As Ken Benes correctly states: the bottom line is how much PROFIT you make on the stocks
I previously put an ABX vs. NEM comparison online at: goldsheet.simplenet.com
Depending on the timeframe chosen, everyone can be right.
I did an analysis of 2555 data points since 1/1/90. For example, on 1/2/90 ABX was 7.50, NEM was 34.25, compare those numbers to today's price and you know which one you should have bought. I repeated the process 2555 times, in other words if you had bought a shares of each stock on each day for the last 2555 days, to see which one would have done best.
January 2, 1990 - to - date: ABX did better than NEM on 2155 days, NEM did better than ABX on 400 days
The most interesting number is if you had bought ABX on ANY day prior to May 28, 1998, you would have more money today than if you had bought Newmont.
After May 28, 1998, a 431 day period, you would have been better off buying NEM on 400 of the days, ABX on only 31 days. |
