Meera Shawn
Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
More From Meera Shawn
Analyzing Mining Companies’ Correlation with Gold
Precious metal prices’ revival in the last week has led to miners rebounding, with most mining companies performing positively.
How Is the Fed Influencing Precious Metal Demand?
The Fed has hinted that there could be two more interest rate hikes this year, for a total of four hikes in 2018.
What’s the Correlation of Miners in 2018?
The revival in precious metals on Friday caused a rebound in miners. But the fall on Monday again caused mining stocks to plummet.
Reading the Technicals of Mining Shares
After the revival on Friday, June 29, Monday was another choppy day. Let’s look at the technicals for four miners.
What’s the Impact of Interest Rates on Precious Metals?
Monetary policies have been crucial in determining the movement in precious metals.
Why the US Dollar Is Gaining Strength and the Impact on Gold
The primary reason for the fall in precious metals on Monday was the US dollar, which strengthened against the basket of other world currencies.
Platinum at 14-Year Low, All Precious Metals Tumble: What’s Next?
After witnessing a rebound on Friday, precious metals fell again on Monday, July 2. Gold fell 0.88% to close at $1,242 per ounce.
Is Newmont Mining Keeping a Close Tab on Gold?
With the revival in precious metals on Friday, June 29, most mining companies followed suit.
The US Dollar Is Overpowering Gold as Hedge against Market Risk
Among growing market unrest, investors have turned to the US dollar rather than gold as a safe haven.
Gold Has the Worst Month since November 2016
Gold rose on Friday, June 29, breaking its five-day losing streak. It rose 0.38% and closed at $1,253 per ounce.
Bitcoin Recovers on Saturday: Are More Gains in the Cards?
Saturday was a day of recovery for most cryptocurrencies.
Are the Technical Indicators Showing Some Hope for Miners?
On June 26, GG, AEM, AUY, and ABX had RSI scores of 30.5, 50.5, 52.9, and 43.6, respectively.
Which Miners Are Closely Correlated to Gold?
Over the past three years, HL and KGC have seen falling correlations with gold.
How the Platinum Markets Are Moving in Relation to Gold
Higher demand for gasoline-powered vehicles over diesel-based vehicles caused a slump in platinum prices.
Looking at the Spread between Gold and Silver
The gold-silver spread is 77, indicating that it takes ~77 ounces of silver to buy one ounce of gold. In May, this spread stood at 78.
How Are Mining Stocks Reacting to the Slump in Gold?
The Global X Silver Miners ETF (SIL) and the VanEck Vectors Gold Miners ETF (GDX) have fallen about 7.6% and 1.8%, respectively, during the last month.
How the Rate Hike Trajectory in the United States Impacts Gold
Barrick Gold (ABX), Goldcorp (GG), Newmont Mining (NEM), and Gold Fields (GFI) have declined 5.2%, 5.4%, 6.2%, and 2.8%, respectively.
Gold’s RSI Level Drops below 30—What’s Next?
On Thursday, June 28, silver fell 0.3% and was trading at $16.00. Platinum dropped 1.0% and traded at $850.00.
US GDP Misses Expectations—Is Gold Reacting?
Gold posted a fifth straight day of decline on June 28, touching a fresh six-month low of $1,244.80. Gold ended the day at $1,247.80.
Can We Establish a Relationship between Gold and the SPX Index?
The correlation between gold and the S&P 500 (SPX) is 0.18 on a year-to-date basis.
How Market Volatility Moved Gold on June 25
Precious metals saw downward price movement on June 25. Gold fell ~0.26% and was trading at $1,266.00 per ounce on the day.
Jack Ma Supports Blockchain but Not Bitcoin
Bitcoin (GBTC) seems to have found some support level to stay above $6,000. It was trading at $6,111 as of 8:15 AM EST, seeing a loss in price of 1.7% over the last 24 hours.
What’s Supporting Gold Prices and What’s Not
On Thursday, silver was up 0.8% to $16.6 an ounce.
Top Cryptos Rebound: Could Bitcoin Reach $25,000 by Year-End?
