Top Bullboards post:
“Be patient. This company continues to stash away cash, and is getting closer and closer to the go ahead to develop Rock Creek. Once RC approvals come in the new year, watch the stock price move up. Great stock price to get in, now! F.Y.I, I have been a shareholder for several years and will continue to be for the long term,” writes eornEcm in the Revett Minerals Inc. (TSX: T.RVM, Stock Forum) post.
Top Bullboard:Intertainment Media Inc. (TSX: V.INT, Stock Forum) received the highest number of reads and posts.
Top blog:
So the major mining companies are left in the precarious situation of replacing high grade mines with low grade ones. This means they have to build bigger to maintain the same production, which is more expensive. Either way, production is going to fall off and the gold price will have to go up. This is precisely what Barrick Gold Corp. (TSX: T.ABX, Stock Forum) (NYSE: ABX, Stock Forum) CEO Jaime Sokalsky said at the recent LBMA Investment Conference in Hong Kong.
“We had a big rally yesterday; that may have been the result of an oversold condition,” said Bruce Bittles, chief investment strategist at Robert W. Baird & Co. in an interview with MarketWatch
“I’m a little concerned about yesterday — we had a lot of optimism all of a sudden based on some discussion that the fiscal cliff could be resolved before year end. And the consensus seems to be that what is going on in the Middle East is not all that troubling, as well.”