Tuesday, April 19, 2005 Mineweb writes that the weaker gold equities market at the moment seems to be replicating the downward trend it experienced around the same time last year. And, like then, Goldman Sachs sees this as representing a chance for investors to take advantage again of the "fairly grim" mood ahead of an expected rebound. "The sell-off in equities reminds us of the period exactly one year ago when the metals universe including gold sold off as the market adjusted to rising rates in the US, and fears of a China slowdown," recalled New York-based Goldman Sachs analyst, Alberto Arias. "Sentiment surrounding gold stocks at the time was awful, but it proved to be a good buying opportunity."
(See Mineweb:
Gold shares versus bullion)
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Tuesday, April 19, 2005
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