Yesterday's Top Story: Emphasize gold miners over bullion ETFs-Don Coxe Coxe Advisors'
Don Coxe urges gold investors to invest in gold equities suggesting a "huge outperformance" is in the making for gold mining companies with the least endogenous risk. Author: Dorothy Kosich Posted: Monday , 30 Jan 2012
RENO - In his latest edition of Basic Points, respected investment advisor Don Coxe urges gold investors to "emphasize the miners at the expense of the bullion ETFs." In his investment recommendations, Coxe also suggests, "Copper is on a roll."
"We believe that the Bernanke and Draghi rescue policies for their bad banks and spendthrift governments make investment in gold by Americans and Europeans not just attractive-but necessary for pensions funds," said Coxe."
Last week's Federal Reserve announcement of "nonstop money at zero rates naturally produced a rush back into gold-and at long last, into the great gold stocks," he observed.
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