Wow redline you certainly have gotten alot better at TA... good job calling the reversal on the penny stock earlier
Kinross made a nice gain from $21 and it's a good point to get in especially at half the price of GG and other major gold producers. I mentioned Yamana before as well - gold's recovery into the mid 900's certainly tells us it'll be here for awhile.
UBS one of the most respected research ibanks posted news re: gold prices all the way through 2010 ...ballsy move.
http://network.nationalpost.com/np/b...ld-stocks.aspx
Quote:
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The Swiss financial services firm now expects gold will average US$895, US$800 and US$730 per ounce in 2008, 2009 and 2010, up from US$850, US$750 and US$720, respectively. Its palladium forecasts climb 24% to US$460, 96% to US$550 and 81% to US$625 per ounce for those years.
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TNR Gold Corp (TNR.v) - one I mentioned earlier is now at $0.285, up from $0.22-23 earlier when I picked it up. It has solid backings from longterm investors (check insider buying) and seems to make a run to 0.40+ around October-Jan every year (at least last 3-4 years). Not a 200% one day gain like redline up there but also not Pink Sheets
At least they need to announce a PP when diluting shares...! Do your DD of course still.
Not sure if anyone saw the GoldSource GXS run (IIRC was 0.50 to $18?) - but coal and potash in Sask seems to be the play of the month (or was). Would be intersting in about a month when coal permits are starting to be issued... everyone around that area was applying for coal permits and jumping up 40% over one day.
Crazy market...happy 4th of July folks.