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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

Post by RichyRich$on May 23, 2015 6:28am
102 Views
Post# 23756996

Price of Gold ...

Price of Gold ...Regarding the price of Gold... Wilwal is absolutely right. The lower the price of gold goes, the more valuable Merrex's low cost mines are. Currently I have 2 thirds of my money in larger cap miners and 1 third in Merrex. If gold were to tank more to $1,000 by the end of the year and Merrex gets bought out. In that situation I would quickly take my large profits in Merrex and buy up the large cap miners such as Yamana at dirt cheap prices with leverage in a margin account. So Merrex is like a hedge against a spot gold price drop, because it ironically makes their quality mining sites that much more valuable. Vice Versa, if the large cap miners spike hard and MXI stays the same, I'll quickly sell my portion of large cap miners to buy more MXI. I am tempted to go ALL IN Merrex right now however :)
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