By Bob Kohut
The Bull (Australia)
Here we go again. The price of gold rallied to approach US$1400 an ounce in March 2014 before falling back, stabilising, dipping again, and rising once again in June. Here is a year to date price chart tracking the moves.
The Gold Bugs, both technical and fundamental, are out in force pointing to charts and global crises and economic data to make the case for continued rallying in the price of gold.
Once again we see numerous articles across the web proclaiming better days for gold miners as well, even the juniors with low All in Sustaining Costs (ASIC) for producing the precious metal. It would appear that some Australian investors are siding with the Gold Bugs. The 23 June table Stocks on a roll: ASX rolling 52-week highs here on thebull.com.au showed seven gold miners making the list; some diversified but most pure plays. What’s more, only three qualify as mid-tier miners, with the remaining four falling in the land of Penny Dreadfuls. Here they are.
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