RE:KL cheap I agree that KL is a buy at this point. Her is my rules for buying and selling any stocks.
As investor you need to have lot of patience and rules for trading.
KL Daily Chart
https://stockcharts.com/h-sc/ui?s=KL&p=D&yr=1&mn=0&dy=0&id=p75914869757
KL Weekly Chart
https://stockcharts.com/h-sc/ui?s=KL&p=W&yr=3&mn=0&dy=0&id=p27305427084
CTM - Chande Trend Meter
Rule of buying and selling:
Look at both daily and weekly charts as listed above.
When to buy : When CTM on "daily" chart is around 10 and at the same time on "weekly" chart CTM is around 20 or less. We are in very oversold conditions.
I also look to see if MACD is on daily chart is turning positive.
When to sell : When CTM on "daily" chart is over 90 and at the same time on "weekly" chart CTM is over 90 and starts to trend downwards.
I agree that KL is a buy at this point. I entered to trade in the morning when the price was low. I also bought long term LEAPs calls too.
So the PE is 12 and dividend is 1.60%. ( like 10 year bond yield).
One of the lowest cost gold producers. It has about $800 million in cash. Everybody is looking for Fosterville type deposits.
So why not buy the Kirkland even though its Fosterville is being depleted.
I always trade in and out of gold stocks to reduce my cost. I may sell some of the shares and ride out the LEAPs calls.
This is the second time I am buying KL. First time was in April 2019 as per indications of daily and weekly charts. See if you can determine
when I sold KL by looking at both daily and weekly charts.
I also traded both SLV and NUGT based on the charts.