AEM - Agnico Eagle Mines Limited

NYSE - NYSE Delayed Price. Currency in USD
56.89
-0.81 (-1.40%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close57.70
Open57.75
Bid56.00 x 800
Ask59.89 x 900
Day's Range55.80 - 57.90
52 Week Range33.10 - 64.88
Volume1,412,160
Avg. Volume1,661,876
Market Cap13.482B
Beta (3Y Monthly)-0.44
PE Ratio (TTM)N/A
EPS (TTM)-1.33
Earnings DateFeb 8, 2017 - Feb 13, 2017
Forward Dividend & Yield0.50 (0.87%)
Ex-Dividend Date2019-11-27
1y Target Est65.91
Trade prices are not sourced from all markets
  • Is Agnico Eagle Mines (AEM) Outperforming Other Basic Materials Stocks This Year?
    Zacks

    Is Agnico Eagle Mines (AEM) Outperforming Other Basic Materials Stocks This Year?

    Is (AEM) Outperforming Other Basic Materials Stocks This Year?

  • Agnico (AEM) Upgraded to Buy: Here's What You Should Know
    Zacks

    Agnico (AEM) Upgraded to Buy: Here's What You Should Know

    Agnico (AEM) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • In Planet’s Fastest-Warming Region, Jobs Come With Thaw
    Bloomberg

