Gold/silver mining industry
Article Abstract:
Gold prices will average $385/ounce in 1995 and $400/ounce in 1996. Despite limited inflation, prices will continue to increase at least through mid 1998. Still, given the fickle nature of the bullion market, investors should stick with companies that are increasing production and that have large reserves. South Africa's political volatility makes the stock of its gold producers a risky choice. Far better to choose Barrick Gold and Newmont Mining.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Gold/silver
Article Abstract:
Prices for gold began to increase in late 1995 when interest rates for borrowed gold began to rise. The difference between industrial demand for gold and supply also put upward pressure on prices. Bullion prices are also likely to increase for the next three to five years with increased demand, especially in Asia. Better prices have increased stock valuation, but three to five year projections for these stocks are now discounted.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
User Contributions:
Comment about this article or add new information about this topic: