Gold ETF Holdings Are on the Rise
There is a lot of uncertainty and volatility in the current economic macro environment with trade tensions continuing and geopolitical issues ramping up.
Gold ETF Buying Accelerates as Gold’s Safe-Haven Appeal Is Restored
Gold ETFs have seen renewed buying interest from investors in October on increased market volatility and the equity market sell-off.
These Mid-Tier Gold Miners Have Been Outperforming since 2015
The Kibali mine produced a whopping ~202,000 ounces of gold in Q2 2018, up 17.0% sequentially and up 43.0% from Q2 2017.
A Look at Ray Dalio’s and John Paulson’s Gold Bets
Like positions in the SPDR Gold Shares ETF (GLD), institutional holdings in the VanEck Vectors Gold Miners ETF (GDX) fell sequentially during the second quarter.
Analyzing Mining Companies’ Correlation with Gold
Precious metal prices’ revival in the last week has led to miners rebounding, with most mining companies performing positively.
US-China Tensions Slowly Settle: How Has Gold Been Affected?
Gold prices dropped to a five-month low of $1,281.80 and closed at $1,283.30 per ounce yesterday.
Which Gold Miners Are Ray Dalio and John Paulson Betting On?
Hedge funds increased their net positions in the SPDR Gold Shares ETF during the first quarter.
How Are Precious Metals Reacting to Market Volatility?
Besides the rise and fall in the US dollar, another crucial factor affecting precious metals price changes is overall market volatility.
US Jobs Data in April: Reading between the Lines
The Bureau of Labor Statistics released US jobs data for April 2018 on May 4.
The Correlation of Miners over the Last Few Years
Over the past three years, NGD has seen a declining correlation to gold, while BTG, RGLD, and NEM have seen mixed correlations.
The Most Crucial Element in the Precious Metals Downtrend
Gold ended the day almost flat on Wednesday, May 2, and closed at $1,304.90 per ounce.
How Mining Stocks’ Technicals Moved at the End of April
The recent downturn of the metals has had a considerable impact on miners.
Miners’ Correlations and How They’re Moving in April
In this part of our series, we’ll look at the correlation between gold and four mining stocks.
A Look at Miners’ Moving Averages in April 2018
The VanEck Vectors Junior Gold Miners Fund (GDXJ) was up 0.95% on Wednesday.
How Market Unrest Is Affecting Gold
If we look at the historical performance of precious metals compared to markets, we see that gold has been closely tracking market volatility.
How Mining Stocks Performed on April 16
Precious metals increased on Monday, April 16, 2018, which was followed by most mining shares.
Why Downbeat March Jobs Report Might Not Be Enough to Move Gold
The Bureau of Labor Statistics released US jobs data for March 2018 on April 6. The job growth was weaker than expected.
How These Mining Stocks Correlate with Gold
In this part of the series, we’ll look at the correlation between gold and four select mining stocks.
The Correlation of Miners So Far in March
Mining stocks tend to move in accordance with gold prices.
Are Market Jitters Giving Way to Increased Gold ETF Holdings?
One of the ways for investors to gauge the outlook for gold prices is to monitor flows into and out of gold ETFs.
US Economic Outlook Remains Strong: Why Gold Might Still Rise
The Bureau of Labor Statistics released the US jobs data for February 2018 on March 9. The data was strong.
Could Interest Rates Pull Precious Metals Lower?
Gold prices ended in the green on Monday after touching their two-week low of $1,307.3 per ounce.
A Look at Miners’ Recent Correlations with Gold
Mining stocks’ correlations with gold are crucial because gold is the big brother of precious metals.
How Are Mining Stocks’ Correlations to Gold Moving in 2018?
Mining stocks tend to take their cues from gold price movement.
How Interest Rate Fluctuations Could Affect Gold
Much of the attention in precious metal movements is based on fluctuations in the US interest rate.
How Inflationary Pressure Played on Gold Last Week
Among the core indicators playing precious metal prices is the rise in US inflation, which is currently at 2.2%—almost at growth of 1% compared to the start of 2016.