    In Planet’s Fastest-Warming Region, Jobs Come With Thaw

    (Bloomberg) -- James Kalluk spent much of his childhood inside an igloo in Canada’s far north, close to the Arctic Circle. Building that kind of home requires temperatures low enough to freeze the region’s countless lakes, a particular consistency of snow and a long-bladed knife the Inuit call a pana.“Today, there’s not much snow and it’s harder to make an igloo,” said Kalluk, now in his early 70s. “You may find a spot here or there that’s good, but the snow is very difficult now. It’s different.”The loss of snow and ice are causing Canada to heat up much faster than the rest of the world—more than twice the global rate of warming, according to a national scientific assessment published in April. The farther north you go, the more accelerated the warming. The Canadian Arctic is one of the fastest-warming places, heating up at about three times the global average. That makes Canada’s northernmost Nunavut territory, a region the size of Mexico, a bellwether for the unexpected ways an altered climate transform lives and livelihoods.  In Baker Lake, Nunavut, the town of about 2,000 where Kalluk lives, almost everyone’s income is tied directly or indirectly to a nearby gold mine operated by Agnico Eagle Mines Ltd. As global warming increases access to the region’s rich natural resources, he believes the local economy will change. “In the years to come, there are going to be more houses, more development here,” Kalluk said. “More people will be able to work.”Such growth may be welcome in Canada’s fast unfreezing north, but there are trade-offs. Kalluk worries about dust from new roads disturbing caribou that are already under siege from warmer temperatures, and about water pollution affecting fish. That environmental tug of war is the central story of Canada’s remote north. After living sustainably for thousands of years, the country’s aboriginal groups became some of the earliest to be hit by climate change. They are also in a position to benefit most from opportunities that now beckon. From the mosquito-sheltered comfort of his Ford Explorer, David Kakuktinniq surveys his empire through Prada sunglasses. As president of Sakku Investment Corp., he oversees 17 businesses from the town of Rankin Inlet that together get roughly half of their revenue from Agnico. The Toronto-based mining giant opened two new mines this year at a cost of $1.23 billion: Amaruq, located 175 kilometers (108 miles) north of Baker Lake; and Meliadine, about 24 kilometers from Rankin.Kakuktinniq, 55, has never been busier. Of the 120,000 metric tons of supplies bound for the mines this year—enough to fill 6,000 shipping containers—half will be unloaded by his crews. One of his joint ventures helps provide the 120 million liters of diesel the mines will use this year.Founded in 1957 by a now defunct nickel-and-copper mine, Rankin looks like it was built by grabbing whatever came off the barge first. Empty oil drums and shipping containers are scattered among homes and businesses. Dogs lie chained beside broken pallets, old boats and snowmobiles. The most spectacular view of the pristine waters of Hudson Bay, home to whales and arctic char, is beside the town dump. For an entrepreneur like Kakuktinniq, it’s possible to stand next to the rusty remnants of the town’s past and imagine a bright future in which longer windows of ice-free waters open the town to tourism and business.The world’s Arctic and sub-Arctic land and waters generate $174 billion in annual economic activity, according to a report released by the Canadian Senate in June. Canada controls 25% of this circumpolar geography but accounts for less than 2% of its economy. Rich in natural resources that have long been stranded by climate, the far north may soon benefit from increased coastal access. This will create opportunities—and potentially, headaches. U.S. President Donald Trump’s recent offer to buy Greenland from Denmark is indicative of the heightened interest in the Arctic from the world’s superpowers.For Canadian policymakers, this underscores a need to reinforce national claims and invest in infrastructure. The government unveiled a C$2 billion ($1.5 billion) plan in 2017 to invest in the north, but there’s been only modest spending so far. Prime Minister Justin Trudeau, in a close fight for re-election on Oct. 21, recently put forward a new northern policy initiative around sovereignty and investment.The opportunities, especially around trade, are significant. As melting ice opens up coastal areas, Canadian ports are likely to become gateways linking Asia and Europe through the Northwest Passage, bypassing the Panama and Suez canals. The Russia-controlled Northern Sea Route will be a major rival. Canada’s Port of Prince Rupert on the Pacific coast is already positioning itself to take advantage of the new routes, which it claims can shave nine days off a shipment to Rotterdam. Global warming will eventually add four to eight weeks to the unfrozen shipping season in Churchill, Manitoba, a deep-water port on Hudson Bay. “We’re definitely looking at a future with less sea ice in the Canadian Arctic and more shipping activity,” said Chris Derksen, a climate scientist with Environment Canada who tracks the speed of warming. On the current trajectory, the Arctic will warm an additional 5 to 6 degrees Celsius by the end of the century, meaning it likely will be clear of ice in summer. If the Paris Agreement on climate is met—a longshot goal, under current trends—Derksen’s research suggests sea ice loss will continue until 2050 or 2060.The melting ice will mean increased access to offshore oil and gas reserves, further complicating any effort to limit global greenhouse-gas emissions. Tapping inland resources may be trickier. Mining is the largest private sector employer in Canada’s Arctic, generating up to a quarter of gross domestic product across the three northern territories and accounting for one in six jobs. Miners do business here across an area bigger than India, despite limited roads, power or telecommunications infrastructure.Mining engineers will need to contend with climate-triggered “thermokarst,” a process in which thawing permafrost makes soil