Connect with us

Articles

Top Gold Stocks To Buy Or Sell This Week

Will These Gold Stocks Move Higher In The Market? In 2021, many…
The post Top Gold Stocks To Buy Or Sell This Week appeared first on Gold Stocks to Buy,…

Share this article:

Published

on

This article was originally published by GoldStocks

Will These Gold Stocks Move Higher In The Market?

In 2021, many gold stocks have been able to perform well in the market. Early last month the metal nearly pushed past $1,900 per ounce. So why has it been able to go up so much? When the pandemic struck, the price of gold took off. Now in 2021 gold prices are performing well amid economic recovery. The United States is removing COVID-19 restrictions fast and retail and industrial use for gold is rising.

It is important to conduct the best research possible if you are investing in gold stocks. Some look at gold stocks and think that you can simply invest based on recent news. While recent news does play a factor into investing, there are many other factors as well. These include looking at the volume of a gold stock, as well as other news pieces that may affect the price like jobless reports.

Gold prices have remained around the same price for the last week. During times like this, it is important to look at company specific news for gold corporations. This is what affects gold stocks the most during times where the price of the metal itself is stagnant. Gold prices are stable at around $1,880 per ounce at the moment. This is still a very high number for the metal, but not close to the more than $2,000 per ounce it saw last year. Gold not fluctuating up or down too much every day shows that it is still going strong in the market right now. Now let’s take a look at some gold stocks that could see some momentum in the market soon.

Top Gold Stocks To Buy Or Sell

  1. Barrick Gold Corporation (NYSE: GOLD)
  2. Eldorado Gold Corporation (NYSE: EGO)
  3. SSR Mining Inc. (NASDAQ: SSRM)

Barrick Gold Corporation (NYSE: GOLD)

Barrick Gold Corporation is a gold stock that explores, mine develops, produces, and sells gold and copper properties. The company actively operated gold mines in 12 different countries, and had 71 million ounces of proven and probable gold and copper reserves at the end of 2019. To date, Barrick Gold is one of the largest active gold producers in the entire world.

On June 10th the company confirmed its per share distribution amount for the first $250 million return of capital tranche. The Senior Executive VP Graham Shuttleworth said, “Our overall return to shareholders for 2021 is one of the highest in the industry and marks another milestone in our journey towards our objective of building the world’s most valued gold company. Our strong balance sheet and cash flows, and our 10-year production outlook anchored by our Tier One2 gold assets, position us well to continue creating and delivering value to our investors and our other stakeholders.”

Read More

GOLD stock has not been moving too much recently just like the price of gold itself. This is due to no major recent updates from the company and stagnant gold prices right now. But this could change any day now. So will GOLD make your list of gold stocks to watch?

Eldorado Gold Corporation (NYSE: EGO)

Eldorado Gold Corporation is a mining stock that will explore, discover, acquire, develop, produce, sell, and reclaim all types of mineral products. The company finances as well. Eldorado primarily focuses on gold, silver, lead, zinc, and iron ores. It currently operates 5 mines: Kisladag and Efemcukuru in Turkety, Lamque in Canada, Olympias and Stratoni in Greece.

In the company’s most recent financial results report, its production was in line with its annual guidance. Its EBITDA rose year over year during this first quarter period too. The company’s President and CEO George Burns said, “This result was accomplished in spite of a resurgence of COVID-19 in the countries in which we operate and is a testament to the commitment and care of our teams around the world. Our focus ahead is on maintaining this positive momentum by delivering on key initiatives in a transformational year for Eldorado.”

Now the company is laser focused on its future and developments. EGO stock has increased by about $0.50 in the last week, so will it make your list of gold stocks to watch?

SSR Mining Inc. (NASDAQ: SSRM)

SSR Mining is a gold stock that acquires land, explores it, develops it, and operates metal resource properties as well. Primarily, SSR will search for gold and silver deposits. Some of its projects include the Marigold mine that is located in Humboldt, Nevada, the Seabee Gold Operation in Canada, and the Puna Operations in Argentina.

On June 8th SSR announced that it has amended its existing undrawn revolving credit facility favorably. It increased the facility size from $75 million to $200 million. This company recently delivered positive financial results in May as well. Rod Antal, President and CEO of SSR said, “The first quarter of 2021 represented another strong operational and financial quarter for SSR Mining as we delivered production of 196,094 gold equivalent ounces at an AISC of $1,004 per ounce and generated $77 million of free cash flow.”