There seems to be a marginal rebound in the price of the top cryptocurrencies, although the markets were choppy on Thursday.
How Miners’ Correlations Are Moving in Accordance with Gold
In this article, we’ll focus on the correlations of selected miners with gold.
Reading the Reactions of Precious Metals Miners on May 23
In this article, we’ll discuss the moving averages, returns, and RSI scores of Sibanye Gold, Gold Fields, Coeur Mining, and Barrick Gold.
Are Miners Closely Tracking Gold and Silver?
In this part of the series, we’ll look at miners’ RSI (relative strength index) scores and implied volatilities.
How the Fed’s Minutes Played on Precious Metals
On May 23, the Fed’s May meeting minutes gave some support to gold prices as the ten-year Treasury note (IEF) yield dropped almost 5.1 basis points to 3.0%.
How Economic Numbers and the US Dollar Downplayed Precious Metals
Before the Fed’s minutes were released on May 23, gold was trading lower due to the increased pressure from the surging US dollar.
More Blood for Cryptocurrencies: What’s the Cause?
Breaking the cycle of alternate days of gains and losses, the cryptocurrency markets seem to have experienced an extreme downturn.
Bitcoin Falls below $8,000 Psychological Support Level
Bitcoin has fallen about 5% over the last 24 hours, and its market cap is also down to $134 billion.
A Look at Gold Funds’ and Miners’ Technicals
Most precious metal mining stocks have fallen over the last few months due to falling gold prices.
US Dollar at a 5-Month High, Gold at 5-Month Low
Besides overall market volatility, the most important determinant of precious metal prices, especially gold’s (IAU) (SLV), is the US dollar.
US-China Tensions Slowly Settle: How Has Gold Been Affected?
Gold prices dropped to a five-month low of $1,281.80 and closed at $1,283.30 per ounce yesterday.
Why Are Billboards Outside Warren Buffett’s Office?
Genesis Mining, which is the largest blockchain mining company based out of Iceland, put up billboards outside Warren Buffett’s office last week.
These Mining Stocks Are Following Gold Closely
Over the past three years, AEM, FNV, and ABX have seen a declining correlation to gold.
Basic Materials Are Analysts Optimistic about Miners?
Despite the ongoing slump in the precious metals market, it seems that there could be hope going forward.
Did Ray Dalio and John Paulson Revise Their Gold Positions in Q1?
As the 13F filings became available during the start of last week, much of the market buzz was about what money managers are holding and what they are staying away from.
Is a Rebound in the Cards for Gold?
After the massive slump in gold prices as US Treasury yields rose, the trading range for gold seems to have corrected lower.
Circle, Backed by Goldman Sachs, Introduces US Dollar Crypto
The Goldman Sachs–backed (GS) start-up Circle announced a new cryptocurrency pegged to the US dollar.
Silver: The Second-Favorite Metal
With continuing downward sentiment in precious metals, it’s important to look at what large traders and hedge funds are doing with their positions in metals.
US Yields Peak and Gold Slumps. Are the Dots Connecting?
US ten-year Treasury note yields (IEF) hit a high mark of approximately 3.1% today—a record since July 2011.
How the Correlation of Miners Moved amid Choppy Markets
Over the past three years, PAAS, AUY, and GOLD have seen declining correlations with gold, while FNV saw a mixed correlation to gold.
How the Dollar’s Surge Affected Precious Metals
The DXY gained 3.8% over the last month. During the same timeframe, gold fell 4.2%.
A Look at the Technicals of Miners in May
In the last month, Yamana Gold and Anglo Ashanti fell 3.1% and 7.7%, respectively, while Barrick Gold and Hecla Mining rose 0.15% and 4.0%.
The Slump in Precious Metals and Their Technicals
On May 15, gold dropped about 2.1% and closed at $1,288.90 per ounce.
Assessing Miners’ Relative Strength Index Scores
Markets were full of geopolitical tensions in April, boosting precious metals and miners’ stock prices.
How Miners’ Technical Indicators Compare
Precious metal mining companies typically follow precious metals.
What the Gold-Platinum Ratio Indicates
Lower platinum prices are a major concern for platinum miners in Africa.
