|Bid||138.15 x 1200|
|Ask||138.32 x 3000|
|Day's Range||137.97 - 138.42|
|52 Week Range||114.59 - 146.82|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||14.06%|
|Beta (3Y Monthly)||-0.06|
|Expense Ratio (net)||0.40%|
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From ...
At first glance, the case for gold stocks to buy appears incredibly challenged right now. One of the biggest impediments to a rising equities market has been the U.S.-China trade war. Recently, though, both sides appear willing to negotiate. Even President Donald Trump, no stranger to angry rhetoric, appeared optimistic for a substantive trade deal.Wall Street has given Trump the benefit of the doubt, significantly hurting the case for gold stocks to buy. Both the venerable Dow Jones Industrial Average, along with the benchmark S&P 500 have charged to all-time highs. In sharp contrast, gold prices, which have looked so strong this year due to rising fear and uncertainty, have slid downward this month.But before you get too complacent, Yahoo Finance contributor Rick Newman brought up an excellent question: Why is the Street giving any credibility to Trump? As Newman bluntly put it, "There is, in fact, no trade deal with China." Further, he provides his readers with a warning from the not-so-distant past:InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Last December, after meeting with Chinese President Xi Jinping, Trump said, 'It's an incredible deal. It goes down, certainly, if it happens, it goes down as one of the largest deals ever made.' If you're wondering what deal that was, well, yes -- there was no deal."Thus, I don't think the thesis for gold stocks to buy is dead. And even if a trade deal materializes, I recently presented my argument for why big banks are in trouble. Namely, the economy is nowhere near as healthy as advertised. * 10 Cheap Stocks to Buy Under $10 This pressured environment dramatically raises the profile for gold miners. Additionally, don't ignore the potential for silver stocks to buy. Newmont Goldcorp (NEM)Source: Piotr Swat/Shutterstock Under any economic condition, I believe some exposure to gold and precious metals is prudent. Going 100% into any asset class is simply asking for trouble. That said, I understand the inconveniences involved with buying physical bullion. Thus, if you're not into gold-based exchange-traded funds like SPDR Gold Trust (NYSEARCA:GLD), then Newmont Goldcorp (NYSE:NEM) and NEM stock could be right for you.With a market capitalization of $30.3 billion, NEM stock is at time of writing the biggest name among publicly traded gold stocks. And while such stability typically means that Newmont won't rise as dramatically during a gold rush, you're likely not to lose your shirt with this investment. No matter what, both gold and silver stocks are known for volatility; thus, having a safety net makes sense.Thanks to its January 2019 acquisition of Goldcorp, NEM stock offers fundamental robustness. With stronger margins and higher growth trajectories, NEM is well positioned to advantage the fear trade. That might very well come if this trade war negotiation turns out to be another head-fake. Sibanye Gold (SBGL)Source: Shutterstock One of the biggest gold stocks to buy, Sibanye Gold (NYSE:SBGL), is notable today for moving against the grain. While the spot price for the underlying yellow metal has steadily declined since the beginning of September, SBGL stock has veritably skyrocketed. Is there something in the water in South Africa where Sibanye is headquartered?We all know that Africa has very valuable natural and precious resources. Among those resources isn't just gold, but also platinum and palladium. The latter metal has enjoyed a robust performance in the markets. Currently, palladium is worth more than gold, even with a sharp drop in price. Since Sibanye is the second-largest producer of the precious metal, SBGL stock has enjoyed outsized gains. * 7 Under-the-Radar Retail Stocks to Buy Now Not only that, management has been very active in the mergers and acquisitions scene. Consolidating more companies under its umbrella, SBGL stock has a very robust growth pathway over the long run. Franco-Nevada (FNV)Source: Shutterstock Among the best performing gold stocks to buy, what most impresses me about Franco-Nevada (NYSE:FNV) is its resiliency. Several mining companies, especially the ultra-speculative silver stocks, fell sharply following the 2011 precious metals rally and subsequent collapse. While FNV stock certainly felt the heat, it didn't fold like many of its peers.A major reason why this is involves fiscal stability. Prior to the 2011 run up, many sector players got gold fever, believing prices would rise indefinitely. Unfortunately, these organizations were not prepared for the coming bearish phase, taking risks they normally wouldn't have.However, Franco-Nevada has kept its financials relatively clean. For instance, its balance sheet has very manageable debt levels compared to