VanEck Gold Miners ETF
NYSE ARCA: GDX
$38.64
-$1.47 (-3.7%)
Closing Price on November 6, 2024
GDX Articles
It has been impossible not to notice the new Gold Rush. It has also been impossible to not notice the crashing oil prices. This is simply the decline or implosion of the Euro, and the flood of...
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Gold opened above $1,200.00 per ounce this morning before dropping below that magic number again as the day progressed. SPDR Gold Shares ETF (NYSE:GLD) is pretty much flat, opening at $118.49 and now...
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Have you noticed how so many commodity rallies in gold and oil get stopped in their tracks on what might seem as secondary or even tertiary cause and effect? This has been something very defined in...
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Gold needs a breather. All of the same reasons that gold ran from $900 to $1200 are still in place outside of the catastrophic meltdown scenario on every investor’s mind in early 2009. Greece...
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The US dollar and commodity prices are supposed to be inversely related, or so we saw during so much of the last 2009 gold rally. Quite simply, global commodity assets quoted in dollars cost more...
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Gold was supposed to keep eroding, or so its chart was indicating, earlier this week. But the weakening dollar vs. euro trade coming back and variations of rumors that China was buying that gold...
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It has been hard to not notice the sideways trading action in gold of late. Sure, you have the potential decline of the Euro, the rising dollar, mixed economic data globally, China keeping the...
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If there was a single trading event for investors, traders, and speculators from early October to early December, it was not stocks and was not bonds. It was not even the bet against the US...
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Yesterday’s surprise move from India that sent gold through the roof to almost $1,085.00 per ounce was a game changing event in gold. Many technical analysts and chartists were looking for, or at...
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With gold totally breaking out of the old power-band, it is interesting that a few players are still lagging the pack. Many of these stocks are up 7% and closer to 10% now that many feel the...
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This morning’s reports on unemployment (up), manufacturing (down), housing (sort of up), and consumer spending (up a little) have pushed the market down. Out of the gate this morning, gold miners...
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Now that Barrick Gold Corp. (NYSE:ABX) has raised $4 billion or so to buy out its hedges, the company is set to enjoy an expected run-up in gold prices. In early trading today, Barrick shares were up...
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The commodities call is back on. It isn’t $100 oil, but it is for $1,000.00 gold. We have two well respected market technicians calling for higher gold prices. At 10:12 AM EST, Spot Gold...
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This morning’s move in gold may have seemed like an anomaly as gold briefly traded up over $970.00 per ounce. The shiny yellow stuff rose $2.28 at $964.78 as of 10:42 AM EST. What is...
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Gold has been making a serious comeback and many are talking about the $1,000 per ounce level again as being ahead shortly. This latest run is with energy prices screaming, the US Dollar getting...
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