SSRM stock price has gone from under $17 per share to over $18 per share as of June 10th. This is all of the latest that has come from this company. Will SSRM make your gold stock watchlist in June?

Gold Stocks In The Market

It can sometimes feel like there is downtime when investing in gold stocks. This is because when gold prices are not moving too much, gold stocks will not move very much either. For some this is seen as a great opportunity to buy gold stocks before they potentially rise, as a mid-term to long term investment. Which gold stocks will make your watchlist this year?

The post Top Gold Stocks To Buy Or Sell This Week appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

Articles

Top Stories This Week: Gold Reacts to Fed, Rick Rule’s Uranium Stock Advice

Catch up and get informed with this week’s content highlights from Charlotte McLeod, our editorial director.
The post Top Stories This Week: Gold Reacts…

Share this article:

All eyes were on the US Federal Open Market Committee this week, which shed some light on policy after its two day meeting, held from Tuesday (July 27) to Wednesday (July 28).

“Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.

The path of the economy continues to depend on the course of the virus. Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain” — US Federal Reserve

 

Are You Investing In Gold Yet?

   
What Happened To Gold In Q1? Which Gold Stocks To Watch In 2021?
Exclusive Information You Need To Make An Informed Decision.
 

The Fed indicated that it will leave interest rates unchanged, and will also continue its bond-buying program, although the central bank has now suggested it will start thinking about how to taper.

The reaction from gold was positive, with the yellow metal taking off after the meeting — it spent time above the US$1,830 per ounce mark on Thursday (July 29), although it was back down around US$1,813 at the time of this writing on Friday (July 30) afternoon.

Aside from that, I had the chance to speak this week with veteran investor and speculator Rick Rule. He of course shared his thoughts on gold, but perhaps more importantly gave an update on uranium.

I hadn’t spoken with Rick about uranium since the beginning of 2020, when he told investors not to enter the market unless they could be patient. And patience has indeed been needed in the uranium sector — when asked what’s holding the market back, Rick pointed to Japanese restarts, the same factor he identified in our conversation a year and a half ago. In his opinion, “Everything else is in place.”

Rick remains bullish on uranium for a number of reasons, including the launch of the Sprott Physical Uranium Trust (TSX:U.UN), which he believes will help deal with excess supply. However, he did caution that the juniors have gotten ahead of themselves and are no longer the bargain they once were.

“I think the juniors are substantially ahead of themselves. This doesn’t mean that they don’t have upside when the price of uranium crests through US$50 or US$60 (per pound), which I suspect it will. I’m just suggesting that among the juniors there’s downside as well as upside now” — Rick Rule, investor and speculator

For that reason, he suggested looking at producers, saying his favorites are Kazatomprom (LSE:KAP), China General Nuclear (SZSE:003816) and Cameco (TSX:CCO,NYSE:CCJ).

 

What's On The Horizon For Precious Metals In 2021?

   
Trends, Forecasts, Expert Interviews and more! All The Answers You Need To Make An Informed Decision.
 

The link to the full interview is here, and you won’t want to miss it if you’re interested in Rick’s latest thoughts on gold, uranium and the overall resource sector.

With uranium in mind, we asked our Twitter followers this week if they think uranium juniors or producers provide the most opportunity right now. Respondents were somewhat divided, but by the time the poll closed most of them had given their vote to the juniors.

We’ll be asking another question on Twitter next week, so make sure to follow us @INN_Resource or follow me @Charlotte_McL to share your thoughts.

Finally, in the psychedelics space INN’s Bryan Mc Govern heard from James Halifax of the Psychedelic Investor. James shared his takeaways from the first half of 2021, admitting that there’s been volatility and saying that clinical trial results will be important to watch for.

“If (the trials) come back negative, basically all these companies are going to $0. The entire valuation on them right now is based on the idea these (trials) will be successful” — James Halifax, the Psychedelic Investor

Most psychedelics companies are following in the footsteps of the pharmaceutical industry, where clinical trials are key to advancement. James noted that company valuations are quite high right now due to positive expectations, but so far it’s too soon to tell whether these levels are merited.

Want more YouTube content? Check out our YouTube playlist At Home With INN, which features interviews with experts in the resource space. If there’s someone you’d like to see us interview, please send an email to cmcleod@investingnews.com.

And don’t forget to follow us @INN_Resource for real-time updates! 

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

 

Silver Price Forecast - What Happened And Where Do We Go From Here?

   
Our Jam-Packed FREE Silver Report Highlights Key Insights, Exclusive Interviews And Promising Stock Picks!
   

