The Gold Sector Is On Sale: Michael Fowler

The Gold Report: Let’s start with the changing risk picture in the gold space. Agnico-Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) and Kinross Gold Corp. (K:TSX; KGC:NYSE) are down by about 50% and 75%, respectively, from their 52-week highs. Both would once have been considered low risk. Are there no low-risk companies in the gold space today? Michael Fowler: I think that is correct, Brian. Right now, any gold stock is fairly risky due to a combination of factors. First off, gold stocks and the gold price are very volatile. Second, gold mining is a tough business, subject to unforeseen circumstances. Despite the size of Agnico-Eagle, Kinross, even Barrick Gold Corp. (ABX:TSX; ABX:NYSE), I would attach a fair degree of risk . . . → Read More: The Gold Sector Is On Sale: Michael Fowler