Buy Newmont, Sell Barrick Gold, JPMorgan Says

After yesterday’s slaughter of gold stocks–Barrick Gold (ABX) fell 6.3% and Newmont Mining (NEM) dropped 4%–JPMorgan’s John Bridges and team think investors are better off buying one miner and shorting another rather than bettering on individual names. Bloomberg News Bridges explains: Given the uncertain and volatile outlook for the US$ and thus the gold price, [...]