The Gold Report
For the most part, spot gold has traded in a very narrow range of about US$640 to US$685 an ounce since March. But with the recent weakness in the U.S. dollar, gold has broken out. Canaccord Adams analysts Graeme Currie, Wendell Zerb and Toni Wallis argue that the upward trend could continue.
As they put it, they're placing themselves behind bars - gold bars.
"We are behind the view that gold bars are in a strong fundamental position to break new cycle highs," they wrote in their "Junior Mining Weekly" research note.
Notable Quotes
"TMM is a favorite; it just had another record-breaking quarter." (5/24/13) Timmins Gold Corp. - The Gold Report Interview with Ivan Lo More >
"We are comfortable with CSI's ability to begin pouring gold by Q4/13." (5/16/13) Colossus Minerals Inc. - Joseph Fazzini, Dundee Securities More >
"BTO reported solid Q1/13 results; its balance sheet remains strong." (5/16/13) B2Gold Corp. - Morning Coffee More >
"The bankable feasibility study results on SGC's Asmara are positive." (5/16/13) Sunridge Gold Corp. - Adam Lucas, Ocean Equities More >
"Free cash flow at AR should be stronger in H2/13 as production ramps up at La Colorada." (5/15/13) Argonaut Gold Inc. - Christos Doulis, Stonecap Securities More >
Is Gold Ready to Break New Cycle Highs?
Source: SeekingAlpha.com (9/12/07)
Canaccord Adams analysts Graeme Currie, Wendell Zerb and Toni Wallis argue that the upward trend could continue: "We are behind the view that gold bars are in a strong fundamental position to break new cycle highs," they wrote in their "Junior Mining Weekly" research note.
More Experts
"MND's Costerfield delivered another solid quarter across all metrics." (5/15/13) Mandalay Resources Corp. - Benjamin Asuncion, Haywood Securities More >
"We favor SVL as it continues in 2013 with strong production numbers." (5/15/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >
"Drilling the remaining strike length could more than double INM's La Cigarra resource." (5/22/13) International Northair Mines Ltd. - The Gold Report Interview with Maria Smirnova More >
"BAR's Bug Lake zone has grown by 350m and remains open." (5/14/13) Balmoral Resources Ltd. - Erik Bermel, M Partners More >
"ROG's Burkina Faso deposit will be easy to mine, inexpensive to build and very profitable." (5/20/13) Roxgold Inc. - The Gold Report Interview with Brent Cook More >