Our Top Choice in Gold Stocks

Article Excerpt

Gold moved up from $300 an ounce in the early part of this decade to over $1,000 in 2008. It fell to $700 in November 2008 as the stock market bottomed out. Like the stock market, gold has regained some of its losses and now trades at around $900. We feel gold will eventually surpass its recent highs. We also feel that the best way to profit from rising gold is through Newmont Mining. Its high-quality mines should last decades, and its costs are coming down. As well, most of its production is in politically stable areas, such as North America and Australia. NEWMONT MINING CORP. $39 (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 454.3 million; Market cap: $17.7 billion; Price to- sales ratio: 3.4; WSSF Rating: Average) is one of the world’s largest gold mining companies, with major operating gold mines in the United States, Canada, Australia, Peru, Bolivia and Ghana. Gold accounts for about 85% of…

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