King World News has a new interview with Bill Laggner of Bearing Asset Management. He discussed the debt problems of Greece, other EU countries and, of course, here in the US. He also talks about Goldman Sachs -- you might remember Laggner and his partner Kevin Duffy being interviewed by Barron's some months ago. They revealed being short Goldman and I imagine that move has paid off nicely.
Laggner also talks some about gold. I know Bearing owns gold, but I don't know if they're just in bullion, or have exposure to gold mining stocks.
Three miners I own -- Newmont Mining (NEM), Goldcorp (GG) and Agnico-Eagle Mines (AEM) -- have all reported good results lately. Especially NEM. This group, along with my fourth gold mining play, the Market Vector Gold Miner ETF, is in the black with gold's move up this past week. We could be seeing the start of the gold miners no longer lagging the metal itself.
If that's the case, I'll be a happy camper. I have conviction that will happen at some point -- but I don't know when.
Laggner also talks some about gold. I know Bearing owns gold, but I don't know if they're just in bullion, or have exposure to gold mining stocks.
Three miners I own -- Newmont Mining (NEM), Goldcorp (GG) and Agnico-Eagle Mines (AEM) -- have all reported good results lately. Especially NEM. This group, along with my fourth gold mining play, the Market Vector Gold Miner ETF, is in the black with gold's move up this past week. We could be seeing the start of the gold miners no longer lagging the metal itself.
If that's the case, I'll be a happy camper. I have conviction that will happen at some point -- but I don't know when.
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