slump, creating new lakes and forcing others to drain. It’s not insurmountable, but it will drive up costs. Thawing is expected to add to the feedback loops that are accelerating Arctic warming. As sea ice turns to water, for example, less heat is reflected back into the atmosphere, speeding up the thaw. The thawing permafrost, in turn, releases more carbon that traps more heat in the atmosphere.Arctic vegetation is shifting in response to that amplified warming. Page Burt, a 73-year-old biologist in Rankin, monitors changes to blooming times and the replacement of the tundra’s low heath with taller shrubs that caribou dislike. Even with the higher wages provided by mining, caribou remain the primary food source for Inuit in the region, which means warming could increase food scarcity. The trend has been particularly devastating on Baffin Island, where the main herd has all but disappeared.Mining is an almost inevitable employer in Rankin. Among Burt’s many jobs—her house is part of a hotel she runs—is consulting for miners, including Agnico, on environmental impacts. Her husband, John Hickes, 75, has his own connections to the mines, having served as chief negotiator between the Inuit and Agnico. Hickes, who was born in an igloo, also operates a dog-sled tourism business.Among the most dangerous climate-related changes he’s noticed is unpredictable ice thickness, which makes hunting more dangerous. “Twenty years ago, you could ask an Inuk if a lake was suitable to cross by foot. Right now, that Inuk will tell you, ‘I don't know,’” Hickes said.The all-weather road to Agnico’s Amaruq mining camp bisects an expanse of tundra that in late July is a multicolored tapestry of lichen, moss and wildflowers. Speed is capped at 50 kilometers an hour (30 mph) to control dust and keep the gigantic trucks from flattening wildlife. On route to the camp, 22-year-old Kaytlyn Amitnak describes the animals who live here: sand cranes and foxes, wolverine and muskox, eagles, hares and legions of ground squirrels called siksik. Twice a year, as many as 250,000 caribou migrate across the mine’s routes from Baker Lake and Rankin Inlet. The herd has closed the roads for more than 50 days so far this year.Amitnak works as a human resources agent for the mine. Until now, she’s managed to split her “two weeks on/two weeks off” rotation between the camp and her parents’ home in Baker Lake, which she shares with her two-year-old daughter and other family members. Housing is desperately short and prohibitively expensive throughout the north, prompting Agnico to fly some two-thirds of the mining workers on charter flights from elsewhere in Canada. Amitnak recently decided to join the long-haul commuters, leaving her daughter with family so she can rent a home in Ottawa.Living far away won’t be easy, she said, but it will provide her daughter with otherwise unattainable luxuries. She pulls up a photo of the little girl on her phone, dressed in traditional Inuit clothing and trying to bore a fishing hole in the ice with a chisel—or “tuuq”—so big she can barely hold it. Amitnak recently bought her a trampoline with her mine wages and is looking forward to an upcoming heavy metal concert in Toronto.“It’s almost like living in two worlds,” she said.Flying more workers longer distances drives up Agnico’s operating costs. If its deposits weren't so rich and the company weren’t large, the cost of dealing with a long list of geographic hurdles would swamp the new gold mines. Fuel is the big one: Diesel is dirty and expensive—and hit by Canada’s carbon tax.Agnico says it would like to cut emissions, but there’s no viable alternative. Earlier this year, the company submitted a proposal to supplement diesel with renewable power purchased from the Inuit, but the federal government declined to subsidize the construction of a wind farm. The miner has also spent C$200 million to build 200 kilometers of gravel road from Baker Lake and Rankin Inlet to its two new camps, making it the largest owner and operator of roads in Nunavut. Agnico Chief Executive Officer Sean Boyd hopes the drive to assert Canada’s Arctic sovereignty will prompt the government to ramp up investment. Warmer temperatures could help his company in other ways. If Hudson Bay remains ice-free for longer, Agnico might be able to ship in cheaper, cleaner liquefied natural gas. Climate change could relieve some expensive problems associated with extreme cold: When temperatures plunge into the -30s or -40s Celsius, shovel teeth break, idled engines blow and saltwater brine needs to be pumped into drill holes to stop them from freezing.“A big part of our job is water management,” said Tom Thomson, 41, environmental coordinator for Agnico’s operations outside Baker Lake. The miner is already using “adaptive management” techniques in anticipation of impacts from global warming—securing pillars directly into bedrock, for instance, or rethinking the ways it stores and monitors mine waste to account for thawing. Back in Rankin Inlet, David Kakuktinniq threads his car through stacks of shipping containers fresh off the barge. Pulling into an area filled with heavy equipment, he stops in front of a line of shiny yellow tractors. Until three years ago, Kakuktinniq’s crews used these to haul sleds of fuel, but he parked them when the ice became too unpredictable. “It’s just too risky,” he said.It’s not the only change he’s noticed as the region thaws. Houses in town that were built with steel piles socketed into permafrost are starting to tilt as the ground shifts beneath them.“It’s changed, but it’s OK,” said Kakuktinniq, revealing what might just become the entrepreneur’s 18th venture. “We’ll create a business that fixes houses on piles.”—With assistance by Eric Roston, Ashley Robinson and Natalie Obiko PearsonThis story is part of Covering Climate Now, a global collaboration of more than 220 news outlets to highlight climate change.  To contact the author of this story: Danielle Bochove in Toronto at dbochove1@bloomberg.netTo contact the editor responsible for this story: Aaron Rutkoff at arutkoff@bloomberg.net, David ScanlanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • How Agnico Eagle (AEM) Stock Stands Out in a Strong Industry
    Zacks

