Seeking Alpha declare : Gold Miners Appear To Be Signaling An Upcoming Surge In Gold And Silver Again - VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) : 2017-05-12
collected by :Irax John
As it stated in The VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ), and VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), two of the most popular gold mining ETFs both hit what appear to be tradeable, short term, bottoms one week ago, following steep declines. Furthermore, recent CPI yoy (2.55% three-month average), and wage growth, up (2.7%) yoy all indicate that inflation is heating up which is incredibly favorable for gold, silver, gold miners and other gold related derivatives. Tax Reform UncertaintyTax reform has been a crucial factor in propelling markets higher while reducing volatility, thus, muting the prices of gold miners and gold related assets. In such a scenario gold miners, and gold related trading vehicles could skyrocket, as they would have the backing of an easy FED, coupled with a rising inflationary environment. However, the iShares Silver Trust ETF (NYSEARCA:SLV) and SPDR Gold Trust ETF (NYSEARCA:GLD), the leading gold and silver tracking ETFs, didn't bottom until a few days ago.
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read more visit us gold
As it stated in The VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ), and VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), two of the most popular gold mining ETFs both hit what appear to be tradeable, short term, bottoms one week ago, following steep declines. Furthermore, recent CPI yoy (2.55% three-month average), and wage growth, up (2.7%) yoy all indicate that inflation is heating up which is incredibly favorable for gold, silver, gold miners and other gold related derivatives. Tax Reform UncertaintyTax reform has been a crucial factor in propelling markets higher while reducing volatility, thus, muting the prices of gold miners and gold related assets. In such a scenario gold miners, and gold related trading vehicles could skyrocket, as they would have the backing of an easy FED, coupled with a rising inflationary environment. However, the iShares Silver Trust ETF (NYSEARCA:SLV) and SPDR Gold Trust ETF (NYSEARCA:GLD), the leading gold and silver tracking ETFs, didn't bottom until a few days ago.
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Market Vectors Gold Miners ETF(NYSE:GDX): Bullish Signs Emerge
The VanEck Vectors Gold Miners ETF (NYSE:GDX) was trading at $22.09 per share on Thursday morning, up $0.16 (+0.73%). In fact, Germany's physical gold ETF led the world in purchases by ETFs in the first quarter, according to the World Gold Council. Explorers, as tracked by the Global X Gold Explorers ETF (NYSE: GOEX), lost 14% in just three weeks. Source: World Gold Council, Gold Demand TrendsFrankfurt-listed Xetra-Gold is the fastest growing commodity ETF this year. But physical gold demand is strengthening.read more visit us gold
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