Wednesday, February 8, 2017

Sandvik Sends Nice Message For Gold Bugs

Sandvik, one of the world's largest engineering companies, signals recovery in its "Mining and rock technology" division. Look at the chart below:

The order intake in 4Q 2016 was very impressive: SEK9.1 billion in new orders. It looks like Sandvik, contrary to Caterpillar, sees recovery in the mining sector, especially in the gold / silver one.   

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