Gold Rides Momentum to New High
The gold price had advanced in January with the U.S. Federal Reserve’s dovish response to the December stock market volatility. This provided the momentum for gold to move to a new yearly high of $1,346 per ounce on February 20. Gold then pulled back to finish the month with a gain of $7.90 (0.6%) at $1,313.31. In early March gold has fallen to the $1,290 level. Following gold’s strong 2019 performance, it is too early to tell if this pullback is a consolidation within an …
De bästa sätten att investera i guld utan att äga de
Guld har varit ett ämne av värde för årtusenden, och är fortfarande värdefullt idag när priset på ett troy ounce av ädelmetallen överstiger 1 300 dollar. Många investerare försöker hålla guld som en värdebevarare och som en hedge mot inflation, men det kan vara svårt och besvärligt att äga stora mängder fysiskt guld. Säkerhetsinsatser införs ofta för att förhindra stöld som också kan vara dyrt. Lyckligtvis finns det ett antal sätt att få exponering för rörelser i priset på guld …
Gold’s Old Ceiling or a New Floor?
Gold and Precious Metals – Gold’s Old Ceiling or a New Floor?
Gold’s Old Ceiling or a New Floor? by Joe Foster, Portfolio Manager/Strategist
As the U.S. dollar strengthened, gold bullion declined in May while gold stocks saw little movement.
Signs of a late-cycle economy and geopolitical risks continue to mount with gold maintaining its resiliency while waiting for a market catalyst.
The price trend of gold indicates a new trading pattern in early ’19 with $1,365 per ounce as either the old ceiling or a …
Focusing on Gold’s Resilient Base
Gold and Precious Metals – Focusing on Gold’s Resilient Base
Gold Trended Higher Early, But Ended April Slightly Down as Dollar Strengthened
Gold trended higher in early April due to trade tensions between the U.S. and China, prospects of airstrikes on Syria, and heightened inflation expectations following a higher than expected March Producers Price Index (PPI)1 and a 2.1% annual rise in the core Consumer Price Index2. Gold topped at $1,365 per ounce on April 11. This level has been the proverbial price ceiling for gold since 2014. …
Gold’s Muted Response Speaks Volumes
Contributors to the text Gold’s Muted Response Speaks Volumes: Joe Foster, Portfolio Manager and Strategist, and Imaru Casanova, Deputy Portfolio Manager/Senior Analyst for the Gold Strategy
Gold Faced Selling Pressure Early in February Despite Normally Positive Conditions
In an environment that would typically be positive for gold, it appears gold faced selling pressure as investors searched for liquidity to cover margin calls and redemptions. Gold declined in February as increased market volatility and a drop in equity and bond markets failed to support demand for gold as a …
Börshandlad fond med fokus på Marijuanasektorns småbolag godkänd
På Alla Hjärtans dag 2018 kan de kanadensiska investerarna komma att fokusera mer på gröna knoppar än på röda rosor. Detta eftersom Horizons ETFs Management (Canada) Inc lanserar sin andra marijuanafokuserade fond denna dag. Denna gång en börshandlad fond med fokus på Marijuanasektorns småbolag. Denna börshandlade fond, Horizons Emerging Marijuana Growers Index ETF, kommer att handlas under kortnamnet HMJR.
Horizons Emerging Marijuana Growers Index ETF har för avsikt att replikera värdeutvecklingen av Emerging Marijuana Growers Index. Det underliggande indexet är utformat för att ge …
Tax Reform Adds Fuel to Gold’s Engine
Tax Reform Adds Fuel to Gold’s Engine a Gold Commentary July by Joe Foster, Portfolio Manager/Strategist
Gold’s Yearend Pattern Repeated: Oversold Ahead of Rate Increase Then Rebound
The Federal Reserve (the ”Fed”) raised rates for the third time in 2017 following the Federal Open Market Committee (FOMC) meeting on December 12. Since 2015, gold has established a yearend pattern where it becomes oversold ahead of the December Fed rate decision. This pattern repeated again this year as the gold price trended to a five-month low of …
VanEck to Acquire Dutch ETF Issuer, Think ETF Asset Management B.V., to Further Expand its Product Offerings in Europe
VanEck to Acquire Dutch ETF Issuer, Think ETF Asset Management B.V., to Further Expand its Product Offerings in Europe. Number of VanEck-sponsored UCITS-ETFs available in Europe will rise from 6 to 20 The Netherlands joins VanEck’s core European markets, which also include Germany, Switzerland, United Kingdom, and Italy
Global asset manager VanEck is acquiring the Dutch ETF issuer, Think ETF Asset Management B.V. (“Think”), who manages the sub-funds of ThinkCapital ETF’s N.V. VanEck …
Gold Sets a High Bar for Bitcoin
Gold Sets a High Bar for Bitcoin, a Gold Commentary July by Joe Foster, Portfolio Manager/Strategist
Gold bullion rallied 2.25% in July despite heavy gold bullion ETP redemptions, while gold stocks moved slightly higher.
