ETF Holds Precious Blend

Source: The Wall Street Journal, Carolyn Cui (10/21/10)

"ETF allows a one-size-fits-all solution for precious metals investors."

With demand soaring for gold, silver and other precious metals, a new exchange-traded fund is rolling out, targeting investors who want to own them all.

The ETFS Physical Precious Metals Basket Shares, which will start trading on the New York Stock Exchange on Friday, is designed to hold a blend of four precious metals: gold, silver, platinum and palladium. It will be the first precious-metal basket to be launched in the U.S.

This year, gold is up 23% and platinum up 15%, eclipsed by the gains in silver and palladium, up 42% and 45%, respectively.

Many wealth managers and financial advisers want to own precious metals but have to make a choice of which one, said William Rhind, strategic director of U.S. business development at ETF Securities Ltd., which is managing the fund. "This allows a one-size-fits-all solution," he said.

However, because prices have had such a big rally already, future gains may be tougher. Analysts said that precious metals are vulnerable to short-term corrections, especially if investor views of the macroeconomic picture change. For example, all four metals plunged Tuesday in reaction to China's surprise move to raise interest rates.

The new product marks the latest foray into the U.S. market by ETF Securities, a London commodity ETF provider. The company runs four ETFs in the U.S. to track each of the metals, with total assets exceeding $2 billion.

For the new blended product, each share will be backed by 0.03 troy ounce of gold, 1.1 ounces of silver, 0.004 ounce of platinum and 0.006 ounce of palladium. The weights are determined by the metals' global industrial demand.

The new fund will store its metals in vaults managed by J.P. Morgan Chase & Co. in London and Zurich.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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