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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Price Watch more

‘Track gold miners’ stocks to predict price trends’

Posted on 25 February 2014

Want to know where gold prices are headed? It might make sense to track the stocks of gold mining companies. In the recent past, these have served as good indicators, says CLSA’s Chief Equity Strategist Christopher Wood.
“The action in gold mining stocks is serving as a useful lead indicator for the price of bullion, with Newcrest Mining, for example, up 30 per cent year-to-date. Gold mining stocks were certainly a lead indicator for the decline in gold prices last year,” Wood said in his periodic ‘Greed and Fear’ report, released earlier this month………………………………………..Full Article: Source


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