gold prices
October 2018 was a month that investors in risky assets would rather forget. Some of the top-performing ETFs over the preceding months lost considerable value in October. For example, the Horizons Marijuana Life Sciences Index ETF (HMMJ) dropped 30%, although it remains up 76% over a year earlier....
IAMGOLD $5.07 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 450.7 million; Market cap: $3.3 billion; No dividends paid) owns 41% of the Sadiola gold mine in Mali; 90% of the Essakane mine in Burkina Faso; 100% of the Westwood mine in Quebec; and 95% of the Rosebel mine in Suriname.
IAMGold also holds 92.5% of the Cote gold project in Ontario....
IAMGold also holds 92.5% of the Cote gold project in Ontario....
An improved U.S. economy and low unemployment led the U.S. Federal Reserve to raise interest rates three times in 2017 and twice so far this year. That dampens the risk of a falling U.S. dollar and much-stronger inflation. Typically, both of those factors are needed to significantly boost demand for gold.
Still, if you want exposure to gold, here are three low-fee ETFs.
SPDR GOLD SHARES ETF $111.21 (New York symbol GLD; TSINetwork ETF Rating: Aggressive; Market cap: $11.9 billion) invests in gold bullion, using gold bars in the vaults of HSBC, Bank of England, UBS AG and others....
Still, if you want exposure to gold, here are three low-fee ETFs.
SPDR GOLD SHARES ETF $111.21 (New York symbol GLD; TSINetwork ETF Rating: Aggressive; Market cap: $11.9 billion) invests in gold bullion, using gold bars in the vaults of HSBC, Bank of England, UBS AG and others....
When investor questions are raised about inflation, the conversation often turns toward the possibility of inflation and interest rates returning to the peaks of the 1970s and 1980s
ALAMOS GOLD $7.18 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681-2802; www.alamosgold.com; Shares outstanding: 266.3 million; Market cap: $2.8 billion; Dividend yield: 0.4%) owns the Mulatos and El Chanate mines in Mexico, and the Young-Davidson and Island mines in northern Ontario.
The company also has a number of development projects in Turkey, the U.S., Mexico and Canada....
The company also has a number of development projects in Turkey, the U.S., Mexico and Canada....
Detour Gold is banking on one productive Ontario mine with a life of 22 years. Output and revenue are both up, but progress will ultimately depend on the direction of gold prices.
On the whole, we recommend against including gold investing in your RRSP, but if you wish to do so, gold stocks are your best choice.
It’s important to recognize that investing aggressively, through penny stocks, concept stocks and other speculative ventures, can quickly lead to big losses.
What are mining stocks?
Mining stocks are investments in companies that produce or explore for minerals. Some of these minerals include uranium, coal, molybdenum (which is used in steelmaking), copper, silver and gold. They are affected by fluctuating commodity prices in addition to their own business and operating risks.
Mining stocks can be strong performers when commodity prices move up....
A: Detour Gold Corp., $10.47, symbol DGC on Toronto (Shares outstanding: 174.9 million; Market cap: $1.9 billion; www.detourgold.com), finished building its Detour Lake mine in northeastern Ontario in February 2013....