Friday, Nov 16, 2007
Gold mining stocks to surge on rising gold
The Telegraph: A perfect storm for gold as mines left empty
At $1000 an ounce, it forecasts a share feast: Barrick up 65pc, Newmont 80pc, IAMGOLD 90pc, NovaGold 90pc, and Centerra 100pc.
Posted by sold 2 rent 1 @ 08:11 AM (495 views) Add Comment
7 Comments
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1. tyrellcorporation said...
s2R. You've persuaded me about Gold! Where have you invested again? Also, is there a good general metals fund (Silver, zinc, copper, etc) you're with?
2. Surfgatinho said...
Sounds like VI spin to me! Having said that I am around 10% precious metals just in case!
3. dohousescrashinthewoods said...
bullionvault.com
4. cornishman said...
Gold dropped 5% yesterday. Tread carefully...
5. sold 2 rent 1 said...
MERRILL LYNCH GOLD & GENERAL (preferably ISA wrapped)
6. drewster said...
Ummm.... isn't this article saying that gold mines might *not* do so well, because of depletion and rising costs? It's the same story with oil (black gold): the price is going through the roof but BP and Shell have fewer reserves each year. They are extracting less oil every year while their costs keep rising.
7. techieman said...
mine on the 14th - "yep looks like the B wave of the correction. 850 to 800 (a) 800 to 820-30 (b) 820-30 to 750-770 (c). After that new highs. Alternate is the move to 800 finishes the correction b4 new highs. [havent read the article thats just my view not meant as a "tip" obviously!!]. Spot trading at 811 as i write"
Cornishman - this is just normal stuff to get the weak buyers out.