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Below my transactions (older than 1 month) from group K: info
Mission accomplished.
ETF provider: VanEck Vectors (Van Eck Global)
Ticker: GDXJ
ISIN: IE00BQQP9G91
Currency: Euro
Exchange: Borsa Italiana
The gold price is still under pressure today. Most December gold futures are now closed. That is why I expect that the fall in the gold price will also stop. In December we will get the ECB and the FED. The US government's support plan will also come at some point. More stimulation and the gold price will rise. A number of the prospectors included in this ETF are experiencing laboratory backlogs. It is therefore a long time to wait for drilling results. When those results come, the shares of those gold miners can go up again.
ETF provider: L and G
Ticker: AUCO
ISIN: IE00B3CNHG25
Exchange: Euronext Amsterdam
The gold price and this ETF are under pressure due to vaccine hopes. Investors only focus on this. It remains to be seen whether vaccination will take place as soon as expected. The fundamentals with an extremely low interest rate, printing money and more and more money to the consumer causing inflation to rise are still excellent for gold and this ETF. That Janet Yellen an advocate of stimulation will most likely become the new Finance Minister is also positive. In addition, we will get the FED and the ECB in December, both of which can come up with more stimulus. The support plan of the American government will also come one day. In short, things are not going well in the short term. For the longer term, it looks great.
currency: Euro
exchange: Euronext Amsterdam
The gold price is around 1900 dollars high enough to generate hefty profits for gold mining companies. Yet those mining shares are still lagging behind. If the stock market falls, they will unjustifiably suffer from it. Mine closures due to corona earlier this year did not benefit production. The fear of new closures due to corona plays a role in the still low prices of mining stocks. However, the risk is not that great. Because mines are taking sufficient measures and total lockdowns, just like earlier this year, are not an issue. There will also be vaccines next year. In addition, the gold price will continue to rise because it is in a bull market.
The euro is down due to the increasing number of corona infections in Europe and therefore the dollar upward. A high dollar is not good for the gold price. Stock markets down, which also led to the shares in this ETF being pulled down. The euro / dollar exchange rate will recover quickly. Stock markets can still be lower. But investors will use the low gold price to get into the gold bull market at a discount. Many companies included in this ETF are in the process of drilling. Good drilling results can cause stocks in this ETF to soar. That is why now after a decline from this ETF stepped in.
Due to the dip in the gold price in recent days a decline. The fundamentals because of low-interest gold, lots of money printing, high US government debt and lower dollar remain strong. Mine closures due to COVID 19 have disappointed gold mining operating results in the second quarter. With the mines open again and a significantly higher gold price, business results will rise sharply. This ETF will benefit from that.
After a long rise today a dip in the gold price. That of course also had consequences for the junior mining shares. Long-term prospects for gold and junior mines remain excellent. Low interest rates, a lot of money printing, a lower dollar due to the rising national debt and in the long term, rising inflation. It turns every dip into a buying opportunity.