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Gold/Mining/Energy : 2024 Stock Picking Contest -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (30)12/4/2023 10:48:46 AM
From: dara1 Recommendation

Recommended By
Goose94

  Read Replies (1) | Respond to of 271
 
Gold bullion doesn't really fit in the criteria for the stock picking contest although my bullion sure makes me sleep better at night.

POG is up 12.55% in 2023. It would be in 12th place in this year's contest. I totally understand why you might want to choose POG for your personal holdings.

The next best thing to bullion might be one of the blue chip gold producers. Generally, I would think of AEM (down 2% on the year) or FNV (which is suffering due to the market's overreaction to the Panama mine closure affecting one of their royalty streams) or NGT (which is suffering due to the takeover of Newcrest Mining) or ABX (currently down 1% on the year). The blue chip that I missed that has done well this year is K up 40% year-to-date.

Give it some more thought and see if you can come up with a stock for the contest. ;)