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Four of the original nine Bear Market Tracker Gold Miner Stocks have been Removed from Recommended list
Four of the original nine Bear Market Tracker (BMT) Gold Miner Stocks, which were recommended on August 4, 2010 at www.bearmarkettracker.com are being removed from the recommended list. The annualized Cash Flow From Operations (CFFO) for each of the four companies declined over their last 12 months as compared to the previous comparable 12 months. To make and stay on the list the companies must have positive cash flow growth. The four include Harmony Gold Mining (HMY), Capital Gold Corp (CGC), Iamgold Corp (IAG) and Richmont Mines (RIC). Gains for the four from August 4, 2009 to April 30, 2010 ranged between 3% and 68%.
Past Gold Miner Recommendations and Performance
(all removed on 4/30/10)
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Company
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Symbol
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Date
Rec.
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Price
@ rec.
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Removal
Price
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%
Change
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HARMONY GOLD MNG LTD
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HMY
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08/04/09
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$9.44
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$9.77
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+3.0%
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CAPITAL GOLD CORP
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CGLD
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08/04/09
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$2.48
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$3.66
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+50%
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IAMGOLD CORP
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IAG
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08/04/09
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$10.84
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$17.97
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+68%
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RICHMONT MINES INC
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RIC
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08/04/09
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$3.10
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$4.56
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+50%
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The shares of two new gold miners have been added to BMT’s recommended list. For access to these two and the other five which were all recommended on August 4, 2009, go to www.bearmarkettracker.com.
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