3 gold stocks to buy amid the Ukraine crisis
These hot movers could rise by double digits in coming months.
By Anthony Mirhaydari
Fear and uncertainty is back in the air heading into the long Labor Day holiday thanks to Russian President Vladimir Putin.
This is a guy that, according to Time magazine's coverage naming him their 2007 Person of the Year, has the mental discipline to not blink when giving his blue steel staredown.
It's about intimidation, I guess.
But no-blink contests aside, Putin's demonstrated time and again his steely resolve to protect ethnic Russians living in diaspora. And after repeated feints at de-escalation, he seems to be moving all in on reports of large numbers of Russian soldiers, as well as heavy armor and artillery, engaging with Ukrainian military forces.
As a result, investors are seeking out safe haven assets including precious metals -- which have been in suspended animation since June. Silver and gold futures are turning higher. If it continues, it will be great news for these three fast-moving gold stocks.
NovaGold Resources (NG) is an exploration and development stage company looking for gold, silver and copper resources mainly in its Donlin Gold project in southwestern Alaska as well as the Galore Creek project in British Columbia.
NG stock has been enjoying an upward drift since late 2013, staying above its 200-day moving average despite a serious test of support back in May.
A move to the top of the trading range from here would be worth a 16 percent-plus gain.
Iamgold (IAG), based in Canada, operates mining facilities in its home country as well as Africa and South America. The company is profitable and expected to remain so, with revenue set to grow 10 percent this year and 8 percent next year.
Shares of IAG have been consolidating near $4 since late 2013 with a couple tests of support near $3.
After securing its move over the 200-day moving average, IAG stock looks ready for a breakout move higher that could result in a return to levels not seen since October -- which would be worth a near 40 percent gain from here.
Allied Nevada Gold
Allied Nevada Gold (ANV) produced 136,930 ounces of gold and 794,097 ounces of silver in 2012 from its mine facility near Winnemucca, Nevada -- and this year, it's on track to produce 230,000 to 250,000 ounces of gold as well as 1.7 million to 1.9 million ounces of silver.
In addition, the company owns six other promising properties and 90 other early-stage exploration properties. Revenue is expected to grow 29 percent this year to $345 million.
Shares are ramping up in what looks like another retest attempt of the 200-day moving average. A cross of this level, and a return to the March highs, would be worth a 75 percent gain from here.
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Stay away from Gold. Investors a fed up with war news, people now days are going to invest regardless. Just look how good the market is doing despite of 5 wars going on at the same time.
Thats because we don't give a $h!t, thats what happening. We ain't scared of ISIS, Taliban, Putin, Syria,Hamas, or Global Warming. The Home of the Braves.
ATLANTIC CITY, N.J. — The most spectacular and costly failure in 's 36-year history of casino gambling begins to play out Monday when the $2.4 billion Revel Casino Hotel empties its hotel. Its casino will close early Tuesday morning. Revel is shutting down a little over two years after opening with high hopes of revitalizing Atlantic City's struggling gambling market. But mired in its second bankruptcy in two years, Revel has been unable to find anyone willing to buy the property and keep it open as a casino. It has never turned a profit. Revel will be the second of three Atlantic City casinos to close in a two-week span. The Showboat Casino Hotel closed its doors Sunday, and Trump Plaza is closing Sept. 16. So what killed Revel? Analysts and competitors say it was hampered by bad business decisions and a fundamental misunderstanding of the Atlantic City casino customer.
What REALLY killed Revel? America without jobs, slobs like the investor losers who post here and do not support anything other than the markets. We should covert stock shares to draft notices and ship every investor loser to any of the fronts the GOP are kindling into war zones. -- the Fate of the nation is too important to be left to the vote of the people.
Through an abundance of irrational asinine articles posted by this author over the past few years, Mirhadari has invalidated all his credibility as a financial writer. His posts no longer warrant or deserve any serious attention or comment. He's an educated VL.,( A/K/A Village Lunatic)..but unlike the Wacko VL he has some academic substance. Anthony should be teaching HS basic Economics.
VL needs more therapy treatments.
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As geopolitical tensions threaten to spin out of control, investors are wondering how best to position their portfolios for the global turmoil.
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