Don Hansen is a well-known and established figure in the gold-bull market. He is a globally recognized economist and investor, particularly noted for his acute understanding and successful handling of the gold stock bull phase. Hansen’s investment strategies are seldom beaten and he has recently identified four stocks he anticipates will be key players in the current bull cycle.
The gold stock market is a cyclical one, with bullish and bearish phases. A bull phase is seen to occur when the prices of securities in the market are rising or are expected to rise. Typically, these phases are characterized by strong investor confidence and optimism. Yet, identifying which stocks will do well during these phases can often challenge even the most knowledgeable investors. This is where one can greatly benefit from the insight of a seasoned investor like Don Hansen.
One of Hansen’s recommendations is Goldcorp Inc (GG), one of the world’s largest gold mining companies. The fact that Goldcorp is backed by a strong management team and solid asset base, combined with its well-established operations in politically secure jurisdictions, make it a prime candidate for potential growth during the bull phase. Despite this, he cautions investors to carefully monitor fluctuations in the price of gold.
The second company Hansen recommends is Barrick Gold Corp (ABX). As the world’s largest gold mining firm, Barrick holds significant clout within the industry. Its diverse operations span four continents, which offer a holistic approach to gold production. Moreover, a string of successful acquisitions have made it a powerhouse in the industry, setting the company on a robust path for growth.
The third pick by Hansen is Randgold Resources Ltd (GOLD). It operates in the relatively untapped market of West and Central Africa, enabling it to capitalize on the rich gold deposits of the region. One of the key features of Randgold is its consistently impressive performance regardless of the volatility in gold prices, thus making it a resilient option in a fluctuating market.
Lastly, Hansen believes in the potential of Newmont Mining Corporation (NEM). Among the biggest gold miners globally, Newmont has a strong presence in four continents and is backed by proven and probable gold reserves of 128.8 million ounces. This allows it to potentially retain value during a drop in gold prices, providing a relative hedge during the bear phase as well.
Navigating the tumultuous gold stock market can be difficult and picking the right option when multiple promising stocks exist can be like finding a needle in a haystack. Don Hansen’s vast knowledge and understanding of the industry have manifested attractive results in the past. His knack for predicting the rhythm of the market is unparalleled and his perspective is invaluable for those playing the gold stock market game.
It’s important to remember that irrespective of the expertise of people like Don Hansen in the industry, investing in the stock market always consists of risks. It’s absolutely vital to conduct personal research or seek advice from trusted financial advisors before jumping on an investment bandwagon. Nonetheless, keeping an eye on Hansen’s moves could help investors benefit in riding the bull wave that he predicts is coming.
