The Masters told you in Dec, Gold Stocks to Buy in 2009 (AEM, AUY, KGC)
Its fun being right, since the market has shit canned itself, investors have been running to gold and more importantly the Gold stocks. We spotlighted three of our favorite gold stocks in December, told you to place your bets, and you bet they have paid off.
Agnico-Eagle Mines (NYSE: AEM) Yamana Gold (NYSE: AUY) and Kinross Gold (NYSE: KGC), three of the best
Tickers Alone: AEM, AUY, KGC. Check out these gains, fun is fun:
| Stock | Dec Price | 2/12 Price | $ Gain | % Gain |
| AUY | $ 6.78 | $ 9.15 | $ 2.37 | 35% |
| KGC | $ 17.00 | $ 19.03 | $ 2.03 | 12% |
| AEM | $ 47.09 | $ 55.74 | $ 8.65 | 18% |
In December:
Name![]() |
Symbol![]() |
Last price![]() |
Mkt cap![]() |
Avg vol![]() |
52wk high![]() |
52wk low![]() |
EPS![]() |
P/E![]() |
Beta![]() |
| Yamana Gold Inc. (USA) | AUY |
6.78 ![]() |
4.74B | 20.37M | 19.93 | 3.31 | 0.44 | 15.56 | 1.27 |
| Kinross Gold Corporation (USA) | KGC |
17.00![]() |
11.20B | 11.64M | 27.4 | 6.85 | 0.54 | 31.19 | 0.36 |
| Agnico-Eagle Mines Limited (USA) | AEM |
47.09![]() |
6.78B | 5.47M | 83.45 | 20.87 | 0.81 | 57.85 | 1.00 |
Today's Price:
| Company | Ticker | Quote change | Market cap | |||
| Agnico-Eagle Mines Limited (USA) | AEM | 55.74 | -0.60 | (-1.06%) | 8.02B | |
| Yamana Gold Inc. (USA) | AUY | 9.15 | +0.04 | (0.44%) | 6.71B | |
| Kinross Gold Corporation (USA) | KGC | 19.03 | -0.16 | (-0.83%) | 12.54B | |
Gold, gold, gold, its all anybody is talking about, if you made the bet, congrats.
NEW YORK (AP) — Gold prices continued their ascent Wednesday, logging a two-day advance of nearly 6 percent, amid lingering concerns over the health of the country's banks.
Oil prices and agriculture futures fell.
Gold prices have soared this week as anxiety on Wall Street remains high. Investors are largely disappointed in the Treasury Department's overhaul of the financial bailout package passed last fall. As a result, the market is losing faith in the government's ability to restore the ailing industry, as well as the economy, to health.
In times of economic distress, investors often move to gold for safety as its value holds up much better than many other investments.
There is also an increasing concern that the government's efforts to revive the economy will trigger inflation over the long term. The market is awaiting a resolution on a nearly $800 billion economic stimulus package. Key lawmakers announced agreement Wednesday on a bill that reconciles differences between the House and Senate versions, and President Barack Obama could sign it within days.
The bill centers on the creation of millions of jobs as well as the devotion of billions of dollars to a vast public works program. As a result of so much money being pumped into the system, economists warn that inflationary pressures may return. Gold is often used as a hedge against inflation.
Gold for April delivery jumped $30.30 to settle at $944.50 an ounce on the New York Mercantile Exchange — its highest close since last July.
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