Metal and Mining Stocks Catch A Bid Friday, August 27, 2:38 PM ET, by Market News Video Staff In Friday afternoon trading, the SPDR S&P Metals and Mining ETF (XME) is trading higher ...
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 ...
By Market News Video Staff, Monday, April 11, 11:14 AM ET
Chinese industrial production expanded 14.9% year-over-year, surpassing the 13.3% growth rate in February 2010. The ever-expanding Chinese economy is straining world-wide demand for industrial metals. In the US, light vehicle sales for 2011 year-to-date are up 20.2% from a recent low in 2010, further bidding up metal prices. With a sluggish recovery underway in Europe and North America and emerging markets enjoying unprecedented growth, metal prices are set to raise even further, making metals and mining-sector exchange traded funds potentially lucrative options.
As gold prices hit another record at $1,478 per troy ounce, the Market Vector Gold Miner Trust ETF (AMEX:GDX), which tracks the Amex Gold Miners Index, yielded 12.5% in the past month alone. The ETF invests in global silver- and gold-mining companies and boasts Barrick Gold Corp. (NYSE:ABX) as its biggest holding, comprising 14.7% of the overall portfolio by value.
For a complete list of holdings, visit the GDX Holdings page on ETFChannel.com
In terms of base metals, the S&P Metals and Mining ETF (AMEX:XME) offers a fund that tracks the performance of industry stocks. The fund is up 12.1% in the past month. Roughly 2.65% of the ETF’s portfolio is in Alcoa (NYSE:AA) stock and the aluminum giant is set to release 1Q 2011 earnings after the bell that should reflect higher aluminum prices and thus higher net income. The fund is also heavily weighted towards the steel industry (27.4%) which should drive returns as steel prices trend upwards.
For a complete list of holdings, visit the XME Holdings page on ETFChannel.com
The DJ Emerging Markets Metals & Mining Titans Index Fund (AMEX:EMT) is one way to tap into the booming extractive industry in emerging markets. The fund has jumped 8.4% in the past month on the back of higher commodity prices. The fund’s two biggest holdings are in Brazil’s Vale (NYSE:VALE) and Russia’s Norilsk Nickel. As both the Russian ruble and the Brazilian real are appreciating relative to the greenback, an investor in EMT gets the upside from both higher commodity prices and a weaker dollar.
For a complete list of holdings, visit the EMT Holdings page on ETFChannel.com
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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