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☆ The outlook for gold — as the granddaddy of gold ETFs turns 20
▼ + stars: | 2024-11-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

The grandaddy of gold ETFs turns 20. Today, for the first time, thanks to the World Gold Council and State Street, you are able to buy gold just like it's a stock." They could own gold mining stocks, but there was an imperfect relationship between gold and gold miners. When the gold ETF was intrduced 20 years ago, there was a very small investor base for gold. In 2014, Van Eck launched the VanEck Merk Gold ETF (OUNZ), which provides the option to redeem shares for physical gold , including gold coins and bars.

Persons: I've, George Milling, Stanley, GLD, Van Eck, George Milling Stanley, We've Organizations: New York Stock Exchange, World Gold Council, State, Investors, U.S . Equity, State Street Global Advisors, United States Oil Fund, Street Global Advisors, Street Global, World Gold, U.S ., Trump, Trust, Street, MiniShares, NYSE, SEC, Edge Locations: United States, London, India, China, Turkey

☆ Buying opportunity or time to bail? What to do with gold following the postelection selloff
▼ + stars: | 2024-11-14 | by ( David Keller | ) www.cnbc.com time to read: +4 min

First, let's recognize the strength of the uptrend in gold leading into November 2024. While the two trends were both higher in October, a post-election surge in the US Dollar appeared to signal the end of the golden era of gold in 2024. And while the long-term chart of gold remains in decent shape, the short-term reversal in recent weeks has pushed gold stocks down to key price support. Now the GDX is testing its 200-day moving average, which also represents a 50% retracement of the 2024 bull phase. In terms of a longer-term inflection point for gold, it's all about finding signs of accumulation.

Persons: it's, wasn't, we'd, David Keller Organizations: Nasdaq, Gold Miners, CMT, CNBC, NBC UNIVERSAL

☆ Where the charts indicate gold is headed next as it rallies on escalating geopolitical tensions
▼ + stars: | 2024-10-01 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Before we get started, it's important to point out that I believe that broader equity markets remain in a secular bull market with global central banks' easing monetary policy amid a backdrop of a boom in artificial intelligence that carries equity markets significantly higher in coming quarters. But the key in my opinion was that real interest rates were going higher. The way I'm defining 'real interest rates' is the prevailing nominal yield on a bond, the 10-year Treasury in this example, adjusted by the expected 10-year inflation level. Put simply, real interest rates are how much you actually earn on a fixed income investment after adjusting for inflation. So my outlook is that gold will continue to rally alongside equity markets.

Persons: let's, Todd Gordon, Gordon, HMY Organizations: Harmony, Equity, Treasury, Stock, Edge, Inside Edge, CNBC, NBC UNIVERSAL Locations: South

☆ Here's where to invest $1 million, according to the pros
▼ + stars: | 2024-09-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

If you had as much as a spare $1 million to invest right now, what should you buy? Balanced-to-medium risk profile With as much as $1 million to invest with, investors can buy individual securities instead of being restricted to funds, said David Dietze, managing principal and senior portfolio strategist at Peapack Private Wealth Management. "A much smaller amount leaves an investor forced to invest in funds to get adequate diversification. With one million, one could say invest $20K in fifty different stocks and be well diversified," he said. More aggressive risk profile Gambles says that taking on a more aggressive stance would mean an "all in commitment" on the themes he expects will perform, and removing any hedges against those trades.

Persons: Paul Gambles, David Dietze, Dietze, Bristol Myers, Gambles Organizations: U.S . Federal Reserve, CNBC Pro, Family, Yen, Wealth Management, Bristol, BHP Group, Hershey, BHP Locations: China, Australian

☆ Why this top fund manager says the best investment this year is 'the hedge against political cycles'
▼ + stars: | 2024-09-21 | by ( Emily Glass | ) www.cnbc.com time to read: +2 min

A major exchange-traded fund and mutual fund manager finds the winning gold trade isn't talked about as much as the artificial intelligence trade — but maybe it should be. VanEck CEO Jan van Eck thinks the best investment this year is "the hedge against political cycles." But as of Friday, the VanEck Gold Miners ETF has started to outperform, up 31% this year. As for the AI trade, van Eck says it's "amazing" how investors refuse to give up on it. It's a companion to its VanEck Semiconductor ETF that excludes companies that run their own foundries, such as Intel .