    How Agnico Eagle (AEM) Stock Stands Out in a Strong Industry

    Agnico Eagle (AEM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

  • SBGL vs. AEM: Which Stock Is the Better Value Option?
    Zacks

    SBGL vs. AEM: Which Stock Is the Better Value Option?

    SBGL vs. AEM: Which Stock Is the Better Value Option?

  • Who Has Been Selling Agnico Eagle Mines Limited (NYSE:AEM) Shares?
    Simply Wall St.

    Who Has Been Selling Agnico Eagle Mines Limited (NYSE:AEM) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

  • When Does Market Timing Actually Work? - September 10, 2019
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    When Does Market Timing Actually Work? - September 10, 2019

    Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?

  • Why Every Investor Should Consider These 2 Gold Mining Stocks
    Motley Fool

    Why Every Investor Should Consider These 2 Gold Mining Stocks

    These gold stocks are among the best investments in the sector.

  • Gold Drops on US-China Talk Prospects, Strong Jobs Data
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    Gold Drops on US-China Talk Prospects, Strong Jobs Data

    Prospects of a U.S-China trade war truce, stronger-than-expected U.S. data on private-sector employment fueled a rally in the stock market and led to dip in gold prices.

  • Top Ranked Momentum Stocks to Buy for September 5th
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    Top Ranked Momentum Stocks to Buy for September 5th

    Top Ranked Momentum Stocks to Buy for September 5th

  • Franco-Nevada (FNV) Hits 52-Week High: What's Driving It?
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    Franco-Nevada (FNV) Hits 52-Week High: What's Driving It?

    Strong Q2 results, an upbeat outlook from its energy assets and the recent rally in gold prices are driving Franco-Nevada's (FNV) shares

  • Reasons to Add Royal Gold (RGLD) Stock to Your Portfolio
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    Reasons to Add Royal Gold (RGLD) Stock to Your Portfolio

    Strong fundamentals and good growth prospects make Royal Gold (RGLD) an attractive investment option.

  • Gold Surges to 6-Year High on Contraction in US Manufacturing
    Zacks

    Gold Surges to 6-Year High on Contraction in US Manufacturing

    U.S manufacturing activity contracts for the first time after 35 straight months of growth, triggering a 6-year high in gold prices.

  • Are You Looking for a Top Momentum Pick? Why Agnico Eagle Mines (AEM) is a Great Choice
    Zacks

    Are You Looking for a Top Momentum Pick? Why Agnico Eagle Mines (AEM) is a Great Choice

    Does Agnico Eagle Mines (AEM) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • 8 Precious Metals Stocks to Mine For
    InvestorPlace

