09.07.2013 - Declining gold price ‘will cleanse the industry’ |
Gold’s steepest quarterly drop in at least 90 years will create stronger producers that shun expensive new mines and return more to their shareholders, fund manager Craton Capital said. "It’s a very healthy cleansing exercise and the result will be a much better industry," said Markus Bachmann, manager of the Craton Capital Precious Metal Fund...............................................Full Article: Source |