Here is our next video about Gold mining stocks analysis. Gold mining stocks 2022 have performed extremely well so far since the beginning of the year. The VanEck Vectors Gold Miners ETF, for example, has soared 32% YTD at its peak yesterday at $40.53 and Barrick gold stock price skyrocketed around 36% YTD at its yearly high at $26.07.
Gold Mining stocks are also performing better than the metal itself as Gold is hovering around the range of 5% to 6% gains.In fact, when Gold plunged recently, Gold miners like Franco Nevada and Newmont managed to stay resilient, signaling strong business fundamentals.
According to the Barrick gold technical analysis, the price recently broke above critical resistance level at $25 so now seems to be a good time to buy and take advantage of the bullish momentum.
Watch the full video for our take on the Newmont mining stock and a deeper insight into what to expect in the months ahead from our Gold mining stocks overview. Drop us a line in the comments with your thoughts on Franco Nevada stock.
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00:00 Intro
01:37 Barrick Gold near yearly target
02:30 Barrick Gold technical analysis
04:37 Newmont much above the annual target
06:15 Newmont technical analysis
09:29 VanEck also outperforms
10:58 VanEch Vectors Gold Miners ETF technical analysis
12:27 Franco Nevada stock at fresh highs
13:36 Franco Nevada technical analysis
16:01 Recap
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8 Comments
Gold Royalty & Streaming to play it safe….
David, your thoughts on dry bulk shipping? Cyclical bottom coinciding with commodities boom?
#COBR and #GGP for exploration 👌
Thanks very clear From libya
👍 I have FNV and WPM there are smaller royalty co's like Altius minerals and Sandstorm gold that are good too. Thanks!
Hi David, just a quick question, if the dollar suddenly goes down hill. Would we better holding US gold miners on the NYSE or having gold mining stocks on the Australian stock exchange. Lots of people warning about being in the NYSE due to collapse of the dollar. Does that apply to mining and commodity stocks in general. Cheers David for all the time and work on your videos. Nice to hear a reliable pair of hands giving there opinions online..
Hope your right currently holding puts on NEM 😜
what will happen if everyone aim for buying at least 1 oz of gold?
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