He is deeply interested in South African gold shares.
In my view this is the time to buy gold shares, not to sell them.
The market capitalisation of the world's major gold shares is only about $10 billion - compared with Exxon's market value of $11 billion.
Johannesburg: Pressure on gold shares due to a weaker bullion price sparked a broad market decline.
For example, the exchange's index of gold shares soared to a record yesterday of 9,683, up 90 percent for the year.
But gold prices slid $3 an ounce, to $367.10, in New York, depressing gold shares.
As a result, changes among the Dow transportation stocks and the gold shares were small.
We have the gold shares all right.
The no-load fund specializes in South African gold shares.
"In this kind of environment, gold shares go down faster than the price of gold."
