Gold Mining Stocks | GLG

It’s always nice to wake up to a positive surprise, and the gold mining stocks that were bought yesterday provided that surprise today. GLG, Glamis Gold Ltd., received an offer of acquisition for the company from GG, Goldcorp. This shot the shares of GLG up about 9 points from yesterday. The list of gold stocks mentioned was also up as the trading in the XAU was smokin hot. Some of the best gold stock ideas I’m buying include GLG, AUY, AEM, and MDG mentioned before.

Mergers in the sector are good news for a bullish scenario. In a related sctor, the silver stocks shot higher too. SSRI, PAAS, and SLV are movers there.

No gold stocks were sold. If you’d like to trade gold mining stocks, but keep some diversity, the GDX is an option. As quoted, ‘The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the AMEX Gold Miners index.’ Buying this basket of gold stock would provide the diversity.

Buying in gold mining stocks should be increasing in the next few months if the gold stocks break out here soon.