By Jeff D. Opdyke
Sovereign Investor
Investing is all about exploiting opportunities. And some of the most interesting exploitation in the market today is happening in gold.
Agnico Eagle Mines, Yamana Gold and other miners are snapping gold assets that larger players are casting off. So far this year, small- and mid-sized gold miners have spent $14 billion grabbing mining assets, the highest total in three years.
What makes this interesting to me — a fan of gold in the form of bullion, collectible coins and mining shares — is the message it sends: Gold is cheap … so grab you some today.
Corporate executives, particularly in the hard-commodity space, regularly use price weakness to their advantage. When prices tumble to levels that are irrationally cheap, they regularly step up to the plate, open up the corporate pocketbook and buy these assets while they’re on sale.