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Globe and Mail
2 days ago
- Business
- Globe and Mail
Gold Finder Commences Fieldwork at Pipestone Bay Property in Ontario's Red Lake Gold District
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2025) - Gold Finder Resources Ltd. (TSXV: GLD) (OTCQB: GLDFF) ("Gold Finder" or the "Company") is pleased to announce that fieldwork is underway at its 100%-owned Pipestone Bay property (the "Property") located approximately 32 kilometres west of the town of Red Lake (see area claim map). Emerald Geological Services conducted a review of all historical exploration on the Property to determine areas where untested targets warrant further exploration. Significant historical work has been conducted in two areas of the Property: the 991 Zone (also known as the NW Pipestone Bay Occurrence) in the eastern part of the Property, and the western part of the Property where there are two known gold occurrences (McIntosh Lake Iron Formation and Stupak-Dynes Group Occurrences). Figure 1 shows gold occurrences on the Property on a background of property geology (OGS Map 4594). Figure 1 To view an enhanced version of this graphic, please visit: The 991 Zone Previous work has shown that there are at least two styles of gold mineralization at the 991 Zone: 1) High-grade (up to 44.9 g/t Au) hosted in roughly N-S striking quartz veins (Figure 2). 2) Low-grade (in the low 100s of ppb) hosted in altered felsic volcanics which strike roughly east-west and dip north, with a copper association (including 0.23% Cu over 5.5 meters in drilling). To date, only the low-grade gold mineralization has been tested by north-south drilling, which would not have adequately tested the north-south high-grade veins. The mineralized felsic unit hosting the veins remains open to the west-northwest and east-southeast beneath the lake, and IP suggests that mineralization may continue in either direction. There is also potential for nickel and chromium mineralization in the ultramafic unit to the north, as indicated by 2019 grab samples which returned 0.21% Ni and 0.21% Cr. Figure 2 To view an enhanced version of this graphic, please visit: Pipestone West Area This area hosts both gold and copper mineralization. Anomalous gold (up to 730 ppb) has been discovered in banded iron formation, altered mafic volcanics, and quartz veins, with copper grades up to 3.25% also obtained in altered mafic volcanics. The 2020 airborne magnetic survey suggests that the banded iron formations are strongly folded, with the most prospective area to date being the southwest limb of the fold close to a mafic/intermediate volcanic-felsic volcanic contact (Figure 3). Folded banded iron formations are excellent targets for gold exploration, as they represent structural and chemical traps for gold-bearing fluids. The mafic-felsic volcanic contact may also be an important conduit for gold-bearing fluids. From past records, anomalous gold mineralization has been obtained over a trend of approximately 1 kilometre near this contact. Figure 3 "The Pipestone Bay property shares many features common to gold deposits in the Red Lake Greenstone Belt, including silicification, sericite, biotite, and chlorite alteration, visible gold in quartz veins, D2 folding and crustal-scale structures," said Greg Lytle, President of Gold Finder. "The 2025 fieldwork will consist of prospecting and preliminary mapping of the Pipestone West Area, focusing on geological contact zones and folded iron formation." Coleman Robertson, P. Geo, a qualified person as defined in NI 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company. About Gold Finder Resources Ltd. Gold Finder is a mineral exploration company focused on discovery-stage properties. Our goal is to add value by defining or redefining the exploration opportunity, maintain ownership control during the value creation phase of discovery, and then source a well-financed partner capable of accelerating discovery, resource definition, and development. For more information, you can visit our website at download our investor presentation, and follow us on X at ON BEHALF OF THE BOARD, Signed "Gregory Lytle" Gregory Lytle, President Gold Finder Resources Ltd. Direct line: (604) 839-6946 Email: info@ 179 - 2945 Jacklin Road, Suite 416 Victoria, BC, V9B 6J9 Forward-Looking Statements This news release may contain "forward-looking statements" that involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.
