Top Gold Stocks 2016 – Below is a list of the Best Gold Stocks for 2016. These gold stocks are my top gold stock picks in 2016 and some of the ones I will be watching closely. The price of gold continues decline into 2016 and the trend remains down. The gold stocks list below should benefit greatly if gold rebounds from here. When buying gold stocks, you always want to make sure the price of gold is stable and is in a solid uptrend. While there are no pure play gold stocks, you come fairly close by investing in Gold ETF’s such as GLD or UGL. Most of the best gold stocks I list below are gold mining stocks. The miners will only do well when the price of gold is rising. Avoid the gold miners when gold is breaking down or you will lose a lot of money. I have been bearish on Gold from 1900 down to 1080 but since the metal has traded sideways, i’m starting to like it again around 900-1000.
Gold Penny Stocks – I listed some Gold Penny Stocks below as well. Gold Penny Stocks are highly volatile so I only recommend trading them and not holding them for a long period of time. Buy the big dips, sell into rallies.
More Popular Articles – Top Stocks 2016 – Top Solar Stocks 2016 – If you are looking for some hot stocks, check out my biggest gainers page, my top penny stock gainers page, and my top stock gainers page. I also have updates on my stock blog. If you want to learn about day trading stocks, go to my day trading page.
Top Gold Stocks 2016 – Direxion Daily Gold Miners Bull 3X Shares (NUGT) ($28.50) – NUGT is the top gold stock for 2016. If you are positive on the price of gold in 2016, NUGT is the gold stock to buy. NUGT is a 3x triple long gold miners ETF. When the price of gold is going up, NUGT outperforms by a long shot. However, when gold drops below $1200 per ounce, the miners’ margins are squeezed which causes NUGT to drop hard. NUGT is a strong buy when gold stabilizes and begins to rally. I’m giving NUGT a 2016 price target of $40. If you are positive on Gold in 2016, NUGT is the best gold stock to buy in 2016.
Best Gold Stocks 2016 – Randgold Resources (GOLD) ($62) – Randgold Resources (GOLD) is a gold mining stock that explores in Africa. Randgold Resources (GOLD) continues to make money even though the price of gold is in a big decline. To top it off, you receive a 1% dividend yield which is an added bouns. I like GOLD stock best near $55 but this is the best pure play way to play gold without buying an ETF because ETF’s are high risk. Randgold Resources Limited explores and develops gold deposits in Sub-Saharan Africa. It holds interests in the Morila gold mine, the Loulo gold mine, and the Gounkoto gold mine, which are located in Mali, Western Africa; Tongon mine located within the Nielle exploitation permit in the north of Côte d’Ivoire; Kibali mine located in the Democratic Republic of Congo; and the Massawa project located in Senegal.
Gold Stocks to Buy 2016 – AngloGold Ashanti Ltd. (AU) – AngloGold Ashanti Ltd. (AU) is a junior mining gold stock to watch in 2016. Late last year, AU surged from the $5’s to the $7’s on heavy volume. In 2016, AngloGold Ashanti Ltd. (AU) needs gold prices to rebound and a close back above $8 to bring the bulls back into the stock. There is a chance AU rallies from $7 to $10 in 2016 but make sure you sell. Look to rebuy in the $6’s or $5’s.
Gold Penny Stocks – Here is a list of the best gold penny stocks in 2016. These gold penny stocks are breaking out to the upside and are now a buy on large dips – Golden Minerals (AUMN) – Minco Gold (MGH) – Lake Shore Gold Corp (LSG).
Another gold penny stock to watch in 2016 is Paramount Gold Nevada Corp. (PZG). PZG caught my eye late last year because the stock rallied from $1-$1.30 in a few days. If you look at the chart, Paramount Gold Nevada Corp. (PZG) is a buy near $1 and a sell above $1.50-$2.