Is PSAU a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

47 people get PSAU articles and Market Currents by email alert.

Get email alerts on PSAU »

HEADLINES:

Physical Gold Market Feeding Off Paper Market Selling
Hard Assets Investor • Tue, May 21
Are Gold Stocks Oversold?
Franklin Templeton Investments • Wed, Apr 24 • 41 Comments
Is There A Silver Lining To The Gold Price Plunge?
AllianceBernstein • Sun, Apr 21 • 8 Comments
Yamana Gold And Newmont Mining: Time To Shine Again, Upgraded
Nick Chiu • Wed, Mar 20 • 7 Comments
Gold Miner ETFs: Falling Knife Or Turnaround Play?
Tom Lydon • Thu, Mar 7 • 16 Comments
Gold Vs. Gold Miners: Is The Price Divergence Bullish Or Bearish?
Simon Maierhofer • Wed, Mar 6 • 20 Comments
Tim Iacono Positions For 2013: Most Investors Seriously Underweight Precious Metals
Tim Iacono • Tue, Jan 1 • 38 Comments
The Sinking South African Rand And Gold Miner ETFs
Hard Assets Investor • Tue, Oct 16, 2012 • 3 Comments
The Definitive Guide To Investing In Gold
CommodityHQ • Mon, Oct 15, 2012 • 6 Comments
Sell Gold Before Bernanke's Address Today
CommodityHQ • Thu, Sep 13, 2012 • 118 Comments
Gold: More Risk To The Downside Than Up
MetalMiner • Mon, Aug 20, 2012 • 9 Comments
2012 Global Gold Mines And Deposits Ranking
Visual Capitalist • Fri, Aug 3, 2012 • 6 Comments
The Most Profitable Months To Trade Gold
CommodityHQ • Fri, Jul 27, 2012 • 7 Comments
Which Gold Miner ETF Has The Highest Correlation To Gold?
Stoyan Bojinov • Thu, May 31, 2012
Bond Strength Implications And The Spring Switch
Michael A. Gayed • Sun, May 27, 2012 • 17 Comments
More Upside For Gold Or Gold Miners?
Euro Pacific Canada • Wed, May 23, 2012 • 17 Comments
Gold Stocks And Treasury Yield Relationships
Gary Tanashian • Thu, Apr 19, 2012 • 10 Comments
Gold Miner ETFs Lose Their Luster
Tom Lydon • Thu, Mar 15, 2012 • 4 Comments
Asia Buying Gold On Dips: 'Empires May Fall, Currencies May Change ... Gold Will Always Survive'
GoldCore • Tue, Feb 14, 2012 • 4 Comments
RING: Thoughts On The New Gold Miners ETF From iShares
CommodityHQ • Mon, Feb 13, 2012 • 1 Comment

To learn more about Seeking Alpha Pro, click here.

There are no Focus articles on PSAU.

Physical Gold Market Feeding Off Paper Market Selling
Hard Assets Investor • Tue, May 21
Are Gold Stocks Oversold?
Franklin Templeton Investments • Wed, Apr 24 • 41 Comments
Is There A Silver Lining To The Gold Price Plunge?
AllianceBernstein • Sun, Apr 21 • 8 Comments
Yamana Gold And Newmont Mining: Time To Shine Again, Upgraded
Nick Chiu • Wed, Mar 20 • 7 Comments
Gold Miner ETFs: Falling Knife Or Turnaround Play?
Tom Lydon • Thu, Mar 7 • 16 Comments
Gold Vs. Gold Miners: Is The Price Divergence Bullish Or Bearish?
Simon Maierhofer • Wed, Mar 6 • 20 Comments
Tim Iacono Positions For 2013: Most Investors Seriously Underweight Precious Metals
Tim Iacono • Tue, Jan 1 • 38 Comments
The Sinking South African Rand And Gold Miner ETFs
Hard Assets Investor • Tue, Oct 16, 2012 • 3 Comments
The Definitive Guide To Investing In Gold
CommodityHQ • Mon, Oct 15, 2012 • 6 Comments
Sell Gold Before Bernanke's Address Today
CommodityHQ • Thu, Sep 13, 2012 • 118 Comments
Gold: More Risk To The Downside Than Up
MetalMiner • Mon, Aug 20, 2012 • 9 Comments
2012 Global Gold Mines And Deposits Ranking
Visual Capitalist • Fri, Aug 3, 2012 • 6 Comments
The Most Profitable Months To Trade Gold
CommodityHQ • Fri, Jul 27, 2012 • 7 Comments
Which Gold Miner ETF Has The Highest Correlation To Gold?
Stoyan Bojinov • Thu, May 31, 2012
Bond Strength Implications And The Spring Switch
Michael A. Gayed • Sun, May 27, 2012 • 17 Comments
More Upside For Gold Or Gold Miners?
Euro Pacific Canada • Wed, May 23, 2012 • 17 Comments
Gold Stocks And Treasury Yield Relationships
Gary Tanashian • Thu, Apr 19, 2012 • 10 Comments
Gold Miner ETFs Lose Their Luster
Tom Lydon • Thu, Mar 15, 2012 • 4 Comments
Asia Buying Gold On Dips: 'Empires May Fall, Currencies May Change ... Gold Will Always Survive'
GoldCore • Tue, Feb 14, 2012 • 4 Comments
RING: Thoughts On The New Gold Miners ETF From iShares
CommodityHQ • Mon, Feb 13, 2012 • 1 Comment

