In early June, Raymond James Ltd. added Calibre Mining Corp. (CXB-TSX; CXBMF – OTCQX) to their list of favored gold stocks. Their strong buy recommendation was based on a detailed analysis of the company that included these three central investment themes.
Canaccord Genuity, a global full-service investment bank that specializes in growth companies just upgraded Calibre Mining to BUY from SPEC Buy, as well as a significantly higher price target.
With the gold index looking to test the 280 level again, is it time, once again, to place the same “faith and trust” in the “the charts and buy into gold stocks? Let’s take a look.
Ever wonder how a technical analyst looks at chart? In today’s column, John Top explains how he views charts, using the price of gold as an example.