First move, wrong move
Wed, Oct 15, 2008
Gold Investing News reports spot price for gold closed at US$842.60 per troy ounce on Tuesday after the announcement of bailing-out the banks on Friday last week.
Barnard Jacobs Mellet released a research report which suggests that gold mining companies are trading at very attractive valuations. The commentary outlined several reasons which included the relative market appreciation with gold producers underperforming the precious metal by a massive 39 per cent this year, despite gold being up only 2 per cent since the end of 2007.
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October 15th, 2008 at 12:06 pm
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