There are no Transcripts on PSAU.

Video: Sell Strategies For Popular Gold ETFs

at MarketWatch.com (Aug 18, 2010)

PSAU vs. ETF Alternatives

PSAU Description

The PowerShares Global Gold and Precious Metals Portfolio (Fund) is based on the NASDAQ OMX Global Gold and Precious Metals IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and ADRs and GDRs based on the securities in the Index. The Index is designed to measure the overall performance of globally traded securities of the largest and most liquid companies involved in gold and other precious metals mining-related activities. The Index is rebalanced quarterly using a modified, market-cap-weighted methodology.
See more details on sponsor's website

Sector: Basic Materials

Key Info

In Your Portfolio: A Guide to Sector ETFs, A Guide to Commodity ETFs and ETNs
Asset Class Performance: Commodities

All
| Earnings
| Dividends
| M&A
| On the move

Monday, May 20, 12:57 PM As precious metals prices turn around, share prices of gold (GDX +4.7%) and silver miners (SIL +3.1%) surge: ABX +5.9%, GG +4.5%, KGC +6.4%, NEM +4.7%, SLW +4%. Even South African producers turn mixed, despite the call from the country's mine workers union for big pay increases: AU -0.8%, GFI +1.5%, HMY -0.5%. 2 Comments [Commodities, On the Move]
Friday, May 17, 3:22 PM Gold miners (GDX -3.2%) take another beating as gold continues to lose its allure amid disclosures of reduced bets by hedge funds, a World Gold Council report showing gold demand at a three-year low, and a surging dollar. For the miners, it's an ugly world of lower production, higher costs and falling prices. At least nine miners hit 52-week lows: NEM -3%, GG -2.7%, AUY -4.8%, HMY -6.3%, AU -2.5%, BVN -1.1%, ANV -7.4%, NG -2.7%, GSS -5.8%. 18 Comments [Commodities, On the Move]
Friday, May 10, 12:23 PM The mini-recovery in gold and metals mining stocks is stopped as gold prices sink 3% today to ~$1,425/oz. after closing higher in each of the past two weeks. A breach of key chart levels is prompting heavy selling of gold futures, already under pressure from a stronger dollar and rising stock markets. Among big miners: ABX -3%, NEM -2.1%, GG -1.6%, KGC -3.8%, SLW -2.7%, FCX -1.8%. Comment! [Commodities, On the Move]
Wednesday, May 8, 2:05 PM Today's dead-cat bounce in the mining sector looks like a reaction to the overwhelming bearishness, expressed in the options market yesterday by heavy buying of GDX puts. Volume in the gold miners ETF (GDX +4.8%) is only about average so far, indicating mere short-covering and no stampede back into gold stocks, Randall Forsyth writes. ABX +7.6%, GG +4.5%, NEM +4%. 5 Comments [Commodities, On the Move]
Tuesday, May 7, 2:10 PM Some big moves in today’s options trading make it appear that investors are banking on another drop in the gold miners ETF (GDX -3%), already -36% YTD. Volume in GDX options is heaviest in the June $27 strike puts, where nearly 40K puts have traded vs. open interest of ~16K contracts. Big miners are broadly lower: HMY -5.5%, GFI -5.2%, AU -3.2%, ABX -3.1%, EGO -2.8%, NEM -2.2%, GG -2%. 3 Comments [Commodities, On the Move]
Wednesday, May 1, 10:41 AM Gold miners (GDX) risk becoming a “barbarous relic” to equity investors unless they return more money to shareholders, warns BlackRock's Evy Hambro, whose commodities funds hold ~$7B in gold-related assets. Big miners have been "care free" in financing their expansion by issuing shares while gold prices were high; profitability per share has fallen, hurting long-term shareholders. (ETFs: GLDX, PSAU, NUGT, DUST, GGGG, RING, GDXJ) 1 Comment [Commodities]
Monday, April 29, 11:39 AM Gold miners (GDX) have been smacked by plunging gold prices, but Citigroup and HSBC think they have further to fall. Citi worries about AngloGold (AU) because negative free cash flow would hit its "already stretched balance sheet," but Harmony Gold (HMY) has the balance sheet to weather similar problems; Gold Fields (GFI) is its sector favorite. HSBC cuts GFI, Agnico Eagle (AEM) and many others. 1 Comment [Commodities, Quick Ideas]
