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Latest Grupo Aeroportuario Del Sureste S.A. News and Updates
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 Do US Economic Numbers Play on Gold?
Economic data from the United States on Tuesday, July 21, 2016, on home starts and building permits affected gold and other precious metals to a certain extent.
How Closely Are Equities Tracking Gold?
Precious metals often run in the opposite direction of stocks. Whenever the risk appetite of investors is high, stocks tend to perform well.
Are Gold and Volatility Moving Together?
The rise in precious metals over the last few months has been due to insecurity among investors, given the political climate.
The Federal Reserve Minutes Pushed Gold Higher
As the Federal Reserve released minutes from its December meeting, gold prices jumped higher.
Is Gold Still Dependent on the Inflation Numbers?
Janet Yellen, chair of the Federal Reserve, noted that the Fed is planning to change the annual stress tests it gives to US banks. The test results would reveal whether the banks can withstand a massive financial crisis.
US Inflation Softens, Gold Still Has Drivers to the Upside
As per the U.S. Bureau of Labor Statistics, the US Consumer Price Index (or CPI) rose 0.2% in February, compared to a 0.5% rise in January 2018.
The Outlook for Asian Gold Demand in 2017
Physical gold demand India and China constitute ~50% of the global demand for physical gold. These markets are price sensitive, so when gold prices fall, physical gold-buying in these markets provides support for gold. In this article, we’ll see if demand from India and China could accelerate in 2017. Indian gold demand India’s demand for gold […]
Gold Rose despite the Strengthening US Dollar
The US dollar and precious metals are usually inversely related to each other.
Why Did Miners Fall on August 24?
Most mining companies reversed their 2015 losses during the first few months of 2016 and have posted substantial gains. There is a high correlation between mining stocks and precious metals.
As Investors’ Cash Positons Remains Strong, Where Does Gold Stand?
According to the most recent survey by Bank of America/Merrill Lynch (BAC), fund managers were cautious ahead of the US presidential election and concerns regarding the European Union.
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.
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.
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.
Is Palladium Losing Strength against Gold?
Palladium has been the weakest among the four precious metals 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 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.
US Inflation Rises: How Will It Impact Gold Prices?
According to the US Bureau of Labor Statistics, the US consumer price index (or CPI) rose 2.4% year-over-year (or YoY) in March 2018.
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).
Will Gold Keep Reacting to US-China Trade War Jitters?
The rise in gold on Wednesday was most likely due to the ongoing unrest in markets due to concerns about the US-China trade war.
What Drove Gold and Silver Upward?
The two most critical precious metals, gold and silver, rose on March 23, rising 1.4% and 1% in spot markets.
Analyzing the Volatility in Precious Metals Mining Companies
With more interest rate hikes likely to come in 2018, analysts expect precious metals and miners to underperform.
How Trade War Fears Could Move Precious Metals
All four precious metals saw a down day on Monday, March 5. Gold, silver, platinum, and palladium were down 0.23%, 0.33%, 0.31%, and 0.81%, respectively.
Could Bitcoin Be the New Gold?
Many analysts assume that the rise in gold’s price last week may have been supported by the tailwinds that caused the cryptocurrency market (ARKW) to slump, with Bitcoin correcting almost 30%.
Is Gold Keeping Tabs on the US Interest Rate?
As we know, precious metals are closely tied to movements in US interest rates. Bonds and equities are both yield-bearing assets, so a rise in yields often causes a slump in demand for assets such as gold and silver.
Interest Rate versus Gold: Interest Rate Wins Again
Gold is a non-yield bearing asset that reacts negatively to rises in the interest rate.
How the Dollar and Gold Moved in December
Gold and the US dollar are mostly inversely related to each other.
All 4 Precious Metals Rose on December 20, 2017
All four precious metals had an up day on December 20, 2017. Gold increased 0.43% on the day and closed at $1,267.80 per ounce.
Fed Hikes Interest Rate, Precious Metals Rebound: What’s Ahead?
Precious metals rebounded after the Fed increased the interest rate on December 13.
