Globe and Mail
By DAVE EBNER
Wednesday, September 26, 2001 – Print Edition, Page B14
A case for gold: "There is still significant potential in holding gold shares in the coming weeks," argues Barry Cooper, an analyst at CIBC World Markets Inc. in Toronto. In a note to clients this week, Mr. Cooper said gold stocks perform well in weak markets. More specifically, he looked at the fall of 1998, when the markets crumbled under the weight of several international financial crises. During that time, gold stocks soared 80 per cent. "While we would not expect the gold equities to perform as well as they did in 1998 when they were coming off of yearly lows, we believe that once the broader market stabilizes, there will be a move toward gold shares as a diversification strategy," Mr. Cooper wrote. He recommended companies that are more leveraged to the price of bullion. Among large-capitalization companies, Mr. Cooper picked Newmont Mining Corp. (NEM-NYSE) of Denver and Placer Dome Inc. (PDG-TSE; PDG-NYSE) of Vancouver. Both are rated "strong buy."
Most Recent Trades
Time Price Change #Shares Buyer Seller
15:50 0.60 0.00 500 79 CIBC 80 National Bank
15:50 0.60 0.00 1,000 79 CIBC 89 Raymond James
15:50 0.61 0.01 3,500 79 CIBC 80 National Bank
14:30 0.60 0.00 3,500 9 Nesbitt 80 National Bank
13:08 0.57 -0.03 500 89 Raymond James 7 Green Line
CIBC main buyer of CRJ today.
Update coming soon on Madsen property. |
