Three Gold Mining Stock Picks (GG, NEM, AU)

I picked Canada's Goldcorp (GG) in the Jan 1st edition of Global Money Trends, at $22.28 per share, as one of my preferred gold miners, because the company has a lowcost of production at $150 per ounce, is un-hedged, and stops selling gold when prices retreat. GG could see $30 per share in the months ahead.

I also picked Newmont Mining, (NEM) at $53.40 per share, which has abandoned the practice of hedging, and forecasted a $65 per share price with gold trading at $625 per ounce.

Now, on January 12th, I added AngloAshanti (AU) at $53.25 per share to the pack. Soaring gold and platinum prices are sending the rand higher, and punishing South African exporters who are outside the mining industry. Therefore, the RBSA could slash its overnight loan rate to slow the rand, boosting the fortunes of the Johannesburg bourse, and enabling the gold price to outpace the rand to the upside, extending AU to $60 /share.

GG 1-yr chart:

NEM 1-yr chart:

AU 1-yr chart:

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