Far East Capital Newsletter
Gold price is performing in a new environment
3 Sep 2017

In This Issue


Gold price is performing in a new environment

Although there hasn't been a great deal of publicity about the higher gold price, and share prices have not really reacted yet, the movement above US$1,300/oz is quite significant. For our gold producers it is icing on the cake that will support stronger profits. For investors and speculators, it shows that there is a renewed dynamic in play that is overshadowing the monetary factors that have previously kept the gold price in the range of US$1,200- $1,300/oz.

The Metals and Mining Index has had an excellent recovery since June this year, having returned to the highs last seen in January. That is a rise of approximately 20%. The big companies have been responsible for this rise, not the juniors, but where the big stocks go the little ones will follow as investors seek greater leverage. 

Suite 24, Level 6
259 Clarence St
Sydney NSW 2000

Phone: +61 2 9230 1930
Email:
Far East Capital

Home | Newsletters