RING News and Press, iShares MSCI Global Gold Miners ETF From 09/12/22

Summary Gold has rarely seen more shorts than longs over the past decade and is the only precious metal currently positioned net long (+22.29%). With a net 9.24% of open interest positioned short, that is the most pessimistic positioning reading since May 2019. As speculators ...

Summary The main economic data release for the trading week is the US inflation report. The UK economy is in a precarious position and facing a recession. Chinese President Xi is expected to meet with Russian President Putin at the Shanghai Cooperation Organisation summit in U...

Summary Mining can have adverse environmental consequences. It often requires large surface areas, which can damage biodiversity, and processing can cause high emissions as well as water and soil pollution. Host communities of the natural resource sector are vulnerable to potentia...

Summary The GDX has seen one of its most intense periods of weakness relative to the price of gold since the panic liquidation seen during the height of the Covid crash. The weakness has been in part caused by rising in oil prices, which have eaten into earnings, but the recent ri...

Summary Gold prices are moving closer to March 2020 COVID lows, exacerbated by Fed Chair Powell's hawkish address at Jackson Hole last week. Investors remain concerned about surging yields and USD strength. Coupled with the worsening energy crisis that seems unabated, it has been ...

Summary Gold miners are paying out record dividends today, with little fanfare from Wall Street. Cash yields are higher than most U.S. equities, and are primed to rise faster if gold prices move into a multi-year uptrend. RING's concentration in the strongest and largest minin...

The destroyer of wealth, inflation, has arrived, vigorously ravaging savings and effectively reducing the purchasing power of money on a monthly basis. The impact of an aggressive monetary policy stance has driven the U.S. dollar to greater heights. Holding U.S. dollars, even at a...

Gold has broken through $1800 at least 10 times over the last two years, sometimes in an explosive fashion. Silver is similar to gold with the price ($19.07) also falling back below the 50 ($20.02) and 200 ($22.69) DMA. The gold miners have been very consistently leading the price...

The company is buying the Isabella-McCays-Bubi gold project in northwest Zimbabwe which has reserves of almost 2 Moz and an NPV of over $300 million. However, total project costs are over $350 million and most of the ore is sulfide, which is notoriously difficult to process. Even ...

The S&P Materials index closed this trading week in red, down 1.95%, one of the top losers for the five-day period. The Materials Select Sector SPDR ( XLB ) also dropped 1.36%. The commodities market felt some pressure at the start of the week, after China's econ...