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The best gold stocks to buy today
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Thursday, April 29, 2010
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From Mineweb:

TGR: Last January, when we talked about what happened in 2009, you said you didn't see many undervalued junior resource companies at that time. Has anything changed in the interim?

MF: ... As an analyst, I often use 10% of gold's worth as a fair valuation for gold exploration companies. Notice I am saying, "what gold is worth," not "what the gold price is," because that is dependent on the U.S. dollar.

When the U.S. dollar is strong, the gold price generally suffers. Gold is at an all-time high in euros. I'm sure you've noticed that the Canadian dollar is on par with the U.S. dollar now. So let's go back to the question: what is gold actually worth?

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More on gold stocks:

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Topics: Gold | Stocks | Commodities
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