The US Dollar Fell 0.71% on December 13 as Gold Rose 0.57%
The US dollar (UUP) fell 0.71% on December 13—the day the Federal Reserve raised interest rates a quarter point to 1.25%–1.50%.
Waiting for the Fed’s Decision: The Reaction of Precious Metals
Although the US dollar has been the most important element contributing to changes in precious metals, the upcoming December meeting of the Federal Reserve has taken all of investors’ attention.
Correlation and Mining Stocks this Month
We’ll briefly analyze mining stocks’ correlation with gold. Gold is the most crucial of the precious metals, and mining stocks tend to increasingly take their price changes from gold.
A Correlation Study of Miners in December 2017
If we look at the YTD (year-to-date) correlations of the select mining shares to gold, there has been a reasonable fall.
The Tax Reform Bill’s Impact on Precious Metals
All four precious metals saw a down day on Monday, December 4, 2017, after the US dollar, in which the four metals are priced, rose $0.39%, propelled by the Senate passing its tax reform bill.
An Update on the Precious Metals as November Comes to an End
The US stock markets were closed on Thursday, November 23, 2017, for Thanksgiving, and the next day (Black Friday) was quite slow for precious metals. Gold played in a narrow range that day.
A Look at Mining Stocks’ Price Movement
Mining stocks’ reaction On Tuesday, October 31, precious metal mining stocks fell, following precious metals. In this part of our series, we’ll look at the moving averages and returns of four key mining stocks: Silver Wheaton (SLW), Hecla Mining (HL), Alacer Gold (ASR), and IAMGOLD (IAG). Hecla Mining and Alacer Gold have fallen 9.9% and 10.3%, respectively, YTD […]
These Factors Are Affecting Gold
Gold, silver, platinum, and palladium have a five-day trailing loss of 0.67%, 0.44%, 1.1%, and 1.5%, respectively.
All Eyes on Inflation—And Gold and Mining Stock Movements
Much of the discussion surrounding another interest rate hike in December has been about how inflation numbers have remained low.
How Global Indicators Are Affecting Precious Metals
Gold reached its two-week high price of $1,294.5 an ounce on Tuesday, October 10, and ended the day at $1292.1 per ounce.
How North Korea Is Acting on Gold
North Korea’s first missile launch over Japan pushed gold prices to a near one-year high, prompting investors to move to safe-haven assets.
How Market Volatility Could Steer Gold
Gold is a famous hedge against inflation. A reduction in volatility could mean a downward swing for gold.
Gold-Platinum Ratio: Is Platinum a Long-Term ‘Buy’?
When reading the platinum market, it’s important to analyze the comparative performance of platinum and gold by using the gold-platinum ratio or spread.
A Look at the Gold-Silver Ratio in June 2017
The gold-silver spread touched a peak of 85 in late 2008. The RSI level of the gold-silver ratio is 80.8, suggesting a possible pullback in the spread.
How the Fed Is Playing on Gold and Related Assets at the End of May
Much of the attention on precious metals is focused on the US Federal Reserve’s decision to keep hiking the interest rate in 2017.
Global Tremors, the Dollar, and Gold in Early May
Geopolitical risks had been playing on haven bids for precious metals, but now, we may be seeing to be a temporary respite—however brief—from global worries.
Geopolitical Tensions Could Make Gold Shine Brighter
After President Donald Trump ordered the launch of nearly 60 Tomahawk cruise missiles on a Syrian air base, precious metals and oil took off.
Could Rising Inflation Be a Stepping Stone for Gold?
Gold is a hedge against inflation. When prices rise, investors can park their money in gold. It isn’t clear how well gold protects investors.
These Global Factors Are Affecting Gold
Silver was also lower by 0.3%, ending at $18.20 an ounce after having touched a one-month high of $18.40 on the previous trading day.
Reading the Performances of Mining Stocks in February 2017
On a year-to-date basis, AngloGold Ashanti, Hecla Mining, Eldorado Gold, and Alacer Gold have seen reasonable rises of 25.8%, 23.1%, 14.3%, and 31.7%, respectively.