    8 Precious Metals Stocks to Mine For

    Precious metals stocks have been on fire over the last few months, and you don't have to dig deep to know why. Essentially, investments like gold and silver represent safe-haven assets during times of uncertainty or turmoil. With the raging U.S.-China trade war, along with multiple geopolitical flashpoints, there's plenty of both descriptors to go around.Primarily, one of the biggest catalysts for precious metals stocks to buy is the inversion of the yield curve. Specifically, the yield for the longer-maturing 10-year Treasuries dipped below the yield of the shorter-maturing 2-year Treasuries. Therefore, what we have is a nonsensical economic condition: a riskier (based on time exposure) asset offers less reward than a more stable or predictable one.That kind of circumstance invites investor fears, which is bullish for precious metals stocks to buy. However, what could really send this commodities sub-segment to the moon is the Federal Reserve's response.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNaturally, the central bankers don't want this circumstance to continue; otherwise, no one in their right minds would buy 10-year Treasuries. First on the Fed's agenda is to flatten the yield curve. And at this point, that can only be accomplished by cutting benchmark interest rates further. Theoretically, this should drive down the 2-year Treasures' yield below the 10-year bonds. * 10 Companies Using AI to Grow But will this work? I'm not a central banker so I'm not an expert on this topic. But what I do know is that such actions are inflationary. And based on the present fiscal and economic circumstances, this is the only lever the Fed can pull.In layman's terms, gold and similar commodities will moon. Thus, here are eight precious metal stocks to consider. Barrick Gold (GOLD)Source: Shutterstock Precious metal stocks such as Barrick Gold (NYSE:GOLD) have certain risks that the underlying physical bullion markets do not; namely, the human element. Therefore, it pays when loading up on commodities-based stocks to buy to consider a heavier allocation toward established, stable names. With a long history and a market capitalization nearing $34 billion, GOLD stock certainly qualifies.Aside from its sheer size, what I like about Barrick is its quality of international exposure. Although geopolitical risks in their African projects exist, for the most part, the mining company is exposed to stable administrations. We're talking names like Canada, Chile, Australia, and the U.S.Plus, GOLD stock is bringing home the goods for stakeholders. On a year-to-date basis, shares have jumped over 46%. And since the beginning of June, they're up 51%.Ordinarily, I'd avoid such technically hot assets. However, GOLD stock is likely riding on unprecedented series of fundamental tailwinds. Newmont Goldcorp (NEM)Source: Piotr Swat/Shutterstock Many investors understandably avoid precious metals stocks because of the reputation of speculative mining projects. But like any sector, it's the quality of the individual company that matters. And with Newmont Goldcorp (NYSE:NEM), you have the provenance of nearly a century of experience. Thus, even if we see the return of a bear market in the metals, NEM stock will probably stick around.But I'm almost certain that such pessimism is far out into the future. For the near-to-intermediate term, Newmont Goldcorp should attract significant investor dollars. On a YTD basis, NEM stock has gained over 16%. That may not sound like much until you consider that since the beginning of May, shares have jumped nearly 35%. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Moving forward, I see strong gains ahead despite the already impressive performance. The majority of Newmont Goldcorp's projects are located in the stable regions of North America and Australia. Four projects are in South America, while only two are levered to Africa. Therefore, even if geopolitics rears its ugly head, NEM stock should find significant insulation. Agnico Eagle Mines (AEM)Another top name to add to your list of precious metals stocks to buy is Agnico Eagles Mines (NYSE:AEM). While some of the top-tier miners have some exposure to geopolitical risks, AEM stock is arguably almost completely insulated. I say this because Agnico Eagles has mining projects only in Canada, Finland, and Mexico. None of these countries strike me as dangerously unstable.But what really stands out about AEM stock is that the underlying company does not engage in forward gold sales. Forward sales are commonly used in sectors like commodities to help businesses predictably flatten the target assets' volatility. However, with Agnico Eagle, the eschewing of forward gold sales is a long-standing policy. Thus, buying AEM stock gives you full exposure to the gold spot price.In prior years, that was a raw deal. But at this juncture, this is exactly what you want. Already, the gold price has shot up over $1,550. Just a couple months ago, it was under $1,300. And with nothing indicating a headwind to this run, AEM stock gives you cheap exposure to the yellow metal. Royal Gold (RGLD)Although it's an incredibly hot name right now, Royal Gold (NASDAQ:RGLD) is an interesting play. And in my opinion, RGLD stock still has significant upside remaining.Most precious metals stocks to buy in the mining sector are risky because of the unknown. This is especially true for companies specializing in gold exploration: sometimes you hit pay dirt, and sometimes you don't. Because of the unpredictability involved, these investments can be incredibly