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

Deal puts Newmont on top

NEWMONT MINING $33.71 (New York symbol NEM; Shares outstanding: 532.7 million; Market cap: $18.0 billion; TSINetwork Rating: Average; Dividend yield: 1.7%; www.newmont.com) has agreed to a buy Vancouver-based Goldcorp Inc. (Toronto symbol G) for $9.1 billion.
The new company—called Newmont Goldcorp—will produce up to 7.. Read More