Royal Gold and Texas Pacific Land Track Commodity Swings

Texas Pacific Land and Royal Gold, two stocks pitched in January as part of the "29% Account" strategy, have tracked the swings in oil and gold prices since the ad ran, the Friday File newsletter said this week.

TPL shares moved with oil price expectations. RGLD mostly fell, tracking the decline in the gold price. TPL owns Permian Basin land and collects oil and gas royalties. RGLD buys gold and silver streams from mines, giving it exposure to the metals without the cost of mining. The two companies show how royalty and mineral-rights firms are levered to their underlying commodities. The commodities analysis page tracks the broader sector.

The newsletter's author said they still expect the dollar value of gold and oil to rise over time. They have been slowly building their TPL position, including a purchase this week. The author cited the war with Iran, inflation, a technology transition, global decoupling, and policy changes as reasons for the uncertainty that makes near-term direction hard to call. They said they are maintaining an overweight in natural resources stocks and making only company-specific adjustments on the margins.

Royal Gold (RGLD stock page) has an Alpha Score of 70 out of 100, with a moderate label. The stock sits below its early 2025 highs. The streamer's low-cost structure allows it to generate cash flow at current prices.

The newsletter author bought more TPL this week. They said they expect oil and gas to rise in dollar terms over time. The purchase aligns with their stated overweight in natural resources stocks.