Alamos Gold Inc

This is the fifth up day for gold prices in the last ten days. Prices increased by 0.72% more on the average up days than on the average down days over the last ten trading sessions.

During the past week, average hourly earnings, excluding the farming industry, were below analysts’ expectation of 0.10%.

Gold ended the day almost flat on Wednesday, May 2, and closed at $1,304.90 per ounce.

Most mining stocks have risen during the past month due to the revival in precious metals prices.

First Majestic Silver saw correlation drop during the past three years. On a three-year basis, its correlation with gold was 0.57.

Alamos Gold, Sibanye Gold, Agnico Eagle Mines, and Pan American Silver have call-implied volatilities of 43.2%, 50.5%, 22.1%, and 27.5%, respectively.

The Global X Silver Miners ETF (SIL) and the Sprott Gold Miners (SGDM) have fallen 3.5% and 4.4%, respectively, on a 30-day trailing basis.

Investors have their eyes set on the interest rates. A rise in the interest rates causes the demand for precious metals to fall.

As of November 16, 2017, Alamos Gold, First Majestic Silver, Sibanye Gold, and AngloGold Ashanti had call-implied volatilities of 46.9%, 54.6%, 63%, and 40.9%, respectively.

On October 23, Alamos, First Majestic Silver, Sibanye Gold, and Gold Fields had call implied volatilities of 46.9%, 54.6%, 63%, and 40.4%, respectively.

On September 29, Alamos, First Majestic Silver, Franco-Nevada, and Pan American had call implied volatilities of 46.9%, 54.6%, 25.5%, and 34%, respectively.

Many mining stocks saw a revival in prices on Monday, September 25, 2017, since precious metals saw an upswing.

Like silver, platinum has industrial uses and has seen growing demand in China.

Precious metal mining stocks follow trends in precious metals, and they’re a very volatile segment of the equity markets.

Miners’ correlation with gold In this part, we’ll look at mining stocks’ correlation with precious metals by comparing their price movement. Specifically, we’ll analyze Alamos Gold (AGI), First Majestic Silver (AG), B2Gold (BTG), and Royal Gold (RGLD). The mining stocks have recovered in the past few weeks. The Direxion Daily Gold Miners Bull 3x Shares […]

Gold futures for September expiration have risen ~3.9% over the past one-month period. Silver, platinum, and palladium have followed the same track as gold.

When reading the platinum market, it’s important to look at the relative performance of platinum and gold by using the gold-platinum ratio.

The gold-silver spread measures the price of one ounce of gold in relation to silver.

July 20, 2017, was an up day for the euro, which put downward pressure on the US dollar as represented by the U.S. Dollar Index (or DXY).

Gold and silver-based funds such as SGOL and SIVR are impacted by changes in precious metal prices. They fell due to the fall in precious metals on Friday.

Although gold and silver had a down day on Friday, June 9, 2017, platinum and palladium rose about 0.23% and 1.2%, respectively.

On June 6, the implied volatilities of Alamos Gold, Primero Mining, Silver Wheaton, and Franco-Nevada were 51.1%, 90.6%, 30.8%, and 24.5%, respectively.

On June 6, 2017, the US Dollar Index plunged to its lowest level in seven months, which helped dollar-denominated precious metals regain value.

The rise in gold on June 6 also boosted the other three precious metals. Silver futures for August delivery were 1.4% higher for the day and closed at $17.6 per ounce.

Precious metals were doing considerably well until the first half of April 2017. As investors’ risk appetites revived, haven assets slumped. Among these metals, silver has plummeted the most.

Metal investors have to study upward and downward trends as price change predictability can be affected by rises and falls in precious metal prices.

Mining stocks and precious metals As global tumult grips markets and investors are turning to mining stocks as safe havens, it’s crucial to understand which stocks are closely tied to precious metals. Stocks with a higher correlation with precious metals will likely be impacted more by global indicators that influence precious metals. The Direxion Daily […]

Since the French elections are right around the corner, investors might start parking their money in safe-haven assets like gold.

When analyzing the precious metals market, it’s important to take a look at the relationship between gold (SGOL) and silver (SIVR).

Precious metals had a bright first quarter, which ended March 31, 2017. Gold rose about 8.4%, marking its best quarter in almost a year.

Uncertainty in the market significantly affects the performances of precious metals. It also affects precious metals mining stocks, which are known to closely track precious metals.

The gold-silver spread was trading at 68.5 on February 23, 2017. The spread suggests that it took 68.5 ounces of silver to buy a single ounce of gold.

Platinum is known for its use in jewelry and as an autocatalyst for diesel-based automobile engines. The demand has been very fragile over the past few years.

Mining companies that have high correlations with gold include Agnico Eagle Mines (AEM), Alacer Gold (ASR), Alamos Gold (AGI), and AngloGold Ashanti (AU).

Gold prices for February expiration fell on the last trading day of the year. Gold fell 0.53% and closed at $1,152 per ounce on December 30, 2016.

Gold and silver have been strong for the past few days. However, silver has substantially outperformed gold year-to-date.

Mining companies that have high correlations with gold include Alamos Gold (AGI), First Majestic Silver (AG), B2Gold (BTG), and Royal Gold (RGLD).

Palladium has seen a year-to-date rise of 24.9%, which is higher than the increase in platinum, silver, and gold.

The gold-palladium spread has seen its ups and downs over the past few months. But the United Kingdom’s Brexit vote resulted in some strength for palladium.

The difference between yields on ten-year US notes and similar-maturity TIPS, a gauge of price expectations, expanded to as much as 1.7% last Tuesday.

A look at gold and equity market performance demonstrates that a falling stock market isn’t necessarily a catalyst for a major rally in gold.

Gold is a traditional hedge against inflation. Conditions that represent inflation include rising property prices, a rising stock market, and increasing asset values.