HenriNostradamus (< 20)

The best stock to own when gold shines

September 22, 2009 – Comments (2) | RELATED TICKERS: EGI , IVN , RTP.DL

If you take a look at all the goldstocks I studied the last days then it turned out that EGI was the one with the highest leverage. It has a 1-100 leverage to the movement of bullion. Why? Simple - they own a lot of land with proven gold reserves. The gold is mined by other companies - with a no risk clause. Meaning - No gold - no costs for EGI// a lot of gold - tremendous profits for EGI (normally they take a 20% share). The play here is MONGOLIA. EGI has a 20% stake in the largest gold development that is going on there (and probably the largest worldwide). They are partnering with Ivanhoe and Rio.

If you want to compare EGI with pure gold then see this stock as a TURBO GOLD MINE.

Leverage 1- 100!!!!

Gold - is on the run. Don't wait too long to join the ride.

HN