ETF provider: VanEck Vectors (Van Eck Global)

Ticker: GDXJ

ISIN: IE00BQQP9G91

Currency: Euro

Exchange: Borsa Italiana

The gold price is under some pressure. Investors are overestimating taping. Now that economic figures are deteriorating, it is even questionable whether the FED can still taper this year. Jerome Powell indicated yesterday that contrary to what he previously indicated, inflation will remain high into 2022. The US political battle over the debt ceiling is causing a lot of uncertainty. To date, no response to the gold price. But if tensions continue to rise, that will happen. Meanwhile, all prospectors have in declines overshooted the gold price itself excessively. There is an oversold situation.

ETF provider: VanEck Vectors (Van Eck Global)

Ticker: GDXJ

ISIN: IE00BQQP9G91

Currency: Euro

Exchange: Borsa Italiana

Tonight we get the Fed decision. This could have consequences for the gold price. With the purchase of this ETF, I assume that the FED will not taper yet. Gold investors can react with relief to this. It is still a question mark what the FED will say about inflation. It will become increasingly difficult to maintain that high inflation is temporary. What makes this ETF extra worth buying is that junior gold miners have fallen sharply this year. That while the gold price itself has mainly moved sideways this year. The gold price is today 7% lower since the beginning of this year. This ETF is down more than 20%. If the gold price rises, this ETF will follow in the superlative.

ETF provider: VanEck Vectors (Van Eck Global)

Ticker: GDXJ

ISIN: IE00BQQP9G91

Currency: Euro

Exchange: Borsa Italiana

The price of gold has fallen because of the US jobs figure. Investors fear a rate hike. Given the high unemployment rate, that will not come yet. The current gold price is still good news for prospectors. For prospectors, the gold price must be high enough that if enough gold has been found, a gold mine can be started profitably. With a gold price above 1200 dollars, this is not a problem in most cases. Even gold mines with high production costs are almost always under $1500 an ounce. With the current gold price, one can later start a profitable gold mine and can therefore now raise enough money for drilling. The question of whether one can find enough gold, of course, remains a risk. But that is always there and has nothing to do with the gold price itself.

ETF provider: VanEck Vectors (Van Eck Global)

Ticker: GDXJ

ISIN: IE00BQQP9G91

Currency: Euro

Exchange: Borsa Italiana

Compared to the gold price, this ETF is very low. Almost every gold mine can be made profitable with the current gold price. This ensures that prospectors who have the chance to find enough gold to start a gold mine have no trouble raising money for drilling. Last year and also at the beginning of this year there were major backlogs in laboratories. Then it was many months of extra waiting for drilling results. That put the stock price under pressure. Backlogs are now being cleared and laboratories are ramping up capacity. Drilling results will then be faster and stock prices will be under pressure for less time in anticipation of those results.

ETF provider: VanEck Vectors (Van Eck Global)

Ticker: GDXJ

ISIN: IE00BQQP9G91

Currency: Euro

Exchange: Borsa Italiana

In anticipation of the FED tonight down. Inflation is on the rise. This will also cause the gold price to rise. The current gold price is high enough to raise money for drilling. New drilling programs are therefore no problem for the prospectors included in this ETF. At the current gold price, mining companies are making enough profit to acquire one of the seekers included in this ETF. Things are already looking good at the current gold price. If the gold price continues to rise due to rising inflation, it will only get better.

ETF provider: L and G

Ticker: AUCO

ISIN: IE00B3CNHG25

Currency: Euro

Exchange: Euronext Amsterdam

The rising yields have caused the gold price to fall sharply. We cannot use rising yields, which will make borrowing money more expensive, in the current corona crisis. I therefore expect central banks to intervene to push those yields down. If central banks take action, the gold price will rise again. The demand for physical gold is still there. Gold coins and bars are becoming less and less available. Later this year, rising inflation will further increase demand for gold. If the gold price rises, this gold mine ETF will rise even faster.