Chart of the day
Top 10 gold mining majors have seen stock prices surge up to 70% since late December. (Chart from www.mineweb.com )
The world’s 10 largest gold miners have seen share prices surge by up to around 73% from an interim low in December to this past weekend as the gold price has risen from around $1175 on December 23rd to $1280 on January 16th – a rise of around 9%, thus demosntrating that gold stocks offer hugely more leverage at times of rising metal prices providing one chooses carefully. Harmony Gold, which has risen by over 70%, has been the biggest riser among the world’s Top 10. Read Mineweb article by Kip Keen to see the full picture.