Junior Gold Miners
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Warren Buffett's Disingenuous Stance on Gold
By RyanGlosier - May 17, 2013 | Tickers: GDXJ, GDX, GLD
Berkshire Hathaway Chairman and CEO Warren Buffett has long been a vocal opponent of gold as an investment. Over the years, the super-investor and one of the richest men on the planet has publicly railed against the merits of the yellow metal. In fact, readers can find a compilation of the Oracle of Omaha's 7 top quotes on gold investing over at Minyanville.com.
The first quote, and possibly more » -
Two Gold Stocks for Emerging Market Plays
By Peter Pham - May 11, 2013 | Tickers: AU, ABX, GDXJ, GLD
While most of the gold exploration and production companies, from the giant Barrick Gold (NYSE: ABX) to the junior plays such as Valor Gold (VGLD.OB) are increasing their focus on the Nevada’s gold rush, others such as B2Gold Corp (BGLPF.PK) and Continental Gold (CGOOF.PK) are eyeing some of the key areas in the emerging markets. Both B2Gold and Continental are based in Canada and have recently more »
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If Natural Gas, Why Not Gold?
By Peter Epstein - May 8, 2013 | Tickers: ABX, GDXJ, NEM
Few questioned the reasoning behind the thesis. Natural gas prices had been stuck in a range between $2.00-$3.30/mmBtu for almost two years. Yet, today natural gas prices are above $4/mmBtu, more than double last year's low tick. The EIA reports,
"Average wholesale (spot) prices for natural gas fell significantly throughout the U.S. in 2012 compared to 2011. The average price for natural gas more »
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Time to buy McEwen Mining
By Vy Tran - April 12, 2013 | Tickers: GG, SLV, GDXJ, GDX, MUX, GLD
Today is a day of extreme weakness in the monetary metals gold (GLD) and silver (SLV). Ostensibly, it is due to the draft plan by Cyprus to sell gold as part of its bailout.
This is an interesting explanation but I believe the main reason is simply that owning gold and silver is an overcrowded trade.
With central banks especially in Japan and USA monetizing their debt without any end more »
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Have Faith in Yellow Metal
By Waqar Saif - March 1, 2013 | Tickers: GDXJ, GDX, GLD
The sixth largest exchange traded fund in the United States, SPDR Gold Trust (NYSEMKT: GLD), follows 1/10th of price of one ounce of gold. SPDR Gold Shares is also among the top ten largest holders of gold in the world. As of Feb. 29, the ETF has given a YTD loss of almost 11% to its investors. Talking about other ETFs that follow gold prices, Market Vectors Gold more »
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Best Gold Mining Stocks For 2013
By Peter Epstein - December 19, 2012 | Tickers: ANV, CDE, GDXJ, MDW, NEM, GLD
How Does One Get Exposure to Gold in 2013?
For those interested in exposure to gold, there are a number of ways to get invested. One can buy physical gold outright such as gold coins, a gold Exchange Traded Fund, "ETF" such as SPDR Gold Shares, (NYSEMKT: GLD), gold futures, a gold stock ETF or a specialty junior gold mining company ETF, such as Market Vectors Junior Gold, (NYSEMKT: GDXJmore »)
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Shifting Asset Classes for 2013: The Case for Precious Metals & Commodities
By David Bernstein - December 12, 2012 | Tickers: FCX, GDXJ, SSL, TOT
In reviewing possible trades, my model analyses their potential based off of current macro-economic trends, the fundamentals of the stock, and how the company's chart looks from a technical aspect. Using the results from this analysis, I decide whether or not to move forward with the trade.
Over the weekend, I came to the conclusion that in the Fed announcement this Wednesday, the most likely scenarios are that Bernanke more »
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Precious Metal ETFs after Bernanke
By Douglas Ehrman - September 4, 2012 | Tickers: SIL, SLV, GDXJ, GDX, GLD
Ben Bernanke, known as “Helicopter Ben” to his friends, gave his latest rendition of Federal Reserve double-talk last Friday from the annual meeting in Jackson Hole. Without specifically rolling out a new plan for additional quantitative easing, the Fed Chair gave what can be taken as a very strong hint. The news drove the prices of all of the major precious metal and precious metal mining exchange traded funds (ETFs more »
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A Safer Way to Play Gold
By Douglas Ehrman - August 29, 2012 | Tickers: ABX, GDXJ, GDX, GLD
The global macroeconomic situation is setting up to send gold on a new run to never before seen levels, but some investors still find the volatility and position sizes of the commodities markets too much to handle. Even with the use of exchange-traded-funds (ETFs) like the SPDR Gold Shares (NYSEMKT: GLD), the potential for significant daily swings can leave potential investors on the sidelines. Fortunately, there is another alternative that more »
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Are Gold Miners Majorly Oversold?
