ProShares Ultra Silver
How Much Could Brexit and Volatility Control Gold?
Fears in the overall financial market about a Brexit, the possible exit of Britain from the European Union, have abated. This helped gold fall.
How Investor Appetite for Risk Impacts Precious Metals
Gold and silver have seen trailing-five-day losses of 0.9% and 2.7%, respectively. The reason behind the fall in the precious metals is the buoyancy of the equity markets and the gains in the US dollar.
How Economic Numbers Are Affecting Gold and Miners
The New Home Sales figure stood at 592,000, higher than the expectation of 575,000. The higher sales were likely due to the better forecast for the economy.
Fed Meeting Is Over: What’s Next for Precious Metals?
The Fed kept interest rates unchanged at its July 27, 2016, meeting. Precious metals took guidance from it and most likely began looking forward to the Bank of Japan’s meeting.
A Look at the Technical Indicators for Major Miners
On July 13, 2017, Franco Nevada, Randgold Resources, Yamana Gold, and Cia De Minas had implied volatilities of 28%, 28.4%, 55.4%, and 38.6%, respectively.
Behind Silver Miners’ Debt Repayment Capacities
Silver companies try to maintain an optimal level of debt-to-equity to lower their costs of capital and maintain an optimum level of risk-reward for shareholders.
Analysts Are Optimistic about Coeur Mining
Market sentiment for Coeur Mining Coeur Mining (CDE) is a high-cost producer compared with peers (RING) (SIL). While it has initiated several measures to bring down its costs in the last few years, they remain high. Higher costs make CDE more leveraged to gold and silver prices than other low-cost producers such as Barrick Gold (ABX) […]
Silver Futures Show a Silver Lining
Recent global unrest and the equity market slump have weighed on silver while the haven appeal that has lifted up gold has also helped silver.
What Falling Miner RSI Levels Suggest
The RSI levels of our four select mining giants have all increased lately due to their higher stock prices.
Analyzing Silver Miners’ Relative Valuations
Precious metals miners with substantial exposure to silver are usually classified as silver miners.
Why Did Speculators Pour Money into Gold?
Large money managers and speculators were bearish on gold in 2015. Gold declined for three consecutive years. However, 2016 started with a bang.
Will silver prices break below key support?
Market sentiments for silver prices are bearish and bullish traders could see resistance at silver prices at $16.50 per ounce levels.
Which Silver Miners Offer Diversified Exposure to Commodities?
For investors considering silver stocks due to their leveraged exposure to silver prices, the higher the company’s revenues derived from silver, the better.
Silver prices could break the support of $15.50 per ounce
Prices settled just above the important support level on March 9, 2016. The April futures for silver might test the next key support of $15.50 per ounce.
How Are Silver Prices Influencing Major Silver Miners?
Silver miners have shown a significant correlation to gold prices at 0.90 since the start of 2013. Silver prices have a strong correlation as well.
Silver prices retreat from the key support for the third day
The falling wedge pattern could be seen in the May silver futures contracts. Silver prices were trading at the lower part of the wedge pattern on March 10, 2015.
Mining Stocks Are Recovering from Their Slump
The Direxion Daily Gold Miners (NUGT) and the ProShares Ultra Silver (AGQ), both leveraged mining funds, both have recovered and jumped 19.4% and 24.9%, respectively, on a five-day trailing basis.
How the Global Scenario Is Affecting Gold and Silver
Gold and silver have lost 0.85% and 2.6%, respectively, on a five-day trailing basis.
What’s Driving Silver’s Growth?
Silver has successively risen in the current year and is now the best-performing precious metal.
Precious Metals Slow Down: What Technicals Are Pointing To
Palladium has a greater industrial use, so it may closely associate with industrial sentiment rather than the sentiment for precious metals.
Mining Stocks Gave Mixed Reactions to Global Tensions
On Tuesday, January 5, mining companies gave a mixed reaction to the continued rise in precious metals.
Wagers on Gold Drop: What’s Next?
After the Fed hinted that it could raise interest rates as early as June, hedge funds and money managers cut their bullish bets on gold futures and options to the lowest in almost two months.
Should you invest in silver and gold stocks or ETFs?
In addition to the potential headwind from higher real rates, it’s also not clear that either metal is that mispriced. Valuing commodities is notoriously difficult, as there are no cash flows.
Will the iShares Silver Trust ETF continue its recent rally?
The rally had pushed silver ETFs such as the iShares Silver Trust ETF (SLV), the ProShares Ultra Silver (AGQ), and the Silver Trust ETF (SIVR) higher.
Will Silver Miners’ Multiples Expand after a Long Dry Spell?
On November 14, 2018, Pan American Silver announced that it was buying Tahoe Resources in a $1.07 billion cash and stock deal.
