SUGO (Sungro Minerals) .012 be patient and watch for entry low ss and also 15 million funding news pending this can be a great time to accumulate
"It was fun while it lasted, but it looks as though the gold trade is finally unwinding. The precious metal booked a record high close just two days ago, settling at $1,891.90 an ounce on Monday. Today it took a fast and furious 5.6% dive to close at $1,757.30/oz; its biggest single-day drop since March 2008. What's been curious about the recent rush to gold is that gold mining stocks weren't taken along for the ride higher. "There's long been a knock on the miners," says Ryan Detrick of Schaeffer's Investment Research. "Gold is making multi-year highs but the miners aren't."
A simple comparison chart shows spot Gold leading the Market Vectors Gold Miners ETF (GDX) by about 30% on a year-to-date and 1-year basis. But as relative strength in miners improves and the world's favorite safe haven plunges, Detrick says it might be time for "a catch-up buy."
There are many theories as to why the miners have lagged at a time when Gold and gold-linked funds like the SPDR Gold Trust ETF (GLD) have soared. "We're seeing that negative sentiment on gold miners in the options market. Analysts are wishy washy...by no means are analysts extremely bullish on miners. So there's contrarian thinking there," says Detrick. He points to Royal Gold (RGLD) as a favorite.
Even if gold continues to fall, the extracti0n cost for miners to get it out of the ground is well below what most pundits see as a possible downside target or support for gold, perhaps as low as a few hundred dollars an ounce. What that means is that profits and margins for the miners might take a hit, but they are still very secure.
"One thing we like on the GDX is that it just broke above that 0% year-to-date return level. We've done some studies...that's a positive," Detrick concludes.
If you're not convinced enough to chase gold, perhaps you'd be more comfortable joining in on the recovery of silver prices, which Detrick thinks will outperform gold. He says investors can simply play this through the iShares Silver Trust ETF (SLV). "We are in the camp that silver is a safe haven and should break out to new highs," he says.
http://finance.yahoo.com/
LDPP .0035 this stock recently released 10Q and shows value to this low price stock , according to the 10Q this stock should be trading alot higher , I am a firm believer buying a stock when no one is watching , scroll down and we have full DD on stock
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