All Gold Everything!

Gold has been on the move lately with tensions building between the U.S. and China. On July 24th, Gold finally broke $1,900 for the first time since 2011 and flooded volume into the gold sector. With tech getting a little shaky for investors during earnings seasons, here are some low cap gold stocks to keep an eye on as the sector will most likely continue to push new highs this week. The three gold stocks I’m watching are AUY , VGZ and TGB. All have broken 52-week highs and if the volume continues to hold, I am definitely looking to capitalize. As AUY finished strongly into the close on Friday and with no clear key resistance, Monday morning I’m looking to hopefully buy this off a dip with the $6 level as my risk, where I would probably look to cut my loss if this doesn’t go my way. TGB is trading right around some resistance from last year, so if this can break $0.90, I’ll look to hold this for a day or 2 with $0.80 as my stop-loss. Lastly, VGZ I’ll look to execute the same strategy as TGB but buy with a breakout above $1.25 and hold for $0.50 to $1.00/share, while risking off around Fridays close at $1.18. Remember to take profits and cut losses quickly!

-Jelani Bell

Leave a Reply

%d bloggers like this: