Don’t Forget About Gold
The stock market rallied yesterday and recovered some of its losses, but today is showing a lot of strength in the Gold Mining Companies and Gold ETF (exchange traded funds) ticker GLD. Kinross Gold $13.54 a share up %3.84 so far today, ticker KGC; Newmont Corp $560.20 up 2.97% ticker NEM; Agnico Eagle Mines LTD, $110.67 up 4.57% ticker AEM. Interestingly, RTX is up today as well to $125 and change per share. They are a defense company and govt. contractor, so that makes sense. It is Raytheon www.rtc.com. Also peak at GLD which is the SPDR Gold Shares ETF (Spider Gold Shares Exchange Traded Fund) a $92.6 billion in assets. It is a commodity-related product. It is a fund company run by SPDR State Street Global Advisors. It was started on 11/18/2004. It is commodity focused. It has a gross expense ratio of 0.40% .https://www.spdrgoldshares.com
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