By J. Keith Johnson - May 11, 2012 | Tickers: SLV, GDXJ, GDX, GLD, PHYS
Over the past several months Market Vectors Gold Miners Trust (NYSEMKT: GDX) has taken a beating, giving up $25 (~38%) since November 2011 highs. Obviously such a pullback is discouraging for investors holding shares. But for those of us looking for opportunity, it may be just what we’ve been waiting for.
Consider the four-year chart. Notice that we had similar action in 2008-2009, coinciding with gold’s drop from more »
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The Three Amigos of Gold ETFs
By Christian Magoon - May 3, 2012 | Tickers: IAU, GDXJ, GDX, GLD
Get to know "The Three Amigos of Gold ETFs," and you will gain useful knowledge about gold ETFs.
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Is HUI Gold BUGS the Best Bet for Gold?
By J. Keith Johnson - April 18, 2012 | Tickers: GDXJ, GDX, GLD, PHYS
At this point it seems that only hard core gold bugs, sharp long-term holders, and a few savvy analysts have stuck with the Midas metal. While that’s easy to understand in light of gold's recent selloffs and largely sideways movement, as we’ve recently discussed, this retraction could very well end up being the last great buying opportunity for quite a while.
For the long haul, there’s more »
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Is SPDR’s Gold Shares Paper Gold?
By J. Keith Johnson - March 29, 2012 | Tickers: AG, GDXJ, RGLD, GLD
SPDR’s Gold Shares (NYSEMKT: GLD) has been offered to traders as a means of trading physical gold without taking delivery. The idea of being able to trade commodities like stocks is a day-trader’s dream. However, does it pass the comparison test on all levels?
As a short-term option, it certainly seems to. Overhead is very low, at a guaranteed maximum of only 0.40% per annum administrative fees more »
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Precious Metals’ ETFs; Flexibility With a Price
By J. Keith Johnson - March 28, 2012 | Tickers: GPL, SLV, GDXJ, RGLD, GLD
While there is no substitute for owning physical precious metals, ETFs such as SPDR’s Gold Shares (NYSEMKT: GLD) and iShares’ Silver Trust (NYSEMKT: SLV) offer flexibility for those who are unable to take delivery, don’t want to pay storage fees, wish to day trade or simply want to keep their transactions in a stock portfolio. There are many pros and cons to such ETFs, some of which we more »
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This Gold Stock has yet to Truly Shine
By Meena Krishnamsetty - March 28, 2012 | Tickers: AU, ABX, GDXJ, GDX, NG
Gold has had a nice run up since late last week, giving us reason to take another look at gold equities. However, the Market Vectors Gold Miners ETF (NYSEMKT: GDX), comprised primarily of major gold mining companies, declined 16.3% in 2011. GDX has been quite volatile and is currently hovering around the ~$50 mark. The Market Vectors Junior Gold Miner ETF (NYSEMKT: GDXJ), which is the benchmark for the more »
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Markets Meandering Before Mobilizing
By J. Keith Johnson - March 23, 2012 | Tickers: AAPL, SLV, GDXJ, GDX, GLD
This week in precious metals has been more of the same. Movement is volatile hour to hour, but daily changes are minimal, frustrating many investors. It certainly isn’t helping that many once avowed bulls have revealed their true bearish nature in recent days, somehow attributing the recent pullback as indicative of a bear market.
It’s not just metals, but other sectors as well. A broker I know received more »
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The European Debt Crisis and Commodities
By Tony Daltorio - March 12, 2012 | Tickers: BHP, XOM, GDXJ, WFC
Ask almost any analyst, trader or investor what effect the European debt crisis is having on commodity prices and you'll get the same answer. The answer will be that the debt crisis is slowing global economic growth and therefore is putting a damper on demand and prices for commodities.
That is very true, but only for the short term. If one thinks about the medium-to-long term, the answer is more »
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Gold Miners Are Cheaper Than Gold
By Andrés Cardenal - January 17, 2012 | Tickers: ABX, GDXJ, NEM, GLD, AUY
In the following chart we compare the performance over the last two years of three ETFs that are related to the price of gold. SPDR Gold Trust (NYSEMKT: GLD) tracks the performance of the shiny metal, Market Vectors Gold Miners (NYSEMKT: GDX) invests in a basket of big capitalization gold miners, and Market Vectors Junior Gold Miners (NYSEMKT: GDXJ) is focused on mid and small cap gold producers.
It looks more »