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While I personally prefer physical gold as a means to safeguard against growing financial and economic risks, GLD is a convenient way to temporarily increase or reduce gold exposure. GLD moves in tandem with the gold spot price. At the moment, there is a growing list of factors ...
Materials stocks dropped over 17% in the first half of 2022 , compared with a 21% drop for the SPDR S&P 500 Trust ETF ( SPY ). Materials Select Sector SPDR ETF ( XLB ) was also down over 19% during the period. Industrial metals have had a rough six months, hurt by so...
Basic materials sector plunged 16.3% in Q2 and 10% for the past 12 months. The industry is trading at a PE ratio of 24.3x, lower than its 3-year average PE of 27.1x. Top five gainers in the basic materials sector in Q2 (stocks with a market cap of over $2B): Sigma Lithium ...
Basic materials sector plunged 14.1% for the month of June and 19% on YTD basis. The industry is trading at a PE ratio of 24.3x, lower than its 3-year average PE of 27.1x. Analysts are positive on the Construction Materials industry with annual earnings growth expectation of 19% ove...
KARO is overlooked by the market and undervalued. Growth is strong and shows no signs of slowing. Trading volume is keeping institutions from opening positions. Karooooo Ltd. (KARO) is an under-covered telematics provider operating mainly in South Africa and to a lesser-...
The Segovia Operations gold complex has an NPV of $241.6 million and I think that the mine life will increase significantly over the coming years. GCM Mining also owns the Toroparu gold project in Guyana, which has an NPV of over $1 billion at today's price of gold. In addition, i...
Goldman Sachs has recently raised its year-end 2022, gold price target to $2500/oz, signaling a strong 2022 after gold prices ended 2021 down approximately 4%. Last year’s strong economic recovery and growth created conditions for the decline in gold, as investors moved to risk...
For the past month, gold has been consolidating within a tight range around $1850. The data suggests the next move is most likely up. It’s very possible that the jobs data in two weeks will be weak. This could give the Fed the cover needed to start rolling over, proving that th...
The material sector closed this trading week in green, with S&P 500 Materials registering 2.53% gain and the Materials Select Sector SPDR ETF (NYSEARCA:XLB) up 2.07%. Iron ore prices fell over 8% on Monday as steel mills idled blast furnaces due to growing pessimism over th...
As inflation rises and recession looms in, people tend to invest more in gold, which in turn is expected to benefit the gold miners’ equity shares and ETFs. Energy and commodity funds (including the leveraged bull funds) have generated growth during 2022, while gold funds have ...
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2024-07-24 06:38:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-02-12 08:26:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2023-12-24 12:10:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...