Gold

Not for the faint hearted, high risk, dividends can be spasmodic, plenty of hot day trader money, and a sector littered with rubbish.

But Gold has been pretty steady for a few months now, and its a fair bet at some time in the future we will have a "black swan" cross our path, for want of a better excuse, for the prise to rise.

Even with the "relatively" stable gold price, most gold mining stocks have continued their downward spiral, so the question, are they getting close to a bottom, and are any of them profitable?




You could argue that we are going through a Phase similar to the 2007 to 2009, where gold held roughly between $750 and $1,000, and you could argue that we are still in a long term upward trend.

Drawing a long bow, if price holds above $1,200, maybe we are seeing consolidation for a move up.

So what companies have low cost of production, and potential.


I had a look, we have 218 gold stocks in Australia, lucky us!
You can bet 95% are probably broke, waiting for the gold price to move up, so they can hit us up for a capital raising.

could only find a handful that "claim" to pay a dividend.

and its hard to define blue sky types, so lets leave it to established players.

Company Name	Symbol	Price	Dividend
Northern Star Rsrcs	NST.AX	$1.45	2.76
Regis Rsrcs Ltd	RRL.AX	$1.83	8.22
Anglogold Ashanti Ltd	AGG.AX	$3.00	7.33
Newcrest Mining LTD	NCM.AX	$10.62	1.13
Royalco Resources Ltd	RCO.AX	$0.28	7.14
Resolute Mining LTD	RSG.AX	$0.50	10.1
Evolution Mining Ltd	EVN.AX	$0.68	2.94
Troy Resources Ltd	TRY.AX	$0.82	12.27
Medusa Mining	MML.AX	$1.05	1.91
Kingsrose Mining Ltd	KRM.AX	$0.46	8.70

Certainly plenty of pain for most of them over the last 5 years, with the exception of NST   Put them in a watch list and see how they chart. looks like a bit of movement, falling dollar should help.

Remember if you buy them and they fail the money they take with them will be yours!