I been looking closely at aaz and boy that one is undervalued with a current market cap of 33.70m and so much going on. due to produce 60,000 tons of gold during 2013 and get it out the ground cheaper then rangold. would be interested on your thoughts/opinion mate. they got copper and silver on the production line as well and due a jorc any day now. atb gl
The yellow metal surprisingly hasn’t benefitted as much as expected from the US government shutdown and dollar weakness. One analyst was quoted as saying that almost everyone has an opinion on where the gold price will go, “but for now one would expect that the safe-haven of the metal will still have an appeal, so long as there are questions about the US debt ceiling.”
From a charting standpoint, Gold last week failed to break higher through $1,350, and fell through the $1,300oz level, which means that $1,270 has become a key support level.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
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