|Day's Range||12.01 - 12.01|
Silver stocks, which are primarily involved in mining, are driven by their use in a wide range of industrial processes, and also by the metal's traditional role, along with gold, as a safe haven asset. Silver stocks' performance also is driven by the yield on bank CDs or Treasury bonds. All the silver companies in this report are headquartered in Canada and the primary trading venue for their shares is the Toronto Stock Exchange, but they also trade on U.S. exchanges.
Gold is waking up into year-end. So are gold stocks. Today we'll share four ways to bank on the yellow metal's resurgence.With stocks booming in the fourth quarter, demand for precious metals has ebbed. The logic makes sense. When the risk-on switch flipped, the pull of equities and higher profit-giving assets outweighed that of metals. The potent combination of a trade war resolution and bullish seasonality provided all the excuse needed to jam stocks higher into year-end.But here's the curious thing: Gold and gold stocks are seeing massive inflows too. Shares of the world's top gold miners are breaching resistance are returning to uptrending status. We've scoured the industry and found four of the best stocks to buy if you think gold's new bull market has legs.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks to Beat the Market in 2020 Take a look. Barrick Gold (GOLD)Source: The thinkorswim® platform from TD Ameritrade Barrick Gold (NYSE:GOLD) shares rally ahead came just in time for Christmas. The jump completed a multi-month rounded bottom pattern and signaled its intermediate-term uptrend is back on track. GOLD stock is now perched above a rising 20-day, 50-day, and 200-day moving average.The next two upside targets are resistance zones at $19 and $20.Ever since its mid-November earnings report, volume patterns have weighed heavily in favor of bulls with accumulation days multiplying and distribution days all but disappearing.Implied volatility is low at the 13th percentile of its one-year range. This suggests long premium plays are a smart move.The Trade: Buy the February $18/$21 bull call spread for 90 cents. Newmont Mining (NEM)Source: The thinkorswim® platform from TD Ameritrade This week's breakout pushed Newmont Mining (NYSE:NEM) shares to a three-year high. Blasting above a resistance zone that has kept a lid on price advances for years is a big deal and underscores just how powerful the demand for gold stocks has become.NEM stock is rallying above a rising 20-day, 50-day, and 200-day moving average. The momentum increase during this week's advance suggests any weakness that crops up in the near-term is a buying opportunity.Newmont shares have become overbought in the short run, so it wouldn't surprise me if some consolidation is in order. Wait for a down day or two, then deploy bull trades. * 7 Top-Tier Dividend Stocks for 2020 The Trade: Buy the February $42/$45 after a pullback emerges. Franco-Nevada (FNV)Source: The thinkorswim® platform from TD Ameritrade While its predecessors are flirting with multi-month and multi-year highs, Franco-Nevada (NYSE:FNV) just broke out to an all-time high. The past four-month consolidation pattern took on the form of a cup-and-handle with resistance at the psychologically significant $100 level.Tuesday's rally finally eclipsed the pivotal zone, and this morning's jump signals follow-through. Unfortunately, the strength is fading fast at the time of this writing, so a re-test of $100 over the coming days could be in store. As long as we don't fall back below the 20-day moving average near $98.50, the breakout is still worth betting one.The lower implied volatility favors long calls or call spreads.The Trade: Buy the February $100/$105 bull call spread for around $2.50. Wheaton Precious Metals (WPM)Source: The thinkorswim® platform from TD Ameritrade Wheaton Precious Metals (NYSE:WPM) had one of the clearest breakout setups heading into this week. For months, $28.50 had been an area where rallies went to die. Until this week.Monday and Tuesday scored huge upside that finally felled resistance. This morning's strength is adding to the gains with a push toward the 52-week high of $30.90.The momentum surge is reflected by the 20-day moving average distancing itself from the 50-day. While some backing-and-filling could be in order following three outsized up days, weakness was born to be bought.Once again, implied volatility is depressed favoring long premium plays.The Trade: Buy the February $30/$32 bull call spread for around 72 cents.As of this writing, Tyler Craig didn't hold positions in any of the aforementioned securities. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 2019 Losers That Will Be 2020 Winners * 7 Safe Dividend Stocks for Investors to Buy Right Now * 5 Artificial Intelligence Stocks to Consider The post 4 Gold Stocks to Buy as the Yellow Metal Surges appeared first on InvestorPlace.
Franco-Nevada is the IBD Stock Of The Day as the royalty gold stock cleared a buy point Tuesday amid a rally in prices for the precious metal.
Randy V. Smallwood has been the CEO of Wheaton Precious Metals Corp. (TSE:WPM) since 2011. First, this article will...
Gold remains on sound footing, and over the next 12 to 24 months, I see its price advancing further on strong fundamentals. Mean reversion, in particular, is the theme I believe investors should be focused on in 2020 and beyond., asserts Frank Holmes, CEO of US Global Investors and editor of Frank Talk.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before last year's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the […]
Every investor in Wheaton Precious Metals Corp. (TSE:WPM) should be aware of the most powerful shareholder groups...
TSX: WPM NYSE: WPM VANCOUVER, British Columbia , Nov. 15, 2019 /PRNewswire/ -- Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce its results for the ...
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […]
TSX: WPM NYSE: WPM VANCOUVER, British Columbia , Oct. 11, 2019 /CNW/ - Wheaton Precious Metals™ Corp. will release its 2019 third quarter results on Thursday, November 14, 2019 , after market close. A ...
Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) and its wholly-owned subsidiary, Panoro Trading (Cayman) Ltd. (“Panoro” or the “Company”) are pleased to announce that they have received the ninth Early Deposit payment of US$750,000 as part of the Precious Metals Purchase Agreement (the “Cotabambas Early Deposit Agreement”) with Wheaton Precious Metals International Ltd. (“WPMI”), a wholly owned subsidiary of Wheaton Precious Metals Corp. (WPM.TO) (WPM.TO), in respect of the Cotabambas project located in Peru. The principal terms of the Cotabambas Early Deposit Agreement are as described in the Company’s press release on March 21, 2016, whereby WPMI will pay Panoro upfront cash payments totalling US$140 million for 25% of the payable gold production and 100% of the payable silver production from the Company’s Cotabambas Project in Peru.
VANCOUVER, Sept. 16, 2019 /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that it has joined the United Nations ("UN") Global Compact. Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 9,500 companies and 3,000 non-business signatories based in over 160 countries. As a participant, Wheaton has committed to voluntarily aligning its operations and strategy with the ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take actions that support broader UN goals, including the Sustainable Development Goals.
Ralph Aldis joined U.S. Global Investors in 2001; he is the portfolio manager for World Precious Minerals Fund (UNWPX) and the Gold and Precious Metals Fund (USERX) and a contributing editor to US Global's Investor Alert.
TSX: WPM NYSE: WPM VANCOUVER, British Columbia , Sept. 4, 2019 /PRNewswire/ -- Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that it will webcast ...