The post Top Stories This Week: Gold Reacts to Fed, Rick Rule’s Uranium Stock Advice appeared first on Investing News Network.

Continue Reading

Articles

Hot Mining Micro Cap Stocks to Watch in August – 3 Names to Know

Mining Micro Cap Stocks Are Popular Right Now, Here’s 3 to Watch

Share this article:

3 Mining Penny Stocks For Your August Watchlist 

Mining penny stocks have remained some of the hottest stocks for investors to choose from in the last year. Because of the positivity around mining penny stocks, many investors are constantly searching for the best ones to buy. If you’re wondering why the mining industry is attracting so much attention, there are a few reasons to consider. 

For one, many investors turn to mining stocks during times of economic turmoil. These stocks can be a great way to hedge bets against the market as they are often more stable than others. In particular, this relates highly to gold stocks, as gold is considered a safeguard asset. And while there are hundreds of mining penny stocks to choose from, only a handful are truly worth buying. 

[Read More] NFT Penny Stocks to Buy? 3 You Need to Know About in 2021

To understand which, investors need to take a deep dive into the company’s financials and its production results. In addition, it’s worth noting that certain mining stocks can be highly speculative. But, if you’re investing in penny stocks, you likely are a fan of speculation. So, with all of this in mind, let’s take a look at three mining penny stocks to watch in August.

3 Mining Penny Stocks to Watch Right Now 

  1. McEwen Mining Inc. (NYSE: MUX
  2. IAMGOLD Corp. (NYSE: IAG
  3. New Gold Inc. (NYSE: NGD

McEwen Mining Inc. (NYSE: MUX)

McEwen Mining Inc. is a penny stock that explores for, develops, produces, and sells a variety of mineral resources. Primarily McEwen searches for gold, silver, and copper. It owns 100% interest in the El Gallo project, Fenix project, Black Fox mine, and more. It operates properties in the United States, Canada, Argentina, and more.

Because of its wide breadth of land and mining potential, many believe that MUX could have solid forward momentum heading into the future. However, it’s worth noting that investors should follow the overall trajectory of the mining industry to see where MUX stock could be headed.  

[Read More] Best Penny Stocks to Watch As July Ends? 3 For Your List

In mid-July, McEwen released its second-quarter production results for the year. The company’s gold equivalent ounces totaled more than last quarter and more than the same period in 2020. This was positive news for the company and its shareholders and resulted in a spike in value. It’s worth noting that on July 29th, MUX stock shot up by around 5.5% in the market.

Mining stocks often move with the price of metals or materials themselves. However, usually, the moves they make are much smaller than this. Generally, if gold or silver goes up or down in price, it can benefit MUX stock. Keeping this in mind, is MUX stock a contender for your watchlist?

Penny_Stocks_to_Watch_McEwen_Mining_Inc._(MUX_Stock_Chart)

IAMGOLD Corporation (NYSE: IAG)

IAMGOLD Corporation is another mining penny stock that is showing plenty of bullish momentum right now. Similar to MUX, IAG explores, operates, and develops various mineral properties. These properties are located in the Americas and West Africa. Currently, IAMGOLD operates the Westwood mine and the Essakane mine. Both of these present investors with a diverse and potentially profitable gold mining landscape.

On July 22nd, IAMGOLD released its preliminary operating results for the second quarter of the year. In the results, the company brought in an average realized gold price of around $1,745 per ounce. And while production is lower than the previous quarter, this should not be concerning as the amount of gold mined follows the demand for gold itself.

Since the release of these results, IAG stock has gone up in the market. Just 5 days ago, IAG stock was at $2.49 per share on average. Now on July 29th, IAG stock has reached $2.74 per share on average. This significant growth can be attributed to both its operating results and the rising price of gold. So keeping this information in mind, is IAG going to make your penny stocks watchlist?

Penny_Stocks_to_Watch_IAMGOLD_Corporation_(IAG_Stock_Chart)

New Gold Inc. (NYSE: NGD)

New Gold Inc. is a gold mining stock that has shot up by around 5% in the past several days. This is a clear example of the bullishness on the gold industry right now. For some added context, New Gold Inc. is currently developing a large variety of mineral properties. The company searches for gold, silver, and copper deposits at its range of mining operations.

New Gold actively operates 4 different mines that are located in Canada and Mexico. While many gold-focused companies only mine gold, investors like to see diversity. Because NGD mines silver and copper as well, some investors see it as a more diversified play. On July 15th, New Gold reported its second-quarter operational results.

