gold stocks
Gold Stocks/ETFs A Better Buy
This NY Times article talks about why gold stocks and ETF’s might be a better investment choice right now. Some strategists say gold-mining stocks may be more attractively priced than the commodity itself right now, largely because the stocks plummeted in the broad market downturn last year. The article also gives comparison to stocks which dropped over 26% last year, but only rose 13% this year, giving investors more upswing room.
What a difference a week makes to world’s hottest mining stocks
The world’s biggest 100 mining stocks, measured by value, currently carry an aggregated value of USD 954bn, and have “bounced” by 90%, on a weighted average basis, from low stock prices seen during the latter part of 2008. The benchmark MSCI Barra dollar index for all global equities has so far managed a bounce of just 22%. A selection of the world’s Top 100 “hottest” mining stocks, worth an aggregate USD 41bn, have bounced by 313%, on a weighted average basis.
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