Yahoo
13-06-2025
- Business
- Yahoo
Israel's Strikes on Iran Boost Safe Haven ETF Demand
The tensions in the Middle East escalated after Israel launched a wave of airstrikes on Iran, triggering a sharp sell-off across global markets. Iran is preparing to retaliate as it has launched around 100 drones toward Israel, raising fears of a broader regional conflict. Markets reacted swiftly to the news, with the three major gauges plunging more than 1% in pre-market trade today. Meanwhile, the U.S. dollar, Japanese yen and Swiss franc all strengthened, while crude prices spiked sharply amid fears of potential supply disruptions. Gold surged to its highest level since early May and U.S. Treasury price also rose. Investors are flocking to safe-haven bids, which offer protection in times of heightened such a backdrop, we have highlighted five safe-haven ETFs that investors should add to their portfolio, especially if Middle East tensions continue to escalate. These products will likely benefit from the crisis and will be in focus in the weeks - SPDR Gold Trust ETF (GLD)Gold, viewed as a safe haven, has been on a strong rally this year, reaching new all-time highs on several occasions, buoyed by trade gyrations. The yellow metal serves as a hedge against market turmoil and is often used as a means of preserving wealth during times of financial and political uncertainty, typically performing well when other asset classes struggle. As such, the ultra-popular product tracking this bullion, like GLD, could be an interesting pick. The fund tracks the price of gold bullion measured in U.S. dollars and kept in London under the custody of HSBC Bank and JPMorgan Chase Bank. GLD is an ultra-popular gold ETF with an AUM of $99.9 billion and a heavy volume of about 11 million shares a day. SPDR Gold Trust ETF charges 40 bps in fees per year from investors and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook (read: Gold Surges Amid Global Risks: ETFs to Buy).Long-Dated Treasury - iShares 20+ Year Treasury Bond ETF (TLT)Products tracking the long end of the yield curve often provide a safe haven. The 10-year Treasury yields dropped to a one-month low of 4.31%, pushing bonds higher. TLT tracks the ICE U.S. Treasury 20+ Year Bond Index and has an AUM of $48.6 billion. Holding 42 securities in its basket, the fund focuses on the top credit-rating bonds with an average maturity of 25.78 years and an effective duration of 15.70 years. The expense ratio comes in at 0.15%, and the average daily volume is heavy at around 43 million shares. However, TLT currently has a Zacks ETF Rank #4 (Sell).Dollar - Invesco DB US Dollar Index Bullish Fund (UUP)After hitting a 3-year low in yesterday's trading session, the U.S. dollar rose 0.6% (at the time of writing) against a basket of major currencies on news that Israel had launched strikes on Iran. Invesco DB US Dollar Index Bullish Fund is the prime beneficiary of the rising dollar as it offers exposure against a basket of six world currencies. This is done by tracking the Deutsche Bank Long USD Currency Portfolio Index - Excess Return plus the interest income from the fund's holdings of U.S. Treasury securities. In terms of holdings, Invesco DB US Dollar Index Bullish Fund allocates nearly 57.6% in euro and 25.5% collectively in the Japanese yen and British pound (read: ETFs on the Move Post U.S.-China Trade Deal). The fund managed an asset base of $200.2 million, with an average daily volume of around 948,000 shares. UUP charges 78 bps of annual fees and has a Zacks ETF Rank #3 with a Medium risk - Invesco Currencyshares Japanese Yen Trust (FXY) The Japanese yen is considered a safe-haven currency in times of uncertainty. Investors could tap this via FXY, which appears to be a great way to play a future rise in the yen. It tracks the price of the Japanese yen and charges 40 bps a year in fees. The fund sees a good volume of roughly 340,000 shares per day and has accumulated $856 million in its asset base. FXY has a Zacks ETF Rank #3 with a Medium risk outlook. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares 20+ Year Treasury Bond ETF (TLT): ETF Research Reports SPDR Gold Shares (GLD): ETF Research Reports Invesco CurrencyShares Japanese Yen Trust (FXY): ETF Research Reports Invesco DB US Dollar Index Bullish ETF (UUP): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
05-06-2025
- Business
- Yahoo
Chasing Record Gold Prices? Don't Forget Silver: Why it's a Buy
Though silver has a larger market cap than many Fortune 500 companies and even some 'Magnificent 7' companies like Tesla (TSLA), the shiny metal has taken a backseat to gold. While silver is more commonly mined than gold, gold's price per ounce makes it a far more valuable asset than gold. Gold is the largest asset class in the world, with a market cap north of $22 trillion, while silver has a market cap of just ~$1.5 trillion. In addition to its gargantuan market cap, gold is stealing the spotlight from silver of late due to its significant price outperformance. The SPDR Gold Trust ETF (GLD) is up a robust 41.81% over the past twelve months, while the iShares Silver Trust (SLV) lags and is up 18.01%. Nevertheless, below are five reasons silver may play catchup: While gold has printed new all-time highs