The author is long GORO, citing rising gold and silver prices, increased mining volume, and expected next-quarter earnings growth as catalysts.
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GORO — LONG The author is long GORO, arguing that gold and silver are rising as hedges against the USD, which benefits the miner. The author notes volume is up double normal amount today and that the company is mining more silver than ever, with next quarter's earnings expected to drive the stock higher. The author cites the year-to-date rise in silver price per ounce as supporting the thesis. resolved_entity_name_mismatch
Volume is up double normal amount today. Gold and silver are on the rise. There’s no stopping silver and gold as they hedge against the usd. Next quarters earnings is going to make this go up. They are mining more silver than ever and you can see what the price per ounce of silver has done ytd.