Barry Allan of Mackie Research issued an interesting note Monday morning which discussed the likely effects on gold-related stocks should the commodity fall to $1,000 per ounce or below.
Allan does not believe gold will fall to levels below $1,000 per ounce amid strong long-term demand moving forward.
The Mackie analyst ran stress tests on the following stocks, placing each into a "Thrives," "Survives" or "Dies" category (only US-listed stocks are seen below).
Thrives:
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- AuRico Gold AUQ
- Barrick Gold ABX
- Newmont Mining NEM
- Agnico-Eagle Mines AEM
- New Gold NGD
- Alamos Gold AGI
- IAMGOLD IAG
- Lake Shore Gold Corp. LSG
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