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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: rubbersoul who wrote (131627)	9/24/2008 6:25:50 PM
From: UPTICK	Read Replies (1) \| Respond to of 312816

I tend to believe those predictions and I am bying/trading accordingly: Sept 23 (Reuters) - Genuity Capital initiated coverage of 11 Canadian gold producers, saying it expects gold equities to have a 31 percent return over the next 12 months. "Continued deleveraging and unwinding of the shortdollar/long commodities trade represent the strongest headwindfor gold over the near term," said analyst Tony Lesiak in anote to clients. Among senior gold producers, Lesiak said his top picks wereBarrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz), the world's largest gold producer,and Goldcorp (G.TO: Quote, Profile, Research, Stock Buzz), while Yamana Gold Inc (YRI.TO: Quote, Profile, Research, Stock Buzz), NorthgateMinerals Corp (NGX.TO: Quote, Profile, Research, Stock Buzz) and Iamgold Corp (IMG.TO: Quote, Profile, Research, Stock Buzz) were his toppicks among the intermediate gold producers. "Gold's role as a safe haven against geo-political andfinancial risk was recently displayed during the U.S. financialcrisis. Strong physical gold demand has also returned," saidLesiak. "The recent collapse in gold equity valuations has beenmore severe than expected, given the historic leverage to gold,with many producers now trading at historically low valuationmultiples," he said. The following are the ratings and price targets by Genuityon the Canadian Gold Stocks: (figuresin C$)Company Name Rating Price Target Share Price*Barrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz) Buy 54.00 39.61Goldcorp (G.TO: Quote, Profile, Research, Stock Buzz) Buy 48.00 37.89Kinross Gold Corp (K.TO: Quote, Profile, Research, Stock Buzz) Buy 22.00 18.36Agnico-Eagle Mines Ltd (AEM.TO: Quote, Profile, Research, Stock Buzz) Hold 75.00 68.32Alamos Gold Inc (AGI.TO: Quote, Profile, Research, Stock Buzz) Hold 7.00 7.49Eldorado Gold Corp Ltd (ELD.TO: Quote, Profile, Research, Stock Buzz) Hold 9.00 8.00Gammon Gold Inc (GAM.TO: Quote, Profile, Research, Stock Buzz) Hold 9.50 9.10Golden Star Resources Ltd (GSC.TO: Quote, Profile, Research, Stock Buzz) Hold 2.00 1.81Iamgold Corp (IMG.TO: Quote, Profile, Research, Stock Buzz) Buy 9.50 6.35Northgate Minerals Corp (NGX.TO: Quote, Profile, Research, Stock Buzz) Buy 2.75 1.67Yamana Gold Inc (YRI.TO: Quote, Profile, Research, Stock Buzz) Buy 14.50 P.S. Sorry for the format I couldn't fix it...but I agree with the thesis...