Stock Ideas
Investors Daily Edge
Gold prices will soar. | It looks like Synergx systems out of New York, selling for around 2 bucks, is heating up here, on pretty decent volume (solid for this stock). It’s got a very low float, so this could, of course, be very volatile going forward. | |
| More... |
| Gold prices will soar. |
| Friday, 11 July 2008 | ||||||||
|
Agnico-Eagle Mines (AEM:NYSE) Printing & Bailing R Us -- that's the new name for the Federal Reserve. As they ramp up the presses and bail out the banks, one thing is for sure: Gold prices will soar. The fact is, money supply is expanding at a hyperinflationary rate while credit is shrinking. ![]()
This is a toxic cocktail for exploding gold prices. One stock sure to be shaken, not stirred, is Agnico-Eagle Mines (AEM:NYSE). This Canadian mining company is sitting in the sweet spot with five new mines coming online this year alone. Its 2008 projections are expected to grow by 50%. And it pays a dividend every year. AEM also operates in a safe place -- Quebec. It's tough to find a gold company with production growing this rapidly and with very low cash costs of $200 per ounce. The fundamental story is there, and as gold prices head back over $1,000, AEM will shine. Sally Limantour Editor, Taipan
|
||||||||
| < Prev | Next > |
|---|