TSX:SGR.UN - Post by User
Post by
hydra100on Dec 04, 2010 1:27pm
392 Views
Post# 17801097
DRILL BABY DRILL
DRILL BABY DRILL
WHO WOULD HAVE THOUGHT THIS?
THEY MUST HAVE READ MY POSTS.
HEY DR. MONKEY THESE GUYS OWE ME MONEY.
Money Morning Mailbag: Soaring Gold and Silver Prices Point to Profits in Equipment & Drilling Industries
By Money Morning (Reporter)
Contributor profile | More stories
Friday, December 03, 2010 6:11
While this run up in prices means gold should make way into every investor's portfolio, it also means related businesses will profit as gold prices continue to head north. That idea prompted the following Money Morning reader question.
What other industries are allied with metals that should do well? I am thinking of purifying, transporting, distributing, etc.
"The other idea relating to metals is on the drilling side," said Krauth. "Contract drillers are an interesting way to play mining, and are a good leading indicator for activity in the sector."
"That places specialized contract drillers in a particularly sweet spot," said Krauth. "As demand for their services swell, expanding their profit margins, their stock prices could truly soar over the next few calendar quarters."
Krauth explores mining related stocks in more detail in his Global Resource Alert advisory service, where he has one contract driller that has climbed 80% in just over a year. For more information on the Global Resource Alert,