From The Gold Report: “Generally accepted narrative” can get in the way of making investment decisions, says precious metals expert Michael Ballanger.
From Sprott Money: Real gold is real money; however, in today’s financial system it is traded as a paper derivative. One day, we believe that gold will reclaim its throne at or near the center of the world monetary system.
ETF issuer Direxion announced it will complete reverse splits for a number of its leveraged funds this spring, including a couple of very popular gold mining ETFs.
After Donald Trump’s surprising election win last month, scores of younger investors made big bets on ETFs that have performed extremely poorly, according to data from Bloomberg and TD Ameritrade.
From Moby Waller: Exchange-traded funds (ETFs) are growing in popularity among traders and investors all the time. ETFs offer fantastic flexibility and the ability to trade U.S. sectors, international stocks and commodities all in your brokerage account (including IRA accounts).
ETF issuer Direxion Shares just released some interesting performance data for July, and if you were bullish gold miners, then you may have had a heck of a month.
On the surface, gold and silver prices themselves didn’t have much of an eye-opening fall last week, but when you peer in at the gold and silver mining ETFs, you can see there was considerable damage done, especially with the leveraged commodity ETFs.
The stunning rally of leveraged gold mining ETFs this year cannot be ignored, but looking at the recent price action of these risky funds indicates a big correct is taking shape.
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