Persons: isn't, Jan van Eck, Van Eck, CNBC's, Gold, van Eck Organizations: Gold Miners, Semiconductor, VanEck Semiconductor, Intel, Nvidia, Broadcom, Devices Locations: Huntington Beach

☆ Gold's rally to records shows no signs of slowing
▼ + stars: | 2024-09-17 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Gold prices just won't stop rising. Year to date, gold is up nearly 26% — outpacing the S & P 500's 18% gain. Since ETF holdings only increase gradually as the Fed cuts, this upside is not yet fully priced in." Investors seeking exposure to gold can obtain it through exchange traded funds, such as the SPDR Gold Shares ETF (GLD) . The fund, which tracks gold prices and charges 0.4% in fees, is up nearly 25% in 2024.

Persons: Goldman Sachs, Lina Thomas, Thomas, Christopher Danely Organizations: Reserve, Goldman, Miners, Gold Miners, Citigroup, Micron Technology

☆ Yukon gold miners are unearthing mummified ancient creatures and truckloads of fossils from the Ice Age. Take a look.
▼ + stars: | 2024-09-11 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +1 min

Gold miners in the Yukon are discovering mummified ancient animals from the Ice Age. Paleontologists often gather truckloads of fossils from the mines, but mummies are special and rare. Photos from inside the gold mines and the lab offer a glimpse at the ancient past. Go to newsletter preferences Thanks for signing up! AdvertisementMiners are digging up more than just gold in the Yukon, Canada's frigid northwestern territory bordering Alaska.

Persons: — Organizations: Service, Business Locations: Yukon, Alaska, North America

☆ 'Big Short' investors are bullish on gold because money is devaluing too quickly
▼ + stars: | 2024-07-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Three famed "Big Short" investors say gold remains a top long-term bet. Danny Moses, Porter Collins, and Vincent Daniel went on CNBC to explain why they're bullish. They cite rising debt levels, which they say could result in a "huge debasement" of the dollar. AdvertisementInvestors should be scooping up more gold for the long haul, according to three investors of "Big Short" fame. Collins and Daniel — the co-founders of Seawolf Capital — said they remained long on gold, gold miners, and precious metals like silver in their annual letter to shareholders.

Persons: Danny Moses, Porter Collins, Vincent Daniel, —, Vincent Daniel —, Collins, Daniel, Daniel —, Moses, Gold, we've Organizations: CNBC, Service, Treasury, stoke, Seawolf, Moses Ventures Locations: US

☆ Going for gold — Three 'Big Short' traders say the precious metal is a major long
▼ + stars: | 2024-07-27 | by ( Ellie Stevens | ) www.cnbc.com time to read: +2 min

"The Big Short" traders Danny Moses, Vincent Daniel and Porter Collins are focused on one of their top long bets: gold. "I just don't think Americans have enough gold in their portfolio," Collins said on CNBC's " Fast Money " in an exclusive interview this week . We are still very long gold , gold miners , Silver , Platinum Group Metals (PGMs) and Bitcoin ," they wrote. In a special email to "Fast Money" on Monday, Moses wrote he has a "large long" in the Sprott Physical Gold Trust . As of Friday's close, the Sprott Physical Gold trust is up more than 16% so far this year.

Persons: Danny Moses, Vincent Daniel, Porter Collins, Collins, Daniel, Moses Organizations: Seawolf, Group Metals, Moses Ventures, Trust Locations: U.S

GLD 5Y mountain GLD The SPDR Gold Shares ETF is the world's largest, with BlackRock's iShares Gold Trust and iShares Physical Gold ETC the second and third, respectively. Other top physical gold ETFs include the Borse Commodities GmbH Xetra-Gold and the SPDR Gold MiniShares Trust . Gold mining ETFs Buying gold mining ETFs — which own shares of multiple gold mining companies — is another way to get exposure to gold, and Meyer described those backed by large banks as "relatively safe," in an email to CNBC. "Even though gold equities respond to changes in gold price, the degree of that response has deteriorated over time," he said, adding that the risks and costs of gold extraction can weigh on miners. A selection of gold bars and one-ounce gold coins at Gold Investments Ltd. bullion dealers in London, UK, on Tuesday, May 21, 2024.

