This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Analysis On Newmont Mining And Goldcorp: Gold's 2013 Projections Solid

LONDON, January 18, 2013 /PRNewswire/ --

Gold ended 2012 with a gain of 7.1 percent, but many gold miners have not really been able to impress investors last year as their cash generating aptitude seemed to have lost some steam. There is, however, a renewed sense of optimism for 2013; hence StockCall starts this year's technical analysis on two of the industry's top players. Free technical research report is accessible for Newmont Mining Corporation (NYSE: NEM) and Goldcorp Inc. (NYSE: GG) at

http://www.stockcall.com/research

Gold prices look poised to increase in 2013, as a number of factors are working in the yellow metal's favor. Currency fluctuations for a number of the world's top economies look to continue in 2013, which could drive more investors into gold. Select industry players, like Goldcorp Inc., have also recently announced the commencement of new commercial production projects, which should contribute significantly to production volumes. Goldcorp has projected its share for the gold production from its Pueblo Viejo joint venture project to be between 330,000 and 435,000 ounces. Pueblo Viejo is one of the world's largest gold assets. As Goldcorp continues its fast-track growth within the major gold miners' arena, our technical analysts have issued their latest report on the company. Download it for free at

http://www.StockCall.com/GoldcorpInc011813.pdf

Many investors are also piling into gold as a hedge against inflation, as well as a relatively safer alternative to the sometimes volatile stock markets. Gold has easily beaten inflation in the U.S. over the last decade, and many analysts think this year will be the same. With several federal stimulus plans in place around the globe, the devaluation of currencies could also lead gold higher. This is an interesting trend to follow for shareholders of Newmont Mining Corporation [ Free Report on NEM] (1) as the company had stated its dividend payment would be reflective of the gold's performance. This gold miner, the second biggest in the world, has the highest dividend yield in the industry.

Countries are also getting in on gold, as Germany's central bank recently decided to recall all of its gold reserves from France as well as some from the U.S. The move is designed to provide leverage against currency fluctuations down the road.

About StockCall.com

1 of 2

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs