Thursday, May 13, 2010

Newmont Mining (NYSE:NEM), Kinross Gold (NYSE:KGC). Agnico-Eagle Mines (NYSE:AEM) and Yamana Gold (NYSE:AUY) Expected to Rise

Newmont Mining (NYSE:NEM), Kinross Gold (NYSE:KGC). Agnico-Eagle Mines (NYSE:AEM) and Yamana Gold (NYSE:AUY) look like they're set to rise, based on call buying.

Aggressive calls by traders shows they believe in the short term that these particular gold mining stocks are going to go up.

Because of the aggressive rise in the price of gold futures, there will no doubt inevitably be a correction, and gold mining companies, for the most part, will participate in that correction, even so, gold has support now, and even when gold corrects, there will be a continuation of the gold bull market well into the future, no matter what the short term swings are.

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