Despite widespread media bias against it, the gold mining sector has continued to provide intrepid investors with impressive returns. As a matter of fact, the exchange-traded funds (ETFs) that track the NYSE Arca Gold Miners Index have held true to form by outperforming spot gold itself.
Primarily due to profit-taking and consolidation, the gold price slumped back to $1,230/oz after trading above $1,250/oz earlier in week. This pullback clearly impacted the various gold-backed ETFs as well as ETFs tracking gold mining companies (such as NUGT and GDX). We’ll take a look at the difference between these two distinct types of funds. […]
If you’re following the SPDR Gold Trust (GLD), you’ve probably never seen a speculative position quite this big on the exchange-traded fund (ETF). According to research conducted by CNBC, “The trader purchased 10,000 July 125-strike calls for $2.29. Since each call option accounts for 100 shares, this a $2 million bet that the GLD will […]
Silver never goes out of style. The same appears to be true of the iShares Silver Trust (SLV). This is what investors continue to signal to the financial markets. No matter how much downward pressure the big players (institutional investors, i.e. megabanks) put on the price of silver, the Average Joe investors simply pile up […]
For those who like to take their chances in the “paper gold” markets rather than holding physical metal, the first quarter of 2016 has been rather kind to the intrepid investor.
“Gold stocks” typically refer to exchange-traded products backed by gold, but the term can also be taken in a broader sense to include gold miner ETFs and even shares of gold mining companies. Broadly, these various forms of “paper gold” are the stock markets’ way of giving equity investors exposure to gold.
Wednesday was a less than inspiring trading session for the major players in the gold ETF market, as exchange-traded funds like the iShares Gold Trust (IAU) and its larger counterpart, the SPDR Gold Shares (GLD) each sank about 2%. The same could be said for the next-largest gold ETF, the ETFS Swiss Physical Shares (SGOL), […]
In spite of persistent calls for the imminent end to the gold rally so far in 2016, the gold bulls simply keep trucking along. The popular SPDR Gold Trust (GLD), the largest gold-backed exchange-traded fund (ETF), has yet to lose its luster for investors. It has in large measure become the preferred safe haven for […]
The iShares Silver Trust (SLV) is the most prominent exchange-traded fund (ETF) that tracks the silver market. Like its counterpart in gold, the iShares Gold Trust (IAU), the fund is backed by a physical stockpile of silver bullion. This cache of physical silver rises or falls based on whether the fund is seeing net seller […]
As has been well-documented over the last several decades, there is never a shortage of “knowledgeable” people in the finance industry who are calling for gold’s imminent demise as an asset. This always seems to be a fixture in the markets, no matter how many times gold demonstrates its ability to withstand economic turmoil and […]
As goes the gold market, so goes the increasingly popular Direxion Shares ETF (NUGT). Like most ETFs, trading for this fund is tied very closely to the performance of the gold price. Accordingly, it’s been an up-and-down week for NUGT. However, the fund looks to close the week on a strong note following a rally […]
Gold is once again reigning supreme as the most attractive asset on the markets. As a result, traders are piling into positions in the various exchange-traded funds (ETFs) that are backed by physical stockpiles of bullion.
In the absence of a momentous realignment of the global economy, the U.S. and its international counterparts are stuck in stagnation. The precious metals market offers the perfect reflection of the negative sentiment of the global markets right now.
Movement in the market for exchange-traded funds that are backed by precious metals has been lively lately, to say the least. Not only have gold prices consistently risen over the course of 2016, but the entire mining industry has been lifted by this action.
There’s no doubt that gold has been the premier asset thus far in 2016, far outpacing all other markets that seem increasingly shaky. Even as most analysts were calling for the precious metal to continue falling, the bulls have consistently outnumbered the bears in the gold market. With so much momentum at their backs, gold […]
Making bets against the gold price and gold-backed assets like the iShares Gold Trust (IAU) has become the most precarious strategy on the markets. Before the calendar crossed over in 2016, the opposite was true: you seemingly couldn’t go wrong if you shorted gold. However, the massive short interest against precious metals on Wall St […]
Over the course of 2016, gold ETF holdings have been a major story in the financial news cycle. In contrast to virtually all other asset classes, the continued rise of gold ETF holdings has brought an increasing number of investors to the safety of precious metals. One important question that investors large and small ought […]
The SPDR Gold Trust (GLD) is easily the largest exchange-traded fund that is backed by gold or any other gold-related asset (like a mining stock). In early trading today, the fund is up 0.75%, but the technical analysts who follow the trends are especially bullish on the ETF.
There has been a vast turnaround in the market for ETFs (exchange-traded funds) that are backed by gold. This has been the opposite of the preceding three years that saw steep losses for funds like the SPDR Gold Trust (GLD), the Market Vectors Gold Miners ETF (GDX), the Direxion Shares ETF Trust (NUGT), and the […]
The gold ETF market endured a rough-and-tumble stretch during much of 2015. This extended the sector’s losing streak that stretched back to 2013, when the price of precious metals began a multi-year slump. The landscape finally started to improve late last year, and has continued as gold prices recovered significantly to begin 2016.