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Sunday Watchlist

Week of August 12, 2019

Panic returned last week.

For one, the trade war is showing no signs of abating.  In fact, President Trump’s new 10% tariffs on $800 billion worth of Chinese imports are expected to hit on in the next four weeks.

Two, the 10-year Treasury yield dipped back below 1.7% on global growth fears.  

As a result of increased tension, investors are pushing back into the safe havens of gold.  In fact, early Friday, gold prices were back at $1,500 an ounce with sights set on $1,600, even $2,000 this year.  Analysts at Goldman Sachs believe gold could rally to $1,600 in the next six months.  Bank of America Merrill Lynch sees $2,000 gold in the next two years.  

And UBS AG believes we could see gold rally to $1,600, as well.  

As long as fear grips the market, we’re likely to see higher gold prices, and volatility.

As we wait to see what happens next, some of the most interesting opportunities include:

Opportunity No. 1

Barrick Gold (GOLD)

As trade war fear grips the market, investors are heading back into the safe haven of gold. In fact, it’s why gold prices just hit $1,503 an ounce for the first time in six years last week. The stock may have already exploded from $11.50 to $18 since June 2019, but given global uncertainty, this may just be the start of a bigger move.

Opportunity No. 2

 Newmont Goldcorp Corp. (NEM)

NEM is another top gold stock seeing a good amount of momentum, as the global economy begins to show signs of further deterioration. NEM has also exploded in recent months from a low of $30 to more than $39, but global tensions are likely to send it higher.

Opportunity No. 3

VelocityShares Daily 2x VIX Short-Term ETN (TVIX)

We mentioned this opportunity last week, and still believe it’s a great way to trade volatility. The TVIX is another great way to trade elevated volatility. This ETF tracks an index of futures contracts on the S&P 500VIX Short-TermFutures Index. As volatility ticks higher, the TVIX ticks higher.