Wednesday, December 22, 2010
Which Gold Stock Is Ready To Shine? EGO, AEM, NG, AUY, ABX
Gold stocks have been regaining their luster as gold continues to move higher. Over the last month gold has held its ground, rising just over 2%. Some gold stocks have followed while others lagged behind. Eldorado Gold (NYSE: EGO) (TSE: ELD) was up 6.73% in the past month, Yamana Gold (NYSE: AUY) (TSE: YRI) was up an astounding 8.52%, and Barrick Gold (NYSE: ABX) was up nearly 4%. Stocks that lagged behind were NovaGold (NYSE: NG) down 0.21% and Agnico-Eagle Mines (NYSE: AEM) down 2.3%. It may be time for these laggers to catch up to their peers. With increasing demand from China, gold could be preparing for its next step higher.
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