Gold and Silver Close Mixed While Miners Advance Friday, August 27, 3:49 PM ET, by Market News Video Staff Despite making strong moves higher, spot gold prices ended the day lower by $0.50/oz and ...
Weekly ETF Leaders and Laggards: GDX, EMFN Friday, August 27, 4:21 PM ET, by Market News Video Staff The Gold Miners ETF (GDX) outperformed other ETFs this week, up about 4.1%. Components of ...
Gold Edges Higher, Miners Head Lower Monday, August 30, 3:25 PM ET, by Market News Video Staff In afternoon trading today, spot gold prices edged higher as the US markets struggled to ...
Tax Compromises Helps Some Investors More than Others
By Market News Video Staff, Monday, December 13, 1:16 PM ET
On Monday, stocks were heading higher and bonds were headed lower ahead of the Senate tax vote this afternoon. The markets are signaling that they expect Congress to pass the tax compromise reached between President Obama and the Congressional Republicans this month. If the vote passes, investors across all income levels will see the Bush tax cuts extended by an additional two years, as well as, a one year reduction to employee Social Security taxes and an extension to unemployment benefits. While some expect these measures to benefit the US economy in the shorter term, many economist are concerned that the $900 billion being added to the national deficit will have a negative long term effect -- especially to the US dollar.
However, one sector of the market that has welcomed the ballooning budget defecit is the commodity sector, as a weaker US dollar translates into higher commodity prices. So far this year, the SPDR Gold Shares ETF (AMEX:GLD) has climbed nearly 27% and the iShares Silver Trust (AMEX:SLV) has soared nearly 75%. Many expect these prices to continue climbing as the current policy of printing money will eventually result in much higher rates of inflation in the US.
And investors have found more than one way to play the commodity boom this year. By taking on a little more risk, investors have looked to the individual mining companies as a way of playing the uptrend in gold and silver. Companies like Silver Wheaton (NYSE:SLW) and Newmont Mining (NYSE:NEM) have done very well this year, capitalizing on the strong commodity prices. And for those will to take on even more risk, smaller players like Silvercorp Metals (NYSE:SVM) and Gold Resource Corp (AMEX:GORO) have fared even better.
For investors looking to gain exposure to the commodity boom through mining stocks, but aren't confident enough to make their own choices can look at some of the Market Vectors ETFs. The Market Vectors Gold Miners ETF (AMEX:GDX) focuses on the larger mining companies and includes companies like Newmont Mining and Silver Wheaton in their portfolio. And the Market Vectors Junior Gold Miners ETF (AMEX:GDXJ) focuses on smaller mining companies and includes companies like Silvercorp Metals.
For a full list of holdings for both Market Vector ETFs, see the GDX Holdings page and the GDXJ Holdings page.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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