Mark Jackson, CFA
Glamis Gold
GLG-T-X
WEAK BUY
Nov 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).
(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.
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.
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.