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2012/08/20

The Case for Gold

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Monday, August 20, 2012

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The Case for Gold

 

by Rob Goldman

 

 

I don't particularly care for commodities. It's not that I have an aversion to investing in them. It's just that for most of my investment career I have tended to follow everything but the mining space. 

 

Maybe I'm a bit jaded because of the spectacular Bre-X Minerals fiasco. Some of you may remember it but I suspect that it may not resonate with everyone.  It was a cool story, because in hindsight, one would think that no one would be gullible enough to believe it.  I think someone made a small documentary about it, after the fact.

 

Bre-X was a Calgary-based stock that purportedly had 70M troy ounces of gold estimated to be in the ground on a property it owned in Borneo of all places.  The stock peaked at around $300 per share, which valued the company at over $4 billion. Less than a year later, Bre-X, which started out as a penny stock, became worthless when it was discovered to be a total fraud.

 

To read more click here >> or visit http://www.pennystockjunction.com
 

 

No Offense, But I Will Pass

 

by Rob Goldman

 

 

Longtime readers to Penny Stock Junction know that I have a ravenous appetite for penny stocks.  And you never know what you'll get when you read this daily blog.  Sometimes I write about low-priced NASDAQ or NYSEAMEX listed companies that are big traders, like Sirius XM Satellite (NASDAQ: SIRI), which just hit a new 52-week high earlier this week.  I also do not shy away from introducing an obscure penny stock or two that are poised to make a run.

 

On the other hand, if I see something over the top on the negative side, I will highlight that as well. Folks, today is one of those days.

 

My screening system recently unearthed some big movers either in terms of volume, price, or both.  In the case of all three stocks I'm about to highlight, there is a lot of hype and little substance. 

 

To read more click here >> or visit http://www.pennystockjunction.com

 

 

 

 


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