IAM GOLD is a mid cap Gold Mining canadian company. Level under USD 2.00 is a good buy for an horizon time of 1-2 years.
IAM GOLD book value per share is at USD 7.00. The stock closed at USD 1.55. It is a very good discount for investors who want to buy a cheap but good company.
IAMGOLD Corporation engages in the exploration, development, and operation of mining properties. Its products include gold, silver, niobium, and copper deposits
IAG -buy now and lower
Quick duration trade. I like this weak chart with a failed b/o above the descending channel.
Entry was 11
Stop: HOD 1/7/13 = 11.13
Target: 10.50 and if it breaks below then I'll reevaluate.
