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Thursday
Jul242008
Gold Stocks: BUY! BUY! BUY!
Thursday, July 24, 2008 at 03:45PM
This is just a quick note to inform our readers that we have bought the following positions in today's trading, and we are giving BUY signals on the same securities:
We have bought more stock in Agnico Eagle Mines, AEM, at US$59.17, more than doubling our position in the company.
We have bought more stock in Kinross Gold Corp, KGC, at US$18.28, doubling our position in the stock.
We have also bought Call Options in Kinross Gold Corp. We have bought a significant amount of Jan09 contracts with a $20.00 strike price, for an average price of US$2.50.
In addition to this we have bought calls on Yamana Gold Corp, AUY. The contracts are for January 2009 with a US$12.5 strike price and we bought for an average price of US$2.25.
We are signalling BUY on all the above at these prices.
More details of these transactions will follow, this is just a note to tell our readers what we have bought, before the market closes.
We believe this to be a great buying opportunity in gold stocks.
We have bought more stock in Agnico Eagle Mines, AEM, at US$59.17, more than doubling our position in the company.
We have bought more stock in Kinross Gold Corp, KGC, at US$18.28, doubling our position in the stock.
We have also bought Call Options in Kinross Gold Corp. We have bought a significant amount of Jan09 contracts with a $20.00 strike price, for an average price of US$2.50.
In addition to this we have bought calls on Yamana Gold Corp, AUY. The contracts are for January 2009 with a US$12.5 strike price and we bought for an average price of US$2.25.
We are signalling BUY on all the above at these prices.
More details of these transactions will follow, this is just a note to tell our readers what we have bought, before the market closes.
We believe this to be a great buying opportunity in gold stocks.
Reader Comments (5)
aem missed their guidance & costs are way up on new mine(laronde) are supposed to cut future profits and you are still bullish??
" this is just a note to tell our readers what we have bought, before the market closes."
Huh? I never get your letter on the day you "send" it. I always get it next day.
What's up?
dwjonesfvr,
Yes we are still bullish and will write it up shortly.
Jim,
AEM is cheaper now than when we bought it so you have lost nothing. The distribution system that we use is Feedburner and they only send out the letter every 24 hours regardless of when we write.
VHGI potential stock dividend. Company may sell off healthcare assets to WNDM to concentrate on Gold Business; numbers work out as follows:WNDM closed at $2.17 per share on 12/1/09 and VHGI closed at $0.185 per share on 12/1/09.Under the current capitalization structure it would equate to roughly 8 shares of WNDM for every 100 shares of VHGI owned by our shareholders. If completed, VHGI intends to distribute the WNDM stock to its shareholders as a dividend in 2010, subject to completion and effectiveness of a re-sale registration statement. http://finance.yahoo.com/news/OTCBBWNDM-Announces-LOI-to-prnews-2117030867.html?x=0&.v=1