Key stats
About iShares MSCI Global Gold Miners ETF
Expense ratio
0.39%
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Inception date
Jan 31, 2012
ISIN
US46434G8556
RING provides exposure to gold mining companies, as classified by GICS, from developed and emerging markets. A minimum of at least 30 securities that do not hedge to gold prices are selected from the MSCI ACWI Investable Market Index. If there are less than 30 securities, companies with hedging activities will be screened to meet criteria-based requirements. Only then can other precious metals companies outside the investable universe be considered. Weighting is based on the MSCI 25/50 methodology, such that the fund diversifies its holdings through capping limits. The index is reviewed quarterly starting every February.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
Buy Gold Before Prices Are Off The Chart !Listen carefully fellas! The last time inflation reached this sort of level – 40 years ago – gold was flying. Inflation means a reduction in the buying power of paper currencies, including how much gold can be bought for a given amount of paper.
Also, the US economy – which is two-thirds driven by
Long on RINGNASDAQ:RING
Bull trend since mid 2019, disturbed by covid19 crisis, but Gold and RING are back on the long bull trend, breakout done at late April 2020.
Entered early May 2020
The Gold miners ETF just broke a heavy weekly resistance, Gold..The gold miners ETF just broke a big weekly resistance (since 2013) at 27.00 and its current price is now 28.72, what does it mean for Gold ?
As you can see, the price of this ETF broke a huge resistance, after a bullish pattern "Cup and handle", this is a big sign of a bull market for Gold !
Gold
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