Analysis on Newmont Mining and Goldcorp: Gold's 2013 Projections Solid

    Analysis on Newmont Mining and Goldcorp: Gold's 2013 Projections Solid

  PR Newswire

  LONDON, January 18, 2013

LONDON, January 18, 2013 /PRNewswire/ --

Gold ended 2012 with a gain of 7.1 percent, but many gold miners have not
really been able to impress investors last year as their cash generating
aptitude seemed to have lost some steam. There is, however, a renewed sense of
optimism for 2013; hence StockCall starts this year's technical analysis on
two of the industry's top players. Free technical research report is
accessible for Newmont Mining Corporation (NYSE: NEM) and Goldcorp Inc. (NYSE:
GG) at

Gold prices look poised to increase in 2013, as a number of factors are
working in the yellow metal's favor. Currency fluctuations for a number of the
world's top economies look to continue in 2013, which could drive more
investors into gold. Select industry players, like Goldcorp Inc., have also
recently announced the commencement of new commercial production projects,
which should contribute significantly to production volumes. Goldcorp has
projected its share for the gold production from its Pueblo Viejo joint
venture project to be between 330,000 and 435,000 ounces.Pueblo Viejo is one
of the world's largest gold assets. As Goldcorp continues its fast-track
growth within the major gold miners' arena, our technical analysts have issued
their latest report on the company. Download it for free at

Many investors are also piling into gold as a hedge against inflation, as well
as a relatively safer alternative to the sometimes volatile stock markets.
Gold has easily beaten inflation in the U.S. over the last decade, and many
analysts think this year will be the same. With several federal stimulus plans
in place around the globe, the devaluation of currencies could also lead gold
higher. This is an interesting trend to follow for shareholders of Newmont
Mining Corporation [ Free Report on NEM ] ^(1) as the company had stated its
dividend payment would be reflective of the gold's performance. This gold
miner, the second biggest in the world, has the highest dividend yield in the

Countries are also getting in on gold, as Germany's central bank recently
decided to recall all of its gold reserves from France as well as some from
the U.S. The move is designed to provide leverage against currency
fluctuations down the road.

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1. Newmont Mining Corporation Technical Analysis [ ]

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