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Oct 28 2009

Finding gold in little miners

Posted by doris in Business, Economy, Financial, Gains, Investors, Money

Full Story at money.cnn.com

NEW YORK (Fortune) — A year ago investors fled small gold mining stocks as the desire for high-risk assets evaporated.

Now, even after investors have flooded back into the market, top-ranked gold fund manager Mark Johnson says the junior miners are undervalued, and he’s betting on their recovery.

“The best value is at the smaller end of the scale,” says Johnson, who is in his 16th year running USAA’s Precious Metals and Minerals fund (USAGX).

Junior miners are those with less than 250,000 ounces of annual gold production, which equates to roughly $250 million in revenue at gold’s current price.

This entry was posted on Wednesday, October 28th, 2009 at 4:28 am and is filed under Business, Economy, Financial, Gains, Investors, Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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