Claude Resources Looking like 2011 Gold Mine

Claude Resources Inc., a junior producer in the gold mining game, are finding themselves with a strong hand in the gold game as of late. The company has consistently found positive results in their mining excavations earlier this year, and continued the trend into April. In January they reported increases in second half gold production by 24%.

With the dollar declining in value over the last year, gold and silver have risen drastically. With no positive news coming out of Washington concerning the strength of the dollar, gold is predicted to continue rising through the remainder of the year and then post strong conservative numbers in 2012. Claude Resources seems to be right on target to meet the demand as more and more investors are looking to invest in gold.

Many investors over the last two years have been looking more for a hands-on type of gold investment, however, they are finding themselves meeting dealers who are inflating the cost by as much as 60% of what it is currently worth. Investing in a gold company like CGR, which has more that doubled over the last year, makes perfect sense; they have their hands on the gold for you and are pulling it out of the ground at increasing rates.

Reuters maintains a strong outperform rating and the average expectant target price is $3.05. CGR closed today at $2.18.

*Note, I do not, nor have I ever, owned any share of Claude Resources Inc. For more information about Claude Resources Inc. visit their website at www.clauderesources.com or www.goldalert.com.