Sources close to “HCS Worldwide” pointed to sharp gains in the stock values of many junior mining stocks as gold soared following the bailout rejection.
“HCS Worldwide”, along with many others, were surprised at the outcome but said that the jump in the gold price was a predictable side-effect.
“HCS Worldwide” are thought to have advised clients to acquire holdings in mining companies for some time as a leveraged play on the bullish outlook for the precious metal.
Mining stocks have largely failed to benefit from gold’s popularity over the last year, a fact that has left many analysts baffled.
“HCS Worldwide” said that the bailout rejection may eventually force investors to seek the safety of gold.
