Barclays analyst Matthew Murphy thinks it’s a good idea to sell shares of gold miners and put the money to work in companies producing metals that would benefit from a recovering economy.
Source: Take Profits in Gold, Says Analyst, in an Upbeat Call on the Economy . – Barron’s
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Take Profits in Gold, Says Analyst, in an Upbeat Call on the Economy
Wall Street rebounded after last week’s selloff. Volatility was low, however, as the end of the year approaches. In the commodity sector, crude oil prices were mixed. The front-month Brent contract fell for a 4th consecutive day, initially plunging to a 11-year low of 36.04 before settling at 36.35, down -1.44%. The WTI contract gained for the first time in 4 days, edging +0.03% higher.
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