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Portfolio shuffle, all in into gold!!
With inflation running, interest rates hike, covid lockdowns, a war & possible recession where would you invest?
A compelling case for a $GROY short squeeze - just getting started!
My transition to inflation gains. Where the puck is going.
Early DD. Beat the crowd for June FOMC. Fck $QQQ. Fck $GLD.
Play with the commodity super cycle: let us find miners!
Mentions
Can someone legit tell me why $FNV and $RGLD have lagged so much compared to gold? Their business model is so clean, their revenue is almost purely dependent on the price of gold (almost zero margin, very low fixed cost per ounce). They seem greatly undervalued if you assume that gold will stay above $3000-4000 per oz, which I think is highly likely in the medium term.
Franco Nevada $FNV is still priced where it was when gold was $2,600/oz. Seems extremely undervalued. What am I missing?
CEF and SGOL are gold. GLD is more paper gold. I like GDXY for gold exposure plus yield. The gold royalty companies are great FNV WPM etc.
If you buy gold R&S companies right now (FNV, RGLD, WPM) it's like buying gold at a 40% discount. Good medium term move if you want to buy the gold dip. Position: 10% of my risk capital in leaps on FNV and RGLD, will be averaging down.
Bless my GOOG and GAP calls that are bailing out my poor decisions with FNV and RGLD
Look to the gold and silver royalty companies like FNV WPM MTA OR etc. you get exposure to precious metals and some income in the meantime. PSLV for a liquid silver exposure.
I think there are about 6 viable / fair / value stocks this earnings week https://imgur.com/a/u5KeMwe IHS FNV B CAH CSCO PNNT
Gold, silver, and real estate are the hedges for a weak dollar. Bitcoin is another form of fiat money. Not backed by any real thing, just by consensus of users. I like the gold royalty companies like $FNV $WPM etc for gold/silver exposure.
Silver and gold bullion in your possession. Gold/silver royalty companies like $ FNV $WPM $MTA etc. $GDX etf for trading. $NAK for speculators
Gold royalty companies like $FNV $WPM $MTA etc.
Anyone look into Altius minerals (ATUSF)? They do streaming rights (similar to FNV) so it's a royalty play. However, they aren't focused on gold but on other mineral projects such as copper, cobalt, nickel, potash, etc. I can't find any other company that operates in that niche, but it seems like an interesting play on falling dollar/commodity super cycles.
$GDX for trading. $CEF for holding long term I like the gold royalty companies for long term hold, you get exposure to gold plus some interest income. Look at $FNV and $WPM for examples
Gold is considered an inflation hedge, when interest rates go higher gold usually goes lower due to the fact that gold does not pay a dividend or interest. It’s also a safe haven investment, so when there is turmoil and uncertainty in the market money moves into gold. I like holding the gold royalty companies like FNV, WPM, etc. you get exposure to gold and they pay dividends, which get higher with higher gold prices. I trade the GDX for quick in and out moves.
Love it! I am in FNV - took a huge hit today, still up 5% and not selling, since we'll be adding 5T in debt soon. This is just unsustainable...
FNV calls for earnings on 5/8
Gold miners- AU FNV AEM AGI GDX EGO GFI
I already live in California, and we seem to be moving away [from the rest of the US, so I guess this my life soon?](https://static.wikia.nocookie.net/fallout/images/6/67/FNV_NCR_Flag.png/revision/latest?cb=20220703110324)
I sold my gold stocks except $FNV and $FQVLF which are both doing quite well. Now that we hit 3k I expect a retracement back to 2750/2850 and even though gold companies are doing fine in that range gold stocks have followed gold lately so I got out of most but intend to rebuy.
Gold @ ATHs... get your GROY & FNV royalties before the rich buy it all.
Stocks that held up when the S&P dropped below 200dma and 5dma also held up over the last week while the market tanked, $FNV, $CRVO, $MO, $STRW, $GLD, $TW
Bought FNV calls because it’s Canadian.
# **TLDR** --- **Ticker:** GOLD, AEM, FNV, NEM, CGAU, KGC **Direction:** Up **Prognosis:** Buy gold mining stocks; they're undervalued, increasing production, and sitting on cash. **Author's Portfolio Performance (From Image):** Mostly Green, with AEM and KGC being significant winners.
FNV is especially interesting because they have rights to stream a major mine in Panama that is ready to go but shut down by the government. They've already wrote it off as a loss on their books but with the Panamanian economy declining and pressure from the US there is increased talks of reopening.