What Do Miners’ Correlation Readings Indicate?
Agnico-Eagle Mines and Randgold Resources have seen their correlation with gold drop in the past three years.
Can Gold Benefit from the US Trade Deficit’s 9-Year High?
The US trade deficit rose a higher-than-expected $53.1 billion in December 2017. Economists polled by Reuters were expecting the deficit to come in at $52.0 billion.
Gold ETF Holdings Climb to a 5-Year High, Supporting Prices
Why tracking ETF holdings is important Investors looking to gauge gold’s price outlook should monitor flows into and out of gold ETFs. While outflows from gold ETFs led to a ~28% fall in gold prices in 2013, ETF inflows supported gold prices in 2016 and 2017. When sentiment turns, prices can easily go the other way, leading […]
Analyzing the Technicals of Mining Stocks in January 2018
Most mining stocks have risen during the past month due to the revival in precious metals prices.
Reading the Performance of Mining Shares amid Surging Metals
On January 12, 2018, precious metals were once again on a rising streak, which also led to increasing prices for mining shares.
The Dollar and Its Relationship to Precious Metals
The US dollar rose 0.18% on Tuesday, January 9, 2018, which led to the lower price of spot gold (GLD) and silver.
How Has 2018 Started Out for Gold and Silver?
With the exception of platinum, all four precious metals witnessed a down day on Friday, January 5.
Analyzing Precious Metals: Dollar Had Its Worst Year since 2003
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.
What Mining Stock Technicals Tell Us about Recent Movements
Precious metal mining companies have witnessed a rebound in their prices alongside precious metals.
Precious Metal Ups and Downs This Past December
All four precious metals had an up day on Wednesday, December 27. Gold futures for January expiration rose 0.23% and closed at $1,287 per ounce.
Will Gold Maintain Its Close Correlation to Inflation?
The rise in inflation could be a positive sign for the current scenario.
Have Gold Prices Found the Bottom?
Another indicator that’s usually seen as a turning point for gold prices is the net long position of speculators.
Analyzing Mining Stocks’ Post-Rate-Hike Movement
Mining stock analysis In this part of the series, we’ll take a look at First Majestic Silver’s (AG), B2Gold’s (BTG), Goldcorp’s (GG), and New Gold’s (NGD) call-implied volatility and RSI (relative strength index) scores. Volatility analysis AG, BTG, GG, and NGD have call-implied volatility of 42.9%, 54.8%, 25.7%, and 52.4%, respectively. New Gold and Goldcorp have reported trailing-30-day […]
Today’s Correlation Study of Key Mining Stocks with Gold
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.
The Correlation Trends of Miners in 2017
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.
Analyzing Miners’ Volatility Indicators
In this part of our series, we’ll look at the technical indicators for mining stocks. We’ll discuss the call-implied volatility and RSI (relative strength index).
The Dollar Gets a Nice Bounce from Tax Reform—What about Gold?
The dollar has risen recently, as the US Senate passed the Tax Cuts and Jobs Act on December 2, 2017.
Where Are Precious Metal Spreads Moving?
In this part of the series, we’ll look at the gold-silver spread, the gold-platinum spread, and the gold-palladium spread.
Rate Hike Could Move Precious Metals and Miners
Investors have their eyes set on the interest rates. A rise in the interest rates causes the demand for precious metals to fall.
A Brief Correlation Analysis of a Few Select Miners
Barrick Gold has seen a declining trend in its correlation to gold over the past three years, while the other three miners witnessed a mixed trend in correlation.
Volatility Readings and RSI Levels for Mining Shares
BTG, ABX, AU, and IAG have RSI scores of 63.6, 51.8, 72.3, and 50.8, respectively.
How a Likelier Rate Hike Could Affect Gold
Gold prices initially edged lower for the day on Thursday, November 16. However, they later turned marginally higher, closing at $1,278.2 per ounce.
Important Technical Indicators for Mining Stocks
We’ll look at a few technical readings for mining stocks, including their RSI (relative strength index) levels and call-implied volatilities.
