With tensions once again rising in South Africas mining sector, investment bank Merrill Lynch has cut its weighting to the countrys stock market and mining sector.
Dan Morgan, Global Commodities Analyst, UBS says that stimulus measures are driving the commodities market.
The price of gold is at an 11 month high and has rallied 14 percent since the start of the year but analysts have told CNBC that it’s set to go even higher tipping the $2,000 per ounce mark.
The world economy isn’t likely headed for a meltdown, but exposure to gold is still a good idea, noted commodities investor Dennis Gartman said Tuesday on CNBC.
Paul Donovan, Senior International Economist at UBS says that gold should be part of a balanced, well-diversified global portfolio and not treated as a currency.
Juerg Kieneris Managing Director & CIO at Swiss Asia Capital, Singapore says that markets will see a re-balancing of real assets with the ETF space.
Gold has been under-owned and is poised to hit $2,000 per share by the end of 2012, Michaer Purvis of Weeden told CNBC on Friday.
Gold, silver and miners are heading toward highs at the end of 2012, says Michael Purves of Weeden.
London-based company Lonmin, the platinum mining firm affected by strikes at their Marikana facility in South Africa, is a definite opportunity for investors looking to enter the sector according to Alison Turner, mining analyst at Panmure Gordon.
Following the on-going violence at operations of the world’s third-largest platinum producer Lonmin, the South African government wants to bring in external mediation to resolve disputes over pay and conditions of mining workers, Susan Shabangu, mines minister for the country, told CNBC Africa on Tuesday.
It is an endless debate for investors interested in gold: Should they buy a direct play on the gold price, either gold bullion itself or even so-called paper gold with an ETF such as the SPDR Gold Shares? Or should they invest into gold equities, particularly the larger, higher quality gold mining companies?
There is value in recycled gold mines...show Northern Star Resources and Silver Lake Resources.
Karl Smich, CEO of Sandfire Resources said his company is already selling China material from its DeGrussa Mine which will be commissioned next month. He added that the mine is on track to start full production next year.
Ed Ponsi, Barchetta Capital Management, discusses how to play gold and gold stocks.
Eventually, the Federal Reserve is going to launch more easing to stimulate the so-called zombie economy. When that happens, these stocks are the way to play the rally.
The Market Vectors Gold Miners Index exchange-traded fund drew some bullish option activity yesterday as traders focus increasingly on precious metals.
Ivanhoe Mines saw bullish option activity on Friday for the second time in less than a week.
Clem Chambers, CEO, ADVFN is long gold as he believes it is a good hedge against inflation.
One investor is using a complex strategy to bet on Goldcorp, which is trying to hold levels last seen almost two years ago.
Gold is easing for a second day in a row, but still up on the week and set for its largest gain in six weeks due to the re-emergence of the euro zone crisis. John Hathaway, Tocqueville Gold Fund/Tocqueville Asset Management, explains.