BOCA RATON, FL -- (Marketwire) -- 02/12/09 -- Gold continued its recent gains and climbed above $940 an ounce, the highest levels in over seven months as investors continue to buy the precious metal as doubts linger on global and US economic stimulus plans. We are recommending some exposure to gold and or gold producers. Some names we like include:
Lake Victoria Mining Company (OTCBB: LVCA) updated shareholders this AM on exploration activities. At the Company's Kalemela Gold Project, Lake Victoria Mining Company announced the completion of a detailed 2,226 line kilometer ground magnetic within this property.
Capital Gold (OTCBB: CGLD) announced last week that the Company has produced 13,646 ounces of gold in the second fiscal quarter, this represents a 15% increase over the fiscal quarter ended October 31, 2008 and a 39% increase over the same period in the prior fiscal year.
Randgold Resources Limited (NASDAQ: GOLD) is trending in a very bullish pattern roughly doubling since November.
AngloGold Ashanti (NYSE: AU): Gold sales rose from $777.0 million to $858.0 million.
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