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Stock impact report

Why It's Not Time to Give Up on the Gold Trade [Yahoo! Finance]

Newmont Corporation (NEM) 
Last newmont corporation earnings: 2/20 06:55 am Check Earnings Report
Company Research Source: Yahoo! Finance
Key Points Gold's recent pullback reflects a stronger U.S. dollar and profit-taking, but long-term fundamentals still point to higher prices. The U.S. fiscal outlook, including a $42 trillion net deficit and rising Treasury yields, strengthens the case for gold as a hedge. Investors can gain exposure through GLD for direct price tracking, GDX for leveraged upside, or Newmont for income and stability. Interested in Newmont Corporation? Here are five stocks we like better. What's going on with gold? After surging above $5,000, gold has fallen back about 20%. That's not surprising after such a strong move, but it does beg the question of why? The conventional wisdom is that the dollar is stronger because, while the U.S. economy has its own debt problem (more on that later), it's still the best house in a bad global neighborhood. And much of the world's business is still denominated in dollars. Since the dollar and gold typically move in opposite directions, gold would have t Show less Read more
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