What is up—the Dow Jones Industrial Average and Standard & Poor's 500—will come down and what is down—gold equities—will go up fast, predicts the ultimate contrarian investor, Bob Moriarty. In this interview with The Gold Report, the president of 321 Gold proclaims that while all gold stocks are cheap right now, he talks about some favorites that he expects to jump when the junior market turns. Those who turn their back on the market over the summer just might lose their best chance to get in at historic lows.
Articles Tagged "Gold Stocks"
The Financial Post reported that the recent slide in gold prices could mean serious trouble for many global miners, who may be forced to take dramatic action in the face of such a price drop.
Mining Weekly reported that Rambler Metals and Mining on Wednesday posted a maiden quarterly profit of $2 million in its first full quarter of production at the Ming mine in Baie Verte.
Mining Weekly reported that AuRico Gold Inc.'s (TSX:AUQ,NYSE:AUQ) stock price took a tumble the day after financial results revealed that the company lost a net amount of $7.4 million in Q4. The loss has mostly been attributed to an impairment charge for the company's El Chanate mine.
The Financial Post reported that Barrick Gold is actively seeking the successor to founder and Chairman Peter Munk, and is indicating that they are leaning towards his co-Chairman, John Thornton.
Mining Weekly reported that Kyrgyzstan has given Centerra Gold a deadline in three months to amend their deal for the Kumtor mine, accusing them of causing environmental damage and underpayment. As quoted in the market report:
Mining Weekly reported that Kinross Gold's fourth quarter results showed multi billion dollar net loss related to their write down of the Tasiast mine.
Forbes reported that gold prices are losing their momentum, which could spell trouble for Goldcorp.
The Financial Post reported that Kirkland Lake's stock took a nosedive on Thursday, on the heels of poor quarterly results and a production forecast cut.
Mining Weekly reported that Ghana miner PMI has moved up to trade on the main board at the TSX.