When gold prices go up,
gold miners make more money (and vice versa).
The copper and
gold miner made an ill - timed investment in the oil and natural gas industry.
Not exact matches
Local
miner Doray Minerals has achieved first
gold pour at its Deflector mine in the Murchison region, with its first shipment to be
made next month.
Gold and nickel
miner Independence Group has announced a $ 280 million capital raising to bolster its balance sheet,
making it the largest raising by a Western Australian company for 2016.
Local
gold miners continue to prove there is still money to be
made in Western Australia's resources playground, with Northern Star Resources, Metals X, Ramelius Resources and Saracen Mineral Holdings all closing higher on the ASX.
(For a good explanation of why people think this, read our interview with «
Made in Chelsea» start - turned -
gold miner Francis Boulle.)
However, he draws an analogy to the California
gold rush, where those who
made the most money were often those who supplied the
miners rather than dug for
gold — such as clothes - maker Levi Strauss.
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.
Some investors have a hard time with the fact that physical
gold will never
make a distribution or generate a cash flow;
gold miner stocks
make dividends and report earnings, which can
make valuation more straightforward.
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.
Although we are not yet at the point of
making a bearish call on the market, one ETF that is showing considerable relative weakness is Market Vectors
Gold Miners ETF (GDX).
Together they
make up about 30 percent of our U.S. Global GO
GOLD and Precious Metal
Miners ETF (GOAU), which launched at the end of June.
An old
miner's axiom which I just
made up posits that where there's Silver there's
gold.
The film follows the true story of an international effort that was
made to save 33
miners who became trapped in a copper and
gold mine, half a mile beneath the surface, for 69 days.
Avoid being taken for a ride During the California
gold rush, the people who
made the most money were the people who sold stuff to
miners... and the people who stole stuff from them.
If you want to
make a short - term directional bet on the
gold miners index then NUGT may be for you.
«During the
Gold Rush, most would - be
miners lost money, but people who sold them picks, shovels, tents, and blue - jeans (Levi Strauss)
made a nice profit.»
I might get less optimistic if the
gold miners began
making significant money, producing much more
gold, but producing
gold remains a hard business.
Another 21 % is in materials, with a number of small
gold and silver
miners making up most of that share.
Like with the Great
gold rush, those who are really
making money are those who are providing the pick and shovels, not the
gold miners...
Some investors have a hard time with the fact that physical
gold will never
make a distribution or generate a cash flow;
gold miner stocks
make dividends and report earnings, which can
make valuation more straightforward.
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.
The team behind Bitcoin
Gold want's to increase the number of
miners and hence, they will
make use of the Equihash Algortihm, rather than Bitcoin's SHA256 algorithm.
The Bitcoin
Gold fork launched in October with the goal of
making bitcoin more decentralized by blocking the use of ASIC
miners.
Originally he migrated west to join the California
gold rush, but he learned that he could
make a better living selling supplies to the
miners.