I like the gold/silver royalty companies. Look at FNV, WPM, OR, etc.
Okay, so I gotta ask. Why FNV? Their royalty agreements nets them only approximately 1-2% of production per site if I recall. Out of everything else you posted, this just seems so out of place. Since you're balls deep in miners, this is like throwing money into a savings account compared to everything else you have. If producing operations are truly where it is at, it seems more logical to just put money into miners that have both developing and producing sites, ignore all the dora the explorers, and ignore the royalty collectors.
I'm in FCX (gold/copper miner), AEM (gold miner), and FNV (gold royalties/streaming). I'm hoping that covers me.
Mining moves in bust and boom cycles, you primarily have to understand the cycles for each specific resource. And mining is generally a play for long term investors not wsb degens. Some of the companies here in your list are really struggling (e.g VALE, FNV, SAND) and are clearly undervalued, so you are buying the dip. But this could easily be a 5-10yr dip and they haven't hit the bottom yet
VST, TEM, AVGO, FNV, GOLD, and BABA get kisses from daddy today
I'm okay with GDX/GDXJ underperforming relative to gold as long as the financial statements demonstrate a consistent dedication to streamlining operations, reducing AISC, fleshing out exploration projects, and building up their cash base. The market always ignores miners until they become too attractive to resist. My disappointment is that the largest companies are dropping the ball in these areas, and the juniors - the subsector infamous for incinerating capital with no return - are making necessary changes to adapt sustainable cost structures. If NEM, FNV, etc. can't get the basics nailed down, why should anyone buy them with their bloated valuations?
As you can see, there are still some appealing deals but most of gold's future gains has already been priced in. This is the byproduct of investors crowding into the big names prior to 2024 only to crowd in more once the metal started soaring. People might talk about AAPL and NVDA being overpriced, but they have nothing on NEM or FNV. Now compare these to some of the smaller royalty companies and junior miners. |Name|Market Cap|P/E|EPS (FY24)|EPS (FY25)|EPS (I-DCF)|Disparity| |:-|:-|:-|:-|:-|:-|:-| |Altius|865|11.8|0.96|0.93|0.41|0.52| |EMX Royalty|212|13.5|0.06|N/A|0.06|0| |Endeavor|5,549|9.3|1.78|3.38|1.85|1.48| |Lundin|5,710|14.5|1.07|N/A|1.04|0.03| |Mayfair|150|5.7|0.30|0.40|0.12|0.28| |Minera Alamos|122|4.4|0.07|N/A|0.02|0.05| |Royal|9,206|17.6|4.44|6.44|0.13|6.31| |Sandstorm|1,731|23.9|0.09|0.26|0.45|\-0.19| |Thor Explorations|120|2.0|0.12|0.19|0.03|0.16| |Wesdome|1,360|15.7|0.70|1.06|0.90|0.16|
As you can see, there are still some appealing deals but most of gold's future gains has already been priced in. This is the byproduct of investors crowding into the big names prior to 2024 only to crowd in more once the metal started soaring. People might talk about AAPL and NVDA being overpriced, but they have nothing on NEM or FNV. Now compare these to some of the smaller royalty companies and junior miners. |Name|Market Cap|P/E|EPS (FY24)|EPS (FY25)|EPS (I-DCF)|Disparity| |:-|:-|:-|:-|:-|:-|:-| |Altius|865|11.8|0.96|0.93|0.41|0.52| |EMX Royalty|212|13.5|0.06|N/A|0.06|0| |Endeavor|5,549|9.3|1.78|3.38|1.85|1.48| |Lundin|5,710|14.5|1.07|N/A|1.04|0.03| |Mayfair|150|5.7|0.30|0.40|0.12|0.28| |Minera Alamos|122|4.4|0.07|N/A|0.02|0.05| |Royal|9,206|17.6|4.44|6.44|0.13|6.31| |Sandstorm|1,731|23.9|0.09|0.26|0.45|\-0.19| |Thor Explorations|120|2.0|0.12|0.19|0.03|0.16| |Wesdome|1,360|15.7|0.70|1.06|0.90|0.16|
I had a lot of NEM leaps that I rotated into FNV and GOLD https://www.reddit.com/r/wallstreetbets/comments/1g59xiu/nem_leaps_printed/?utm_medium=android_app&utm_source=share
> It's an interesting point. For what it's worth, I don't think of FNV as a deal, per say. Just a really solid longer-term company that's got a few potential catalysts. I guess my stance is based on the question, "*Why buy a gold stock over holding physical gold?*" The metal has no counterparty risk and no exogenous threats can depreciate its value. You'll never have a Victoria Gold situation where your investment is wiped out by one bad day or a legal decision in its jurisdiction. Since gold as an asset fluctuates so violently throughout the decades, the companies are not stable long-term investments. The big ones have regularly lost 70%-90% of their stock value at the nadir of cycles and stayed there for years. There are two main justifications: * Arbitrage between the current price and its current worth/future potential. According to whatever personal thesis you have regarding gold's future price, the disparity should widen appropriately. At heart it's value investing. * The passive leverage inherent in a gold company's operations. For the right companies, a 20% rise in gold's value can result in 3x profit margins and 4x FCF. With that philosophy, you're treating it as a growth company. With the exception of Agnico Eagle and Northern Star, the big companies don't fit the GARP profile and they're way too expensive to be value plays. > However, most of those have run by the looks of their charts. Still not badly priced though.... RGLD is around 16x P/E with a projected 50% EPS increase next year. With its main projects coming online, SAND's EPS will triple in 2025 and compress the multiple down to 8-9x. I think they have a lot of room to run, and they're not even the best in their field.
