Uitgever ETF: VanEck Vectors (Van Eck Global)

Ticker: GDXJ

ISIN: IE00BQQP9G91

Valuta: Euro

Beurs: Borsa Italiana

The Fed continues to indicate that interest rates will continue to rise. The gold price and this ETF are affected by this. Gold is interest sensitive. But the economy even more so. With all those rate hikes, a recession is inevitable. A recession weighs much more heavily on gold and this ETF than interest rate hikes. The problem, however, is that investors are still not convinced that a recession is coming. But that will come. Central banks are already responding to this. In 2022 they bought a record gold and they are still buying. What is also important for these gold diggers ETF is that the large gold mining companies also make a profit at the current gold price. Always looking for areas with a lot of gold, they often buy up gold diggers. That is a trend that will gain strength if the gold price continues to rise. That will work out well for these gold diggers ETF.

Uitgever ETF: VanEck Vectors (Van Eck Global)

Ticker: GDXJ

ISIN: IE00BQQP9G91

Valuta: Euro

Beurs: Borsa Italiana

The gold price and this ETF are still under pressure due to the high dollar. However, I do not expect that dollar to rise further. In the long run, rather a decline in the dollar. The gold price is not doing too bad with a drop of 9.5% in dollars this year. However, this ETF with prospectors in it has fallen much harder.

Uitgever ETF: L and G

Ticker: AUCO

ISIN: IE00B3CNHG25

Valuta: Euro

Beurs: Euronext Amsterdam

Due to the expectation that the FED will continue to raise interest rates sharply, the gold price and thus also this ETF are still under pressure. However, those big interest rate hikes have come to an end. Especially now that US unemployment is already rising slightly. The Fed will raise interest rates again next week. But I expect this to be the last major rate hike given the economy and unemployment. Fewer or no interest rate hikes in the future and gold and with it this ETF with gold mines will rise sharply.

Uitgever ETF: VanEck Vectors (Van Eck Global)

Ticker: GDXJ

ISIN: IE00BQQP9G91

Valuta: Euro

Beurs: Borsa Italiana

The gold price and this ETF have suffered greatly from the expectation that the FED will continue to raise interest rates in significant steps. However, there is a limit to these rate hikes. The moment the American economy starts to suffer too much, there will automatically be fewer or no more interest rate hikes. In principle, it is also not just about the interest. It is the difference between interest rates and inflation. As long as interest rates are lower than inflation, buying gold is preferable. This ETF is very dependent on economic data for the short term. If it deteriorates, this ETF will rise.