Phase 1’s “Next Royal Gold” … Hello, old friend!

by Travis Johnson, Stock Gumshoe | June 10, 2011 12:00 pm

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Source URL: https://www.stockgumshoe.com/reviews/phase-1-investor/phase-1s-next-royal-gold-hello-old-friend/


14 responses to “Phase 1’s “Next Royal Gold” … Hello, old friend!”

  1. sella says:

    Thanks for the reminder on sndxf, gonna take a little bite this time, just for size.

    Today, Wyatt Investment Research sent out a teaser on a Sierra Madres mining stock, which is called an “Endeavor Silver clone”, through the Prospector Resource newsletter: http://pro.smallcapinvestor.com/landing/silver/scilandsilcoinkevtmf.htm

    I think I’ve heard this b4, but can’t recall the stock.
    Does it ring a bell? Hard to keep track of all these “sure-things” out there!

    have a good weekend……….

  2. mpalmer says:

    Travis
    I had just sent this to you and ………. poof there is the Thinkolater spitting out the answer.

    This could very well be a good speculative one to buy for a brief period, sell, and then go back and buy “for real” after it drifts back down.

  3. brenda says:

    Looks like the word is spreading on Sandstorm — hard to blame them, it’s exactly the kind of story that makes a copywriter drool, though of course there are likely to be down days as well, and they’re bound to have occasional troubles even if gold does stay at these or higher prices. The latest pitch is from the Money Map folks who are also clearly teasing Sandstorm Gold with this pitch: http://moneymappress.com/category/trading-services/global-resource-alert/

  4. viraf says:

    I believe I also received a pimping piece on Sandstorm from the Fools — or one of their niche newsletters anyway — this last week.

  5. cminvestor says:

    Several days ago David Morgan reviewed this stock in his subscription newsletter. It was favorable.

  6. john connor says:

    I’m curious if anyone has thoughts on Sandstorm gold going forward. I have read that Travis sees opportunity for them if gold has a pull back allowing them to cut more deals. I just don’t know if gold is going to pull back. Is the new floor for gold 1500 and if so does that mean Sandstorm’s growth is limited due to the ease that gold miners can obtain credit?

    If you see this Travis and have thoughts that would be great. Also any members thoughts are appreciated.

    Russ

  7. michellespendcer says:

    Hello all: What a week my take is keep your head down and wait till sept. lol.

    I do however wnt to put this tease out to see if anyone knows it. “Federal Gov’t Gold Glitch”

  8. michellespendcer says:

    Found it sry good write up by the way. Travis you rock………

    Gold bullion coins are the contemporary coins struck by national mints, usually, and they typically include an ounce of gold. The most famous, and by far the most widely traded, are the American Eagle gold coins — these are an ounce of gold, alloyed with a bit of silver to make them more durable, and you can buy them from the U.S. mint or on the secondary market at what is usually a relatively small premium to their melt value. As of this moment the new coins from the mint are selling at a hefty premium to the melt price of gold, last I checked the 2008 American Eagle is going for $1120, while gold is down around $780 an ounce. I’m not sure why, though it might have to do with the fact that they suspended sales of some coins earlier this year due to high demand. You can buy uncirculated older Eagles for more like $830, and other gold bullion coins, like the Canadian Maple Leaf or South African Krugerrand, typically are slightly less than that. With the price of gold so volatile, and gold trading on the world’s fear and emotion to a large degree, there’s no telling where it will go next, but in general you can usually get bullion coins at a premium of well under 10% of the melt price, and sometimes the less popular ones trade for just a few dollars over melt.

  9. michellespendcer says:

    PS: I don’t often feel like never sell but Sandstorm feels like it.

  10. ctogno says:

    Does anyone know what Growth Stock Wire’s recent push for Dr. David Eifrigs “How to Buy Government Created Silver for $3.00” is referencing?

  11. brenda says:

    The price of Sandstorm Gold is finally coming down — under C$1.30 for the first time in a month or so. I can easily justify $1.30 if you think Gold will remain over $1,500 an ounce for a few years, and I don’t know what gold price analysts are using but there are now enough analysts covering SSL.V to get a forward PE estimate, and they say SSL is trading for 18X next year’s earnings with growth projected at 20% per year for the next five years (at current plans, the big jump is for 2012/2013 earnings at around 50%, depending on when projects come online, but that’s the average longer-term forecast). The price can obviously bounce around a lot, and is still a good 25% above where it was before the teasers began, but now that we’ve burned off some of the exuberance following those dual newsletter recommendations the price is getting a lot more attractive to me than it was a few weeks ago. I still own it, don’t have plans to buy any more presently.

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