real-time news and commentary for investors
Friday, Aug 16
More optimism for gold and silver miners, as sentiment shift continues
- A new report from Sterne Agee says the letup in selling of gold and silver should be good for shares in precious metals miners, providing the latest example of the recent shift in analyst sentiment.
- J.P. Morgan, meanwhile, expects gold stocks to rally through the Denver Gold Forum from Sept. 22-25, which given other positives for the metal could spark stronger prices in the run-up to the show.
- Sterne Agee recommends Newmont Mining (NEM), Coeur d'Alene (CDE) and Gold Resource (GORO); J.P. Morgan prefers NEM, Goldcorp (GG), Eldorado (EGO) and NewGold (NGD).
- ETFs: GDX, GDXJ, SIL, GLDX, PSAU, NUGT, DUST, GGGG, RING.