several times in 2025, silver finally broke out on Thursday to 13-year highs. As the old Wall Street adage goes, 'The longer the base, the higher in space.' Adding Fibonacci extensions to Thursday morning's breakouts suggests that $39 and $45 an ounce are reasonable targets for silver if this breakout is to stick. Furthermore, volume on the SLV ETF swelled to more than 2x the norm intraday, confirming the breakout. Image Source: TradingView Though gold and silver aren't perfectly correlated, they tend to trade in tandem. Recently, the gold-to-silver ratio reached an extreme. Historically, gold has made the first move higher, and silver has played catchup. In addition, gold fell more than 1% intraday while silver rose more than 2% - signaling a clear bullish change of character for silver. The Congressional Budget Office (CBO) predicts that 'The Big Beautiful Bill,' backed by President Donald Trump, will add $2.4 trillion to primary deficits and $3 trillion to debt (accounting for interest) if passed. Regardless of what side of the aisle you stand with politically, it's hard to argue that Republicans or Democrats have been fiscally responsible. For perspective, it took 221 years for the US debt to reach $12 trillion. Then, from 2020-2024, the US added another $12 trillion in debt. Investors use silver as a hedge against rampant government spending, tariff uncertainty, and inflation. The AI revolution is in full swing as mega-cap tech juggernauts dole out billions in CAPEX to build energy-hungry data centers across the globe. Silver is a necessary ingredient for the AI boom and is used in expensive GPUs from Nvidia (NVDA) and other chip companies that train large language models (LLMs). In addition, some analysts predict that AI data centers could consume ~12% of all American energy output by 2028 (up from 4% in 2023). The US may have to turn to renewable energy sources and companies like First Solar (FSLR) to fill the void. Once again, silver is a necessary ingredient needed to produce solar panels. Analysts tracked by Zacks Investment Research have high hopes for silver miners like First Majestic Silver (AG). The silver mining industry ranks 13 out of the 244 industries tracked by Zacks, making it a top 5% group. Image Source: Zacks Investment Research Bottom Line While gold holds the precious metals spotlight with its impressive market cap and recent price surge, silver appears poised for a significant resurgence. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Solar, Inc. (FSLR) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR Gold Shares (GLD): ETF Research Reports iShares Silver Trust (SLV): ETF Research Reports First Majestic Silver Corp. (AG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
Not Taking Single-Stock ETFs for Granite
Will Rhind has watched the ETF business for more than two decades. He was an original member of the iShares team — back when it was part of Barclays — and he was later CEO of World Gold Trust Services, the sponsor of the now $98 billion SPDR Gold Shares ETF (GLD). He left that company in 2016 to found GraniteShares, which has built out an extensive line of leveraged single-stock ETFs. Rhind, who has roots in the 'Granite City' of Aberdeen, Scotland, joined ETF Upside for a conversation about the burgeoning world of single-stock ETFs. GraniteShares filed last week with the Securities and Exchange Commission for 25 additional leveraged single-stock ETFs. Rhind did not discuss the pending funds, given that they are in the registration period, but he talked about where the firm is headed. READ ALSO: Grayscale Wants in on Quantum Computing ETFs and BlackRock's 'Widow Maker' ETF Is Suddenly in High Demand ETF Upside: How did GraniteShares get its start, and why did you decide to focus on leveraged single-stock ETFs? Will Rhind: When we started GraniteShares, there were only two companies in the US allowed to do leveraged ETFs, and that was a weird regulatory quirk at the time. The leveraged ETF market hadn't had a lot of innovation for a long time, and the SEC updated the rules around ETFs back in 2020 or 2019. That allowed anybody to do leveraged ETFs; there were all sorts of harmonization things that came with it. There was 'white space' on the leveraged side in doing leverage on single stocks, which no one had done before, and so that's what we started to do. We'd actually done it in Europe first, because we couldn't do it here. So we started the first levered single-stock products in Europe, and then bought them here when we were able to. What do you hear from investors about how they're using the products? I assume most people are aware of the risks and are trading daily. The great thing about ETFs is that there are so many different ways to use it. The directional — two times long, two times short —is one obvious application, but you're able to trade in the pre-market —so before the open, after the close — which is a big benefit against things like options. For example, you're able to short or take an inverse view, which is very useful in environments like this year that we've seen so far. And then, there are other strategies around creating tax events you know could be using short, for example, to generate a taxable loss that you can often