New trends Among Gold Stock Investors

Source: Mineweb.com  (9/7/07)

Over the past week practically all the stocks in this Tier I sector have advanced strongly, with particular features in Goldcorp...

By the close of trading on Thursday, Barrick (ABX, $36.20 a share), Agnico Eagle (AEM, $48.23) and Randgold Resources (GOLD, $27.19) had made new stock price highs, but quality issues left many gold stocks still hemorrhaging way below previous highs....

The most significant buying of gold stocks on Thursday was targeted at the Tier II group, now 17%, on average, off 12-month highs...

There was also heavy buying in the Tier I sector, which is now also off by 17%, on average, from 2-month highs, against around 25% a week ago. Over the past week practically all the stocks in this sector have advanced strongly, with particular features in Goldcorp...

Related Articles

The Gold Report The Gold Report