volatile. But with RGLD stock, the underlying company mitigates the wildness through its streaming business model.Instead of actively mining for metals, Royal Gold instead has streaming and royalty agreements with miners. Typically, a company like Royal Gold will pay an upfront fee in exchange for future deliveries of a particular asset. * 7 Tech Industry Dividend Stocks for Growth and Income Because of this inherent risk mitigation, RGLD stock has outperformed many other physical mining-centric organizations. For instance, on a YTD basis, RGLD shares have skyrocketed nearly 61%. With bullion markets likely headed higher, Royal Gold might still be a bargain. Wheaton Precious Metals (WPM)If you're looking to precious metals stocks for protection in the markets, it's natural to only focus on gold. However, as my sit-down with commodities expert David Morgan illustrates, silver has tremendous potential right now. As proof, since my interview with the godfather of silver investing, the target metal has shot up over 18%.Of course, the silver spot price is more volatile than gold. But if you want exposure to this exciting metal but with some risk mitigation, consider Wheaton Precious Metals (NYSE:WPM). Formerly known as Silver Wheaton, WPM stock is no longer just a pure-play silver equity. However, the company still enjoys one of the biggest silver streaming businesses in the world.As I mentioned above for Royal Gold, WPM stock is intriguing for this streaming model. Unlike every other mining outfit, Wheaton doesn't have the associated onerous overhead costs. Management knows what their outlays are because they are negotiated ahead of time. That's a huge plus for WPM stock because pure miners operate under a cloud of uncertainty. First Majestic Silver (AG)Source: Shutterstock In my view, silver is the cryptocurrency of precious metals stocks to buy. Although it has the same monetary fundamentals as gold - silver was at one point "real money" - it also seems to have a mind of its own. Nevertheless, for me, the outsized potential for silver is enough to accept the risks. If you have a similar mindset, you should take a look at First Majestic Silver (NYSE:AG) and AG stock.For starters, First Majestic Silver lives up to the hype of precious metals stocks levered to the white metal. Since January's opening price, AG stock has soared over 91%. And since the beginning of August, First Majestic shares have popped up over 14%.As I've mentioned with the other sector players, I don't like to engage such strong momentum. But I keep going back to the Federal Reserve's inability to do anything but cut interest rates. That's inflationary for gold and should be exponentially so for silver. * 7 Stocks to Buy Down 10% in the Past Week Finally, on a fundamental note, First Majestic primarily focuses on Mexico's mining market. Close to home and a vital U.S. trading partner, I don't foresee major problems there. Therefore, AG stock also provides some measure of geopolitical insulation. Sibanye Gold (SBGL)Source: Money Metals via FlickrSibanye Gold (NYSE:SBGL) has significant operations in South Africa, which is both a blessing and a curse. Obviously, South Africa is exceptionally endowed with natural resources, including multiple robust gold mines. That naturally bodes well for SBGL stock. But on the flipside, the country's class and race dynamics have caused substantial conflicts, including mining-related labor strikes.Recently, such strikes over job losses and pay cuts have negatively impacted Sibanye Gold. As a result, SBGL stock hasn't seen the explosive returns that other precious metals stocks have witnessed over the past few weeks. Nevertheless, Sibanye has serious potential, as judged by its explosive YTD return of over 110%.Now, you might say that among this sector's stocks to buy, superior options exist. However, very few companies have the kind of robust exposure to the other precious metals, platinum and palladium. In particular, palladium is an incredibly rare commodity and Sibanye is the world's second-largest producer of it. Thus, I like my chances with SBGL stock. Norilsk Nickel PJSC (NILSY)Source: Shutterstock I'm going to be completely blunt: Norilsk Nickel PJSC (OTCMKTS:NILSY) is a ridiculously speculative name among precious metals stocks. Therefore, I wouldn't buy NILSY stock unless you fully understand that you're taking a gamble. Even then, I wouldn't allocate all of my "stupid" money on Norilsk.With these caveats out of the way, I'm still very intrigued with the potential upside opportunity in NILSY stock. Russia has the largest stockpile of palladium in the world. As such, Norilsk Nickel is the world's top producer of this rare commodity.Why am I so big on palladium? First, it's incredibly rare. Up until recently, one troy ounce of palladium was worth more than the equivalent size of gold. And while the yellow metal is on a run due to global economic fears, palladium still has a chance to regain its crown.That brings me to my second point: palladium has multiple uses and should be a relevant commodity in the 21st century. The metal is both resilient to atmospheric influences and is extremely ductile. These properties lend themselves to high-tech usage, which is why I'm even considering NILSY stock.As of this writing, Josh Enomoto is long the physical precious metals mentioned in this story. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies Using AI to Grow * The 10 Biggest Winners From Second-Quarter Earnings * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post 8 Precious Metals Stocks to Mine For appeared first on InvestorPlace.

