Invesco DB Gold Fund

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  • uploads///Gold and Dollar Fluctuations
    Miscellaneous

    A Bounded Relationship of Gold and the US Dollar

    The US dollar rose 0.32% on January 3, which led to a lower price for spot gold and silver. During the last month, the US dollar (UUP) has fallen 0.78%, and gold has risen 2.9%.

    By Meera Shawn
  • uploads///Gold price versus DXY Currency
    Macroeconomic Analysis

    Why Did Precious Metals Have Another Great Day?

    In the past few weeks, fluctuations in precious metals and precious metals–based funds have been influenced by changes in the US dollar.

    By Meera Shawn
  • uploads///gold
    Basic Materials

    Copper Stabilizes While Gold Trades near Two-Year High

    Copper prices stabilized on Monday, July 4, amid expectations of stimulus from central banks.

    By Val Kensington
  • uploads///Copper
    Basic Materials

    Copper Fell and Gold Stabilized on July 5

    At 6:40 AM EST on July 5, the COMEX Copper futures contract for September delivery was trading at $2.2 per pound—a drop of 0.81%.

    By Val Kensington
  • uploads///commodities slump GSCI
    Macroeconomic Analysis

    Commodities Slump: Have We Reached a Bottom?

    The talk about the commodities slump (USCI) is almost ubiquitous. It is hard to ignore the freefall most commodities (DBC) seem to have been in during the past year.

    By Russ Koesterich, CFA
  • uploads///china gold
    Macroeconomic Analysis

    Is China Waiting for the Revival of the Gold Standard?

    With the added support from global partners and the massive gold holdings, China could bring back to life the dead gold standard.

    By Meera Shawn
  • uploads///GOLDVSP
    Miscellaneous

    Will Gold Rally if Volatility Picks Up?

    It’s true that market volatility has been unusually low lately, but it’s expected to rise. There are several ways to mitigate the impact of rising volatility and historically, gold has been one of the more effective tools.

    By Russ Koesterich, CFA
  • Basic Materials

    Retirement pick: Gold and the long-term investor

    There is often a debate among academics, financial gurus, asset managers, and advisors as to the place for non-traditional assets in a portfolio.

    By Mike Kane
  • Basic Materials

    Should you invest in silver and gold stocks or ETFs?

    In addition to the potential headwind from higher real rates, it’s also not clear that either metal is that mispriced. Valuing commodities is notoriously difficult, as there are no cash flows.

    By Russ Koesterich, CFA
  • uploads///A VanEck Gold
    Basic Materials

    Why the RAAX Fund Is Bullish on Gold

    Let’s take a look at some of the reasons why RAAX maintains a bullish or bearish position on certain asset classes.

    By VanEck
  • uploads///CORRELATION
    Miscellaneous

    Which Miners Are Closely Correlated to Gold?

    Over the past three years, HL and KGC have seen falling correlations with gold.

    By Meera Shawn
  • uploads///RSI
    Basic Materials

    A Look at Gold Funds’ and Miners’ Technicals

    Most precious metal mining stocks have fallen over the last few months due to falling gold prices.

    By Meera Shawn
  • uploads///Chart
    Real Insights

    Is Cryptocurrency Competition for Gold?

    The sudden surge in bitcoin and the cryptocurrency market made some market participants worry about the future of gold.

    By World Gold Council
  • uploads///Figure
    Real Insights

    How Diverse Is the Demand for Gold?

    According to the World Gold Council, jewelry accounts for about 50% of global gold demand.

    By World Gold Council
  • uploads///Gold and Silver Movements
    Basic Materials

    A Quick Look at the Precious Metals Revival, Miners’ Performances

    Precious metals prices shot up on January 19, 2018, with concerns looming over the shutdown the of the US government.

    By Meera Shawn
  • uploads///Gold and Dollar Fluctuations
    Miscellaneous

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Basic Materials

    Your End-of-2017 Correlation Study of the Major Miners

    The PowerShares DB Gold Fund (DGL) and the VanEck Merk Gold Trust (OUNZ) rose 2.2% over the five trading days leading up to December 27, 2017.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    The Revival of Miners and Technical Indicators on December 20

    Alamos Gold, Sibanye Gold, Agnico Eagle Mines, and Pan American Silver have call-implied volatilities of 43.2%, 50.5%, 22.1%, and 27.5%, respectively.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    Reading Miner Volatility in December 2017

    In this article, we’ll take a look at the call-implied volatilities and RSI scores of Barrick Gold, Kinross Gold, Eldorado Gold, and IAMGOLD.

    By Meera Shawn
  • uploads///gold positions
    Miscellaneous

    How Is Gold, Commercial and Non-Commercial, Moving?

