RE:Gold at 1900$ and this stock is dead in the water at 5$Goldziggy wrote: What a joke. This is starting to look like dead money till a buyout. Very frustrating hold here
If you are interested in the gold mining sector but would just like your investment to ride any wave re. the gold price or gold stocks without trying to pick winners or losers, there are two ETF options you my wish to consider:
XGD Large gold producers, streaming companies, and companies that are moving toward building their first mine. Market cap weighted, so just 4 stocks (NEM, ABX, FNV, AEM) out of 43 total holdings represent about 55% of the entire portfolio. I think this option would do the best at following the price of gold as the vast majority of its weighting are either producers or streamers that can immediately benefit from the price of gold as they are currently pouring or acquiring and selling ounces.
ZJG Junior Gold companies, some of which overlap with XGD, but obviously consist of smaller gold producers along with companies that are moving towards building a mine. Gold-producer heavy though, so again, this ETF should (theoretically at least) also move with the price of gold. Higher risk than XGD of course.