Glamis Gold (GLG-T.V) Buy, Sell or Hold

Glamis Gold (GLG-T.V)

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BUY

If he had to buy a gold stock, this would be the one. Had some production problems in Guatemala. Recent Western Silver deal they bought is going to be an absolute company maker. Expect the new drill report this summer will show that the reserves are double.

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TOP PICK

Just announced problems at the Marlin mine. This will cost them about $.15 in cash flow just for this year. On June 19 they are going to announce a resource estimate on another mine and he believes it is going to be way higher than the street thinks.

TOP PICK

The last acquisitions they made was very smart and will probably be a lot better than was expected. Will have more interesting news ahead of it.

BUY

He thinks it will go up, because gold is going to go up to $600 this year.

SELL

This stock is a past pick. There is increased volality in most gold stocks right now. He has been reducing his holdings in the last few months. This stock looks okay but other sectors look more interesting.

BUY

Has operations in Honduras and Mexico. Brought on 2 mines in two years which is quite an achievement. Very good operators. Low cost producers.

WEAK BUY

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).

PAST TOP PICK

(A Top Pick July 4/05. Up 18%.) This was a gold which were seasonally going to turn. As a trader, would be standing aside right now. It will be going higher later on and he is looking for a re-entry point.

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BUY

Typical of gold stocks in Canada. The best time for this stock is from the end of July to the end of September. Gold and gold stocks usually have a period of weakness going into October. Their costs are rising very rapidly so watch out for the 3rd quarter report.

PAST TOP PICK

(A Top Pick May 16/05. Up 25%.) Still likes and would buy it here.

BUY

Has a tremendous cache with the investing public. Prefers Meridian because the Askell assets in Argentina will be an asset once it gets into production.

TOP PICK

Has broken a down trend. Had a nice descending wedge. Has relative strength to the other golds.

TOP PICK

Would be a buyer in general of gold stocks. This one has the best growth percentage wise in production between now and 2008. A good long term entry point.

WAIT

Keep a close eye on golds. His sector model indicates they are pretty sold out. Wait for buying to come back into the market. US$ has been strengthening against the Euro and there's been a very tight correlation with gold to the US$. Look for 1) stocks to rally along with the gold price and 2) gold starting to trade independently of the US$.

PAST TOP PICK

(A Top Pick Jan 4/05. Down 4%.) The time he picked this, the premise was that they were either going to win or lose on Goldcorp, but if they lost, which is what happened, because it was an all stock deal,there would be pressure removed and the stock would lift. This happened and has now just come back with the group. Still likes it longer term.

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Glamis Gold (GLG-T.V)