This Ratio Signals Significant Upside: Should You Bet on Silver?
While the SPDR Gold Trust (GLD) has fallen 4.8% year-to-date, the iShares Silver Trust (SLV) has fallen 14.6% in the same period.
Which Silver Miners Look Primed for a Rebound after a Dry Spell?
Of all the major silver stocks, Tahoe Resources (TAHO) is trading at the lowest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 3.3x.
Which Gold Miners Look Promising as Gold Rebounds?
While gold miners have been out of favor for a long time, that may be about to change. As uncertainty in the market is increasing, gold prices are poised to rise.
Which Silver Miners Look Reasonable at Current Valuations?
Of all the stocks we’ve covered in this series, Tahoe Resources (TAHO) is trading at the lowest enterprise-value-to-forward-EBITDA multiple of 3.5x.
Mining Stocks Today: Your Technical Updates
On October 5, Gold Fields, Agnico-Eagle, Cia De Minas Buenaventura, and AngloGold had implied volatility readings of 40.4%, 33.6%, 35.3%, and 40.9%, respectively.
What Are Mining Stock Technical Indicators Telling Us?
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.
Reading the Technicals of Mining Shares in September 2017
Most mining shares witnessed an up day on Monday, September 25, 2017, as precious metals increased over the ongoing global tensions.
How Gold, Silver, and Mining Companies Performed on September 18
On September 18, gold fell 1.1% and closed at $1,306.90 per ounce. Of the precious metals, silver fell 3.1% and closed at $17.10 per ounce.
A Correlation Study of Mining Stocks in September 2017
Among the four miners we’re looking at, Gold Fields has the highest correlation to gold on a YTD basis, while Sibanye Gold has the lowest correlation to gold.
A Look at Mining Stocks’ Correlation with Gold
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 […]
The Correlation Analysis of Miners through August 2017
Silver Wheaton has a three-year correlation of ~0.70 with gold and a year-to-date correlation of ~0.80.
Assessing Gold Miners’ Capacity to Repay Debt through Earnings
Yamana Gold’s (AUY) net-debt-to-forward EBITDA ratio is 2.8x, which is higher than its peers’ ratios.
Unpacking the Technical Indicators for Mining Stocks
Mining stocks have bounced back from the choppy markets we’ve seen over the past month. On July 20, most mining stocks saw upward movements in their prices.
Have Miners’ Relative Strength Levels Revived?
In this article, we’ll look at some important technical indicators for Coeur Mining (CDE), Barrick Gold (ABX), Buenaventura (BVN), and AngloGold Ashanti (AU).
How Has Miners’ Volatility Trended in July?
Mining stocks have bounced back from the choppy markets seen over the past week.
What Are the Key Trends in Miners’ Correlations?
Over the past three years, Yamana, Sibanye, and Gold Fields have seen upward correlations in their correlation trends with gold.
How Precious Metals’ Slump Dragged Mining Shares and Funds Lower
Gold tumbled to an eight-week low on July 3, 2017. Gold futures for August delivery fell almost 1.9% to settle at $1,219.2 per ounce.
These Mining Companies Are Showing an Uptrend Correlation with Gold
When we try to interpret the performance of precious metals, it’s crucial to study the impact of metal price variations on mining shares.
Mining Stocks’ Relative Strength Index Hits Rock Bottom
The rise and fall of precious metals also significantly impact mining-based leveraged funds like the Direxion Daily Gold Miners (NUGT) and Proshares Ultra Silver (AGQ).
Why RSI levels of Mining Shares Are Rising
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.
How Silver Miners Rank Based on Debt Repayment Capacity
Coeur Mining (CDE) has a net debt-to-forward-EBITDA ratio of 0.40x, which seems comfortable. Hecla Mining’s (HL) ratio is slightly higher at 1.3x.
How Are the Correlations of Mining Stocks Moving?
Fears surrounding a potential upcoming interest rate hike took over precious metals recently, and they fell at the beginning of May 2017.
Reading the Mining Stocks’ Falling RSI Numbers
Newmont Mining, Silver Wheaton, Randgold, and Yamana have RSI levels of 45.5, 37.1, 41.2, and 43.0, respectively.
Correlation Trends of Miners to Gold
Among the leveraged mining funds, the Direxion Daily Gold Miners ETF (NUGT) and the Proshares Ultra Silver ETF (AGQ) have seen considerable losses over the past month.
A Look at Mining Stocks’ Correlation with Gold in 2017
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 […]
Behind Mining RSI Levels and Volatility Now
Leveraged mining funds including the Direxion Daily Gold Miners (NUGT) and the Proshares Ultra Silver (AGQ) saw big jumps in early 2017 due to the revival in precious metals.
