Hemant, OT
Take a look at AEM. Cash costs are up this quarter because they are cleaning up a deposit to be closed but their cash costs will be around $100/oz when the new production comes on line soon.
Suggest going into gold stocks in steps, I don't know where the bottom is (IMHO, 268 or so)
but there is one somewhere!
biz.yahoo.com
Disclosure, I bought today at 5 3/8, 8 for 10 profitable trades on this one in the last 15 months, best gain about 40%. If I would be more patient, it would have been 10 for 10. Then again, with the gold stocks the last few years, patience is NOT a virtue.
BTW, if gold ever does become other than a relic again (say 330 plus and stay for awhile!), the chart on this would go to the low 20's.
No guarantees, just my opinions and experience.
PS, like Heinz, I also like NEM, BMG, PDG and HM in that order. I also agree they move contrary to the market, but not always closely.
Best of luck,
Roebear |
