Australian Gold Stocks Poised to Shine
Source: MarketWatch, Virginia Harrison (9/13/11)
"'If we were to hold cash or gold, we'd favor gold at the moment.'"
Gold prices have surged nearly 30% this year. At the same time Australia's S&P/ASX 200 gold index has lost nearly 4%, while the broader benchmark S&P/ASX 200 is trading down around 14%, according to data from Factset.
"We've seen the gold price rally significantly and we haven't seen gold stocks perform nearly as well," said Andrew McLeod, research analyst with Limestreet Capital.
"If we were to hold cash or gold, we'd favor gold at the moment. Because of the disconnect between gold commodities and equities right now, we think there's a massive opportunity within that sector," McLeod said. . .View Full Article