“Our operations continued to advance their primary objectives during the quarter. Rainy River had another solid operational quarter and is positioned to have a stronger second half of production. As we start the third quarter, the mine has now successfully transitioned from focusing on stripping, and we are now seeing a marked improvement in grades through the first half of July.”

President and CEO of NGD, Renaud Adams

This is important for investors to consider as higher production means more potential for profits in the coming future. But, as stated before, investors should stay up to date with the demand for gold and not just on the amount that NGD is producing.

[Read More] This Biotech Stock was Once a Penny Stock but is Now Making Big Moves on the Nasdaq!

In this report, New Gold’s gold equivalent production, gold production, and copper production all grew year over year. Now, investors know the latest from New Gold and how it is performing recently. NGD is another mining penny stock that will often move with the price of gold itself. But, investors should also keep in mind that NGD can be quite speculative due to its low share price and high volume. Keeping all of this in mind, will NGD stock make your list of penny stocks to watch next month?

Penny_Stocks_to_Watch_New_Gold_Inc._(NGD_Stock_Chart)

Mining Penny Stocks Remain Top Choices For Investors 

With so many mining penny stocks to choose from, finding the best ones for your watchlist can be challenging. However, if we consider the differences between the wide range of penny stocks out there such as finances and mining production amounts, it can be easy to see which ones are best. Considering all of this, it’s no wonder that mining penny stocks remain top choices for investors. 

The post Hot Mining Penny Stocks to Watch in August? 3 Names to Know appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Continue Reading

Articles

Europe’s Expensive Climate Club And Its Detractors

Europe’s Expensive Climate Club And Its Detractors

Authored by Tilak Doshi via Forbes.com,

The EU published a whole raft of additional climate…

Share this article:

Europe's Expensive Climate Club And Its Detractors

Authored by Tilak Doshi via Forbes.com,

The EU published a whole raft of additional climate policies on July 14th with its long-awaited “Fit for 55” package to make Europe carbon neutral by 2050. It included its most contentious plank – the carbon border adjustment mechanism (CBAM).  On July 19th, US Democrat legislators introduced a similar bill to tax imported goods for their carbon content sourced from countries that lack strict environmental policies. Details on the US proposal are scant, with one leading newspaper article stating that the US would “require companies that want to sell steel, iron, and other goods to the United States to pay a price for every ton of carbon dioxide that is emitted during their manufacturing processes. If countries can’t or won’t do that, the United States could impose its own price.”

It would seem that the Nordhaus climate club has become the policy vehicle of choice for advocates of the “climate emergency” on both sides of the Atlantic.

Why The Climate Club

On the face of it, the climate club’s logic is straightforward enough. It is to replace the earlier flawed architectures of the Kyoto Protocol (1997) and the Paris Agreement (2015) which were voluntary international agreements to reduce carbon emissions. To mitigate the problem of ‘free riders’ that inevitably emerge with such agreements, the climate club would establish  an incentive structure that penalized nations that did not play by the rules.

The EU and the US want to impose trade tariffs to bring the cost of carbon-dioxide emissions caused by the manufacture of an imported good into alignment with what a domestic producer would pay to produce the same good. European and American companies are less competitive because they have to pay for their emissions while foreign companies that export to them don’t. Thus rules to reduce emissions will encourage companies in the West to “offshore” their production to developing countries which have less onerous restrictions on emissions, a process known as “carbon leakage”. Brussels and Washington, it is claimed, merely intend to “level the playing field”. Of course the question arises, whose playing field?

The European Commission will initially apply the CBAM to imports from energy intensive sectors including iron and steel, aluminium, cement, fertilisers and electricity, coming into force from January 2026. An analysis by a bank found that Russia, Turkey, Ukraine, India and China will be amongst the most impacted by the CBAM. The complexity of the Brussels-concocted plan ensures that exporters to the EU will have their work cut out for them. Exporting firms will have to document detailed carbon audits on their emissions which would include calculating the percentage of emissions that are already covered by carbon taxes elsewhere (domestic and for imports which go into manufacturing the exports). If these complex and expensive analyses are beyond the compliance capabilities of firms, especially for small and medium-sized businesses, the EC will unilaterally establish carbon tariffs on the basis of the dirtiest 10% of European producers of the same good.

