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IAMGOLD Corp. Message Board

  • pipbustergreen pipbustergreen Feb 16, 2014 8:26 PM Flag

    Positive Sentiment for Gold Stocks

    Barron's this weekend had a bullish article on gold and miners saying it is time for investors to start to look more closely at the metal and miners. They point out that the GDX has moved over its 200 day average for the first time since December 2012 which they take as a bullish sign. They cite buying in China is one possible sources of the recent upward momentum. Market Edge changed their opinion on IAG this weekend and give the stock a "LONG" rating. Gold is up again today in Asian trading at $1,322/oz. Look for upward momentum to continue this week.

    Sentiment: Buy

3.40+0.22(+6.92%)Apr 29 4:01 PMEDT