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October 21, 2005

Time to buy the golds again. Fri., Oct. 21, 2005, 11:55 AM

I think 5 weeks pull-back is enough. Time to get back into the golds.

The bullion is up 0.90 to 464.10 (Dec-05 futures). I think it'll rally now.

One goldminer I like is Kinross Gold Corporation ("Kinross" or the "Company") (TSX-K; NYSE-KGC), which just yesterday restated its financial summaries for 2003 and 2004. Have a look. The price is just $6.55 (NYSE).

Yes, people are going to say: Oh, there he goes again.

p.s., in five minutes, I see Kinross popped 10 cents. Readers are going to call me Goldfinger.

Anyway, since I called a bull move in the golds, here is a snapshot from five minutes after I made the call.

100a002.gif

Posted by Posted by Bill Cara on October 21, 2005 11:55:52 AM | Category: Bullion , Gold , Goldminer Producers

Discourse

Cramer on cover of Business Week? Yikes. http://www.businessweek.com/magazine/content/05_44/b3957001.htm

Posted by: stockman [TypeKey Profile Page] at October 21, 2005 12:59 PM [link]

Nice call on Gold, up $6!
Mover Mike

Posted by: Mover Mike [TypeKey Profile Page] at October 21, 2005 1:26 PM [link]

BTW, Bill, has Don Luskin called for advice? After all it has been 18 days since he predicted a $30-40 drop in POG from $464.20
Mover Mike

Posted by: Mover Mike [TypeKey Profile Page] at October 21, 2005 1:28 PM [link]

bill, what do you think about South African gold miners? Cramer recommended HMY a few days ago. Is that a sign to get out of HMY and South African gold miners? Also what do you think of ASA, a close-end fund with a strange 13% discount.

Posted by: pztrader [TypeKey Profile Page] at October 21, 2005 2:28 PM [link]