Monday, April 22, 12:33 PM Encouraged by the efforts of gold miners to be more transparent about costs, Andrew Bary of Barron’s over the weekend makes the case for owning beaten gold-mining stocks. The more accurate - i.e., higher - cost estimates aren’t just about trying to be more shareholder-friendly, they're about trying to avoid shakedowns by revenue-hungry emerging market governments. 10 Comments [Commodities]
Wednesday, April 17, 3:15 PM One of the stranger outcomes of gold's collapse is to make gold miners look more expensive, which Nomura says means more downside for the miners. "Lower levels of investment demand have the equilibrium point for the gold price at still lower levels. [If so], the equities should still have further to retrace." It's another down day for South African miners: HMY -5.6%, GOLD -4.5%, AU -4%, GFI -1.2%. (also) 6 Comments [Commodities, On the Move]
Monday, April 15, 10:37 AM It was difficult enough to maintain a profitable mine when the price of gold was relatively stable; with gold plummeting, there’s likely even more pain ahead. Citi’s Johann Steyn, who covers South African gold miners, downgrades his target price and earnings outlook for the entire sector, and cuts Harmony Gold (HMY -8.2%) to Sell. For what it's worth, he calls Gold Fields (GFI -3.2%) his favorite. 3 Comments [Commodities, On the Move]
Monday, April 15, 5:01 AM Gold futures leg down to $1,401, -6.1%. Silver -9.8% to $23.74. ETFs to watch: GLD, IAU, DGP, SGOL, UGL, PHYS, AGOL, DGL, UBG, DZZ, GLL, DGZ, UGLD, DGLD, DBP, GLDI, GDX, GDXJ, NUGT, AGQ, GLDX, PSAU, DUST, GGGG, RING, SLV, PSLV, SIVR, ZSL, DBS, USV, USLV, DSLV, SILJ, SIL, SLVP. 2 Comments [Breaking News, Commodities, On the Move]
Monday, April 15, 4:20 AM A number of reasons have been given for gold's (GLD) sudden free-fall, chief among them the ECB's pressurization of Cyprus' central bank to sell its gold reserves to help pay for the country's bailout. That has raised expectations that other distressed eurozone members might be forced to sell gold as well. Other factors include bearish forecasts such as from Goldman Sachs, the slow improvement in the U.S. economy, and the perception that gold is no longer needed as a safe haven. Gold -4.1% and silver -7.4%. 15 Comments [Commodities, On the Move]
Sunday, April 14, 7:51 AM Notwithstanding Friday's implosion, Barron's Randall Forsyth says gold looks undervalued, and pitches the precious metal as the anti-bitcoin: "It is incongruous that gold - money that can't be printed, just minted - would enter a bear market Friday." Calafia Beach Pundit disagrees. His next target for gold: $1,000. 36 Comments [Commodities]
Friday, April 12, 2:27 PM Goldman's short call on gold looks prescient, as comex gold sinks $63.50 to settle at $1,501.40/oz. for its lowest close since July 2011. Traders and analysts see no obvious trigger for the selloff, which seems to reflect the malaise that has gripped the market. Silver slips $1.37 to $26.33/oz. Miners are huge losers: HMY -7.5%, ABX -7.3%, AEM -6.9%, AUY -6.2%, SLW -5.6%, NEM -5.2%, EGO -4.9%, GFI -4.8%, GG -4.5%. 38 Comments [Commodities, On the Move]
Friday, April 12, 12:50 PM Gold miners (GDX -4.5%) are getting destroyed as gold prices cross into bear territory. Capitulation, if it’s here, would mean a true bottom in price, and Tocqueville Gold Fund's John Hathaway says that's what we’re approaching; he sees strong macro fundamentals for gold, investor sentiment at a negative extreme and compelling valuations in mining shares - "a contrarian's dream scenario." 18 Comments [Commodities, On the Move]
Thursday, April 4, 10:49 AM Yesterday's brutal selloff in gold miners (GDX +0.6%) does not create a buying opportunity, J. P. Morgan says, noting mining costs will keep rising even as gold prices likely will stay within a range. Miners, which begin reporting earnings at the end of this month, thus will continue to show declining profit margins. Also, Q2 tends to be weak for metals; combined with dollar strength, upside for the stocks is limited. 9 Comments [Commodities]

PSAU PowerShares Global Gold and Precious Metals Portfolio ETF

PSAU

PowerShares Global Gold and Precious Metals Portfolio ETF