The Financial Post's Trading Desk has a short list of gold stocks that would be undervalued, at today's trading prices, if gold goes to $1500. It got me wondering if it was placed in the hopper last night, and mechanically posted at its post time of 8:50 AM ET.
That kind of thinking, I have to say, is speculative. Although I think it likely, gold isn't destined to go to $1500. There are lots of fully-valued industrial stocks that would be undervalued at today's prices if we get 3-4% economic growth in 2010.
However, the post does show, in its own way, that "$1500 is the new $1200."
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