Many people are considering as an investment for gold prospectors. Gold rose to a greater extent than the miners, largely based on a broad expectation that gold prices will not this current price range to keep. However, no gold prices fall significantly, should narrow this important release. If the rising price of gold occur, then the miners must ultimately benefit dramatically. If they are priced with the expectation that gold should fall, they could soon start to rise in price, even if gold does not. This game of catch-up can be considerable, especially when driven by a quantitative easing any future announcements.
Here are seven large cap (over $ 10 billion) gold miners traded in the United States. I have their current income, and their 1-month, 2011-to-date performance and 1-year rates. I also provided the same for folding.
Barrick Gold (ABX)
* Yield: 1%
* 1-month: 7.59%
* 2011 to date: -2.83%
* 1-year: 13.99%
Goldcorp (GG)
* Yield: 0.8%
* 1-month: 11.25%
* 2011 to date: 16.03%
* 1-year: 22.89%
Newmont Mining (NEM)
* Yield: 2%
* 1-month: 12.9%
* 2011 to date: 9.71%
* 1-year: -0.6%
Kinross Gold (KGC)
* Yield: 0.7%
* 1-month: 3.98%
* 2011 to date: -1.37
* 1-year: 1.06%
AngloGold Ashanti (AU)
* Yield: 1.58%
* 1-month: 7.8%
* 2011 to date: -7.42%
* 1-year: 8.47%
Yamana Gold (AUY)
* Yield: 1.2%
* 1-month: 22.83%
* 2011 to date: 25.62%
* 1-year: 59.52%
Agnico-Eagle Mines (AEM)
* Yield: 1%
* 1-month: 21.85%
* 2011 to date: -9.88%
* 1-year: 7.23%
gold
* Return: 0%
* 1-month: 12.77%
* 2011 to date: 28.21%
* 1-year: 46.17%
Some of these miners, and the Market Vectors Gold Miners ETF (GDX), that the above companies in the top holdings, it can in the short term overbought.
source:seekingalpha
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