3 gold stocks to buy amid the Ukraine crisis

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

By InvestorPlace 10 hours ago

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.

Tags: ANVIAG
7Comments
6 hours ago
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Best investment advice ever: Do the opposite of whatever Anthony Mirhaydari recommends. Seriously, you'll make a killing.
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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.
3 hours ago
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"Yep --- I, and many others, are the insane ones.  The insanity of watching our portfolios grow everyday is, well, just insane."
It's one thing to grow rich in a prosperous era as a return on your hard work and competence. It's quite another to grow rich off future indenture, sit on your lazy butt pressing buttons while your own nation crumbles.
PLEASE end yourself in some meaningless self-inflicted way. Especially now, over-- Labor Day. You are the vomit that forces the carnival ride closed preventing ordinary people from enjoying it. 
7 hours ago
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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.
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