Bulls, Bears & Brokers: Alto Capital's Tony Locantro on Australia's booming gold sector

Tony Locantro, stock market commentator and investment manager at Alto Capital, discusses the outlook for Australia's gold sector and an increasing level of M+A in the space.

''In Australia our property sector is due for a nasty correction and the bank stocks have been struggling for about four years now''.

''What I noticed today was that the Dow dropped 800 points ... all the major gold producers  were actually up for the day ... so I think the Australian gold scene is doing quite well especially when you can produce at $1000 all-in-sustaining and sell for about $1686.

''Our gold sector I think is in great shape''.