Reading the Gold-Palladium Ratio
Whereas palladium has been the strongest among the four precious metals over the last month, it has fallen 7.2% year-to-date, possibly due lower car demand in China.
How the Gold-Silver Ratio Is Moving
When analyzing precious metals and precious metal mining companies, it’s essential to analyze the relationship between precious metals.
The Most Crucial Determinant of Gold Prices
Another crucial factor behind precious metals’ rise was the US dollar index, which fell 0.42% on May 10.
How Are Miners’ Correlations Moving in May?
In this part of the series, we’ll look at the correlation between gold and four mining stocks.
How Are Miners Performing Relative to Precious Metals?
Precious metals seem to be in doldrums lately over the strength in the US dollar and the Federal Reserve’s decision to raise interest rates.
How Are Miners’ Technicals Moving?
The four precious metals have revived compared to their previous losses over the past five trading days.
How Are Precious Metals Reacting to Market Volatility?
Besides the rise and fall in the US dollar, another crucial factor affecting precious metals price changes is overall market volatility.
A Quick Look at the Technicals of the 4 Precious Metals
Gold’s price dipped 0.13% to $1,312.8 per ounce on May 9. The fall in gold was extended for a number of reasons.
A Look at the Correlation of Precious Metal Miners
Yamana Gold has shown the highest correlation with gold this year, while Randgold has the lowest correlation on a year-to-date basis.
How Mining Stocks Are Reacting to Movement in Precious Metals
New Gold (NGD), Agnico Eagle Mines (AEM), Wheaton Precious Metals (SLW), and IAMGOLD (IAG) have fallen 25.8%, 7.4%, 3.7%, and 2.4%, respectively, year-to-date.
How Precious Metals Are Moving in Relation to Core Indicators
Gold traded at $1,312.20 per ounce on May 7. Its RSI level has dropped to 30, which indicates a near-term reversal in its price.
The Correlation of Miners over the Last Few Years
Over the past three years, NGD has seen a declining correlation to gold, while BTG, RGLD, and NEM have seen mixed correlations.
Are Mining Shares Closely Tracking Precious Metals?
Precious metals seem to be in the doldrums over the strength of the dollar and the Fed’s decision to raise interest rates.
Will the Strength of Cryptocurrencies Last?
The top cryptocurrencies have been on a surge. The overall market cap of all cryptocurrencies has increased to $457.7 billion.
Basic Materials Reading the Mining Stocks’ Technicals on May 2
ABX, HL, EGO, and IAG have implied volatilities of 26.3%, 43.5%, 60.4%, and 40.1%, respectively.
How the Federal Reserve’s April Meeting Impacted Precious Metals
Agnico-Eagle Mines (AEM), Barrick Gold (ABX), Royal Gold (RGLD), and Cia De Minas Buenaventura (BVN) fell 0.36%, 0.52%, 0.73%, and 4.1%, respectively, on May 2.
The Most Crucial Element in the Precious Metals Downtrend
Gold ended the day almost flat on Wednesday, May 2, and closed at $1,304.90 per ounce.
Are Miners Moving in Accordance with Precious Metals?
In this article, we’ll look at the primary technical readings of a select group of miners.
How Is Platinum Performing in 2018 So Far?
In this part of the series, we’ll focus on the gold-platinum spread, which compares the price performances of the two metals.
Is Palladium Losing Strength against Gold?
Palladium has been the weakest among the four precious metals on a YTD (year-to-date) basis.
A Quick Look at the Relationship between Gold and Silver
Though gold and silver are the top two haven precious metals and tend to move in tandem, 2018 has been a little surprising.
How Mining Stocks’ Technicals Moved at the End of April
The recent downturn of the metals has had a considerable impact on miners.
How Market Volatility Is Affecting Gold
Another crucial factor that affects gold is the volatility of the overall market.
Treasury Yields Hit 3% and Gold Fell: Coincidence?
In addition to the US dollar playing on precious metals, US interest rates and the decisions by the Federal Reserve have also historically had a substantial impact on these safe havens.
