Gold Price Sentiment Is Comparable To Near Death

A good analogy to describe the gold price cycle is to use a coffin, said Chris Mancini, analyst at Gabelli Gold Funds.
“I think that in terms of the sentiment within the gold market and the gold mining market is that we’ve had a few near death experiences, in terms of being put in the grave. So when gold went down to $1,050, for the gold mining sector, that was one step above the bottom of the grave,” Mancini told Kitco News on the sidelines of the Mines and Money New York conference. (show less)

A good analogy to describe the gold price cycle is to use a coffin, said Chris Mancini, analyst at Gabelli Gold Funds.
“I think that in terms of the sentiment within the gold market and the gold mining market is that we’ve had a few near death experiences, in terms of being put in the grave. So when gold went down to $1,050, for the gold mining sector, that was one step above the bottom of the grave,” Mancini told Kitco News on the sidelines of the Mines and ... (read more)

Mines & Money New York

Mines & Money New York
New York is a global centre for finance. As commodities prices continue to rise, many generalist investors are returning to the sector. Coupled with the number of natural resource specialists based in New York and the surrounding East Coast, the reasons for having a mining event in New York have never been stronger.New York has been without a major mining investment show for too long. Now in its 3rd year, Mines and Money New York is that event.

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