Thursday, October 15, 2009

IS THERE STILL TIME TO BUY GOLD STOCKS?





Gold shines for investors
- CNNMoney.com - 13 minutes ago
Gold prices have gained luster as of late and many expect it to keep shining as investors look to hedge themselves against the threat of inflation and a weak U.S. dollar.

 

 
In my humble opinion the gold market seems to be in bubble territory.  Yet the hype is still on to buy gold because of the devaluation of the dollar. The oil producing companies of the world are discussing  getting off the dollar (although they are denying it)  as a world currency. What to do?  I was told to buy gold in the 90's.  But who knew?  The tech sector was on fire and that was where all the traders went. So when the herd goes in one direction, do we follow?  Now gold is hot, just like the techs were. Should we believe gold still has legs to go higher?  I am just angrey at myself for not jumping in sooner.  The old saying is "BETTER LATE THAN NEVER". In the 90's I jumped into silver and made a great profit when I sold.  When it went down, I purchased more.  Then I got stuck when silver declined.The Hunt brothers tried to corner the market and got caught with me owning it.  It has been almost thirty years and I am still not even.   All the analysts say Gold is going higher.  So whom am I to go against them?  Some say, if you must buy gold, buy some puts to protect yourself.  Okay, I am going to dabble a little.  Below are stocks for everyone's budget.  All you have to do is research these.

The following is for your review: 
After researching, please comment on those stocks you like so others can take a look as well. We value your opinion.  HAPPY HUNTING!
 
 
 
Metals
Name
Price
Change
%Change
Aluminum Oct 09
0.73
-0.01
-1.01%
Gold Oct 09
1,049.60
-5.80
-0.55%
Copper Oct 09
2.84
-0.05
-1.70%
Palladium Oct 09
323.10
+1.15
+0.36%
Platinum Oct 09
1,331.60
-14.40
-1.07%
Silver Oct 09
17.68
-0.12
-0.70%
Gold 100 oz. Oct 09
928.40
0.00
0.00%
Silver 5000 oz. Dec 09
13.32
0.00
0.00%



Exchange-Traded Funds (ETFs)
GLD   STREET TRACKS GOLD SHARES
IAU    I SHARES COMEX GOLD TRUEST
SLV    I SHARES SILVER ETF
 


Stocks
ABX
Barrick Gold
AEM
Agnico-Eagle Mines Limited
AGT
Apollo Gold Corporation
AU
AngloGold Ashanti
AUY
Yamana Gold
BAA
Banro Corporation
BGO
Bema Gold
BMD
Birch Resources
BVN
Compañía de Minas Buenaventura S.A.A.
CAU
Canyon Resources Corporation
CBJ
Cambior
CCJ
Cameco
CDE
Coeur d'Alene Mines
CDY
Cardero Resource Corporation
CGR
Claude Resources Inc.
DEZ
Desert Sun Mining Corporation
DROOY
DRDGold
EGI
Birch Resources
EGO
Entree Gold
FCX
Freeport-McMoRan Copper & Gold Inc.
FNXMF.PK
FNX Mining Company Inc.
GBN
Great Basin Gold Ltd.
GFI
Gold Fields Limited
GG
Goldcorp Inc.
GLG
Glamis Gold Limited
GOLD
Randgold Resources Limited
GRS
Gammon Lake Resources Inc
GRZ
Gold Reserve Inc.
GSS
Golden Star Resources Limited
HL
Hecla Mining Company
HMY
Harmony Gold Mining Company
IAG
IAMGOLD Corporation
IMR
IMA Exploration
IVN
Ivanhoe Mines
KGC
Kinross Gold Corporation
KRY
Crystallex International Corporation
LIHRY
Lihir Gold Ltd.
MDG
Meridian Gold Inc.
MGN
Mines Management Inc.
MNG
Miramar Mining
NAK
Norther Dynasty Minerals Ltd.
NEM
Newmont Mining Corporation
NG
NovaGold Resources Inc.
NILSY
Norilsk Nickel
NSU
Nevsun Resources
PAL
North American Palladium
NXG
Northgate Minerals Corporation
OMR
Odyssey Marine
OZN
Orezone Resources Inc.
PMU
Pacific Rim Mining Corp.
PAAS
Pan American Silver Corp.
PD
Phelps Dodge
PDG
Placer Dome
QEE
Queenstake Resources Ltd.
RBY
Rubicon Minerals Corporation
RIC
Richmont Mines
RTP
Rio Tinto Group
RGLD
Royal Gold
SA
Seabridge Gold
SIL
Apex Silver Mines Ltd.
SLW
Silver Wheaton Corp.
SSRI
Silver Standard Resources Ltd.
SWC
Stillwater Mining
TGB
Taseko Mines Ltd.
TRE
Tan Range Exploration
VGZ
Vista Gold Corp.
WTZ
Western Silver Corp.


1 comment:

Anonymous said...

Many thanks for the information, now I will not commit such error.