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Below my transactions (older than 1 month) from group K: info
ETF provider: VanEck Vectors (Van Eck Global)
Ticker: GDXJ
ISIN: IE00BQQP9G91
Currency: Euro
Exchange: Borsa Italiana
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.
Mission accomplished.
ETF provider: L and G
Ticker: AUCO
ISIN: IE00B3CNHG25
Exchange: Euronext Amsterdam
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.
Various purchases over the past years. It has been going very fast recently and the graph appears to be topping out. Despite the fact that I expect a much higher gold price and much higher gold mining stocks included in this ETF still got out. It has to do with the working method of this ETF website. The intention is to get in and out every time. Securing profits and then waiting for opportunities to re-enter. The way we work with our gold mining stocks website is different. It is buy and hold and the focus is not on securing profits, but on staying there for the much longer term. Should this ETF fall, I will wait for the right time to buy again and build a position.
Multiple purchases and completely disembarked. It has gone very fast recently. This means a chance of top formation.
Despite the recent declines in the gold price, the gold price is still higher than a year ago (then $ 1300). The average gold price over the first quarter has not been as high in 7 years. The profits of gold mining companies will rise sharply on both an annual and a quarterly basis. Still, the gold mining stocks included in this ETF are extremely low. A year ago with a gold price of just $ 1300, the price of this ETF was about the same as it is now. I therefore expect a significant increase.
Mission accomplished. Has not been reached today but previously. Just overlooked.