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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:

 

 

Commentary

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.

Sources