Recognizing the high quality of international gold knowledge and global investing pedigree that is available, this week’s profile has turned its focus to the British based BlackRock World Gold Fund (MUTF:BWGAX). Since its inception date of December of 1994, the fund has achieved numerous awards globally for its performance.
Bloomberg reported that profits for Newmont (NYSE:NEM) were higher than expected on the recent surge in gold prices.
Tocqueville Asset Management (and its founding principals) have been managing private wealth for more than 30 years, and investors of the Tocqueville Gold Fund (MUTF:TGLDX) have benefited from strong returns from the current portfolio manager who has been occupied with the fund’s stewardship since its inception in 1998.
Reuters reported that Newmonth Gold (NYSE:NEM) intends to links it dividends to the price of gold, as well as increase production.
Uzbekistan is a land-locked country in Central Asia, once a member of the former Soviet Union. The country hosts impressive mineral reserves, including gold, copper, molybdenum, silver, zinc and uranium. The mineral sector has been the country’s main economic engine.
Relative to the total return of funds within its category, Oppenheimer Gold is top quartile in the US, from the Lipper ranking over 1, 3, and 5 years; and finished in the ultra elite second percentile among Morningstar Specialty-Precious Metal fund over a one year period.
Market Watch reports that Newmont Mining Corp. (NYSE:NEM) was hit Thursday after the world’s second biggest gold producer lowered its estimated 2011 gold output, lessening the glow off a 46% jump in its fourth-quarter profit.
Bloomberg reports that Newmont Mining Corp. (NYSE:NEM) said its fourth-quarter earnings jumped 45 percent on the rising price of gold and increased production, although the company warned that production will later drop because of problems at mines in Australia and Indonesia.
Jeb Handwerger writes on the daily markets that even though January 2011 brought a lot of profit-taking to mining stocks and precious metals, the leadership of Newmont (NYSE:NEM) has used this pullback in prices to purchase one of his long-term favorite recommendations, Fronteer Gold (AMEX:FRG).
Reuters reports that Newmont Mining Corp. (NYSE:NEM) expects gold prices to rise in 2011 as a hedge and on demand from emerging countries, such as China, its chief executive said on Friday.
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