    Speculative positions fell sharply last week. It was the most significant one-week fall since May 2016.

    By Meera Shawn
  • uploads///CORRELATION
    Basic Materials

    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.

    By Meera Shawn
  • uploads///CORRELATION
    Basic Materials

    Miners’ Correlation with Gold

    Correlation analysis A correlation study of mining stocks to precious metals is important. It gives insights about miners’ potential price movement. Although the mining shares are essentially part of the market’s equity segment, they’re more coordinated with metals’ movement. Gold is the most dominant precious metals. We’ll discuss how Yamana Gold (AUY), Pan American Silver (PAAS), Coeur […]

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    A Quick Look at Miners’ Technical Details

    As of November 16, 2017, Alamos Gold, First Majestic Silver, Sibanye Gold, and AngloGold Ashanti had call-implied volatilities of 46.9%, 54.6%, 63%, and 40.9%, respectively.

    By Meera Shawn
  • uploads///CORRELATION
    Basic Materials

    Directional Changes in the Correlation of Miners to Gold

    New Gold and Goldcorp have seen upward trends in their correlations with gold, while Newmont Mining has seen its correlation decline.

    By Meera Shawn
  • uploads///gold and inflation
    Basic Materials

    Yield Changes for Precious Metals: What Could Be the Impact?

    If we look beyond the dollar influence on precious metals, we can analyze how the probability of an interest rate hike could influence precious metals and their miners.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    Analyzing a Few Core indicators for Miners

    As of November 2, 2017, AGI, GFI, IAG, and HMY had call-implied volatilities of 46.9%, 40.4%, 44.3%, and 53.3%, respectively.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    The Importance of Knowing the Technicals of Mining Stocks

    On October 30, 2017, ABX, AU, KGC, and IAG had call implied volatilities of 29.1%, 40.9%, 41.6%, and 44.3%, respectively.

    By Meera Shawn
  • uploads///RSI
    Basic Materials

    A Technical Analysis of Mining Shares as of October 27

    On October 26, 2017, Royal Gold, Newmont, Sibanye, and Yamana had call implied volatilities of 24.8%, 25.9%, 63%, and 48.4%, respectively.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    A Technical Analysis of Mining Shares in October

    When investors look at mining stocks, it’s important that they do a technical analysis of the stocks.

    By Meera Shawn
  • uploads///RSI
    Miscellaneous

    How Mining Stocks Have Moved in October

    On October 23, Alamos, First Majestic Silver, Sibanye Gold, and Gold Fields had call implied volatilities of 46.9%, 54.6%, 63%, and 40.4%, respectively.

    By Meera Shawn
  • uploads///CORRELATION
    Basic Materials

    Analyzing Mining Shares’ Correlation in October

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

    By Meera Shawn
  • uploads///CORRELATION
    Basic Materials

    How Key Mining Stocks Are Correlated with Gold in October 2017

    The PowerShares DB Gold Fund (DGL) and the Vaneck Merk Gold Trust (OUNZ) have risen 12.1% and 12.95, respectively, year-to-date, taking strong cues from gold.

    By Meera Shawn
  • uploads///Gold Price versus US  year Breakeven
    Macroeconomic Analysis

    Could Gold Be Oil- and Inflation-Dependent?

    Analysts believe the fluctuation in gold can be tracked through the OPEC meetings. If they lead to higher oil prices, there could be inflationary pressure across global economies.

    By Meera Shawn
  • uploads///Gold Price versus US  year Breakeven
    Macroeconomic Analysis

    Will Gold Keep a Close Watch on Inflation Numbers?

    Donald Trump’s recent victory is shining a light on the possibility of a rise in inflation and how such a rise could work for gold.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    Reading the Volatilities of the Major Mining Companies

    Let’s look at the implied volatilities of giant mining companies and their RSI (relative strength index) levels in the wake of the carnage in precious metal prices.

    By Meera Shawn
  • uploads///Gold Price versus US  year Breakeven
    Macroeconomic Analysis

    Are Inflation Concerns Likely to Boost Gold’s Performance?

    The difference between yields on ten-year US notes and similar-maturity TIPS, a gauge of price expectations, expanded to as much as 1.7% last Tuesday.

    By Meera Shawn
  • uploads///Gold versus Two and Ten Year Interest Rates
    Macroeconomic Analysis

    Fed’s Hawkish Stance: Why It Impacted Precious Metals

    Last week was rough for precious metals. Gold, silver, platinum, and palladium all fell. Gold had the biggest weekly fall in about three years.

    By Meera Shawn
  • uploads///Front Month Silver Futures  Month Price Evolution
    Macroeconomic Analysis

    Why Are Precious Metals Showing Weakness?

