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    AngloGold Ashanti Could Jump 20% In 2013

    Wed, 05/16/2012 - 15:28 EDT - Seeking Alpha
    • ABX
    • AU
    • GG
    • Mel Daris
    • NEM
    • VALE

    By Mel Daris:According to the general belief, gold has been the yardstick for major investment decisions as it is the most stable commodity in the market. Thus, it is not surprising that investors in gold usually do well in nearly every fiscal quarter or year barring any volatility induced by stoppages in production.Interestingly, one gold stock that perfectly fits the bill of a rising gold stock is AngloGold Ashanti (AU). The trend starts with the recent announcement of the first-quarter results, which saw the stock rising with adjusted earnings of $429 million. This is about $1.11 per share, which more than doubles the earnings for the same period in the previous year.In essence, the first-quarter results clearly show that AngloGold Ashanti was able to rise even with the fact that production went down 6% to 981,000oz, due to the safety stoppages in South Africa.However, in recent news, the company'sComplete Story »

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