5 Gold Stocks That Could Plummet In 2013

Wed, 04/25/2012 - 11:34 EDT - Seeking Alpha

By Mel Daris:I have never been a big fan of gold investing personally. The yellow metal is, of course, the premier non-performing asset in the world. Gold accomplishes nothing when held as an investment. It creates no jobs, no products and no ideas. It simply remains in a vault. However, its scarcity makes it an excellent hedge against inflation, something which the Fed's current monetary policy has only bolstered. However, nothing lasts forever, and the sun will set on the Fed's policy of cheap money. Is it then worth the risk to invest in these gold stocks before the big price plunge?
The Companies
First up is Kinross Gold (KGC), a miner and processor of gold, silver, and copper ores. The Toronto-based company produces gold from mines on four continents and has proven reserves of 63 million ounces of gold, 85 million ounces of silver, and 1.4 billion pounds of copper. TheComplete Story »

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Why Chile’s Gold Riches Are Worth Fighting For
As the gold market continues its lustrous trend, the corporate elbowing and shoving to get at the richest buried treasures is getting increasingly cutthroat. A prime example involves northern Chile’s clutch of mostly prolifically sized gold/copper deposits. Located in the Maricunga Gold Belt, five deposits are in various advanced stages of development while a trio of mines is already making money.
Argentina’s Gold Mining Boom: A Lustrous Trend
Since the overhaul of Argentina’s protectionist mining laws in 1993, gold production has seen a parabolic rise from a paltry 36,000 ounces to 1.40 million ounces in 2008. (Data for 2009 has not yet been made public). This makes Argentina the third most prolific producer in Latin America. Only Peru and Brazil posted better numbers at 5.78 million ounces and 1.55 million ounces of gold, respectively. However, of these three gold-rich nations, only Argentina has seen a dramatic rise in its output in recent years.
4 Gold Miners With Recent Insider Buying
By Markus Aarnio:Gold (GLD) prices have made their highest monthly gains during the winter months (November - February) and the slowest growth have occurred in the Spring/Summer months (March - August) since 2002.
3 Reasons To Buy Barrick Gold
By Markus Aarnio:Barrick Gold (ABX) is the gold industry leader, with interests in 26 operating mines and a pipeline of projects located across five continents, in addition to large land positions on some of the most prolific mineral districts.
Barrick Should Dig For Better Deals And Pass On Kinross
ByTroy Bayer:Per a report from Veritas Investment Research in Toronto, Barrick Gold Corporation (ABX) is exploring the possibility of acquiring Kinross Gold Corporation (KGC), Canada's third-largest gold miner.
Gold Mining Keeps Booming In Mongolia
By Jon Springer: It has been said that the best place to look for a new mine is next to an existing mine. -- Harris Kupperman, Mining Services Primer, Nov. 10, 2009.
Yamana Gold: Underwhelming
Try as we may we just cannot get excited about Yamana Gold Incorporated (AUY) it is range trading at a time when gold prices are close to hitting new highs. This stock touched $14.00 in November 2009 and here we are as of Friday closing at $12.60. Still, Thursday, Yamana Gold published figures regarding its mineral reserves so we will take a quick look at the highlights.
Detour Gold Expands Its Reserves; Stock Reacts Positively
Michael Moretto submits: Detour Gold (DRGDF.PK), sole owner of the Detour Lake project, announced on January 31st an increase in its proven and probable reserves. Over 3.5 million ounces were added bringing the new Proven and Probable figure to 14.9 million ounces from 11.4 million. This has also led to an increase in the project life of the mine to 21 years from 16 years.
Bright and Shiny Upside for Copper and Gold Miners, Part 1
Gary Dorsch (Global Money Trends) submits: For traders in the metals markets, Freeport McMoran Copper & Gold (FCX) ranks among the crown jewels of the global mining industry.
Mexican Gold: Big Output Boost Expected in 2010
Mexico’s ever-expanding gold mining industry is on-target for another banner year in 2010. In fact, output is expected to jump by an additional 880,000 ounces next year to nearly 2.5 million ounces, representing an approximately 50% increase over 2009’s projected figures (which have yet to be announced).Much of the additional output will come from the ramping-up of production at the world-class gold/silver Penasquito mine in Zacatecas State. Owned by the world’s fifth largest gold producer, Vancouver-based Goldcorp Inc.

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5 Gold Stocks That Could Plummet In 2013

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