Time for Gold?

   With the market whipsawing there has been one sector that has really taken a hammering of late - gold. Lots of gold stocks are nearing long term lows and appear to be oversold, by the fact that both the US & Au dollar gold prices have not really been sold off to the same extent.
Some stocks to keep an eye on - 
Croesus CRS - yearly lows, oversold at 35c
Newmont NEM - oversold on mild underperformance for the quarter
Gallery Gold GGN - not so oversold but good buying at 35c
Newcrest NCM - come off recent highs
Bendigo BDG - will start mining gold sooner than expected $1.00
Lihir LHG - costs under control, higher output predicted bargain at $1.00
Lion Selection LSG - buy a bundle of gold stocks with one company $1.70
Oxiana OXR - 85c
Others include EQI, DIO, SBM (see what they do with Sons Of Gwalia gold mines?) BGF, HIG
And a long shot with good exploration prospects, DeGrey mining @ 26c 
Technicals show the long term US gold price is approaching the low for this multi-month cycle, forming a wedge. Wait to see if it breaks to the upside?.

Edited by Cobra

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Cobra Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 08 Nov 2004 Location: Australia Posts: 76	Post Options Post Reply Quote Cobra Report Post Quote Reply Topic: Time for Gold? Posted: 03 May 2005 at 11:59pm
	With the market whipsawing there has been one sector that has really taken a hammering of late - gold. Lots of gold stocks are nearing long term lows and appear to be oversold, by the fact that both the US & Au dollar gold prices have not really been sold off to the same extent. Some stocks to keep an eye on - Croesus CRS - yearly lows, oversold at 35c Newmont NEM - oversold on mild underperformance for the quarter Gallery Gold GGN - not so oversold but good buying at 35c Newcrest NCM - come off recent highs Bendigo BDG - will start mining gold sooner than expected $1.00 Lihir LHG - costs under control, higher output predicted bargain at $1.00 Lion Selection LSG - buy a bundle of gold stocks with one company $1.70 Oxiana OXR - 85c Others include EQI, DIO, SBM (see what they do with Sons Of Gwalia gold mines?) BGF, HIG And a long shot with good exploration prospects, DeGrey mining @ 26c Technicals show the long term US gold price is approaching the low for this multi-month cycle, forming a wedge. Wait to see if it breaks to the upside?. Edited by Cobra
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Owen Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 15 Nov 2004 Posts: 97	Post Options Post Reply Quote Owen Report Post Quote Reply Posted: 04 May 2005 at 11:02pm
	Cobra, how come Lafayette (LAF) is not on your list?

Cobra Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 08 Nov 2004 Location: Australia Posts: 76	Post Options Post Reply Quote Cobra Report Post Quote Reply Posted: 05 May 2005 at 7:51am
	It is, sort of . Lion Selection group has a stake in the following companies - Allegiance Mining AGM Australia � nickel 13.0 6.1 5.3 Austindo Resources ARX Indonesia/Aust � gold 12.6 4.0 3.7 De Grey Mining DEG Australia � gold 6.6 2.4 2.1 Exco Resources EXS Australia � copper/gold 9.9 2.9 1.9 Gallery Gold GGN Botswana/Tanzania � gold 21.9 21.7 45.5 Havilah Resources HAV Australia � gold/base metals 19.4 2.4 15.3 Indophil Resources IRN Philippines � copper/gold 28.8 11.6 31.8 Lafayette Mining LAF Philippines � gold/base metals 21.3 10.1 25.6 Leviathan Resources LVR Australia � gold 16.6 10.8 13.4 Sedimentary Holdings SED Australia � gold 23.7 8.1 16.0 View Resources VRE Australia � gold/nickel 16.1 5.5 4.6 Westonia Mines WEZ Australia � gold 36.6 5.0 5.9 Bound to miss a few companies. What are you buying these day's?
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Cobra Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 08 Nov 2004 Location: Australia Posts: 76	Post Options Post Reply Quote Cobra Report Post Quote Reply Posted: 24 May 2005 at 4:17pm
	One stock showing unusual activity lately is Lihir. Up 4c to 1.08 today on higher than usual volume. Lihir is scheduled to mine richer lodes over the next few months, the geothermal power plant is due for commissioning cutting costs. It has been in a tight trading band the last few weeks, and depending on the direction of the gold price, may be about to move. The trading action between buyers & sellers shows something bigger may be happening also. Could be a surprise takeover target, with Rio a willing seller at the right price?.
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Cobra Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 08 Nov 2004 Location: Australia Posts: 76	Post Options Post Reply Quote Cobra Report Post Quote Reply Posted: 13 Jul 2005 at 2:05am
	An update on Lihir LHG and gold stocks generally. Since the first post LHG has had an impressive run up to $1.28 as of today, and looks to have further to run, as indicated by overnight action in the US (LIHRY). Croesus CRS - 40.5 - re-rating due to new resources Newmont NEM - ho hum, no action here yet Gallery Gold GGN - ditto Newcrest NCM - impressive rally from 13.30 to 16.72 - time to take profits Bendigo BDG - signs of life at 1.10 Lihir LHG - bargain at $1.00 - 27% return Lion Selection LSG - ? Oxiana OXR - 85c - re-rated to 92c St Barbara - SBM - slowly overcoming overhead of out of the money stock holders above 11c. A struggle up to 20c DeGrey DEG - my preferred long shot with encouraging drilling lately, buy on dips to low 20's?
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Cobra Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 08 Nov 2004 Location: Australia Posts: 76	Post Options Post Reply Quote Cobra Report Post Quote Reply Posted: 09 Apr 2006 at 11:28pm
	Another update on Lihir LHG and gold stocks generally. Since the first post LHG has had an impressive run up to $2.93 Croesus CRS - what a dud! Newmont NEM - peaked @ $8.20 Gallery Gold GGN - taken over @ prices above 50c Newcrest NCM - brilliant Bendigo BDG - peaked @ 2.60, lots more upside potential with production scheduled to commence @ 100k per year and possible takeover target Lihir LHG - recommended at $1.00 - now $2.84 Lion Selection LSG - now $2.18 on the move Oxiana OXR - recommended @ 85c - now @ $2.77 St Barbara - SBM - a star performer with more to come now 0.645 DeGrey DEG - still a long shot, recently been to 15c now 19c & solid support Ballarat - another hot junior Sipa - in partnership with Newmont, may have some surprises soon Strategy - wait for (general) market correction & accumulate gold stocks on pullback. Gold bull is now entering stage 2 of 3. Any other promising juniors??
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