It's an interesting point. For what it's worth, I don't think of FNV as a deal, per say. Just a really solid longer term company that's got a few potential catalysts. However, thanks for pointing me towards some of the smaller names. I'll look into those, possibly to swap out the position if I'm really interested. However, most of those have run by the looks of their charts. Still not badly priced though....
My skepticism comes more from how surprisingly poor the major gold companies' fundamentals are compared to the mid-tier and junior miners. I did a fairly extensive inspection of the sector back in September, running their balance sheets through the CPA database I've brought up a few times here. If there's one thing I learned as a buy-side analyst, it's you can't trust the company balance sheet as presented. Not only are the likes of FNV, KGC, GOLD, WPM, NEM, etc. overpriced compared to smaller companies along several valuation metrics, but they're also less efficient in asset usage and have weaker earnings projections (YoY percentage wise) as well. The high premium they demand for margin of safety doesn't seem worthwhile when that's the *only* thing being priced in.
Yeah, there's something to be said for small names, and I like them too. FNV is the safer name, imo. Less upside, but it's tried and true. They've proven to be really good at what they do. For what it's worth, I have several smaller royalty names I'm also watching. Like I mentioned, backwards looking earnings are somewhat misleading on FNV as they had a monumental disruption to their business when cobre Panama closed...it was around 25% of their revenue. So yeah, they're still normalizing from that.
Yeah, but a competitor like Royal Gold or Sandstorm has meaningful growth prospects with much lower valuations. FNV has been consolidating for 4 years with no significant earnings growth, yet it's trading at 50 P/E (its real value, not the GAAP estimate).
I did hear that episode, though it's been really high on my to buy list for awhile now. I actually listened to that episode specifically for the FNV take, which is similar to mine.
Royalty streams are an excellent way to play gold. I'd like FNV a lot more if it wasn't wildly overpriced while GDX/gold and HUI/S&P are still at historically low levels.
Got into FNV this morning. Absolutely phenomenal royalty and streaming company. I don't think the market has given it any credit for the rise in gold prices, and they have an outside shot at Cobre Panama reopening.... And if none of those play out, I'm happy to just let it do its thing and build it's portfolio of mineral rights.
I've seriously dialed back my commodity names. I find them very hard to predict because the supply/demand dance can be a bit mysterious. There's a shortage, but there's not...no idea. I think there's great names in the commodity sector that are less volatile as they focus more on royalty streams. FNV, TPL, NRP, LB are a few. I'd love to add exposure there.
In light of a nice move by materials from China stimulus today .. I'm still very interested in FNV. They're a streamer, not a miner so there is a lot less volatility there (though also less upside). Also, they got decimated by the shit down of one of their streams, the Cobre Panama mine, which was nearly 20% of their business. However, that's now priced in. So they are a company that has fantastic margins, can generally compound at a mid teens rate, and had the added upside potential of Cobre Panama coming back online. Interesting play.
Anyone into FNV? They're a gold/materials streaming company. Super high margins and lower volatility than miners. Stock has been a dog lately due to problems at a mine in Panama that they get royalties from.... however it's been an awesome comp long term.
Yeah P/E’s are quite high for many of them. Not sure myself - got a very small amount of FNV on a pullback and VOXR before it jumped.
