Q: Hi, Pat. Regarding Newmont Mining, your “buy” recommendation is always tempered with “for investors who want to own a gold stock.” Can you explain why investors might want to own a gold stock, and the pros and cons of owning a gold stock?

A: We don’t see golds as an essential part of a sound portfolio, and, in fact, gold investing is a poor choice for most investors. For one thing, it involves considerably more guesswork than other aspects of investing.

The markets for widely traded goods like gold… Read More

Newmont is our top gold

NEWMONT MINING $30.48 (New York symbol NEM; Shares outstanding: 533.4 million; Market cap: $16.3 billion; TSINetwork Rating: Average; Dividend yield: 1.8%; www.newmont.com) is one of the world’s largest gold and copper producers. Its mines are in North America, South America, Australia and Africa.
Newmont continues to open additional… Read More

Newmont is the better Resource buy

NEWMONT MINING CORP. $30 (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 533.4 million; Market cap: $16.0 billion; Price-to-sales ratio: 2.2; Dividend yield: 1.8%; TSINetwork Rating: Average; www.newmont.com) is one of the world’s largest gold and copper producers. The company’s mines are in North… Read More