On the gold front, I really like the prospects for Barrick Gold (GOLD), suggests Mark Skousen, a leading growth stock expert, editor of Home Run Trader — and participant in MoneyShow's Metals & Mining Virtual Event on April 20-22. Register for free here.

Based in Toronto, Barrick is the world’s largest gold mining company. It has a portfolio of 27 operating mines and advanced exploration and development projects across the globe.

There are 13 gold mines in the world that are projected to produce a half million ounces of gold a year at below-average costs over the next decade. Barrick owns six of them.

In fact, the company has projected that it will produce five million ounces of gold a year for the next 10 years.

However, gold itself has been in a bit of a correction recently. The yellow metal has declined 9% from its record high of $2,063 last August. Gold mining companies -- whose shares are sensitive to the price of the commodity -- have been hit even harder.

Barrick shares are down a third from the 52-week high of $31.22. At this level, it is selling for just 15 times earnings and yields 1.8%.

With the global economy heating up and governments here and abroad committed to big deficit spending, I see gold staging a comeback from here. Barrick is a great way to play it.

So, pick up Barrick Gold at market today. Place a sell stop at $15.50 for protection. If you prefer to play this one more aggressively, try the GOLD September $26 calls, which last traded for $0.51 and expire on Sept. 17.

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