Stock Guru Profile APLL
The President of Apolo Gold & Energy Inc. is involved in a Nevada Gold Mining Project. The current and future price of gold is significant to this endeavor. Richard Arvedlund, the founder of Cypress Capital Management, which has $450 million in assets and is now a unit of WSFS Financial, sees a bright future for the price of gold in the recent issue of Barrons.
We remain very, very positive on gold and the precious metals, because in an economic slowdown, demand for the dollar will decline.
Q: Have you stuck with your gold and silver positions?
A: We’ve stayed the course. It has been one of the most volatile situations I have ever been involved with. When I chatted with you last year, gold was about $475 or $500, then had a magnificent rally to $700-plus in May, and then began a magnificent correction — I’m being Christian — which drubbed the gold stocks.
Now, gold has rebounded above $600, and I would look for a very significant move in gold the next two years. I would hazard a guess that the gold market will appreciate by $200 to $300 an ounce over that time frame, and it will be driven by another decline in the dollar. We would recommend people to have a hedge position in precious metals using either the bullion directly or gold-mining stocks.
The price of gold currently is good but the kind of rise that Avelund foresees would be a great boon for Apolo.
Stay tuned for more on this company.
Source: Apolo Gold & Energy, Inc. and Barrons, November 13, 2006
APLL — Apolo Gold & Energy, Inc.
1209-409 Granville Street
Vancouver, BC V6C 1T2
CAN
Phone: 604-687-4150
Website: http://www.apologold.com
Safe Harbor Statement: All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company’s behalf, that are not statements of historical fact, constitute “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company’s Annual Report on Form 10-K for 2005 as filed with the Securities and Exchange Commission. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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