Zacks.com Announces That Ed Bugos Highlights the Following Stocks: Iamgold, Cambior, Meridian, Agnico Eagle, and Newmont.

CHICAGO -- Ed Bugos remains very bullish on gold, but says the next 12 months could be rather choppy for the sector. Make sure you're ready for such volatility with this expert's analysis, and discover some of his favorite bets at the moment. Read about Iamgold (AMEX:IAG), Cambior (AMEX:CBJ), Meridian (NYSE:MDG), Agnico Eagle (NYSE:AEM), and Newmont (NYSE:NEM). Ed Bugos is editor of the Goldenbar Report newsletter. Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Here are the highlights from the Featured Expert column:

Gold Share Internals Look Up from July 11

Barrick, Iamgold, Pan American Silver, and Cambior pushed above their 200-day moving averages last week joining the stalwarts in the sector - Glamis, Agnico Eagle, Meridian, Placer, Wheaton, and Silver Standard.

The silver surge caused strong gains in the silver share complex except Coeur d'Alene was left out. Running close behind Iamgold (AMEX:IAG) and the silver stocks last week were, respectively, Cambior (AMEX:CBJ), Meridian (NYSE:MDG), Agnico Eagle (NYSE:AEM), Freeport, and Newmont (NYSE:NEM) who got a tout in Barron's last Monday. Among the worst performers besides Coeur were the South Africans, as well as Bema, Placer, and Glamis.

Excepting Bema, Ed Bugos would categorize all of the above mentioned shares as having better than the average chart - better than the averages themselves at any rate. He also likes Goldcorp's action here, as well as Randgold's, and especially Meridian's.

Caution: Bugos is very bullish on the sector for the moment, but his outlook for the next 12 months is a generally choppy and volatile market for the gold shares in particular. It is typical that during primary gold share liquidations, gold stocks can easily give up more than half of their values. While he has argued that the latest correction does not constitute the beginning of such a liquidation, to the extent that he's right, the primary liquidation must still be ahead of us then.

The question is how much ahead?

Bugos believes it will start when gold has reached his target ($475-$500) on account that this move will represent the end of the current primary sequence that began in 2001 - based on technical premises.

Read Ed Bugos' complete commentary by clicking: http://at.zacks.com/?id=85

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