In spite of the steady climb in gold’s spot price since the beginning of 2011, the overall share price of gold mining companies has not followed suit, particularly in the majors. Gold is up about 4.6 percent since January while gold mining stock indexes have shown a drop of as much as 10 percent.
ETF Securities USA LLC announced that total assets for its US projects are worth over $4 billion.
ETF Securities announced that it has launched another First-to-Market ETF product. ETFS Physical Asian Gold Shares (AGOL) is the first US precious metals product to be vaulted in Asia.
ETF Securities USA LLC announces that the total assets under management of its six products now exceed $3.5 Billion as of January 4th, 2010.
Overall, the gold price is up 11 percent in the last three months, and over the last year the spot price is up by 24 percent. The price of physical gold has outperformed most other major asset classes following the global financial crisis, appreciating by approximately 67 percent while equity markets, are still in negative territory.
Knowing where to look for the best returns has a lot to do with understanding the “when” of the business cycle and how to take advantage of the situation as it presents itself.
Goldseek.com reports GDXJ made a key breakout in September and continued to soar into early November.
ETF Securities USA LLC (ETFS) announces that the total assets under management of its five products.
Juan Carlos Artigas, Investment Research Manager, the World Gold Council commented, “the third quarter of 2010 was again marked by mixed economic news from markets around the world. While emerging economies continue to recover, central banks in developed markets appear ready to keep monetary policy accommodative as long as necessary to spur growth. In particular, statements by the Federal Reserve, coupled with a large trade deficit and record levels of debt outstanding, started to put pressure on the US dollar and increase long-term inflation expectations.”
The considerable appetite for commodity exchange traded funds (ETFs) is relatively easy to explain, as prior to the launch of these products many investors did not have an efficient and comparatively reasonable means of exposure into the asset class.
Tuesday, May 10, 2011