Steve Nicastro
Contrarian, long only, gold & precious metals, oil & gas

Sandstorm Gold: Does The Recent Pullback Present A Buying Opportunity?

Shares of Sandstorm Gold (NYSEMKT:SAND) have been under pressure lately, mainly due to the price of gold (NYSEARCA:GLD) dropping to $1,220 an ounce, but also due to a negative news release from one of Sandstorm's streaming partners, which I will discuss later on.

First, for investors unfamiliar with the business model of Sandstorm Gold, I will go over it here briefly and touch upon some of the advantages of this business model.

Sandstorm is a gold streaming company - the company finances mines by giving capital to a company looking to build that mine, and in return, Sandstorm receives a gold stream contract which gives them the right to purchase gold at the mine for a...

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