This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Make Money While Gold Shines

NEW YORK ( TheStreet) --As the euphoria over Gold continues, so do the number of investment opportunities.

Sprott Asset Management announced on Wednesday that it had raised $400 million from the initial public offering of Sprott Physical Gold Trust (PHYS)

Sprott Physical Gold Trust (Canada) and Sprott Physical Gold Trust began trading last Friday on the Toronto Stock Exchange and NYSE Arca, respectively.

Analysts expect that the recent emphatic run in gold prices is far from over and continue to hold a bullish view on the price of gold, attributing the optimism to various factors including a weak U.S. dollar, increasing U.S. deficit, and rising global gold demand.

Recent economic developments have boosted investor sentiment for metals, particularly gold. The ADP unemployment report pegged private sector job losses at 20,000 during February, down from 60,000 in the previous month. Greece announced an austerity plan on Wednesday, pledging to implement cost saving measures of nearly 4.8 billion euros ($6.5 billion).

Stock picks

Most gold miners are either ramping up production or taking control of other mines, suggesting a continuing bull-run.

Goldcorp (GG - Get Report)

Barrick Gold (ABX - Get Report)

The company forecasts production to increase to 7.6-8.0 million ounces during 2010, up from 7.4 million ounces last year. It expects to lower costs by approximately 10% as well. According to analysts polled by Bloomberg, revenues are estimated at $9.9 billion during 2010 compared to $8.1 billion in 2009, while earnings are estimated to rebound to $2.39 per share as opposed to a loss of $4.73 posted in 2009. Kinross Gold (KGC - Get Report)

As of December 31, 2009, the company's gold reserves stood at 51 million ounces, up by 5.4 million ounces from 45.6 million ounces a year earlier. The stock has 11 "buy" recommendations, 8 "holds," and 1 "sell" rating, according to TheStreet's analyst ratings guide.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
PHYS $10.72 0.05%
GLD $123.01 -0.19%
ABX $18.46 -3.40%
GG $19.04 -2.40%
KGC $5.45 -3.40%


Chart of I:DJI
DOW 17,719.05 -172.11 -0.96%
S&P 500 2,057.92 -23.51 -1.13%
NASDAQ 4,756.0180 -61.5760 -1.28%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs