3 Ways to Invest in the Presidential Election's One Sure Winner
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
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Should l Buy GOLD?
Source: NASDAQ.COM
Gold Prices Surge: Gold has reached record highs due to central bank buying, inflation, and geopolitical tensions, with spot prices up 24.5% year-to-date, outperforming major stock indices.
Investment Opportunities in Gold ETFs: Several gold ETFs, including SPDR Gold Shares (GLD), ProShares Ultra Gold 2X ETF (UGL), and VanEck Gold Miners ETF (GDX), are highlighted as potential investment options, each offering different exposure and performance metrics related to gold.
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Analyst Views on GOLD
Wall Street analysts forecast GOLD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOLD is 44.33 USD with a low forecast of 30.00 USD and a high forecast of 63.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 62.870
Low
30.00
Averages
44.33
High
63.00
Current: 62.870
Low
30.00
Averages
44.33
High
63.00
About GOLD
A-Mark Precious Metals, Inc. provides a fully integrated precious metals platform. It offers an array of gold, silver, platinum, palladium, and copper bullion, numismatic coins, and related products to wholesale and retail customers via a portfolio of channels. Its Wholesale Sales & Ancillary Services segment distributes and purchases precious metal products from sovereign and private mints. Its Direct-to-Consumer segment operates as an omni-channel retailer of precious metals, providing access to a multitude of products through its subsidiaries, JM Bullion, Inc. (JMB), Goldline, Inc., AMS Holding, LLC (AMS) and Silver Gold Bull, Inc. JMB owns and operates numerous websites targeting specific niches within the precious metals retail market, including JMBullion.com, ProvidentMetals.com, Silver.com, CyberMetals.com, and others. AMS operates GOVMINT, which markets vintage and modern coins. It operates its Secured Lending segment through its subsidiary, Collateral Finance Corporation, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Director of Gold.com (GOLD.US) Plans to Sell $12.83 Million Worth of Common Stocks via Form 144
- Stock Sale Announcement: Director Benjamin Jeffrey plans to sell 200,000 shares of its common stock on February 12.
- Market Value: The total market value of the shares being sold is approximately $12.83 million.
See More
Valaris Shares Surge 21.8% Amid Transocean Acquisition Deal
- Significant Price Surge: Valaris shares jumped 21.8% to $76.02 on Monday, reflecting strong market confidence in the company's upcoming acquisition by Transocean, indicating a positive investor sentiment towards the deal.
- Clear Transaction Terms: Under the terms of the all-stock transaction, Valaris shareholders will receive 15.235 shares of Transocean stock for each Valaris share, which may attract more investor interest in Valaris's future performance.
- Mixed Market Performance: U.S. stocks were mixed on Monday, with the Nasdaq gaining around 100 points, showcasing strong performance in tech stocks amidst volatility in other sectors, reflecting the complexity of market sentiment.
- Investor Focus: The acquisition news surrounding Valaris has sparked widespread market attention, potentially influencing the stock prices of other related companies, prompting investors to closely monitor subsequent market reactions and industry developments.
See More
Gold.com Declares $0.20 Quarterly Dividend in Line with Previous
- Quarterly Dividend Announcement: Gold.com has declared a quarterly dividend of $0.20 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 1.59% reflects the company's competitiveness in the current market environment, potentially boosting shareholder confidence and stabilizing the stock price.
- Shareholder Record Date: The dividend will be payable on March 4, with a record date of February 20 and an ex-dividend date also on February 20, ensuring that eligible shareholders receive their dividends promptly, thereby enhancing their willingness to hold shares.
- Investor Attention: Gold.com is also set to receive a $150 million investment from Tether, which could further enhance the company's market position and future growth potential.
See More
Gold.com Q2 Earnings Highlights
- Earnings Performance: Gold.com reported a Q2 GAAP EPS of $0.46, missing expectations by $0.01, indicating pressure on profitability that could affect investor confidence.
- Revenue Surge: The company achieved revenue of $6.48 billion, a 136.5% year-over-year increase, reflecting strong business expansion and market demand, despite the earnings miss.
- Investment Injection: Gold.com is set to receive a $150 million investment from Tether, which will enhance the company's financial stability and support future growth strategies.
- Market Dynamics: Amid a significant liquidation event, gold, silver, and stocks faced selling pressure, highlighting volatility in market sentiment that may impact Gold.com's stock price in the short term.
See More
Tether to Invest $150 Million in Gold.com
- Investment Agreement: Gold.com announced a definitive agreement with Tether, under which Tether will invest $150 million through common stock purchases, reflecting strong confidence in Gold.com's future growth potential.
- Share Details: Tether will acquire approximately 3.37 million shares at $44.50 each, with an initial investment of about $125 million and an additional $25 million pending regulatory approval, indicating a cautious optimism about market prospects from both parties.
