|Bid||0.00 x 800|
|Ask||121.23 x 4000|
|Day's Range||120.89 - 121.31|
|52 Week Range||111.06 - 127.21|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-0.01|
|Expense Ratio (net)||0.40%|
Here's Jeffrey Gundlach's Take on What to Expect from Markets(Continued from Prior Part)Leading indicatorsAs opposed to what Trump claims about the US economy (SPY), Jeffrey Gundlach believes that weakness is evident in US economic indicators. On
Though markets rallied probably on the undervalued status and a still-steady US economy, rising recessionary fears and full-scale trade war risks should brighten the appeal of safer ETFs.
CNBC analysis using Kensho found that, given a 10-point pop in the VIX, the iShares 20+ Year Treasury Bond ETF returns an average of 2.3% ten days after. The VIX was last seen at 20.55, up from lows under 13 on May 3, the last trading day before President Trump announced increased tariffs on Chinese goods. The analysis also found that both the SPDR Gold Trust and the iShares Gold Trust outperform with returns of about 0.9% on average.
Gold and gold-related ETFs are making the leaderboards Monday morning as trade wars between China and the U.S. heat up.
Renewed trade clash between the United States and China has prompted investors to re-access their portfolio, leading to higher demand for safe-haven avenues or lower-risk securities.
The precious metal has disappointed investors this year, but has the potential to rise in the second half if it can overcome some head winds.
Gold: Analysts Are Bullish despite Weak Performance in 2019(Continued from Prior Part)Deutsche BankLike many other analysts, Deutsche Bank (DB) is also bullish on gold (GLD) prospects. As reported by Barron’s, Deutsche Bank analyst Chris Terry
Gold: Analysts Are Bullish despite Weak Performance in 2019(Continued from Prior Part)Bank of America Bank of America Merrill Lynch is overweight on precious metals in 2019. One of the key arguments that Bank of America has, which supports its
Gold: Analysts Are Bullish despite Weak Performance in 2019(Continued from Prior Part)Credit Suisse Credit Suisse (CS) is positive about gold prices (IAU) in 2019. The bank expects gold prices to average $1,280 per ounce in 2019 and $1,300 in 2020.
Gold: Analysts Are Bullish despite Weak Performance in 2019(Continued from Prior Part)Goldman Sachs is bullish on gold prices Gold prices (GLD) haven’t been going anywhere for the past few months. However, Goldman Sachs (GS) is still bullish on
Record high U.S. market in April was the result of a strong economy, slew of unicorn IPOs, stabilization in the oil patch, better-than-expected corporate earnings and a dovish Fed.
Gold: Analysts Are Bullish despite Weak Performance in 2019Gold’s price performance Gold prices have fallen 3% YTD (year-to-date) as of April 26. Gold prices fell ~1.9% in 2018 and significantly underperformed broader markets. The S&P 500
Checking In on Gold Miners Ahead of Their Q1 2019 Results(Continued from Prior Part)Analysts’ forecasts Analysts’ revenue estimates for gold miners (GDX) are important to track as they give us a good idea about their gold price (GLD) outlook and
AEM Beats Q1 Earnings and Revenue Estimates, Wall Street BullishAgnico Eagle Mines’ Q1 2019 resultsAgnico Eagle Mines (AEM) released its Q1 2019 results yesterday and held the accompanying conference call today. Its earnings per share (EPS) were
Newmont Mining Beats Q1 Earnings Estimates(Continued from Prior Part)Newmont-Goldcorp mergerAs we highlighted in Newmont (NEM) and Goldcorp Merge, Form World’s Largest Gold Company, the merger of Newmont and Goldcorp was completed on April 18.
Newmont Mining Beats Q1 Earnings EstimatesNewmont Mining’s earnings beat estimatesNewmont Mining (NEM) released its Q1 2019 earnings on April 25 before the market opened. It held a conference call the same day at 9:00 AM EST. The company beat
Checking In on Gold Miners Ahead of Their Q1 2019 ResultsGold prices Gold prices have fallen 3.6% this year after falling ~1.9% in 2018, significantly underperforming broader markets. As of April 24, the S&P 500 (SPY), Dow Jones Industrial
What’s in the Cards for Newmont Mining’s Q1 Results?(Continued from Prior Part)Analysts’ expectations Analysts expect Newmont to report revenues of $1.83 billion for the first quarter. This estimate implies growth of 0.5% year-over-year. Its
Newmont and Goldcorp Merge, Form World’s Largest Gold Company(Continued from Prior Part)World’s largest gold-mining company The completion of the Newmont Mining (NEM) and Goldcorp (GG) merger on April 18 created the world’s largest gold
Will Yamana’s Chapada Mine Sale Improve Shareholder Returns?Yamana Gold sells Chapada mine Today, Yamana Gold (AUY) announced that it has agreed to sell its fully owned Chapada mine to Lundin Gold (LUNMF) for $1 billion. Chapada is primarily a
Why Is Deutsche Bank Bullish on Gold?(Continued from Prior Part)Deutsche Bank upgraded Barrick Gold Barron’s reported that Deutsche Bank (DB) analyst Chris Terry has increased gold’s (GLD) (IAU) target price to $1,350 per ounce for 2019. Due to
How Gold and Gold Miners Performed in Q1(Continued from Prior Part)Eldorado Gold’s significant outperformance Eldorado Gold (EGO) significantly outperformed its peers (JNUG) (GDXJ) as well as gold (GLD) in the first quarter with a gain of 60.8%.