RING News and Press, iShares MSCI Global Gold Miners ETF From 02/22/23

Summary Despite a 15% decline from its January peak, the GDX is by no means cheap, with a PE ratio of 28x and a price-to-free cash flow ratio of 38x. Even at current gold prices, miners are barely able to generate enough free cash flow to raise their dividends, and recent gold price dec...

Summary Depending on which camp you "subscribe" to, inflation will either get entrenched in the economy or completely vanish. I don’t belong to either camp and think less about what could happen and worry more about protecting myself if it happens. Gold as a store of value ha...

Summary You need to get ready for the next run above 2000 in Gold and possibly 30 in Silver. Miners will soar even higher in percentage terms. DXY rallied on a dovish ECB, pushing the euro down and DXY higher. The RSI is approaching extreme oversold levels at ~30. The MACD Histogram...

Summary Gold had a strong start to the year. As we enter 2023, it seems the market’s concerns around economic growth, both in the U.S. and globally, are starting to intensify, providing support for gold prices. Historically, it is investment demand that drives the gold price ...

Summary Awareness that modern slavery is a social evil and investment risk continues to grow, putting investors in a pivotal position to identify and root out this risk across industries. The United Nations Sustainable Development Goals aim to eradicate modern slavery by 2030, and in De...

Summary GDX offers exposure to larger cap companies in the gold space, while GDXJ is tilted towards smaller ones. Both ETFs offer pretty similar cost structure, but GDX trades at higher multiples and offers better dividend yield. Even in a gold bull market, GDX has historically outp...

Summary It's a substantial advantage if an investor understands the story and spots the catalysts before the market. There are many aspects that need to be analyzed when looking at mines or projects and determining whether they are solid or not. I can give countless examples of how ...

Summary Annual gold demand (excluding OTC) jumped 18% to 4,741t, almost on par with 2011 - a time of exceptional investment demand. 2022 saw a record annual average LBMA Gold Price PM of US$1,800/oz. Indian gold demand remained robust compared with longer-term pre-pandemic levels. ...

Summary Gold has seen a bounce since inflation spiraled in the latter part of 2022. If you believe a market moves in waves of buying and selling, you will know that on the macro chart, Gold has only formed what could be perceived as a wave one. We will look at where the two missing ...

Summary The iShares MSCI Gold Miners Index faces major headwinds in the form of still-elevated valuations, weak long-term growth prospects, and an increasingly precarious gold price outlook. On a trailing basis, the P/E ratio on the MSCI Global Gold Miners index is 22.1x, despite profit...