The benchmark Market Vectors
Gold Miners Fund (GDX) is down 70 % since gold's peak in 2011.
The Market Vectors
Gold Miners Fund (GDX) rallied 15 % in June.
Gold producer Barrick Gold (ABX) is up 135 %... gold explorer NovaGold Resources (NG) is up 53 %... royalty company Franco - Nevada (FNV) is up 51 %... and the Market Vectors Junior
Gold Miners Fund (GDXJ) is up 73 %.
The Market Vectors Egypt ETF (NYSEArca: EGPT) spiked 14.14 percent in the week ending Wednesday, July 3 following the unseating of President Mohammed Morsi, and
gold miner funds rallied as much as 13 percent.
Not exact matches
But I'll still keep my eye on the
gold miners and exchange - traded funds (ETFs) such as the BMO Junior Gold Index
gold miners and exchange - traded
funds (ETFs) such as the BMO Junior
Gold Index
Gold Index ETF.
Gold miner Doray Minerals is seeking to double its workforce to support its Deflector project, after announcing it has secured $ 91.7 million in
funds to bring the project into production.
Junior
gold miners Dynasty Resources and Orinoco Gold have announced plans to raise a combined $ 2.6 million to fund ongoing work at their respective proje
gold miners Dynasty Resources and Orinoco
Gold have announced plans to raise a combined $ 2.6 million to fund ongoing work at their respective proje
Gold have announced plans to raise a combined $ 2.6 million to
fund ongoing work at their respective projects.
Perth - based
gold miner Millennium Minerals has negotiated $ 5 million in additional debt
funding from its major shareholder IMC Group but the deal is dependent on Millennium's current bankers agreeing to reschedule debt repayments due at the end of this month.
Junior
miner Kidman Resources has tapped investors for $ 21 million to
fund exploration work at its
gold and lithium deposits in the Goldfields.
The board of
gold miner Doray Minerals has given the nod to proceed with developing its recently acquired Deflector project in the Murchison region as soon as it has received enough
funding.
Gold miner Resolute Mining has tapped investors for $ 150 million to
fund the restart of operations at its Ravenswood mine in Queensland.
Gold miner Beadell Resources has received commitments for a $ 50 million capital raising to
fund exploration to build its mining inventory.
Gold and copper
miner Geopacific Resources has launched a $ 23 million capital raising to
fund an exploration program at its Kou Sa project in Cambodia.
Perth - based junior
miners MOD Resources, Primary
Gold and Alloy Resources have announced plans to raise a combined $ 10.4 million to
fund ongoing work at their respective projects
Gold miner Troy Resources has launched a $ 40.7 million capital raising to shore up its balance sheet and
fund further development of its Karouni mine in Guyana.
Five Perth - based junior
miners and explorers have announced plans to raise a combined $ 29.8 million to
fund ongoing work at their respective projects, with Excelsior
Gold also attracting a new cornerstone investor.
West African
gold miner Noble Mineral Resources has halted surface mining operations at its Bibiani project in Ghana, as it evaluates
funding options for an underground development.
Junior
gold miners are supposed to be small cap stocks but this product has been transformed by the changes the
fund provider has made into more of a mid cap
fund.
Gold miner ETFs were some of the worst - performing
funds in the week ended Thursday, July 12, with the iShares MSCI Global
Gold Miners Index
Fund (NYSEArca: RING) leading the pack with losses of 10 percent.
GDX is quite popular with investors, with hedge
funds using it to take positions on
gold miners and individual investors using it as an alternative to investing in physical
gold.
I haven't made a post since my last buys but I wanted to talk a little bit about my
gold and silver mining stocks and the status of my strategy of holding the
miners to sell for a hefty profit to
fund my dividend portfolio.
Investment Objectives: The U.S. Global GO
GOLD and Precious Metal
Miners ETF (GOAU) is a passively - managed
fund that provides investors access to companies engaged in the production of precious metals either through active (mining or production) or passive (owning royalties or production streams) means.
For information regarding the investment objectives, strategies, liquidity, risks, expenses and fees of the VanEck Vectors
Gold Miners ETF and VanEck Vectors Junior
Gold Miners ETF, please refer to the prospectuses for those
funds.
Gold miner ETFs were caught in a downdraft in the week ended Thursday, July 12, while ag
funds shot higher.
