TSX:LSG.DB - Post by User
Comment by
WallStreetKingon Jan 19, 2013 2:36pm
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Post# 20861670
RE: Re. Where is gold price going?
RE: Re. Where is gold price going? There's No Place Like Gold
Our research shows that gold companies overall are performing better than believed. They definitely have challenges to respond to, but the situation is not nearly as catastrophic as some in the media portray it.
Gold miners are again becoming an ideal contrarian investment opportunity: companies continue generating income, in many cases are working on correcting their strategic errors, have stronger operational performance than generally believed, and yet their share prices remain depressed. Gold-mining majors have hurdles to overcome – who doesn't? – but their assets remain in place, as do their financial resources and experience... as does the global economic uncertainty that supports a continuing rise in the gold price.
Without ignoring the hurdles, we think the current anti-mining sentiment is to a large degree not grounded in sound fundamentals. Gold miners remain one of the most attractive equity investments you can make at this time.