VanEck Gold Miners ETF GDX Stock Price, News, Quote & History
VanEck Gold Miners ETF GDX Stock Price, News, Quote & History
Contents
You should seek professional advice if you are in any doubt as to whether any investment mentioned might be suitable for your individual circumstances. Stock prices have reached «what looks like a permanently high plateau,»’ . BITCOIN is a giant, dangerous PONZI SCHEME. Its price doesn’t mean anything, because 95% of trading is FAKE. Its inevitable COLLAPSE TO ZERO will result in HUGE LOSSES to inexperienced investors, who were used as GREATER FOOLS.
In China, the banks are partially or totally government-owned. In December, the seven-day repo rate shot up to 9% from 4%. A credit boom needs more capital to keep growing, but it isn’t available any longer. That’s why borrowers are bidding up rates in the money market. If, and that’s a big IF, this price level gives away, gold miners will fall another 30%, towards the lowest support level, see chart.
HET 10-JARIGE U.S. TREASURY RENDEMENT
Sixty peer-to-peer lenders went bust in recent weeks. Finally, at the end of a credit boom, you see a heavily state-directed xtreamforex review financial and corporate sector. In the U.S., Fannie Mae and Freddie Mac had government oversight.
By accepting, you agree to the updated privacy policy. Above, a jewelry store in Taiyuan, China, last month. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
NUL-COUPON LANGERE TREASURIES
Our own analysis shows that this is not a time to be in a haste to buy gold miners. We use the HUI gold mining index for our analysis, see below chart. Recently, this analyst on MarketWatch, with a track record forecasting markets, came out with a recommendation to buy gold mining stocksas they kanban softwareentwicklung could double in 2017. His ultimate entry point was 19.50 to 22.00 in the GDX. Currently, the GDX ETF is slightly below that level. The price of gold has plunged 22% this year, as investors anticipating an end to the Federal Reserve’s loose monetary policy sought out higher-yielding assets.
Gold mining stocks arrived at a make-or-break level. It was only 6 months ago when everyone was convinced that the gold sector entered a new long term bull market. Nothing seemed to be further from the truth, and we sent a sharp warning in August, sayinggold was tenkofx review about to test the last resistance area of its bear market. Our warning was spot-on, as gold and miners went sharply lower as of that point. The equity selling bled into the Treasury market, sending the 10-year yield below 2.8 percent as investors sought havens.
A Different Perspective On Nasty The Stock Market Cycle Of 2022
A selloff in technology shares sent U.S. equity benchmarks lower, with losses accelerating late in the day. Bonds surged on demand for safe havens, pushing the yield on 10-year Treasuries below a key level. The materials on this website may not be suitable for all investors and are not intended to be an offer, or the solicitation of any offer, to buy or sell any securities. This site is intended for information and illustrative purposes only and should NOT in any way be construed as a personal recommendation.
- Finally, at the end of a credit boom, you see a heavily state-directed financial and corporate sector.
- News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
- By accepting, you agree to the updated privacy policy.
- Its inevitable COLLAPSE TO ZERO will result in HUGE LOSSES to inexperienced investors, who were used as GREATER FOOLS.
But the carnage has been even worse for those seeking to benefit from investments in companies that mine the metal. Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. Gold mining stocks can go both directions from this point on. They now trade at the 2009 bottom, which coincides with the 2004 and 2005 bottoms. This is an extremely important price level, and patience is the required at this point.