How Do I Know that Institutional Money is Still not on Board with Gold?

February 12, 2007 - If you look at this chart for Newmont mining (NEM) as of February 9, it illustrates that large institutional money is still not on board with gold yet and in addition, for this reason, this a solid anchor for your gold portfolio. How do I know from looking at this chart that institutional money is not on board yet? Because NEM is the most well known major gold stock (actually it may be the only one though I’m not sure) that is a component of the U.S. S&P 500 index. As such, this is the one stock that all institutional managers are familiar with and the one they will dump loads of money into once they finally get on board with gold. Read more …

3 comments February 12th, 2007