It’s a good idea to have a few silver and gold coins for insurance and as heirlooms. It’s good to have a little inflation protection in your portfolio. I like the gold and silver royalty companies in my portfolio. They give me exposure to another asset class and pay dividends. Look at WPM FNV OR etc.
I'm full porting into 3.5x leverage FNV, I'll see where it took me in a year as the fed cuts
That FNV call was a work of art
Based on WSB activity: Buy FNV, SOXS, CLOV, GOOG, ASTS, INTC
Fallout New Vegas FNV calls you say?
Buying Franco Nevada calls when the company is still recovering from its Cobre Panama loss… a true regard. Zero DD but dares to buy calls. Btw FNV is a good buy at this prices. Just don’t be a regard trying to time the market.
That’s what you get when you buy stuff like FNV! WTF is FNV??
"Truth is, the game was rigged from the start" -FNV
Investing in FNV because roaming the Mojave almost makes you wish for a nuclear winter 🐂🐂🐂
Look at the royalty companies like FNV and WPM. You get exposure to gold while getting some income. SAND and MTA more risky. OR is another one. $GDX is the only gold etf worth looking at.
My FNV calls hanging in there
I like SVOL during these volatile times. When markets bottom yield will drop. But in the meantime it’s a fair play. Long gold/silver royalty companies like FNV and WPM. I’d sell some very long term leaps on the QQQ to play downside.
I’ve been on this sub for a minute and goddamn this new era of FNV wannabe ber bool shit is cringe Play the fucking market
So with gold up some miners haven't moved much or struggled and then you see with their earnings okay in inflationary environment you have pretty significant input costs... fuel costs, employment costs, the global situation on edge for foreign mines etc. That makes sense, even with gold So high the benefits to these miners can become a bit of a wash and that makes sense. But then I was thinking what about gold royalty/streamers. I just dont know enough about some of these companies (rgld being one of the only ones I've invested in on and off over the years) to figure if they benefit much more significantly in this type of environment then say miners would. Not really looking for answers or anything just something I've been interested and looking at and learning more about an aspect of the gold industry. I'm thinking there's definitely something of value there looking at FNV earnings (though they did have one blackeye on the report from the cobre issue) but at the same time I just dont see them moving much outside of with gold price itself and miners looking through data and charts. Thats my pondering for the weekend. Don't know if anyone else looking at aspects of gold outside of directly owning gold or miners.
https://static.wikia.nocookie.net/fallout/images/c/c9/Benny_FNV.jpg/revision/latest?cb=20190829161352
My FNV 135’s are going to be like 3$ come Friday.
FNV 135’s are 10 baggers gents
China buying gold. Pump FNV
Gold: FNV 135c 5/19 you’re welcome regards
Here you go regard COIN 185p 4/26, cvna 64p 4/26, mstr 1050p 4/26, FNV 135c 5/19, ABNB 152.5p, snow 140p 4/26,SNAP 18c 4/26,NFLX 510p 5/3
Look at the oil royalty companies like CRT, VOC, etc. The gold royalty companies are hot now with gold going parabolic. WPM, FNV, SAND etc. I also like GNT and BSM now.
Gold trends for a while then it reverses. Gold/silver royalty companies like FNV WPM SAND MTA etc. give you income. At some point income becomes more important than capital appreciation. I also like GNT. BSM for other minerals.
The good news is, the rally isn't over, there will be plenty of more chances to hop on this train. $NEM is likely the best play for options as it's held in the biggest indexes and index ETF. I just think if FNV and WPM get upgraded to a few better indexes.
My FNV buys at 103 are spicy
Nice earnings yesterday from FNV and room to grow as the stock is $50/share off 52 week high. Gooooold!
Franco Nevada -gold financing streams - FNV Gold paper - GLD Junior gold miners etf - GDXJ
what do we feel about ROST and FNV, dump or pump earnings
It depends on what macro environment we are in. If we're in an inflationary environment and there is sudden disinflation due to a market crash, energy, and commodity-related equities tend to do well because the Fed cuts rates and weakens the dollar which leads to increased commodity stocks. Some of these companies also pay a high dividend. Safe plays in those sectors are: * ENB - Energy infrastructure company that operates in the US and Canada. * FNV or AEM - blue chip gold royalty company and blue chip gold mining company. * NEP - portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects + natural gas. * TECK - diversified metal miner including copper which is going to skyrocket with the energy transition demands. * WPM - royalty company heavily focused on silver royalties. Silver will also skyrocket when the fed cuts rates. It depends on what macro environment we are in. If we're in an inflationary environment and there is sudden disinflation due to a market crash, energy and commodity-related equities tend to do well because the fed cuts rates and weakens the dollar which leads to increased commodity stocks. Some of these companies also pay a high dividend.