Analyzing the Volatility of Mining Stocks
As of April 6, 2017, the volatilities of New Gold (NGD), Agnico Eagle (AEM), Silver Wheaton (SLW), and Franco-Nevada (FNV) were 55.5%, 36.6%, 34%, and 30.1%, respectively.
Which Miners Are Seeing Falling Correlations with Gold?
Leveraged mining funds like the Direxion Daily Gold Miners (NUGT) and the ProShares Ultra Silver (AGQ) have seen significant correlations with their respective precious metals.
How Are Mining Stocks Performing at the Start of April 2017?
As of April 4, 2017, the volatilities of New Gold (NGD), Agnico Eagle Mines (AEM), Silver Wheaton (SLW), and Randgold Resources (GOLD) were 51.5%, 35.4%, 61.7%, and 54.1%, respectively.
Understanding Mining Stock Volatility in March
Now that mining companies have begun witnessing revivals from their losses earlier this year, it becomes crucial to examine the volatility figures and RSI.
How Miners Correlated with Precious Metals in March 2017
Leveraged mining funds such as the Direxion Daily Junior 3X Gold Miners (JNUG) and the ProShares Ultra Gold (AGQ) also have significant correlations with their respective precious metals.
Mining Stock RSI levels: What the Indicators Suggest
NUGT and AGQ have seen YTD rises of 18.6% and 27.5%, respectively. But the volatility of such mining funds can be higher than that of precious metals.
A Look at Silver Miners’ 2016 Commodity Exposure
Commodity exposure In the previous part of this series, we looked at miners’ geographic exposure, which is important to consider due to the geopolitical risks some jurisdictions face. It’s equally important to consider their revenue compositions in terms of commodity exposure. Contribution from silver Silver companies are rarely pure-play miners. For investors considering silver […]
Mining Correlation Trends: Key Analysis
Precious metal stocks with higher correlations to their respective metals are often more affected by global indicators.
Analyzing the Correlation between Silver Prices and Miners
Mining funds such as the iShares MSCI Global Gold Min (RING) and the leveraged ProShares Ultra Gold (AGQ) have also seen significant correlations with their respective precious metals.
Looking at Silver Miners after the Federal Reserve’s Rate Hike
Silver miners (SIL) are usually a levered play on gold. Notably, silver has outperformed gold year-to-date.
Reading Mining Companies’ Volatilities and RSI Levels
Mining companies’ volatilities are significant to the buying process. The mining shares we’ve selected in this article are Kinross Gold, Eldorado Gold, IAMGOLD, and Harmony Gold.
Analyzing Mining Stocks’ Volatility
As of March 15, the volatilities of Silver Wheaton, AngloGold Ashanti, Hecla Mining, and Kinross Gold were 38.2%, 36.2%, 29.3%, and 40.6%, respectively.
Are Miners Rebounding from Last Week’s Slump?
Monitoring the implied volatilities of large mining stocks is important. We should also watch their RSI (relative strength index) levels, particularly in the wake of changing precious metals prices.
Miners and their Volatility Numbers and RSI Levels
Precious metal mining stocks closely track precious metals. Precious metal leveraged funds have fallen recently due to the slump in precious metals.
How Precious Metals Have Performed amid Volatility
Precious metal mining stocks are known to closely track the performances of precious metals.
Mining Stocks: An Upward or Downward Correlation to Gold?
Agnico-Eagle Mines has the highest correlation to gold year-to-date. Primero Mining is the least correlated to gold.
Analyzing the Upward-Downward Correlation of Precious Metals
Mining companies with high correlations to gold include Randgold Resources (GOLD), Yamana Gold (AUY), Pan American Silver (PAAS), and Coeur Mining (CDE).
Reading the Correlation Movement of Mining Stocks
Sibanye Gold has the closest correlation to gold on a YTD basis among the four miners under review.
How Miners’ Correlations Are Moving
Precious metals prices have risen from the ten-month lows they saw in December 2016. As a result, most mining stocks have also risen substantially.
A Look at the Correlations of Mining Stocks
Yamana Gold has the closest correlation to gold on a YTD basis among the four miners under review.
Analyzing the Volatility of Miners in February 2017
Call implied volatility takes into account the changes in an asset’s price due to variations in the price of its call option.
How Interest Rates Are Impacting Precious Metals
Many of the recent changes in precious metals have been determined by changes in the interest rates offered on US Treasuries.
Reading the Volatility Numbers for Mining Stocks
It’s important to monitor the implied volatilities and RSI levels of large mining stocks, particularly in the wake of the changes in precious metal prices.
Where Are Mining Stocks’ RSI Numbers and Volatility Pointing?
The trailing 30-day returns of most mining companies are positive due to precious metals’ diminishing safe-haven appeal.
