The Gold Report
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...
Notable Quotes
"RGLD is an established, well-managed company with good cash hoards." (6/19/13) Royal Gold Inc. - The Gold Report Interview with David H. Smith More >
"GRG outlined ~110 Moz Ag eq at Chinchillas, and it has barely scratched the surface." (6/17/13) Golden Arrow Resources Corp. - The Gold Report Interview with Jay Taylor More >
"PZG has deep pockets and is definitely a takeover target." (6/17/13) Paramount Gold and Silver Corp. - The Gold Report Interview with Jay Taylor More >
"TMM has good cash flow and is in a position to grow organically." (6/17/13) Timmins Gold Corp. - The Gold Report Interview with Jay Taylor More >
"There clearly is a an opportunity at hand given CSI's valuation." (6/14/13) Colossus Minerals Inc. - Jamie Spratt, Clarus Securities More >
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...
More Experts
"We are resuming coverage on DGC and reiterate our Outperform rating." (6/13/13) Detour Gold Corp. - Michael Siperco, Macquarie Capital Markets More >
"SCZ released the best intercept to date at Gavilanes; we view it as very impressive." (6/13/13) Santacruz Silver Mining Ltd. - Kwong-Mun Achong Low, Jennings Capital More >
"CTG had some stellar results from the recently completed drill program at Strieborná." (6/12/13) Global Minerals Ltd. - Deborah Bacal, Proactive Investors More >
"AVA's grades are around 1 g/t, with lots of exploration potential." (6/17/13) Aurvista Gold Corp. - The Gold Report Interview with Jay Taylor More >
"We saw insider buying in DGC, which has gone to the capital markets to raise money." (6/14/13) Detour Gold Corp. - The Gold Report Interview with Ted Dixon More >