Persons: Tom Price, Price, Berenberg, Robin Bhar, Amy Arnott, John Meyer, Colin Hamilton, BlackRock's, Meyer, Barrick Gold Panmure Liberum, George Milling, Stanley, they're, Morningstar's Arnott, Bhar, Chris Ratcliffe Organizations: CNBC, Panmure, Bank of America, Citi, UBS, Gold, Morningstar, SP, CNBC Pro, Royal Mint, BMO Capital Markets, Borse Commodities, MiniShares, Gold Miners ETF, Miners, Barrick, Resolute Mining, Hochschild, Caledonia Mining, Barrick Gold Panmure, Endeavour Mining, Endeavour, Pan, Resources, State Street Global Advisors, Gold Investments, Bloomberg, Getty Locations: Panmure Liberum, U.S . New York, United States, U.S, Hochschild Mining, Zimbabwe, London, West Africa, Berenberg

Asia-Pacific markets traded mixed on Wednesday with Australia's S&P/ASX 200 reaching an all-time high, while an increase in business optimism among large Japanese manufacturers lifted Japanese stocks. Japan's Nikkei 225 declined 0.43% to close at 41,097.69, while the Topix rose 0.37% to end at 2,915.21. The Taiwan Weighted Index fell 0.77% after a report cited U.S. Republican presidential candidate Donald Trump saying that Taiwan should pay the U.S. for defense. I think, Taiwan should pay us for defense," Trump said in interview with Bloomberg Businessweek in June that was published on Tuesday. On a month-on-month basis, Singapore's non-oil domestic unexpectedly dropped 0.4%, compared with a expectations of a 4.1% growth.

Persons: Australia's, Donald Trump, Trump, Cho Jung, TSMC, Georges Elhedery, Elhedery, Noel Quinn Organizations: Reuters, U.S ., Nikkei, Northern Star Resources, Bellevue, Mining, Newmont Corporation, CSI, Republican, Bloomberg Businessweek, Taiwan, HSBC Holdings, Hong Locations: Asia, Pacific, Gold, Taiwan, Hong Kong

☆ Gold heads for record high close on view that Fed is poised to cut rates
▼ + stars: | 2024-07-16 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices advanced Tuesday, on track for a record close as rising expectations of a September interest rate cut bolstered demand for bullion. Gold futures advanced 0.6% to $2,443.80. According to UBS, central bank buying of bullion is the highest it's been since the late 1960s. The U.S.-listed shares of Harmony Gold and Gold Fields rose 6% and 4%, respectively.

Persons: Jerome Powell, Joni Teves, Teves, Gold Organizations: Co, Federal, U.S, greenback, UBS, Citi, Miners, Harmony Locations: Bangkok, Thailand, Ukraine, China, U.S

☆ The top gold strategist at $4.3 trillion State Street shares 3 reasons why gold could reach $2,700 by year-end — and how he invests in the metal
▼ + stars: | 2024-07-15 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

With over 50 years of experience in the gold industry, Milling-Stanley believes today's macroeconomic environment is ripe for gold to outperform. The possibility of a rate cut in the next six months has been looming over the economy, which should boost the price of gold, Milling-Stanley said. State Street Global AdvisorsUS dollar depreciation will also push gold prices up, he said. He estimates a 50% probability of gold prices ending the year in the $2,200 to $2,500 range and a 30% probability of prices rising between $2,500 and $2,700. Other cost-efficient options include the SPDR Gold MiniShares Trust (GLDM), iShares Gold Trust (IAU), Goldman Sachs Physical Gold ETF (AAAU), and GraniteShares Gold Trust (BAR).

