Tag Archives | GDX

Turning Gold into Green

What’s the best way to turn the yellow metal into green? ¬†That’s the question the WSJ recently asked four prominent investors. Turns out that Greenlight Capital‘s David Einhorn, in addition to a Queen’s warehouse full of gold bars, also likes the Market Vectors Gold Miners ETF (GDX) where he owns 2% of the fund. The […]

Gold ETFs for Value Investors

Forbes recently interviewed Jean-Marie Eveillard, the semiretired manager at First Eagle Investment Management, on his use of gold as part of his famously patient approach to value investing. According to the Forbes piece, Eveillard suggests individuals put 5 to 10% of their assets into gold.¬† Four ETFs listed by Forbes as “smart ways to play” […]

Van Eck’s Specialty ETFs

Van Eck has built nearly a $10 billion ETF business in only three years according to the WSJ‘s Ian Salisbury. The New York company has expanded its line-up to include more than 20 specialty exchange traded funds. The firm’s first ETF, the Market Vectors Gold Miners ETF (GDX), helps investors gain exposure to gold through […]

Gold Miner ETFs strengthen ties to price of gold

As hedging falls out of favor, gold mining companies and ETFs will become more closely linked to the price of gold. That’s the trend behind the Wall Street Journal story Taking Down the Golden Barrickades. Barrick Gold, the world’s largest gold mining company, is the last in the industry to unwind its hedge book. Once […]

Option Traders Expect More Volatility for Gold Miners

The WSJ‘s Tennille Tracy is reporting that options traders are preparing for increased volatility in the stocks of gold mining companies. In yesterday’s trading, options investors were establishing a “strangle” position in the Market Vectors Gold Miners ETF (GDX) by buying March $30 puts and March $45 calls. The position will only be profitable if […]

Investors Seeking Safety in Gold ETFs

With gold up 30% from last fall and no end in sight for the stream of bad economic news, analysts and investors are flocking to the precious metal. The Financial Times Alice Ross writes in her column, Investors seek safe haven as good as gold, that Goldman Sachs, Merrill Lynch and UBS are all now […]

ETF Flows Provide Early Indicator of Market Trends

Monitoring the flow of money into ETFs can provide an early indication of the next market trend. That’s the conclusion of MarketWatch‘s John Spence in his blog post Greenlight’s Einhorn buying options on gold-miners ETF. Spence reports that hedge fund manager David Einhorn is buying call options on the Market Vectors Gold Miners ETF (GDX) […]

Gold ETFs Lose Their Glitter

In the article Gold ETFs Aren’t Glittering Despite Turmoil, Smart Money columnist Dan Burrows points out that gold ETFs are well off of their March highs and are even being outperformed by the stocks of discounters like Wal-Mart (WMT) and Family Dollar (FDO). The puzzle comes from the fact that central banks around the world […]

Gold Swings Wildly in Week of Hope and Fear

Investor’s Business Daily reporter Trang Ho takes a look at the recent action in gold ETFs in the article Gold Yo-Yos As Hope Tempers Fears. Ho points out that the spot price of gold surged last week as investors moved to commodities as fears mounted in the credit market and the Federal Reserve battled the […]

Keeping a Toe in Commodities

Smart Money’s Rob Wherry recently examined the logic of maintaining commodities exposure in the midst of a major pullback. The article “Keep a Toe in Commodities Despite Pullback” points out that there are two themes that have been influencing the prices of all kinds of commodities: New emerging middle classes around the globe, and rising […]

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