Analyzing the Movement of Precious Metal Miners
The gold–silver spread stood at 75 on November 7, 2017, indicating that it took 75 ounces of silver to buy a single ounce of gold on that day.
What Do Changes in Gold ETF Holdings Mean for Gold Prices?
Investors looking to gauge the gold price outlook should monitor the flows into and out of the gold ETFs.
What Mining Stock RSI Indicators Tell Us
On November 1, Alamos Gold, B2Gold, Newmont Mining, and Franco-Nevada had implied volatility readings of 46.9%, 54.8%, 25.9%, and 25.5%, respectively.
Gauging Global Risk against Gold
All four precious metals rose on Monday, October 30, as multiple speculations in the market gripped investors’ attention.
A Look at the Correlation Trends for Miners
Franco-Nevada and Silver Wheaton have seen an upward trend in their correlations with gold.
Platinum Ratio Analysis: Which Way Is Platinum Moving?
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.
A Brief Correlation Study of Mining Stocks as of October 23
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.
These Factors Continue to Boost Precious Metals
The overall geopolitical environment also had a significant effect on precious metals over the past few months.
Analyzing Mining Shares’ Correlation in October
Understanding mining stocks’ correlation with gold is crucial for investors in precious metal mining stocks.
What Miners’ Relative Strength Levels Indicate
The RSI levels of AGI, AG, BTG, and NGD are currently 62.3, 47.2, 35.9, and 53.1, respectively.
Reading the Drop in Precious Metals on Monday, October 16
After the rise we saw on Friday, October 13, precious metals had a down day on Monday, October 16.
How Miners’ Correlations with Gold in the Past Year Have Trended
On a YTD basis, First Majestic has the lowest correlation to gold, while Primero Mining has the highest correlation to gold.
How the Dollar Affected Gold on October 4
Gold rose on Wednesday, October 4, 2017, after having touched its seven-week low price of $1,269.2 an ounce.
How Mining Stocks Are Performing
The precious metals continued rising on Wednesday, and gold also witnessed a rebound.
What Influences the Rise and Fall of Gold?
If higher cash flows are offered on Treasuries, chances are that investors could switch to yield-bearing assets and desert precious metals.
What Led to the Slump of Precious Metals on October 2?
Gold prices slipped for yet another day on Monday, October 2, 2017, as gold saw its lowest close in the last two months.
Mining Stocks in 2017: Your Correlation Analysis
Thursday, September 28, was a mixed day for precious metal mining stocks as precious metals (except platinum) saw marginal revivals in prices.
Inside the Latest Correlations of Major Miners
B2Gold and Royal Gold have seen downward-trending correlations with gold, while Franco-Nevada and Randgold have seen mixed correlation trends.
If the US Dollar Is Still Overvalued, What Chance Does Gold Have?
Calendar 2017 has been a tough one for the US dollar (USD), which has fallen ~10% YTD (year-to-date).
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.
Why Most Mining Stocks Fell on Friday
Precious metal mining stocks follow trends in precious metals, and they’re a very volatile segment of the equity markets.
What Caused Precious Metals to Tumble on September 11?
B2Gold (BTG), Goldcorp (GG), Newmont Mining (NEM), and New Gold (NGD) were down 2.9%, 2.5%, 2.8%, and 4.6%, respectively, on September 11.
A Look at Mining Stocks’ Moving Averages
Mining stocks rise When investors park money in the precious metal market, it’s important for them to know how mining stocks are performing. In this part of the series, we’ll review the performance of B2Gold (BTG), New Gold (NGD), Newmont Mining (NEM), and Silver Wheaton (SLW), which have risen 20.7%, 19.7%, 16.2%, and 8.7% respectively, year-to-date. […]
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 […]
What Are the Technical Indicators of Mining Stocks?
Most precious metal miners have seen an upswing in prices over the past few weeks. The rises and falls in precious metals are often reflected in mining stocks.
The Dollar’s Outlook Is Darkening—Does It Signal Brighter Days for Gold?
The more-dovish-than-expected minutes from the Federal Reserve’s July meeting were released on August 16, 2017. These minutes impacted the dollar negatively.
