Gold miners’ exchange-traded funds are surging with gold powering higher. These mounting gains are naturally fueling growing interest in the leading gold-stock investment vehicles. Traders looking to deploy capital are wondering which major gold-stock ETF is superior, offering the best balance between upside potential, component fundamentals, and risks. GDXJ takes the crown, besting its larger big brother GDX.
By my count, there are currently 14 gold miners ETFs trading in US markets. But that’s not authoritative, as the broader ETF industry is constantly in flux. These gold-stock ETFs collectively held $17.5b in net assets as of the middle of this week. And two major ETFs utterly dominated, commanding fully 85.1% of all those gold-stock investments! Full Story
– Gold to outperform stocks again in 2019 as seen in 2018 and last 15 years – 15% to 20% gains for gold and 30% to 40% gains for silver quiet likely – Given scale of under valuation, strong fundamentals including robust demand and anemic supply and high level of risk, both precious metals are likely to surge in 2019 and 2020 Full Story
By: Rick Ackerman, Rick's Picks - 11 January, 2019
Look, I’m as skeptical as you are, a died-in-the-wool permabear who thinks the Dow will ultimately trade below 10,000. And I see the same ugly, seemingly unstoppable developments that you see: The housing and auto sectors are imploding, U.S. retailers’ holiday season is starting to look like a last hurrah, and a weak one at that; and the economies of Germany and China are entering a possible death spiral. It doesn’t help that companies that threw countless billions at share buybacks since stocks began falling in October lost their shirts. Full Story
Federal Reserve chairman has assured investors that Federal Reserve will be patient raising interest rates going forward. US dollar is weaker across the globe but has not nosedived. Investors are cautious as $1300 and $1600 are yet to be broken. If US government shutdowns into next week too, then it is just a matter of time that gold and silver will break past key resistances of $1300 and $1600. Full Story
By: Chris Waltzek, GoldSeek Radio - 9 January, 2019
The inordinately large global financial-bubble in paper assets as well as an inflated housing echo-bubble part II. The Federal Reserve may soon reverse monetary policy to shore up the housing market and domestic economy.
According to Shadowstats.com's economic-data revisions, the culprit remains understated inflation-figures, that vastly overstate the GDP numbers.
As the masses recognize the economic slight-of-hand, a panic for hard assets will inevitably ensue, sending overinflated paper assets into the abyss. Full Story
Big moves will be there in metals, energies and the US dollar Index only after the outcome of US-China trade talks are known. Till then, the consolidation phase will be there. Focus of the world in on a Chinese slowdown. Long term metal investors are on the sidelines as they expect slower and lower Chinese demand. Full Story
Given these historically low ratios of gold-platinum and platinum-palladium, I have chosen to buy platinum at times over the past three years. Note the additional mark-up for platinum is always a factor in my evaluation process.
I strive to maintain 10-20% of my net worth in physical bullion. Most is in gold but I always own some platinum and some silver, too. As a hoarder of gold and at times, other precious metals, my basic strategy is to buy during downticks in price regardless of bull or bear market cycles. Full Story
Focus will be on US-China trade talks and its result. Central banks are buying gold as per releases by the world gold council. Retail investors are waiting for more correction. Right now there is NO “herd mentality” to buy or invest in gold and silver. Full Story
GDX has gained 25% since the September lows while GDXJ has gained 22% since its November low. Gold has rallied over $100/oz since its October low and Silver has surged in recent weeks.
The Gold community is getting excited again. They think the equity market is doomed and Gold has started a real bull run. That may be true but in the interim there are questions on the sustainability of recent strength. Full Story
The yen, whose behavior corresponds closely to gold’s, began 2019 with a giant leap that slightly pierced the 0.94148 midpoint resistance of the pattern shown. This is bullish but would become still more so if the futures can close for two consecutive weeks above it. The 1.03755 target is already in play, but it would become a lead-pipe cinch to be achieved once the March contract is trading decisively above the red line... Full Story
Brexit news will be the key in January. Any postponement or new conditions will result in the cable seeing a sell off against the US dollar. Gold will benefit if there is uncertainty on brexit. Japan’s prime minister Abe says that Japan is watchful of risks to the global economic recovery. In fact every nation is watchful. This is the one reason that Asia policy makers have not given a clear indication of an interest rate cut either this month or next month. Full Story
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