OUNZ
VanEck Merk Gold Trust ETF  |  NYSEARCA
52wk high:13.61
52wk low:10.87
Expense Ratio:0.40%
Div Frequency:
Div Rate (ttm):-
Yield (ttm):-
Assets (AUM):$122.65M
Volume:
  • Thu, Jan. 5, 3:32 PM
    • 1.35% advance today brings gold back to $1,181 per ounce, its highest level since early December.
    • The major averages are holding up fine this week, but interest rates have declined in the new year amid some soft economic numbers and lousy numbers from retailers. The XRT is down 2.3% today and the XLF down 1.2%.
    • GLD +1.5%
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX
    Thu, Jan. 5, 3:32 PM | 9 Comments
  • Wed, Jan. 4, 5:47 AM
    • December monthly performance was: -1.89%
    • AUM of $112M
    • 52-week performance vs. the S&P 500 is: -5%
    • No dividends were paid in December
    • Top 10 Holdings as of 11/30/2016: Gold Oz.
    Wed, Jan. 4, 5:47 AM
  • Dec. 21, 2016, 2:58 PM
    • According to Bloomberg, holdings in gold-backed ETFs have declined for 28 straight days - the longest such streak since 2004.
    • The price of the metal, of course, has slumped alongside - from $1,300 per ounce to the current level of $1,133 (unchanged on today's session).
    • Also alongside, stocks, interest rates, and the dollar have moved sharply higher.
    • The rally in "risk-on" assets may just be getting started, says Ray Dalio.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX
    Dec. 21, 2016, 2:58 PM | 9 Comments
  • Dec. 19, 2016, 3:22 PM
    • Goldcorp (GG -1.3%) is downgraded to Market Perform from Outperform with a $15 price target, cut from $23, at BMO Capital, which cuts its price assumptions for the yellow metal, given near-term optimism that Trump-based policies will have a positive impact on the U.S. economy.
    • While remaining constructive on the longer term outlook, the firm does not see GG shares outperforming the peer group until several key catalysts are delivered - likely not until later in 2017 - including delivery of $250M in annual sustainable cost efficiencies by 2018 through decentralization and optimization, a return to normal production rates at Cerro Negro following a large workforce reduction, and delivery of a mine plan or updated resource estimate at Cochenour.
    • BMO forecasts gold prices averaging $1,175/oz. next year, down from an earlier outlook for $1,413, and cuts its 2018 forecast to $1,250/oz. from $1,350.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, OUNZ, DGL, DGZ, DGLD, UBG
    Dec. 19, 2016, 3:22 PM | 8 Comments
  • Dec. 16, 2016, 6:24 PM
    • Gold futures inched above yesterday's 10-month low but still fell for the sixth straight week, sinking after the Fed announced its first rate hike of the year with expectations for three more increases in 2017.
    • "The selling may not yet be exhausted... The bearish factors for gold, namely a high U.S. dollar, rising yields and equities and risk-on investor demand appetite leave bullion clearly on the defensive," HSBC analyst James Steel says.
    • Gold stocks are not yet in oversold territory but any bumps in enthusiasm about the incoming Trump administration could provide buying opportunities, J.P. Morgan's John Bridges says, while also warning that miners with higher debt loads look vulnerable in the absence of a stronger recovery in prices.
    • Bridges says Barrick Gold (NYSE:ABX) and Kinross Gold (NYSE:KGC) likely will continue to fluctuate most due to their enhanced sensitivity to gold prices while less levered names like Newmont (NYSE:NEM) and Agnico Eagle (NYSE:AEM) should be more stable, Goldcorp (NYSE:GG) remains in show-me mode as it works under new CEO Dave Garofalo to meet its new targets, and Eldorado Gold (NYSE:EGO) and B2Gold (NYSEMKT:BTG) rank among the few “growth” names left in the sector.
    • ETFs: GLD, SLV, IAU, AGQ, PSLV, PHYS, USLV, SIVR, SGOL, ZSL, UGL, DGP, GTU, UGLD, GLL, DZZ, DSLV, OUNZ, DGL, DBS, DGZ, DGLD, USV, UBG
    Dec. 16, 2016, 6:24 PM | 72 Comments
  • Dec. 15, 2016, 12:44 PM
    Dec. 15, 2016, 12:44 PM | 43 Comments
  • Dec. 14, 2016, 4:00 PM
    • The Fed hiked 25 basis points as expected, but at least somewhat unexpectedly boosted its forecast for rate hikes next year to three from two.
    • In response, interest rates and the dollar (UUP +0.9%) are surging, and gold's doing what comes naturally of late ... sliding.
    • The metal's down 1.3% to $1,144 per ounce - a price not seen since the early days of February. Gold's now off about 13% since the start of November.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX
    Dec. 14, 2016, 4:00 PM | 29 Comments
  • Dec. 5, 2016, 11:21 AM
    • After brief jitters overnight following the referendum loss and then resignation announcement from the Italian prime minister, equity investors have returned to buying low and selling high.
    • Italy's down a bit, but the rest of Europe is nicely higher, and records are being broken again in the major U.S. averages.
