ISLAND-based Tom Winnifrith, senior fund manager for the SF t1ps smaller companies gold fund, claims shares in a raft of mid cap and junior gold stocks could ‘double within weeks’ arguing this is driven by fundamentals not a bubble.
He says the flight to gold looks set to continue and, as such, investors who are finally waking up to the incredible value in gold equities, look set to benefit from huge returns.
Speaking after a day in which a number of AIM quoted gold juniors including Vatukoula Gold Mines, Hambledon Mining, Ortac Resources and Ariana Resources gained up to 15 per cent in just one session, the top rated Alpha fund manager, and chief executive of Rivington Street Holdings, claims that ‘the party is only just starting.’
He added: ‘Belatedly investors are starting to see the incredible value in gold equities. Greed will drive gold equities sharply higher in the next days and weeks. When panic enters the building as those with no gold exposure realise the error of their ways then the party will really kick off.’