Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
The old adage “sell in May and go away” may not ring quite as true this year as it has in the past, especially not in the gold market. The Northern hemisphere summer looks set to be a rather interesting period on the macro-economic front and, as such, the yellow metal is likely to see some action.
Speaking on Mineweb.com’s Gold Weekly podcast, Bart Melek, head of commodity strategy at TD Securities said that gold is continues to be supported rather well by the concerns surrounding the debt crisis in the euro zone as well as the spectre of inflation that is being bolstered by persistently high commodity prices.
