Top Gold Stocks 2013 – Gold Stocks to Buy 2013
Best Gold Stocks 2013 – Below is a list of my latest gold stock picks for 2013. These Top gold stocks are my favorite gold stocks to buy and some of the stocks I will be trading personally. The price of Gold is currently trading around 1700 as we head into 2013. All predictions have the price of gold rising above 2000 in 2013 which is very controversial. Due to the debt crisis we are facing all across the world, investing in gold is now a flight to safety and one of the best asset classes. So is Gold a bubble in 2013? I doubt it! As long we continue to print more money to solve our debt problems, Gold prices will continue to go up. I have listed some of the best gold stocks for 2013 below to help you out. If you are looking to become a better stock trader, join my Stock Picks Group. I give alerts on momentum stocks and key news that is moving stocks in the stock market.
Best Gold Stocks 2013 – Gold Stocks to Buy – ProShares Ultra Gold (UGL) – ProShares Ultra Gold (UGL) is probably one of the best gold ETF’s to buy right now. If you are looking for a good gold stock to buy, UGL seeks to provide daily investment results (before fees and expenses) that correspond to 2x (200%) the daily performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London. The fund invests principally in any one of or combinations of the financial instruments (swap agreement, futures contracts, forward contracts, option contracts) with respect to the applicable fundâ€™s benchmark to the extent determined appropriate by the Sponsor.
UGL is the best way to invest in gold in the stock market. If Gold rallies up to 2000 per ounce in 2013, UGL would probably go up to $120-$140 from the current price of $80.
Gold Stocks 2013 – Randgold Resources Limited (GOLD) – Randgold Resources Limited (GOLD) is another one of my Top Gold Stocks for 2013. Each time gold rallies, Randgold stock jumps because they have some very good gold mines in Africa. Randgold Resources Limited (GOLD), together with its subsidiaries, engages in the exploration and mining of gold deposits in west and central Africa. The company holds a 80% controlling interest in the Loulo mine and Gounkoto mine, as well as a 50% interest in Morila mine located in Mali; a 89% controlling interest in the Tongon mine located in the neighboring country of Côte d’Ivoire; a 83.25% controlling interest in the Massawa project in Senegal; and a 45% interest in the Kibali project, which is located in the Democratic Republic of Congo. As of December 31, 2011, it had proven and probable reserves of 16.28 million ounces of gold.
Randgold Resources (GOLD) has about 460 million in cash, 1.22 Billion in sales, and is probably the best pure play gold stock you can buy. I have a price target of $120 per share for GOLD stock in 2013.
Gold Penny Stocks 2013 – If you are looking for a gold stock that can double, check out gold penny stock Midway Gold (MDW). This small cap gold stock is very volatile but when gold is soaring, the buyers step and to buy Midway Gold (MDW). Midway Gold (MDW) sports a $157 million market cap with a share price of $1.38. MDW is one of the best gold penny stocks to buy in 2013 if you are looking for a speculative gold stock. I am giving Midway Gold (MDW) stock a 2013 price target of $2.
Other Gold Stocks to Watch 2013 – Yamana Gold, Inc. (AUY), Paramount Gold and Silver Corp. (PZG), iShares Silver Trust (SLV), Barrick Gold Corporation (ABX), NovaGold Resources Inc. (NG), Goldcorp Inc. (GG)