Weak USD Gives Physical Gold, Silver ETFs a Kick

Source: Seeking Alpha, Tom Lydon (12/29/10)

"Gold surged past $1,400/oz. thanks to a downtrending dollar."

The blizzard that socked the East Coast certainly hasn't socked gold prices or the ETFs that track them. In fact, they're bucking the trend.

It's been a big day for the yellow metal, which surged past $1,400 an ounce thanks to a downtrending dollar. The dollar's weakness was the result of the government selling $35 billion worth of two-year bonds. Gold didn't even budge when China announced interest rate hikes, so many believe that the news had already been factored in, says Yahoo Finance.

Silver, considered a leveraged play on gold because its price rises faster, is also getting a kick in the pants from the move and has hit a fresh 30-year high, says Ebeling Heffernan. ETFS Silver Trust (NYSEArca:SIVR) and iShares Silver Trust (NYSEArca:SLV) are both up nearly 3.5% today.

Owning physical gold has never been easier, as ETFs that own gold are quite common and simple to use. According to The Economic Times, as risks become bigger in the next year within markets, physical gold investment may become even more popular.

Gold's role in a portfolio is often a complimentary one to equities. It's also a great way to help mitigate risk in times of market turbulence, a trend many investors are no strangers to over the last few years.

The demand for gold ETFs has risen by 414% year-on-year and their assets have surged 182% in the past one year (ending September 2010). Retail gold ETF assets have risen by 400% between March 2009 and Sept 2010. There are three ways to get your physical gold ETF exposure: SPDR Gold Shares (NYSEArca: GLD), iShares COMEX Gold Trust (NYSEArca:IAU) and ETFS Physical Swiss Gold Shares (NYSEArca:SGOL).

Gold Explorer Highlights 2020 Achievements and Outlook
Source: Streetwise Reports (01/29/2021)

Magna Gold Corp.'s CEO Arturo Bonillas issued a letter to shareholders outlining the firm's business and financial accomplishments in 2020 and its strategy and outlook for 2021.

Cabral Gold's channel samples at the JM target provide "further evidence that numerous high-grade veins occur within the Cuiú Cuiú district."

Explorer Completes Phase 2 Metallurgical Work for Palladium-Copper Project
Source: Streetwise Reports (01/28/2021)

Generation Mining intends to wrap up the feasibility study on Marathon this quarter.

Silver Firm Reports Q4/20 Processing, Production Numbers from Mexico Project
Source: Streetwise Reports (01/28/2021)

MAG Silver's joint venture project Juanicipio produced 230,000 ounces of silver during the quarter ended Dec. 31, 2020.

Explorer Reports High-Grade Gold-Silver Intercepts at BC Golden Triangle Property
Source: Streetwise Reports (01/27/2021)

Scottie Resources Corp. advises that the target remains open in most directions.

Golden Arrow Resources Out Exploring Again After COVID-19; Hits High-Grade Gold at Tierra Dorada in Paraguay
Source: The Critical Investor for Streetwise Reports (01/27/2021)

The Critical Investor explains why he believes "investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success."

Junior Mining Sector 'the Best Value in the Space'
Source: Streetwise Reports (01/27/2021)

The StreetSmart Live! Broadcast on Jan. 26, 2021, focused on metals and why now is a good time for investors to be looking at them and the mining space. John Newell, independent analyst and portfolio manager, and John Feneck, mining sector expert and president of Feneck Consulting, addressed the status of the current metals market. CEOs of the three metals-focused companies comprising the Metallic Group of Companies—Group Ten Metals, Metallic Minerals and Granite Creek Copper—discussed their projects.

Shenanigans Abound: Gold, Silver and Cryptocurrency
Source: Michael Ballanger for Streetwise Reports (01/26/2021)

Sector expert Michael Ballanger explores the generational trends currently shaping investment markets, including the precious metals.

MMT Survey Helps Explorer Identify New Large Target at Ecuador Property
Source: Streetwise Reports (01/26/2021)

Aurania Resources reported that data from an ongoing Mobile MT Survey identified an extensive target at Tsenken at its Lost Cities - Cutucu Project in southeastern Ecuador.