GOLDBUGS AMEX Goldbugs Index (GOLD)

[RBKissMyAs]

For those who think the miners will catch up...
9:28 (Dow Jones) Barrick Gold's (ABX) 4Q results highlight the advantages for
gold bulls to invest directly in bullion over gold miners, which are
susceptible to production shortfalls and rising costs. The world largest gold
miner's 4Q EPS fell notably short of analysts' estimates, which were
anticipating profit growth, not flat earnings. Scotia blames the shortfall on
lower revenues as gold and copper production was light, and on
higher-than-expected costs to produce the metals. ABX is down 1.5% premarket at
$46.70 and has fallen 4.6% the past year. ([e-mail])

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(END) Dow Jones Newswires

February 16, 2012 09:28 ET (14:28 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

021612 14:28 -- GMT