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.
Precious metals analyst Gary Wagner of the Gold Forecast says different technical indicators are unanimous in forecasting a major breakout for gold following a brief correction in the wake of the Obama election bounce.
Speaking to Daniela Cambone of Kitco News Wagner says that both the Cup & Handle Pattern and Elliot Wave Principle have reached “confluence” with respect to their forecasts of future gold prices, and that the precious metal could surge past $1,800 once a short-term correction concludes:
Image courtesy of Kitco News via Youtube