Persons: —, George Milling, Stanley, there's, I've, He's, Goldman Sachs Organizations: Service, Stanley, Trust, Business, Street Global Advisors, Stanely, Street Global, MiniShares, Gold Miners, Miners Locations: Nigeria, Ukraine, China, Taiwan

☆ Stocks making the biggest moves midday: Paramount Global, Tesla, MGM Resorts and more
▼ + stars: | 2024-07-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Paramount Global's special committee is reviewing and voting on the agreement , CNBC reported, citing a person familiar with the matter. Tesla — The electric vehicle company jumped another 6%, bringing its week-to-date gains to 24%. Constellation Brands — Shares of the beer and wine company fell 2.5% after its first-quarter sales came in just below expectations. Silver miners were up 4.3% on Wednesday and on pace for their best day since May 17, while gold miners were up 3.76% and on pace for their best day since March 20. Copper miners also gained 4%, tracking for their best day since May 17.

Persons: Tesla, Dan Ives, LSEG, Jerome Powell, —, Samantha Subin, Yun Li, Lisa Kailai Han, Michelle Fox, Gina Francolla Organizations: Paramount, Skydance Media, National Amusements, CNBC, Elon, MGM Resorts, MGM, Constellation, U.S, Federal, Constellation Energy, Reuters, Pennsylvania Locations: Tuesday's

☆ Inside America's Fastest-Growing City, a Little-Known Gem in Texas
▼ + stars: | 2024-06-15 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +12 min

Just about 41 miles north of Dallas lies Celina, a small North Texas town that is America's fastest-growing city. Downtown Celina, Texas. Their metamorphosis into sprawling suburban metropolises has been greatly influenced by the ongoing expansion of the North Texas Tollway, which has increased accessibility to the previously remote cities. AdvertisementNew businesses are moving into the cityWith more people living in the city, Celina's economy is also growing as local businesses and services benefit from increased demand. However, Joe Monaco, director of marketing and communications for the city of Celina, told BI that there were "countless volunteers who came out."

Persons: There's, Katy, Ryan Tubbs, Celina, Celina Alcynna Lloyd, Taylor Morrison, Toll, Tubbs, Bankrate, Casas, Aaron Graham, Graham, They're, Tracy Miller, Celina —, Miller, Alcynna Lloyd, —, Sandy Lewis, It's, Celina ., Joe Monaco Organizations: Business, Downtown, Houston, homebuying, North Texas Tollway, Tollway, North Texas Tollway Authority, Celina, Highland Homes, Texans, Homes, Olympic, JC, Real, Group, Mustang, Highland, Little Elm, Troubadour, Celina's, Centurion American Development Group, Dallas, WFAA Locations: Dallas, Celina, North Texas, Collin County, Texas, California, Florida, Georgia , Illinois, Missouri, Africa, Asia, Central America, Europe, Downtown Celina , Texas, Celina Texas, United States, Austin, Celina , New Braunfels, Prosper, Frisco, Plano, Frisco ., Highland, Celina —, Wilson Creek, Cambridge, East Coasts, New York

☆ The outlook on gold and gold stocks into the summer is looking strong, according to the charts
▼ + stars: | 2024-05-16 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Let's take a look at how gold stocks have fared and see how recent price action suggests the uptrend is nowhere near completed. While gold stocks tend to be very much tied to the performance of the underlying commodity, there will often be periods of dislocation, where gold and gold miners appear to be more disconnected. This appears to have occurred in the first quarter, when physical gold was fairly flat, but gold miners were sold off into a February low. The chart of Royal Gold (RGLD) shows that the early breakouts are beginning to occur. Given the strength in the charts of physical gold and gold miners, this group may serve as a compelling opportunity going into the summer months.

