A Big Moment for ETFs: SPDR Gold Becomes World's Biggest

Source: Citywire, Sarah Miloudi (8/22/11)

"SPDR has been taken over in size by the SPDR Gold Trust."

Citywire, Sarah Miloudi

The rise of the gold price has been unprecedented in recent months as spooked investors flee to the metal in hope of shelter from the global growth and debt crisis.

But as gold rallies for its sixth consecutive day, pushing its price past $1,887 an ounce, it has hit a new milestone in terms of its safe haven status, too.

Inflows into gold exchange-traded funds (ETFs) have ramped to the point that SPDR—the instrument that marked the birth of the ETF industry and the world's largest ETF—has been taken over in size by the SPDR Gold Trust. . . .View Full Article

Is a Commodities Super Cycle on the Way?
Source: Streetwise Reports (04/19/2024)

Are we at the start of a commodities supercycle? We sat down with McAlinden Research to see what they had to say about the current state of commodities.

Idaho Gold Project Could Produce One-Third of Critical Antimony for US
Source: Streetwise Reports (04/18/2024)

Perpetua Resources Corp.'s Stibnite gold project in Idaho is also expected to provide as much as 35% of the United States annual demand for the critical metal antimony. Find out why analysts are recommending this developer.

Vancouver Explorer Sees 'District-Scale' Project in Colo.
Source: Streetwise Reports (04/18/2024)

Metallic Minerals Corp. announces that all four holes drilled at its Newmont-backed La Plata project in Colorado intersected porphyry-style mineralization from the surface and over their entire lengths.

Field Work Points to Copper Porphyry at Idaho Asset
Source: Streetwise Reports (04/18/2024)

To prove this out, the Canadian company plans additional exploratory work, to commence next month. Read on to learn more about this compelling project.

Gold Co. Sets New Drill Targets for Mexican Project
Source: Streetwise Reports (04/18/2024)

Centenario Gold Corp., fresh off the results of its maiden drilling program at its Eden gold-silver property in Mexico, is outlining new drill targets across the property. At the same time, prices for the precious metal are taking off.