In an interview with Morningstar this past week, author and investor William Bernstein said that precious metals stocks are starting to pique his interest and that now wouldn’t be a bad time to add them to your portfolio. Bernstein said he’s been following precious metals stocks for 25-30 years, so he understands the risks and how they generally work in a portfolio. Here are a few points he made on these stocks as an investable asset class:
You have to be a very brave investor to add precious metals stocks as a long-term allocation to a portfolio because you could be waiting a long time for them to prove their worth. They are sure to test your patience. Yet I’m sure they also look extremely tempting to many investors after such a huge fall.
Over the last year, the gold miners have been one of the worst performing sectors. However, falling stock prices have led to a recent surge in M&A activity. For investors, that could finally signal the bottom in the group’s share prices. Adding a position in the miners might make sense.
Sanofi-Avantis writing an agreement with Orexigen for Marketing Contrave in Europe, manufacturing agreement is already in place where as Sanofi has agreed a deal to manufacture Orexigen Therapeutics' weight-loss candidate Contrave outside North America.
Only AUY Production Increased and cost decreased compare to Barrick or Goldcorp in their Q3 REPORTING FROM Any Gold producers.
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t has been said that as much as 99 x(times) as much "paper" or digital gold is bought on commodities exchanges such as COMEX, as there is traded in actual delivery.
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Cutting the GOLD supply by all major producer can dictate the GOLD Price. GG CEO did the right thing.
Stupid The Street article = Yamana Gold (AUY) Stock Hits One-Year Low as Gold Prices Slump!!!!!!!
Its a huge manipulation for any stock. Cramer advise ? after first 20% low !! Too late ..