123.59 +0.54 (0.44%)
Pre-Market: 6:33AM EDT
|Bid||123.36 x 1800|
|Ask||123.35 x 800|
|Day's Range||122.89 - 123.40|
|52 Week Range||111.06 - 129.47|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.07|
|Expense Ratio (net)||0.40%|
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)All-in sustaining costs and gold minersAISC (all-in sustaining costs) is an encompassing measure that helps investors compare performances of gold miners. It
Which Gold Mining Stocks Could Have Upside Potential in 2019?(Continued from Prior Part)Reserve replacement To achieve production growth in the long term, gold miners (GDX) (GDXJ) have to replace every ounce they take out of the ground. Therefore, to
Transport equities have rebounded of late as the asset category is trading at the lowest valuation in a long time. The advance earned transport stocks the first place in the list and were followed by bonds, which saw falling yields lately as risks to the global economy increased. Africa equities took the middle spot and were followed by the European shared currency, which was hit by a strong dollar and a dovish European Central Bank. Silver closes the list. Check our previous trends edition at Trending: Palladium Shoots up on Supply Shortages and Strike Fears.
Which Gold Mining Stocks Could Have Upside Potential in 2019?Gold’s performance YTDThe SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets. Compared to GLD’s gain of 0.8%, the SPDR S&P 500
Newmont-Goldcorp Merger: What to Expect from Combined Company(Continued from Prior Part)Barrick’s hostile bid for Newmont On February 25, Barrick Gold (GOLD) put in an unsolicited bid to acquire Newmont Mining (NEM), which did not offer any premium
Gold prices gain Tuesday, recouping most of the previous session’s losses, with the dollar weakening in the wake of monthly U.S. inflation data, as investors watch the outcome of a vote by U.K. lawmakers on Prime Minister Theresa May’s Brexit plan, which came after the finish for bullion.
Newmont-Goldcorp Merger: What to Expect from Combined Company(Continued from Prior Part)Analysts’ ratings for GoldcorpCurrently, 17 Wall Street analysts are covering Goldcorp stock. 47% recommend a “buy,” and 47% recommend a “hold.” The
Gold exchange traded funds such as the SPDR Gold Shares (NYSEArca: GLD) have given up some ground in recent days, but data suggest global investors and central banks remain fond of bullion. Ongoing concerns ...
Gold exchange traded funds such as the SPDR Gold Shares (NYSEArca: GLD) have recently traded lower, but despite outflows, global gold-backed ETF holdings are still up 2% on the year. It appears strategic ...
The Dow Jones Industrial Average could close the trading week with its fifth straight losing session on Friday, but defensive-minded investors are taking action through precious metals and miners. The ...
Given the latest economic developments, investors should stash their cash in some safe investing zones. We have highlighted them and their ETFs here.
The Dow could record its fifth straight losing session today, but defensive-minded investors are taking action through gold, other precious metals and miners.
Global uncertainty since late last year has spurred a renewed appetite for gold and gold-backed ETFs among investors looking for a safe-haven asset.
It's a new bull market. But the one I'm referring too isn't focused on possible algo-driven "FOMO" and the likes of the S&P 500. This bull is all about a more sustainable rally occurring under-the-radar in Vaneck Vectors Gold Miners ETF (NYSEARCA:GDX) and SPDR Gold Shares (NYSEARCA:GLD). And for investors and gold bugs alike, it's in position to be bought today using either GDX stock or GLD. Let me explain.Source: Shutterstock It has been quite the rally for the broader market. A punishing corrective move of a couple months abruptly stopped in its tracks in late December and has gone on to establish a historic and an almost equally dizzying V-shaped bottom pattern. Chalk it up to FOMO or the "fear of missing out" in today's much faster markets driven by algorithms or maybe Wall Street's pervasive attention deficit disorder as well.But it's another solid price move in GLD stock and GDX shares that's received a good deal less media coverage which looks like the real deal for investors of all types wanting to smartly diversify at opportunistic prices in today's market. Bottom line or in this case and as I'll show, the squiggly price lines in GLD and GDX are looking technically "golden" right now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips GDX Stock Monthly Chart Late 2018 delivered a bit of a reality check for stock market investors programmed over a decade that buying the dip was a viable strategy for easy and linear profits in their favorite companies such as Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN) or a smaller growth play like Roku (NASDAQ:ROKU). Still, as the longer-term monthly chart in GDX continues to