Introduction
The performance of 4 gold mining category ETFs – producer, developer, explorer, and a royalty/streaming companies – provide a complete overview of the sector and they are tracked in the MunAiMarkets Gold/Silver ETFs Portfolio.
The MunAiMarkets Gold/Silver ETFs Portfolio
- The VanEck Gold Miners ETF (GDX):
- Focus: consists of producer companies that operate fully functioning mines that extract and sell gold
- The VanEck Junior Gold Miners ETF (GDXJ):
- Focus: consists of developer companies that take over once explorers find a promising deposit conducting feasibility studies to determine if the deposit can be mined profitably, work on securing permits, financing, and planning the construction of the mine.
- The Global X Silver Miners ETF (SIL):
- Focus: consists of explorer companies that are searching for new silver deposits by conducting geological surveys, drilling, and sampling and are referred to as “junior” mining companies.
- The Sprott Junior Gold Miners ETF (SGDJ):
- Focus: consists of explorer companies that are searching for new gold deposits
- The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAL):
- Focus: consists of companies (merchant “bankers) that provide alternative financing to mining companies by purchasing future production (i.e. streaming) or revenues (royalty) in exchange for upfront cash payments.
In total, the above 5 gold/silver related ETFs encompass 87% of the gold/silver ‘mining” sector (i.e. 253 companies).
In addition, there are 2 precious metal bullion ETFs, namely:
- The SPDR® Gold Shares ETF (GLD):
- Focus: provides investors with exposure to the price of gold
- The iShares Silver Trust ETF (SLV):
- Focus: provides investors with exposure to the price of silver
Click on the links provided below to access specific information on each portfolio and each constituent in each portfolio:
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Portfolio Performances:
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To determine the current Portfolio Performances at any time during the Day go HERE (see “Today’s Gain” in top left-hand corner) .
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To determine the historical Portfolio YTD, 1M, 6M and 1Y Performances, go HERE, Add Specific Portfolio Symbols, Scroll Down to Portfolio Performance Settings & Click on Calculate Performance, Scroll Down to Portfolio Performance Chart & Specify Time Period and Scroll Down to Returns by Period. Here’s an example.
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Constituent Stock Performances:
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For current LIVE stock price (updated as it changes) go HERE, Click on Stock Name under Graphic of Portfolio on the MunAiMarkets Home Page. Not yet available.
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For 1D, 5D, 1M, 6M, YTD and 1Y percentage changes in Stock Price go HERE, type in Stock Symbol, and Click on Time Period
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For Stock Price History in Chart Form go HERE, Click on Stock Name under Graphic of Portfolio on the MunAiMarkets Home Page. Not yet available.
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- Constituent Holdings: Go HERE, type in ETF Symbol and Click on Holdings
- Constituent Mgmt. Expense Ratio: Go HERE and type in ETF Symbol
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Constituent Statistics:
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Go HERE, Click on the Graphic of Portfolio on the MunAiMarkets Home Page, and Scroll down to Constituent Performance Comparisons. Not yet available.
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Constituent Financials:
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go HERE, type in Stock Symbol, and Click on Financials
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- Reasons Behind Constituent Price Changes:
- Go HERE and ask “Why did x ETF change price this week?”
- Constituent Price to Gold (Silver) Price Ratio: Go HERE, type in ETF Symbol and divide by price of GLD or SLV ETF. (Prevailing gold prices overwhelmingly drive gold mining profits and, looking at gold stock price levels relative to gold bullion provides the extent of under- or over-valuation of the stock category.)
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Latest Articles:
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Go HERE, type in Stock Symbol, and scroll down to Recent News
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Need help? Any questions? If so, send me an email here.
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