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Mix-Ansicht- Goldman zu Gold - Maulwurf, 02.12.2000, 11:58
- Re: Goldman zu Gold - Diogenes, 02.12.2000, 12:19
- silver-investor über Silber - Diogenes, 02.12.2000, 12:48
Goldman zu Gold
*GOLDMAN SAYS GOLD STOCK RALLY BASED ON PRESIDENTIAL ELECTION
UNSUSTAINABLE
NEW YORK, Nov 24 (Reuters) - Goldman Sachs said on Friday that the current rally in gold stocks caused by the unresolved U.S. presidential election would be unsustainable unless election uncertainty worsened.
Large cap gold mining stocks have rallied 10 to 15 percent from their lows of last week on the back of the presidential vote deadlock, Goldman analysts said in a research note.
"We believe that, unless general equity markets become more turbulent, this gold equity move is premature. We believe it offers an exit opportunity for those investors already focused on lightening up on gold equities," analyst Daniel McConvey said in the note.
In the first 10 minutes of Friday trading, the American Stock Exchange Gold Bugs Index <.HUI> fell 0.8 percent. The index has gained 4 percent since Nov. 7, though it remains down 47 percent for the year to date.
"For those investors determined to enter the sector, we would recommend gold mining stocks with the fundamentals required to do relatively well in a low gold price environment. Our favorite stocks are Barrick Gold Corp. <ABX.TO>, Placer Dome Inc. <PDG.N> <PDG.TO>, and AngloGold Ltd. <ANGJ.J> <AU.N>, which all have Goldman's investment rating of"market outperformer."
Na, das hört sich doch gar nicht so schlecht an. Schließlich wird eine Ralley nicht ausgeschlossen. Sie soll jetzt nur noch nicht da sein. Sehe das übrigens genauso und habe meine Goldaktien verkauft. Immmerhin die bisherigen Verluste somit ausgeglichen.
Gruß an die Goldbugs
Der Maulwurf.
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