Quote:
Originally Posted by g35x
In terms of Gold.. I was looking at ABX.TO and K.TO mainly, kinda feel like its a bit too high now already.. ANy opinions?
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I don't know too much about those companies, only a bit about K.TO. Kinross has some room to go as Ecuador gave them a permit for mining again, allowing them to resume drilling at the huge high grade gold discovery.
Regardless, all large cap gold stocks would go up if the underlying metal, gold, continues its hot streak, as profit margins will only be greater.
Will it continue to go up? or Down? Your guess is as good as mine.
But 2cents, Gold is in historical highs, caused by what? The devaluing of the greenback, and countries buying gold for their reserves. One thing is for sure, USA won't let their dollar devalue too much.
All and All, Everything in this market is volatile, analysts are saying the markets are overvalued, etc, blah, blah.
If this position in either ABX/K.TO is a Long position, then I say take a small position and add on dips. If this is a short-term investment, don't bother. IMO