I’m bearish on gold for the next one to three years. I think we’re headed for deflation, which is an environment in which gold doesn’t perform well. I will say that I’m extremely bullish on gold long term and that after a very difficult stretch, it could see record highs within a decade. Based on these projections, long-term holders should do nothing and anyone interested in jumping in might want to wait for better prices. That said, it’s always possible I’m wrong. So, whether you want to put a gold stock on your watch list or jump in now because you’re bullish on gold, consider the information below.
What’s interesting about the five gold stocks listed below is that only one of them really piques my interest. A lot of gold bugs, and investors in general, will look for the highest yield, but that’s not what successful investing is about. For instance, you will notice that the highest-yielding stock below depreciated more than 20% over the past year. There is no point in looking for high yield if the stock is likely to depreciate. (For more, see: What Moves Gold Prices?) Let’s take a look at those five gold stocks: Goldcorp, Inc. (GG), Yamana Gold, Inc. (AUY), Barrick Gold Corp. (ABX), Agnico Eagle Mines Ltd. (AEM) and Franco-Nevada Corp. (FNV).
Source: Investopedia
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Posted by D4L | Wednesday, May 20, 2015 | ArticleLinks | 0 comments »________________________________________________________________
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