The World's Sexiest Gold Stocks

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In recent weeks, the biggest gold "stock" of size that has consistently outperformed the global universe of gold stocks does not mine gold: it's the world's biggest gold bullion ETF (exchange traded fund), Streettracks (GLD US, $86.30 a unit), which boasts a value of more than $17 billion.

Six years into a protracted bull market for dollar gold bullion, and there are dozens of new listed gold stocks around the world. Gold mines are being found - or re-found - across the planet, from Kazakhstan to Nunavut, from Egypt to Romania, from Alaska and the Yukon to Guyana. But with the bullion price tracking to new records above $870 an ounce on Tuesday, the evidence shows a significant variance in the ratings of gold stocks.

In recent weeks, the biggest gold "stock" of size that has consistently outperformed the global universe of gold stocks does not mine gold: it's the world's biggest gold bullion ETF (exchange traded fund), Streettracks (GLD US, $86.30 a unit), which boasts a value of more than $17 billion.

Streettracks is trading right up at highs, like gold bullion. Amongst the nine stocks that may be classified as global Tier I gold stocks, five clear leaders can be identified: Goldcorp, Barrick, Newcrest, Kinross, and AngloGold Ashanti. These five stocks are at, or close to, record highs.

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