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« GOLD STOCKS: Are you enjoying today? | Main | GOLD: A dent in the sentiment! »
Friday
Oct132006

GOLD STOCKS: Update as of 13 October 2006

The webs only free portfolio of gold stocks provides a quick update of our investments to date:


AEM $31.10 BUY
AUY $8.75 BUY
BGO $4.48 BUY
CBJ SOLD (For a 36% profit in 12 weeks)
GSS $2.75 BUY

HL $5.36 BUY
KGC $11.51 BUY
SLGLF $0.052 HOLD
TGB $2.18 BUY
USGL $4.10 HOLD

Silverado and US Gold Corporation have disappointed so far but they are the ‘gambling’ element of our portfolio. Maybe there is a lesson to be learned from this.

We regard the other miners as companies of reasonable substance, well-managed, sound operators with a bright future.

We are also entering the results season with announcements coming through on an almost daily basis and we expect these results to be well received. This will add to the validity for making an investment into these producers.

As for gold prices, we see it holding where it is, until the elections are behind us. No government wants to go into an election with the boat rocking around as though it is being managed by a bunch of drunken sailors. We can expect the Plunge Protection Team to hold a steady line until then. At what cost we hate to think.

13 October 2006

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