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Commodities Briefing - Categorized | Investment, Trends more

Gold investors still preferring to wait on the sidelines

Posted on 26 October 2011

Here in South Africa, quarterly gold results are due from Harmony and DRD Gold in the next week but, in the current economic climate, investors and analysts remain cautious. And, the apparent disconnect between the bullion price, profit margins and the gold equity prices is symptomatic of this.

Whilst the US dollar/oz gold price has increased 185% over the last five years, Harmony’s share price over a similar period has decreased by 24%. Even more severely affected, DRD Gold has decreased by 60% over a comparative period……………………………………….Full Article: Source


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VRS - who has written 36706 posts on Opalesque Commodities Briefing.


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