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Whether you're a jewelry person or not, there's a good chance you have yourgo-to pieces that you constantly gravitate towards
The oft-overlooked materials sector is a cyclical group and a small slice of the broader U.S. equity market, but for tactical investors, there are some compelling opportunities in this group.That includes mining stocks and the related exchange-traded funds (ETFs). Mining ETFs are considered industry funds and many are more volatile than traditional materials ETFs. While materials funds are usually heavily allocated to chemicals makers, investors willing to take on the added volatility associated with mining ETFs can access more focused assets, including precious metals miners, coal, steel and more.Another element investors need to acknowledge with mining ETFs is the array of factors that can affect these investors. Those factors include the strength of the U.S. dollar, international trade deals, geopolitical events and the strength of emerging markets economies.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Oversold Stocks to Run From For investors willing to add some more risk to their portfolios, here are some mining ETFs to consider. VanEck Vectors Gold Miners ETF (GDX)Expense Ratio: 0.53%, or $53 annually per $10,000 investedThe VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) is not just the largest gold miners fund, it is one of the dominant names among mining ETFs of any stripe. Investors that are familiar with GDX and other gold mining ETFs know that simply because spot gold prices are rising, that does not mean miners will join in on that action.However, arguably the biggest risk with gold miners equities is that these stocks will overshoot the declines in spot gold. That scenario is happening right now. The SPDR Gold Shares (NYSEARCA:GLD) is lower by 2.68% this month, but GDX is down 7.78% over the same period and is in danger of falling below its 200-day moving average."The gold stocks are mired in something of a psychological limbo these days," reports Mining.com. "They aren't exactly out of favor, but there's little enthusiasm for this sector. Investors and speculators have largely lost interest for technical, sentimental, and fundamental reasons."Year-to-date, investors have pulled $1.36 billion from GDX. SPDR S&P Metals & Mining ETF (XME)Expense Ratio: 0.35%The SPDR S&P Metals & Mining ETF (NYSEARCA:XME) is a diverse mining ETF. This equal-weight fund, which is nearly 13 years old, targets the S&P Metals and Mining Select Industry Index.The $433.35 million XME "seeks to provide exposure to the metals & mining segment of the S&P TMI, which comprises the following sub-industries: Aluminum, Coal & Consumable Fuels, Copper, Diversified Metals & Mining, Gold, Precious Metals & Minerals, Silver, and Steel," according to State Street.XME holds just 29 stocks, more than half of which are steelmakers. Domestic steel stocks have benefited from the White House's tariff's on foreign steel, but that news has already been baked into those stocks. * 10 Stocks to Sell Before They Give Back 2019 Gains XME is a credible mining ETF for tactical traders with elevated risk tolerance. Over the past three years, this mining ETF's average annualized volatility was 27.30%, or 1,200 points above the same metric on the S&P 500 Materials Index. Global X Lithium & Battery Tech ETF (LIT) Expense Ratio: 0.75%The Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) is often viewed as more of a thematic fund than a dedicated mining ETF, but several of LIT's 39 holdings actually do mine and produce lithium. While LIT has been a roller coaster ride for a while now, as highlighted by a 12-month loss of 15%, this is arguably one of the more compelling mining ETFs.Traditional mining ETFs focus on companies that are engaged in old school industries, such as coal mining and steel production. Conversely, LIT is at the epicenter of some futuristic trends, including the global shift to electric vehicles, which are powered by lithium-ion batteries."Battery metals tracker Adamas Intelligence says that in February 2019, 76% more lithium carbonate equivalent (LCE) was deployed worldwide in batteries of new electric, plug-in hybrid and hybrid electric passenger vehicles compared to the same month last year," reports Mining.com. "The Dutch-Canadian research company, which tracks EV registrations and battery chemistries in more than 80 countries, says among all metals and materials found in EV battery cathodes, lithium use saw the greatest gains."With electric vehicles just a few years away from meeting traditional automobiles in terms of price synergies, LIT is one of the most compelling mining ETFs in terms of favorable long-term fundamentals. Invesco S&P SmallCap Materials ETF (PSCM)Expense Ratio: 0.29%As its name implies, the Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) is a materials fund, not a dedicated mining ETF, but the fund does have some mining exposure and represents a solid choice for investors looking for mining exposure without the commitment of a fund explicitly dedicated to this industry.PSCM's 34 member firms "are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals," according to Invesco. * 7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns More than 17% of PSCM's holdings are considered mining companies. Nearly 36% of the mining ETF's components are classified as value stocks while more than 29% are considered growth stocks. PSCM is beating the large-cap XLB by nearly 800 basis points YTD. Global X Silver Miners ETF (SIL) Expense Ratio: 0.65%Many of the same dynamics that apply to gold and gold mining ETFs apply to silver and the related miners. That makes sense because silver often follows gold in either direction. Currently, that is problematic for the Global X Silver Miners ETF (NYSEARCA:SIL), which is lower by nearly 11% this month.What is concerning about SIL's price action this year and that of silver itself is that the global economy is mostly strong. That should benefit silver because about half the demand for the white metal is industrial demand. Additionally, some market observers argue that the silver market is not in a supply deficit despite reports to the contrary. If there were a legitimate supply deficit, then silver and the related mining ETFs would likely be displaying better price action.For the seven trading sessions ending Tuesday, April 23, SIL closed lower on six of those days and now resides about 5.50% below its 200-day moving average. This is a mining ETF for traders to keep on their radars, but being in it right now is a risky bet at best.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post 5 Mining ETFs to Dig Into appeared first on InvestorPlace.
