I keep a watchlist of precious metals and materials stocks that I watch as a barometer of the value of their underlying commodities
as well as the market's sentiment on putting capital into safe harbor investments in times of market headwinds. Well, I've written quite a bit about this with my other articles about Kirkland Lake and Franco Nevada Corp
, so see those for additional details. The technicals are nearly identical for these four precious metals companies, and KGC
is profitable, doing well, beating earnings
expectations, and in the process of making a solid reversal from the previous high growth tech stocks and consumer goods and industrials that the prior months were having.