Newmont Mining (US)

Likes gold now that it is going up. This company is the best managed and the best assets and it doesn't hedge.

Has a model price of $29.43 which is a 33% premium. All gold stocks are massively overvalued. Wouldn't touch gold stocks.

This company is really a proxy for the metal price, in this case gold. The main driver here will be what happens to the price of gold. There is already a premium built in to this and the other major gold producers. Would wait for gold to pull back a little before buying.

(A Top Pick Jun 6/05. Up 10%.) The premier gold company in the world. Good management.

Caller: Bull on gold. Sells PUTs out about 1.5 years on senior golds such as Placer (PDG-T) Barrick (ABX-T) or Newmont (NEM-N), and prepared to have the stocks sold to him at that price. Good idea? Answer: Great idea. Options on gold stocks are about the 4th decile in terms of their price (probably twice as expensive as options on the TSX (X-T) to give some perspective). This will give you a decent premium.

The world's largest gold mining company. The best managed, the best financed. Stock has been hit in the last few months as gold has been hit. Outlook for gold is OK. Now seems to be moving up with the US$ which is odd.

Keep a close eye on golds. His sector model indicates they are pretty sold out. Wait for buying to come back into the market. US$ has been strengthening against the Euro and there's been a very tight correlation with gold to the US$. Look for 1) stocks to rally along with the gold price and 2) gold starting to trade independently of the US$.

By far the best gold company in the world. Also likes Placer Dome (PDG-T) which trades at about half Newmont's valuation. Not as good a company, but at half the valuation, prefers Placer. Owns gold as a hedge against the US$.

The gold market is very interesting right now. Doesn't think gold is going to do a lot. US$ is rallying. There's been a long trend line on Newmont and it has reached a point where it is seeing if it can hold at this point. If it does hold, there should be a bounce to at least $50. Prefers juniors at this time.

(A Top Pick Oct 27/04. Down 10%.) Fell back with gold. Still thinks there's further downside risk in the US$. Use this weakness in the stock to buy.

If you believe in gold, you have to believe in this company.Doesn't believe in hedging. The favourite gold bug play.

(A Top Pick Sept 1/04. Up 5%.) Has broken the little uptrend line, so has been selling his position. Will watch for a re-entry point.

(A Top Pick Aug 27/04. Up 8%.) Positive on the price of gold at this time. The best managed gold company in the world. They are also the biggest shareholders in Cdn Oil Sands. Available on both US and Cdn exchanges.

Management is great gold bug and so doesn't hedge. Has some great prospects.

(Top Pick May, 10 2004. Up 16%) Best overall senior gold stock. Largest and liquid company. Well managed.