How Upswing in US Dollar Is Affecting Precious Metals
The correlation between gold and the dollar since the beginning of 2018 is -0.85.
All 4 Precious Metals in the Red: Is There Hope for Revival?
In this series, we’ll analyze the various factors that affected precious metal prices at the end of April.
Miners’ Correlations and How They’re Moving in April
In this part of our series, we’ll look at the correlation between gold and four mining stocks.
The US Dollar Is Surging: What’s the Impact on Gold?
A crucial factor that continues to impact gold is the US dollar. On Monday, gold and the other three precious metals fell considerably.
How Miners Are Performing in April amid Less Unrest
All four precious metals except palladium saw a down day on Friday, April 20. That led to a fall in most miners’ prices.
Cryptocurrencies Saw Mixed Performances
Bitcoin has been volatile and has seen more downs than ups in the last few months.
What Mining Stocks’ Relative Strength Indicators Suggest
The recent unrest in the markets has had a significant effect on precious metals and mining companies.
A Look at Miners’ Moving Averages in April 2018
The VanEck Vectors Junior Gold Miners Fund (GDXJ) was up 0.95% on Wednesday.
How Have Miners’ Correlations with Gold Been Moving in 2018?
Among these four miners, Newmont has shown the highest correlation to gold, while Franco Nevada has seen the lowest correlation on a YTD (year-to-date) basis.
Gold and Dollar Moved Together on Wednesday
A crucial factor that continues to affect gold is the US dollar.
How Market Unrest Is Affecting Gold
If we look at the historical performance of precious metals compared to markets, we see that gold has been closely tracking market volatility.
How Gold and Silver Performed amid Geopolitical Tensions
The past one month has been good for precious metals with the exception of platinum.
Miners’ Correlation with Gold in April
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Franco-Nevada (FNV), Coeur Mining (CDE), Kinross Gold (KGC), and Eldorado Gold (EGO).
How Precious Metals and Miners Moving in April?
Precious metals had another up day as gold futures for April expiration rose 0.48% on Friday, April 13, closing at $1,344.80 per ounce.
How Closely Are Miners Tracking Gold?
Usually, precious-metal-mining companies follow precious metals.
A Look at Miners’ Volatility in April 2018
The recent unrest in the markets has had a significant effect on precious metals and mining companies.
How Mining Stocks Performed on April 16
Precious metals increased on Monday, April 16, 2018, which was followed by most mining shares.
How Fall of the Dollar Is Impacting Precious Metals and Miners
A market indicator for gold that has been playing a significant role in determining the directional move for precious metals is the US dollar.
Following Metals, Miners Saw an Upswing on April 11
When precious metals rose on April 11, 2018, miners followed suit. Most miners saw an up day on April 11, though that may not always be the case.
Reading the Movements of Miners’ Correlations with Gold
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Royal Gold (RGLD), Goldcorp (GG), Sibanye Gold (SBGL), and Gold Fields (GFI).
Is the Correlation of Mining Shares Mixed or Directional?
Kinross Gold has shown the highest correlation with gold, while Eldorado Gold has seen a negative correlation YTD.
Precious Metal Miners and Their Technicals
All four precious metals except platinum saw their prices rise on Tuesday, April 10, 2018.
Analyzing Miners’ Implied Volatility
Recently, the unrest in the markets has had a big effect on precious metals and the US dollar.
Miscellaneous How Is the Dollar Affecting Precious Metals?
Besides ongoing geopolitical concerns, a crucial factor that gold keeps looking to for directional moves is the US dollar.
Are US-China Jitters Affecting Precious Metals?
Gold futures for April expiration were trading at $1,336.3 an ounce on Monday, April 9.
Finger on the Pulse: Miners’ Correlation in April so Far
In this part of our series, we’ll analyze the correlation between gold and four mining stocks: Hecla Mining (HL), Kinross Gold (KGC), Eldorado Gold, (KGC), and Alacer Gold (ASR).
What Mining Stocks’ Relative Strength Index Tells You
The precious metals and miners were widely expected to react negatively after the Fed decided to hike interest rates.
