Don Hansen: Gold Stock Bull Phase Coming – 4 Picks for the Current Cycle
*** Why Gold Stocks Are Poised for a Bull Phase
With the global economy facing uncertainty due to the ongoing pandemic and geopolitical tensions, investors are turning to safe-haven assets like gold. This trend has led to increased interest in gold stocks, as they are seen as a way to gain exposure to the precious metal’s price movements.
One expert who believes that gold stocks are entering a bull phase is Don Hansen, a renowned financial analyst with a track record of accurately predicting market trends. Hansen has identified several factors that he believes will drive gold stocks higher in the coming months, including inflation concerns, central bank policies, and increasing demand from emerging markets.
*** Don Hansen’s Top 4 Picks for the Current Gold Stock Cycle
1. Newmont Corporation (NEM): As one of the world’s largest gold producers, Newmont Corporation is well-positioned to benefit from rising gold prices. The company has a strong balance sheet and a diverse portfolio of mines that ensures stable production levels.
2. Barrick Gold Corporation (GOLD): Another major player in the gold mining industry, Barrick Gold Corporation has a track record of delivering strong returns to shareholders. The company’s focus on cost control and operational efficiency has positioned it well to capitalize on the current gold price environment.
3. Franco-Nevada Corporation (FNV): Unlike traditional gold miners, Franco-Nevada Corporation operates as a royalty and streaming company, providing investors with exposure to gold prices without the operational risks associated with mining. The company’s diverse portfolio of royalties ensures a stable revenue stream regardless of individual mine performance.
4. Kirkland Lake Gold Ltd. (KL): Kirkland Lake Gold Ltd. is a mid-tier gold producer with operations in Canada and Australia. The company’s high-grade, low-cost mines have consistently generated strong cash flows, making it an attractive investment option for those looking to gain exposure to gold prices.
*** Conclusion
As economic uncertainties persist and inflation concerns mount, gold stocks are increasingly becoming a favored investment choice for risk-averse investors. Don Hansen’s insights into the potential bull phase for gold stocks provide valuable guidance for those looking to capitalize on the current market environment. By considering Hansen’s top picks, investors can position themselves to benefit from the expected upswing in the gold stock cycle.