Resource Stock Roundup:Thursday, July 23rd, 2009
Jul 23rd, 2009 | By Doug Casey | Category: Gold MarketIt was a rather uneventful session during Wednesday trading on the Canadian Markets with the fluctuating price of commodities effecting individual sectors. For the tale of the tape; the TSX Exchange gave back 0.64%, while the TSX Gold Index fell 0.79% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.79% with the advancers beating out the decliners by a 395 to 354 margin on 152 million shares traded.
High-flying Ventana Gold appointed Stephen Orr to the position of president and chief executive officer effective September 1. Mr. Orr was chief executive officer of OceanaGold and prior to that he was vice-president of North American operations, then managing director of Australia and Africa for Barrick Gold (NYSE:ABX). Ventana ended the day up C$0.01 at C$5.20.
Following the Colombian gold theme, Ventana’s neighbor Greystar Resources ended the day up C$0.35 at C$4.30.
Shares of Keegan Resources (AMEX:KGN) added C$0.24 to close at C$3.03 after the company reported drill results that included 10.31 grams gold per metric ton over 22 meters at its Esaase property in southwest Ghana.
Investors in junior resource stocks are eagerly anticipating the next batch of drill results with favorable ones driving the share price higher and disappointing ones causing a run for the exits. In other words, all appears to be right with the world. We shall see what Thursday trading has in store.
Source: Resource Stock Roundup:Thursday, July 23rd, 2009
Advertisement
As a company, EverBank® is committed to your global portfolio success. That's why we match our innovative product line with the insightful research tools you need to make informed foreign currency decisions.
Take advantage of our expertise with free resources like Chuck Butler's Daily Pfennig, the new Foreign Currency and Global Market Resource Pages of EverBank.com and a Trade Desk that's staffed with currency experts who are eager to help you.
Doug Casey is a contrarian investor, sought-after public speaker and author of several books. His work "Crisis Investing" held the position of # 1 bestseller on the New York Times list for 26 consecutive weeks. Doug's unusual views on the economy - and just about everything else - have gained a huge following in the investment community, and it certainly helps that his stock recommendations of undervalued junior exploration companies have made his subscribers millions. Now in its 27th year, Doug's monthly newsletter, the International Speculator, is one of the most established and esteemed publications on gold, silver and other natural resource investments. Together with the Casey Energy Speculator, it covers a broad range of carefully selected stocks with the very real potential of double- and triple-digit returns within 12 to 24 months.