Report
Dave Nicoski ...
  • Ross LaDuke
EUR 242.33 For Business Accounts Only

Int'l Insights: Bullish Stocks

Buy Gold And The Gold Miners
· Gold Price. The price of gold remains on bullish short- and long-term trajectories with the uptrend that began in 2018 still intact. Short-term, gold is holding above base support near $1680 and we see the 2011 highs of $1900 as an achievable target price in the coming months.
· We believe gold miners are likely to benefit from continued higher gold prices. The VanEck Vectors Gold Miners ETF (GDX) depicts this opportunity, as current prices are offering a great entry point for both short- and long-term investors. When these short- and long-term timeframes are aligned it gives us added confidence that now is the time to buy. The GDX recently broke above a major 7-year base at $31, and it now appears to be successfully testing this level as support. As long as the GDX is above $31 we are bullish on gold miners.
· In today's report we highlight our favorite setups in order of attractiveness: AngloGold Ashanti Sponsored ADR (AU), Gold Fields Sponsored ADR (GFI), Kirkland Lake Gold (KL), Barrick Gold (GOLD), Kinross Gold (KGC), Yamana Gold (AUY), B2Gold Corp. (BTG), Alamos Gold (AGI), Wheaton Precious Metals (WPM), and Asanko Gold (AKG).
Underlyings
Academies Australasia Group

Academies Australasia Group Limited. Academies Australasia Group Limited is engaged in the provision of training and education services. The Company is an education provider offering English language, Senior High School, Singapore Government School Preparatory Certificate, Diploma, Advanced Diploma, Bachelor and Master degree courses. It has approximately 18 colleges in various cities, including Sydney, such as Academy of English, Academies Australasia Institute, Australian College of Technology, Clarendon Business College and College of Sports and Fitness; Melbourne, such as Academies Australasia Polytechnic, Skills Training Australia and Vostro Institute of Training, and Brisbane and Gold Coast, such as Brisbane School of Hairdressing, Gold Coast School of Hairdressing and Brisbane School of Beauty. It has various courses in various cities, including Sydney, such as accounting and marketing; Melbourne, such as information technology and management, and Brisbane, such as hairdressing and beauty, and travel and tourism.

AngloGold Ashanti Ltd. ADS

B2Gold Corp.

B2Gold is a Vancouver-based gold producer with three operating mines (two in Nicaragua and one in the Philippines), a fourth mine which has entered into the commissioning and testing phase in Namibia and a portfolio of development and exploration assets in Mali, Colombia, Burkina Faso and Nicaragua. Co.'s reportable operating segments include its mining operations and development projects. The Other Mineral Properties segment consists of Co.'s interests in mineral properties which are at various stages of exploration. The Corporate and Other segment includes corporate operations and the Bellavista property in Costa Rica which is classified as held for sale.

Barrick Gold Corporation

Barrick Gold is engaged in the production and sale of gold, as well as related activities such as exploration and mine development. Co. also produces copper and hold interests in oil and gas properties located in Canada. Co.'s mining operations are concentrated in three regional business units: North America, South America and Australia Pacific. Co. also hold a 73.9% equity interest in African Barrick Gold plc that owns gold mines and exploration properties in Africa. Co.'s copper business unit contains producing copper mines located in Chile and Zambia; and a mine under construction located in Saudi Arabia.

Gold Fields Ltd. ADS

Kinross Gold Corporation

Kinross Gold is engaged in the mining and processing of gold and, as a by-product, silver ore and the exploration for, and the acquisition of, gold bearing properties in the Americas, the Russian Federation, West Africa and worldwide. As of Dec 31 2013, Co.'s proven mineral reserves for gold and silver were 1,122 ounces and 1,179 ounces respectively.7,883 7,883 7,883

Kirkland Lake Gold Ltd.

Kirkland Lake Gold is a Canadian gold mining and exploration company with three producing mines in Australia: the Fosterville Gold Mine and the Stawell Gold Mine in the State of Victoria and the Cosmo Gold Mine in the Northern Territory. Co. also has a portfolio of development opportunities on its significant land package, including the Big Hill Project at Stawell and various projects in the Northern Territories. In addition, Co. owns title to a mining lease located in north-central Newfoundland, Canada.

Wheaton Precious Metals Corp

Wheaton Precious Metals is engaged in the silver mining business.

Yamana Gold Inc.

Yamana Gold is engaged in the exploration, development, extraction, processing and reclamation of gold and other precious metals mining throughout the Americas including Brazil, Argentina, Chile, Mexico and Colombia. As of Dec 31 2011, total proven reserves for gold, silver, cooper, zinc and molybdenum was 618,709,000 tonnes, 27,316,000 tonnes, 387,660,000 tonnes, 5,004,000 tonnes and 32,000,000 tonnes, respectively.

Provider
Vermilion Research
Vermilion Research

Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.

Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.

Analysts
Dave Nicoski

Ross LaDuke

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