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Teranga Gold Corporation T.TGZ

Teranga Gold Corp is a Canadian-based gold company with assets is production, development, and exploration situated on prospective gold belts across West Africa in Burkina Faso, Cote d'lvoire and Senegal.


TSX:TGZ - Post by User

Comment by marketsenseon May 29, 2017 4:46pm
199 Views
Post# 26297504

RE:Best Stock to Own on Gold rebound

RE:Best Stock to Own on Gold reboundNot so sure about your premise .Last time markets collapsed in08,  gold sold off like every other
asset.  Global capital took refuge in the US$.  I don't think this time will be any different because
the Fed will interfere with the gold market and defend the US$ to the end of time.  I still like gold
but one has to realize its a very manipulated market.  Gold is a good hedge against inflation and
a short term hedge against any major geopolitical threats.  I've learned to be wary of predictions
that call for gold to soar if markets crash.  As for TGZ,  it is undervalued for sure and I still like it.
Once Banfora is in production it will trade much higher.  In the meantime it's not a bad choice for
accumulation, but not the only one in this space.  Remember all that cash will be used to finance Banfora,  and they need cash for existing operations so I expect an equity financing at some point.
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