Taylor says buy Sandstorm Gold 2012-10-30 17:20 MT - In the News Jay Taylor, in the Oct. 18, 2012, edition of Gold, Energy & Tech Stocks, says buy Sandstorm Gold Ltd., recently $13.50. Mr. Taylor said buy four times from June 19, 2009, to Aug. 17, 2011, at prices ranging from 44 cents to $1.40 (the stock rolled back 1 for 5 in May, 2012). Assuming a $1,000 investment for each buy, the $4,000 position is now worth a gratifying $14,877. Sandstorm lends cash to resource companies with advanced mining projects, in exchange for the right to buy part of the mines' future output at low prices. Currently Sandstorm buys gold at less than $450 an ounce on average. Mr. Taylor says if the gold market remains bullish for the next 10 to 15 years, gold could rise to $5,000 or $10,000 an ounce, and Sandstorm could profit significantly. The editor calculates Sandstorm has gained 520 per cent since 2009, while Apple Inc. (recently $632.64) has gained only 260 per cent in the same period. The gold bug touts Sandstorm as an excellent low-risk investment; the company has interests in projects run by various management groups and located in different countries. Mr. Taylor discloses he recently bought Sandstorm shares, as well as warrants exercisable at 60 cents until April 23, 2014. |