KL and new highs soonThis stock stands out way above its peers. As Sprott mentions in his Jekyll Island talk, KL had world's best grade in list of world's top 10. If they would have been allowed to submit 10 holes for the top 10 then KL would have had top 7 holes....in the world. So, is this a stock that will do well this year....no brainer IMHO.
Some funds seem to be just flipping this stock (as they do for many other stocks) just for penny up or penny down....they can drive the market either direction at will for limited periods. Meryll Lynch and Morgan Stanley seem to stand out as consistent sellers....harly ever buy so wonder if they're naked shortung. Here is list of fund ownership:
https://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=kl-T&country=CA
If anyone has access to stockwatch maybe they can post the short positions and ownership and who are net buyers and sellers as just nice info to have to assess.
Rather than day by day, if you look at the one year chart its easy to see that KL is a dream stock to own and to hold as I believe good things will happen this year as the resource growd, AISC falls, cash flow grows and new high grade deposits continue to astound us with phenomenal grades. Compared to the whole array of gold mining stocks available (and some very good ones) this stands out way above the rest and I for one am very comfortable owning KL and has consistently been a solid winner for me over past few years. But holding onto a big winner tends to make me a bit biased :)