IAMGOLD Corp (USA) (IAG)
The Company is engaged in the exploration, development and operation of gold mining properties and of a niobium mine.
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Gold going up and there is nothing to stop it.
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Short term technical underperform...
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Just a near term call on this golden oldie
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Decent cash position with expected 2009 production near 950,000 ounces of gold. Over 20 million ounces of gold reserves.
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Because Peter Schiff is an idiot.
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The mining stocks were taken down with the rest of the market but that gave me three reasons to put a buy recommendation on the stocks. First the price is almost 8% lower today than yesterday. Second, gold is making a comeback in after hours trading, suggesting that its value may hold during this sell off period. Third, inflation appears the long-term illness and gold/silver is the cure.
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IAMGOLD Corp ??? apart from their numbers, the name says it all...
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Not making enough money to sustain these high levels. Gold is NOT going as high as everyone thinks.
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WILL DOMINATE
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Gold is going to $1200 and this is a good mining company with strong fundamentals. I look for it to stay above $12.50 before October options expiration.
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There is less momentum, less volume, and less buying going on. We are in the last part of this rally.
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The 1929-1930 equity rally (coming out of The Great Depression) lasted 147 days and the market was up 46%. It has been the same amount of time since the March, 2009 low and we are up about the same percentage. It’s déjà vu (paramnesia), so prepare for a drop of about the same percentage (85%).
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I bought this stock back in march for 6.55 a share. Ive practically doubled my money already. Iamgold is probably one of the best if not the best run gold mining company I've seen in a long time. I think IAG will be 14 in a very short time, and will not stop there. "The great consolidator" , Barrick will most likely have there eye on this one as I'm sure Newmont and Goldcorp will too. A merger between them and Agnico Eagle would make alot of sense being that IAG owns the new monster mine opening up 2.5 miles down the road from Agnico's Flagship. and Agnico just tripled there credit limit to 900 million a few days ago. Maybe someone is looking to by something?
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hyperinflation is unavoidable
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Gold prices will go up as the world economy recovers and demand picks back up. Also expecting US dollar to fall against other major currencies over the long term and gold should benefit from this.
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great gold stock
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a solid gold mine with a great eps and good reserves.
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When things turn around it will be a result of the governments around the world having pumped money of all kinds into the system. This will cause a surge in inflation as economies start to tick up. That's why I've been and continue to be bullish on precious metals and the miners of said metals. Really, anything that is sensitive to inflation is a good place to be.
The armageddon nuts and gold bugs always think that gold is the place to be, but in this case that does not mean they are wrong.
You can blame TMFBreakerDave for me adding pitches to so many of my picks.
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cheap gold play, buy on a dip

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