Looks like there is renewed interest in Kinross Gold Corporation (KGC) - could this be a good gold play in these volatile times? Price $4.69 @ 5 Sep 17 Citigroup Upgrades Kinross Gold GuruFocus.com Assessing Gold Miners Valuations after Their 2Q17 Results Market Realist Gold miners rally as North Korea fires missile over Japan Investing.com
Fair point, but with these gold company plays you sometimes get a doubly whammy of a lift in the price of gold and a recovery in sentiment towards the company.
Not a big fan of the mining stocks myself - but if you are, there's a TON of big money in this one. I mainly prefer to get gold exposure via ETFs that borrow little or no money and mainly just buy and hold the physical commodity. I buy shares of the ETFs over time via dollar cost averaging, then may sell some when I feel the time is right to take some profits. I always hold at least a little. One thing I often like to do is buy weaker currencies with dollars, then use the weaker currencies to buy shares the gold ETFs.
Interesting how you play the currency and gold markets at the same time - how exactly does this work?
If you can buy foreign currencies through your discount broker using your own currency, you should be able to buy securities using that foreign currency. I might buy 110k yen with $1k USD, then buy 110k yen worth of gold securities.
Yo so im super new to this trading thing, but I've been watching this stock after I read this thread and I was wondering if there was anything worth talking about with where the stock is at today https://finance.google.com/finance?q=NYSE:KGC&sq=kinross&sp=1&ei=COXCWenmCsaP2AaYpLbgBw&authuser=0
This share is dependant on the movement of the gold price. Check this page for a gold price chart:- https://www.bullionvault.com/gold-price-chart.do
