The PureFunds ISE Junior Silver ETF (SILJ) underperformed all other non-leveraged, non-inverse exchange traded products in the U.S. Thursday on a percentage basis, producing a -4.8% one-day return and trailing the wider markets by a total of 5.5 percentage points.
From Moby Waller: An old saying, paraphrased, is, “Those who sell pickaxes during a gold rush will get rich.” Currently, this axiom applies to gold and silver mining companies.
Many investors mistake noise for alpha. Even those who understand the methods used to calculate alpha and its inherent uncertainty may have a hard time sifting through information that is often provided (e.g. from Morningstar, fund companies, etc.).
Just as we thought the momentum was all set to die down for the red-hot gold and silver ETF group, this past week saw a re-acceleration of buyers stampede their way back in and take precious metal ETFs to another monster week.
NYSEARCA:GLD, NYSEARCA:SLV
NYSEARCA:GLD, NYSEARCA:SLV
NYSEARCA:GLD, NYSEARCA:GDXJ, NYSEARCA:GDX
NYSEARCA:GDX, NYSEARCA:GDXJ, NYSEARCA:NUGT, NYSEARCA:GLD
NYSEARCA:SIL, NYSEARCA:SLV
NYSEARCA:XBI, NYSEARCA:SILJ
NYSEARCA:GDXJ, NYSEARCA:GDX, NYSEARCA:SILJ, NYSEARCA:GLDX
NYSEARCA:GDX, NYSEARCA:GDXJ, NYSEARCA:GEMS, NYSEARCA:MSXX
NYSEARCA:XBI, NYSEARCA:TAN, NYSEARCA:SILJ
NYSEARCA:SLV, NYSEARCA:AGQ, NYSEARCA:ZSL, NYSEARCA:PSLV, NYSEARCA:SIVR
NYSE:GG, NYSE:ABX, NYSEARCA:GDX, NYSEARCA:GDXJ, NYSEARCA:SIL