Compania de Minas Buenaventura S.A.
Most Recent
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 the Dollar’s High Jump Pushes Precious Metals Down
The US dollar rose sharply on November 4. Precious metals have overall seen a volatile past month, but on November 4, palladium dropped the most by 12.10%.
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.
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.
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.
Tracking Precious Metals’ Cross-Commodity Rates
The turbulence in worldwide markets has helped precious metals, especially gold and silver, to reach new highs that we haven’t seen in the last few months.
How Closely Are Miners Tracking the Precious Metals?
As the precious metals retreated on Friday after seeing gains over the past one week, the negative sentiment also affected the mining equities.
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.
China’s Copper Imports Dip in May Month-over-Month
China is the largest importer of copper ore, anodes, and refined copper. Chile, on the other hand, is the biggest exporter of these products.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
Correlation Analysis of Precious Metal Miners as August Begins
Among our precious metal miners, Buenaventura Mining has the highest correlation with gold, while AngloGold Ashanti has the lowest correlation.
What Miners’ Technical Indicators Suggest
Most of the miners have seen an upswing in their prices over the past week.
How Market Volatility Could Steer Gold
Gold is a famous hedge against inflation. A reduction in volatility could mean a downward swing for gold.
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).
Did Chile’s Copper Mine Strike Impact Its Economic Growth in 1Q17?
Chile’s economy grew 0.1% on a year-over-year basis in 1Q17, lower than the 0.5% expansion in 1Q16.
What’s the Volatility of Mining Stocks?
Though the precious metals survived the Fed’s interest rate hike, the miners took a hit. Most mining stocks saw a considerable down day on Wednesday.
Where’s the Platinum Spread Headed in 2017?
Among the four precious metals, platinum has been the worst-performing precious metal and has seen a year-to-date rise of only 5.8%.
Will Mining Stocks Keep Close Tabs on Precious Metals?
The rises and falls of precious metals often result in amplified reactions in mining stocks. Often, a rise in gold leads to rises in gold-mining stocks, and vice versa.
Reading Mining Stock Volatility Prior to the Fed’s Rate Hike Decision
In times like these, monitoring the implied volatilities of large mining stocks is all the more important.
Analyzing the Volatility and RSI of Miners
During times of global and economic turbulence, volatility is higher than in a stagnant economy.
Precious Metal Miners: How They Performed in February
On February 28, 2017, the volatilities of Randgold Resources, Buenaventura, AngloGold Ashanti, and Harmony Gold were 33.9%, 46.6%, 44.3%, and 64.5%, respectively.
Analyzing Mining Stocks’ Moving Average Prices
Donald Trump’s victory in the 2016 US presidential election initially resulted in fear among precious metal investors.
How to Read Mining Stock Movement Volatility
The iShares MSCI Global Gold Min and the VanEck Vectors Junior Gold Miners have risen due to the recent revival in precious metals.
Volatility of Precious Metal Mining Stocks
It’s important to monitor the implied volatilities of large mining stocks as well as their RSI levels, particularly in the wake of changing precious metal prices.
How Has the Correlation of Mining Stocks Moved?
Precious metal prices have been falling since Donald Trump won the US presidential election on November 8, 2016.
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.
Silver’s Inflows: Gauging the January Rise
Silver prices have rebounded from the low levels we saw at the end of December 2016. In fact, all four precious metals have seen surging prices in 2017.
What Are the Correlations of Mining Stocks with Gold?
Mining companies that have high correlations with gold include Buenaventura (BVN), AngloGold Ashanti (AU), Hecla Mining (HL), and Kinross Gold (KGC).
The Correlation of Gold and Mining Stocks
Kinross is the most correlated with gold on a YTD basis among our four stocks. Buenaventura is the least correlated with gold, mainly due to its YTD losses.
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.
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).
The Correlations of Mining Stocks in 2016
Precious metals were doing well at the beginning of 2016. It’s important to know which mining stocks overperformed and which underperformed precious metals.
How Are Precious Metals Moving as 2016 Comes to an End?
Gold was trading slightly lower on December 23, 2016, before the markets started off their Christmas holidays. Gold’s fall was the result of a retreat of the US dollar from its 14-year high.
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 […]
What’s the Correlation between Gold and Miners?
Precious metals were doing well at the beginning of 2016.
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).
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.
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.
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).
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.
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.
What Do Mining Stocks’ Technicals Indicate?
