Jeremy Gray: Gold Stocks Look Attractive for a Major Bounce
Chinese gold consumption continues unabated−now 30-35% of global demand
Jim welcomes Jeremy Gray, Managing Director and Head of Global Resources at Standard Chartered Bank. Jeremy is looking for a squeeze in the resource shares after the recent 3-month underperformance. He finds that gold shares look especially attractive for a major bounce. Jeremy also sees China playing a major role in future gold consumption, as both its central bank and vast populace continue to buy physical gold for a variety of reasons.
Jeremy Gray joined the Equity Research team as the Global Head of Resources in May 2010. Previously, he worked for Central African Mining, where he was the head of Business Development and IR and helped sell the company to ENRC in October 2009.