|Bid||17.05 x 1800|
|Ask||17.09 x 1400|
|Day's Range||16.12 - 17.71|
|52 Week Range||16.12 - 95.14|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.22|
|Expense Ratio (net)||1.09%|
From the YFi Interactive touch screen, Jared Blikre joins Alexis Christoforous and Brian Sozzi to break down the latest moves in WTI Crude Oil futures (CL=F, CLQ19.NYM) and Gold futures (GC=F, GCQ19.CMX).
Gold is soaring this month. In other words, these are dangerous times to be dancing with inverse leveraged gold miners funds, including those targeting junior miners, but data confirm that is exactly what some traders are doing and they are making those bearish bets with the Direxion Daily Junior Gold Miners Index Bear 3X Shares (NYSE: JDST). JDST attempts to deliver triple the daily inverse returns of the MVIS Global Junior Gold Miners Index (MVGDXJTR).
Volatility and uncertainty has resulted in a strong demand for leveraged and inverse-leveraged ETFs as these could fetch outsized returns on quick market turns in a short span.
Gold and silver prices fell Thursday as investors switched to the U.S. dollar for safety. Use these inverse ETFs to profit from this theme continuing.
Although none of the 11 GICS sectors fared particularly well in 2018, the materials sector faced some of the harshest headwinds. Companies aiming to develop and process raw materials were battered by the uncertainty surrounding trade battles between China and the U.
Gold ended 2018 on a torrid pace, lifting shares of miners and the related exchange traded funds (ETFs) in the process. The MVIS Global Junior Gold Miners Index (MVGDXJTR), a widely followed benchmark ...
Thanksgiving week didn't get started with much to be thankful for on Monday as volatility decided to crash the pre-Turkey Day festivities, but with still three market sessions left in this short week, a rally could be brewing. The S&P 500 and Nasdaq Composite didn't fare much better with both falling 45 points and over 200 points, respectively. “People put a lot of faith in tech companies to drive the markets higher, and to the extent that’s not happening, that’s very disappointing,” said Chris Zaccarelli, chief investment officer at the Independent Advisor Alliance.
Benchmark Treasury yields retreated today as government debt issues took a reprieve from their ascent last week, which put downward pressure on U.S. equities. The strength in the greenback combined with rising rates have already pumped the brakes on gold prices rising, but now rising yields have also suppressed any price increases in the precious metal. This spike in U.S. government debt yields has certainly benefitted these five ETPs with their strong year-to-date performances. 1.
As has been widely documented, gold miners stocks and the related exchange traded funds are getting drubbed this year. The VanEck Vectors Gold Miners ETF (NYSEArca: GDX ), the largest exchange traded fund dedicated to gold mining stocks, entered Monday with a year-to-date loss of more than 22%. An overlooked scenario is one of the reasons why gold mining equities are flailing this year.
The dollar got some news it didn't want to hear on Thursday when the U.S. Commerce Department reported that the consumer price index (CPI) rose during the month of August albeit at a slower pace than the previous month, reflecting the first slowdown in the past year. Rather than investing in gold directly or trading its spot prices, investors can use leveraged ETFs to amplify their gold plays, such as the Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG) . The Commerce Department reported that the Consumer Price Index (CPI) rose 0.2% during the month of August, but fell short of the expectations set forth by polled economists who forecasted a gain of 0.3%. The prevailing sentiment in the capital markets thus far is that the Federal Reserve is expected to raise the federal funds rate two more times before the end of 2018–whether or not the latest inflation numbers are enough to give pause to that notion remains to be seen.
With gold prices slumping, mining stocks and the related exchange traded funds are feeling the heat. Over the past month, the VanEck Vectors Gold Miners ETF (NYSEArca: GDX), the largest exchange traded ...
Gold prices are faltering and that is plaguing exchange traded funds tracking shares of gold miners. On Wednesday, the VanEck Vectors Gold Miners ETF (NYSEArca: GDX), the largest exchange traded fund dedicated ...
Gold recorded the fourth consecutive monthly decline, representing the longest stretch of losses since 2013. Here are the ways to go short on the yellow metal with ETFs.