Top Precious Metal Stocks
Today's Financial News - Posted December 10, 2009
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The TFN Team has uncovered 3 precious metal stocks that they believe have the best potential for gains in 2010. Get in on these FREE recommendations today!
by Laura Cadden, TodaysFinancialNews.com
Baltimore, MD (TFN): Which precious metals will be the big winners of 2010?
The weakening of the U.S. dollar has given goldbugs the ride of their lives… and from what we can tell, it’s nowhere near finished. As uncertainty continues to plague markets, gold’s a keeper.
Then we have the slowly-but-seemingly-surely recovering industrial sector pushing up silver demand. You’ll want a silver play in your portfolio.
And the final precious mineral you should own in 2010?
Platinum.
Like silver, the industrial uses for platinum are many and varied: Everything from creating jewelry, to producing medical equipment, to controlling carbon emissions, to serving as an active ingredient in chemotherapy treatments. (In fact, carboplatin is one of the drugs I’m receiving to keep breast cancer at bay.)
The metal took a hit in 2008 and 2009 largely due to a slump in jewelry and auto sales (auto equipment is responsible for much of the industrial demand for platinum). Yet both of these markets are clearly picking up in China… and predicted to do so globally.
Experts reckon platinum could trade up to $1.900/oz in 2010.
Strike now to maximize your gains.
Here at TodaysFinancialNews.com, we have selected one stock that we think will capitalize on the run up of each metal. But you’ll need act fast to see top gains…
Best Precious Metal Stock #1:
Many TFN readers have heard our positive outlook for Great Basin Gold Ltd. (AMEX:GBG). In case your new to us, this gold stock trades on the Toronto Stock Exchange under the symbol TSE:GBG. (The slightly higher price reflects the exchange rate of the U.S. vs. the Canadian dollar. If you can buy it without higher transaction cost, we’re all for buying it in Canada. As a U.S. investor, you automatically benefit from any appreciation of the Canadian dollar.)
For ease of tracking sake, we will be following the U.S.-traded shares at Great Basin Gold Ltd. (USA) (AMEX:GBG). Buy under $2 with a profit horizon of 20-30% by April 2010.
Best Precious Metal Stock #2:
Silver Wheaton Corp. (NYSE:SLW) is a silver and gold mining company that generates 100% of its revenue from the sale of precious metals. Its 2008 silver sales totaled 1.7 million ounces and its forecast for 2009 was up to 4.6 million silver equivalent ounces.
Better even, its acquired a “streaming” company with a lock on some of the most productive and reliable silver mines in Mexico, Sweden, Peru, Greece, Arizona, and Canada.
That means they are well-positioned to ride out any regional production shortfalls due to political unrest or environmental crackdowns in any particular country… while leveraging local differentials in the cost of labor to the maximum!
Buy Silver Wheaton Corp. (NYSE:SLW) below $16.25. We’re looking for 20% gains in the next 6 months.
Best Precious Metal Stock #3:
Stillwater Mining Company (NYSE:SWC) is the only U.S. PGM miner. With increasingly higher platinum prices, the company has done better than anticipated with an expected cash flow of close to $200 million as 2009 comes to a close.
Its continued solidity, location, and a mechanized-focus to combat labor issues – and most importantly, demand pressure – should make this miner a winner in 2010.
Buy Stillwater Mining Company (NYSE:SWC) under $10 and hold for double-digit gains.
*** J. Christoph Amberger has just issued a buy on another super-cheap platinum miner to Members of our premium investment research service, Hot Stock Confidential. Maybe it will be double-digit gainer #74(!) in 2009! Read more about HSC and our latest Special Report right here!
Next Article: How to Play Gold’s Latest Corrections for profit
8 Responses to “Top Precious Metal Stocks”
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December 10th, 2009 at 3:35 pm
VHGI potential stock dividend. Company may sell off healthcare assets to WNDM to concentrate on Gold Business; numbers work out as follows:WNDM closed at $2.17 per share on 12/1/09 and VHGI closed at $0.185 per share on 12/1/09.Under the current capitalization structure it would equate to roughly 8 shares of WNDM for every 100 shares of VHGI owned by our shareholders. If completed, VHGI intends to distribute the WNDM stock to its shareholders as a dividend in 2010, subject to completion and effectiveness of a re-sale registration statement. http://finance.yahoo.com/news/OTCBBWNDM-Announces-LOI-to-prnews-2117030867.html?x=0&.v=1
December 11th, 2009 at 12:07 pm
slw/swc……how do you make profit from these two stocks? they were featured last year also as potential winners. slw was in july of ‘08 just shy of 13, by december it was UNDER 5.
December 11th, 2009 at 1:20 pm
I would just like to thank all the staff at TFN
along with their sponsors for sharing so much
with me and others. As my name implies I am
“LearningLots.” It has been a great wonderful
learning curve for someone who knew absolutely
nothing about stocks or trading. I know there is
still plenty for me to learn and I will enjoy every
minute of it.
I just kind of jumped in and got ” two big toes wet”
with a few penny stocks. All under or close to $1.00
So Thank you. Looking forward to more TFN
and sponsor news & recommendations.
If you celebrate the Holidays,
HAVE A VERY MERRY CHRISTMAS and
A HAPPY NEW YEAR…to all, your families and friends.
If not, then enjoy the Holiday time off from work.
———————————-
December 13th, 2009 at 2:19 pm
What is happening as far as HELIX is concerned…………….
is it still on your list ……….. thank you. hold sell or buy???????
December 14th, 2009 at 12:45 pm
Hello: Well, SLW and SWC are both up from our buy price. As far as SLW goes, HSC Members who got in when we recommended the stock to them back in May booked 54.8% gains earlier this month. Gains on these stocks have been a reality — and we believe there to be more to be made. Best, Laura Cadden, TFN.
December 16th, 2009 at 1:55 pm
I have held some silver stocks for some time and firmly believe it will give gold a good race during the next few years.
December 16th, 2009 at 2:05 pm
Hello: HELIX was listed on our Complete Guide to Natural Gas Stocks. as was ever natural gas stock we could find in that share price range. We have never issued a buy recommendation for that company so I’m afraid you’re on your own for that one. Looks like it’s climbing today… Best, Laura Cadden, TFN.
December 16th, 2009 at 2:06 pm
Thank you so very much and a very hardy Happy Holidays to you too from all of us here at TFN!