Reading the Volatility and RSI Levels for Miners
Precious metal mining stocks are known to closely track the performance of their respective precious metals. Mining stocks often show more volatility than metals.
Understanding the Correlation of Mining Stocks in 2017
Precious metal prices have been falling since Trump won the US Presidential election on November 8, 2016. Mining stocks quickly followed suit.
Volatility among the Miners in 2017
Sibanye Gold, Gold Fields, Agnico-Eagle Mines, and Pan American Silver had RSI levels of 51.4, 54.6, 59.4, and 58.8, respectively.
Gauging Mining Stocks’ Correlation to Gold
Precious metal prices have been falling since Donald Trump won the US Presidential election on November 8, 2016, and mining stocks followed suit.
Why Mining Stocks Are Seeing Rising RSI Levels
In this part, we’ll look at the implied volatilities of large mining stocks and their RSI levels in the wake of precious metal prices.
What’s the Correlation between Mining Stocks and Gold?
Mining companies that have high correlations with gold include Agnico Eagle Mines (AEM), Alacer Gold (ASR), Alamos Gold (AGI), and AngloGold Ashanti (AU).
What Are Miners’ Volatility and RSI Levels?
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.
Analyzing Silver’s January Technicals
Among the other precious metals trading on the COMEX, silver shares for March expiration maintained an almost flat end to the day on January 11, 2017.
How Mining Stocks Reacted to Plummeting Metals
Mining companies that have high correlations to gold include Royal Gold (RGLD), Goldcorp (GG), New Gold (NGD), and Newmont Mining (NEM).
Mining Stocks and Gold Correlation in 2016
Precious metal prices have been falling since Donald Trump won the US presidential election on November 8, 2016. As a result, mining stocks have also been falling.
What Were Mining Stocks’ Correlations during December?
Precious metals had a great start to 2016. Franco-Nevada’s correlation rose from an ~0.59 three-year correlation to an ~0.63 one-year correlation.
Analyzing Mining Stocks’ Correlation in 2016
Mining companies that have high correlations with gold include Buenaventura (BVN), AngloGold Ashanti (AU), Hecla Mining (HL), and Kinross Gold (KGC).
Analyzing Upward and Downward Correlations among Miners
Precious metals had a great start to 2016, but they’ve been falling since Donald Trump won the US presidential election. As a result, mining stocks have also been falling.
How Are Miners and Gold Correlated?
The substantial returns of most mining companies have been due to safe-haven bids that boosted gold and other precious metals.
Reading the Correlation of the Mining Stocks
Mining stocks and gold Although precious metals were doing well at the beginning of 2016, it’s important to know which mining stocks overperformed and underperformed precious metals. Precious metal prices have been falling since Donald Trump won the US presidential election on November 8, 2016. As a result, mining stocks have also been falling. Mining […]
What’s in Store for Silver Miners after the Fed’s Rate Hike?
Silver miners have shown a significant correlation to gold prices, at 0.84 from the start of 2013 to December 14, 2016.
Which Mining Stocks Have Highest Correlation to Gold?
Mining companies that have high correlations with gold include Cia de Minas Buenaventura (BVN), AngloGold Ashanti (AU), Hecla Mining (HL), and Kinross Gold (KGC).
Commercial and Non-Commercial Positions in Silver Are Falling
Silver-based mining funds like the Global X Silver Miners Fund (SIL) have been negatively impacted by the drop in silver prices.
Exploring the Correlations of Mining Stocks
Precious metals were doing well at the beginning of 2016. It’s important to know which mining stocks overperformed and which underperformed precious metals.
Miners’ Upstream and Downstream Correlation
Kinross and Hecla saw their correlations with gold rise. Kinross’s correlation rose from an ~0.55 three-year correlation to an ~0.61 one-year correlation.
Which Mining Stocks Have Strongest Correlations with Gold?
Leveraged mining funds such as the Direxion Daily Junior Gold Miners Bull 3X ETF (JNUG) and the ProShares Ultra Silver (AGQ) have fallen due to the decline in precious metals.
Which Mining Stocks Are Strongly Correlated to Gold?
Mining companies that have high correlations with gold include Cia De Minas Buenaventura (BVN), AngloGold Ashanti (AU), Hecla Mining (HL), and Kinross Gold (KGC).
Miners and Their Upstream or Downstream Correlations to Gold
Precious metal prices have been falling since Donald Trump won the US presidential election on November 8, 2016. As a result, mining stocks have also been falling.
Which Mining Stock Is Most Correlated to Gold?
Mining companies that have high correlations with gold include Sibanye Gold (SBGL), Gold Fields (GFI), Silver Wheaton (SLW), and Franco-Nevada (FNV).
Reading the Trends in Miner Correlations
Randgold is the most correlated with gold on a YTD basis among the four stocks under review. Primero Mining is the least correlated with gold.