Bullish on gold? You may look to out-of-favor producers like Newmont (NEM) that have been in the...

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David Urban Comments (1034)
 
I agree but Newmont is not one of my favorites right now. I think Barrick, Eldorado, Brigus, and Yamana are better picks.
27 May 2012, 04:18 PM Reply Like

Rupert Nicholson Comments (311)
 
Ray Dalio's buying up gold right now. That's all I need to know. Bullish on gold...
27 May 2012, 06:35 PM Reply Like

Dan Naumov Comments (162)
 
So a P/E of 46 is considered "out of favor" these days? Riiiiight.
27 May 2012, 06:36 PM Reply Like

867046 Comments (399)
 
I look forward to a more general SA article on unpopular gold producers, unpopular metal producers with interest.
27 May 2012, 09:21 PM Reply Like

evildoer Comments (24)
 
I'm feeling the itch on gold and silver. I usually wait until sept-oct to accumulate but I think they are gonna pop in a big way before the historical fall breakout. I could be wrong but who knows anymore with all the manipulation.

QE infinity -> Long gold, silver
28 May 2012, 12:57 AM Reply Like

David Urban Comments (1034)
 
That is the hard part, trying to figure out the bottom.

I expect there to be a washout event in the coming months but if you can handle a 5-7% short-term loss it makes sense.

My biggest problem and concern at this moment is an almost perfect correlation with the S&P which should not be happening.

The valuations for gold and silver stocks right now are very compelling.
28 May 2012, 01:36 PM Reply Like