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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Peter Hambro Mining - Well placed to exploit strong gold price

March 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • POG
  • Price:
  • 557p
The unprecedented liquidity being pumped into America’s banks, brokers and dealers is leading to fears that inflation won't be that far behind and this explains the sudden resurgence of the gold price as investors attempt to protect their wealth. Investment bank Citigroup has already stuck its neck out by forecasting that gold will hit US$2,000 an ounce over the next two years and with exchange traded funds (or index funds) having pushed their bullion holdings to all-time highs we believe that gold shares are poised to enjoy a decent run soon. One share that should do well out of all this is Russian gold miner Peter Hambro Mining (POG), which boasts one of the most consistent records in the whole industry. In six short years pro ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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