Despite a Trump slump, gold stocks remain an important component in your investment portfolio. These charts show you when and how to buy it.
Category: Barrick Gold
Why Gold Stocks, Not Gold, Belong in Your Portfolio
Comex gold has been slumping since Donald Trump was elected president on Nov. 9. Today, the weekly chart for gold is negative but oversold, but still has a solid gain since the end of 2015 and since bottoming on Dec. 3. Investments in gold equities have been more volatile , but have outperformed the precious metal since setting multiyear intraday lows between August 2015 and January 2016. The VanEck Vectors Gold Miners ETF , Barrick Gold , Yamana Gold , Goldcorp and Newmont Mining may be deep in bear market territory from their 2016 highs, but they are also in bull market territory since their lows and have outperformed since the end of 2015.
Is Goldcorp Inc. Really a Better Buy Than Barrick Gold Corporation?
Driving that swap is a view that there’s nothing left to excite investors at Barrick Gold because it has mostly completed its turnaround. Meanwhile, Goldcorp has the potential draw attention should it release a compelling plan at its investor day in January.