Yesterday we published an article on how there was a good chance that the Gold market was at a short term high - read the article here.
Whether the price of gold is going to fall and bring down stocks or not this is a company we want to buy on any weakness, Queenstake Resources Ltd.
Small Gold mining exploration company, market cap around $215m
Interests in some Nevada properties
Current price is around $0.39, target is at least doubling to $0.80, maybe even higher
Excellent volume coming into the stock at these levels but 80% of it will be hot and you can bet they’ll want to dump their stock in a hurry if the price of gold declines
We’re looking to buy in the low $0.30s but make sure your orders are already in the market because if it does sell off the moves will be violent
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