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Commodity Online – Agoracom market analyst Peter Grandich, who isn’t among those who expect the world at large to emerge from “this absolutely horrific downturn” by year-end, instead sees good opportunities on the horizon for investors who want to “buy things on the cheap” because prices will fall in the equity markets.
He also sees bright prospects for gold—particularly gold ETFs and mining companies that are in or near production and have potential for developing additional deposits. At the same time, Peter tells The Gold Report that the “severely wounded” U.S. economy should anticipate rougher and tougher times.
Financial Post – Investors have lost a lot of money in mining companies the past few months, but they still seem interested in finding the next big winner.
About 300 investors are expected for BMO Capital Markets’ annual global mining conference, which began yesterday in Florida and continues through Wednesday. The event, which attracts senior management from most of the world’s major mining companies, drew about 365 investors last year, so there is not much of a drop-off.
Likewise, next week’s Prospectors and Developers Association of Canada conference in Toronto is expected to draw another huge crowd.
SilkInvest – Anglo American PLC, which represents about 10% of the South African index, has been one of the worst performers among the world’s major diversified mining companies.
It has now addressed issues with its under-performing management team. Chief executive officer, Cynthia Carroll, is focusing on cost savings which should help.
