Analysis on Newmont Mining and Goldcorp: Gold's 2013 Projections Solid
LONDON, January 18, 2013 /PRNewswire/ --
Gold ended 2012 with a gain of 7.1 percent, but many gold miners have not really been able to impress investors last year as their cash generating aptitude seemed to have lost some steam. There is, however, a renewed sense of optimism for 2013; hence StockCall starts this year's technical analysis on two of the industry's top players. Free technical research report is accessible for Newmont Mining Corporation (NYSE: NEM) and Goldcorp Inc. (NYSE: GG) at
Gold prices look poised to increase in 2013, as a number of factors are working in the yellow metal's favor. Currency fluctuations for a number of the world's top economies look to continue in 2013, which could drive more investors into gold. Select industry players, like Goldcorp Inc., have also recently announced the commencement of new commercial production projects, which should contribute significantly to production volumes. Goldcorp has projected its share for the gold production from its Pueblo Viejo joint venture project to be between 330,000 and 435,000 ounces. Pueblo Viejo is one of the world's largest gold assets. As Goldcorp continues its fast-track growth within the major gold miners' arena, our technical analysts have issued their latest report on the company. Download it for free at
Many investors are also piling into gold as a hedge against inflation, as well as a relatively safer alternative to the sometimes volatile stock markets. Gold has easily beaten inflation in the U.S. over the last decade, and many analysts think this year will be the same. With several federal stimulus plans in place around the globe, the devaluation of currencies could also lead gold higher. This is an interesting trend to follow for shareholders of Newmont Mining Corporation [Free Report on NEM](1) as the company had stated its dividend payment would be reflective of the gold's performance. This gold miner, the second biggest in the world, has the highest dividend yield in the industry.
Countries are also getting in on gold, as Germany's central bank recently decided to recall all of its gold reserves from France as well as some from the U.S. The move is designed to provide leverage against currency fluctuations down the road.
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1. Newmont Mining Corporation Technical Analysis [ http://www.StockCall.com/NewmontMiningCorporation011813.pdf ]