Looking to add gold to your portfolio? If the performance of big gold companies fail to impress, why not try junior gold mining stocks and ETFs? But before you dip your toes, check out Broad Street Alerts’s top picks!
Every time inflationary news hits the airwaves, folk rush to gold like it’s the mid-1800s.
But did you know that there’s a type of gold stock that could net you higher returns in a short period? Enter junior gold mining stocks.
Of course, every high-reward asset has a catch, and this is why the team behind Broad Street Alerts wants to cue you in before you pull out your wallet. So if you want to avoid buyer’s remorse after purchasing your first junior gold mining stock, read on.
Broad Street Alerts’ latest article will give you a brief introduction to junior gold mining stock trading and its associated risks and potential returns. The article also names the top 5 junior gold mining stocks of 2023 that newbies like you should check out.
Learn more about them at https://broadstreetalerts.com/top-5-junior-gold-mining-stocks
According to Broad Street Alerts, gold prices are rising because of global economic and political instability, and more investors are moving their funds to tangible assets like gold. “Recent liquidity issues in the global banking sector have boosted interest in gold. Gold is often seen as a hedge against inflation, further driving up demand for the precious metal,” the author said.
Mentioned in the article are five junior gold mining companies listed on the New York Stock Exchange, which makes them easily accessible through brokerages. These are Caledonia Mining Corporation, Dakota Gold Corp., Galiano Gold Inc., Paramount Gold Nevada Corp., and Vista Gold Corp.
While these companies all show promise, Broad Street Alerts still wants you to do your due diligence because junior gold mining stocks are inherently high risk owing to their speculative nature. “It is important to conduct thorough research and consult with a financial advisor before investing in any company,” the author advised.
But if you’re one of those with a strong stomach for risk, Broad Street Alerts says you should consider exchange-traded funds (ETFs), which are pooled funds that track a basket of securities. The article mentions one particular ETF that tracks a commodity index that also includes junior mining stocks. This particular ETF seeks a daily return of 200%, but the reverse could also be achieved and is not affected by the spot price of gold.
Broad Street Alerts is an online resource for small-cap traders, swing traders, and anyone looking for short-term returns. Hence, it focuses its research on small- and mid-cap growth companies, such as junior mining firms.
It offers free stock alerts via email and text, and it has its own subreddit, so join up if you’re a Redditor.
And for more in-depth articles, visit https://broadstreetalerts.com/
