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« Yamana Gold: Making a Recovery | Main | Gold: Short Term Uptrend Being Formed »
Tuesday
Jul102007

Kinross Gold Corporation: Continues To Rise

One should never have favourite stocks, but if we did Kinross would be pretty near the top of the list.

Kinross Gold Continues To Rise

We gave a “Add to Holdings” signal on Kinross just over a week ago and since then it has rallied over 13%, up from $11.66 where we gave our signal, to $13.19, a rise of $1.53 per share.

As it has risen for about half a dozen continuous trading session, we would expect to see some profit taking now, and perhaps Kinross will come back a little.

There are still lots of rumours that Kinross might somehow be involved in the Meridian deal, but we will not speculate on mere rumours as we are investors and prefer to place our hard earned cash on solid fundamentals and technical analysis, rather than the whispers of the stock market community.

Kinross Gold has projects in a variety of areas of the globe but the key aspect is that they do not have any projects in politically unstable areas. At present Kinross has projects in the USA, Canada, Chile, Russia and Brazil.

We are still holding Kinross Gold shares in anticipation of it doing extremely well in the next leg up of the gold bull market. Kinross is still a BUY in our portfolio of gold stocks, showing a gain of over 37% since we first made an investment.

The stock trades under the symbol KGC on the NYSE and on the TSX under K.

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