The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
XAU Climbs Above Key Resistance
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Freemarket Gold and Money Report (06/29/2009)
"The XAU Gold Mining Index finally climbed above the key resistance level around 134. What's more, the XAU Index then jumped straight to the next higher level of resistance in the 152 to 154 area. The XAU briefly pushed through that level all the way to 161, but as of Friday's close now sits right below resistance at 150.67. Don't be discouraged by this pullback below resistance, which I see as only temporary. The XAU is still on target to fulfill my expectation to hurdle this area of resistance before gold hurdles its next area of overhead resistance at $1,000. I expect that when gold is at $1,000, the XAU will be probing its all-time high of 206.37 reached on March 14, 2008. In any case, the XAU remains good value. . .The XAU remains at historically low levels of valuation when viewed in terms of the main product of the companies within the index, namely, gold. Continue to accumulate the mining stocks on my recommended list provided in Letter No. 442. I'll present that list and those companies in the next letter." |
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More Experts
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