Royal Gold (RGLD) delivers favorable earnings and is testing its all-time highs
It’s an argument for playing it safe(r). Gold royalties do not mine, and thus incur no direct mining risk. They also usually have globally diversified royalty/streaming assets. If any single miner gets tangled up in political turmoil, execution risks or abundant other risk factors, royalty companies can be affected but again, not directly. Risk is decidedly lower.
I had previously held RGLD, took a profit and recently added it back (ref. Sunday’s video TA on gold, silver and gold stocks). The lesson here is to not get too cute with trading core items, because I could have easily neglected to add it back, suffering regret (wouldn’t be the first time, that’s for sure).
Anyway, here is Royal Gold (RGLD), on a daily chart view, post-earnings.
To my surprise, I saw that I had previously projected a measurement of 198 with a break above 143. It’s a cruel world, this stock trading world (as I know all too well, having gotten hammered on a tech stock bottom feed speculation just today). It would have been a sadder day had I not added RGLD back, and it did this.
It’s important to set expectations ahead of time. “Am I trader or am I investor?”
Right now and for the foreseeable future (sector and macro-willing), in this stock I am “investor”.
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