More than 40 million people around the world work in artisanal and small-scale mining where minerals including gold, diamonds and cobalt are dug up often by hand, a report by the World Bank and development organisation Pact said on Wednesday. Increasing demand for metals and rising prices have triggered a boom in small-scale mining in recent years, mainly in poorer countries in South America, Africa and Asia. Billions of dollars worth of gold is being smuggled out of Africa, a Reuters investigation found this week.
The S&P 500 did very little during the trading session on Wednesday, as we hover just below the all-time high, so therefore it’s not a huge surprise that we took a break as we had the impulsive session on Tuesday.
Based on the early price action and the current price at 2937.00, the direction of the June E-mini S&P 500 Index the rest of the trading session is likely to be determined by trader reaction to the steep uptrending Gann angle at 2937.50.
Based on the early price action and the current price at $65.85, the direction of the June WTI crude oil futures contract the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at $65.65.
Futures for Canada's main stock index inched lower on Wednesday, ahead of Bank of Canada's interest rate decision and amid a drop in oil prices and global equities. June futures on the S&P/TSX index were ...
The loonie pair recorded new monthly levels. The Crude Oil WTI Futures showed a moderate performance. The pair traded well above the 200-days significant SMA triggering a bull call. The US-Sino trade reported positive updates giving support to the growing loonie.
If anyone is questioning the Fed’s dovish pivot, take one look at the S&P 500 which suggests the Fed pause is delivering in spades.
The main takeaway from the report is that quarterly inflation fell to an annual rate of just 1.42%. This put it well below the bottom of the RBA’s 2-3% medium-term target. With underlying inflation decelerating away from the RBA’s mandated level, the odds of a central bank rate cut over the near-term are accelerating.
The company's output totalled 116,183 ounces of gold for the three months ended March 31, above its forecast range of 105,000 to 115,000 ounces. Unit cash costs jumped 9 percent to $631 per ounce of gold produced, in keeping with its tone in February when it warned of higher costs due to increasing input costs and rising fuel, reagent and consumable prices.
Based on the early price action, the direction of the USD/JPY on Wednesday is likely to be determined by trader reaction to the downtrending Gann angle at 111.858.
Investing.com - Gold prices slipped on Wednesday in Asia, pressured by strong earning reports stateside and strong U.S. housing data released overnight.
U.S. stocks soared on upbeat results from Twitter Inc, Coca-Cola Co, United Technologies Corp and Lockheed Martin Corp, which eased fears of a profit recession in a busy week for corporate earnings. European oil and gas shares jumped 2%, with BP Plc and Royal Dutch Shell Plc leading gains in London, while the FTSEurofirst 300 Index of leading European shares hit eight-month highs. The S&P and Nasdaq indexes roared to record closing highs, ensuring the bull market that started in March 2009 remains alive.
The number of Americans who identify as bisexual is on the rise. According to recently released data from the 2018 General Social Survey (GSS), a nationally representative survey of people in the US collected every two years, over 3% of US adults say they are bisexual (a sexual identity in which someone is attracted to people of their gender or other genders). An analysis of the GSS data by the sociologists D’Lane Compton and Tristan Bridges shows that the change has been almost entirely due to an increase in the number of bisexual women—the population of men who identify as bisexual has barely budged.
Natural gas markets bounced a bit after initially trying to dipped lower during the day on Tuesday, as we have reached extremes to the downside. That being said, this is a market that looks very dangerous.
Gold markets broke down a bit during the trading session on Tuesday, slicing through sideways support that I had pointed out previously. Beyond that, we also stay below there although there was a bit of a bounce later in the day. At this point though, we have seen where gold is going.
The British pound went back and forth during the trading session on Tuesday as traders came back to work from the Easter holiday. We sliced through the 1.2950 level, which is an area of major support and it now looks as if we are ready to drift lower.
The British pound initially tried to rally during the trading session on Tuesday but has seen enough selling pressure to turn things back around and start reaching towards the ¥145 level. Just below though, there is a lot in the way of support.
Investors have been rewarded for backing Agnico's strategy. "Based on the geological potential, and the ability to grow the size of the deposit... and given there hadn't been a lot of exploration work done, we concluded it was a good place to do business," Agnico CEO Sean Boyd told Reuters in an interview. Meliadine is located close to Nunavut's eastern shore on the Hudson Bay, about 25 kilometers (15.5 miles) north of the hamlet of Rankin Inlet, while Amaruk is further inland, 300 km west of Hudson Bay and almost 150 km of the nearest hamlet of Baker Lake.
Agnico Eagle Mines is doubling down this year on Nunavut, Canada’s least developed territory, betting that the high-grade gold ores and slim competition there will offset the risks of digging in the remote location in the far north. Investors have been rewarded for backing Agnico's strategy.
Thin trading conditions could also be helping to exaggerate the sell-off. The Australian and New Zealand markets were closed on Friday and Monday. And they close again on Wednesday. If the major banks and institutions are still on the sidelines, volatility could be heightened and small orders could drive the markets violently in either direction.