Top 10 Gold Stocks for New Money Now
Well Fools, you asked for it! :) A few of you e-mailed me or posted comments in my direction over the last several weeks asking if I could revisit my top-10 list from the beginning of the year, with appropriate updates for where I would be likely to deploy capital right now within the sector.
Here is the result:
Top 10 Gold Stocks for New Money Now, Part 1
Top 10 Gold Stocks for New Money Now, Part 2
While I was at it, I opted to treat the gold stocks separately from silver (which I hope to address in a subsequent piece). Anyway, not only are these the ten stocks I feel most bullish about among all CAPS-rateable stocks above the $100m market cap threshold, but most of them are also stocks that I was busy accumulating during the recent bout of weakness for the stocks. Of course, I own all 10 selections within my personal portfolio.
It certainly was not my intention to have the series coincide with such an immensely powerful reversal of investor sentiment for the group, but I am not complaining about the coincidence. For investors who may have been waiting on the sidelines for a first indication of renewed strength from gold stocks, today could have been that signal. To the extent that is so, I hope Fools enjoy and appreciate my carefully selected list of the top picks in gold.
I would really love to have your active feedback on these. Which selections do you agree with, and which ones left you wondering why another was not selected in its stead? If you support the selections, would you have sequenced them differently, and why? If you own several of the selections yourself, perhaps you wouldn't mind listing the ones you own in a numbered list according to your own relative allocation between them. Is there another gold stock you were busy backing up the truck on in recent weeks? Please note, I am notsecond-guessing my own selections nor asking for someone to convince me another pick was justified ... I am quite certain that these are the ten stocks I am most bullish about at the moment, and if it turns out there were a few better stocks to choose from I can live with that. But I'll wager this, conservatively: by the time gold hits $2,000, the average total return from today on these 10 stocks will easily surpass 50%, and likely have a shot at 100%.
Thank you in advance for your readership, your feedback, and your recommendations here and at the source in the event you value the content.