Metal <b>Prices</b> Hit 16th Record High – Bullish Outlook for these 3 <b>Gold</b> Stocks

Barrick Gold Corporation (NYSE: ABX) is a Toronto-based mining company involved in the production and sale of gold. The company is also engaged in exploration and mine development. The company’s mines are concentrated in four regional business units; North America, South America, Africa and Australia Pacific.

Analysts at TD Newcrest, on Tuesday, raised the 12-month price target for Barrick Gold from $59 to $61, citing higher-than-expected gold production estimates. In its research note, TD Newcrest noted that the shift toward better defining growth trajectory is encouraging; however, organic growth is not likely to be enough for the company to maintain 8.5 million-9 million ounces of annual production much beyond 2015.

Barrick Gold stock has a 52-week range of $33.65-$49.66. It is currently trading above its 50-day and 200-day moving averages. The stock has a support level at $47.22 and a resistance level at $48.76. Year-to-date, the stock is up 25.42%.

Newmont Mining Corporation (NYSE: NEM) is a Greenwood Village, Colorado-based gold producing company with assets or operations in the U.S., Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico.

Newmont Mining will announce its third-quarter financial results on November 2, 2010. For the second quarter of 2010, the company reported adjusted net income of $377 million, or $0.77 per share, compared with $211 million, or $0.43 per share reported in the second quarter of 2009. The company also raised its regular quarterly dividend from $0.10 per share to $0.15 per share.

Newmont Mining stock has a 52-week range of $41.45-$65.50. It is currently trading above its 50-day and 200-day moving averages. The stock has a support level at $61.36 and a resistance level at $63.15. Year-to-date, the stock is up 33.59%.

Kinross Gold Corporation (NYSE: KGC) is a Toronto based company engaged in gold mining and related activities. The company’s gold production and exploration activities are carried out mainly in the U.S., Brazil, Chile, Ecuador and the Russian Federation.

Kinross will report its third-quarter financial results on November 3, 2010. For the second quarter of 2010, the company reported gold production of 538,270 ounces, down 4% over the second quarter of 2009. The company posted second-quarter revenue of $696.6 million, compared with $598.1 million reported in the second quarter of 2009.

The Kinross stock has a 52-week range of $14.84-$23.91. The stock is currently trading above its 50-day and 200-day moving averages. It has a support level at $18.76 and a resistance level at $19.09. Year-to-date, the stock is up 7.23%.

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The £2012 Olympics: London Games go for <b>gold</b> with ticket <b>prices</b>

The cost of tickets for the 2012 Olympic Games was announced yesterday, with some seats costing more than £2,000.

The costliest tickets will be ?2,012 and will be for the best corporate seats at the opening ceremony on Friday, 27 July 2012. The organisers say the exorbitant prices are designed to allow them to sell the majority of tickets at more affordable prices.

The cheapest adult tickets will cost ?20 and will allow access to high-profile sports including the qualifying rounds of the track-and-field and swimming events. Overall, 90 per cent of the tickets for the Games, which will be on sale from March, will cost less than ?100, and 2.5 million of the 8.8 million tickets available will cost less than ?20.

The London Organising Committee for the Olympic Games (Locog) has yet to announce exactly how many of the ?20 tickets will be available, but it is likely they will apply to the seats with the least inspiring views. Children's tickets will be cheaper. A scheme which allows those under 16 to pay the same price as their age will be in operation for more than 200 of the 649 event sessions. More than 140,000 London schoolchildren will be given a free ticket for one event.

The most expensive event tickets will be for the men's 100m athletics final. Prices start from ?50, but the best seats will cost ?725. Most of the tickets are the same price regardless of whether the events are for women's or men's disciplines, with some notable exceptions. Tickets for the women's basketball final will start at ?50 and rise to ?325; for the men's final the same seats are ?95 and ?425. In football, the men's final will cost between ?40 and ?185 while the women's match will cost between ?30 and ?125.

Lord Coe, the London 2012 chairman, said: "We have three clear principles for our ticketing strategy: tickets need to be affordable and accessible to as many people as possible. Tickets are an important revenue stream for us to fund the Games and our ticketing plans have the clear aim of filling our venues to the rafters. When we won the right to stage the Games, we made a promise to inspire young people to choose sport and our ticket prices will get as many young people as possible to the Games."

The Olympics Minister, Hugh Robertson, said: "Spectators are a vital part of every Olympic Games, providing the atmosphere that inspires athletes to perform. I am confident we will have packed stadiums and venues with the range of tickets on offer, meaning that people of all ages and budgets will have the chance to attend London 2012."

The London Mayor Boris Johnson added: "Having invested so much, I also want Londoners to have a real sense that these are their Games too. So it is right that, through the schemes aimed at youngsters, we can acknowledge their support by rewarding thousands of London kids with the unique opportunity to be part of this amazing sporting spectacle."

Ticket prices

100m men's athletics final: ?50-?725

Beach Volleyball final: ?95-?450

Men's boxing final: ?95-?395

Equestrian final: ?65-?275

Track Cycling final: ?50-?325

Canoe Slalom final: ?35-?150

BMX final: ?20-?125

Sailing final: ?55

Shooting final: ?40

Archery final: ?30-?95

Triathlon: ?20-?60

Weightlifting final: ?45-?175

Tennis final: ?65-?225

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