Persons: Let's, David Keller Organizations: Nasdaq, Gold Miners, CMT

☆ Gold stocks and ETFs to buy right now, according to the pros
▼ + stars: | 2024-05-08 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Gold stocks Among Teng's top gold picks is Canadian miner Barrick Gold . Gold ETFs Aside from stocks, Teng recommended that investors consider exchange-traded funds (ETFs) as a good way to gain exposure to the yellow metal. "ETFs are highly liquid and can be bought and sold daily on the open market, making it easy to adjust a portfolio's gold exposure when needed," he said. He added that ETFs with exposure to the mining sector were an "attractive option," highlighting the VanEck Gold Miners ETF ( GDX ) and VanEck Junior Gold Miners ETF ( GDXJ ). While Teng is bullish on specific stocks within the ETFs, he notes that they broadly capture "the most popular large-cap and mid-cap gold miners funds," thereby offering a "relative balance in one's gold portfolio."

Persons: Kevin Teng, Teng, Barrick, Newmont, Will McDonough, McDonough Organizations: Wrise, CNBC Pro, Barrick Gold, Newmont Corporation, Wall, Coeur Mining, Hecla Mining, New York Stock Exchange, BHP, Gold Miners

☆ Beware of a dead-cat bounce and prepare for a severe market correction by making these 6 investments now, a veteran chartmaster warns
▼ + stars: | 2024-04-24 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

The S&P 500 is in its most perilous position since late last summer, cautioned David Keller, the chief market strategist at StockCharts.com. After an uptick in volatility in March 2023, the S&P 500 enjoyed a virtually uninterrupted rally before peaking on the final day of July. Related storiesIn the meantime, investors should keep a close eye on two key technical support levels for the S&P 500, Keller said: 5,050 and 4,820. Utilities are one of only two parts of the market that's up in the last month, due to its risk-off nature. The VanEck Gold Miners ETF (GDX) is another compelling way to ride that rally, Keller said.

Persons: —, David Keller, I'm, Keller, Stocks, StockCharts.com, they're, Keller isn't, that's Organizations: Service, Business, Utilities, StockCharts.com, VanEck Oil Services, P Oil & Gas Exploration, Production, Miners Locations: East, Israel, Freeport

☆ 'Big change' in global growth is bullish for commodities including copper, says VanEck CEO
▼ + stars: | 2024-04-20 | by ( Meredith Mutter | ) www.cnbc.com time to read: +1 min

Investors should consider commodities due to a "big change" involving international expansion, according to VanEck CEO Jan van Eck. "The world economy started growing again," van Eck told CNBC's "ETF Edge" this week. Manufacturing PMI is now positive in China as of March," said van Eck. Its exchange-traded funds include the VanEck Gold Miners ETF (GDX) and VanEck Oil Refiners ETF (CRAK) . Van Eck highlights copper 's momentum as a positive sign for demand.

Persons: Jan van Eck, van Eck, CNBC's, Van Eck Organizations: PMI, Gold Miners Locations: China

☆ Another way to play the commodity breakout with a copper stock forming a 'bull flag' chart pattern
▼ + stars: | 2024-04-19 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

If you look at the other metals like copper and steel and their associated stocks you'll see breakouts as well, and in fact, they are showing more strength than gold stocks. Looking at a chart of copper we'll see a clear breakout above the early 2023 high of $4.35 with the 2022 highs of $5.00 targeted. Fundamentally speaking copper is an industrial metal heavily needed in China and India for infrastructure, transportation, and the green energy buildout. 'Bull flag' pattern The way I'm expressing this bullish thesis in copper is through my holdings in Southern Copper Corp (SCCO) in the dividend portfolio at Inside Edge Capital. That's not exactly cheap, but with the forecasted global demand of copper we think that multiple is justified.

Persons: There's, COPX, That's, Todd Gordon, Gordon, SCCO Organizations: Gold Miners, Copper Miners, Southern Copper Corp, Edge, Inside Edge, Inside Edge Capital Management Locations: China, India, Panama, GDX, COPX, Arizona

☆ The rally in gold could be still in the early stages, according to the charts
▼ + stars: | 2024-04-04 | by ( David Keller | ) www.cnbc.com time to read: +4 min

Our review of the charts of precious metals tells us that the recent rally in gold prices could be just the early stages of a broad advance in the second quarter and beyond. Interestingly enough, gold stocks have actually been underperforming gold for most of the last 12 months. But over the last six weeks, gold miners have shown renewed strength, outperforming spot gold. This may be just the beginning of a "catch up" trade where gold miners close the performance gap with gold. Gold stocks have been lagging behind spot gold, but that trend of underperformance has begun to change in the last six weeks.

