|Bid||28.24 x 800|
|Ask||28.26 x 46000|
|Day's Range||28.13 - 28.61|
|52 Week Range||17.28 - 30.00|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.28|
|Expense Ratio (net)||0.53%|
As Treasury yields continue to skydive, gold price levels could go through the roof as the scrambler for safe haven assets continues amid the latest market volatility as trade wars between the U.S. and China rage on. This could provide more gains for gold-focused exchanged-traded funds (ETFs) as analysts are predicting that the precious metal could shoot past the $2,000 per ounce price mark. The weakness in the U.S. dollar caused gold to climb, but the case for the precious metal is also coming from the bond markets.
Mom is giving me the silent treatment.Source: Shutterstock Three weeks ago, I talked her out of buying gold stocks. That looked like a smart move at the time. The gold sector fell nearly 5% within just a few days of that conversation. But rather than continuing lower, gold stocks reversed and exploded higher.The sector is now at its highest level in three years.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe VanEck Vectors Gold Miners Fund (GDX) is up 7% in two weeks. All of mom's friends are talking about how they plan to spend all the money they're going to make during this gold rally. Mom just sits there quietly, smiling politely while seething with anger at her son."That's okay," I said as I left Mom my third voicemail message, "we've been through this before. And, just like last time, you'll see things differently by the time you visit for Thanksgiving." * 7 Safe Dividend Stocks for Investors to Buy Right Now The last time Mom wanted to buy gold stocks was way back in July of 2016. I remember it well because that was the first time in my entire career as a trader that I felt comfortable enough to actually short gold.You see, I love gold. I own a bunch of it. I always try to buy it on dips. And, as I have argued for at least two decades, the price of gold will be much higher in the future than where it is today. So, it is a necessary investment for the long term.In my trading account, though, none of that matters. I'm looking to profit off of short-term moves. And in July of 2016, the most obvious short-term trade I could make was to short gold.At the time, the commercial traders (a.k.a. the smart money) were net-short 316,000 gold futures contracts. That was the largest short position in the 20 years I had been following the Commitment of Traders (COT) report. So, the smart money was betting - BIG TIME - on a decline in the price of gold.This was happening while the price of gold was screaming higher. The public was rushing to get into gold at any price. Financial television talking heads were unanimously bullish on the metal. And then, Mom called me and wanted to buy gold stocks.You could not have painted a more potentially bearish picture - from the contrarian perspective.So I shorted gold. I placed a big bet that gold would be lower by Thanksgiving.And, of course, as always seems to happen on big bets, the trade went the wrong way.The gold rally continued higher into August. Commercial traders increased their net short position to 340,000 contracts. Mom stopped talking to me back then - just as she's not speaking to me now.But, I stuck with my short gold trade.It wasn't easy. Contrarian trades never are. When it seems like the entire world is moving in one direction, it is remarkably hard to run the other way.But, those tend to be the most profitable trades. And, they also tend to be the most satisfying. They take you from one emotional extreme - where it feels like the entire world is against you and your Mom won't even take your phone calls - to the other extreme, where you just smile silently and collect your profits.Gold peaked in early August 2016. It fell nearly $200 per ounce by the end of November.Right now, Mom is giving me the silent treatment - just like she did in 2016.I can't wait for Thanksgiving.Best regards and good trading,Jeff ClarkP.S. The Final Phase of the 5G Boom: How to Stake Your Claim Before It's Too Late"On October 1st, the biggest 5G growth phase is set to begin. Up to $12.3 trillion will be unleashed, and dozens of tiny stocks could soar. Join me as I reveal my script for finding the best 5G plays before they go parabolic." -- 5G expert Jeff BrownMore information here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post Jeff Clark's Market Minute: Mom Is Mad appeared first on InvestorPlace.
The collapse of interest rates worldwide to zero and below suggests a financial world that is dark and cold. Yet the plunge in bond yields to historic lows correspondingly results in high values for many assets.
