Som Seif
iShares S&P/TSX Global Mining ETF
CMW-T
TOP PICK
Jun 18, 2007
Pure play on global mining. Great exposure to the broad market without the risk of losing your stock after because of acquisition. Gives exposure to gold, platinum, silver, nickel and uranium.
Global Mining: - Canadians investing in the mining sector over the last couple of years have probably lost their stocks. Still thinks the commodity markets are a great place to be. Industry has gone global. Focus on base metals as well as precious metals, aluminums and fuels such as uranium.
(A Top Pick Feb 13/08.) At the time he had a strong view of commodities. Good move from February but a decline from July. Still likes. 5-year trend has not changed.
Seasonality for mining runs end of January until end of May. Technically it has already completed a reversal pattern. Fundamentally, watch metal prices. Copper is basing out. If China starts to buy metals, base metal stocks should go higher. Get out if it falls to $12.17.
(A Top Pick Jan 30/09. Up 37.26%.) Seasonality is from end of October (the real sweet spot is from mid-Jan) to the end of May. Sell and take your profits.
Claymore S&P/TSX Global Mining ETF is a nice play on the broad mining sector including basic commodities and precious metals. He is quite bullish on equities going into the 2nd half and commodities are good place to be right now.
(A Top Pick Jan 30/09. Up 55%.) Seasonality on mining ran from end of January to May 11th technically giving a return of 27%. Again, a Buy now and Sell in May.
S&P/TSX Global Mining ETF. Primarily a gold mining ETF so it depends on your view of gold. As and ETF product, there is nothing wrong with it. You could also consider &P/TSX Global Gold (XGD-T).