Low Investor Interest Is Good; Signals Bottom In Gold, Says CEO

Gold has likely bottomed out around the $1,200 an ounce level, and weak investor sentiment may be able to thank for it, this according to Harry Anagnostaras-Adams, managing director of Kefi Minerals.
“When the set that moves together in the investment market is completely out, it’s the best time to come in. And to me, this feels very much like a bottom, but we’ll see….when you feel a complete lack of interest in the sector from the institutional market, it’s usually a sign that it’s the bottom,” Adams told Kitco News on the sidelines of the Swiss Mining Institute Conference in Zurich. (show less)

Gold has likely bottomed out around the $1,200 an ounce level, and weak investor sentiment may be able to thank for it, this according to Harry Anagnostaras-Adams, managing director of Kefi Minerals.
“When the set that moves together in the investment market is completely out, it’s the best time to come in. And to me, this feels very much like a bottom, but we’ll see….when you feel a complete lack of interest in the sector from the institutional market, it’s ... (read more)

Swiss Mining Institute Conference

Swiss Mining Institute Conference
Swiss Mining Institute (SMI) presents two major annual investment conferences per year in Switzerland.Each conference provides top quality, independent perspectives from experts within the Resources Sector together with presentations from 10 selected mining companies.SMI invites over 400 selected Asset Managers, Fund Managers and HNWI from Switzerland/Geneva & Zurich.Participation in SMI’S private Events is by invitation only.

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