The Gold Report
...resources stocks continued to lead world markets over the past week...
This was a week when gold bullion pitched above US$750 an ounce, when platinum made new records above $1400 an ounce, and where demand for crude oil kept those markets on the brew. This was a week when the Bank Credit Analyst, said the global economy is on a Goldilocks path: "just enough liquidity and just enough growth", which is perceived as "just right" for commodities. Provided the US escapes a recession, analysts at BCA Research argue, the current environment is positive for commodity plays...
Within the global mining stocks sector, investors continued to favour, after the diversifieds, selected gold and copper names. Stocks within these three sectors made fresh records during the week, leaving other sectors ample room to catch up. While price action in metals markets remains key to stock price development, and varies according to metal and commodity, some sectors may remain behind for some time. Uranium stocks remain, on average, 41% off 12-month highs. At the other end of the scale, after diversified, gold and copper stocks, zinc stocks appear primed to move to fresh highs in the short term future.
Notable Quotes
"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 >
"AMM is the kind of company an investor wants to be involved with." (5/20/13) Almaden Minerals Ltd. - The Gold Report Interview with Brent Cook More >
"ATY had some very good drill results and its VMS project is certainly economic." (5/20/13) Atico Mining Corp. - The Gold Report Interview with Brent Cook More >
"I like LYD because of its simple, low-capex project." (5/20/13) Lydian International Ltd. - The Gold Report Interview with Brent Cook More >
"TMM released record production of 28.3 Koz Au for the quarter." (5/8/13) Timmins Gold Corp. - Joseph Fazzini, Dundee Capital Markets More >
Gold, Copper, Diversified Stocks Hit Records
Source: Mineweb.com (10/12/07)
This was a week when the Bank Credit Analyst, said the global economy is on a Goldilocks path: "just enough liquidity and just enough growth", which is perceived as "just right" for commodities. Provided the US escapes a recession, analysts at BCA Research argue, the current environment is positive for commodity plays...
More Experts
"Drill results from BAR's Martinière indicate a growing, fertile gold system." (5/13/13) Balmoral Resources Ltd. - Eric Lemieux, Laurentian Bank Securities More >
"SAS had a strong cash position of $32.1M at the end of Q1/13." (5/13/13) St Andrew Goldfields Ltd. - Eric Winmill, Casimir Capital More >
"GRG has an exciting high-grade silver discovery and just released an NI-43-101-compliant resource estimate with 105 Moz Ag eq." (5/17/13) Golden Arrow Resources Corp. - The Gold Report Interview with Thibaut Lepouttre More >
"THO's Escobal remains on budget and on schedule; its progress is encouraging." (5/10/13) Tahoe Resources Inc. - Chris Thompson, Raymond James More >
"We reiterate our Outperform rating on P and it remains one of our top picks." (5/10/13) Primero Mining Corp. - Shawn Campbell, Macquarie Capital Markets More >