Best Gold Stocks To Buy Right Now

[ April 12, 2012 | Author: admin | Views: 27614 | Weather: | Mood: normal]

When it comes to picking gold mining names in the current market environment, John Stephenson, author and portfolio fund manager at First Asset Investment Management, believes that buying the “best of breed” is the way to go. In this exclusive interview with The Gold Report, he explains his reasoning in light of how the current global economic environment is affecting prospects for the metals markets and valuations of mining company stocks. He also talks about his favorite picks in a range of three production classes and why he likes them. Best Gold Stocks To Buy: Royal Gold Inc. (RGLD) Royal Gold, Inc., together with its subsidiaries, acquires and operates precious metals royalties. The company owns royalty interests in various production, development, evaluation, and exploration stage projects, which explore for gold, silver, copper, lead, and zinc metals. It holds royalty interests in properties located in the United States, Argentina, Australia, Bolivia, Brazil, Burkina … Continue reading

[ April 2, 2012 | Author: admin | Views: 35997 | Weather: | Mood: normal]

The gold mining industry is watching its production costs surge amid rising energy prices, inflation and increasing labour costs. Now, Barrick Gold (NYSE: ABX, Stock Forum), the world’s largest primary gold producer, says its total cash operating cost could increase 13% to 22%. Meanwhile, Newmont Mining (NYSE: NEM, Stock Forum), another key gold stock, expects to see a 6%-to-14% rise in costs applicable to gold sales. The industry is hoping that rising gold prices will buoy the hike in production costs. An annual survey of industry predictions by the London Bullion Market Association forecasts gold could top $2,000 an ounce this year. The outlook – made by 26 leading precious metals analysts from the world’s largest bullion-dealing banks and trading houses – underscores bullish speculation of gold prices in the broader market. All but two forecasters predicted that gold would surpass $1,900 an ounce this year, while 73% of those … Continue reading