Here's why they think Franco-Nevada (NYSE: FNV), Wheaton Precious Metals (NYSE: WPM), and Agnico Eagle Mines (NYSE: AEM) are the best gold stocks. Reuben Gregg Brewer (Franco-Nevada): I'm not a huge fan of precious metals miners because the basic business model tends to be fairly volatile, driven largely by commodity price swings. Streamers pay miners up front for the right to buy precious metals at reduced rates in the future.
The world's top cryptocurrency has some unique characteristics that give it an edge over the precious metal.
Risk aversion dominated markets on Friday as stocks slumped on Wall Street and in Europe, oil prices fell from seven-year highs earlier in the week and bond prices surged with traders scurrying for the relative safety of government debt. Poor subscriber growth reported late Thursday at Netflix Inc sent its shares plunging 21.8% and cast a pall over a market already shaken by concerns the Federal Reserve will tighten monetary policy too aggressively to fight inflation.