Gauging Mining Sentiment Now: What We Can Know
Donald Trump’s victory in the 2016 US presidential election initially shook fear into precious metal investors.
Will a Gradual Hike in Rates Lead to Gradual Fall in Gold?
The uncertainty surrounding the Trump administration has led to a rise of almost 10% for gold since its ten-month lows in December 2016.
Is Gold-Palladium Becoming Stagnant?
Among the four precious metals, palladium has shown the strongest performance, and its market fundamentals are upward scaling.
Miners and Their Correlations to Gold
Agnico-Eagle Mines has the closest correlation to gold on a YTD basis among the four miners under review. Alacer Gold is the least correlated with gold.
What the Latest Volatility and RSI Numbers Indicate
It’s important to monitor the implied volatilities of large mining stocks as well as their RSI levels, particularly after changes in precious metal prices.
How GDP Numbers Impacted Gold and the Dollar
The reason behind the fall of the dollar on Friday, January 27, 2017, was lower-than-expected GDP numbers. The DXY ended the day 0.10% higher.
How’s the Correlation of Mining Stocks Moving?
Agnico-Eagle Mines has the closest correlation with gold on a YTD basis among the four miners under review. Alacer Gold is the least correlated with gold.
Reading the Upward and Downward Correlation of Mining Stocks
Agnico-Eagle Mines has the closest correlation with gold on a YTD basis among the four miners under review. Alacer Gold is the least correlated with gold, mainly due to its YTD losses.
Reading the Movement in the Gold-Palladium Spread
The gold-platinum spread was approximately 1.6 on January 11, 2017. Its RSI (relative strength index) was as low as 40.
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).
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 Gold Reacted to the Instability of the Markets in 2016
Hedge funds and money managers cut their net long positions in gold to a nearly 11-month low and trimmed bullish bets in silver contracts in the week ended December 27, 2016.
US Dollar Played on Gold in 2016
The correlation between gold and the US Dollar Index is -0.36. It means that about 36.0% of the time, gold and the dollar move in opposite directions.
How Has the Gold-Silver Ratio Trended in 2016?
Gold and silver have been strong for the past few days. However, silver has substantially outperformed gold year-to-date.
A Look at the Volatilities of Mining Companies
Call implied volatility takes into account the changes in an asset’s price due to variations in the price of its call option. In economic turbulence, volatility is higher.
Why the Gold-Palladium Spread Is Falling Drastically
Palladium has seen a YTD rise of a whopping 32.5%, which is higher than the rise in platinum, silver, and gold. Earlier, palladium was underperforming its precious metal peers.
How the US Dollar Affected Fluctuations in Gold
The US dollar witnessed ten consecutive days of rises until November 18, 2016. The US dollar Index closed at 101.2 on the day.
How Gold and Equities Moved following Trump’s Victory
The sudden rise in precious metals right after the election of the much-doubted Donald Trump can be compared to the rise in metals right after the unexpected Brexit vote result.
What Are the Project Economics for IAMGOLD’s Cote Lake Project?
Since IAMGOLD acquired the Cote Lake project in 2012, its estimates indicate that the project’s resources have grown to more than 8 million ounces.
Reading the Correlation of Miners to Gold
About 61.0% of the time, Kinross Gold has moved in the same direction as gold in the past year.
Analyzing the Gold-Palladium Spread
Palladium has seen a year-to-date rise of 13.6%. In the past 30 trading days, palladium has fallen 6.8%. It’s slipped 1.5% in the past five trading days.
What Are Mining Companies’ Correlation Trends?
Mining companies that have a high correlation with gold include New Gold (NGD), Newmont Mining (NEM), Alacer Gold (ASR), and IamGold (IAG).
Are Miners Moving Upstream or Downstream in Correlation?
Kinross saw its correlation with gold rise. It rose from an ~0.55 three-year correlation to an ~0.61 one-year correlation.
Which Mining Companies Are Correlated to Gold?
Most mining companies’ substantial returns have come about due to safe-haven bids that boosted gold and other precious metals.
Reading Upward, Downward Trends in Miners’ Correlations to Gold
Mining companies that have high correlations with gold include Kinross Gold (KGC), Eldorado Gold (EGO), Alacer Gold (ASR), and IAMGOLD (IAG).
