CDE and UXG Update

Posted on November 16, 2007 , Filed Under Stocks

Following my October 29th, 2007 article on US Gold Inc. [[UXG]] and Coeur dAlene Mines Corp. [[CDE]], UXG hasn’t followed through with the chart analysis I posted, while CDE has risen dramatically.

Both stocks have fallen in-line with the overall drop in gold and silver prices. UXG continues to be a speculative exploration investment with strong experienced management running the company. I expect the stock to move in-line with the direction of gold prices.

CDE has recently been upgraded by JP Morgan Chase and I suspect institutional investors are developing interest as the company replenishes its silver reserves. Couer is anticipating to be the world’s largest primary silver producer after the acquisition of Bolnisi Gold NL and Palmarejo Gold and Silver Corporation.

CDE has been a top pick of mine and I have posted previous Coeur dAlene Mines Corporation analysis over the past year.

*Disclaimer: The author owns shares in CDE and UXG.