its cash holdings. In other words, management hasn't stretched itself, which is a positive attribute in this environment. You just never know what's going to happen next. Thus, FNV stock gives you a balanced approach between upside potential and stability. Sandstorm Gold (SAND)Source: Shutterstock A lesser-known entity among gold stocks to buy, Sandstorm Gold (NYSEAMERICAN:SAND) could eventually turn out to be a front runner. Although the low SAND stock price makes it riskier compared to its larger brethren, what investors will appreciate is the underlying company's business model.Featuring a portfolio of royalty assets, Sandstorm doesn't actually operate mining projects. Instead, it invests in companies that have a need for capital. In return, Sandstorm receives a share of the spoils. For those who are concerned about the volatility in metal prices, SAND stock may offer an ideal platform. Thanks to the royalty model, it's much easier to predict cash flows for the company. * These 7 Stocks to Buy Were Big Winners This Earnings Season That said, don't jump aboard SAND stock assuming that it has no risks. Primarily, Sandstorm has a substantial stake in the Hod Maden mine in Turkey. If this pans out, SAND is due for a massive upswing. But it's also important to consider that Turkey isn't exactly a geopolitically stable area. First Majestic Silver (AG)Source: Shutterstock While gold stocks get most of the coverage in the precious metals sector, investors shouldn't ignore silver stocks. Generally speaking, the cheaper of the pair share a strong correlation with each other: As one moves higher, so too does the other. With that in mind, those interested in mining companies should consider First Majestic Silver (NYSE:AG) and AG stock.One of the attributes about First Majestic that I found appealing is its geographic positioning. The company has 100% ownership of six mines in Mexico. Aside from being a neighboring country, Mexico has free trade agreements with multiple developed economies. More importantly for potential buyers of AG stock, Mexico features relative political and financial stability.And because the U.S. and Mexico are such close partners, the latter is truly disincentivized from acting irrationally.That said, AG stock isn't without risks. Typical of smaller silver stocks, First Majestic historically has suffered middling profitability margins, though these metrics have recently improved. Wheaton Precious Metals (WPM)Source: Shutterstock Like gold stocks, silver mining investments are wild, even more so than those companies producing the yellow metal. Because silver has both industrial and monetary components, as well as a thinner market, the supply-demand picture is unpredictable. However, Wheaton Precious Metals (NYSE:WPM) takes much of the guesswork out with its streaming business model.Like Sandstorm Gold, Wheaton Precious Metals doesn't own mining projects. Instead, it provides necessary capital for miners. Therefore, an investment in WPM stock provides broader coverage to the silver mining industry than would be possible through a traditional business model. And because of the pre-negotiated contracts, it's much easier to predict Wheaton's financial trajectory. * 7 Earnings Losers That Were Hit Hard This Season Interestingly, WPM stock has held up reasonably well following the precious metals' fallout earlier this decade. Now, it appears the tide is shifting favorably for both gold and silver stocks to buy. Don't be surprised if WPM enjoys outsized performance. Pan American Silver (PAAS)Source: Shutterstock Relative to gold stocks, the silver miners have a reputation for being high-risk, high-reward investments. However, those that value hard results with the possibility of outstanding gains should consider Pan American Silver (NASDAQ:PAAS). While silver prices have slipped badly in November, PAAS stock is up over 4% since the beginning of the month.Why? The Street took a very positive view on the company's third-quarter earnings results. Revenue came in at over $352 million, representing a year-over-year lift of nearly 88%. Moreover, Pan American delivered net income of $37.7 million, which translates to earnings per share of 18 cents. In the year-ago quarter, EPS was a loss of 6 cents.Following the results, PAAS stock benefitted from a robust session the next day.I wouldn't be surprised if we saw further gains down the road. PAAS stock was a survivor of the dark days of silver and gold stocks early this decade. With a much more favorable pathway ahead, the underlying company has the potential to pull off big surprises.As of this writing, Josh Enomoto is long all the precious metals mentioned above. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Great High-Yield Stocks With Payouts Over 5% * 10 Blue-Chip Stocks to Buy for the End of the Year * 5 Retail Stocks Getting Nothing but Coal This Holiday Season The post 7 Silver and Gold Stocks to Buy That Offer Contrarian Upside appeared first on InvestorPlace.
