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Investing in gold stocks this July? 5 costly mistakes to watch for
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It’s difficult to overstate the importance of a well-diversified portfolio — and that’s especially true in today’s landscape. After all, the current mix of high rates and elevated inflation can have a big impact on the value of your investments, so spreading risk across various asset classes is crucial. And that’s precisely what a robust, diversified portfolio typically does: It spreads out the risk between a mix of traditional investments, like stocks and bonds, and alternative assets, with each playing a unique role in balancing risk and potential returns.
And when it comes to alternative assets, gold investing has long been one of the top choices. Known for its ability to act as a hedge against inflation and currency fluctuations, gold tends to perform best during times of economic uncertainty. And, its limited supply and enduring value make it an attractive option for those seeking to preserve wealth over the long term. Gold’s historically low correlation with other asset classes can also help smooth out portfolio volatility, providing a cushion during market downturns.
While physical gold bars or coins might be the first thing that comes to mind when considering gold investments, they’re far from the only option available. The gold market offers a diverse array of investment vehicles, including gold ETFs, gold mutual funds and gold futures contracts. And, gold stocks, which are shares of companies involved in the exploration, extraction and production of gold, are another option. These stocks can offer exposure to the gold market with added potential for growth and dividends. As with any investment, though, gold stocks come with some risks you should keep an eye out for.
Find out how the right gold investment could protect your portfolio.
Investing in gold stocks this July? 5 costly mistakes to watch for
Here are a few costly mistakes to avoid when investing in gold stocks this summer:
Overlooking company fundamentals
The price of gold significantly influences gold stock performance, but it’s not the only factor. Don’t make the mistake of assuming all gold stocks will perform equally well in a rising gold price environment. Each mining company has its unique operational efficiency, debt levels, production costs and growth prospects.
So, take the time to analyze individual companies’ financial health, management quality and project pipelines. And, remember that in the current market, companies with strong balance sheets and efficient operations are better positioned to weather potential economic headwinds.
Start comparing your top gold investing options online now.
Neglecting diversification within the gold sector
Even within the gold stock category, diversification is key. If you’re going to add gold stocks to your portfolio, don’t limit yourself by investing in a single gold mining company. Instead, consider spreading your investment across different types of gold-related stocks.
For example, you may benefit from looking into a mix of established producers, promising junior miners and even gold streaming companies. Each of these sub-sectors can react differently to changes in gold prices and market conditions, helping to balance your gold stock portfolio.
Chasing past performance
As we move into the second half of 2024, it may be tempting to look at which gold stocks performed well in the first half of the year and assume they’ll continue to outperform. However, past performance is not indicative of future results.
After all, the gold mining sector can be particularly volatile, with fortunes changing rapidly based on new discoveries, operational challenges or shifts in the gold market. Instead of chasing yesterday’s winners, focus on companies with solid fundamentals and growth potential that align with your investment goals.
Misunderstanding the relationship between gold prices and stock performance
While gold stocks generally move in tandem with gold prices, the relationship isn’t always straightforward. Factors such as production costs, operational efficiency and company-specific news can cause individual stocks to deviate from gold price movements. And, in times of severe market stress, gold stocks may initially fall along with the broader market, even if gold prices are rising.
So, understanding this nuanced relationship can help you avoid panic selling during short-term market fluctuations and maintain a long-term perspective on your gold stock investments.
Ignoring the broader economic context
Before putting money into gold stocks, it’s crucial to also consider the economic landscape you’re investing in. With recent shifts in monetary policy and geopolitical tensions affecting global markets, gold assets can experience increased volatility.
In turn, failing to account for these macro factors when investing in gold stocks could lead to poorly timed entries or exits. So, stay informed about global economic indicators, central bank policies and geopolitical events that could impact gold prices and, by extension, gold stock performance.
The bottom line
In today’s economic climate, gold stocks present an intriguing opportunity for those looking to diversify their portfolios and potentially benefit from economic uncertainties. However, success in this sector requires more than just a bullish outlook on gold prices. By avoiding these costly mistakes and approaching gold stock investments with a well-informed, balanced strategy, you may be able to better position yourself to capitalize on the unique benefits that gold stocks can offer.
A Qantas plane made an emergency landing Friday due to what the airline said was a “contained engine failure” soon after taking off from Sydney Airport, sparking a grassfire on a nearby runway and causing several flights to be diverted.
The Qantas flight, QF520, was bound for Brisbane and was circling for a “short period of time” before landing safely back at Sydney Airport, Qantas Chief Pilot Captain Richard Tobiano said in the statement.
There was no initial word on the number of people on board.
DAVID GRAY / AFP via Getty Images
“Qantas engineers have conducted a preliminary inspection of the engine and confirmed it was a contained engine failure,” the airline said. “While customers would have heard a loud bang, there was not an explosion.”
The Reuters news agency explains that in a contained engine failure, the engine’s parts stay inside the protective housing meant to keep them from flying out. If they do, they could cause severe damage to the main body of a plane.
Airservices Australia, the government’s aviation regulator, said the engine failure caused “a grass area adjacent to the runway to catch fire” that was swiftly extinguished by firefighters.
DAVID GRAY / AFP via Getty Images
The Airservices’ National Operations Management Centre enacted a 47-minute ground stop at Sydney Airport to ensure the plane could land as quickly as possible, the regulator said in a statement, adding that no one was hurt.
Reuters reports that the airport said all its runways had re-opened by Friday afternoon after the parallel runway had been closed for inspection because of the fire.