emphasize, that temporary painful lesson in the broader market pales by comparison. * 7 Dow Jones Stocks to Buy Over the same period since the financial crisis ended, a quick look at GDX stock's monthly chart shows a couple multi-year bottoms and shares nowhere near their highs. In fact, gold stocks are off about 67% from the ETF's all-time-high of $66.98 set in September 2011.The good news in all of this is the sizable base-building period has established a couple significant double-bottoms good for flushing out all but the most die-hard of gold bugs. What's more, the price action has also broken a couple equally important downtrend lines in the process. GDX Stock Daily ChartDrilling down into GDX stock's price action on the daily chart, the even better news is that investors can buy into a promising new bull market at value prices, technically speaking. Currently, GDX appears to be bottoming as it tests its prior highs, up-channel and the 38% Fibonacci support level following a pullback of a couple weeks in length. Shares are also oversold based on the stochastics indicator. That's technically appealing in our view.The suggested strategy is to go long GDX stock above $22, set a blended money and technical stop below $21 and look to take initial profits at $24, where a bit of channel resistance should come into play. GLD Stock Daily Chart For investors wanting more of a pure play rather than the companies using the shovels to dig for gold, the GLD ETF looks similarly compelling on the daily price chart. The gold proxy has also held its value over the past decade better than GDX with shares 'only' off by around 35% since hitting its own high in September 2011 and which might also be of interest to some investors.With shares currently oversold and having pulled back fill a price gap and test channel and the 38% retracement level, all that's left in our estimation is a purchase above $122. That would signal a bullish reversal of a multi-day doji pattern that's formed.I'd set a stop in GLD stock below $120.70. That gives a bit of modest wiggle room to invalidate the potential bottom while also keeping exposure contained to a scant 1%. And on the upside? As with GDX stock, potential channel resistance near $128 looks "golden" for taking initial profits.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, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks That Should Be Worried About a Data Dividend * 5 Cheap ETFs Worth Considering * 7 Cheap Stocks Under $5 That Could Soar Compare Brokers The post Strike Gold in Vaneck Vectors Gold Miners and SPDR Gold Trust appeared first on InvestorPlace.
Even as stocks stumbled Monday, the SPDR Gold Shares (NYSEArca: GLD), the world’s largest gold ETF, and rival gold funds closed modestly, extending losses accrued over the past week. During that time, ...
How Warren Buffett’s Investment Philosophy Has Evolved(Continued from Prior Part)Warren BuffettBerkshire Hathaway (BRK-B) chair Warren Buffett has never been a fan of cryptocurrencies like bitcoin. Last year, Buffett called bitcoin a “rat
Goldman Sachs: Why It's a ‘Pound-the-Table Time’ to Buy GoldGold prices fell recently Gold prices (GLD) fell by over 2.5% for the week ended March 1, their biggest weekly decline since August 2018. Mostly, the trade optimism between the US and
The SPDR Gold Shares (NYSEArca: GLD), the world’s largest gold ETF, and rival gold funds have been solid performers to start 2019 and some commodities markets observers see more upside ahead for bullion. ...
The SPDR Gold Shares GLD (GLD A-), the world’s largest gold ETF, and rival gold funds have been solid performers to start 2019 and some commodities markets observers see more upside ahead for bullion.
Newmont Mining Rejects Barrick Gold’s Hostile Acquisition BidBarrick’s bid for Newmont As we discussed in Barrick Gold Makes a Hostile Bid to Acquire Newmont Mining, on February 25 Barrick Gold (GOLD) made an unsolicited bid for its rival
Barrick Gold after the Randgold Merger: Upside in 2019?(Continued from Prior Part)Valuation Among senior miners (GDX), Barrick Gold (GOLD) has the highest EV-to-EBITDA multiple of 8.4x—a premium of 29% to its historical multiple. The company’s
Barrick Gold after the Randgold Merger: Upside in 2019?(Continued from Prior Part)Free cash flowSince generating FCF (free cash flow) creates shareholder value and helps a business’s long-term prospects, it’s important for investors to track
Barrick Gold after the Randgold Merger: Upside in 2019?(Continued from Prior Part)Financial leverage Investors have become cautious about miners’ escalating debt positions resulting from acquisitions conducted at the peak of the cycle. Some miners
Gold is set for its seventh day of declines after a 15.65% rally into February. How are concerns over China trade, Brexit, fund flows, and a possible Newmont-Barrick tie-up affecting pricing of the yellow metal? Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss.