A gold producer, engaged in the exploration for and acquisition of gold properties. The Company has operations in the United States, Australia, Peru, Indonesia, Canada, Bolivia, New Zealand, Ghana and Mexico.
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Euro bailout, China easing, USA with two rounds of QE, all mean gold should remain expensive and keep going higher. However, the gold price has been stable YTD but many gold producers are down 15-20% plus over that same time. Buying for two reasons: Future gold price increase expected. The stock is oversold and has met my technical criteria.