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Miners

Wesdome Gold MinesIn the precious metals mining industry a large part of equity prices reflect the price of gold and silver. But in this herd of mismanaged elephants and lottery tickets, there exists a few properly managed nuggets that are hidden in the piles of wasted ore. Wesdome is one of those companies. When the gold market really takes off investors will eventually realize this (many already have), and as hot money rolls into mining companies, outfits like Wesdome can be easily overlooked against the larger cap majors. But eventually the smart money finds the well managed companies. This is a long-term hold. Much like Kirkland Lake was a couple of years ago. Watch it shine with Gold and expect a healthy return in the medium term. (assuming banksters don't smash gold).
TSX:WDOLong
by risk1911
Time for a pirate adventure!Ever dream of being part of a swashbuckling pirate adventure in the search for the 'X' on the map? I have an inkling that this year marks the day where we could get lucky. I've marked the initial 'X' on this map but there could be much greater treasures to find for the courageous. Look to the traditional treasures this year, silver, gold, miner's and a fortune might be found. Trade safe. (On a technical note, observe silver's explosion in volume and RSI strength. It appears to be at least a weekly candle degree move to this pirate, possibly even monthly).
AMEX:SLVLong
by supere
3
Yamana Gold outlook still strong after guidance updateGold stocks are expensive right now due to the extremely high price of gold. One of the more affordable stocks is Yamana Gold, which has been in a long-term downtrend until it broke trendline resistance a couple days ago. Last week I reported on an upgrade of Yamana's productivity guidance. That guidance upgrade turned out to be a little too optimistic, and yesterday Yamana moderated it somewhat. However, the outlook for Yamana still looks good. Production at the Minera Florida mine is returning to normal after interruptions due to labor disputes, and production at the Jacobina mine is increasing and expected to continue to increase for the next three years. The Chapada mine--which has been a bit of a drag on the company's bottom line--beat records for productivity this year, and the company just sold it for $800 million. With rising productivity and a history of earnings beats, this looks like one of the stronger gold plays in the market right now. Yamana should get some analyst upgrades in the coming months, providing further upside catalysts. Unless gold prices suddenly collapse, I suspect that AUY will hold above the trendline.
ALong
by ChristopherCarrollSmith
A big year ahead for gold minersGood day folks, This is a comparison I made based on my GLD forecast for the next 12 months. I expect GLD to rise by 5 to 10% before year end. I calculated a few ratios and it appears that GDX moves exponentially with gold price (not a discovery I know). Basically, I wasn’t unable to use a distinct ratio, so I just compared their corresponding prices at the corresponding time. I concluded that if GLD was raising by approx. 5-10% to my price target of 128 to 134.5, GDX would rise from 26.5 to 28. This is an upside potential of approximately 29 to 37% on the current price! I am long. Thank you,
AMEX:GDXLong
by tipere445
ABN:TSXV - Aben Resources: tested support at $0.24 and trendlineABN:TSXV - Aben Resources: a test of support at $0.24 which proved resistance previously, held the up-trending line drawn a few weeks ago now. Watching for the bulls to step up and set a higher daily high after the last 6 sessions have seen lower daily highs, $0.255 is the level to watch. Gold spot prices are breaking back out above $1400USD after a week of consolidation, this could help full the miner/explorers higher than previous years, and could also see some first drill results coming in the next couple weeks which fuel continued upward momentum, last year gold spot prices pulled in heavily in the middle of July, which fuelled a correction in ABN's share price, this year with gold prices strong I'd anticipate a different trend/pattern to form. #GOLD #goldentriangle $ABN.V Near term Catalysts: Drilling commenced on June 10, nearly a month earlier than last year, this drilling season is working on last years very promising finds that propelled the stock up 100%+ up near 50c. This drilling season should see similar results and will be reflected in the stock price the golden triangle is proving to be very position for gold exploration and with the price of gold testing multi-year highs these could be very profitable and gain lots of attention. TSXV:ABN
ALong
by justin_paul
1
GLDN:TSXV - Golden Ridge Resources: trend-line test, curling upGLDN:TSXV - Golden Ridge Resources: a slight equilibrium pattern setting up after the recent high of $0.195 was set back on June 24, and so far $0.165 & $0.17 have shown their support while $0.185 has been resistance. The daily and weekly charts have had great consolidation on the move up. Gold spot prices are breaking back out above $1400USD after a week of consolidation, this could help fuel the miner/explorers higher than previous years. Could also see some first drill results coming in the next couple weeks which, may fuel continued upward momentum, last year gold spot prices pulled in heavily in the middle of July, which fuelled a correction in GLDN's share price, this year with gold prices strong I'd anticipate a different trend/pattern to form. #GOLD #goldentriangle $GLDN.V Near term Catalysts: Drilling commenced on June 14, nearly a month earlier than last year, this drilling season is working on last years very promising finds that propelled the stock up 200% into the 50c range. This drilling season should see similar results and will be reflected in the stock price, the land they own was previously Barrick Gold's which sat un-explored for 20 years. Speculatively, In the future this could be bought back. TSXV:GLDN
TSXV:GLDNLong
by justin_paul