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Golden dreams

October 27, 2013

The recent climb in gold prices has excited investors. Indeed gold companies were the biggest movers on the TSX (9/15 companies) on Friday’s market. Gold projects in the north are amongst the most promising in the world.

The price of gold has crept up to $1,352/oz. from its July low of $1,255. Still the gold price is down from its high of $1,883/oz three years ago.

The Virtual Capitalist (see source b). ) notes that:

Amongst the “movers” on the TSX:




Rising gold prices are good for companies contemplating investments in gold mines. It improves the economics and business case for the investment and makes it easier to attract capital.