Gold Mining ETFs: What You Need to Know
Gold prices have been rising of late thanks mainly to dovish turn by global central banks and investors’ search for safer assets amid rising market uncertainty and geopolitical tensions. Gold miners are leveraged plays on the metal, as their cash flows and earnings rise significantly with the increase in gold prices.
Yamana Gold Posts 2Q Profit, Reduces Net Debt
(Kitco News) – Yamana Gold Inc. (TSX: YRI; NYSE: AUY) late Thursday reported that the company reduced its debt while posting a profit in the second quarter.
Read moreBank of America Leaves Key Forecasts Unchanged
(Kitco News) – Bank of America Leaves Key Forecasts Unchanged
Read moreBAANG Vs. FAANG Stocks: Here’s Why You Can’t Go Wrong With These Gold Miners
(Kitco News) – Could BAANG be the new FAANG? This new basket of gold miners should not be missed this year, according to Wolfe Research, which came up with the index that includes Barrick Gold, AngloGold, Agnico Eagle Mines, Franco-Nevada and Gold Fields.
Read moreTeck Drops 5.48% After Q2 Results
(Kitco News) – Teck Resources (NYSE:TECK) missed quarterly profit estimates when it reported adjusted EBITDA of $1.2 billion and 41 cents profit per share yesterday.
Read moreDiamond Recoveries Up 34% At Firestone, But Market Unfavorable
(Kitco News) – Firestone Diamonds (LSE:FDI) announced Thursday that it recovered 208,572 carats in Q4, up 34% from its Q3.
Read moreGold, Silver Prices Dinged By Some Stronger U.S. Economic Data
(Kitco News) – Gold prices are solidly lower in midday U.S. trading Thursday, on some normal profit taking from the shorter-term futures traders and following some upbeat U.S. economic data released this morning.
Read moreNothing Wrong With Gold Versus Bitcoin Talk Says Ron Paul
(Kitco News) – With the run-ups of both gold and bitcoin this summer, the asset-classes drew comparisons and heated debates of which is the ultimate, but for former Congressman Ron Paul, the rivalry and competition is a good thing.
Read moreLook At ‘The Long Side Of Silver’ As Prices Hit One-Year Highs — Hightower Report
(Kitco News) – Gold and silver have good upside potential at the moment, but analysts at The Hightower Report are advising investors to place their bets on “the long side of silver.”
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