  • Is Agnico Eagle Mines (AEM) Stock Outpacing Its Basic Materials Peers This Year?
    Zacks

    Is Agnico Eagle Mines (AEM) Stock Outpacing Its Basic Materials Peers This Year?

    Is (AEM) Outperforming Other Basic Materials Stocks This Year?

  • There Are Many More Gains Ahead for Gold
    InvestorPlace

    There Are Many More Gains Ahead for Gold

    Gold is following our "script"…Source: Shutterstock A year ago, we told you gold prices were headed higher.This didn't jibe with the mainstream view on gold.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt the time, the metal was trading at $1,211 an ounce. And it was down 36% from its all-time high, set in September 2011.Mom-and-pop gold investors were more bearish on the metal than ever. And The Vanguard Group, the largest provider of mutual funds in the world, had just shuttered its flagship precious metals and mining fund. * 7 Stocks to Buy Down 10% in the Past Week In short, mainstream investors had soured on gold…As David Neuhauser, the founder of Chicago-based hedge fund Livermore Partners, told the Financial Times after the Vanguard news…Investors have essentially run away from investing in [gold]. In Canada, which has typically been a gold haven, all the talk is about cannabis and bitcoin. It's extremely contrarian today to invest in gold.But "extremely contrarian" is our favorite type of play here at the Cut.And as we noted at the time, while mainstream investors were running scared, industry insiders were piling in.And when the "dumb" money (mom and pop) is turning its back on an investment… and the "smart" money (industry insiders) is backing up the truck… that's when you want to buy.Gold is up 27% since our call on August 27, 2018.The S&P 500 is flat over the same period.In short, despite almost no coverage in the mainstream media, unloved gold has been a much better place for your money than overhyped stocks.But don't worry if you missed out on the gains so far.Gold expert E.B. Tucker says there are plenty more gains ahead…As he's been telling Casey Research readers, he believes gold is setting up for a monster rally… one that could take gold back above its all-time peak of $1,900 an ounce.We'll get to E.B.'s investment case for gold in a moment. But first, if you don't already know him, a quick introduction…E.B. heads up our Strategic Investor and Strategic Trader advisories. He's also a gold industry insider.He's on the board of a gold mine financing company. And before joining the team here at Legacy, he comanaged a fund that invested in gold mining stocks.And he's tracked the gold market closely for nearly two decades.That makes E.B. a connoisseur of the gold market cycle…And as he's been telling his readers, we're nowhere near the top of this bull market cycle…The most important thing to understand about gold is it's a cyclical market. When gold was at $1,900 an ounce back at its peak in 2011 you had Mr. T doing gold commercials. You had "Cash for Gold" signs everywhere. Those were overenthusiastic conditions.At the bottom of the market, you have the opposite. You have guys who have been in the business for decades saying there's no way any price jump is real.And despite the recent gains, that's where we are now. The guys running the leading gold mining companies are demoralized. They're beaten. They just can't believe the gold rally is real. Fear is still the dominant emotion. So now is the time to make your investment in gold… and sit tight.Another bullish catalyst, says E.B., is that summertime is usually a slow time for the gold market…People take summer vacations. They're out of the office. So professional investors and hedge funds don't have time to have committee meetings to make decisions about buying gold. And these are the guys that really move the needle on prices.This is important because most of these funds have no gold. Because of all the negative news around gold… and the hype around Bitcoin… they're more likely to have a crypto allocation than a gold allocation.So this gold rally has caught the pros off guard. They were unprepared for the spike that we saw over the past six weeks. That tells me we're going to see price rises accelerate, as these institutional funds chase gold higher.As his colleague, I (Chris) know it pays to listen when E.B. talks gold. He has a track record of nailing calls like this.E.B.'s subscribers have already had the chance to make triple-digit gains on gold…In May of last year, E.B. added the world's best-run gold mining firm, Agnico Eagle Mines (NYSE:AEM), to the Strategic Investor model portfolio.Subscribers who acted on his recommendation are up 56%.And last August, E.B. recommended speculating on Aurion Resources (AU-V). Aurion is a Canadian-listed gold exploration company.Since E.B.'s recommendation, shares are up 161%.