Thursday, June 19, 2014

Go For The Gold!

Not quite sure I understand it, but gold is on the move up again.  It has gone from 1,245 to 1,341 since the start of June.  That has been great news for RIOM, which is up 35% for me since I added to my position on May 28th at 1.65 (now $2.28).  They were criticized for over-paying for Sulliden (Rio Alto Overpaid For Sulliden: Proceed With Caution), but if the price of gold continues to rebound, they will look pretty smart buying up a second source at the very bottom.

AGX spiked almost 8% today.  I am not really sure why.  It was 2x normal volume, so that is good.

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