Will Gold ETF’s Continue On Their Bull Run?

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September 24, 2009 3:48pm ETF BASIC NEWS NYSE:GCC

gold-bull“Is it time to buy? Gold’s latest move above the $1,000 mark has stoked the long-standing debate between mining stock aficionados and bullion fans – what exactly is a better investment – gold bullion or gold mining shares


? Going by a year-to-date basis, bullion’s performance lags that of mining shares in 2009, despite the recent breakout. Gold shares have gained 15.5 per cent versus the Market Vectors Gold Miners ETF’s (NYSE Arca: GDX) – a portfolio of nearly three dozen global mining companies – 41.5 per cent appreciation in dollar terms,”  Kishori Krishnan Reports From Commodity Online.

“Is that really surprising? After all, commodity stocks have led physicals this year. Take, for instance, the out performance of the Market Vectors RVE Hard Assets Producers ETF (NYSE Arca: HAP) over the GreenHaven Continuous Commodity Index Fund (NYSE Arca: GCC). The HAP portfolio, comprising global equities, is up 35.1 per cent this year, while the futures-tracking GCC fund has risen just 10.3 per cent,” Krishnan Reports.

“Like other commodity stocks, the strength of the gold mining shares depends, in part, upon the health of the broader equity market. A buoyant environment for stocks is wind at the back of gold shares. That’s pretty much reflected in the price ratio of (GLD) shares to those of (GDX),” Krishnan Reports.

Full Story: HERE

Here is a detailed look at the ETF’s mentioned below:

The investment (GDX) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the AMEX Gold Miners index. The fund generally normally invests at least 80% of its total assets in common stocks and American depositary receipts (ADRs) of companies involved in the gold mining industry. The fund is nondiversified.

TOP 10 HOLDINGS (GDX) ( 67.60% OF TOTAL ASSETS)  
Company Symbol % Assets
AGNICO EAGLE MINES (AEM) 4.7
ANGLOGOLD ASHANTI LT (AU) 5.91
BARRICK GOLD CP (ABX) 13.15
GOLD FIELDS LTD ADS (GFI) 4.88
GOLDCORP INC (GG) 11.64
IAMGOLD CORPORATION (IAG) 4.35
KINROSS GOLD CP (KGC) 5.71
Lihir Gold, Limited (LIHR) 4.38
NEWMONT MIN CP (HLDG (NEM) 8.54
YAMANA GOLD INC (AUY) 4.34

Chart for Market Vectors Gold Miners ETF (GDX)

 

The investment (HAP) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Hard Assets Producers index. The fund normally invests at least 80% of total assets in equity securities, which may include depositary receipts, of U.S. and foreign hard asset producer companies. It generally holds all of the securities that comprise the Hard Assets Producers Index in proportion to their weightings in the Hard Assets Producers Index. The fund is nondiversified.

TOP 10 HOLDINGS (HAP) ( 33.26% OF TOTAL ASSETS)  
Company Symbol % Assets
ARCHER DANIELS MDLND (ADM) 2.62
BHP Billiton Limited N/A 2.08
BP PLC N/A 2.54
CHEVRON CORP (CVX) 2.25
DEERE CO (DE) 2.67
EXXON MOBIL CP (XOM) 5.52
Gazprom OAO (EDR) N/A 2.01
MONSANTO COMPANY (MON) 6.63
POTASH CP SASKATCHEW (POT) 3.77
SYNGENTA N ORD (SYNN) 3.17

Chart for Market Vectors RVE Hard Assets Prod ETF (HAP)

The investment (GCC) seeks to replicate, net of expenses, the Continuous Commodity Total Return Index. The index is an equal weighted basket of 17 commodities: corn, wheat, soybeans, live cattle, lean hogs, gold, platinum, silver, copper, cocoa, coffee, sugar, cotton, orange juice, crude oil, heating oil and natural gas. The fund will invest its collateral cash in US Treasuries.

TOP 10 HOLDINGS (GCC) ( 29.59% OF TOTAL ASSETS)  
Company Symbol % Assets
COCOA FUTURE DEC 09 N/A 2.93
COFFEE ”C” FUTURE DEC09 N/A 2.93
CORN FUTURES DEC 09 N/A 2.98
COTTON NO2 FUTR MAR10 N/A 2.95
GOLD 100 OZ FUTR FEB10 N/A 2.93
SILVER FUTURE DEC09 N/A 2.94
SOYBEAN FUTURE JAN10 N/A 2.94
SOYBEAN FUTURE NOV 09 N/A 2.97
SUGAR# 11 MAR10 N/A 3
WHEAT FUTURE(CBT) DEC09 N/A 3.02

Chart for GreenHaven Continuous Commodity Index (GCC)

 

The investment (GLD) seeks to replicate the performance, net of expenses, of the price of gold bullion. The trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemption of baskets. The gold held by the trust will only be sold on an as-needed basis to pay trust expenses, in the event the trust terminates and liquidates its assets, or as otherwise required by law or regulation.

Chart for SPDR Gold Shares (GLD)

 

 

GET A FREE TREND ANALYSIS  FOR ANY ETF HERE!


 


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