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The Round Rock Wealthbuilder's Meetup Message Board › Insider buying of gold stocks surges to multi-year highs

Insider buying of gold stocks surges to multi-year highs

Dan Caldwell - Wea...
user 3188546
Round Rock, TX
Post #: 203
The Globe &Mail (Canada)
March 25, 2013

According to INK Research, there are now seven precious metals stocks on the TSX with insider buying for every one with selling. That’s a near doubling of the ratio since mid-January – and represents a level of lopsided transactions that is usually only seen during major market peaks or valleys.

“That is the type of insider buying we saw in the broad market during the height of the great financial crisis in late 2008 and early 2009,” points out Ted Dixon, CEO of INK Research. “A similar situation now seems to be in place among gold and silver miners.”

Insiders are typically contrarian investors – buying shares when they perceive them to be undervalued. Right now, it appears many think the stocks are going for fire-sale prices.

More:
http://www.theglobean...­
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