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Blogs about GDX

Blogs	Description	Date Updated
Investors Run for Cover Under Gold and ETFs	The price of gold jumped to a four-month high, sending gold exchange traded funds (ETFs) higher. A dash of record oil (now more than $147 a barrel), a heaping teaspoon of mortgage-company concerns and a pinch of a falling dollar stirred together combined to leave a bitter taste in investors’ mouths and sent them to gold in an effort to lose the aftertaste. Wall Street particularly sputtered on news of Fannie Mae and Freddie Mac’s woes, reports Stevenson Jacobs for the Associated Pres...	July 11, 2008
ETF Update: "There's Gold ....	.....in them thar hills" (Origin Unknown). Despite the dubious construction and grammar (language buffs can check here) the statement has a certain ring. The reason is the enduring quality of gold as a store of value. In modern times, this means a value that is impervious to the actions of governments and central bankers. The quest for gold is so powerful that a wise expert on the subject put it thusly: "I know what gold does to men's souls." That expert was ...	July 06, 2008
Rising Inflation Sends Investors Rushing to Precious Metal ETFs	Gold exchange traded funds (ETFs) have been quiet lately, drowned out by the ruckus oil has been causing. But in trading today, futures jumped at points by as much as $33 an ounce. The price of gold is now trading at its highest level in more than a month, while silver futures have also shot up more than 4% to a one-week high. One coin and precious metal retailer says that these are typically slow months for metals, but the markets are so unstable that gold has become "the surefire store o...	June 26, 2008
Speculators and Bargain Hunters Go Fishing For Metals ETFs	The more positive outlook on the dollar led to a selloff of precious metals and their related exchange traded funds (ETFs). Today, the outlook is a little better. streetTRACKS Gold Shares (GLD) and iShares COMEX Gold Trust (IAU) both finished 3.9% lower yesterday. Market Vectors Gold Miners (GDX) and iShares Silver Trust (SLV) fell 2.8%. As evidence of the drubbing precious metals took on Tuesday, June gold fell $33.70. All funds today are trading up near 3% midday, thanks to speculators an...	April 02, 2008
On Tight Supply, Gold Is Forecast to Top Records, ETFs Could Follow	A London investment manager expects that tightness in the gold supply could send prices soaring to new records that could affect exchange traded funds (ETFs), particularly those that hold the precious metal. Gold has taken a step back in the last several trading days, but appears to be making a climb once again. On Tuesday, it traded at $931.60. Today, it's at $949.10. Those prices are a bit off the record level of $1,030.80 that was reached on March 17, reports Sitaraman Shankar for Reuters. ...	March 26, 2008
Commodity ETFs Shine On a Gloomy Day	Metal and agriculture exchange traded funds (ETFs) retained their bounce today, refusing to be brought down in the wake of bad news from other sectors such as financials, consumer and housing. Last week, there was a commodities selloff, but the sector appears to be performing well enough early this week that it calmed fears that a commodity blow-up was around the corner, reports Ellis Mnyandu for Reuters. Among the ETFs that took part in the rally: streetTRACKS Gold Shares (GLD), up 2.9% ...	March 25, 2008
Effects of the Price of Gold, Platinum Isn't Just Limited to ETFs	We all know that the price of gold and gold exchange traded funds (ETFs) have been on an upward trend for awhile now, but not everyone knows why this matters and how it works. David Mckay, the executive editor of Miningmx, sat down with News24 and explained it. Mckay says gold's price is affected by several factors, including its lure for investors seeking tangibles when the dollar weakens. Global economic worries and political turmoil send investors to gold, as well. Most recently, the mining...	March 21, 2008
ETFs Could Be Golden on One Analyst's Price Prediction	One analyst predicts that the price of gold will skyrocket to $1,800 an ounce within the year, a forecast that could have owners of gold exchange traded funds (ETFs) drooling profusely. Analyst Don MacClean for Paradigm Capital bases his prediction on the combination of the continued decline of the capital markets and investors' desire to seek out safe havens, reports Brigid Gaffikin for Thomson Financial. Another factor in the rising price is investors themselves: demand only feeds on itse...	March 18, 2008
Gold: play the shares, not the metal?	Filed under: Market matters, Money and Finance Today, Technical Analysis, CommoditiesThe price of gold and other precious metals has been rallying sharply, helped by a falling dollar, worries about rising inflation and concerns over the health of the global financial system. So far this year, the yellow metal is up around 20%. Gold mining shares have not fared as well. They have been held back by broad-based weakness in equity markets and the prospect that higher costs for energy and other comm...	March 18, 2008
Gold ETFs Lie At the End of the Rainbow	Aye, laddie. Lookin' for a pot of gold at the end of the rainbow via an exchange traded fund (ETF) this St. Patrick's Day, are ye? Okay, we'll stop with the accent. It turns out that although gold futures briefly hit a new record this morning, at $1,033 an ounce, reports Pham-Duy Nguyen for Bloomberg, gold-related ETFs aren't feeling the love this jovial holiday. Market Vectors Gold Miners (GDX) was down 3% intraday, while streetTRACKS Gold Shares (GLD) was up just slightly and iShares COM...	March 17, 2008

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