Reaching New Highs

CHRIS THOMPSON, Haywood Securities
"In recent weeks, we've seen gold reach new highs, almost a 7% increase since it surpassed the $700-per-ounce psychological boundary on September 10, but what of the equities? If we look to three North American Gold producers, Goldcorp, Barrick Gold and Newmont Mining for guidance, the only company that performs better than gold is Goldcorp with a return of 12.5%. During this same period, we've seen the Haywood Junior Precious Metals Index (HJPI) post a return of 5.5%...As to where the resurgence of gold will take the equities, only time will tell. However, in light of the recent market activity, many gold-focused companies deserve a second look."(10/03/07)

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