Gold Stocks

Trading gold stocks isn’t for everyone.

However, if you want to take advantage of the wild gold price swings, there is a way: gold mining stocks.

These companies generally follow the up-and-down swings of the gold spot price.

The difference is, both the rise and fall is bigger.

Think of gold mining stocks as a leveraged play on the gold price.

When the gold price moves higher, so do gold mining stocks.

You can see this extreme volatility in the chart below:

gold stocks

Here we have the gold spot price in US dollars (orange line), and two gold mining companies, Newcrest Mining Ltd [ASX:NCM] (blue line) and Silver Lake Resources Ltd [ASX:SLR] (red line).

Compared to the gold price, both Newcrest and Silver Lake Resources have drastic price swings. When the gold price rises even slightly, both stocks jump higher.

It’s a similar story when the gold price falls, however. Both NCM and SLR have large share price falls when gold dips in the short term.

Investing in gold mining stocks is one way to take advantage of volatile gold prices.

The Latest News On Gold Stocks

If you’re keen to learn more about how to profit from gold mining companies — including gold producers and explorers — then this section on gold stocks is a must-read.

Bellevue Gold’s Share Price Rocky With Quarterly Report

Bellevue Gold Limited [ASX:BGL], who has resumed explorations at the historic Western Australian Bellevue brownfield Gold Mine (which had languished for around 20 years prior), has this morning released their June 2019 Quarterly Report.Highlights include a lightning-fast delineation of a 1.8Moz gold discovery in just 18 months. The company was evidently excited to let investors know about the potential of this discovery, with the second bullet point of the report reading, ‘[The 1.8Moz discovery is] one of the fastest & highest-grade gold discoveries globally.’

Why Evolution Mining’s Share Price Has Been Rising over the Last Year

Today, Evolution Mining announced its preliminary 2019 financial year operating results, as well as next year’s guidance.Gold production between the June 2019 quarter, sat around 194,886 ounces, with an All-in Sustaining Cost (ASIC) of $915 per ounce.Additionally, the company says cash generation of $109.4 million has thrust Evolution to a net cash position of $35.2 million as of 30 June.

Newcrest Mining’s Share Price Rises to 52-week High

Today, the price of gold skyrocketed. Combine this with a weaker Aussie dollar and the attractiveness of Australian gold miners is looking more positive for investors.We saw that as the share price for Australia’s biggest gold company Newcrest Mining Ltd [ASX:NCM] hit a 52-week high of $32.06, up 0.80%.
Money Morning Australia