We see $1,200 as a resilient floor for gold, with prices yet to trend through $1,300. The most obvious catalyst is likely to be U.S. economic weakness, which might persuade the Fed to turn cautious.
Investors are eager to understand digital currencies like bitcoin. We evaluate this ”fad” in the context of …
VanEck Starts ETF Distribution in Denmark
VanEck announced that its suite of UCITS Exchange Traded Funds (ETFs) is now registered for distribution in Denmark. The registration of the VanEck Vectors UCITS ETFs in Denmark marks the next step in the expansion of the firm’s ETF business in Europe. Going forward, Danish investors will have access to all fund information, research, investment themes, and other services relating to the VanEck UCITS ETFs. VanEck Starts ETF Distribution in Denmark.
“We are committed to making our funds and services available to European investors, and registering …
Gold Reacts to Fed Hawks in June
VanEck Joe Foster Gold Reacts to Fed Hawks in June
Gold continued its range-bound trading pattern, fluctuating between $1,200 and $1,300 per ounce since January. In June the price fell $27.39 (-2.16%) to end the month at $1,241.55. On June 14, the Fed raised rates for the fourth time in this rate hiking cycle. A common pattern emerged for the first three rate hikes with gold price weakness ahead of the hikes, followed by a rally to higher prices immediately after each hike. This pattern …
Gold Reacts to Dwindling Reflation Trade
Market Review – Gold Reacts to Dwindling Reflation Trade
Weak U.S. Dollar, Economic and Political Stability Support Gold Price Recovery
The gold price changed very little in May, recovering towards the end of the month after early weakness brought on by the French presidential election and the FOMC (Federal Open Market Committee) meeting. From the first round of the French elections on April 23 to the final round on May 7, markets became increasingly convinced that the pro-EU candidate Emmanuel Macron would win the election. This pressured …
Weaker US Dollar, Investment Demand Sustains Gold’s Momentum in April
Weaker US Dollar, Investment Demand Sustains Gold’s Momentum in April by Joe Foster, Gold Strategist
Gold’s positive momentum continued in April. Bullion traded as high as $1,289.60 per ounce on April 18, driven primarily by weaker than expected U.S. economic data. Most notably, figures released in the jobs report were below expectations and additionally, U.S. factory output surprised on the downside. Gold also gained support from comments by President Trump during an interview on April 12, in which he stated that the …
Gold Follows Rate Hike Pattern
Gold and Precious Metals Weakness to Rally: Gold Follows Rate Hike Pattern
Rate Increase and Political Uncertainty in U.S. are Primary Drivers in March
Expectations around the Federal Reserve’s (Fed) March 15 rate announcement were the principal drivers of the gold market in March. U.S. economic statistics have been somewhat positive recently, leading the market to expect the Fed to become more hawkish and to perhaps even guide for four rate increases in 2017 (one more than the Fed had announced in December). As a result, gold was …
Gold’s Resilience Strengthens in February
Gold Responds Strongly to Normally Adverse Conditions
Gold’s Resilience Strengthens in February. Gold moved through the $1,200 level and showed resilience in February as a number of normally bearish factors failed to weaken prices. Federal Reserve Chair Janet Yellen’s mid-February testimony to Congress indicated tighter monetary policies, and subsequent comments from regional Fed presidents reinforced Yellen’s hawkish views. This lifted the market odds for a March Fed rate increase and in response the U.S. dollar strengthened considerably, with the U.S. Dollar Index (DXY)1 up 1.9% for the …
Börsen stärks på räntebesked
Aktiemarknaden, såväl den svenska som den amerikanska börsen stärks på räntebesked från FED. Beskedet om att FED skulle genomföra den första av årets tre aviserade räntehöjningar var väntat. Den amerikanska centralbanken Federal Reserve har som väntat höjt sin styrränta med 0,25 procentenheter till intervallet 0,75-1,00 procent.
Det amerikanska referensindexet S&P 500, och de börshandlade fonder som investerar i detta index, till exempel SPDR S&P 500 ETF (NYSEArca: SPY), iShares Core S&P 500 ETF (NYSEArca: IVV) och Vanguard 500 Index (NYSEArca: VOO), steg samtliga på räntebeskedet.
Den amerikanska ekonomin har …
Gold Supported by Cracks in Market Confidence
Say Hello to the New Market Obsession
Gold Supported by Cracks in Market Confidence. Since the financial crisis of 2008-2009, markets have been obsessed with what the Federal Reserve does or doesn’t say or do. This past January, the Fed was relatively quiet, giving no indications of an early year rate increase. This silence has forced the markets to find a second obsession: The Trump Administration. It appears as if there will be at least four more years of obsessing over President Trump’s actions and …