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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 RichyRich$on Nov 09, 2015 12:11pm
116 Views
Post# 24273433

RE:RE:RE:RE:Why no Interest??

RE:RE:RE:RE:Why no Interest??Also keep in mind that gold might be at true longterm bottom. It's now trying to double bottom and the bears and shorts are throwing everything they have to try and drive it down to the psychological even $1,000 level. But it doesn't always work out, just like the bulls couldn't get it to a nice $2,000 psychological level. If they can't bring gold under the double bottom of $1,078 then we could be in for a good 3 year gold rally to $1,500. In that case the whole mining industry would rally extremely hard. Money would come back to the sector and MXI could hit $.50 even without a buyout in a year or two. It really seems like a no brainer win-win penny stock. It has a good chance of hitting $.50 with a buyout or even without one. The fact its so low due to market conditions only and not fundamentals means its an opportunity to buy more while you can at this price. I think Gold is at a bottom. The mining industry on average needs Gold at $1,200 to stay in business at break-even. That fundamentally would create a bottom price. Gold has been around for centuries, the world will not want to halt gold production as its always been a popular safe haven currency with bling. In a world where everything is digital, gold will always have that special appeal.
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