FNV Put Spread 90/95
EXP Oct 18, cost $1.59
Max loss is going to be $100 Max Gain is $2.21 Great Risk to reward ratio.
Gold is sinking as it topped out and sentiments are changing to a brighter outcome for the market in general with hong kong simmering down and china + america coming to some trade talks gold seems to be going lower for the time being.
Love this stock. It trades a 10$ spread regularly. It trades on both gold and oil , but mostly gold . Pays a dividend. More higher lows, we will see if there is higher highs. The volume is consistent. Love the stock. I start selling above 80 and start buying below 70.
Like many, I don't believe good times last forever. I like having a portion of my portfolio in gold/mining indexes as a safety net but I've been very disappointed by returns. FNV tremendously outperforms both GLD and GDX - I can't really imagine how well this company will perform when GLD/GDX start seriously uptrending. The 1.08% dividend while I wait is just...
Franco Nevada reported 30c vs 25c concensus on Monday sending the stock on an Fast Ball XRV move to the upside. A continuation on Tuesday will have us long the stock with an overhead target at resistance.
This chart shows the year to date performance of gold vs gold stocks. We see that gold stocks of all kinds have outperformed gold itself. GDX is an ETF of larger, more established miners; GDXJ is an ETF is an ETF of junior miners. RGLD, SAND, and FNV are royalty stocks, which are basically firms that invest in other mines in exchange for a share of their output....