Gold stocks

[YOUNG_TRADER]

Re: GOLD is up , time for GOLD stock ?

BMO,TRY, ARX

I know theres threads on BMO and ARX not sure if there is for TRY,

Gold $800 AUD

 

[rederob]

Re: GOLD is up , time for GOLD stock ?

Any good gold stock to be in ?

tican
As a pure gold play, don't go past LHG.
It's not for the feint hearted; it moves more strongly up and down than most others, so is excellent trading material.

 

[tican2]

thank you all for replies.

cheers,
tican

 

[Nicks]

I think you cant go past AVO. Good value imo. Based on the amount of Gold they are sitting on, the price of Gold, the preditctions on the price of Gold, and their joing ventures with ENR in Uranium I think this stock is incredibly cheap, just on Gold price alone x their deposits they are about to mine its cheap. Good time to get in now as I think the stock has potential for minimum 0.85c in the short term, and well beyond this long. Currently 0.66c.

 

[YOUNG_TRADER]

ARX breaking up again well, strong buy depth

 

[Mumbank]

Anybody know much about LEG? I'm sitting on some and can't decide what to do? Any thoughts on their potential - please

 

[BraceFace]

AGC - up 23% this month.

 

[YOUNG_TRADER]

URANIUM, thanks to China's hunger for energy and the visit of Premier Wen Jiabao, is the hot commodity for Australian speculators. So hot that Dryblower reckons a few of the locals are forgetting a metal that is a lot easier to mine than uranium, sells itself, and is moving higher so quickly that it might even spark a burst of takeover activity while everyone is facing the wrong direction.


The magic metal is gold, and last week's 3% price rise from $US565 ($A791) an ounce to $582/oz, did a lot more than deliver higher profits to producers – higher at least to those producers who haven't sold their soul in an underpriced hedging book.



BMO is my favourite, with ARX as my second

 

[Nicks]

AVO is looking very attractive today for Gold hunters.
Mining this Gold this year, owns joint Uranium ventures with Encounter, whose IPO was 0.20c a share and traded as high as 1.15 within days.

 

[mlennox]

sitting in OXR, BSG, BDG and LHG since the 23/03/06

cant stop

 

[crackaton]

sitting in OXR, BSG, BDG and LHG since the 23/03/06

cant stop

That's nice but you forgot BGF and SBM and MMN.

PS I bought LHG at .90, OXR at .53 and BSG at .89. cheers mate

 

[crackaton]

600$ very close, and silver jumps to 12.68. great day ahead people!!

 

[nizar]

Gold@599.90.... just a matter of time b4 600 is smashed!!

 

[YOUNG_TRADER]

BMO is my favourite, with ARX as my second

ARX is no longer on my favourites list
I topped up @ 6c (original was 7c) and sold @ 6.8c for small proift,
Given hedging, cost overruns, delays and recent placement I will not buy back in it is no longer my 2nd favourite,

Much happier to take the money and put it into my first favourite BMO, will be 60c soon!

 

[YOUNG_TRADER]

OMG @ $640 US/oz (current spot)

BMO recieves $640 @ 0.74 = $865 AUD

With Cash Costs of $250 AUD = Margins of $600 AUD
and production of 50k-60k oz's p.a.

Total Cash Margins will be around $30m - $36m p.a.


And yet it still doesn't reflect this with a market cap of under $100m, how long befoe the funds take note of this unhedged, debt free, extremely low cost gold producer?

Probably when first gold pour occurs

 

[Kipp]

I never hear any mentions of MOE (moto goldmines) on the ASF. Massive massive gold resources, but still a long way off production, and another problem is that they are in the Congo (not without it's corruption and civil unrest). SP is very volatile swing up from 75c last Dec up to 1.75 now trading about $1.50. Any MOE followers out there? I am a bit hestitant to invest in companies now yet under production (AVO sounds good, but won't start till end of 2006) but I suppose this is a misguided philosophy...

 

[Kipp]

A total newbie question, but do unhedged producers actually receive the spot price for gold? Or s it a similar scenario to manufacturers vs. wholesalers vs. retailers (e.g. Apple dones't get the full $550 paid for an Ipod).

 

[Profitseeker]

Faber says gold price may reach $US6000
Email Print Normal font Large font By Mike Firn and James Poole in Tokyo
April 26, 2006

Advertisement
AdvertisementMARC FABER, who told investors to bail out of US stocks a week before the 1987 Black Monday crash and began recommending commodities at the end of 2001, said gold might rise tenfold in the next 10 years.

"If the Dow Jones [index] goes up three times in the next 10 years, I think gold prices will go up by a minimum 10 times to something like $US6000 an ounce," said Faber, 60, who founded Hong Kong-based Marc Faber Ltd and manages about $US200 million ($268.3 million).

The author of the newsletter The Gloom, Boom & Doom Report said gold wasn't expensive when "you compare its price to the quantity of money that has been printed in the last 10 to 15 years in the US and the world in general".

Gold for immediate delivery rose to $US645.85 an ounce on April 20, its highest in more than 25 years, as hedge funds and other speculators bought commodities to seek greater returns than from stocks and bonds. Former George Soros partner Jim Rogers forecast last week that gold would reach $US1000 an ounce.

The outlook for gold depended on how much money Federal Reserve chairman Ben Bernanke "will print", Mr Faber said in an interview in Tokyo on Monday.

"As you know he has pronounced speeches about asset deflation," Mr Faber said, referring to Dr Bernanke. "He's concerned about real estate and stocks going down, so in the long run for sure he'll print money."

Pension and mutual funds are pumping record amounts of cash into commodities as China's booming economy stokes demand for oil and other raw materials, leading to a three-year boom in prices. The amount of money invested in index-linked commodity funds rose last year by as much as $US30 billion to $US80 billion, according to Barclays Capital. The amount might rise by 38 per cent this year to $US110 billion, the bank said.

Gold for immediate delivery reached a record $US850 in 1980.

Energy and uranium prices would continue to rise on growing Asian demand, Mr Faber said.

"Asian oil demand will double," he said. "We don't know whether that will be in eight or 15 years but for sure it will double and I don't think supplies will be able to match that."

Mr Faber has worked in Asia for more than 30 years. He served as managing director at the Hong Kong unit of Drexel Burnham Lambert from 1978 to 1990.

He did not rule out a big correction in commodity prices.

Still, that would not mean the end of the commodity boom.

"Between December 1974 and August 1976 the price of gold declined from $US195 to $US103," he said. "Then it still went up eight times."

 

[chicken]

I wonder if anyone checked out the SBM report.....ITS LOOKING GOOD...go and read it as 68cents for this stck is still cheap..GOLD is going a lot higher...I read that by the end of the year US$850....now that is not even what Mr M.Faber says...read the article posted before me...Intresting....and also I understand there is another announcement Imminent...could be the NICKEL resources....$1 no brainer...remember what I said on the SBM thread..when it was 11cents...I am holding for a lot more gain....

 

[coyotte]

young trader

re: BMO

this stock seems to have the same problem as most small mining
stocks ie: share dilution 18m to 197m in 5years !!!


cheers
coyotte