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Most Popular Gold Stocks To Buy? 3 To Watch Right Now

Trending gold stocks are attracting attention, what’s the deal? Gold stocks saw…
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Trending gold stocks are attracting attention, what’s the deal?

Gold stocks saw a massive price gain in 2020, as we all know. When the pandemic was wreaking havoc on the economy in March, the metal fell short. Then, a month later, gold stocks had a massive surge. As a result, gold prices soared to fresh all-time highs in the market last year. So, what is the current state of gold-stock prices? As the world has begun to recover, gold stocks have taken a fall. At the same time, the market value of several gold stocks is expected to rise in 2021.

Many gold stocks have hit fresh all-time highs in the last year. Because the economy was in such bad shape, the focus switched to gold. In 2021, the economy is still in a terrible state. There are a few measures you can take to become more familiar with this sector if you are new to investing in it.

Checking gold prices on a daily basis will assist you in investing because you will be aware of market conditions. When looking for gold stocks to watch this year, looking at charts to try to see trends can be beneficial. Gold-related news, such as shortages, can also be highly valuable. However, sector-related factors are not the sole factor that influences gold prices. The direction in which gold stocks are moving is frequently influenced by world news. Of course, the pandemic, reopening, and vaccines are the most recent examples of this. With that in mind, let’s take a look at three gold stocks that are gaining traction this week.

Top Gold Stocks To Watch

  1. Barrick Gold Corporation (NYSE: GOLD)
  2. IAMGOLD Corporation (NYSE: IAG)
  3. Yamana Gold Inc. (NYSE: AUY)

Barrick Gold Corporation (NYSE: GOLD)

Barrick Gold Corporation is a gold and copper exploration, mining, development, production, and sales corporation. At the end of 2019, the firm owned and operated gold mines in 12 different countries, with 71 million ounces of proven and probable gold and copper reserves. Barrick Gold is currently one of the world’s largest active gold producers.

On October 18th, the company announced that it has set up a community development fund for its Veladero mine. The fund will be financed by 1.5% of the Veladero gold mine’s sales, estimated to be about $138 million. This will be for the duration of the mine which is currently expected to extend past 2030.

The CEO of the company, Mark Bristow said, “We’re working to extend Veladero’s life beyond its current horizon and a new 10-year production plan is already in place. Following the recent completion of the mine’s Phase 6 heap leach facility, construction of Phase 7 will start soon, with an investment in the range of $140 million.” On October 20th, GOLD stock is up 1.26% in the market. Will you be adding Barrick stock to your watchlist right now?

IAMGOLD Corporation (NYSE: IAG)

IAMGOLD Corporation is a gold stock that has been performing well in the market recently. The company has a higher volume than its market average at the moment. This firm seeks out, develops, and operates gold mining assets. The Americas and West Africa are home to these mining assets. It currently has stakes in the Rosebel, Essakane, and Westwood mines, among others.

The corporation released its preliminary operating results for the third quarter of 2021 on October 19th. During this time, all of the company’s mines produced excellent results. The company’s Essakane mine produced the same amount of ore as the previous quarter, with an average recovery of 83 percent at 3.3 million tons. During this time, the Rosebel mine also provided positive results.

Gordon Stothart, the President, and CEO of IAMGOLD said, “We achieved attributable production of 153,000 ounces during the third quarter and are pleased that our total attributable production is trending towards the upper end of the guidance range. Essakane continues to deliver strong results and Rosebel is performing in line with the updated plan. Production at Westwood was lower than plan, although underground mine productivity is improving while we continue to prioritize implementing safety measures as part of the business recovery plan.” Now IAG stock is up 2.87% in the market on October 19th. So will IAG be on your list of gold stocks to watch?

Yamana Gold Inc. (NYSE: AUY)

Yamana Gold Inc. is another gold stock that is trending upwards in the market at the moment. This is a corporation based in the Americas that produces precious metals. At its development stage properties, land positions, and exploratory sites, Yamana is aggressively looking for gold and silver.

Yamana’s most recent update was issued on October 4th. The company said that after the market closes on October 28th, 2021, it will release its third-quarter operating and financial results. A conference call and webcast will be held the following day at 9 a.m. EDT. Yamana Gold’s financial results might have a significant impact on the stock.