The aircraft is a 19-year-old Boeing 737-800, Reuters said, citing Flightradar24. That type of twin-engine passenger plane is designed to be able to fly using only one engine in an emergency, Reuters noted.
Passenger Georgina Lewis said she heard a “bang.”
“One of the engines appeared to have gone. The pilot came on 10 minutes later to explain that they had a problem with a right-hand engine on takeoff,” she told local outlet Channel Nine.
Another passenger, Mark Willacy, a journalist with Australia’s national broadcaster ABC, said the plane struggled to get airborne following the “loud bang” noise.
“That big bang as the wheels were leaving the ground and the shudder, that was like nothing I have ever felt,” he told ABC. “When we landed, there was a lot of applause and cheering amongst the passengers.”
Tobiano said his staff members were “highly trained” to respond to such emergency situations.
“We understand this would have been a distressing experience for customers and we will be contacting all customers this afternoon to provide support,” he said in the statement. “We will also be conducting an investigation into what caused the engine issue.”
Customers were being moved to alternate flights, Qantas said.
Eleven domestic flights were cancelled and four diverted to other airports, a Sydney Airport spokesperson said.
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Netanyahu sends 2 planes to Netherlands to bring out Israeli soccer fans after violence surrounding match in Amsterdam
Amsterdam — Leaders of Israel and the Netherlands on Friday condemned what they called antisemitic attacks on fans of soccer club Maccabi Tel Aviv before and after a Europa League soccer match between their team and Ajax, and Israel said it was sending planes to fly supporters home from the Dutch capital.
The violence erupted Thursday despite a ban on a pro-Palestinian demonstration near the soccer stadium imposed by Amsterdam Mayor Femke Halsema, who’d feared clashes would break out between protesters and supporters of the Israeli soccer club.
Amsterdam police had no immediate comment on the violence or numbers of arrests and injuries.
But Halsema said supporters of the Israeli team were hurt and the extent of the violence and number of arrests were still being sorted out, according to the Reuters news agency.
Agence France-Presse reported that a Dutch police spokesperson told the Dutch ANP news agency 57 people had been arrested.
AFP said social media platforms were inundated with unverified images supposedly showing the violence, but authorities offered few confirmed details.
AFP said AT5 reported that the clashes occurred around midnight with numerous fights and acts of vandalism in the center of Amsterdam. “A large number of mobile unit vehicles are present and reinforcements have also been called in,” AT5 said.
X/ iAnnet via REUTERS.
Details were unclear, but Israel ordered that two planes be sent to the Dutch capital to bring the Israelis home.
“The Prime Minister has directed that two rescue planes be sent immediately to assist our citizens,” said a statement from Benjamin Netanyahu’s office.
It added that “the harsh pictures of the assault on our citizens in Amsterdam will not be overlooked,” and that Netanyahu “views the premeditated antisemitic attack against Israeli citizens with utmost gravity.” He demanded that the Dutch government take “vigorous and swift action” against those involved.
Netanyahu’s office added that he had called for increased security for the Jewish community in the Netherlands.
Dutch Prime Minister Dick Schoof said on X that he followed reports of the violence “with horror.”
“Completely unacceptable antisemitic attacks on Israelis. I am in close contact with everyone involved,” he added, saying that he had spoken to Netanyahu and “emphasized that the perpetrators will be tracked down and prosecuted. It is now quiet in the capital.”
The Israeli Embassy in Washington said on the social media platform X that “hundreds” of Maccabi fans were “ambushed and attacked in Amsterdam tonight as they left the stadium following a game,” according to AFP. The embassy blamed the violence on a “mob who targeted innocent Israelis.”
Geert Wilders, the hard right nationalist lawmaker whose Party for Freedom won elections in the Netherlands last year and who is a staunch ally of Israel, reacted to a video apparently showing a Maccabi fan being surrounded by several men.
“Looks like a Jew hunt in the streets of Amsterdam. Arrest and deport the multicultural scum that attacked Maccabi Tel Aviv supporters in our streets. Ashamed that this can happen in The Netherlands. Totally unacceptable,” Wilders said.
Israel’s Ambassador to the United Nations, Danny Danon, also condemned the violence in a post on the social media platform X.
When Huntington Beach, Calif., detectives searched Rodney Alcala‘s Seattle storage locker during the murder investigation of 12-year-old Robin Samsoe in 1979, they discovered a cache of photos, many of them young women in suggestive, and even pornographic poses.
In March 2010, after a third jury in 30 years handed Alcala a death sentence, Huntington Beach police released more than 100 of those photos hoping to identify the women and some children, and learn if Alcala claimed still more victims.
Most of those who have been identified are alive and well.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
Unidentified women in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
Unidentified women in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified child in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified child in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
Unidentified women in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified child in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
Huntington Beach Police Dept.
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
Unidentified people in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified person in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified child in image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
An unidentified woman in an image from Rodney Alcala’s photo cache.
Serial Killer’s Secret Photos
Unidentified women in an image from Rodney Alcala’s photo cache.
Qantas plane returns to Australia airport, makes emergency landing due to engine failure
Netanyahu sends 2 planes to Netherlands to bring out Israeli soccer fans after violence surrounding match in Amsterdam
Maccabi Tel Aviv fans clash with reported pro-Palestinian protesters at Ajax Europa League match
Qantas plane returns to Australia airport, makes emergency landing due to engine failure