Watch for earnings from precious metals miners... Gold has moved from 1250-1300/oz to $1500/oz and silver from 15 to $18/oz. These moves may not seem like much but will result in dramatic increases in cashflow.
Two examples this week.
AEM, Agnico Eagle is a mid tier producer. Announced earnings yesterday.
Moved from a loss to a profit of .05. But maybe more important, boosted dividend 40%. In today's yield hungry world, miners could become a source of dividends and attract attention.
Yamana Gold, AUY, announced today and boosted dividend by 100%.
Miners are still selling for peanuts and haven't responded to the rise in commodity prices of gold and silver yet. Q3 is the first qtr that will show a full qtr of the increased prices. Obviously you want miners who don't have a lot of production hedged at low prices. You also want decent sized producers so the $200/oz has an impact on top line revs.
I like CDE, due to improving results and minimal hedging. AG is the biggest pure silver producer so I am holding options on it.
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
