Loading ...Sandstorm Gold
AS GOOD AS GOLD, MAYBE BETTER.
You want exposure to gold but are looking for better returns. And investing in gold mines feels too risky. What about a gold investment that reduces the risk of mining stocks while typically outperforming the gold price?
Sandstorm Gold Royalties holds a portfolio of over 200 royalties on mines around the world. We don’t operate the mines, limiting exposure to common operational risks. Our stringent due diligence process allows us to select some of the best mines in the world, providing stable cashflow and more exploration upside than any other gold royalty company. Less risk and more upside? Now that’s a bright idea.
…………………………………………………………………………………………………………………………………………..
The above is from the opening page of the Sandstorm Gold website. Below is the weekly chart.
What happened? I surmise a company, or companies that sold Gold royalties to Sandstorm didn’t pan out. But I don’t know.
They are ALL like that…This looks like a repeat of 2016
Fantastic power move up followed by a slow drift and then just when you think second leg…Bam …both legs are cut out from under.
sheesh…what a terrible sector to be addicted to…worst of any of them
If one doesn’t follow the charts…one is roadkill
Exactly right.
Its largely about the tide going in or going out on global money supply.
Looks to me like they decided to shift the regime.
And as usual, this sector sniffs it out sooner than the rest.
Granted, they’ll do so in the other direction too, but first things first.
Don’t worry about SAND. Look at a chart of industry leader FNV… it looks exactly the same. It’s day will come. In fact in 3 years with the assumption of $3,500 gold I project the stock will command a price of $45
almost all of the streamers have been very weak and signaling this move down. WPM is a terrifying chart as I just pointed out. SAND looks like a long falling channel/wedge. Seems pretty close to a bottom