Gold has likely bottomed out around the $1,200 an ounce level, and weak investor sentiment may be able to thank for it, this according to Harry Anagnostaras-Adams, managing director of Kefi Minerals. “When the set that moves together in the investment market is completely out, it’s the best time to come in. And to me, this feels very much like a bottom, but we’ll see….when you feel a complete lack of interest in the sector from the institutional market, it’s usually a sign that it’s the bottom,” Adams told Kitco News on the sidelines of the Swiss Mining Institute Conference in Zurich.
SUBSCRIBE TO THE BRAND NEW WALLSTREETWINDOW PODCAST VIA OUR RSS FEED
Subscribe in a reader