Compania de Minas Buenaventura S.A.
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What’s the Impact of Interest Rates on Precious Metals?
Monetary policies have been crucial in determining the movement in precious metals.
Which Miners Are Closely Correlated to Gold?
Over the past three years, HL and KGC have seen falling correlations with gold.
How the Fed’s Minutes Played on Precious Metals
On May 23, the Fed’s May meeting minutes gave some support to gold prices as the ten-year Treasury note (IEF) yield dropped almost 5.1 basis points to 3.0%.
Is a Rebound in the Cards for Gold?
After the massive slump in gold prices as US Treasury yields rose, the trading range for gold seems to have corrected lower.
How the Dollar’s Surge Affected Precious Metals
The DXY gained 3.8% over the last month. During the same timeframe, gold fell 4.2%.
How Are Miners’ Technicals Moving?
The four precious metals have revived compared to their previous losses over the past five trading days.
Is Palladium Losing Strength against Gold?
Palladium has been the weakest among the four precious metals on a YTD (year-to-date) basis.
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.
Is Gold Still Taking Cues from Downturn in Equities?
Gold and silver have seen positive yields over the past five trading days.
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.
Is an Uptick in Inflation on the Way, Supporting Gold?
The most recent data for the US Consumer Price Index (or CPI) was weaker than expected.
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.
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.
How Strict Is the Gold-Regulated Market?
Bitcoin (ARKW) has seen its price plunge since the start of 2018 due to news that world leaders are planning to implement regulations on digital currencies.
Miners’ Correlations and How They’re Moving in February
On a YTD basis, AngloGold has a correlation of 0.96 to gold, while Agnico-Eagle Mines’ correlation is 0.80.
The Dollar Gains, Precious Metals Decline
Gold and silver spot prices fell 0.40% and 1.2%, respectively, on Friday, February 16.
What’s Keeping a Lid on Precious Metal Prices?
On Friday, February 9, gold prices saw some sign of revival as equities continued tumbling and haven bids pulled precious metals higher.
How Mining Stocks Are Moving with Their Technicals
Miners had a good start in 2018. However, they later faced a carnage, mainly due to the rising strength of the US dollar.
Will Gold’s Inflation Hedge See It through 2018?
The Fed has long been expecting inflation to pick up. Its targeted 2% inflation rate has been eluding it for more than five years, but the latest US jobs report indicates that inflation could finally get a boost.
Will Gold Follow Equities?
The optimistic economic numbers not only led to a slump in the equities on Friday and Monday, but they also helped gold recover from the low it touched on Friday.
Reading the Technicals and Price Movements of Mining Stocks
In this article, we’ll do a technical analysis of a few select mining stocks. When investing in mining stocks, it’s crucial to read their indicators.
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%.
How Miners’ Prices Are Trending in Relation to Moving Averages
In this article, we’ll focus on miners’ moving averages and relative strength index (or RSI) readings.
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 Mining Stocks Have Performed in January So Far
SLW, GOLD, ABX, and BVN have call implied volatilities of 30.8%, 23.9%, 24.5%, and 30.8%, respectively.
How Do Miners’ Technical Details Look?
Most of the mining companies have risen during the past few weeks. The miners tend to move according to precious metal prices rather than the equities market in general.
Mining Stocks Follow Precious Metals: Technical Insights
New Gold, Agnico-Eagle Mines, Franco-Nevada, and Cia de Minas Buenaventura have call-implied volatilities of 45.2%, 24.4%, 21.7%, and 31.2%, respectively.
How the Gold-Palladium Spread Is Moving Lately
Palladium has been the winner among the four precious metals, having skyrocketed a whopping 57% on a YTD (year-to-date) basis in 2017 as of December 27.
A Look at the Gold Spreads at the End of 2017
A gold-silver spread of 77.3 suggests that it requires almost 78 ounces of silver to buy a single ounce of gold.
What Direction Is the Correlation of Miners Headed?
On a year-to-date basis, AngloGold has seen the highest correlation to gold, while Cia De Minas has the lowest year-to-date correlation.
A Brief Look at December 2017’s Precious Metal Spread Measures
In this article, we’ll discuss the gold-silver, gold-platinum, and gold-palladium spreads. These three spreads stand at 77.9, 1.38, and 1.23, respectively.
Why Platinum Led the Precious Metals Pack on December 18
All four precious metals except palladium witnessed an up day on December 18, 2017. Platinum touched the day’s high of $915.3 and ended up at $913.2 per ounce.
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.
A Correlation Study of Miners to Gold
A study of the correlation of mining shares to gold is crucial since it gives investors clues about the directional move of precious metal miners.
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.
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.
A Look at Miners’ Volatility
RGLD, NEM, GFI, and BVN have call implied volatilities of 24.8%, 25.9%, 40.4%, and 35.3%, respectively. The volatility in these stocks is often much higher than the volatility in precious metals.
Is the Dollar-Gold Relationship Getting Stronger?
Precious metals have been closely associated with the movement of the US dollar over the last few months.
How Mining Stocks Moved in Mid-November
New Gold and Harmony Gold have fallen 9.7% and 17.2% YTD, respectively. New Gold and Buenaventura Mining have risen 5.9% and 19% YTD, respectively.
Who’s Pro Gold and Who’s Not?
Geopolitical events like the tensions with North Korea helped drive the price of gold higher in September 2017.
These Factors Are Playing on Gold and Precious Metals Today
Gold touched its three-week high level on Thursday, November 9, of $1,289.5 and closed at $1,287.5 per ounce.
Analyzing the Correlation of Mining Stocks to Gold
Kinross Gold’s correlation has risen from a three-year correlation of 0.69 to a one-year correlation of 0.77, which suggests that Kinross has moved in the same direction as gold 77% of the time.
Are Global Fears Controlling Precious Metals?
Ongoing worries in North Korea and political chaos in Washington have been crucial in boosting the prices of precious metals.
Understanding the Mid-October Rebound in Precious Metals
Gold rose to a three-week-high level of $1,304.1 per ounce on Friday, October 13, and closed at $1,302.9.
Inside Mining Stock Technicals on October 12
Most precious metals had a down day on Tuesday, October 10, despite the recent overall upward movement in precious metals.
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.
A Flat Day for Precious Metals: What’s Ahead?
Precious metals had a slow day on Tuesday, October 3, 2017. They traded almost flat, falling only minimally and maintaining the downward sentiment.
How Mining Shares Moved on October 2
The US dollar and global tensions have been crucial in determining the prices of precious metals and mining shares. On Monday, October 2, mining shares saw mixed movement against precious metals.
Reading Miners’ Gold Correlation Trends
Correlation trends On September 26, precious metals and mining stocks fell. Analyzing mining stocks’ correlation with gold is important since it can give some idea of future stock movement. In our analysis, we’ll focus on Buenaventura (BVN), AngloGold Ashanti (AU), Hecla Mining (HL), and Kinross Gold (KGC). Mining funds track precious metals and their price movements. Whereas the Global […]
Analyzing Miners’ Volatilities and RSI Levels
In this part of the series, we’ll look at volatility figures and RSI (relative strength index) scores for major miners.