Gold ETFs, including the SPDR Gold Shares (GLD), the iShares Gold Trust (IAU) and the SPDR Gold MiniShares (GLDM) , have pulled back in recent days as market participants have revisited riskier assets, including equities. Gold ETFs previously rallied amid increased expectations of a U.S. rate cut, even as some investors locked in profits from bullion’s recent rally. Gold is believed by many investors to be inversely correlated with interest rates.
With a more positive global outlook diminishing the need for safe-haven assets, investors are dumping gold-related exchange traded funds. For example, investors yanked $620.7 million out of the SPDR Gold ...
Options bets suggest that traders may be a bit too unnerved about the risks facing the stock market heading into the end of the year. History suggests that such complacency could come back to bite them. Just a day before the CBOE VIX or Volatility index exploded higher in late July, I wrote about the monstrous rally the market had in June and July, recovering all of its May losses and repeatedly chronicling fresh highs, during which time the VIX had coiled, settling around the 11-12 level, amid investor complacency.
Gold ETFs, including the SPDR Gold Shares (GLD), the iShares Gold Trust (IAU) and the SPDR Gold MiniShares (GLDM) , are among the kings of the commodities complex this year, but that doesn't mean those funds are moving up in a straight line. Gold ETFs previously rallied amid increased expectations of a U.S. rate cut, even as some investors locked in profits from bullion’s recent rally. Gold is believed by many investors to be inversely correlated with interest rates.
Gold ETFs operating as trusts are straightforward. The trust holds gold and issues shares. Learn how ETFs are more efficient than buying physical gold.
Though the momentum in gold slowed down with start of the fourth quarter, the combination of factors indicates bullishness ahead, suggesting that investors could buy the dip in gold ETFs.
With the U.S. and China moving to resolve a long drawn-out trade war, risk appetite has shifted and investors are selling off safety plays like gold and related ETFs. Meanwhile, Comex gold futures were 1.6% lower to $1,469.6 per ounce. “A gyration in market risk has continued to add upwards pressure to underlying gold allocations, while recent monetary policy guidance, strength in US equities, and potential trade deal headlines have obumbrated the market, capping the upside,” Christopher Louney, commodity strategist at RBC Capital Markets, wrote in a research note, according to MarketWatch.
The fate of the 'phase 1' U.S.-China trade deal remains uncertain. In such a situation, we highlight some ETF strategies to ride out the trade volatility.
Gold ETFs, including the SPDR Gold Shares (NYSEArca: GLD), the iShares Gold Trust (NYSEARCA: IAU) and the SPDR Gold MiniShares (NYSEArca: GLDM), experienced robust demand during the third quarter as investors ...
In the third quarter, gold jewelry demand slumped. So did appetite for bullion bars and coins, but exchange traded funds, such as the SPDR Gold Shares (NYSE: GLD ) picked up the slack. What Happened In ...
A surge in speculation led to an increase in gold demand in the third quarter, according to a World Gold Council report released Tuesday.
The Fed cut rates and signaled a pause in the easing cycle. This may result in a market crash in the medium term. Investors thus see safety in these ETFs.
