Best Gold Mining Stocks 2009
The Best Gold Mining Stocks 2009 by top performers as compared to stock prices are Agnico-Eagle Mines Ltd with a stock price of $72.77. The second highest stock goes to Newmont Mining Corp. with a price of $47.21. The third goes to Goldcorp Inc with a stock at $42.98. The fourth is Barrick Gold Corp. with a stock at $40.65. Fifth is Compania de Minas Buenaventura SA with a stock at $37.76.
Deciding on purchasing gold mining stocks depends on how you chose to look at them and your investment. Some chose to buy stock in established mining companies that hold large reserves. Barrick is the largest gold mining company in the world and is relatively stable but they still have their ups and downs. One of the downs was their investment last year in an oil company. This year they wrote it off as a loss which is why their stock dropped.
If you choose the other route and pick a junior gold mining company to invest in, then you may hit it big or not. Most of these smaller companies claim they have good prospects and all have potential but yet to be proven.
There is a gold bull market in at the present time. No one knows for sure how long is will last or if it’s just the first market to help the economies of the world finally pull themselves out of this financial recession the banks put us all in.
With the current gold prices up above $1000 an ounce, gold is still a solid investment. The present spot gold price is$1005.20, as of 10-1-09 and gold has been able to maintain this value or close for weeks now. Best Gold Mining Stocks 2009 are still Agnico-Eagle Mines Ltd and Newmont Mining Corp.