Filed under Gold Market, Gold Mining
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Source: Adrian Day, Adrian Day’s Global Analyst/The Gold Report 02/08/2010
Adrian Day, President of Adrian Day Asset Management, says that despite hitting yet new highs near the end of the year, there is much further to go for gold and gold stocks. In this excerpt from a recent article, Adrian reviews the resource markets and looks ahead, particularly to gold; recommending several companies for which he is anticipating good things.
Virtually all markets and asset classes rallied last year, but among the strongest were the resources, continuing to rise on the back of continuing strong demand from China and other emerging economies. Though the broad Dow Jones-UBS Index was up just 19%, individual components were very strong, particularly the base metals, with copper up 139% and others, such as aluminum up, 50%. Oil and gold were also up strongly, while many of the agriculturals lagged, dragging down the index.
Resource stocks dominate our list of “Current Positions,...
