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By Jason Hamlin, on October 11th, 2007
With the gold price breaking records and the dollar sinking into the abyss, the major gold miners are planning for the future and shoring up their resources through acquisitions. The latest of which is Newmont’s announcement that it would acquire 100% of Miramar in a $1.5 billion all-cash transaction. Miramar’s shareholders were promptly rewarded with a 23% single-day gain. Some analysts are anticipating rival bids, which could push up the value of Miramar to levels even higher than their $6.31 close on October 10th. If you have followed Miramar over the years, you are well aware of Hope Bay, which is considered one of the largest undeveloped gold projects in North America.
Continue reading Newmont Grabs Miramar – Who Is Next Gold Takeover Target?
By Jason Hamlin, on September 19th, 2007
We were a bit early to say that the Gold Selloff Would Not Last. After pausing at 340, the HUI continued all the way down to support at 300. But 300 proved to be very solid support and the Gold Bugs Index bounced off this mark and charged all the way to a new record at 387. That is a gain of nearly 30% in just a month! More importantly, the HUI has broken through resistance at 370, which has turned back the HUI on five separate attempts over what has been a lackluster year of consolidation in the gold market.
Continue reading Our Top 8 Gold Stocks and Why This Upleg Is Just Getting Started
By Jason Hamlin, on May 7th, 2007
We have profiled two new companies so far in 2007 that we felt represented exceptional value and were set to post impressive gains. Despite the failure of gold to break resistance at $700, we wanted to take a minute to review the performance of our stock picks.
Continue reading Our 2007 Stock Picks: 143% is the Magic Number
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