(Note: AEM and AU-V are both above E.B.'s recommended buy-up-to prices of $55 and C$1.10, respectively.)And another gold stock E.B. added to the model portfolio just a month ago, on July 29, is already up 30%.And E.B. wasn't shy about his bullishness on gold…Last December, in an interview with gold industry news network Kitco, E.B. said gold would hit $1,500 before the end of 2019.With gold trading for just $1,236 at the time, it seemed like a long shot. But sure enough, three weeks ago, it crossed the $1,500 milestone.What can you do to make sure you don't miss the gains still ahead for gold?E.B. says the first step is to make sure you own some physical gold…Physical gold has limited downside and big upside from here. Not only that, it has also survived every major financial crisis in history. This makes it the ultimate safe-haven asset.Owning physical gold is also one of the only ways to prevent the government from having total control over your financial life.Today, nearly every transaction is tracked by the government. Every time you withdraw money, deposit money, trade a stock, cash a check, or make a wire transfer, the government knows about it.Gold also lies outside the control of central banks like the Federal Reserve. That makes it an important way to preserve some of your financial freedom.So if you own no gold right now, investing in the physical stuff is your best option.E.B. recommends you start with 1-ounce gold bullion coins…There are two types of gold coins - rare coins (or "numismatics") and bullion coins.If you're just starting out, E.B. recommends avoiding numismatics. E.B…A numismatic is a coin that is no longer produced. It can be tens… even hundreds of years old. Many rare coins date from the mid-17th century. This is when coin makers stopped hand-striking coins and started striking them by machine.But here's the real trouble with numismatic rated coins. You often pay significantly more for them than regular coins. You're getting the same amount of gold. But numismatics cost more because of their collectible value. For a novice, that's hard to judge.Fraud is much more common in the numismatic market. Rare or collectible coins can turn out to be fake. Or, if the gold is real, sometimes the rarity rating is not.That's why E.B. recommends starting out with bullion coins…A bullion coin is a coin valued primarily for the gold it contains, not for its rarity. Bullion coins come in various weights. But the most popular coins contain one ounce of pure gold. And they allow you to store tremendous wealth in a small space.We know navigating the gold coin market can be confusing at first…That's why E.B. asked coin dealer Gainesville Coins to create a page of discounted options for bullion coins as a jumping-off point.The page was originally only for paid-up readers of our Strategic Investor advisory.But because of gold's recent moves, E.B. is making it available to all Legacy readers.(E.B. and Legacy don't receive any compensation from Gainesville Coins for bringing you this offer. It's purely as a service to readers.)But that's just one way to play the monster gold rally E.B. sees coming…Once you have some physical gold, you should consider speculating on gold mining stocks.That's because of the "leverage" - or extra oomph - they give you over the price of the gold coins and bars.We'll be diving into that tomorrow. As you'll see, if you'd bought gold stocks last summer, you would have nearly doubled the returns of physical gold.And that kind of extra oomph is still available… as the monster gold rally E.B. predicts plays out.Stay tuned.Regards,Chris Lowe August 28, 2019 Dublin, Ireland More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy Down 10% in the Past Week * 15 Retail Survivors to Buy for the Long Run * 7 Stocks That Wall Street Thinks Could Rise 50% Or More The post There Are Many More Gains Ahead for Gold appeared first on InvestorPlace.

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