Holdings in the
funds mentioned as a percentage of net assets as of 09/04/2014: Alamos
Gold, Inc. (0.04 % World Precious Minerals
Fund); Anadarko Petroleum Corp. (2.11 % Global Resources
Fund); Argonaut
Gold (0.00 %); AuRico
Gold, Inc. (1.85 % in
Gold and Precious Metals
Fund, 0.41 % World Precious Minerals
Fund); B2
Gold Corp. (0.00 %); Canadian Natural Resources, Ltd. (1.59 % Global Resources
Fund); Cimarex Energy Co. (1.80 % Global Resources
Fund); Detour
Gold Corp. (0.00 %); Deutsche Bank (0.00 %); Devon Energy Corp. (1.82 % Global Resources
Fund); JUMBO S.A. (0.00 %); Klondex Mines, Ltd. (7.76 %
Gold and Precious Metals
Fund, 7.51 % World Precious Minerals
Fund, 1.22 % Global Resources
Fund); Market Vectors Junior
Gold Miners ETF (0.16 %
Gold and Precious Metals
Fund, 0.17 % World Precious Minerals
Fund); Peyto Exploration & Development Corp. (1.31 % Global Resources
Fund); Primero Mining Corp. (0.05 %
Gold and Precious Metals
Fund, 0.02 % World Precious Minerals
Fund); Suncor Energy, Inc. (2.13 % Global Resources
Fund); Tsakos Energy Navigation, Ltd. (0.00 %); Türk Telekom (0.00 %); Turkcell (1.79 % Emerging Europe
Fund).
How are behaviors of physically backed
gold and
gold miner exchange - traded
funds (ETF) similar and different?
As of May 2, 2018 the iShares MSCI Global
Gold Miners ETF MSCI ESG
Fund Quality Score is 4.80 out of 10.
Alternatively, investors can look at a
fund recommended on April 2 in the Fast Money Alert trading service: the VanEck Vectors
Gold Miners ETF (NYSEArca: GDX).
Holdings in the
Gold and Precious Metals
Fund (USERX), World Precious Minerals
Fund (UNWPX) and Global Resources
Fund (PSPFX) as a percentage of net assets as of 6/30/2014: Atico Mining Corp. (USERX 1.03 %, UNWPX 0.52 %)-RRB-; Avala Resources Ltd. 0.00 %; Barrick
Gold Corp. (PSPFX 0.02 %); Coeur Mining Inc. (USERX 0.24 %, UNWPX 0.24 %); Comstock Mining Inc. (USERX 3.57 %, UNWPX 2.12 %); Detour
Gold Corp. (USERX 4.94 %, UNWPX 1.85 %); Dunav Resources Corp. 0.00 %; Dundee Precious Metals Inc. (PSPFX 0.49 %, USEX 5.15 %, UNWPX 3.16 %); Fortuna Silver Mines Inc. (USERX 1.14 %, UNWPX 0.36 %); Franco - Nevada Corp. (PSPFX 2.21 %, USERX 2.45 %, UNWPX 1.16 %); Fresnillo Plc 0.00 %; Goldcorp Inc. (USERX 0.07 %, UNWPX 0.07 %); Gran Colombia
Gold Corp. (PSPFX 3.20 %, USERX 5.54 %, UNWPX 6.54 %); Kinross
Gold Corp. (USERX 0.14 %, UNWPX 0.05 %); Klondex Mines Ltd. (PSPFX 1.34 %, USERX 6.58 %, UNWPX 6.60 %); Market Vectors Junior
Gold Miners ETF (USERX 0.55 %, UNWPX 0.55 %); Newmont Mining Corp. (PSPFX 0.01 %, USERX 0.12 %, UNWPX 0.11 %); Northern Star Resources Ltd. (USERX 2.50 %, UNWPX 0.24 %); Orex Minerals Inc. (UNWPX 1.27 %); Osisko Mining Corp. 0.00 %; Pretium Resources Inc. (UNWPX 3.07 %); Randgold Resources Ltd. (USERX 2.09 %, UNWPX 1.34 %); Royal
Gold Inc. (PSPFX 2.18 %, USERX 3.14 %, UNWPX 0.91 %); Sabina
Gold & Silver Corp. 0.00 %; SEMAFO Inc. (USERX 3.27 %, UNWPX 1.13 %); Virginia Mines Inc. (UNWPX 5.48 %)
The
fund had a significant exposure to the healthcare sector (VHT, Vanguard Health Care ETF, weight of 10 %), technology sector (MTK, SPDR ® Morgan Stanley Technology ETF, 5.6 %), and
gold miners (GLD, SPDR ® Gold Shares, 4.1
gold miners (GLD, SPDR ®
Gold Shares, 4.1
Gold Shares, 4.1 %).
For investors who want exposure to
gold and silver, these two
funds provide access to leading
miners without the downside of directly holding the precious metals.
These
funds provide access to leading
miners without the costs of directly holding
gold and silver as investments.
A
gold mutual
fund would invest in
gold miner stocks.
GDX is quite popular with investors, with hedge
funds using it to take positions on
gold miners and individual investors using it as an alternative to investing in physical
gold.
Other
funds will invest in
gold mining companies (gold stocks), like GDX which seeks to track the Gold Miners Index, which includes many foreign compan
gold mining companies (
gold stocks), like GDX which seeks to track the Gold Miners Index, which includes many foreign compan
gold stocks), like GDX which seeks to track the
Gold Miners Index, which includes many foreign compan
Gold Miners Index, which includes many foreign companies.
I haven't made a post since my last buys but I wanted to talk a little bit about my
gold and silver mining stocks and the status of my strategy of holding the
miners to sell for a hefty profit to
fund my dividend portfolio.
GDX, an exchange - traded
fund for
gold miners, has lost 15 % of its value since September while
gold prices have fallen to its July low point.