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Filed under: Stocks to Sell
Even with gold at $1,000 per ounce, HMY trades for a modest 12 times trailing earnings and 15 times forward earnings. For this valuation to hold up, gold prices need to continue their ascent at a fairly significant clip. If gold is truly a hedge against the end of the world scenario and collapse of the dollar, investor expectations should be to protect capital. These gold mining stocks, including Harmony, trade like growth stocks. Do you see my point?
Continue reading Gold stock to sell #5: Harmony Gold Mining Co. (HMY) Gold stock to sell #5: Harmony Gold Mining Co. (HMY) originally appeared on BloggingStocks on Sun, 13 Sep 2009 13:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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