Pescod:

WEST TIMMINS MINING (T-WTM) $1.67 -0.05

Rodney Dangerfield...oops...make that Darin Wagner of West Timmins Mining is asked, where does he think gold will be and give us a couple of stock picks just in case stories he is following out of the Timmins area might be different from those elsewhere and we tell him that we are looking for doubles of course.

The amazing thing is that there have been lots of doubles over the last six months—mind you, from record low levels. As far as gold, Darin suggests he “wouldn’t be surprised to see a pullback in gold over the next couple of weeks, but by Christmas, he expects gold to be in the $1025-$1050 range and beyond that, it’s crystal ball gazing, but he thinks steady in the $1000-$1100 range based on a weak U.S. currency and a rebounding re-source market.”

As far as stocks that he is following, he is emphasizing Canadian high-grade gold stories with names like Queenston Mining (QMI) and San Gold (SGR) being amongst his favorites. He suggests both have potential to evolve into something larger. He is also a fan of the Platinum Group Metals (PLG), with a 7 million ounce PGE resource on the Bushveld in South Africa and he suggests has a market cap of under 200 million and he says, “it’s a screaming buy.” Needless to say, South Africa has its risks.

Another name he mentions that we’ve never heard of is Auex Ventures (XAU) and he suggests it’s a great play down in Nevada that he feels is “grossly underappreciated.”