Kinross Gold and time to sell gold stocks.

Today we will be talking about Kinross Gold.
What will you find in this video:

1-Company overview and company mining facilities 00:37
2-Company financial statement 16:49
3-My holdings of Kinross Gold 20:04
4-Market timing and time to sell gold stocks 22:22
Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates eight active gold mines, and was ranked fourth of the "10 Top Gold-mining Companies" of 2017 by InvestNews.
The company's mines are located in Brazil, Ghana, Mauritania, Russia and the United States.
It trades under the KGC ticker in the New York Stock Exchange and under K in the Toronto Stock Exchange.
Kinross Gold Corporation was founded in 1993 following the merger of three companies: Plexus Resources Corporation, CMP Resources and numbered company 1021105 Ontario Corp., resulting in the new company owning a stake and royalties in a mining property in Fallon, Nevada and the QR Mine in British Columbia. Numbered company is basically the number assigned to the company when registered and used as a name of the company.
On June 1, 1993, Kinross was listed on the Toronto Stock Exchange and NASDAQ, then on the New York Stock Exchange in 1994.
Kinross' first project – now operated by its subsidiary Fairbanks Gold Mining – was the Fort Knox Gold Mine, an open-pit mining operation in Alaska. The area, including surrounding deposits, was first discovered as early as 1913, but no mining took place until 1996.
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Market timing generally is not recommended and usually doesn’t work but if you really want to try there are certain factors which can help you to do it.
I will base this on my market timing techniques.
Recently I sold part of my S&P 500 index fund which I had for the around 10 years.
Time when I sold was when the price per share was really almost at the highest point so far at $322 and $324 and I sold on August 27 and August 28. 2020.
Right now the price went down to around $310 per share.
The reason when I sold at this time I felt that so many people were buying all stocks and index funds and the price seemed too high to continue to go up and fortunately I was right. Since I sold part of my S&P 500 index fund shares price went down 4 %. The reasons for selling was that I needed funds to buy some uranium stocks. Energy Fuels and Cameco. Exact time when I sold was based on my feelings about the market, not on any metrics and numbers. Price seemed to me artificially high and this gave me a clue to initiate a sell.
Now let's talk about selling gold stocks. It will be a similar situation, prices of stocks will go extremely high and this will indicate a good time for sale. You may ask how high. Look at the charts for past high prices of the particular stock. For example, for Yamana Gold the highest price was $20. For Barrick gold it was around $54 for Anglo Gold Ashanti it was $59.
One more indicator for selling gold stocks will be the mining clock. Guys who did mining clock are true pros. and no question about this. I will pay attention to what they will say about the gold industry cycles.
But ultimately the decision about selling gold stocks will be based on my general feelings about the market. When I see that people are buying like crazy gold bullion and gold stocks that will be indication that time is coming to initiate the sale.

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Disclaimer:
Please be advised that I'm not an financial advisor nor financial professional. I'm not here to tell you what you should invest in and what kind of stocks to buy. Always do your own research and consult financial professional before buying any investments. All of my videos are strictly for educational, entertainment and informational purposes.

Disclosure:
Some of the links here are affiliate links and if you buy something using this links I may earn small commission with NO additional costs to you. Those funds I'll use to make better quality content for you and I'll pay for English tutor so my language doesn't sounds so terrible like right now and I'll make less grammatical and accent mistakes. Thanks to this you'll enjoy more watching my videos in the future!

Видео Kinross Gold and time to sell gold stocks. канала Very simple investing