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The gold related markets were outstanding in 2019. Gold shares were especially strong, leading the way for the entire sector, observe resource sector specialists Mary Anne and Pamela Aden, editors of The Aden Forecast.
Last year was great for owning risk assets. Yet with more than a few compelling reasons to hedge Wall Street's enduring and endeared bull market, it's time to consider a portfolio hedge with mining stocks. Today we'll look at three risk-adjusted plays to profit and smartly diversify.The historic bull run in equities is running on fumes as we begin 2020. More than a decade since the financial crisis crippled economies and the stock market, investors are partying harder than we've seen since 1999.We know how that played out.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe well-defended rally, which in hindsight became known as the Dot.com bubble, saw even the best and biggest companies like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) hammered in the aftermath. Of course, today is obviously different than that era's pricing miscalculation. And for the better. Nonetheless, today's environment has many of its own risks that shouldn't be ignored. * 7 Inflation-Beating REITs to Ground Your Income Portfolio The thing is, now and with trillion dollar plus market caps in the rear-view mirror, a dazzling 2019 rally in hand led by dizzying gains in AAPL and MSFT, kicking the tires isn't unreasonable. Moreover, with frothy market multiples questionably pricing in more good times to come and political instability offered in spades both inside and outside the White House, buying into a low-correlated bull market just underway in mining stocks makes total sense. Mining Stocks to Buy: iShares Gold Trust (GLD) Source: Charts by TradingViewThe yellow metal proxy iShares Gold Trust (NYSEARCA:GLD) is the first of our precious metals stocks to buy. Gaining direct exposure to the underlying hard asset without the potential headaches of company-specific risks, as well as GLD stock's top-notch liquidity makes this vehicle a terrific choice.Technically, a buy decision in this precious metals stock is made even easier in today's market. Shares in January have staged a breakout from a three month lateral consolidation pattern to multi-year highs. The observation is that GLD stock's breakout is the beginning of a momentum-driven second leg. If correct, shares should conservatively rally toward $170 over the next few months.GLD Stock Strategy: Use momentum to your advantage. Wait to buy GLD stock if an overbought monthly stochastics can regroup and form a bullish crossover. I'd also require this precious metals stock to maintain what I'd label "pattern and pragmatic price support" above $140 as a prerequisite for purchase. Pan American Silver (PAAS) Source: Charts by TradingViewPan American Silver (NASDAQ:PAAS) is the second of our precious metals stocks to buy. Don't let the name fool you. While primarily a silver mining company, PAAS stock also produces and sells gold, zinc, lead and copper. More importantly, it would be even more foolish to overlook this precious metals stock's formidable relative strength. And right now Pan American's technical story just got better. On the daily chart shares have confirmed an oversold pullback entry within PAAS' market-leading and sturdy-looking uptrend. * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever PAAS Stock Strategy: Buy this precious metals stock today. I'd advise $25 as a spot to take initial profits. Conversely, if today's confirmed pullback falters, an exit beneath the pattern low is smart business off and on the price chart. Sibanye Gold Limited (SBGL) Source: Charts by TradingViewSibanye Gold Limited (NASDAQ:SBGL) is the last of our three precious metals stocks to buy. This gold and diversified metals play was a technical standout in 2019. Follow-through in 2020's early going has been checked by SBGL stock's lifetime 50% retracement level and a tight layer of price action acting as resistance. In our view, today's hesitation is temporary and overbought conditions will continue to reward the more daring.SBGL Stock Strategy: Buy this precious metals stock on a move above $10.65. This entry looks to buy into momentum as shares clear resistance. To ensure investors aren't left holding fool's gold, keep a stop beneath $9.50 to avoid an undesirable change in technical character and unwarranted monetary exposure.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 15 Stocks to Buy in 2020 * The 7 Most Important Companies That Didn't Survive the 2010s * 4 Mega-Tech Stocks Reaching for the Sky The post 3 Mining Stocks to Buy appeared first on InvestorPlace.
In terms of performance and inflows, gold ETFs, including the SPDR Gold MiniShares (NYSEArca: GLDM), SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEARCA: IAU) and others, enjoyed stellar runs ...
Gold prices have continued to surge this week as tensions between the U.S. and Iran drive investors toward safe harbors. Gold prices increased $50 in the opening trading days of 2020 and then reached their highest levels since 2013 in the wake of Iranian missile attacks on military bases in Iraq. Benchmark crude oil prices also rose following the U.S. airstrike that killed Qasem Soleimani, the leader of the Iranian Quds force.
One of my themes in 2019 was to hold portfolio positions in gold with an allocation of 10%. Now it's time to reduce this allocation to 5% as Comex gold futures test their semiannual risky level at $1,610.6.
Technically speaking, the U.S. benchmarks’ bull trend has thus far weathered a jagged 2020 start amid heightened geopolitical tensions, writes Michael Ashbaugh.
