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VanEck Vectors Junior Gold Miners ETF News

$40.75
-0.160 (-0.391%)
At Close: May 03, 2024
Fear factor is still strong and in favor of gold as investors fear a second shutdown. Inflation expectations are on the rise, further boosting gold's prospects.

Miners Remain Undervalued Despite Gold's Run

07:44am, Wednesday, 09'th Sep 2020
Gold had become overbought in the past month, trading well above trend, making it ripe for a correction.

Comex Is Turning Into A Physical Gold Delivery Hub

06:39am, Wednesday, 09'th Sep 2020
Open interest in September gold at rollover deadline August 28 was 3,070, yet physical deliveries for September gold total 3,457 as of latest data September 4.
The mining industry struggles to satisfy the rising demand for gold, as seen in the dwindling number of giant discoveries.
Gold is sitting above the breakout level. Gold open interest is steady.
Cardinal Resources has received another offer from SD Gold, which represents a more than 60% premium to its initial offer in early June.
The Precious Metals R&S Index declined by 3.36% in August. The Precious Metals R&S Equally Weighted Index declined by 0.5%.

Gold-Stock Correction Mode

07:45am, Saturday, 05'th Sep 2020
Gold stocks are in correction mode. They shot parabolic into early August, surging too far too fast exhausting the capital firepower available for near-term buying.
Although gold prices reached historic highs this summer, we still see some potential drivers that could move prices even higher.
Recently, the Federal Reserve confirmed a widely expected shift in monetary policy that will result in near-zero interest rates for the foreseeable future.
After hitting its lows on March 13th, 2020, the VanEck Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ) has generated an incredible rally of more than 200%.

The United States Is Going Into Hyperinflation

11:54pm, Friday, 28'th Aug 2020
Deficit to outlay ratio tops 60%, above the hyperinflationary threshold of 40%. Q2 2020 GDP shrank 31.7%, but will improve in Q3 2020.

2020 Retreat, 2021 Rebound

05:59am, Monday, 24'th Aug 2020
Three key leading indicators completed major reversals during the past week. Breadth is deteriorating with fewer and fewer shares achieving new all-time zeniths.

Gold Mid-Tiers' Q2 2020 Fundamentals

04:35am, Saturday, 22'nd Aug 2020
The mid-tier gold miners reported outstanding Q2 results. While COVID-19 lockdowns did affect their operations, their output shrinkage was much smaller than their larger peers'.
The news that Warren Buffet took a stake in Barrick Gold stimulated animal spirits in the precious sector on Monday.
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