Mark Jackson, CFAGlamis GoldGLG-T.VWEAK BUYNov 15, 2005
Not a gold bug. Likes some golds here. From a macro perspective he is looking at inflation being a little bit more of a problem going forward, so this might be a good time to own some gold. This company is OK, but he would prefer Goldcorp (G-T).
Take over by Goldcorp (G-T). The upside is, this probably has the potential of becoming the premier gold trading vehicle on the planet. Should have great internal cash flow. Sells at an extremely high stock valuation.
Has a very good growth profile. Would like to see it break above more recent highs but, at this point, this is going to participate in golds continue on to higher levels.
(A Top Pick July 4/05. Up 100.3%.) This will depend on gold prices, which he expects will be higher. A possible head and shoulder pattern is forming on the charts, which is positive.
One of the best managed mid-cap gold companies with a tremendously good growth production profile. Have some really good upside since they took over Western Silver late last year with its Penasquito mine.
If you feel the market is at a bottom, this is a stock you would want to look at. A midsize producer with growth. Trading above its 200 day moving average.