Is Gold Forming the Base of a Long-Term Bull Run?
Gold prices (GDX) generally inversely relate to the US interest rate environment. Under higher interest rates, the price normally trends lower.
Precious-metal-based funds such as the ProShares Ultra Silver (AGQ) and the Direxion Daily Gold Miners (NUGT) have seen a revival in their price during the last month.
Mining companies that have high correlations with gold include Agnico Eagle Mines (AEM), Alacer Gold (ASR), Alamos Gold (AGI), and AngloGold Ashanti (AU).
Donald Trump’s recent victory in the US presidential election initially resulted in fear among precious metal investors.
The SPDR Gold Shares (GLD) saw fund flows falling as the metal lost its allure after the interest rate hike in December.
Last year was a volatile year for the gold market. Softer demand from China and India, coupled with Trump’s victory, had immensely affected the precious metal.
The Federal Open Market Committee has a record of promising too many rate hikes in a year only enact few of them.
Despite the last quarter’s sell-offs, gold stocks performed exceedingly well in 2016.
In December, the AAOIFI and the WGC (World Gold Council) issued, for the first time, Shari’ah standard to deal with the use of gold (GDX) (GDXJ) as an investment in the Islamic finance industry.
The new year could usher in interesting times for gold (GDX) (GDXJ). On one hand, rising rates and a strong dollar could push gold prices down.
Despite a sharp reversal in late 2016, gold trended higher after four years.
While gold fell sharply in the last quarter of 2016, gold stocks weren’t far behind. The market capitalization–weighted NYSE Arca Gold Miners Index or GDM fell 20.2%.
In this series, we’ll discuss how the rally in gold has been prematurely halted due to extreme economic optimism after Trump’s victory.
3M’s forward price-to-earnings multiple In the previous part, we saw analysts’ recommendations. In this section, we’ll compare 3M’s (MMM) valuation with that of its peers. The forward PE (price-to-earnings) multiple…
Analysts’ expectations for 3M’s earnings per share As of January 17, 2017, Wall Street analysts expect 3M (MMM) to post EPS (earnings per share) of $1.87 in 4Q16, compared with $1.66…
Analysts’ recommendations for 3M As of January 16, 2017, 18 brokerage firms were tracking 3M (MMM) stock. Among them, 44% of these analysts have recommended the stock as a “buy,”…
3M’s revenue estimates by analysts With 3M (MMM) announcing its 4Q16 earnings on January 24, 2017, analysts expect 3M’s revenue to be flat or improve marginally on a YoY (year-over-year)…
3M (MMM) is set to announce its 4Q16 earnings on January 24, 2017, before the market opens. In this series, we’ll look at 3M’s stock performance since its 3Q16 earnings release and other measures to help investors make their decisions.
During Alcoa’s 4Q16 earnings call, markets expect management to discuss the financial loss due to the power outage at the smelter in Portland, Australia.
Alcoa’s 4Q16 adjusted EBITDA could be higher compared to the sequential quarter due to higher average realized metal prices.