M&A Activity To Boost Gold Mining Stocks

Forget about gold, go long gold mining stocks. CFW has been long-term bullish on gold prices for some time, largely on the basis of Chinese demand and acquisitions (see 'China's New Acquisitive Craze: From US Treasuries To Gold', CFW, 8 March 2010). Here we stress that there could be more upside to buying gold equities than the precious metal itself at this juncture. A combination of attractive valuations, a strong outlook for profit margins and M&A prospects provide the backbone of our

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