Yamana Gold is heavily influenced by gold and silver prices, and it frequently moves in the same direction as the materials. The market has seen a lot of good momentum in the recent month for AUY stock. Is AUY going to be on your gold stock watchlist as October progresses, based on this information?

Best Gold Stocks For Your List?

Fears of inflation are currently prevalent in the market. Right now, no one knows how this will affect the market for all mining stocks. The pandemic is still raging in many regions of the world, despite the fact that it has subsided in the United States. Another thing to think about is what might happen to gold stocks in the future, especially now that the Delta variant is spreading. Which companies will you add to your list of gold stocks to watch in October?

The post Most Popular Gold Stocks To Buy? 3 To Watch Right Now appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.










barrick gold corporation


iamgold corporation

Author: Jon Phillip

Economics

FTC Demands Wal-Mart, Amazon & Others Participate In Supply-Chain Probe

FTC Demands Wal-Mart, Amazon & Others Participate In Supply-Chain Probe

Shortly after President Biden sat down with top executives from…

FTC Demands Wal-Mart, Amazon & Others Participate In Supply-Chain Probe

Shortly after President Biden sat down with top executives from Wal-Mart, a handful of regional grocers and others to hold a “round table” to discuss “supply chain” issues, the FTC announced Monday afternoon that it would launch an investigation into the factors contributing to these types of disruptions, which have been blamed for contributing to inflation by helping to drive up prices.

Just as reports claimed the supply chain crunch appears to finally be waning, President Biden sicced the FTC on the issue. Once again, it’s bureaucracy to the rescue; and anybody who doesn’t go along with the Biden Administration’s preferred narrative (ie that this is part of a global phenomenon, and that the US isn’t unique) better hope the administration doesn’t accidentally make things worse.

At any rate, it’s bureaucracy to the rescue.

And we don’t say that because we think America’s ports need assistance (they clearly do). The problem is that the supply chain crunch goes far beyond the ships and the ports and the truckers. It’s what an economist might call a “complex”” issue.

While President Biden met with a senior Wal-Mart executive in person, and in front of the cameras, as part of Monday’s “supply chain round table” at the White House, Bloomberg says it is ordering large retailers, wholesalers and consumer good suppliers including Amazon and Walmart to provide the White House with “detailed information” that might aid in a newly launched inquiry into the ongoing supply chain disruptions that are contributing to President Biden’s inflation (or should we say, reflation?) fears.

In addition to Wal-Mart and Amazon, the investigation will target Kroger, Associated Wholesale Grocers, McLane, Procter & Gamble, Tyson Foods, Kraft Heinz and others who are expected to receive their orders from the FTC on Monday. Firms have 45 days to respond.

It’s believed the administration intended this is a message to companies everywhere: don’t raise your prices unless you absolutely need to, because the White House will be checking the receipts, waiting to bust anybody who can even be remotely construed engaging in price gouging.

According to BBG, information being sought by FTC includes primary factors disrupting their ability to obtain, transport and distribute products, impact of those disruptions on delayed or canceled orders, increased costs and prices, what firms are doing to curb disruptions.

The study will focus on determining whether supply chain problems have led to bottlenecks, anti-competitive practices or higher prices, the agency said in a statement.

FTC Chair Lina Khan said in a statement she was hopeful that the study would “shed light on market conditions and business practices that may have worsened these disruptions or led to asymmetric effects.”

The FTC is also asking firms to return the information it’s requesting as soon as possible. Firms will have 45 days from the date they receive the order to respond.

“Supply chain disruptions are upending the provision and delivery of a wide array of goods, ranging from computer chips and medicines to meat and lumber,” FTC Chair Lina Khan said in a statement announcing the investigation.

President Biden and his team clearly intended Monday’s “round table” with “supply chain” executives like the leaders of Wal-Mart, Food Lion and others as a distraction. Readers can watch the “round table”, held at the White House Monday afternoon, at their convenience.

But allow us to save you some time, because, at the end of the day, Biden doesn’t need their help.

But he may need them to pay higher taxes, on top of rising costs and expenses for their businesses, to help offset the costs of his social spending package which is expected to further stoke inflation.