After starting off lower on the day, U.S. stocks made a strong recovery in Monday morning trading. Let's look at a few top stock trades as a result. Top Stock Trades for Tomorrow No. 1: Amazon (AMZN)Source: Chart courtesy of StockCharts.comAlmost two weeks ago, we outlined Amazon (NASDAQ:AMZN) as a top stock trade, but the setup here is hard to ignore.In late December, Amazon shares broke out over channel resistance (blue line) and the 200-day moving average. After hitting $1,900, the stock recoiled, but found support at previous resistance. That was a sign that bulls were in control and with the latest action, it looks like more upside could be in store.InvestorPlace - Stock Market News, Stock Advice & Trading Tips$1,900 continues to stymie Amazon stock, but a move over it could trigger a gap-fill up to $1,970. Below $1,830 and the setup is much less attractive for bulls. * 9 High-Risk Stocks to Buy for Massive Rewards Keep the downside in mind, as the markets have increased in volatility in recent trading. Top Stock Trades for Tomorrow No. 2: Gold ETF (GLD)Source: Chart courtesy of StockCharts.comThe SPDR Gold Trust ETF (NYSEARCA:GLD) has been on fire ever since breaking out in late December. On Monday, the GLD hit new highs as gold hit its highest prices in years. While impressive -- as is the recent volume (blue box) -- the move is unsustainable.The GLD is pulling back from its opening prices on Monday, as traders sell the large move higher. The RSI (blue circle) suggests shares are overbought, too.That doesn't mean the GLD can't go up to $150 or will embark on a massive pullback. Only that it needs to cool off if it wants to continue higher. I'd like to see a decline down toward the $144 area. If support can step in there, perhaps along with the 20-day moving average, then it's possible bulls can take the GLD higher on a more sustainable rally. Top Stock Trades for Tomorrow No. 3: AT&T (T)Source: Chart courtesy of StockCharts.comAT&T (NYSE:T) continues its gentle rise higher, but resistance at $39.50 is keeping a lid on the stock. Since September though, shares have put in a series of higher lows.This makes the setup rather simple for bulls. Either the stock will need to break out over $39.50 or it will need to pull back to uptrend support (blue line).A breakout will need to hold over $39.50 and ideally take out the November high at $39.70. A decline down to uptrend support will need to hold, otherwise, the $36 to $36.50 area is on the table. Top Stock Trades for Tomorrow No. 4: Raytheon (RTN)Source: Chart courtesy of StockCharts.comDefense names have been breaking out, and Raytheon (NYSE:RTN) is no exception. Shares broke out on Thursday, gained further on Friday and gapped significantly higher on Monday.But like oil, gold and other escalation plays, that gap up was met with sellers, just as the gap down in U.S. equities was met by buyers. Should RTN stabilize, see if it can take out the $232.50 level.If it loses $225, it likely puts the $220 breakout breakout level and rising uptrend support (blue line) on the table. If it falls below those marks, the 50-day moving average is the next line of defense for bulls. Top Stock Trades for Tomorrow No. 5: SmileDirectClub (SDC)Source: Chart courtesy of StockCharts.comSmileDirectClub (NASDAQ:SDC) is surging on Monday. Even well off its highs, SDC stock is still up more than 20% on the day. Is the stock finally turning a corner?Downtrend resistance (blue line) had brought SDC stock all the way from $20 to the single digits. However, shares quietly crept over this mark over the past few sessions. Bulls may be have felt better about the stock as a result, but few likely predicted Monday's 20% move that would reclaim the 20-day and 50-day moving averages.From here, I would love to see SDC stock hold up over the $10 to $10.20 area, which has been resistance since November. Over $10.20 puts $11 -- the November gap -- in play. Over that mark and the $12.50 to $13 area is possible.If that seems extreme, remember, this stock went public at $23 in September and bottomed at $7.56 in December.Below $10 and the 50-day moving average is the next level of support, but since it's newly established and has never really been tested, there's no telling if it will hold.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy to Kick Off the New Year * 7 Buyout Targets to Watch For 2020 * 9 Boring Stocks to Buy You Should Never Let Go Of The post 5 Top Stock Trades for Tuesday: AMZN, GLD, T appeared first on InvestorPlace.
With the return of geopolitical tension, gold price spiked to the highest level in nearly seven years. Investors could tap the rise in bullion price with the help of ETFs.
Could this be a watershed moment a la the assassination of Archduke Franz Ferdinand, a fulcrum in the history of the clash of civilizations between East and West? Nobody knows until long afterwards, but the potential is there. The leader of Iran’s elite Quds forces, General Qassem Soleimani, has been assassinated in an American bombing […]The post Market Morning Special: Franz Ferdinand Moment? Iranian General Soleimani Rests in Pieces appeared first on Market Exclusive.
The SPDR Gold Shares (GLD) , the largest gold ETF, and other gold-backed ETFs are rallying to finish 2019 as the yellow metal notched its fifth consecutive day of gains Monday. In fact, some commodities market observers believe the yellow metal can continue delivering solid showings in 2020. While good may not duplicate its 2019 showing in 2020, many market observers expect bullion to deliver more upside in the new year.
Value Of Earth’s Stock Markets Reaches $90 Trillion Just $910 trillion to go before we have to start using the word “quadrillion” in reference to stock valuations. The dizzying number has a lot to do with central banks around the world, which continued to print money at breakneck speed for the 11th year since the […]The post Market Morning: Stocks Worth $90T, Gold Jumps, Chinese Chicken Problems, El Erian Worries appeared first on Market Exclusive.
Gold prices are soaring above $1,500 an ounce -- as political and trade uncertainty remain heading into 2020. Todd Shriber, staff writer at Benzinga joins Yahoo Finance's Seana Smith to discuss on The Ticker.
By 2024, more money will be invested in ETFs than mutual funds, according a recent report. Yahoo Finance's Jared Blikre joined On the Move to discuss.