Gold has been taking a beaten for the past two days and I am getting ready to jump into some of the stocks that have been beaten down. I did increase my position in Torex Gold-TXG.to at $1.28 today. I currently have my finger on the buy button on some of the stocks I have listed below. A lot of gold stocks appear oversold and we should see a nice bounce back up next week. Lakeshore Gold -LSG.to has been beaten down and at current prices I would say is a great buying opportunity.
NOTE: Please be aware we could still see further down side in these gold stocks if gold weakens further. Longer term we will see much higher gold prices.
It still "BOGGLES MY MIND" that investors are going to the safety of the U.S Dollar. This is actually what they are doing: http://www.youtube.com/watch?v=TUiqd1YXZaQ&feature=related
These are the BEATEN DOWN stocks I am watching today. These companies listed here are either producers or they have excellent projects with multi-million oz. gold deposits. I am sure by the end of the year we will see a higher gold price and these stocks will be trading much higher from today's prices. I still believe gold will touch $2000 by year end. Gold stocks still haven't participated with the big move we have seen in gold. I believe we will see big moves in some of these companies by the end of the year.
GREAT BASIN GOLD -GBG.TO - $1.85 - ONE OF THE CHEAPEST GOLD PRODUCERS OUT THERE.
AURICO GOLD- AUQ.TO $10.00 - GROWING PRODUCTION- SHOULD BOUNCE BACK UP NICELY AS GOLD HEADS HIGHER.
COLOSSUS MINERALS- CSI.TO $5.83- CHEAP, CHEAP, HIGH GRADE- ANOTHER TAKE OVER TARGET.
ELDORADO GOLD- ELD.TO $18.00 - IT'S A PRODUCER, SHOULD MOVE BACK UP ABOVE $20.00 AGAIN.
CANACO RESOURCES -CAN.V $2.18 -BIG DRILL PROGRAM- A RESOURCE WILL BE OUT IN THE NEW YEAR. WILL BUY AGGRESSIVELY UNDER $2.00.
MY BIGGEST POSITION -OSISKO MINING -OSK.TO -$13.64 -UNDER $13.00 I WILL BE INCREASING MY POSITION.
EXTORRE GOLD- XG.TO $7.78 - LOOKING CHEAP HERE! NEWS OUT SOON, COULD PUSH THE STOCK HIGHER.
ARGONAUT GOLD- AR.TO $5.51 - IT'S A BNN FAVOURITE - I LIKE THE CHART ON THIS ONE.
RUBICON MINERALS -RMX.TO - $3.85 - WILL BE TAKE OUT, NOT IF? BUT WHEN? WILL BUY AGGRESSIVELY AT $3.50
PERSEUS MINING- PRU.TO $3.27 - THE STOCK IS DOWN FROM IT'S HIGHS- IT'S A TAKE OVER TARGET AND PRODUCTION HAS STARTED. WILL BUY AGGRESSIVELY UNDER $3.00.
PLEASE DO YOUR DUE DILIGENCE.
MORE UPDATES COMING: I WILL ALSO BE MENTIONING A FEW COMPANIES THAT I MET AT THE GOLD SHOW -CAMBRIDGE HOUSE SHOW-. YOU MIGHT WANT TO KEEP THEM ON YOUR WATCH LIST.
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