Investors mull Miranda Gold; Playfair tops range

Posters on the Miranda Gold (TSX: V.MAD, Bullboards) board have been debating the effects of the current credit crisis on the stock performance of junior gold companies for the last few weeks. jonesrj looked at the question of operating costs for gold miners in the U.S. versus Canada, and did to come to the conclusion that when the U.S. dollar sinks, costs for other countries to do business in the U.S. also go down. rule supported that notion, and stated that constrains U.S. operator's costs relative to producers in jurisdictions with healthy currencies." bot_feeder is a third who voiced agreement, and then added a note in reference to mineral "," in which the poster stated "cost of production there is going to go higher." And this was posted about 20 days before the Galore Creek news hit the wires. But a dissenting opinion - or at least a moderating opinion - came from Bobb999, who reminded investors that when it comes to a tanking U.S. dollar, "it's more of a mixed bag" because of . argaiv also contributed some general in the space. The poster says: "I tell you one thing these juniors do some slow painstaking work to make a discovery, and the shareholders have to learn patience whether we like it or not." Investors on the Bullboard are taking solace in the fact that many newsletter writers, including Lawrence Roulston, Doug Casey, Paul Van Eeden and Adrian Day, all have buy recommendations on the stock. Visit the V.MAD board to learn more. This company was recommended by the Coffin brothers at the Resource Investment Conference in Toronto last month, and now it looks like Playfair Mining (TSX: V.PLY, Bullboards) is building some momentum. A series of steady peaks and valleys on the daily chart corresponds with a growing positive divergence in the MACD, and now growing volume on the current peak near 80 cents could be pushing the stock out of the range once and (hopefully, for the sake of longs) for all. The long-term uptrend on the weekly chart that began in January 2006 is still in place and could be coming off support. A poster called lanaar2, self-proclaimed "new to this board," made a strong entry with a post about tungsten as it relates to . It took five days for the stock to go from about 55 cents to 83 cents, and some investors on the Bullboard, like bus7 and smartin5493, claimed to have sold at the high point. This indeed constitutes the top of the recent range, if the price continues to stick to the range... the question is, will it? Sternsnet observed that "there must be some news coming." The poster argued that because the is "overdue" and the stock has shown similar uptrends right before news releases in the past, it may mean news is forthcoming this time too. If you like subscribe to the old saw "buy high sell higher," it might be a good time to visit the V.PLY board. And if you like to trade range-bound stocks, it might also be a good time to visit the V.PLY board. Make contact! Report interesting posts and boards by contacting Buzz on the Boards at robert.arber@stockgroup.com.