The original initiated price of this coverage was $14.40. Over the time span of this coverage, the underlying security paid 3 dividends, comprising 1.0% dividend income.
Gold finally hit my price target, yea i said end of September, i think, and its mid october. I said short gold on the last few spikes until gold hit my target price of 1599. Gold has touched that price intraday, about two times in the last 3 weeks or so. I consider this a double bottom and i must reverse on gold. I'm raising my price target to 2250 cuz i think we bottomed for now. The lowest i could see gold going for now is about 1588 but i doubt it. Buy AUY on weakness for gold is going to go higher despite slow economic growth next quarter due to the demand in gold from Asia, mainly INDIA. The economy would have to improve a great deal for gold to stall out over a mult-year period. Emerging market growth will be sure to keep a bid in gold under improving conditions, just like deflation can hammer gold down. As gold approaches 1900 and 2000 this winter, the management team should have no trouble leveraging earnings to send the equity price over 20 USD before next summer.