The U.S. stock market stepped back from the cliff’s edge with a key reversal Wednesday. Please click here for an annotated chart of iShares 20+ Year Treasury Bond ETF (TLT) For the sake of transparency, the second and third charts were previously published and no changes have been made.
With gold futures residing at the highest levels in six years, gold miners and the related exchange traded funds are benefiting. For example, the VanEck Gold Miners ETF (GDX) is higher by nearly 13% just this month, bringing its year-to-date gain to about 36%. The precious metals mining industry has also been on the road to improved efficiency as they cut costs, increase production and raise more money.
Gold prices on Tuesday finish regular trade modestly higher, marking a third straight gain a day after the precious metal extended its rally toward fresh six-year highs, amid escalating trade policy tensions between China and the U.S.
The stock market took a gut punch recently as a number of on-again, off-again headwinds started to blow at the same time. Investors quickly turned tail, seeking out more protective positions. Unsurprisingly, this trend led to an influx of inflows into some of the best defensive exchange-traded funds (ETFs).The Federal Reserve knocked Wall Street off-balance with a recent quarter-point drop in its benchmark Fed funds rate. Yes, it was the first such cut since the Great Recession. But some investors were hoping for a deeper reduction, and Fed Chairman Jerome Powell's subsequent press conference kept experts guessing about whether future rate cuts were any more or less likely.The U.S.-China trade war escalated next. At the start of August, President Donald Trump threatened to slap a 10% tariff on another $300 billion in Chinese imports effective Sept. 1, prompting Beijing to threaten retaliation. So far, China has announced it will suspend imports of U.S. agricultural products and let its currency, the yuan, tumble to an 11-year-low. The latter move is expected to agitate Trump, who has accused Beijing of currency manipulation in the past.Standard & Poor's 500-stock index dropped quickly, losing almost 4% between the July 30 close (the day before the Fed announcement) and the Aug. 5 market open. Some investors are going to cash - but others are seeking out areas of the market that might rise as the market falls, or places to collect dividends while waiting out the volatility.Here, we examine 11 of the best ETFs to buy if you're looking for portfolio protection. This relatively small cluster of funds covers a lot of ground, including high-dividend sectors, low-volatility ETFs, gold, bonds and even a simple, direct market hedge. SEE ALSO: The Kip ETF 20: The 20 Best Cheap ETFs You Can Buy
Precious metals miner sector-related ETFs rallied on Monday as investors turned to safe-haven plays like gold and silver to stick out the sudden volatility triggered by trade war fears. Among the best ...
New York, NY, based Investment company Broadmark Asset Management Llc (Current Portfolio) buys SPDR S&P; 500 ETF Trust, VanEck Vectors Gold Miners ETF, sells PowerShares QQQ Trust Ser 1 during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Broadmark Asset Management Llc. Continue reading...
Gold miner stocks and sector-related ETFs surged late Thursday as investors turned to the precious metal in the wake of President Donald Trump’s sudden threats of additional tariffs on Chinese goods. The ...
As widely expected, the Federal Reserve cut interest rates by 25 bps for the first time since the 2008 financial crisis. We have highlighted ETFs & stocks from sectors that are expected to skyrocket on lower rates.
With earnings recession worries in the U.S. paired with a global economic slowdown, talk of alternative assets are permeating the capital markets more often than not, making way for a three-way battle between gold, silver and leading digital currency Bitcoin. Silver has rallied to new highs as of late, but some think the steam will eventually run out on the precious metal.
As the Federal Reserve ponders a possible rate cut following its meeting near the end of the month, gold bulls are lying in wait and ready to pounce with leveraged exchange-traded funds (ETFs). Funds like the Direxion Daily Gold Miners Bull 3X ETF (NUGT), VanEck Vectors Gold Miners (GDX) and the Direxion Daily Jr Gold Miners Bull 3X ETF (JNUG) are certainly in play. “Gold, for most parts, is steady as we are on hold until we get to the Fed meeting.
Gold price’s reversal this year has created opportunities in gold stocks. The SPDR Gold Shares ETF (GLD) had gained 11% year-to-date as of Friday.