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.
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
In 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
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