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.

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.

Gold Stocks Glitter: ABX, ELD, EGO, AEM, GG, GLD

Gold stocks rallied hard today as the shiny metal broke through the $1400 mark. Barrick Gold (NYSE: ABX) moved up 4.06% to close at $51.21. Agnico-eagle Mines (NYSE: AEM) jumped 3.21% to close at $82.51, hitting a 52-week high. The popular Eldorado Gold Corp (NYSE: EGO) rose to $18.94 while Goldcorp Inc (NYSE: GG) ended 2.99% higher to close at $47.61.

Gold has been on an absolute tear lately. The SPDR Gold Trust (NYSE: GLD) which tracks the price of gold, has risen almost 17% in the past 3 months.