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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Top resource ideas: Newcrest (NCMGY) from 'Down Under']]></title><link>http://www.bloggingstocks.com/2007/11/10/top-resource-ideas-newcrest-ncmgy-from-down-under/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2007/11/10/top-resource-ideas-newcrest-ncmgy-from-down-under/</guid><comments>http://www.bloggingstocks.com/2007/11/10/top-resource-ideas-newcrest-ncmgy-from-down-under/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/newsletters/" rel="tag">Newsletters</a>, <a href="http://www.bloggingstocks.com/category/commodities/" rel="tag">Commodities</a>, <a href="http://www.bloggingstocks.com/category/stocks-to-buy/" rel="tag">Stocks to Buy</a></p><p><em>This article is part of a 20 article special report on "</em><a href="http://www.bloggingstocks.com/2007/11/09/top-resource-ideas-20-advisors-on-metals-mining-and-money/"><em>Metals, miners and money</em></a><em>". </em></p>
<p>"The U.S. dollar has fallen to near all-time lows against the world's major currencies, and when the buck drops, gold rises," notes <strong>Larry Edelson</strong>, editor of <a href="http://www.thestockadvisors.com/ccount/click.php?id=1482">The Real Wealth Report</a>. "Our government and our central bankers will always opt for inflation to solve economic problems by printing paper money.</p>
<p>"Gold is also getting a nice boost from global economic growth, especially in Asia. But unfortunately, there are still plenty of global geo-political insecurities around helping to push the yellow metal higher.</p>
<p>"This is great news for our gold positions, including the <a href="http://finance.aol.com/quotes/dws-mutual-fds-dws-gold-precious-metals-fund-cl/scgdx/nmf?tabs=quotesandnews">DWS Gold &amp; Precious Metals Fund</a> (<a href="http://finance.aol.com/quotes/dws-mutual-fds-dws-gold-precious-metals-fund-cl/scgdx/nmf?tabs=quotesandnews">SCGDX</a>), and <a href="http://finance.aol.com/quotes/streettracks-gold-tr/gld/nysgld">StreetTRACKS Gold Trust</a> (NYSE: <a href="http://finance.aol.com/quotes/streettracks-gold-tr/gld/nys">GLD</a>). Investors can buy and hold both positions because gold has massive upside potential. Among more speculative mining positions, we are also adding a new buy: <a href="http://finance.aol.com/quotes/newcrest-mining-ltd-s-adr/ncmgy/nao?tabs=quotesandnews">Newcrest Mining Ltd.</a> (OTC: <a href="http://finance.aol.com/quotes/newcrest-mining-ltd-s-adr/ncmgy/nao?tabs=quotesandnews">NCMGY</a>). </p>
<p>"Newcrest is Australia's largest gold mining company, and its profits are surging due to rising metal prices and the ending of the company's forward sales policies.</p>
<p>"When companies sell forward -- or hedge -- their gold in a rising price environment, they lose out because they are selling at a lower price. Companies that don't hedge get the most bang for their gold buck. Newcrest is one of them, which bodes well for the future direction of the company's share price.</p>
<em>
<p><em>Each day, Steven Halpern's </em><em><a href="http://www.thestockadvisors.com/ccount/click.php?id=1496">TheStockAdvisors.com</a></em><em> website features the latest investment commentary and favorite stock picks of the nation's leading financial newsletter advisors.</em></p>
</em><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2007/11/10/top-resource-ideas-newcrest-ncmgy-from-down-under/">Top resource ideas: Newcrest (NCMGY) from 'Down Under'</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Sat, 10 Nov 2007 14:10:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2007/11/10/top-resource-ideas-newcrest-ncmgy-from-down-under/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1031672/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2007/11/10/top-resource-ideas-newcrest-ncmgy-from-down-under/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>DWS Gold and Precious Metals Fund</category><category>GLD</category><category>Larry Edelson</category><category>ncmgy</category><category>newcrest mining</category><category>SCGDX</category><category>Steven Halpern</category><category>StreetTRACKS Gold Trust</category><category>The Real Wealth Report</category><category>TheStockAdvisors.com</category><dc:creator><![CDATA[Steven Halpern]]></dc:creator><pubDate>Sat, 10 Nov 2007 14:10:00 EST</pubDate></item></channel></rss>