Why Do Miners Fear an Interest Rate Hike?
Fear about how an interest rate hike would impact US Treasuries had a negative impact on precious metals as well as mining shares.
Why Precious Metals Rebounded Sharply on September 6
Precious metals saw a price rally in their prices on September 6, 2016, after the previous day’s trading holiday.
How the Falling Dollar Affects Precious Metal Prices
Price changes in the precious metals are in part a result of the fluctuations in the US dollar.
Gold’s at a 4-Week Low: What’s Next?
Precious metals fell for yet another day on August 25, 2016, after seeing two straight days of falls. Gold touched a four-week low of $1,321 on the day.
How Do Miners Correlate to Gold?
Miners that have high correlations to gold include Hecla Mining (HL), Kinross Gold (KGC), Eldorado Gold (EGO), and Alacer Gold (ASR). These four stocks have risen 273.1%, 187.9%, 43.1%, and 32.4%, respectively, on a year-to-date basis.
Miners and Gold Changes: What’s the Correlation?
The correlation of AngloGold Ashanti with gold is at its highest among our four stocks. From its 55% correlation three years ago, it now has a YTD correlation of 57.1%.
How Are Funds Flowing to Silver?
Demands for gold and silver have risen this year due to the haven bids that followed the global unrest.
How Have Brexit and Gold’s Surge Affected Physical Demand?
Gold rose once again on June 27, 2016, and closed at $1,324.7 per ounce. It also touched a low of $1,320.8 on the day.
The Fall in the US Dollar Continues to Help Precious Metals
Mining stocks, which have seen losses during the past few weeks due to the tumbling precious metal prices, rose on Friday.
The Plunge in Oil Markets Buoyed Gold on April 18
On April 18, crude oil dropped by almost 7%, dragging down the equity markets. In Doha, a nascent freeze output deal by OPEC and non-OPEC producers fell apart on April 17, propping up crude prices.
How New US Economic Data Played on Gold
Precious metals saw a down day on April 1, 2016. The fall in precious metals was led by the marginal rise in the US dollar.
Platinum Becomes a Victim of the Chinese Market Slump
The current 2016 rout in precious metals is most visible in platinum and palladium. Both these metals have seen a significant drop in 2016.
The Rise of the US Dollar Leads to the Fall of Gold
The US dollar, as measured by the US Dollar Index (DXY), rose 0.2% yesterday, whereas gold fell by 1% on the day.
Silver Took the Same Price Path as Gold in 2015
Silver is an industrial metal, and the deficits could have easily buoyed silver and saved it from falling in 2015. But that wasn’t the case, and silver followed gold for its price direction.
Stronger Dollar, Weaker Gold and Oil
The fall in the price of gold on Wednesday, December 30, 2015, may most likely be due to weaker oil prices. This weakness extends to the gold markets as well.
Could India Witness a Cut in Gold Duty in 2016?
The further reduction of the import duty on gold may raise demand in Indian markets. The Asian market makes up almost 60% of the total demand for gold.
US Rate Hike Could Keep a Lid on Gold in 2016
The most crucial factor keeping gold under its whip in the past year has been the liftoff of the federal interest rate by the US Federal Reserve.
US May Tighten Its Belt while the Rest of the World Eases Theirs
A tightening move by the US comes as the rest of world loosens to improve economic activity. For example, the ECB recently eased its rates to pump up the economy.
SPDR Gold Shares Took Biggest Monthly Fall since 2013
Gold hit a six-year low in November, and the SPDR Gold Shares (GLD) fell at the same time. GLD has fallen about 6.8% in the month of November. It’s the biggest monthly fall since 2013.
Dollar Gets Stronger, Pushing Precious Metals Lower
With the interest rates rising above the zero level, the US dollar will become stronger compared with other world currencies.
How Financials Affected the JPMorgan Latin America Fund in September
The JPMorgan Latin America Fund Class A fell by 6.2% in September from August 2015. But from the end of September until October 28, the fund was up 5.2%.