3 gold stocks to buy amid the Ukraine crisis

These hot movers could rise by double digits in coming months.

By InvestorPlace Aug 29, 2014 2:48PM

Image: Gold Bars © Stockbyte/SuperStockBy 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

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)

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.

More from InvestorPlace

Anthony Mirhaydari is founder of the Edge and Edge Pro investment advisory newsletters, as well as Mirhaydari Capital Management, a registered investment advisory firm.

Aug 29, 2014 6:34PM
Best investment advice ever: Do the opposite of whatever Anthony Mirhaydari recommends. Seriously, you'll make a killing.
Sep 1, 2014 10:16AM
gold in general has been tanking, right?  so why bother investing in it now?
Sep 2, 2014 11:17AM
"Former U.S. House Majority Leader Eric Cantor will join investment bank Moelis & Co as vice chairman and managing director, the company said, adding that Cantor will also be elected to its board. Cantor, who was defeated in June by a Tea Party challenger in a Republican primary election, will provide strategic counsel to the company's corporate and institutional clients on key issues, Moelis said."
Phil Gramm got the same gift after he ruined America by slipping his Gramm Leach Bliley Act into another piece of crap legislation and got it enacted. He went to UBS as a politi-god. Having Cantor in there pretty much assures that banks and the phony money maker Federal Reserve will rule us until we are fully ruined. 
Wars are cropping up worldwide and the US is fully mired in a death spiral by bad banks. I'm having trouble finding my local "Moelis" bank branch in the Land of the Formerly Free Indentured and Suppressed-- America. 
War over fake money- no one wins. 
Aug 29, 2014 5:28PM
Usually I find myself defending Anthony's picks, but to choose three stocks that are clearly in penny stock (below $5 a share) territory does the average investor a disservice.  Hedge funds usually don't even trade in these funds, making it hard to get in and out.  Too bad, there are so many other choices for those desiring gold in their portfolios.
Aug 31, 2014 11:52AM

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.

Sep 2, 2014 11:18AM

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. 

Sep 2, 2014 11:17AM
Haliburton settles ruining the Gulf with $1.1 Billion in fake-printed money and keeps on polluting.

Cheney-- "The Fate of the nation is too important to be left to the vote of the People."
See who has significant shares and influence in Haliburton-- STILL. 
Sep 2, 2014 11:15AM
Actually, it's the stupidity of throwing money away in gold stocks. Who can't see what's shaping up? Now the Pope is being targeted by Haliburto... I mean ISIS. 
Invest in where you live. Make something with cash flow that ordinary people can and would fund. It can't be any clearer that organized finance is falling apart. 
UP again today... garbage people investing in the end of the world as they knew it. Insanity.
Sep 1, 2014 10:20AM

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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