Shaw and Partners WA state manager Davide Bosio says gold continues to look fantastic on a technical basis. Political environment, tensions between US/China and the world a long way from a coronavirus vaccine play into the metal’s hands, he says, and investors are really getting behind both it and silver. Newcrest’s strong results highlight the benefits of being a producer currently, he adds, but don’t expect a splurge of acquisitions. Companies with tier-1 and possible tier-2 assets might see some activity but Newcrest was rewarded for focusing on production and cost control and that’s what the market likes now says Bosio.
About this content
About Andrew Scott
Andrew brings a wealth of experience to the Proactive team with over 15 years’ experience in television reporting and presenting with the likes of Thomson Reuters, Sky News and ITV. Andrew holds a Bachelor of Science in Mathematics and Statistics from the University of Auckland and has vast experience in analysis and reporting on global markets, derivatives, equities and commodities. Read more
About the publisher
Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists.
Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth.
We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors.
The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies.
Use of technology
Proactive has always been a forward looking and enthusiastic technology adopter.
Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows.
Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.
No investment advice
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Content on the Site is provided for information purposes only, and none of the information contained on the Site constitutes an offer, solicitation or recommendation to buy or sell a security. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume which any Content on the Site may generate. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value, suitability or profitability of any particular security, portfolio of securities, transaction, investment, investment strategy, or other matter. You understand...
FOR OUR FULL DISCLAIMER CLICK HEREGold continues to look fantastic says Shaw and Partners' Davide Bosio
Published: 15:32 23 Jul 2020 BST