Writing for the
ultra-prestigious Value Line, Sigourney B. Romaine, CFA, gets specific in her
advice about investing in gold:
“At present gold and stock prices, we think it makes
sense to invest a bit in gold. The stock market will probably take a breather
as companies, finally, are forced to hire. And strong gold demand for jewelry,
combined with lower mine output, should lift gold prices a bit.
“More adventurous accounts should consider buying
gold stocks, given the leverage inherent in their cost structures. And several,
such as Agnico-Eagle (AEM), Barrick Gold (ABX),
Newmont, and small-cap Pan American
Silver (PAAS),
have above-average dividend yields. More growth-oriented investors might look
at Goldcorp (GG), which
has an average yield but the best output growth outlook in the industry.”
See all of Sigourney’s well-researched article free
just by clicking its title here:
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