Gold stocks could double in weeks

Gold-nuggetsShares in small and mid-cap gold companies could double within weeks as the gold price continues to soar, says Tom Winnifrith, senior fund manager for the SF t1ps Smaller Companies Gold Fund. He says the current price of about $1,880 an ounce will rise to more than $2,000 by Christmas. This will deliver windfalls to mining companies that are not currently priced in, said Winnifrith, meaning stock prices will rise. “Greed will drive gold equities sharply higher in the next days and weeks,” he said. “When panic enters the building as those with no gold exposure realise the error of their ways then the party will really kick off.” Gold has increased in price by about a half in the past year driven by financial uncertainty and a lack of faith in the dollar and euro. The same factors have caused appreciation of the Swiss franc as investors seek a safe haven for their money. ©2011 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.