Persons: Alan Shaw, David Keller Organizations: Gold Miners, CMT Locations: retest

☆ Gold could be implying inflation remains sticky. How to play it with options
▼ + stars: | 2024-04-04 | by ( Michael Khouw | ) www.cnbc.com time to read: +2 min

The Federal Reserve, as always, is trying to strike a balance between conquering inflation and navigating the soft-landing. Of course, if higher rates also successfully curb inflation then gold, as an inflation hedge, shines less brightly. GLD YTD mountain SPDR Gold Shares GLD But gold is shining brightly. So gold markets are implying that we could get some rate cuts, inflation will be sticky, or both. This provides continued exposure to the upside if the gold rally continues, while locking a modest profit as well.

Organizations: Federal Reserve, VanEck Gold Miners

☆ Want to play red hot gold prices? Buy these 3 stocks, says top hedge fund manager
▼ + stars: | 2024-03-22 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Analysts are expecting gold prices to have even more upside from here . There is a common belief that gold prices tend to rise when interest rates fall, with bonds becoming less attractive as they no longer deliver attractive yields. Stock picks Want to play the gold theme via gold miners? Even in this environment, not all gold stocks are equal – with some big miners underperforming despite the record gold price, according to Neuhauser. A third stock he named is Canada-listed Wesdome Gold Mines , which he says fits his overall criteria for gold miners.

Persons: David Neuhauser, Neuhauser, there's, Joe Biden's, Newmont, they'll Organizations: U.S . Federal Reserve, CNBC Pro, Fed, Livermore Partners, U.S, U.S ., Stock, Barrick Gold, Mining, Mines Locations: Ukraine, Gaza, U.S, Canada, OECD

☆ A lower-risk way to play the gold breakout from here
▼ + stars: | 2024-03-14 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

We'll break down the rally in gold, why gold miners have been trailing it and the options trades I'm putting on from here accordingly. Investing in gold and silver mining companies, rather than purchasing the precious metals has frequently been promoted as a way to get "leverage" to the price of gold or silver. Notice that the share price of the VanEck Gold Miners ETF (GDX ) tracking the companies, has declined more than 15.5% since the highs in April of 2023. GDX GLD mountain 2023-04-13 VanEck Gold Miners ETF (companies) vs. SPDR Gold shares ETF (commodity) It should be said that GDX and Newmont Corporation pay dividends, whereas gold itself does not. Additionally gold miners are sometimes located in suboptimal geographic locations/jurisdictions where they may be subject to geopolitical factors beyond the price volatility of the commodities they produce.

Persons: Warren Buffett Organizations: Gold Miners, Newmont Corp, Gold Miners ETF, SPDR, Newmont Corporation, Mining, Consumers Locations: Washington

☆ Gold rises above $2,100 to highest level ever as traders bet on interest rate cuts
▼ + stars: | 2024-03-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Gold futures settled at the highest level ever on Monday as traders bet the Federal Reserve will start cutting interest rates in the second half of the year. When adjusted for inflation, gold set an all-time high of about $3,200 in 1980, according to Peter Boockvar, chief investment officer at Bleakley Financial Group. Gold has has performed well despite high interest rates and a strong dollar, he said. Gold now has upside on the expectation that the Fed will start cutting interest rates this year as inflation comes down, hesaid. Traders are betting the Fed will cut rates in June, according to the CME Fed Watch Tool.

Persons: It's, Peter Boockvar, Boockvar, Gold, Bart Melek, Melek Organizations: Federal Reserve, Miners, Bleakley Financial, TD Securities, Fed, Traders, CME Locations: U.S, Ukraine, China, Saudi Arabia

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