How Mining Stocks Have Performed in the Beginning of August
B2Gold, Gold Fields, and Pan American have year-to-date gains of 3.4%, 31.2%, and 10.8%, respectively.
Why Gold and Equities Are Moving Together
The fall in gold on Tuesday, July 25, 2017, was most likely due to the rise in the equities market that same day.
How Precious Metals Performed on July 17
On Monday, July 17, gold futures for August expiration closed at $1,233.7 an ounce after having touched the day’s high of $1,235.4 per ounce.
Reading the Mixed Correlation Trend in July 2017
Among these miners in our analysis, Primero Mining has the highest correlation with gold, and First Majestic Silver has the lowest correlation.
The Dollar and Precious Metals on Friday, July 7
Precious metals saw a down day on Friday, July 7, 2017, as the US dollar scaled higher after the better-than-expected economic numbers.
How the US Dollar’s Revival Is Playing on Gold and Miners
The US Dollar Index (or DXY), which prices the dollar against a basket of six major world currencies, rose 0.62% on July 3.
How Will India’s GST Impact Gold Demand?
On July 1, 2017, a lot of taxes in India were replaced by a single, simpler goods and services tax (or GST).
Which Miners Have a Downward Trend in Correlation to Gold?
First Majestic Silver (AG) has a three-year correlation of ~0.71 with gold and a year-to-date correlation of ~0.64.
How Are the Fund Flows to the GLD ETF?
Gold is one of the major contributors to India’s import costs, and India ranks among the top consumers of gold after China.
How the US Dollar Is Playing on Precious Metals Now
Gold futures for July expiration increased by a marginal 0.18% on Monday and closed at $1,267.2 an ounce.
Palladium Skyrockets: A Look at What’s in Store Next
Although gold and silver had a down day on Friday, June 9, 2017, platinum and palladium rose about 0.23% and 1.2%, respectively.
Fed Plays the Interest Rate Hike, Implications on Gold
Precious metals increased as gold futures for July expiration rose 0.78% and closed at $1,273.6 per ounce. Platinum and palladium were in line with gold.
How Are Mining Stocks Reacting as May Nears Its End?
Precious metals prices saw a sudden fall in mid-April 2017, along with precious metals mining stocks and funds. However, precious metals’ revival in the past week has benefited mining companies.
Could Physical Gold Demand Rescue Gold Prices?
Physical demand fell in 1Q17 Physical gold demand fell 18% in 1Q17, according to the WGC (World Gold Council). Investors most likely dumped the metal to bet on riskier assets after the US presidential election. The demand in 1Q17 was 1,034 tons, the lowest in 11 years. ETF inflows suffered greatly compared with last year, […]
How Silver-Based Funds Plunged Their Way through April 2017
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.
Inside the Monthly Mining Correlations as of May 3
Metal investors have to study upward and downward trends as price change predictability can be affected by rises and falls in precious metal prices.
Gauging the Role of the US Dollar in the April 19 Fall of Precious Metals
Another important phenomenon that played on the fall of precious metals on Wednesday, April 19, was the upswing of the US dollar.
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 […]
How the Physical Gold Demand Translates to Prices
India and China make up 50.0% of the global demand for physical gold. When gold prices fall, physical gold-buying provides support for gold.
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.
Inside the Key Correlation Trends in Mining as of April 13
As global tumult grips markets—and as investors turn to mining stocks as safe havens—it’s crucial to understand which stocks are closely tied to precious metals.
How VIX and Gold Could Walk Hand-in-Hand
On a 30-day trailing basis, gold, silver, platinum, and palladium have risen 6.8%, 1.7%, 3.3%, and 5.5%, respectively.
Where Mining Stocks Are Headed in April 2017
The VanEck Vectors Gold Miners (GDX) is trading at a YTD gain of 12.3%. But during the past month, many miners had previously experienced price falls.
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.
These Global Indicators Are Affecting Gold in 2017
The strong economic numbers from the US during 1Q17 have been casting a shadow over precious metals.