Top Gold Stocks To Buy Or Avoid After Key Updates

Gold has long been a safe haven for investors looking to hedge their bets against market risk. Thanks to things like the U.S. and China trade war, investors have sought out safe havens for the last year. We saw record trading levels for gold stocks that we hadn’t seen in over 8 years at times. Now it could be “watch and wait time” for gold’s next move. In recent weeks, prices have been pushing toward levels above $1,550 an ounce. The key level of $1,523 as resistance was broken through, earlier this month. However, since prices dipped from highs of $1,613.30, it’s been an interesting market to watch, to say the least. The head-fake from the attacks on Iran and then counter-attack by Iran was thought to have become an even bigger catalyst for stocks. But tensions eased shortly after and now it’s all but just a distant memory. [NEW TO GOLD STOCKS? FREE WEBINAR] 5 Bullish Cases For Gold Stocks & How To Stay Ahead Of The Trend In 2020 Regardless, there are plenty of more reasons that gold stocks have remained bullish in the wake of seemingly bullish trends in things like the SPY. That has much to do with bigger items like Fed rates, a global economic slowdown, and, of course, the ongoing trade ware between the U.S. and China. Given this case, it’s likely that gold stocks and other mining stocks will be on plenty of watch lists for the time being. Gold Stocks To Buy [or Avoid]: Azimut Exploration Inc. One of the biggest assets to a mining company, especially when it comes to junior gold stocks, is operations. At the very least, a company should be working a property or properties that have viable things conducive to gold discovery. This includes good mineralization, prime access, and a history of findings. Azimut Exploration Inc. ( AZM – Free Report ) took off running this week after reporting big news. The company reported the discovery of substantial gold mineralization in multiple drill hole intersections. According to the company, “significant additional drilling will be required to define the true width and extent of this discovery.” However, this was good news for the company and investors agreed as shares jumped to highs of C$1.54 on January 14. Read More Gold Stocks to Watch As Analysts Become Bullish on Mining Mining Stocks Gain As Markets Weather Volatility Azimut hasn’t traded this high since 2012 and rightfully so. The company’s management actually considers these findings some of the most significant gold exploration results in the region since the 2004 discovery of “the Eleonore deposit” by Virginia Gold Mines. Gold Stocks To Buy [or Avoid]: Wesdome Gold Mines Ltd. Next, Wesdome Gold Mines ( WDO – Free Report ) has been on fire since late October. At the time shares traded around C$5.80. Since then, the gold stock has nearly doubled after reaching highs of C$10.47 this year. In fact, overall, the last 6 years has seen WDO stock soar more than 660%. Last month the company reported additional results from an ongoing underground definition and exploration drilling program. It was at its 100% owned Kiena Mine Complex in Quebec, Canada. Results were more than favorable according to the company and it could mean bigger things during the year according to management. Mr. Duncan Middlemiss, President and CEO commented, “We are extremely pleased with the recent drilling results that continue to illustrate the high grade nature and continuity of the A Zone, especially as we assess the potential restart of the operation with the ongoing PEA study that is expected to be completed in H1 2020.” Gold Stocks To Buy [or Avoid]: GT Gold Corp. With primary exploration in the “world-renowned” Golden Triangle of British Columbia, Canada, GT Gold Corp ( GTT – Free Report ) has caught a nice gust of bullish trading this week. Over the last few weeks, GT has managed to climb from C$0.66 in late October to highs of C$1.12 this week. Furthermore, GTT stock saw one of its highest share volume days in 6 months, this week. The interesting part is that there haven’t been much by way of updates from the company this month. As of its last update in December, GT reported drill results of its exploration program in northwest British Columbia. Results were very favorable according to the company. Specifically, the general trends of the holes drilled demonstrated “continuity and consistency of Cu-Au mineralization.” [FREE GOLD WEBINAR] 5 Bullish Cases For Gold Stocks & How To Stay Ahead Of The Trend In 2020 It’s also important to keep in mind other big deals that the company is part of. Namely, the strategic investment GT received earlier last month. Newmont Goldcorp ( NGT – Free Report )( NEM ) closed on a C$8.3 million financing with GT Gold. The proceeds are slated for funding “all expenditures up to and including the Saddle North Preliminary Economic Assessment.” The specifics of the deal show Newmont receiving 6,877,199 shares at an average price of $1.20.

