Re: Diversifying - Kinross, Goldcorp - what else?
in response to
by
posted on
Apr 21, 2009 06:23PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Hi Cedertree, I've been looking for other gold stocks as well. Here are the ones that I have looked at, Barrick, Agnico Eagle, Aurizon, Eldorado, Gold Corp, Great Basin, Lake shore, Osisko, San Gold, Yamana, New Gold, Premier Gold, Queenstone, Rainy River, West Timmins Minning, Royal Gold and Franco Nevada.
This is a mix of producers and explorers. I will be looking at picking up a few gold shares late this week, but I'll only be keeping them for about a month. My plan will be to pick them up again this fall. I don't know if you follow market cycles, but the HUI has a cycle low sometime this fall.
I would also be careful holding the banks, I subscribe to Bob Hoye and last night they sent some charts on the banks and said "US and Canadian financial stocks have registered the first weekly overbought readings in over ten months and are now losing upside momentum. Last weeks highs should provide important resistance in the coming weeks. More than 40%of all indices and stocks we monitor registered similar excesses in the past week."