So how do you like these apples? Slow global growth, currency wars, tight risk spreads. Put risk assets in your rear view mirror.Investors could hold PIMCO’s actively managed Bond ETF (BOND). The 30-year US Treasuries (TLT) and 10 year (IEF) would also benefit from slow growth and a lack of risks in the market. Gold Miners Oversold If Soros is right to shift a bullish position in miners, then investors should look at miners reducing their CapEx (capital expenditure) and their “all in” production costs for gold. These companies include Barrick Gold (ABX), Goldcorp (GG), and Newmont Mining (NEM). The monthly return for gold miners varies, with Kinross (KGC) returning the most, and Gold Fields (GFI) down sharply: All of the gold miners in the chart are down between 14.3% and 51.2% in the last one year period:
Conclusion No one can truly predict if gold will be $1000 or $2000 in 2015. Investors may only look for companies able to produce positive cash flow as gold prices fluctuate. The miners are actively reducing costs, selling unprofitable minds, and reducing exploration projects in an effort to be profitable. These are the companies investors should consider as part of their portfolio.