Sunday, December 26, 2010

Which Gold Stock Is Ready To Shine? EGO, AEM, NG, AUY, ABX

NEW YORK - The price of gold swung wildly upon opening after the long weekend. The glowing metal managed to maintain its price at approximately $1382 an ounce. Gold could still be heading higher as the United States government continues to print money and emerging markets such as China and India aggressively purchase the material. Some of the best ways to play gold are with the mining stock such as Eldorado (NYSE: EGO), Agnico Eagle (NYSE: AEM), Yamana gold (NYSE: AUY), and Barrick Gold (NYSE: ABX). Novagold (NYSE: NG) is away to play the price of the commodity without the large fluctuations in mining disruptions. The company has what could be the largest deposit of gold in North America, and has not begin production yet. This stock trades mainly on the price of gold, devoid of mining and production hindrances.

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