Face-Off on Stocks: Barrick Gold, Newmont Mining, Goldcorp
There's no shortage of ways to play gold, from holding the physical commodity to gold exchange-traded funds to mutual funds and ETFs comprising gold-mining stocks. But if you're really looking for some action (as well as some potential downside protection), individual gold-mining picks have the best shot to outperform. Not only can they hedge their positions in case the yellow metal's price cools off but individual stocks have the opportunity to outperform a basket of such names.
With that in mind, here's a look at the bull and bear cases for Barrick Gold (ABX) and Newmont Mining (NEM) -- the biggest gold miners in the world -- as well as low-cost upstart Goldcorp (GG).