The information below is based on the most recent information we have
received from analysts and the companies participating in The Gold Report.
We encourage you to visit the company's web site for updates.
"Shares of ANV hit yet another new high this past month at $17.00 before succumbing to some profit taking. The shares were trading as I write this at $16.41. I expect that we will probably make yet another new high as gold resumes it upward trek. I wouldn't be surprised to see ANV over the $20.00 when that happens.
This is because Allied Nevada has what the market is looking for:
Increasing Production
Increasing Reserves
During Rising Gold Prices
For those of you who own shares, I would keep selling into strength up until you have sold 50% of your shares. Then let the rest ride to see how high they can go. I don't recommend we buy new shares at this time.
Allied Nevada remains a HOLD."
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Mining Speculator (01/07/10)