Bernstein Quants Join Bulls on Gold Sector as Cycle Darkens

For all the attention lavished on gold for its relative durability during this global dash into risk, the real story could be the companies digging it out of the ground.

A growing chorus of big names including everyone from the quants at Bernstein to Pictet’s multi-asset team is turning increasingly bullish on miners as late-cycle angst and industry shifts make conditions ripe for a prolonged rally.

Mining shares have gained at almost twice the pace of bullion this year, even as the metal hit a 10-month high on Tuesday, and the evidence suggests they can outperform the physical metal in an economic slowdown.

 

KEFI Minerals plc (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield.

 

 

 

 

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