The Three Best Gold Stocks
Individuals who invest in silver sometimes make the leap and decide to invest in gold. They buy gold coins and if they are wealthy enough, gold bullion bars. Many do not realize that gold stocks also make a worthy investment. Now is a great time to invest because prices are continuing to rise. According to experts, the three best gold stocks to invest in 2010 are Allied Nevada Gold Corp. (ANV), Rubicon Minerals Corp. (RBY), and Entrée Gold Inc. (EGI).
ANV is a gold producer that does not have overhead supply, which makes its growth potential great. The stock is reaching new highs and there is no overhead supply because investors did not sell when the stock started to increase in value after a brief downturn. ANV is characterized by favorable indicators, meaning that the value is expected to increase even further. ANV stock is expected to about $20 per share by the end of 2010.
RBY is a gold exploration company also witnessing new highs in value. This trend began in late 2009 and has continued through 2010. The stock is showing no negative divergence and has no overhead supply. The stock price of RBY is expected to grow throughout 2010 to about $9 per share.
EGI is an exploration stage company headquartered in Canada. EGI stock is experiencing a rare bullish reverse symmetrical triangle pattern. Experts who have charted EGI’s stock performance arrived at a failure rate of only two percent. This means that there is a 98 percent chance of EGI stock being successful at reaching around $6 per share by late 2010.
Rather than just investing in gold coins, diversify the portfolio by investing in gold stocks. Experts have predicted that Allied Nevada Gold Corp. (ANV), Rubicon Minerals Corp. (RBY), and Entrée Gold Inc. (EGI) will perform very well during 2010. Do some additional research on these companies and their stock performance before making an investment.
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