ProShares Ultra Silver

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  • uploads///Gold versus VIX indicator
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///Front Month Silver Futures  Month Price Evolution
    Basic Materials

    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.

    By Meera Shawn
  • uploads///Gold Price fluctuations since
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///efffefabdbccfbeebab
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///Net debt to EBITDA
    Basic Materials

    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.

    By Anuradha Garg
  • uploads///CDE
    Basic Materials

    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) […]

    By Anuradha Garg
  • uploads///Front Month Silver Futures  Month Price Evolution
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///Silver
    Company & Industry Overviews

    Analyzing Silver Miners’ Relative Valuations

    Precious metals miners with substantial exposure to silver are usually classified as silver miners.

    By Anuradha Garg
  • uploads///Front Month Gold Futures  Month Price Evolution
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///si  march
    Company & Industry Overviews

    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.

    By Gordon Kristopher
  • uploads///Commodity exposure
    Company & Industry Overviews

    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.

    By Anuradha Garg
  • uploads///slv  march
    Basic Materials

    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.

    By Gordon Kristopher
  • uploads///Silver miners
    Company & Industry Overviews

    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.

    By Anuradha Garg
  • uploads///silver march
    Company & Industry Overviews

    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.

    By Gordon Kristopher
  • uploads///RSI
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///Gold versus Silver
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///Front Month Silver Futures  Month Price Evolution
    Macroeconomic Analysis

    What’s Driving Silver’s Growth?

    Silver has successively risen in the current year and is now the best-performing precious metal.

    By Meera Shawn
  • uploads///Front Month Silver Futures  Month Price Evolution
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///dfbaeaccacb
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///Front Month Gold Futures  Month Price Evolution
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • Basic Materials

    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.

    By Russ Koesterich, CFA
  • uploads///SLV  year  jan
    Tech & Comm Services

    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.

    By Gordon Kristopher
  • uploads///Silver
    Basic Materials

    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.

    By Anuradha Garg
  • uploads///money _
    Miscellaneous

    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.

    By Anuradha Garg
  • uploads///Silver Miners
    Basic Materials

    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.

    By Anuradha Garg
  • uploads///Conclusion
    Basic Materials

    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.

    By Anuradha Garg
  • uploads///Valuation
    Basic Materials

    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.

    By Anuradha Garg
  • uploads///RSI
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///RSI
    Basic Materials

    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.

    By Meera Shawn
  • uploads///Gold versus VIX indicator
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Basic Materials

    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 […]

    By Meera Shawn
  • uploads///CORRELATION
    Basic Materials

    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.

    By Meera Shawn
  • uploads///Net debt to EBITDA
    Basic Materials

    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.

    By Anuradha Garg
  • uploads///RSI
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///RSI
    Basic Materials

    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).

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    How Has Miners’ Volatility Trended in July?

    Mining stocks have bounced back from the choppy markets seen over the past week.

    By Meera Shawn
  • uploads///CORRELATION
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///Gold and Silver Movements
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    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).

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///Net debt to EBITDA
    Company & Industry Overviews

    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.

    By Anuradha Garg
  • uploads///CORRELATION
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Miscellaneous

    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 […]

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///RS
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///Commodity exposur
    Company & Industry Overviews

    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 […]

    By Anuradha Garg
  • uploads///CORRELATION
    Macroeconomic Analysis

    Mining Correlation Trends: Key Analysis

    Precious metal stocks with higher correlations to their respective metals are often more affected by global indicators.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///Silver
    Company & Industry Overviews

    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.

    By Anuradha Garg
  • uploads///RSI
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    How Precious Metals Have Performed amid Volatility

    Precious metal mining stocks are known to closely track the performances of precious metals.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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).

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///Gold versus Two and Ten Year Interest Rates
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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).

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///Silver Futures  Day Chart and Pivots
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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).

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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).

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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 […]

    By Meera Shawn
  • uploads///Silver miners
    Company & Industry Overviews

    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.

    By Anuradha Garg
  • uploads///CORRELATION
    Macroeconomic Analysis

    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).

    By Meera Shawn
  • uploads///silver cot
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///MINER
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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).

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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).

    By Meera Shawn
  • uploads///CORRELATION
    Macroeconomic Analysis

    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.

    By Meera Shawn
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