Decent size float on the TSX ( $1.3B ). See : https://ca.finance.yahoo.com/news/2-falling-tsx-gold-stocks-154500442.html . I took note of the positive earnings trend and resolution of some permit issues last year. A lower risk play then most at today's prices.
My favourite is Agnico Eagle Gold Mines but I don't hold. On the ASX we did have once another Toronto listed gold mine, Kirkland Lakes. So Kirkland was a CDI (Chess Depository Interest - an instrument developed by a subsidiary of ASX that gives investors the same beneficial interests in foreign companies and funds as holding these shares and funds directly on their foreign exchange.) Kirkland had a mine or mines in Victoria Australia. Kirkland got snapped up by Agnico Eagle, then delisted from ASX similar to Oceana Gold's delisting. I notice Oceana has a mkt cap of $1.31Bil CAD while Agnico Eagle has a mkt cap $19Bil CAD. When Kirkland/Agnico were list on ASX, trading liquidity was very thin which put me off holding at the time.
GLD vs SPX at ATL on the yearly GLD at yearly low on the monthly IMO we’re still bullish on the yearly, Bearish on the Quarterly, Monthly, Weekly. Bullish on the daily. I wouldn’t advise to buy here, However the reward to risk can’t be any better.
1.40% from 159.26 to 157.04 on GLD Reward to ATH is +20% R:R 14 and more. More complete picture of GC vs ES on the yearly. Could be an interesting play ... IDK ...
I'm neutral overall but think a move higher for next couple of weeks is a possibility. I don't use r/r at all, price doesn't care.
Once upon a time I thought I could successfully trade/invest in gold, but my opinion has changed. IMO, there are far better opportunities where the commodity price is not manipulated. Oh looky looky where gold is right now, at the bottom! (as usual) Even crypto is a better bet imo.