I remember Linux Gold for the spectacular run it had at the end of 2005. After bouncing around in the teens for over a year, the stock suddenly tripled, skyrocketed to over $0.50 in under two months. Linux quickly retreated to $0.35 before making one more stride all the way to $0.54. [...]
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Gold had been ripe for the latest $100 advance for quite some time. But this near vertical price increase has many analysts calling gold overbought and predicting a correction in the short-term. So the question on the minds of many gold investors is this: Is gold really overbought and needing a correction or [...] On Monday, Yamana and Meridian announced that 79,873,250 common shares of Meridian Gold had been validly deposited to Yamana, equating to approximately 78 percent of Meridian’s common shares on a fully diluted basis. Consequently, all of the conditions to Yamana’s agreement with Northern Orion were met and Yamana’s acquisition of Northern Orion was completed [...] |
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