NYSE Arca Gold Miners Index (NT (^GDMNTR)
Gold’s Modest Response to Europe’s Localized Risks
It seems that every time new, scary headlines emerge, press articles declare that gold no longer serves as a safe haven.
Gold Equities Underperformed Gold Bullion
Gold equities outperformed gold bullion in March, as the NYSE Arca Gold Miners Index (GDMNTR)1 gained 2.9%, while the MVIS Global Junior Gold Miners Index (MVGDXJTR)2 advanced 2.2%.
Gold Prices Could Test $1,300
Gold prices tend to rise in the fourth quarter of the calendar year. Gold prices have gained an unannualized ~3.8% in the fourth quarter.
Will Gold Miners Keep Up Their Recent Run?
While gold fell sharply in the last quarter of 2016, gold stocks weren’t far behind. The market capitalization–weighted NYSE Arca Gold Miners Index or GDM fell 20.2%.
Diversified Gold Exposure with the VanEck Vectors Gold Miners ETF
The rationale behind choosing the passively managed approach is evident in the genesis of GDX, which launched in 2006 as the first gold miners ETF offered in the U.S.
Why Gold Mining Stocks Are Trending Higher
As we have pointed out repeatedly this year and discussed in detail in our June update, gold companies are well managed, and gold stocks provide leverage to gold since valuations remain attractive. Therefore, it is no surprise that stocks enjoyed another surge higher in July. The NYSE Arca Gold Miners Index[1. NYSE Arca Gold Miners Index (GDMNTR) […]