Friday, November 4, 2011

Gold Stocks: The Buying Opportunity 1

This from an article found on The Gold Chronicle South Africa's Harmony Gold Mining is another indication that, in my opinion, the window is open for acquiring gold stocks before they lead the way back up for the gold bull market.



"Gold stocks haven't rallied in line with the gold price in the last few months. In fact many gold equities have remained range bound despite the precious metal's break through to record levels," said Harmony Gold Mining (HAR) financial director Hannes Meyer. ...

Almost all gold companies, both local and international, have either reported or are expected to report a significant increase in profits in the three months to end September thanks to the run in the gold price. ...

"We believe that the gold price will continue to strengthen as the fundamentals that drove the gold price up are still in place," the company said in its September quarter results statement.

Read source here

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