From Chris Vermeulen: Throughout this year, many analysts have focused on the price of Gold, Platinum & Silver markets for insight to the fear levels that exist in the global markets.
From Streetwise Reports: What does the New Year hold in terms of prospects for investors in gold, silver and copper? How will central banks and cryptocurrencies play into the health of global financial markets? Precious metals expert Michael Ballanger ponders the possibilities.
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.
There has been a nice lift in the Gold Miners since their mid-December lows, mostly tied to a rebound in spot Gold prices themselves during this time frame.
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.
After four long months of seemingly constant selling, a popular triple leveraged ETF tied to gold mining stocks is showing some initial signs of an upcoming bounce.
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.
Gold prices fell more than 1% on Thursday morning, driven by global equity gains. Gold miners were also sinking in early trading.
NYSEARCA:NUGT, NYSEARCA:JNUG, NYSEARCA:FAZ, NYSEARCA:TZA, NYSEARCA:JDST
NYSEARCA:GDXJ, NYSEARCA:GDX, NYSEARCA:GLD, NYSEARCA:SLV
NYSE:NEM, NYSE:GG, NYSE:ABX
NYSEARCA:GDXJ, NYSEARCA:GDX, NYSE:GG