ISIS Leader Killed by US Forces, Forces That Supposedly Left Syria Two Weeks Ago United States forces have reportedly killed the leader of Islamic State in Syria, Abu Bakr al-Baghdadi. “Our sources from inside Syria have confirmed to the Iraqi intelligence team tasked with pursuing Baghdadi that he has been killed alongside his personal bodyguard […]The post Market Morning: ISIS Leader Iced, Bitcoin Goes Bananas, GM Strike Over, Microsoft Beats Amazon appeared first on Market Exclusive.
The capital markets are expecting a rate cut with algorithms like the CME FedWatch Tool calculating a 93% chance that the central bank will institute its third straight cut in 2019. How should gold traders ...
Markets caught another boost as investors continue to chew through big-time earnings reports. Let's look at a few top stock trades that caught our eye heading into next week. Top Stock Trades for Tomorrow No. 1: Tesla (TSLA)What a strong follow-through day in Tesla (NASDAQ:TSLA). Shares exploded higher, reclaiming the $300 level and 38.2% retracement. It set up for a raging red-to-green trade, one that we called out live on Twitter (NYSE:TWTR).InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow what?After two big days of gains, bulls are clearly back in control. However, staying in control is what matters here. See that TSLA shares maintain above Thursday's low near $290.Below could accelerate a move down to the 50% retracement near $278. A continued push higher could find resistance at the 23.6% retracement, which is up at $331.70. Over $300 should be viewed as bullish for the time being. Top Stock Trades for Tomorrow No. 2: Gilead (GILD)Gilead Sciences (NASDAQ:GILD) slipped slightly on the day after reporting earnings. While shares are holding up over resistance, the trend doesn't look great.Shares are being squeezed lower by downtrend resistance (blue line), while support near $60 continues to hold.Should it break, look to see if GILD stock takes out the 2017 and 2018 lows near $58.63. Falling below that level could open the door to even lower prices.On the upside, look for a move north of downtrend resistance. If it can get over that, the 50-week moving average could trigger a rally to the 200-week moving average. Above that and a rally into the $70's could be on the table. Top Stock Trades for Tomorrow No. 3: Gold (GLD)Gold has been in the spotlight over the past few months and ahead of the Federal Reserve meeting next week, it should be. On Thursday, the SPDR Gold ETF (NYSEARCA:GLD) technically broke out of its wedge pattern. On Friday, it gapped above the 50-day moving average but failed to hold its gains.Is there an opportunity for bulls?A move below $139 would signal that bulls were wrong about the trade. This approach puts a limited risk amount at play and allows traders to play for an upside move. Above $144 could put the $146.82 high in play.While gold may be out of favor for the moment thanks to the rally in equities, it may find demand with the Fed expected to cut interest rates again on Wednesday.That may pave the way to keeping the uptrend alive. Top Stock Trades for Tomorrow No. 4: Verizon (VZ)Verizon (NYSE:VZ) initially puked lower on Friday after reporting earnings. However, the telecom giant bounced off uptrend support and the 78.6% retracement.Now let's see if the stock can make new highs over $61.32. Below the 50-day moving average and traders may want to let VZ reset.Is the setup simple? Yep, and those are the best kind. There's no reason to overthink this one. Support held on Friday, which puts $61-plus on the table. Below the 50-day puts VZ below multiple support levels and proves that bulls are wrong, thus allowing them to stop out of the trade and look for better setups elsewhere.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cybersecurity Stocks to Keep Your Portfolio Safe * 7 Top-Notch REITs to Buy for Income * 5 Reasons Why I Still Believe in Hexo Stock The post 4 Top Stock Trades for Monday: TSLA, GILD, GLD, VZ appeared first on InvestorPlace.
Gold futures rose more than 14 percent year to date, and some investors believe that number will climb to 16 percent in 2020. State Street Global Advisors’ Head of Gold Strategist George-Milling Stanley, joins Yahoo Finance’s Adam Shapiro, Julie Hyman and Albion Financial Group Partner’s Jason Ware to discuss gold futures slight bump from declining bond yields.
Gold demand is surging as increased market volatility is sparking investor speculation. Yahoo Finance's Akiko Fujita and Dave Nadig, managing director of ETF.com discuss.