10 Gold Stocks for 2008

2) Goldcorp(GG Quote - Cramer on GG - Stock Picks), a Vancouver-based miner, operates geographic zones similar to Newmont's. Record gold production for the company in 2007 is expected to be followed by another record in 2008, and the company just announced its first monthly dividend a few days ago. This well-managed company goes back and forth with Newmont for the title of second-largest gold miner by market cap.

3) Toronto-based Barrick(ABX Quote - Cramer on ABX - Stock Picks), the world's biggest gold company by market cap, has operations in the U.S., Canada, Australia, South America and Africa. Gold bugs have always complained about this company's hedging policy (though it has been scaled back from what it was a few years ago). I happen to think its current policy of hedging specifically to fund future projects represents level-headed management, and its share price has dramatically outperformed that of Newmont over the last three years, although it has underperformed the above-mentioned Goldcorp).

4) Anglogold Ashanti(AU Quote - Cramer on AU - Stock Picks), the large South African producer, has operations that center on Africa, Asia and South America, but does have some U.S. operations as well. Technical types might like the look of the chart, because although it has underperformed most of the other large caps, it looks like it might be breaking out of a long-term sideways consolidation. If the price of the metal stays here or goes higher in the short-term, this stock might be ready to play catch-up.

Mid-Caps

With the consolidation activity we've seen in the last couple of years, it is reasonable to assume that trend will continue in 2008. The following companies are worth a look on their fundamentals, but they might also look pretty attractive to potential acquirers.

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