15/02/2024 09:24

NYSE Arca Gold BUGS Index (HUI US) $US199.80

The US NYSE traded Gold BUGS Index is often referred to by traders when they assess the strength of the Gold Sector, and at this stage, the picture is clear with the index falling towards fresh 12-month lows, significantly underperforming the gold price. Significant technical support is ~13% lower, and at this stage, we see no reason to catch this particular falling knife and increase our local or international gold exposure.

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22/03/2023 09:02

BetaShares Global Gold Miners ETF (MNRS) $5.65

Gold has been a standout performer through the current banking crisis testing its multi-decade high in the process – while the $US2,000 offers some clear technical resistance we believe it’s a matter of time until we see an explosive breakout on the upside.

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08/02/2023 09:25

BetaShares Global Gold Miners ETF (MNRS) $5.52

This ASX traded currency hedged ETF looks to track the performance of gold stocks that aren’t listed in Australia such as Barrick Gold Corp (GOLD US), Wheaton Precious Metals (WPM US), Agnico Eagle Mines (AEM US) and Newmont Corp (NEM US). In line with our bullish call on the $US we anticipate a correction, period of consolidation, by this ETF but we re investing here for the long haul.

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07/12/2022 09:44

BetaShares Blobal Gold Miners ETF (MNRS) $5.51

This ETF has been the star pick for this portfolio rallying +16.7% over recent weeks, we believe it’s got further to go although as we’ve been writing a bit of late the easy money is behind us.

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26/10/2022 09:57

BetaShares Global Gold Miners ETF (MNRS) $4.72

In line with our outlook that financial markets are poised to reverse many of the established trends through 2022 and specifically at least some consolidation by bond yields and the $US we like precious metals into Christmas.

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12/10/2022 09:41

BetaShares Global Gold Miners ETF (MNRS) $4.69

The MNRS is a locally traded gold miners ETF that holds over 8% exposure to Wheaton Precious Metals, Barrick Gold, Agnico Eagle Mines and Newmont Corp which provides some healthy diversification to the Australian miners – the positions are FX hedged negating any currency risks although that’s been a shame over recent months. Gold looks...

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24/08/2022 09:35

Global Macro ETF Portfolio

The MM Global Macro ETF Portfolio slipped -0.3% last week with gains by the Invesco DB Agricultural Fund (DBA US) +3% and Global X Copper ETF (COPX US) +1.8% offset by falls in the BetaShares Global Gold Miners ETF (MNRS US) -4.3% and BetaShares Strong Australian Dollar ETF (AUDS US) -5.3% - more volatility is likely on Friday after Jackson Hole.

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03/08/2022 09:45

Global Macro ETF Portfolio

The MM Global Macro ETF Portfolio gained +2.47% last week with both of the battery & lithium ETF (ACDC) and the BetaShares Global Gold Miners ETF (MNRS) positions advancing over 6%, unfortunately, the BetaShares Asian Technology Tigers ETF (ASIA) dragged on the portfolio falling just under 6% courtesy of weakness in Tencent and Alibaba.

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20/07/2022 09:37

Global Macro ETF Portfolio

The MM Global Macro ETF Portfolio rallied +0.98% last week aided by strong moves in our Uranium Trust (U-U CN) +8.8% and the $A (AUDS) +3.7% while the standout drag across the portfolio came from our gold ETF (MNRS) -3.7%.

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15/06/2022 09:35

Global Macro ETF Portfolio

The MM Global Macro ETF Portfolio slipped -4.2% last week with MM’s exposure to agriculture via the (DBA US) +2.7% and Asian Tech (ASIA) +0.8% our best performers while our positions in the Uranium Trust (U-U-CN) -13.3% and the Australian Dollar (AUDS) weighed on performance.

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