Category Archives for "Metals"

What is Going on with the Price of Gold?

price of gold

In today’s video I look at the Gold ETF (GLD) to see what it is telling us about the price of gold.  I also check in on the Gold Miners ETF (GDX) and Junior Gold Miners ETF (GDXJ).

The price of gold has trended up slightly so far this year. It has been a fairly choppy move.  I actually thought we were starting to see another push higher this week but it broke down and stalled out.  The Dec futures contract closed at $1280 on Friday. Continue reading

Where are the Gold Miners Headed?

price of gold

Today I am starting a series of weekly posts about the most actively traded ETFs. My initial focus will be on ETFs that invest in stocks that trade in the United States.

I am starting with the VanEck Vectors Gold Miners ETF (GDX).  GDX has a 3 month average daily volume of 73.6 million shares.  Various sources have the Gold Miners listed as either the number 1 or number 2 most actively traded ETF.

Gold Miners

The chart below is a daily chart of GDX.  I talked about GDX, GDXJ and NUGT back in a video on August 6th.  At that time I felt that these ETFs were at the end of a 5 wave run or very close to it.  I was a few days early. Continue reading

Copper and Freeport-McMoran

copperIn 2014 Freeport-McMoran Copper & Gold Inc. changed its name to Freeport-McMoran Inc. (FCX). FCX is into copper, gold, molybdenum, cobalt hydroxide, silver as well as and oil and natural gas.

I have seen several articles talking about how FCX has been in sync with oil, but when I look at copper it seems that it is still the best link. The Copper ETN (JJC) started trading in November 2007. Below is a chart showing the weekly data of JJC overlayed with the weekly data of FCX. Continue reading

Silver and the Paperboy Update

Typical Paperboy...not me... but yes I did deliver the Chicago Daily News

Typical Paperboy…not me… but yes I did deliver the Chicago Daily News

When I was 12 years old I had a morning paper route. I had this paper route for about three years.This was around 1966 to 1969. Okay so that makes me a baby-boomer…a middle of the pack baby boomer.  This paper route was a great experience…and it introduced me to silver. Continue reading

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