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While the SP/TSX Composite Index is up nearly 20% year to date, the iShares SP/TSX Global Gold Index ETF is down by nearly 20%. The price of gold tends to move inversely with the stock market. That is, when the stock market goes up, gold falls. Plus, gold prices rise when inflation picks up, stanley flasche as is the case now. Since gold stocks tend to rise when gold prices rise, you might want to hedge your portfolio by buying gold stocks. Many quality golds stocks are trading at very low prices and could go up sharply in the comin stanley cup website g months. Barrick Gold stanley mugs TSX:ABX NYSE:GOLD , Agnico Eagle Mines TSX:AEM NYSE:AEM , and Kinross Gold TSX:K NYSE:KGC are three gold stocks that you might consider buying to protect your portfolio from a market downturn. Let s look at these three gold miners in more detail.Barrick GoldBarrick Gold is a Canadian mining company that extracts gold and copper. It has reserves located all over the world, particularly in North and South America, Africa, and the Middle Xysi Looking for Diversification This 1 Company Has You Covered
The SP/TSX Composite Index dropped 38 points on July 29. Energy stocks were pummelled and cannabis stocks continued to experience major volatility in the wake of the CannTrust scandal.This bout of turbulence may lead some investors to chase dividend stocks. It is important to remember that the TSX is still enjoying the fruits of a great firs stanley mugs t half. This correction could deepen in the latt vaso stanley er half of the year.A bout of volatility also provides investors the opportunity to add income-yielding stocks at a discount in preparation for more uncertainty. Today I want to look at three of my favourites as we head into August.EnbridgeEnbridge TSX:ENB NYSE:ENB is an energy company that needs no introduction. The stanley cup nz energy infrastructure giant boasts a mammoth project pipeline and a wide economic moat.Shares have suffered after oil entered a bear market in early June, with gas prices following suit. The stock has dropped 10.8% over the past three months as of close on July 29.The company is se |
