Globe says Kinross, others are precious for Dynamic
Ticker Symbol: C:K C:ELD C:AGI C:ARZ C:ANV C:AEM C:SGR
Globe says Kinross, others are precious for Dynamic
Kinross Gold Corp (2) (C:K)
Shares Issued 696,839,796
Last Close 4/22/2010 $18.06
Friday April 23 2010 - In the News
Also Eldorado Gold Corp (C:ELD) In the News
Also Alamos Gold Inc (C:AGI) In the News
Also Aurizon Mines Ltd (C:ARZ) In the News
Also Allied Nevada Gold Corp (C:ANV) In the News
Also Agnico-Eagle Mines Ltd (C:AEM) In the News
Also San Gold Corp (C:SGR) In the News
The Globe and Mail reports in its Friday, April 23, edition that it is good to check out what the pros are buying for their mutual funds. The Globe's Shirley Won writes in the Number Cruncher column that it is a good way to get stock ideas. Ms. Won investigates the stocks Dynamic Precious Metal is invested in. The $675.4-million precious metals equity fund has been run by Robert Cohen for a decade. It gained 35.7 per cent for the year ended March 31. Over 10 years, it has an annualized return of 22.5 per cent. Mr. Cohen looks for quality companies with experienced management, and projects in countries where there is low political risk. Mr. Cohen is bullish on the price of gold. His colleague Martin Murenbeeld, chief economist at DundeeWealth Inc., forecasts the yellow metal will climb to about $1,226 (U.S.) an ounce by the end of the year, and have an average price of $1,293 (U.S.) next year. The U.S. monetary base has been growing massively and paper money is becoming devalued. "Gold is a monetary asset that can't be simply willy-nilly printed." Mr. Cohen's fund holds Kinross God, Eldorado Gold, Alamos Gold, Aurizon Mines, Allied Nevada Gold, San Gold and Agnico-Eagle Mines.
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