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Cheap gold stocks: Approach with caution
Wednesday, April 17, 2013 3:22
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If gold were a supermarket item, it would be in the marked-down aisle. The price has plunged by $500 (U.S.) an ounce, or more than 25 per cent, from the record high near $1,900 set two years ago.
Gold miners have fallen even more precipitously, many trading at a fraction of last year’s levels. Some of the bigger companies have fallen so much that they actually sport dividends that might tempt the yield-hungry investor. Consider that Barrick Gold Corp. shares yield 4.1 per cent and fellow giant Newmont Mining Corp. sports a 5-per-cent payout.