offset against gains elsewhere in the portfolio. How do you decide what strategies to pursue? How long do you give a particular strategy if it doesn't catch on? What are some examples of what's worked well and what hasn't? With any ETF, it's much more of an art than a science. Predicting exactly what the market wants is seriously difficult. You can look at a few obvious things when it comes to single stocks: You can look at the size of the stock, the amount that it trades. You can look at different sorts of forecasts. You can look at the amount of mentions it gets on social media. You look at all these things, but ultimately, investors have to buy it, and there has to be that sort of unique cocktail of enthusiasm around it, which is just difficult to predict. Nvidia, for example — that's our biggest — NVGL, two times Nvidia. And that one, it's obvious to everybody now, but it perhaps wasn't as obvious at the time when we launched it, because it was before ChatGPT was released. So I think those in the know knew Nvidia was a good company, but it obviously, absolutely caught on fire after the release of ChatGPT, and everybody had their eyes opened to the potential of AI. When a product doesn't work, it's just a profitability calculus. It's binary — it's either profitable or it's not profitable. There's no hard rule in terms of how long we'll keep it. But we'll look beyond profitability, at things like trading volume. What categories are you planning to expand in? We love what we call 'high conviction' products, and leverage is in that category. Crypto is in that category. Options-based income is in that category. Options-based income is probably the one where we think there's a big amount of potential, and we're expanding in that space with our YieldBoost brand. Leveraged single stocks is also one where we want to expand the number of products we offer there, but it's always according to demand of the market. And then outside of that, it's really just based upon your market conditions and what sort of investment or key investment trends are identified at that time. This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Sign in to access your portfolio
Yahoo
03-06-2025
- Business
- Yahoo
QQQ Attracts $572M in Assets as Markets Start June Higher
The Invesco QQQ Trust (QQQ) pulled in $571.5 million, increasing its total assets to just over $334 billion, according to data provided by FactSet. The inflows came as markets climbed on the first trading day of June, with the S&P 500 rising 0.4% despite escalating tensions between the U.S. and both China and the European Union. The SPDR Gold Shares (GLD) attracted $302.1 million as investors sought safe havens amid trade uncertainty. The Consumer Staples Select Sector SPDR Fund (XLP) gained $240.3 million, while the Vanguard FTSE Europe ETF (VGK) pulled in just under $238 million. The SPDR S&P 500 ETF Trust (SPY) experienced the largest outflows of $2.7 billion despite the broader market advance. The Vanguard Information Technology ETF (VGT) and the iShares 20+ Year Treasury Bond ETF (TLT) both saw outflows of $1.1 billion. U.S. equity ETFs saw outflows of $5.3 billion, while U.S. fixed income lost $2.1 billion. International fixed income collected $781 million, and commodities ETFs gained $456.9 million. Overall, ETFs experienced outflows of $6.9 billion as investors awaited potential talks between Presidents Donald Trump and Xi Jinping this week. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change QQQ Invesco QQQ Trust Series I 571.51 334,125.18 0.17% GLD SPDR Gold Shares 302.06 98,290.97 0.31% SPLG SPDR Portfolio S&P 500 ETF 246.38 67,769.20 0.36% XLP Consumer Staples Select Sector SPDR Fund 240.33 16,634.01 1.44% VGK Vanguard FTSE Europe ETF 237.98 25,306.95 0.94% PWB Invesco Large Cap Growth ETF 230.69 1,355.44 17.02% HYG iShares iBoxx $ High Yield Corporate Bond ETF 190.38 16,134.40 1.18% XLC Communication Services Select Sector SPDR Fund 187.69 22,102.00 0.85% AGG iShares Core U.S. Aggregate Bond ETF 186.17 124,511.70 0.15% XLI Industrial Select Sector SPDR Fund 157.19 21,417.83 0.73% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust -2,684.70 600,832.27 -0.45% VGT Vanguard Information Technology ETF -1,107.36 85,574.38 -1.29% TLT iShares 20+ Year Treasury Bond ETF -1,060.90 49,836.24 -2.13% BIL SPDR Bloomberg 1-3 Month T-Bill ETF -789.00 43,215.70 -1.83% IWM iShares Russell 2000 ETF -533.91 61,574.41 -0.87% VOO Vanguard S&P 500 ETF -487.47 656,853.52 -0.07% IBIT iShares Bitcoin Trust ETF -430.81 69,213.48 -0.62% SGOV iShares 0-3 Month Treasury Bond ETF -397.82 46,812.41 -0.85% SHLD Global X Defense Tech ETF -296.86 2,275.34 -13.05% NULG Nuveen ESG Large-Cap Growth ETF -278.85 1,562.44 -17.85% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives -17.71 9,986.25 -0.18% Asset Allocation -53.62 24,735.96 -0.22% Commodities ETFs 456.90 209,569.41 0.22% Currency -533.21 141,983.35 -0.38% International Equity 72.02 1,787,557.61 0.00% International Fixed Income 781.00 291,703.25 0.27% Inverse -102.08 14,674.58 -0.70% Leveraged -138.74 118,632.54 -0.12% US Equity -5,246.31 6,778,231.59 -0.08% US Fixed Income -2,071.86 1,664,551.06 -0.12% Total: -6,853.60 11,041,625.60 -0.06% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved
