9 Great Gold and Silver Stocks To Watch

Last Monday I posted that the gold stock trend still lives not knowing that after the Fed decided to leave rates unchanged Gold and Silver stocks would take off. And wow did they take off.

Between Thursday and Friday alone Gold jumped a staggering 5.4% finishing the day Friday above $930. Goldcorp (GG) and Yamana Gold (AUY) stocks were up over 10% each; both were mentioned in my gold stocks post.

We are now officially two days into a newly rekindled trend and to help your investment research get a head start I have 9 hot gold and silver stocks you should definitely know about. These 9 stocks all are top ranked fundamentally in their groups and have already begun to make big moves to the upside.

1. Spider Gold Trust (GLD)

GLD is an exchange traded fund or ETF that tracks the price of Gold bullion. This ETF is THE way to play gold without buying bars. Friday the fund closed at $91.47, finishing up some 5% on the week.

2. Ishares Silver Trust (SLV)

SLV is also an exchange traded fund or ETF that tracks the price of Silver. This ETF is THE way to play silver without buying bars. Friday the fund closed at $173.30, closing the week up just over 4%. Current resistance is $175.

3. Yamana Gold (AUY)

AUY is a Canadian corporation which engages in the acquisition, development, and exploration of gold in not only Argentina but also Brazil. Yamana is not only the top ranked stock in its group fundamentally but also just Friday close above $16.50 resistance. All time high is $19.93 set in mid March of this year.

4. Goldcorp (GG)

GG is another Canadian Corporation whos focus of gold exploration is in Australia, South America, and throughout North America. Goldcorp stock closed at all time highs Friday of $46.36 and is the #1 ranked gold stock as far as technicals go. Search Goldcorp using the search box at the top of any page and you will see that I have been tracking this stock since 2007.

5. Newmont Mining (NEM)

This internationally focused company is involved in gold production across the globe: US, Australia, Ghana, Mexico, Canada, Indonesia, Peru, New Zealand, and even Bolivia. Thursday Newmont Mining broke out of a small base and Friday closed at $52.68. 52-week highs lie at $57.55.

6. Barrick Gold Corporation (ABX)

Another international miner, ABX has operations in Peru, Australia, the US, Canada, and some eight other countries worldwide. Copper mining is also a focus of this company and Friday the stock closed at $45 even putting it back above its long term trendline the 200 day moving average. Barrick Gold is still close to 20% off its all-time highs.

7. Buenaventura (BVN)

This Peruvian company has a focus on gold and silver with the stock closing Friday at $64.44. This close put the stock right at its 50 day moving average which is currently acting as resistance. If the stock can break through here $70 is the next key price target.

8. Randgold Resources (GOLD)

A South African corporation, GOLD is involved in the exploration and development of Gold in West Africa. The stock had a huge week last week surging over 15% finishing Friday at $46.41.

9. Market Vector Gold Miners (GDX)

Another exchange traded fund or ETF, the Market Vectors Gold Miners follows the performance of the Amex gold miners index. Friday the fund closed at $48.29 which is above its 200 day moving average. Alongside GLD this fund is a fantastic way to play the gold trend as a whole.

Comments

  1. Posted by Matt on June 29, 2008 at 6:05 pm

    Great read here Blain, I liked the article on ETFs as well. Good breakdown, keep the research lists coming! :razz:

  2. Posted by Brandon on July 1, 2008 at 10:44 am

    Holy cow, that's a nice tracking sheet!

  3. Posted by Domenic on December 6, 2008 at 1:09 pm

    gold and silver stocks.No use watching or looking in this game of flux.I've studied the trend in a different way based on my own margin of psychlogical error derived from a theory that is based on behavior
    ial attention and action.This is a method I've been using to analysis
    everything from purchasing products, horse racing, and equities. It's skill is transferable but must be slightly adjusted to allow for certain random occurances specific to the challenge at identifying accuracy in the observed area. It has worked for me for the last 11 years and with more facts presenting themselves the system I have devised has shown greater accuracy in determining th quality and duration of a trend.Gold and silver will continue to go side ways until Q2 when deleveraging from all sectors-hedge-soverign-banks and yes households- will establish a behavioral peak and then moderate fro the next 2 quarters. This situation will need watching as it evolves but from here now It says to wait..no money,no bottom yet.

  4. Posted by Maximilliano on April 20, 2010 at 5:35 am

    I genuinely liked going through your weblog content, and I've added in you to my Newsgator reader.