Toronto exchange's AUQ already broke through its 200 day at 4.61.
I can see a vague similarity in the up and downs. But not in the prices. AUG hit 18.38 in both 2006 and 2007. Then dropped to 3.86 in 09. It regained to 13.92 in 2011 then sunk. Where are you getting the $45 price from? Do you think the 2006 high represents the movement we should attain after our similar (to close of 05) low? Is AUQ the momentum stock it was back then? I's like to see $45 as much as the next guy, but....
Germany has requested the Federal Reserve return the physical gold it has been holding for them. The FR said sure, but it will take us a few years to do it—their low on gold right now.
Shorts started returning to AUQ yesterday, when gold faltered. Now they are betting that gold will drop again soon. AUQ and other miners caught in the scuffle.
NFLX had a great day.
I would consider getting close to 5 as "flying." ;)
Hating to see AUQ up along with gold, they are piling on to push us into the red. Folks, you did notify your broker that you don't want your shares lent for shorting, right?
If you look at AUQ's Google Finance page, there are links to two firms cutting the price target to $3, but clicking on the links never loads of page. Seems someone is trying to kill the momentum of today's 7% rally.
The links finally loaded and they were referring to AUQ on the Toronto Stock Exchange. Still a lame call since AUQ there is at 5.75.
It was 14 in 2011. Previous high was 18. But gold collapsed, and AUQ went the way of all miners. And keep in mind it is a stock, so when the general market drops AUQ follows, no mater what gold is doing.
2116 is over a hundred years from now. Not sure I can wait that long. ;)
The conference call is tomorrow a.m.. Since we have already been given a pre earnings peak, should we expect much of a bump/drop? Today's action seems mostly due to the gold price hike that the situation in the Ukraine is fostering.
(Reuters) - AuRico Gold Inc : * Reports 2013 reserve & resource update * Says proven and probable mineral gold reserves of 6.5 million gold ounces as at December 31, 2013, a 0.29 million ounce decrease from 2012 * Says measured and indicated gold resources of 2.5 million gold ounces & inferred gold resources of 0.5 million gold ounces as at December 31, 2013 * Source text for Eikon * Further company coverage