Tyler Durden
Mon, 11/29/2021 – 18:00

Author: Tyler Durden

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Economics

4 Cyber Monday Stocks to Buy: ROKU, PYPL, TWLO, V 

As the markets continue to chop around all-time highs — leaving both bulls and bears believing they are “in the lead” — I wanted to veer from our…

As the markets continue to chop around all-time highs — leaving both bulls and bears believing they are “in the lead” — I wanted to veer from our typical top stock trades routine and look at some potential bargain-bin Cyber Monday stocks to buy. These may not be the typical quick-trade candidates, but longer term swings so long as they do not break down too much further from current levels. Let’s get started.

Cyber Monday Stocks to Buy No. 1: Roku (ROKU)


Click to Enlarge
Source: Chart courtesy of TrendSpider

Roku (NASDAQ:ROKU) is the first on our list, with shares down around 50% from the highs — more than any other stock on this list. Nonetheless, you will notice in the disclosure that I am long a majority of these stocks, and I believe in their long-term futures.

I am a trader first and an investor second, but when I see high-quality stocks — “quality” being the key word — on a 40% to 50% discount, I like to begin accumulating them for long-term holds.

I discussed this strategy once in a lengthy YouTube video.

In any regard, we’re in that stage with many of these growth companies. Here is a weekly chart of Roku, which is trying to find its footing in the low-$230s.

Surprisingly, Roku finished higher last week, giving us the potential for a weekly-up rotation over $238.27.

In the short-term that could put the $250 level in play, followed by the gap-fill level and the 21-month moving average near $270. Above that, and the $290 to $300 zone is on the table.

A sustained move below the $223 low, and we could see $200 next. However, after such a beating, the risk/reward is shifting toward the bulls’ favor.

Cyber Monday Stocks to Buy No. 2: PayPal (PYPL)

Cyber Monday stocks to buy PYPL
Click to Enlarge
Source: Chart courtesy of TrendSpider

PayPal (NASDAQ:PYPL) is not down as much as Roku, but it’s still about 40% off the highs. Shares are trying to hammer out a bottom down here, but it’s not clear if that will be the case.

Now, check out Monday’s action. Shares undercut the prior week’s low near $184, then reversed higher. It did so with some bullish divergence on the charts, too.

From here, let’s see if PayPal can clear $293.90, putting $200-plus back in play.

What we don’t want to see is a break below this week’s low and sustained move lower. That could put $175 back on the table.

Cyber Monday Stocks to Buy No. 3: Twilio (TWLO)

Cyber Monday stocks to buy TWLO
Click to Enlarge
Source: Chart courtesy of TrendSpider

Twilio (NYSE:TWLO) has some life, putting in its third-straight daily gain. Shares are up more than 10% from last week’s low, and are going weekly-up over last week’s high.

That’s a great start, but we need more.

Back over $300 would do a lot of good for bulls this week. That puts Twilio back above the 10-day and 21-day moving averages, as well as the 21-month moving average.

If we get that, then Twilio could see an additional push to the 10-month and 50-day moving averages, followed later by the 200-day moving average.

On the downside, however, a break of $275 and the November low really deals this one a tough blow and will likely stop out a lot of longs.

Cyber Monday Stocks No. 4: Visa (V)

top stock trades for V
Click to Enlarge
Source: Chart courtesy of TrendSpider

Last but not least is a high-quality company, but one that’s been caught in a landslide lately: Visa (NYSE:V).

Shares are trying to hammer out a bottom in the $190 to $200 range, but so far, it’s struggling to gain upside traction.

If it can regain $200, I think we need to start talking about the $205 to $208 area, where Visa faces plenty of prior moving averages of various timeframes. The monthly VWAP measure is also there.

Above $208 puts $211.66 in play, the gap-fill from earlier this month. Those are the “immediate upside levels” if bulls gain some traction.

On the downside, though, a break and close below $192 could put $180 in play.

On the date of publication, Bret Kenwell held a long position in ROKU, TWLO, PYPL. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.

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The post 4 Cyber Monday Stocks to Buy: ROKU, PYPL, TWLO, V  appeared first on InvestorPlace.


Author: Bret Kenwell

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Economics

NU Virus Raises Red Flag For Reflation Stocks 

What a difference a day makes. Black Friday turned into Red Friday after the pandemic took a new turn for the worse. Is it déjà vu all over again? Do…

What a difference a day makes. Black Friday turned into Red Friday after the pandemic took a new turn for the worse.

