A good analogy to describe the gold price cycle is to use a coffin, said Chris Mancini, analyst at Gabelli Gold Funds.
“I think that in terms of the sentiment within the gold market and the gold mining market is that we’ve had a few near death experiences, in terms of being put in the grave. So when gold went down to $1,050, for the gold mining sector, that was one step above the bottom of the grave,” Mancini told Kitco News on the sidelines of the Mines and Money New York conference.
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