RE: RE: I don't get it?Just need some patience!!!
Check this out!
https://www.theglobeandmail.com/blogs/number-cruncher/gold-bull-homes-in-on-miners-adding-reserves/article1435538/
What the pros are buying.Aurizon is among the top stocks!
The $347.1-million precious metals equity fund is run by Kevin MacLean of Sentry Select Capital Corp. It posted an 85.4-per-cent return in 2009, and an average annual return of 24.7 per cent over five years.
Mr. MacLean invests in companies that have what he calls a “high wealth-creation yield. These are companies that are adding to their reserves and resources at very meaningful rates relative to the size of the company, and have a high cash-flow yield.” He shies away from miners during the construction phase because of concerns about things going wrong – from permit delays to cost overruns.
While the price of gold has retreated recently from its recent high above the $1,200 (U.S.) per-ounce range, he is still “bullish for several years.”
The gold market does not need a weak U.S. dollar to rise because the supply of gold has been declining for a decade now, he suggested.
“This is a commodity, which has had a persistently declining supply, and now the central banks have backed away from selling it. We are at the lowest level of supply in at least 15 years.”
| Top 10 holdings for Senry Select Precious Metals Growth to Dec. 31 |
| Company |
Ticker |
$ Price
Jan. 15 |
52-wk
high $ |
52-wk
low $ |
% yield |
| Semafo Inc. |
SMF-T |
4.95 |
5.03 |
1.39 |
0.0 |
| Red Back Mining Inc. |
RBI-T |
17.45 |
18.33 |
6.28 |
0.0 |
| Golden Star Resources Ltd. |
GSC-T |
3.50 |
4.59 |
1.21 |
0.0 |
| Alamos Gold |
AGI-T |
13.53 |
14.20 |
7.25 |
0.0 |
| Yamana Gold Inc. |
YRI-T |
11.83 |
15.00 |
7.31 |
0.3 |
| Jaguar Mining |
JAG-T |
13.15 |
14.18 |
4.90 |
0.0 |
| Allied Nevada Gold |
ANV-T |
15.92 |
16.99 |
4.28 |
0.0 |
| Iamgold Corp. |
IMG-T |
17.01 |
21.95 |
6.62 |
0.4 |
| Aurizon Mines |
ARZ-T |
4.73 |
6.24 |
3.33 |
0.0 |
| Osisko Mining |
OSK-T |
8.53 |
9.24 |
3.05 |
0.0 |
|
|
|
|