Barrick Gold (NYSE:ABX) Positioned for Strong Run?

With institutional investors overall having far less than 1 percent of their portfolios invested in gold, major gold miners like Barrick Gold Inc. (NYSE:ABX) could be positioned strongly for even larger gains as safety and inflation concerns continue to affect the market.

Barrick, being the largest producer of gold in the world, will attract the attention of institutional investors looking for safety, returns and consistent track record.

Production costs for Barrick are very close to the industry average, coming in at $454 an ounce, making them competitive with almost every company.

The question for institutional investors will be safety and return, so in uncertain times and with gold prices high, Barrick should be a solid performer going forward, and attract the attention of larger investors looking for good returns in a difficult economic environment.

Other major gold miners like Newmont Mining (NYSE:NEM) and Goldcorp (NYSE:GG) should also attract significant attention and investment.