Top Ten Stock Picks for Metal Investors in 2008
With the declining dollar bouncing the price of gold and silver to historic heights, the year 2008 will most likely see the same trend continue. Many analysts see gold at $1,000 an ounce.
So, for the investors looking for some hot stock picks, follow a general rule for mining stocks, “for the most part, senior gold producer stocks have been the beneficiaries of gold’s move. Usually, majors begin to move then mid-tier, juniors and then finally explorer gold stocks rise,” notes Toby Hansen, who writes for SeekingAlpha.
1. Lihir Gold Ltd. (LIHR)
2. Barrick Gold (ABX)
3. Gold Corp (GG)
4. Newmont Mining (NEM)
5. Anglo Gold (AU)
6. Silver Wheaton (SLW)
7. Pan American Silver (PAAS)
8. Silver Standard Resources (SSRI)
9. Hecla Mining (HL)
10. Coeur d’Alene Mines (CDE)
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[...] Top Ten Stock Picks for Metal Investors in 2008 Â – An article from Silver Monthly giving a list for the top gold stocks to invest in during 2008. [...]
While there are all great stocks and will benefit when funds rush to metals, I think the better plays during 2008 will be junior producers. I offer a view of my portfolio at my website, which includes several Canadian juniors.
Exciting times with silver over $20 and gold approaching $1,000!