wake up, gold gold!, page-2

just got the update of the recommandation.......guess what stock is in it...........mmm


Those stocks and many others are now on support and we would suggest that this is a good time to initiate or increase exposure.

We reviewed the components of the Macquarie Gold Producers Index and looked for some opportunities. We have highlighted this index before - it consists of 16 stocks which broadly meet the following criteria; is an Australian gold producer; has its primary listing on ASX; has a market capitalisation in excess of AUD50m; or has sustainable production in excess of 50,000oz gold per annum.


Of the stocks in that index we find that three of the smaller stocks have come back to excellent support and are, we believe, low risk at current levels.

Those three are Agincourt Resources (AGC), Legend Mining (LEG) and Resolute Mining (RSG). The heavyweight of the sector, Newcrest (NCM) after falling 24% is now also back on a significant support level – it doesn’t as yet have the positive profile of the others, but downside appears limited