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Gold Outperforming Gold Stocks in 2010

The Price of Gold is Beating Gold Stocks by 32.7%

Written by Luke Burgess
Posted October 23, 2010

With just over two months left in 2010, the price of gold is outperforming share prices of the world's largest companies that mine the precious yellow metal.

For the year, 10 of the 12 largest gold companies have seen their shares rise as commodity prices elevate. On average, these gold stocks have returned a 15.9% gain. That compares to gold, which is up 21.1% for the year.

Take a look:

Company Share Price
12/31/09         10/22/10
Percent Change Stock Chart
Barrick Gold
(NYSE: ABX)
$39.38 $46.13 ↑17.1% oct 23 abx chart
Goldcorp
(NYSE: GG)
$39.34 $42.04 6.9% oct 23 gg chart
Newmont Mining
(NYSE: NEM)
$47.31 $59.37 25.5% oct 23 nem chart
Newcrest Mining
(ASX: NCM)

$35.33 $40.00 13.2% oct 23 ncm chart
AngloGold Ashanti
(NYSE: AU)

$40.18 $45.70 13.7% oct 23 au chart
Kinross Gold
(NYSE: KGC)

$18.40 $17.55 ↓4.6% oct 23 kgc chart
Polyus Gold
(Pink OTC: OPYGY)
$27.55 $31.10 ↑12.9% oct 23 poly chart
Agnico-Eagle Mines
(NYSE: AEM)
$54.00 $70.10 ↑31.7% oct 23 aem chart
Gold Fields
(NYSE: GFI)
$13.11 $15.32 ↑16.9% oct 23 gfi chart
Yamana Gold
(NYSE: AUY)
$11.38 $10.74 ↓5.6% oct 23 auy chart
Eldorado Gold
(NYSE: EGO)
$14.17 $16.76 ↑18.3% oct 23 ego chart
IAMGOLD
(NYSE: IAG)
$15.64 $17.49 ↑11.8% oct 23 iag chart
Average Gain ↑15.9%  
       Dow Jones Gain to Date:        ↑6.8%
   NASDAQ Gain to Date:           ↑9.3%
   S&P 500 Gain to Date:            ↑6.1%
Gold's
Gain to Date
    ↑21.1%

oct 23 gold chart
The price of physical gold may be outperforming gold stocks for 2010. But one of the biggest complaints among anti-gold investors is that bullion doesn't pay an income of any kind.

However, there are several gold stocks that do pay dividends.

In my recent report for Wealth Daily, titled The Definitive Guide to Gold Dividend Stocks, I give investors a current perspective of gold dividend stocks and reveal the top three highest-yield gold dividend stocks on the market today. You can read this report for free right now by clicking here or by copying and pasting the following link into your internet browser's address bar: http://www.wealthdaily.com/articles/the-definitive-guide-to-gold-dividend-stocks/2788

Good Investing,

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Luke Burgess
Editor, Wealth Daily
Investment Director, Hard Money Millionaire and Underground Profits

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