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iShares Global Materials ETF V.MXI


Primary Symbol: MXI

The fund seeks to track the investment results of an index composed of global equities in the materials sector. The fund seeks to track the investment results of the S&P Global 1200 Materials Index (the Underlying Index), which measures the performance of companies that S&P Dow Jones Indices LLC (SPDJI), a subsidiary of S&P Global, Inc., deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. It is a subset of the S&P Global 1200.


ARCA:MXI - Post by User

Comment by wilwalon Dec 18, 2015 1:04pm
83 Views
Post# 24395767

RE:Aces High

RE:Aces HighGold didn't break the lows of Dec 2nd and 3rd, so there is some hope that it may return to the flat trading range of the last month:  $1060-1080.  It seems to really want to break down past $1050 but couldn't this time for the second try this month.  If it breaks down below $1049, then $1000 is in the near horizon.

There isn't much out there to be a catalyst to raise gold prices.  Certainly the fundamentals remain weak although improving throughout 2015.   However, one thing to note is that history favours a seasonal gold price rally in January.  Even if gold is stuck in a downtrend, we may see a nice bear market relief rally over the next month.

I agree that IMG probably has all the information at this time:  the new LOM plan for Westwood, the study results for Boto and its 43-101 update.  They probably have the Diakha 43-101 by now too.  It's all a matter of timing now for when they release it and if they do it in a January gold rally, it could boost the stock by quite a bit.   Let's hope we see 1 million oz on the Diakha Resource report and it gives MXI a nice boost too.

Yesterday's closing of the EURO Ressources deal also means they have CDN$25 million plus in cash that they had been planning to use to buying shares of EURO.  I know where they can spend it!
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