- Board Nomination Rights: Tether will have the right to nominate one director, which not only enhances its influence within Gold.com but may also provide strategic guidance to foster business development.
- Planned Use of Funds: Gold.com intends to allocate $20 million of the proceeds to invest in Tether's gold-backed stablecoin XAU₮, signaling the company's intent to position itself in the digital asset space and enhance its competitive edge.
See More
Trump's Federal Reserve Nominee is Causing Market Jitters: Here's How Stocks, Bitcoin, and Gold Are Responding to Warsh.
Role of the Federal Reserve: Former Fed Chair William McChesney Martin emphasized that the central bank's duty is to curb excesses in the economy, akin to removing a punchbowl when the party is in full swing.
Impact of Kevin Warsh's Nomination: Kevin Warsh's nomination by President Donald Trump to lead the Fed has seemingly deflated a bubble in precious metals, indicating his influence even before taking office.
See More
Director of Gold.com (GOLD.US) Plans to Sell $12.83 Million Worth of Common Stocks via Form 144
- Stock Sale Announcement: Director Benjamin Jeffrey plans to sell 200,000 shares of its common stock on February 12.
- Market Value: The total market value of the shares being sold is approximately $12.83 million.
See More
Valaris Shares Surge 21.8% Amid Transocean Acquisition Deal
- Significant Price Surge: Valaris shares jumped 21.8% to $76.02 on Monday, reflecting strong market confidence in the company's upcoming acquisition by Transocean, indicating a positive investor sentiment towards the deal.
- Clear Transaction Terms: Under the terms of the all-stock transaction, Valaris shareholders will receive 15.235 shares of Transocean stock for each Valaris share, which may attract more investor interest in Valaris's future performance.
- Mixed Market Performance: U.S. stocks were mixed on Monday, with the Nasdaq gaining around 100 points, showcasing strong performance in tech stocks amidst volatility in other sectors, reflecting the complexity of market sentiment.
- Investor Focus: The acquisition news surrounding Valaris has sparked widespread market attention, potentially influencing the stock prices of other related companies, prompting investors to closely monitor subsequent market reactions and industry developments.
See More
Gold.com Declares $0.20 Quarterly Dividend in Line with Previous
- Quarterly Dividend Announcement: Gold.com has declared a quarterly dividend of $0.20 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 1.59% reflects the company's competitiveness in the current market environment, potentially boosting shareholder confidence and stabilizing the stock price.
- Shareholder Record Date: The dividend will be payable on March 4, with a record date of February 20 and an ex-dividend date also on February 20, ensuring that eligible shareholders receive their dividends promptly, thereby enhancing their willingness to hold shares.
- Investor Attention: Gold.com is also set to receive a $150 million investment from Tether, which could further enhance the company's market position and future growth potential.
See More
Gold.com Q2 Earnings Highlights
- Earnings Performance: Gold.com reported a Q2 GAAP EPS of $0.46, missing expectations by $0.01, indicating pressure on profitability that could affect investor confidence.
- Revenue Surge: The company achieved revenue of $6.48 billion, a 136.5% year-over-year increase, reflecting strong business expansion and market demand, despite the earnings miss.
- Investment Injection: Gold.com is set to receive a $150 million investment from Tether, which will enhance the company's financial stability and support future growth strategies.
- Market Dynamics: Amid a significant liquidation event, gold, silver, and stocks faced selling pressure, highlighting volatility in market sentiment that may impact Gold.com's stock price in the short term.
See More
Tether to Invest $150 Million in Gold.com
- Investment Agreement: Gold.com announced a definitive agreement with Tether, under which Tether will invest $150 million through common stock purchases, reflecting strong confidence in Gold.com's future growth potential.
- Share Details: Tether will acquire approximately 3.37 million shares at $44.50 each, with an initial investment of about $125 million and an additional $25 million pending regulatory approval, indicating a cautious optimism about market prospects from both parties.
- Board Nomination Rights: Tether will have the right to nominate one director, which not only enhances its influence within Gold.com but may also provide strategic guidance to foster business development.
- Planned Use of Funds: Gold.com intends to allocate $20 million of the proceeds to invest in Tether's gold-backed stablecoin XAU₮, signaling the company's intent to position itself in the digital asset space and enhance its competitive edge.
See More
Trump's Federal Reserve Nominee is Causing Market Jitters: Here's How Stocks, Bitcoin, and Gold Are Responding to Warsh.
Role of the Federal Reserve: Former Fed Chair William McChesney Martin emphasized that the central bank's duty is to curb excesses in the economy, akin to removing a punchbowl when the party is in full swing.
Impact of Kevin Warsh's Nomination: Kevin Warsh's nomination by President Donald Trump to lead the Fed has seemingly deflated a bubble in precious metals, indicating his influence even before taking office.
See More
