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Below my transactions (older than 1 month) from group K: info
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.
Mission accomplished.
ETF provider: L and G
Ticker: AUCO
ISIN: IE00B3CNHG25
Currency: Euro
Exchange: Euronext Amsterdam
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.
ETF provider: ETF Securities (L and G)
The demand for physical gold is increasing rapidly. The gold price has not been that high on average in 7 years this quarter. As a result, gold mine earnings are set to rise sharply.
ETF provider: L&G
Gold was sold by large financial institutions that had gold as a hedge against stock market falls. Gold mine shares were forcibly sold by investors who were investing with borrowed money and who ran into problems due to the stock market falls. In addition, many index trackers have been sold. Including the gold mine shares therein. Gold and the gold mine shares will recover from this. Because coronavirus fear, fear of recession and actions of central banks are going to raise gold.
I expect a further spread of the corona virus. Now there is little fear. But due to further spread there will come a time when fear will increase and the gold price and this ETF will rise.