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Gold Giants Reveal Strong Buy Signals for Investors
Contributed Opinion

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Jack Chan Jack Chan of Simply Profits takes a look at three gold stocks and shares their stops.

Below, I share mining companies' current technical status according to our trading model.

  • TLBBS – trend line break buy signal
  • TLBSS – trend line break sell signal

First, let's look at Newmont Corp. (NEM:NYSE; NGT:TSX; NEM:ASX).

Newmont is on a weekly Buy signal from US$45.

Investors should place a stop at US$75 to lock in profits.

Next, let's look at Barrick Mining Corp. (ABX:TSX; B:NYSE).

Barrick is on a weekly Buy signal from US$18.76.

Investors should place a stop at US$36.24 to lock in profits.

Lastly, I want to look at Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE).

Agnico Eagle is on a weekly Buy signal from US$88.

Investors should place a stop at US$150 to lock in profits.


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Important Disclosures:

  1. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Barrick Mining Corp. and Agnico Eagle Mines Ltd.
  2. Jack Chan: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
  3. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found  below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 
  4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

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Jack Chan Disclosures

We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.


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