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Will The Uptrend In Gold Mining ETFs Continue?

Posted on 10 July 2014

Thanks to the global worries over militant attacks in Iraq, bleak U.S. growth data in the winter and the geopolitical tension between Ukraine and Russia, gold bullion has climbed more than 9% so far this year on its regained safe haven status.
A 20% rise was seen in net-long positions in the gold futures and options markets during the week ending July 1 and holdings in exchange-traded products rose at the best clip since 2012. While these performances have been good, events have been even better in the gold mining ETF space. Products in this category generally trade as a leveraged play on the underlying commodities, so when gold prices are rising, these mining ETFs emerge as the true winners………………………………………..Full Article: Source


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VRS - who has written 36658 posts on Opalesque Commodities Briefing.


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