At current prices, 15% of global gold miners probably are now underwater, according to Nomura's Tyler Broda, who also predicts gold could fall to as low as $1,000/oz. this year. Companies relying on a single asset and those in Africa, already struggling with deteriorating geopolitical risk, will find it more difficult to convince banks to fund projects, Broda says.
At current prices, 15% of global gold miners probably are now underwater, according to Nomura's...
From other sites
Video at CNBC.com (Thu, 5:17PM)
Video at CNBC.com (Jul 7, 2016)
Video at CNBC.com (Jul 5, 2016)
Video at CNBC.com (Jun 30, 2016)
Video at CNBC.com (Jun 29, 2016)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs