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Favorite Gold Stock

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Favorite Gold Stock : Ideas, Opinions, Commentary

 

A rally is coming - a Major low should be in place before the end of July

 

Here's why - a chart // THINK : Reverse Head-and-Shoulders //

GDX-Gold Miners : All-data : 4-years : 6-mos : 10-days (Below, as of; 9 May 2014 ) :

 

big_zpse08de45d.gif

 

Let's share our ideas here, about Favorite Gold stocks

 

=== ===

 

Also welcome are Links to other websites discussing or charting gold stocks, such as:

 

0gslogo.gif :: Goldstock.co.uk :: GoldEdge.Wordpress.com

Other Gold Chart Sites :

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Want Mega-leverage? (And also mucho risk) ?

 

Try this :

NUGT : the 3X Bull etf on Gold stocks ... update

NUGT_zps6662a5be.gif

 

** DANGER ** : if the market CHOPS up and down, NUGT will slide relative to GDX

 

Example / Ratio chart : NUGT-to-GDX

 

AB_zpsb41b7f08.png

 

Index : 06/28/13 : 12/31/13 : 03/31/14 : 05/09/14
====
Nugt : =: $58.60 : =: $ 27.41 : =: $34.65 : =: $34.50 :
GDX : =: $24.49 : =: $ 21.13 : =: $23.61 : =: $23.73 :
R-gdx =: 239.3% : =: 129.7% : =: 146.8% : =: 145.3% :
GLD : = $119.11 : = $116.12 : = $123.61 : = $124.10 :
R-gld: =: 49.20% : =:
UGL : =: $44.63 : =: $41.26 : =: $46.34 : =: $46.64 :
R-gld: =:
ugld : =: $15.00 : =: $ 12.86 : =: $15.26 : =: $15.37 :
R-gld: =:
====
Note: Intraday Extremes
GLD made a double bottom in June ($114.68) and Dec ($114.46), meantime:
GDX made a lower bottom in-- June ($22.50) and Dec ($20.52) - 8.80%, and
Nugt got hammered more : -- June ($46.50) and Dec ($25.25) -45.70%
UGL made a lower bottom in : June ($ 44.63) and Dec ($ 40.09) -10.17%
Ugld slid down more : ------June ($ 13.50) and Dec ($ 12.29) - 8.96%

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Here's a "cheap" Gold stock with loads of upside

 

IAG / Iamgold ... Update-4-years : 6mos : 10-days // IAG-vs-GDX

 

IAG_zps4688e41c.gif

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MAJOR GOLD LOW - is it already in place ?

(if so, the big move may come off the "inverted right shoulder"):

 

GLD / etf for gold - 1 year chart : 6-mos : 10-days // UGL(2x)-6mos : UGLD(3x)-6mos

GLD-2yr_zps37908f43.gif

 

Note: GLD rallied from $114.46 to $133.69 - a 50% retracement of that is $124.08.

 

/ Here's what Hulbert Digest wrote back in Feb. 2014 /

 

Gold Is Up 12%: Has A New Bull Market Begun?
Chart watchers see a positive pattern, but sentiment indicators are pointing the wrong way.
February 25, 2014

Is it premature to declare that gold's bear market is finally over?

It certainly looks that way to some chartists, who are making a big deal of gold's double-bottom at the end of last year just below $1,200. Since then, bullion has risen by $140 an ounce, or more than 10%.

Even if gold's bear market has ended, it was no slouch: From a September 2011 high of $1,925 an ounce the decline lasted for 27 months and took 38% off of bullion's price. Gold-mining stocks had a particularly rough time: The NYSE Arca Gold Miners Index fell 70% from September 2011 to its December 2013 low.

But a 12% rally does not automatically mean the bear market has ended, since that 27-month decline experienced several rallies of at least 10% — each of which eventually proved to be a head fake. How do we know that gold's recent rally will end any differently?

To help get insight, let's review a number of indicators that historically have been useful in identifying the direction of the major trend. They don't suggest that the bear market has ended.

Sudden Optimism

The first set of indicators are based on sentiment.

Consider the average recommended gold market exposure levels among a subset of short-term gold market timers tracked by the Hulbert Financial Digest (as represented by the Hulbert Gold Newsletter Sentiment Index, or HGNSI). That average currently stands at 30%; as recently as late January, it stood at minus 30%.

In other words, the average short-term gold timer has increased his recommended exposure level in gold-oriented portfolios by 60 percentage points in less than a month's time. That is a rapid retreat from the bearish camp. That is not what is typically seen at major bear-market bottoms, at least according to contrarian analysis.

Instead, the usual pattern is for the initial rise off the bear-market low to be met with widespread skepticism.

==

> more: http://online.barrons.com/news/articles/SB50001424053111904148504579403100096015892

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IAG - First Quarter... ended Mar.31, 2014

 

Toronto, May 6, 2014 /CNW/

IAMGOLD Corporation ("IAMGOLD" or the "Company") today reported its unaudited condensed consolidated interim financial and operating results for the first quarter ended March 31, 2014.

 

"Production is on track for the year with Essakane ramping up production following the commissioning of the new hard rock processing line and Westwood gearing up for commercial production in the third quarter," said Steve Letwin , President and Chief Executive Officer. "We produced 172,000 ounces of gold in the quarter. To achieve better economies of scale, ore mined at Mouska and Westwood in the first quarter, with an estimated 20,000 contained ounces of gold, was stockpiled for processing beginning in the second quarter 2014 when there will be a higher volume of ore available.

 

"In the first quarter, we reduced all-in sustaining costs by $92 an ounce from the same quarter last year, building on the sustainable cost savings carried forward from our 2013 program," continued Mr. Letwin. "Cost reduction and efficiency improvements continue to be priorities at all our mine sites, as does safety. We demonstrated this commitment to safety with a 46% improvement from the first quarter 2013, achieving the highest score ever recorded for our leading safety measure."

  • Adjusted net earnings attributable to equity holders1 of $12.2 million, or $0.03 per share1.
  • Net cash from operating activities before changes in working capital1 of $64.6 million, or $0.17 per share1.
  • Cash, cash equivalent, gold bullion (at market value) of $313.9 million at March 31, 2014.
  • Attributable gold production of 172,000 ounces2; attributable gold sales of 176,000 ounces.
  • Stockpiled ore mined at Mouska and Westwood, with an estimated 20,000 contained ounces, will be processed beginning in the second quarter 2014.
  • Total cash costs1,3 - gold mines4 of $886 per ounce produced.
    • Total cash costs for IAMGOLD owned and operated mines of $842 per ounce produced.
    • All-in sustaining costs1 - gold mines of $1,198 per ounce sold.
  • Continued focus on further cost reduction and sustaining savings from the 2013 cost reduction program.
  • Maintaining 2014 production and cost guidance.
  • Successful commissioning of the new processing line at Essakane.
  • Rosebel enters into five-year option agreement with Sarafina N.V. to target higher-grade, softer rock on a 10,000 hectare mining concession surrounding the Rosebel mine.
  • Subsequent to quarter-end, declared maiden resource estimate for the Pitangui Project in Brazil comprising a 638,000 ounce inferred resource grading 4.88 grams of gold per tonne.

==> http://www.iamgold.com/English/News/News-Releases/News-Release-Details/2014/IAMGOLDs-first-quarter-marks-start-of-production-ramp-up-and-reduced-all-in-sustaining-costs/default.aspx

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BOT Calls on today's price drop
NUGT at 10.50 x ? > now: 10.20-11.60
IAG - at $1.05 x ?? > now : $0.95-1.05
---

t24_au_en_usoz_6.gif
Levels
GLD: 124.86 x 10.39 = $1,297
GDX: $23.64
Nugt $34.11 - 1.77
====

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I am following some smaller, speculative gold mining companies on the ASX.

 

SLR ==> 3 year chart ===> 6 month chart ==> ASX page for SLR (announcements etc) ==> company website

 

BDR ==> 3 year chart ===> 6 month chart ===> ASX page for BDR (announcements etc) ==> company website

 

NST ==> 3 year chart ===> 6 month chart ===> ASX page for NST (announcements etc) ==> company website

 

KRM ==> 3 year chart ===> 6 month chart ===> ASX page for KRM (announcements etc) ==> company website

 

 

SLR was recently taken out of the ASX 200 (June 6th).

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The next move up in GDX could/should break the downtrend (if we see it) ... update

 

GDX_zpse75d4f05.gif

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Posted the article below on the Sandstorm Gold board. This has always been my favourite gold stock due to their streaming cash flow generation, management and growth potential. This isn't a specualtive junior that could five bag but equally it's not going to go bust or have to dilute shareholders with equity raising. They have several hundred million dollars available to invest in new streams.

http://seekingalpha.com/article/2262123-sandstorm-gold-this-cash-flow-machine-is-well-positioned-to-outperform?uprof=37

The share price has jumped from around $5.50 to $7.25 in the last week or so, but will go much further over the next 2-3 years imo.

 

I think the whole sector is masssively oversold and we should get a strong bounce sooner rather than later.

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