The Gold Report
The gold sector has always had a boom-and-bust mentality. Ron Stewart of Macquarie Equity Research says the flip side to the bear market is that the next bull market will produce phenomenal gains, and the companies leading the pack will be those that can still flourish with low gold prices. In this interview with The Gold Report, Stewart identifies low-cost, high-grade miners, several of which are likely to excite interest from cashed-up suitors.The Gold Report: There was a widespread assumption in 2011 that the price of gold could only go higher. As we have seen, this assumption was very much mistaken. Today the mood is much more pessimistic. Could this pessimism be just as mistaken as the optimism was?
Ron Stewart: Yes, it could, but it’s my experience that markets tend to overshoot on the upside and downside alike.
TGR: Why has gold lost so much value?
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