Is this a FNV reference I’m too stoned to understand?
Look at gold and silver royalty companies. FNV WPM SAND MTA etc. NEM pays a decent dividend.
Silver and gold royalty companies give you exposure to silver while getting some returns. WPM probably leader in that. FNV, MTA, SAND. GNT mutual fund. SIL and SILJ for silver miners, riskier imho. PSLV and CEF are other vehicles.
Royalty and streaming companies of note Franco-Nevada Corporation (TSX:FNV) The number one royalty streaming company by market capitalisation Wheaton Precious Metals Corp (LSE:WPM, TSX:WPM, NYSE:WPM) The number two royalty company, focused on assets in the Americas Osisko Gold Royalties (TSX:OR) Focused on North America, holds 150 royalties, mostly in gold and precious metals Sandstorm Gold Ltd (TSX:SAND) Brought metals streaming products to a wider investment audience Altius Minerals Corporation (TSX:ALS) Also has royalties in base metals and other commodities
Keep them as financial insurance for a crisis. Depending on what year etc. they may have numismatic value. Pre 1933 are very collectible. You can use them as gifts or make a nice pendant with one. Investing in gold/silver royalty companies like FNV, WPM, SAND, MTA, etc gives you exposure to precious metals while getting some dividends. I like GNT also.
FNV is so gay. How is it dribbling at -15% monthly when it beats earnings and the gold price is soaring. Risk adverse boomer gold royalty company btw.
Look at the gold royalty companies as a way to have some gold exposure with dividends in the meantime. FNV, SAND, WPM, MTA, etc.
Probably going to all in FNV 130 calls.
GDX is a good buy around here. I like the gold royalty plays, FNV, WPM, SAND,MTA, etc. all making bottoms now.
Hmmmmmm, In order: GOLD hasn't performed well over the past 10 years, and currently has a negative trailing 12 month EPS. Why would this stock be a good buy if it can't turn a profit in an inflationary environment? WPM: Better, but again, you're buying something at a 32 PE (TTM) ratio based on all time high gold prices. FNV doesn't look horrible based on past performance. They make their money by offering a service of buying out the equity (via royalty or streaming) of other people's projects. It looks like a pretty good business! It still is somehow unprofitable over the past 12 months, but I'll withhold judgement before a longer deep dive.
I didn't see the sub and I thought this was a FNV meme
The only precious metals I own are through FNV and WPM. These are royalty/streaming companies that buy precious metals at a discount from miners. Their performance blows the actual metals out of the water and unlike gold, you get a small dividend too.
PHYS for physical gold. FNV for a good gold trust (like a miner but better).
If you look at the graph you can see the time period in which they did the share dilution was bearish. Like I said they were dealing with unfavourable macroeconomics and had to take action to stay afloat and push Magino completion. I know they also sold 2% royalties to FNV in exchange of 50 something millions. They recently sold a Mexican asset at a fair market price. If you dig in you can also see this company as a new CEO that has been buying into the company. From what I’ve read this man is THE MAN for this challenge.
I’ll have my next researching session that way. FNV was my pick to limit my exposure. It’s a royalties company. Streamer
Argonaut Gold Ltd They had a terrible 2020/2021 years with higher production cost 1800$ per oz and higher cost plus delay of their new project Magino located in Ontario and could turn into top 10 gold mines in Canada at 1k production cost per oz. They are currently moving away from their former operations in Mexico and are pretty much all in into Magino which is expected to have first pour in may and full operations by fall. From what I’ve read I decided to go in medium and large producers because they will be the ones profiting most from gold going up in the short term. I’m planning to funnel my gains into FNV. If you betting on gold staying good for a long time seabridge gold is also a good one. It’s got his ass sit on tons of gold. I’ll look into GDXJ but I promised myself not to touch anything till Tuesday. And I’m all in.
Foreign central banks are stock piling gold so they don't have to be dependent on the $ and maybe create their own reserve currency. Its a trend that is just getting started. I like physical (PHYS) and trusts (FNV). May turn out to be the trade of 23' like energy was in 22'.
I own FNV--- its a gold trust not a miner. Seems to out perform the miners. It comes recommended by Rick Rule who is just one of hte best commodity traders in the business.
EMX - best royalty play out there. Fully diversified across the world and across all metals. The next FNV.