Is it déjà vu all over again? Do we have control over COVID-19, or does the coronavirus have control over us? 

The narrative for the pandemic finally coming to an end just went south, and with it, short-term investor sentiment. The market doesn’t trade well against heightened levels of uncertainty, including all the protocols, mandates, restrictions and new forms of vaccines coming at a time when investors were increasing equity exposure into what was shaping up to be a very bullish close to 2021. 

Source: Bloomberg.com, Nov. 28, 2021

The only person who I suspect had a clue about this story breaking and the ugly market reaction was Microsoft (Nasdaq:MSFT) CEO Satya Nadella, who sold 839,000 shares of stock Nov. 22-23 for proceeds of roughly $285 million, representing nearly half his current holdings. His previous sales have typically been averaging 42,000 shares per quarter. Why the monster trade? I think inquiring minds would like to know. It deserves a response.

World governments are taking swift action against the newly discovered Omicron COVID-19 strain that is already popping up in other countries outside South Africa, where it first emerged. Dr. Fauci believes it inevitably will be in the United States, and may already be present, just not yet reported. Looking at Bloomberg headlines over the weekend:

WHO Warns of ‘No Information’ on Severity of Omicron

Airlines Scramble as Restrictions Return 

NYC May Be at Start of Winter Surge

Swiss Vote to Keep Covid Health Pass

Botswana Identifies More Cases

Fauci Stresses Need for Vaccination

Germany Has More Suspected Omicron Cases

Dutch Cluster Suggests Omicron Foothold in Europe

Moderna Vaccine for Omicron May be Ready in 2022

Merck Covid Pill Set for Authorization Despite Concerns, MS Says

Given the World Health Organization (WHO) taking its usual wait and see approach, claiming it doesn’t have enough information to come to any near-term conclusions or action plan, it suggests to me that the market will remain in flux until much more is known about the new variant. The only thing the WHO has made its mind up on is what name to call it — NU, for new virus. How about WU — for Wuhan?

So, now the market has to contend with inflationary pressures and what is likely to be an array of anti-COVID measures that could stifle growth heading into 2022. This being a growing likelihood scenario, it stands to reason that capital flows targeting income generation will increase into short-term corporate bonds and into equities of companies in stay-at-home, telecom, consumer staples, utilities, health care and real estate. 

Sources of funds, at least over the very short term, will be energy, financials, consumer discretionary, industrials, materials, metals and mining. Once the smoke clears from the initial wave of selling, technology stocks should recoup most of their losses, as that sector led the market to new highs every time there was a COVID-flareup-related sell-off, and there is little evidence to suggest this will be different going forward.

A couple observations should be noted that will continue to characterize the market landscape. The first is that the strong dollar will likely get stronger as investors seek safety in dollar-denominated assets. The greenback was hit by sellers on Friday as knee-jerk logic kicked in and the Fed’s plan to taper would now be put on hold. The dollar index (DXY) was clearly overbought, but will probably find strong support at the $94.00 level, roughly 2% below where it closed Friday.

A strong dollar is a negative force for multinational corporations that conduct more than 50% of sales outside the United States. Hence, fourth-quarter profits are likely to reflect the impact of foreign exchange (forex) headwinds and pinch S&P 500 earnings growth forecasts for Q4 2021 and Q1 2022. On the plus side, oil prices tumbled last week, with WTI crude ending Friday’s session down 13.06% to $68.15/bbl. Natural gas was unaffected, closing up 7.1% to $5.48/MBtu as shortages in Europe heading into winter are providing a strong bid.

Here, too, investors seeking inflation-hedged income should look at some of the natural gas producers and pipeline operators that are pure plays on natural gas, as this is where strong fundamentals exist for U.S. energy companies with domestic operations serving domestic markets that won’t have their profits impacted by a strong dollar. What was the growingly attractive global reflation trade is now rapidly reverting to the hunker down local and regional economy trade, at least until the U.S. Centers for Disease Control and Prevention (CDC) gives the “all clear” sign. That signal, sadly, is probably several weeks or a few months off.

The post NU Virus Raises Red Flag For Reflation Stocks  appeared first on Stock Investor.







Author: Bryan Perry

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