Stockhouse Movers & Shakers: Gold to average $2011 in 2011, Ing says.
Gold shares have lagged behind the performance of gold bullion. But veteran Canadian
gold bug John Ing doesn’t expect this situation to last..
..
“Some of the big cap names are even trading at 10 to 12 times next year’s earnings and now
could be considered “value” investments,’’ he said.
Meanwhile, Ing remains convinced that a number of companies are takeover candidates.
They include:
> Detour Gold Corp. (TSX: T.DGC, Stock Forum)
> Guyana Gold Fields Inc. (TSX: T.GUY, Stock Forum)
> Osisko Mining Corp. (TSX: T.OSK, Stock Forum)
> Continental Gold Ltd. (TSX: T.CNL, Stock Forum)
> Excellon Resources Inc. (TSX: T.ESN, Stock Forum)
> MAG Silver Corp. (TSX: T.MAG, Stock Forum)
Ing sees more upside among the junior producers, partially due to the impact of exploration
and resulting growth in reserves and production. In this segment of the market, Maison
Placements likes Aurizon Mines Ltd. (TSX: T.ARZ, Stock Forum), Centamin Egypt Ltd.
(TSX: T.CEE, Stock Forum), St. Andrew Goldfields Ltd. (TSX: T.SAS, Stock Forum),
Newstrike Capital Inc. (TSX: V.NES, Stock Forum) and South American Silver Corp.
(TSX: T.SAC, Stock Forum)..
..
http://www.stockhouse.com/Community-News/2011/Jul/28/Stockhouse-Movers---Shakers--Gold-to-average-$2011
Gold shares have lagged behind the performance of gold bullion. But veteran Canadian
gold bug John Ing doesn’t expect this situation to last..
..
“Some of the big cap names are even trading at 10 to 12 times next year’s earnings and now
could be considered “value” investments,’’ he said.
Meanwhile, Ing remains convinced that a number of companies are takeover candidates.
They include:
> Detour Gold Corp. (TSX: T.DGC, Stock Forum)
> Guyana Gold Fields Inc. (TSX: T.GUY, Stock Forum)
> Osisko Mining Corp. (TSX: T.OSK, Stock Forum)
> Continental Gold Ltd. (TSX: T.CNL, Stock Forum)
> Excellon Resources Inc. (TSX: T.ESN, Stock Forum)
> MAG Silver Corp. (TSX: T.MAG, Stock Forum)
Ing sees more upside among the junior producers, partially due to the impact of exploration
and resulting growth in reserves and production. In this segment of the market, Maison
Placements likes Aurizon Mines Ltd. (TSX: T.ARZ, Stock Forum), Centamin Egypt Ltd.
(TSX: T.CEE, Stock Forum), St. Andrew Goldfields Ltd. (TSX: T.SAS, Stock Forum),
Newstrike Capital Inc. (TSX: V.NES, Stock Forum) and South American Silver Corp.
(TSX: T.SAC, Stock Forum)..
..
http://www.stockhouse.com/Community-News/2011/Jul/28/Stockhouse-Movers---Shakers--Gold-to-average-$2011