What's the gold play in this market

Discussion in 'Stocks & Derivatives' started by PeeZapp, May 1, 2013.

  1. PeeZapp

    PeeZapp Member Silver Stacker

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    Thinking of making a small investment in a gold stock as I think the consolidation in the gold price shows that the bottom in this correction is either behind us or not much below what we have seen. I was looking to get opinions on what you guys think would be the best gold play on the market now.

    I am deciding between

    - Regis Resources (RRL)
    - Silver Lake Resources (SLR)
    - Northern Star (NST)
    - Kingsgate (KCN)
    - Perseus (PRU)
    - Newcrest (NCM)

    and to a lesser extent

    - Kingsrose (KRM)
    - Phoenix (PXG)

    also thinking about putting a very small amount into Condor Blanco (CDB) do any of you guys know much about this stock? Do you think its worth a punt?

    Cheers for any input.
     
  2. browski

    browski Member

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    I prefer the management styles of EVN and BDR.

    Of your list.....they've all been smashed.......but every day they drop a bit more.
     
  3. southerncross

    southerncross Well-Known Member Silver Stacker

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    All in your mind
    If you want to gamble take a look at BGS, from the above my pick would be SLR.
     
  4. finicky

    finicky Well-Known Member Silver Stacker

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    Probably none - the only ones I've been tempted by are NST and maybe SLR

    At least now we can see which ones are producing at a profit and don't repeatedly come up with issues. The ones that look robust - where's the attraction of NCM or KCN? I'm leaving out MML because the lastest report shows they are waiting on Phillippines govt congress vote on whether new taxes and royalties/ RRL seems good but has retraced the least - still maybe it's best to focus on quality not cheapness
     
  5. VRS

    VRS Well-Known Member Silver Stacker

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    Troy & Chesser Resources always get my vote, however I sold out of those & jumped in with both feet onto the BGS train... way ahead of Eric Sprott as it happens... ;)
     
  6. PeeZapp

    PeeZapp Member Silver Stacker

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    thanks for the advice guys yeah I am trying to look more at the quality companies that are in production and on the ramp up I was leaning towards RRL or SLR both are good mid tier companies looking to take the next step plus both are looking towards paying a dividend in the next couple of years (RRL later this year at 20 cents).
     
  7. hiho

    hiho Active Member Silver Stacker

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    short banks instead
     
  8. VRS

    VRS Well-Known Member Silver Stacker

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    Interesting you say that HH - I was thinking about buying a pile of Commbank preference shares in coming months for their yield

    I don't know if they're classed as 'blue chip' any more (!), but the alternative might be ordinary shares for growth + divvies - are you saying that Commbank, Westpac, BOQ etc are positively out of favour in terms of risk/exposure to EU & US, or are you thinking AUD$ strength, manufacturing/exports etc are a problem too?
     
  9. hiho

    hiho Active Member Silver Stacker

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    Don't let me stop you mate, if you can take a haircut in capital it may be for you. They may offer you citizenship as compensation ;)
     
  10. VRS

    VRS Well-Known Member Silver Stacker

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    LMAO! My prices may be some of the most competitive in Australia mate - but I'm not THAT CHEAP lol!
     

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