3 Gold Miners to Buy on the Dip as Inflationary Pressures Remain Strong
KL – Gold had a bad month due to the Fed’s hawkish pivot and improving economic data. However, inflation remains a threat especially with more fiscal stimulus a possibility. Taylor Dart identifies 3 gold miners to buy on the dip: Kirkland Lake Gold (KL), Gold Fields (GFI), and Iamgold (IAG).
Jul 2, 2021
Investors in the gold (GLD) trade just endured one of their worst months in years for the more volatile Gold Miners Index (GDX), with the ETF plunging by 13.8% in June, its worst performance since 2016. While this sharp correction in the ETF led to a loss of momentum for the bulls and has led to a few 52-week lows across the sector, it has also opened up a new buying opportunity for investors. This is because many mid-cap gold producers are now sporting double-digit free cash flow yields, and some are paying dividends as high as 2.0%. In the prev
Gold: Bulls Need To Hold Here - ETF Daily News
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WPM: 3 Gold Miners to Buy on the Dip Following the Fed Meeting
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3 Gold Miners To Buy On Dips
NEM – Gold miners have put together a nice rally in the second quarter following a few months of underperformance. Taylor Dart identifies 3 gold miners with more upside in the coming months: Gold Fields (GFI), New Gold (NGD), and Newmont Corporation (NEM).
Jun 2, 2021
We’ve seen a strong performance from the Gold Miners Index (GDX) since the beginning of Q1, with the ETF up more than 22% in Q2, easily outperforming the S&P-500 (SPY). This change in character is quite positive for the index as it’s now finally gaining ground on the S&P-500, and the best performance for the GDX comes when it’s not only trending higher above its 200-day moving average but when it’s also outperforming the S&P-500. Some investors might think that they’ve missed the move with the GDX up 25% off its lows, but while some names are fairly priced, several others are still trading at very reasonable valuati