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"The presence - or absence - of VanEck on the register is a far more important share price driver than margins, cash flow or growth"

Much has been said and written about the significant rise in demand for – and more recent outflows from – exchange traded products providing investors with exposure to physical gold and gold prices (See World Gold Council infographic, below) . A lot less about gold-equity focussed ETFs. RBC observes that such funds have become highly pervasive in “an eventful year for gold and gold equities”.

"The presence - or absence - of VanEck on the register is a far more important share price driver than margins, cash flow or growth" "The presence - or absence - of VanEck on the register is a far more important share price driver than margins, cash flow or growth" "The presence - or absence - of VanEck on the register is a far more important share price driver than margins, cash flow or growth" "The presence - or absence - of VanEck on the register is a far more important share price driver than margins, cash flow or growth" "The presence - or absence - of VanEck on the register is a far more important share price driver than margins, cash flow or growth"

Case in point for the Canadian bank is New York-based VanEck and its gold-equity ETFs, which have become a “double-edged sword” for many Australian gold equities.

RBC says about US$7.