With spot gold price currently at ~$1700, Madison Avenue Research company has put together a analyst report stating that the stocks are "dramatically below fair market value". They listed numerous gold stocks that they have used in comparison to the spot gold price. This includes Metanor Resources that I have mentioned in the previous post under "high potential stocks." There are charts and general information posted that supports their view. They also mentioned that the recent pull back is a healthy natural profit taking pull back. Healthy pull backs tend to create new bases of support to sustain the moves up.
Here is the link to the analyst report: http://madisonaveresearch.com/marketsd2011.htm
We will probably see more and more analyst reports on gold and silver in the days ahead with the growing concerns about debt around the World.
You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.
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