| GLD Witnessed an Inflow: What Does It Mean for Investors? | |
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Ray of Hope for Investors? Gold Rose and GLD Witnessed an Inflow (Continued from Prior Part) GLD’s holdings rise
The recent turbulence in the markets pulled gold and silver higher. The increase in the price of these precious commodities halted bearish investor sentiment. Investors started to pour money into these bullion-based funds. Gold and silver-based ETFs including the SPDR Gold Shares (GLD) and the iShares Silver Trust (SLV) rose by 1.8% and 0.23%, respectively, on a five-day trailing basis. The rise in the price of gold witnessed an increase in the inflow of funding in the SPDR Gold Shares (GLD) for three consecutive days in January. It looks like the new year has brought a ray of hope for investors in these funds. GLD’s holdings rose by 0.69% on January 8, 2016.
Miners’ performance
Besides studying the ETF’s performance, it’s also important to understand how mining stocks performed at the beginning of the year. The rise in precious metal prices increased the prices of most mining-based stocks. It gave them a break after the carnage in 2015. However, when gold and silver flattened, mining companies were in the red zone again.
Companies like First Majestic Silver (AG), New Gold (NGD), and Yamana Gold (AUY) fell by 7.9%, 7.1%, and 6.5%, respectively, on January 11, 2016. These three companies account for 7% of the price fluctuations in the Market Vectors Gold Miners ETF (GDX). GDX fell by 4.1% on January 11.
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VanEck Vectors Global Alternative Energy ETF
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PRODUCTEUR |
CODE : NGD |
ISIN : CA6445351068 |
CUSIP : 644535106 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
New Gold est une société de production minière d'or basée au Canada. New Gold est productrice d'or, d'argent, de cuivre, de plomb et de zinc au Mexique et en Australie, en développement de projets d'argent, de cuivre et d'or au Bresil, au Canada et au Chili, et détient divers projets d'exploration au Canada. Ses principaux projets en production sont PEAK MINES en Australie et CERRO SAN PEDRO, MESQUITE et CERRO SAN PEDRO au Mexique, ses principaux projets en développement sont AMAPARI au Bresil, NEW AFTON au Canada et EL MORRO au Chili et ses principaux projets en exploration sont AJAX - PYTHON, BUCK CLAIMS, 3TS, SIZZLER, CC PROPERTY, VO PROPERTY, TAK PROPERTY, MOUSE MOUNTAIN, G-SOUTH, CHUBBY BEAR, LIBERTY BELL, BOULEVARD, BOUVETTE, WIT YUKON, RAM, SLATE FALLS, PROSPECTOR MOUNTAIN, MAYO, DAVIDSON, BLACKWATER, BOULDER CREEK, CAPOOSE, NATIONAL, CORRAL CANYON et RUDE CREEK au Canada et RIO FIGUEROA au Chili. New Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 117,7 millions (110,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 07 janvier 2011 à 9,99 , et son plus bas niveau récent le 20 mars 2020 à 0,39 . New Gold possède 47 442 200 actions en circulation. |