According to Louis James, the senior editor of the International Speculator and Casey Investment Alert, the manic highs and lows of the market are good for those who have mastered the discipline of buying low and waiting.
While timing exactly when the rebound will happen is impossible, Marshall Auerback, director of Pinetree Capital, believes now is the time to pay the gold market renewed attention.
Record cash flows in Q2 boosted the company's cash pile to $1.1 billion before it doled out $500 million to Hudbay this week. It also has an untapped $400 million credit facility.
Some strong drills results in the Eagle Ford Shale play in South Texas are exciting some analysts who believe the site could be superior to the Bakken formation.
The ad start by touting Obama support for the clean coal industry specifically in Ohio where coal production has increased 7% since Obama took office and then quotes from a 2003 speech Mitt Romney made at the Salem Massachusetts coal plant.
Q2 highlights include gold production of 92,003 ounces, a new quarterly record, operating cash flow of $55.7 million and record mill throughput and mined tonnage.