The annual rally in gold and gold stocks . Merril Lynch says gold RALLY NOW
by: ricklenov (200/M/Athens Ga.) 08/11/05 08:14 am
Msg: 572493 of 572526
Analysts at Merrill Lynch say that the annual rally in gold and the gold equity markets has begun.
In a research note published this morning, the analysts mention that the S&P/TSX Gold Index has risen 7.1% since July 19, while gold price has jumped 3.9%.
Historically gold and bullion shares have risen significantly in the period from early summer to mid autumn, Merrill Lynch says.
The increase is likely to be due to renewed fabrication demand for the holiday seasons, the analysts add.