by Byron King
Daily Reckoning
Our mission at Rickards’Gold Speculator is to identify precious metal plays with significant share price upside. The upside could come from either normal appreciation over time, or due to quick pops via takeover.
An example of a quick pop via takeover is Kaminak Gold. In May, our subscribers enjoyed a 37% gain in less than a week. We recommended Kaminak Gold in our Gold Speculator kickoff portfolio on May 9. A few days later, we learned of a $520 million deal (Canadian dollars) for mining giant Goldcorp to take over Kaminak. Kaminak shares rose sharply in price, and we recommended selling into strength.