    • Gold was as high as $1,190 last night, but has now slid to just north of $1,160 per ounce, down 1.25% on the session. The last time the price was this low was the early days of February.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX
    Dec. 5, 2016, 11:21 AM | 5 Comments
  • Dec. 2, 2016, 10:39 AM
    • On balance, the jobs report was a strongish one, with job gains about inline, but the unemployment rate tumbling all the way to 4.6% from 4.9%.
    • A November whoosh lower in gold combined with big gains in bond yields and the dollar, however, likely discounted quite a bit of good economic news, and traders are using this morning's report as an opportunity to lighten up. Thus, gold is ahead 0.7% to $1,177.40 per ounce, while yields and the greenback both head south. The 10-year Treasury yield is off seven basis points to 2.38% and the dollar index is down 0.25%.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX
    Dec. 2, 2016, 10:39 AM | 7 Comments
  • Dec. 1, 2016, 8:49 AM
    • November monthly performance was: -8.29%
    • AUM of $157M
    • 52-week performance vs. the S&P 500 is: +5%
    • No dividends were paid in November
    • Top 10 Holdings as of 10/31/2016: Gold Oz.
    Dec. 1, 2016, 8:49 AM
  • Nov. 30, 2016, 3:06 PM
    Nov. 30, 2016, 3:06 PM | 8 Comments
  • Nov. 23, 2016, 10:30 AM
    • We'll get today's weakish data out of the way first - jobless claims unexpectedly jumped last week, and new home sales disappointed in October (and Sept.'s print was revised lower).
    • On the other hand, there was an unexpected big lift in consumer sentiment since the election, durable goods for October, surprised to the upside, and the 10-year Treasury yield has popped to more than a one-year high of 2.39%.
    • The dollar index has surged to its highest level in about a decade, with particular strength against the yen (NYSEARCA:FXY) and euro (NYSEARCA:FXE). UUP +0.7%
    • Gold, on the other hand, continues its big retreat, down 2.15% to $1,185 per ounce - its lowest price since February. GLD -2.15%
    • ETFs: GLD, IAU, UUP, PHYS, SGOL, UGL, UDN, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, USDU, GYEN, GEUR, UBG, QGLDX
    Nov. 23, 2016, 10:30 AM | 85 Comments
  • Nov. 17, 2016, 2:29 PM
    • With stocks, interest rates, and the dollar all on one-way streets higher, who needs the yellow metal?
    • Hopes for a bounce were dashed again today, with gold now down 0.8% to $1,214 per ounce, a price not seen since early June. An amateur chartist might say there appears to be decent support in the low $1,200 area, but a break through that means the coast is clear until $1,100 or less.
    • The metal has now given up about $100 per ounce since early November.
    • GLD -0.8%
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX
    Nov. 17, 2016, 2:29 PM | 33 Comments
  • Nov. 16, 2016, 7:15 PM
    • Gold mines are on the verge of peak production as the pipeline of new withers, supporting prices and delivering a new impetus for dealmaking and industry consolidation, Goldcorp (NYSE:GG) Chairman Ian Telfer tells Bloomberg.
    • The number of deals in the gold sector this year is the highest since 2011, as gold’s price surge has prompted producers to trade assets to add production or to improve the mine portfolio quality, and Telfer says GG is reviewing opportunities for acquisitions or partnerships including in new discoveries and existing assets.
    • Randgold (NASDAQ:GOLD) CEO Mark Bristow said recently that gold production may peak in the next three years as miners fail to replace their reserves, and Telfer concurs, saying producers have limited scope to raise output in response to higher prices, and that “we are having a heck of a time finding gold."
    • “Once supply from mines starts to decline and people start to realize the impact that’s going to have... it’s going to be incredibly bullish for gold,” Telfer says.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, OUNZ, DGL, DGZ, DGLD, UBG
    Nov. 16, 2016, 7:15 PM | 7 Comments
  • Nov. 11, 2016, 10:29 AM
    • Speaking at a conference at the Central Bank of Chile, Fed Vice Chairman Stanley Fischer gives no indication the U.S. central bank has any intention of not raising interest rates next month. "The case for removing accommodation gradually is quite strong."
    • The remarks should be of absolutely no surprise, but they make for a convenient excuse for a whoosh lower in gold in the last few minutes. The metal is now down 2.6% on the session to $1,233 per ounce, a price not seen since the first days of June. Next stop on the charts is $1,200.
    • Silver is off 4.15% to $17.96, still well above its early June low of about $16.
    • ETFs: GLD, SLV, IAU, AGQ, PSLV, PHYS, USLV, SIVR, SGOL, ZSL, UGL, DGP, GTU, UGLD, GLL, DZZ, SLVO, GLDI, DSLV, OUNZ, DGL, DBS, DGZ, DGLD, GYEN, USV, GEUR, UBG, QGLDX, DULL, SHNY
    Nov. 11, 2016, 10:29 AM | 18 Comments
  • Nov. 10, 2016, 11:06 AM
    Nov. 10, 2016, 11:06 AM | 49 Comments