One word: GOLD! BUY GOLD!Gold price up $30+ last night. I...

One word: GOLD! BUY GOLD!

Gold price up $30+ last night. I believe it is trading at new highs now.

The entire sector should re-rate over the coming weeks.

My favourite: CVY - Coventry Resources.

Mkt Cap: low $20mn odd with $8mn off in the bank. Mac Bank largest shareholder on register.
Location: Canada. First world mining province (No resource tax).
Resoruce: 1.2mn oz but expected to firm up 2mn+ oz of gold.

At current inputs (gold price, AUD rate, capex/opex) 5 bagger plus.


Should be a good day across the board. US very resilient last night. Financials will do well too post-budget.