“My vote would be for gold because it has thousands of years of a historical record as a store of value, has one-fifth the volatility of bitcoin, and doesn’t face the same competition risk,” said David Rosenberg of Rosenberg Research, former Chief Economist and Strategist for Merrill Lynch Canada and Merrill Lynch in New York. “The day that Queen Elizabeth trades in the five pounds of gold in her crown for crypto is the day I’ll shift course.”
GDX seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE® Arca Gold Miners Index®. The index is a modified market-capitalization weighted index primarily comprised of publicly traded companies involved in the mining for gold and silver.
Spiking Treasury yields are irking investors as they fear the rise could affect high-growth companies that count on the bonds for easy borrowing. These yields also limit the desire for risk appetite and stocks.
Key stocks and ETFs like the
Vanguard Information Technology ETF (VGT) are falling, as Apple, Amazon, Microsoft, Netflix, and Alphabet all traded at least 1% lower. Meanwhile, energy ETFs like the
Treasury Yields Moving Upwards
The 10-year Treasury yield surged 14 basis points last week to 1.34%, near its highest level since February 2020. The benchmark yield reached a high of 1.37% before flattening out, making for a collective pop of 25 basis points in February.
Commentary: Here s how green bonds will take Singapore s reputation as a finance hub to the next level channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
By Maria Smirnova, Senior Portfolio Manager, Sprott Asset Management
We live in unprecedented times. As the world’s population grows and industrialization takes hold in more corners of the world, climate change is accelerating, and, in response, humanity’s concern for our planet’s health is growing. The teenage activist Greta Thunberg put it best: “I want you to act as if the house is on fire, because it is.” [1]
As clean energy initiatives gain traction, greater attention is being paid to the critical roles of various metals and minerals. Access to these valuable materials has become critically important, which is why several resource-rich nations, including Canada and Australia, have joined the United States in establishing the Energy Resource Governance Initiative (ERGI), an alliance to disseminate best practices for discovering and developing reserves of minerals used to make electric vehicles.[2]