The Climate Club’s Detractors

On July 26th, China opened its first defensive salvo against the EU’s plan to impose the world's first carbon border tax, stating that it intruded climate issues into international trading norms, broke WTO rules and undermined prospects for economic growth. Earlier in April when it became apparent that both the EU and the US Biden administration were considering extra-territorial and unilateral policies to enforce upon the world their own predilections to “fight climate change”, India also adopted a position similar to China’s. It issued a joint statement with the BASIC bloc — Brazil, South Africa, India and China — calling CBAM “discriminatory“ and expressing its “ grave concern”.

Detractors of the climate club – a club which threatens to be both exclusive and punitive for non-members — point out that carbon border taxes are contrary to the UN climate body’s Article 4. This refers to “Common but Differentiated Responsibilities and Respective Capabilities”, an established feature of climate change negotiations since the UN’s first Rio Earth Summit in 1992.

Last week, at the G20 on climate change and energy, India cited this long-standing equitable principle in countering the “net zero by 2050” target backed by the EU, US, the UN climate body and other rich country-dominated multilateral agencies such as the IEA, the World Bank and the IMF. India’s environment minister Bhupender Yadav said that “…given the legitimate need of developing countries to grow, we urge G20 countries to commit to bring down per capita emissions to global average by 2030”.

While the global average is 6.5 tons per capita of CO2-equivalent, India emits just below 2 tons while the US emits 17.6 tons and Germany 10.4 tons. India asserted that as the rich countries have already “consumed” most of the available “carbon space” in the atmospheric sink since the Industrial Revolution, the “net zero by 2050” target is inadequate.  

The detractors are not limited to developing countries. Australia’s Prime Minister Scott Morrison called the proposed carbon tariff plan “trade protection by another name”. Russia, like China, sees the CBAM as running foul of WTO rules and had already made clear its views a year ago when the EU was mooting its Green Deal plans which included carbon tariffs.

Problems With The Climate Club

Apart from the UN climate body’s Article 4, there are areas in which the proposed carbon tariffs may conflict with WTO trading rules. They may be found to contravene the WTO’s rule of non‐discrimination, a mainstay of international trading norms which requires that any advantage granted to the imported products of one WTO member must be accorded immediately and unconditionally to like products originating from all other WTO members. Carbon tariffs could also be inconsistent with the WTO’s ‘ national treatment rule’, another foundation stone of modern international trade under the WTO regime which requires that imported products be given “no less favourable” treatment than that given to like domestic products. If European producers continue to receive free emissions allowances (as they do now under the EU’s Emission Trading System), then the EU will be found in violation of the “national treatment” rule.

It would seem that the putative rich-country climate club members are headed for an impasse with the rest of the world in the rules of international trade that have broadly prevailed since the Second World War. On the one hand, we have somewhat less that 20% of the world’s population represented by policy elites that are convinced that the “science is settled” and a “climate crisis” is upon us. On the other, we have the vast majority of the world’s population – over 6 billion — newly emerged from wretched poverty in recent decades or desperately trying to. For those beginning to enjoy — or at least having a fighting chance to taste — the fruits of economic growth and technological progress across Asia, Africa and Latin America, their worries are less to do with concerns of the carbon footprint of economic growth as much as ensuring that economic growth will re-emerge after the devastation brought on by the Covid pandemic lockdowns.

Democracy Prevails

But there is a final twist. The Western policy elites, convinced by climate models that purportedly predict dire climate conditions decades into the future, seem to be facing the constraints of democracy in their own backyards. After Switzerland dropped its negotiations with the EU, the country rejected a climate-protection law in a referendum last month. The referendum rejected all three parts of the law in separate votes: on CO2, on pesticides, and on drinking water. Two days ago, UK’s Prime Minister Boris Johnson, facing an increasing backlash from constituents over soaring heating costs with his plans to ban gas boilers in British homes in favour of expensive new-fangled heat pumps, delayed his government’s plans by 5 years to 2040.

For Europe, the greatest lesson of mass politics against climate change polices supported by metropolitan elites was the gilet jaune protests that was triggered by fuel taxes. As one acute observer put it, “The French love a good riot, but the political backlash to the French government’s plans to increase carbon taxes on fuel could be a harbinger of what’s to come in countries committed to the global warming crusade”. 

It is no surprise then that a senior economist at Deutsche Bank, one of Europe’s largest banks, warned that for the EU’s Green Deal to succeed, “a certain degree of eco-dictatorship will be necessary”.

The climate club’s detractors have the tide of history on their side.

Tyler Durden Sat, 07/31/2021 - 08:10
Continue Reading

Trending