Gold has long been a safe haven for investors looking to hedge their bets against market risk. Thanks to things like the U.S. and China trade war, investors have sought out safe havens for the last year. We saw record trading levels for gold stocks that we hadn’t seen in over 8 years at times. Now it could be “watch and wait time” for gold’s next move.

In recent weeks, prices have been pushing toward levels above $1,550 an ounce. The key level of $1,523 as resistance was broken through, earlier this month. However, since prices dipped from highs of $1,613.30, it’s been an interesting market to watch, to say the least. The head-fake from the attacks on Iran and then counter-attack by Iran was thought to have become an even bigger catalyst for stocks. But tensions eased shortly after and now it’s all but just a distant memory.

[NEW TO GOLD STOCKS? FREE WEBINAR]
5 Bullish Cases For Gold Stocks & How To Stay Ahead Of The Trend In 2020

Regardless, there are plenty of more reasons that gold stocks have remained bullish in the wake of seemingly bullish trends in things like the SPY. That has much to do with bigger items like Fed rates, a global economic slowdown, and, of course, the ongoing trade ware between the U.S. and China. Given this case, it’s likely that gold stocks and other mining stocks will be on plenty of watch lists for the time being.

Gold Stocks To Buy [or Avoid]: Azimut Exploration Inc.

One of the biggest assets to a mining company, especially when it comes to junior gold stocks, is operations. At the very least, a company should be working a property or properties that have viable things conducive to gold discovery. This includes good mineralization, prime access, and a history of findings. Azimut Exploration Inc. (AZM – Free Report) took off running this week after reporting big news.

The company reported the discovery of substantial gold mineralization in multiple drill hole intersections. According to the company, “significant additional drilling will be required to define the true width and extent of this discovery.” However, this was good news for the company and investors agreed as shares jumped to highs of C$1.54 on January 14.

Read More

Azimut hasn’t traded this high since 2012 and rightfully so. The company’s management actually considers these findings some of the most significant gold exploration results in the region since the 2004 discovery of “the Eleonore deposit” by Virginia Gold Mines.

gold stocks to buy now Azimut Exploration (AZM)Gold Stocks To Buy [or Avoid]: Wesdome Gold Mines Ltd.

Next, Wesdome Gold Mines (WDO – Free Report) has been on fire since late October. At the time shares traded around C$5.80. Since then, the gold stock has nearly doubled after reaching highs of C$10.47 this year. In fact, overall, the last 6 years has seen WDO stock soar more than 660%.

Last month the company reported additional results from an ongoing underground definition and exploration drilling program. It was at its 100% owned Kiena Mine Complex in Quebec, Canada. Results were more than favorable according to the company and it could mean bigger things during the year according to management.

Mr. Duncan Middlemiss, President and CEO commented, “We are extremely pleased with the recent drilling results that continue to illustrate the high grade nature and continuity of the A Zone, especially as we assess the potential restart of the operation with the ongoing PEA study that is expected to be completed in H1 2020.”

gold stocks to buy Wesdome Gold Mines (WDO)Gold Stocks To Buy [or Avoid]: GT Gold Corp.

With primary exploration in the “world-renowned” Golden Triangle of British Columbia, Canada, GT Gold Corp (GTT – Free Report) has caught a nice gust of bullish trading this week. Over the last few weeks, GT has managed to climb from C$0.66 in late October to highs of C$1.12 this week. Furthermore, GTT stock saw one of its highest share volume days in 6 months, this week.

The interesting part is that there haven’t been much by way of updates from the company this month. As of its last update in December, GT reported drill results of its exploration program in northwest British Columbia. Results were very favorable according to the company. Specifically, the general trends of the holes drilled demonstrated “continuity and consistency of Cu-Au mineralization.”

[FREE GOLD WEBINAR]
5 Bullish Cases For Gold Stocks & How To Stay Ahead Of The Trend In 2020

It’s also important to keep in mind other big deals that the company is part of. Namely, the strategic investment GT received earlier last month. Newmont Goldcorp (NGT – Free Report)(NEM) closed on a C$8.3 million financing with GT Gold. The proceeds are slated for funding “all expenditures up to and including the Saddle North Preliminary Economic Assessment.” The specifics of the deal show Newmont receiving 6,877,199 shares at an average price of $1.20.

gold stocks to buy today GT Gold Corp (GTT)
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