Gold now trades at around $1,369.00 U.S. an ounce. That’s up 22.6% from $1,117.00 a year ago.
We think gold could go higher, but we expect the price of the metal to get more and more volatile.
(You can get our latest views on the outlook for gold, as well as our latest advice on lower-risk gold investing strategies, in our …read more »
Gold is trading near all-time highs — and could go higher. That’s because many investors fear that artificially low interest rates and high government budget deficits will spur inflation.
We still think the best way for aggressive investors to profit in gold is through junior miners that are raising production by adding new mines. Here are four examples:
New Gold $9.33, Toronto …read more »
Many investors fear that today’s artificially low interest rates and high government budget deficits will spur a huge rise in inflation.
These fears are prompting many investors to devote more of their money to investing in gold and gold investments, because they believe gold will provide them with additional security. That helps explain why the price of gold has risen …read more »
EUROPEAN GOLDFIELDS $14.36 (Toronto symbol EGU; SI Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 182.4 million; Market cap: $2.6 billion; No dividends paid) holds a 95% interest in Hellas Gold. Hellas owns three gold and base-metal deposits in Greece: the Stratoni zinc/lead/silver property, the Olympias gold/zinc/lead/silver project and the Skouries copper/gold property.
In the three months ended September 30, …read more »
Gold hit yet another all-time high of $1,383.10 U.S. an ounce in yesterday’s trading. It closed the day at $1,381.00, up $45.50.
A major factor in this latest gold-price rise was the Federal Reserve’s Wednesday announcement that it plans to inject $600 billion into the U.S. economy. That could spur inflation or further weaken the U.S. dollar. Continued low interest rates …read more »
GABRIEL RESOURCES $5.84 (Toronto symbol GBU; SI Rating: Speculative) (416-955-9200; www.gabrielresources.com; Shares outstanding: 342.6 million; Market cap: $2.0 billion; No dividends paid) jumped 30% in September after a committee of members of several Romanian government ministries confirmed that the environmental-permitting process for Gabriel’s Rosia Montana gold project will continue.
The environmental-impact assessment will likely take three to six months, and will …read more »
Gold hit a record high of $1,300 U.S. an ounce during yesterday’s trading. It closed the day at $1,298.60.
A major factor in gold’s recent rise has been investor fear that a faltering economic recovery could prompt governments to inject more money into their economies. That could spur inflation or weaken their currencies. Continued low interest rates only add to …read more »
IAMGOLD $18.21 (Toronto symbol IMG; SI Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 372.1 million; Market cap: $6.8 billion; No dividends paid) has interests in five gold mines in Africa, one in Quebec and one in South America.
In the three months ended June 30, 2010, IAMGold’s cash flow was $64 million, or $0.17 a share. (All figures except share price and …read more »
NORTHGATE MINERALS CORP. $3.43 (Toronto symbol NGX; SI Rating: Speculative) (604-681-4004; www.northgateminerals.ca; Shares outstanding: 290.9 million; Market cap: $997.9 million; No dividends paid) has entered into a preliminary financing agreement with France’s Banque BNP Paribas.
Northgate will use the $100-million debt facility to help fund its Young-Davidson gold mine in northern Ontario. The company already holds cash of $204.2 million.
The $339-million …read more »
YAMANA GOLD INC. $10.60 (Toronto symbol YRI; SI Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 741.0 million; Market cap: $7.9 billion; Dividend yield: 0.8%) reports that its cash flow per share rose 28.6% in the latest quarter, to $0.18 from $0.14.
Yamana’s production rose 5%, to 253,264 ounces of gold. As well, the company sold its gold for an average of $1,201 …read more »
Gold stocks are investments in companies that mine or explore for gold. Gold is often viewed as a safe investment, so prices of these stocks will often increase in response to political or economic worries, which raise the price of gold. Instead of buying gold directly, Pat McKeough feels the best way to invest in gold is to buy the stocks of high-quality gold-mining companies.
Our free report reveals how you can increase your profits — and cut your risk — in gold investing: Gold Investing: 7 Profitable Strategies for Investing in Canadian Gold Stocks
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