B2Gold Corp

IAG stock could continue to gain traction due to its high operational leverage, at least as long as the upward trend in gold prices continues.

Hedge funds increased their net positions in the SPDR Gold Shares ETF during the first quarter.

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.

On January 12, 2018, precious metals were once again on a rising streak, which also led to increasing prices for mining shares.

The US dollar rose 0.18% on Tuesday, January 9, 2018, which led to the lower price of spot gold (GLD) and silver.

Although most of the upswing in precious metals has been due to the rise in geopolitical risks in 2017, the dollar has been the most crucial factor.

The rise in inflation could be a positive sign for the current scenario.

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.

If we look at the YTD correlations of the select mining shares to gold, there has been a reasonable fall. On a YTD basis, Sibanye Gold has the least correlation to gold.

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

In this part of the series, we’ll look at the gold-silver spread, the gold-platinum spread, and the gold-palladium spread.

All four precious metals rose on Monday, October 30, as multiple speculations in the market gripped investors’ attention.

Franco-Nevada and Silver Wheaton have seen an upward trend in their correlations with gold.

The gold-platinum spread was ~1.38 on October 23. The RSI (relative strength index) level for the gold-platinum spread is now at 93.9.

The iShares MSCI Global Gold Min (RING) and the VanEck Vectors Gold Miners (GDX) have fallen 1.3% and 1.4%, respectively, on a five-day-trailing basis.

Understanding mining stocks’ correlation with gold is crucial for investors in precious metal mining stocks.

After the rise we saw on Friday, October 13, precious metals had a down day on Monday, October 16.

The precious metals continued rising on Wednesday, and gold also witnessed a rebound.

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 […]

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

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.

Another important phenomenon that played on the fall of precious metals on Wednesday, April 19, was the upswing of the US dollar.

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 […]

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 directional move of the interest rate is a crucial determinant of the direction precious metals will take.

Mining companies that have high correlations with gold include B2Gold (BTG), Royal Gold (RGLD), Agnico Eagle Mines (AEM), and Primero Mining (PPP).

Many of the recent changes in precious metals have been determined by changes in the interest rates offered on US Treasuries.

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.

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

If you expect this positive correlation to resume, then gold would seem very cheap at its current levels, suggesting an upside in gold prices in the long term.

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 ETF holdings reached a peak of 1,679.8 tons on February 24. In January and early February, gold holdings surged because of the Swiss National Bank’s decision to remove the euro cap.