Gold Mining Looking to Catch Up to Gold Prices
November 08 2011 - 7:30AM
Marketwired
In a recent Wall Street Journal article 'Gold Massacre Gives Gold
Stocks Chance to Catch Up' it is outlined how, "The shares of gold
producers have significantly underperformed the gold price so far
in 2011," but analysts still are saying the sector is "highly
profitable."
Lawrence Williams of Mineweb wrote, "Good management, strong
finances and, of course, an exciting, and big, gold find in a
politically stable area... can provide remarkable opportunities."
Mr. Williams continues with "From the investor point of view the
major Tier 1 gold stocks offer the safest investment option,
although potential gains can increase almost exponentially as one
goes down the list through mid-tier miners, juniors, and
ultimately, explorers." Some companies that fit that model are
Rio Tinto plc, Andover Ventures, Inc. (TSX-V:
AOX) (PINKSHEETS: AOVTF), NovaGold
Resources.
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