GoldMining Inc (GLDG)

[PURA VIDA]

As we continue in the sideways channel, I continued to do some research and also added another 500 shares this week.

Mentioned before, the company used to be called Brazil Resources, Inc. but as they have continued adding properties to their holdings, they changed their name to Gold Mining Inc. to better describe what their core business is. The symbol is GLDLF.

I had come across some articles on Seeking Alpha that interested me and I also continued to do some research. After doing the research and also looking around at what is going on around the globe (massive protests, austerity measures, political unrest) I believe we will be seeing gold prices rise again well past the levels of 2011. Many analysts believe gold is also going to be on another bullish run to all time highs.

Here are a couple of charts to compare. The top chart is the physical price of gold over the past 10 months and the bottom chart is GLDLF's price. As you can see, GLDLF held pretty strong when the physical price fell off significantly. As well, GLDLF has recovered and is trading in a tight sideways channel between $1.49 and 1.60 per share.

GLDLF is already up 275% and if you look at their measured and indicated, the stock price is still 20 X lower than the value in the ground of just the gold mining sites. I'm going to keep adding here unless something surprising changes my mind.

Here is an article I came across on Seeking Alpha, and then also an analysts perspective who is highly regarded for his advanced calls on gold rallies.

Seeking Alpha article

Doug Casey - Casey Research (Yes, I know.... most of the time I don't follow these but this time - it does seem to be legit and compelling when looking at the data)

Disclaimer - only trade with money that you can risk losing.......