Many of the fluctuations in precious metals have been a result of speculation about the Federal Reserve’s interest rate stance.
A Look at Precious Metals Volatility in the Wake of Trump’s Win
The volatilities of gold, silver, platinum, and palladium were 20.2%, 30.4%, 19.5%, and 48.4%, respectively, on November 14, 2016.
Could the Asian Market Have a Substantial Impact on Gold?
China introduced its independent Chinese-denominated yuan, which found a place in the IMF basket of currencies. Recently, China has also marketed its yuan gold price to foreign exchanges.
How Market Volatility Has Impacted Gold in 2016
Gold takes many of its cues from overall market volatility. The increasing unrest and market changes have been driving gold recently.
Which Gold Miners Have the Highest Correlation with Gold?
Mining companies that have high correlations with gold include Alamos Gold (AGI), First Majestic Silver (AG), Cia De Minas Buenaventura (BVN), and AngloGold Ashanti (AU).
Why Are Precious Metal Miners Falling?
Gold and silver rose to two-year highs in the wake of the June Brexit vote. Now, the possibility of a rate hike in the United States in December has started to play on these metals.
Why Is McEwen so Optimistic about Gold?
Robert McEwen foresees that gold will increase to about 44% by the end of 2016 and confirms a possible price range of $1,700–$1,900 per ounce.
How Closely Are Mining Companies Following Gold?
UK’s Brexit vote in June substantially affected mining companies and precious metals. Gold and silver rose to two-year highs due to safe-haven bids.
The Upward and Downward Trends and the Correlation to Miners
The substantial returns of most mining companies have come about due to to safe-haven bids that boosted gold and other precious metals.
What’s behind the Fall in the Gold-Silver Ratio?
Silver has risen by 43.4% since the beginning of 2016, while gold has risen by 27.1% during the same timeframe.
Gold Prices Move Higher on Waning Rate Hike Expectations
The rise in precious metals was mainly a result of the weaker-than-expected US jobs data that came out on Friday, September 2.
Investors Fleeing to Safety Puts Precious Metals in Play
Investors have been bullish about the precious metals market since the beginning of 2016. Gold, silver, platinum, and palladium have seen year-to-date rises.
Did Upbeat Data Negatively Affect Precious Metals?
Precious metals rebounded last Thursday, the day after the Fed meeting ended.
How Are the Correlation Figures Playing on Gold?
Miners that have high correlations to gold include Silver Wheaton (SLW), Cia de Minas Buenaventura (BVN), and AngloGold Ashanti (AU).
Will Gold and Equity Walk Hand-in-Hand?
Mining shares seem to be in a fix, not knowing whether to follow the trend in the broad equity market or follow precious metals.
How Did the Gold-Silver Ratio React to Brexit?
The gold-silver ratio was trading at 72.1 as of May 2, 2016. The ratio suggests that it requires almost 72 ounces of silver to buy a single ounce of gold.
Investors’ Flight to Safety: Where’s Gold Headed Now?
The euro has appreciated 4.6% against the US dollar YTD (year-to-date), but Denis Gartman at CNBC said he sees trouble for the Eurozone.
Yellen Puts the Rate Hike off the Table, Giving Gold a Boost
Federal Reserve Chair Janet Yellen mentioned in her speech on Monday in Philadelphia that employers slammed the brakes on hiring in May. The US economy only added 38,000 jobs.
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 US Dollar Dips, Nudging Precious Metals Up
The robust US dollar and global stocks underpin precious metals such as gold and silver, which do not offer yields or bear dividends.
Inside Deutsche Bank’s Manupulation of the Precious Metal Market
A crucial factor that gripped the precious metal market in April 2016 was the rigging of gold and silver prices by Deutsche Bank.
Gold, Silver, and Platinum Rose while Palladium Fell
Gold has proven to be the best performer in 2016 so far, outperforming all other commodities and asset classes.
Why the Fed’s Rate Hike Hesitation Is Helping Gold
The rise in gold also helped funds like the VanEck Vectors Junior Gold Miners ETF (GDXJ) and the leveraged Direxion Daily Gold Miners ETF (NUGT).
Gold Trades Flat on Weak US Data
Gold stood strong in January 2016. Chinese market turbulence, further driven by tensions in the Middle East, brought the haven appeal of gold to its peak.
Flashback to 2015: Goldman Sachs Was Bearish on Gold
Goldman Sachs expected gold prices to end 2015 at $1,190 per ounce and to fall to $1,000 per ounce in 2016.