    Gold broke its key level of $1,300 per ounce on Tuesday, October 4, 2016. But investors are seeing gold’s 200-day moving average of $1,258 per ounce as a resistance level.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    Reading the Technicals of South African Mining Companies

    Many of the fluctuations in precious metals have been determined by the Federal Reserve’s stance on the interest rate, and these fluctuations play on precious metals–based funds.

    By Meera Shawn
  • uploads///RSI
    Macroeconomic Analysis

    How Are Giant Precious Metals Mining Companies Performing?

    Many of the fluctuations in precious metals have been determined by the Federal Reserve’s stance on the interest rate, and these fluctuations play on precious metals–based funds.

    By Meera Shawn
  • uploads///boj
    Macroeconomic Analysis

    How Gold Reacted to the Bank of Japan’s Decision

    Aside from the Federal Reserve’s interest rate conundrum, precious metals prices have taken cues from the Bank of Japan’s monetary policy.

    By Meera Shawn
  • uploads///asset performance
    Miscellaneous

    How Has Gold Performed So Far in 2016?

    Gold prices have gained 21% YTD in 2016 and closed at $1,308.40 on September 16, 2016.

    By Russ Koesterich, CFA
  • uploads///goldvsdollar
    Miscellaneous

    How Did the Dollar’s Move Affect the Price of Gold?

    Gold is valued in dollars. As a result, the stronger dollar, driven by the recovery of the US economy, is pushing the gold prices further down.

    By Russ Koesterich, CFA
  • uploads///The Festive Demand In India In Q Has Historically Driven Gold Prices Higher
    Macroeconomic Analysis

    Demand from India Could Lend Support to the Gold Market

    Demand from India Could Lend Support In the near term, India could lend support to the gold market. Indian gold demand has been very weak this year due mainly to the higher gold price. This suggests there is pent-up demand. A good monsoon season in India can lead to a bountiful fall harvest that typically […]

    By VanEck
  • uploads///The Stronger Dollar Has Driven Gold Prices Lower Over The Years
    Macroeconomic Analysis

    Jackson Hole: An Important Takeaway and What It Means for Gold

    Yellen Channels Doobie Brothers’ “What Were Once Vices Are Now Habits” Another aspect of Janet Yellen’s Jackson Hole speech furthered our conviction for strong gold prices in the long term. She described all of the unconventional monetary policies implemented since the financial crisis (e.g., zero rates, QE, etc.) as components of the Fed’s “toolkit”. Perhaps […]

    By VanEck
  • uploads///RSI
    Basic Materials

    Rising Volatility Continues to Affect Miners’ Stocks

    The precious metals price correction that happened on September 2, 2016, extended to September 6. How did equities and funds respond?

    By Meera Shawn
  • uploads///Gold price versus DXY Currency
    Macroeconomic Analysis

    How Did the Rebound in the US Dollar Impact Gold?

    The US dollar rebounded on Tuesday, August 2, after losing on Friday due to weak US economic data. The US dollar rose by 0.15% against world currencies.

    By Meera Shawn
  • uploads///central bank purchases
    Macroeconomic Analysis

    Russia and China Are Leading the Pack in Gold Buying

    2016 started with more turbulence than expected, and many central banks started stacking gold.

    By Meera Shawn
  • uploads///Front Month Gold Futures  Month Price Evolution
    Macroeconomic Analysis

    How Much Can Brexit Affect the Precious Metals?

    Brexit could send jitters around the globe, and investors may jump to safe-haven assets such as gold and silver, which have risen 21.2% and 25.6%, respectively, on a YTD (year-to-date) basis.

    By Meera Shawn
  • uploads///Front Month Gold Futures  Month Price Evolution
    Macroeconomic Analysis

    Why Hedge Funds Liquidated Some of Their Gold

    Hedge funds increased their bets on gold as prices fell after gold’s gains in 1Q16. However, hedge funds and money managers curbed their bets on gold as it fell steadily in May.

    By Meera Shawn
  • uploads/// Gold Prices
    Company & Industry Overviews

    Why Predicting Gold Returns Is a Dubious Exercise

    Generally, gold is viewed as a hedge against rapid inflation and lower interest rates. That makes it hard to value gold as there are no cash flows or earnings associated with it.

    By Russ Koesterich, CFA
  • uploads///Gold price versus US Ten year Treasury yield
    Macroeconomic Analysis

    According to HSBC, What’s a Strong Clue for Gold’s Direction?

    HSBC analysts have determined that historically, gold has risen for at least 100 trading days after the first hike by the Federal Open Market Committee.

    By Meera Shawn
  • uploads///Gold price and the Chinese Yuan
    Macroeconomic Analysis

    Chinese Gold Reserves Surged in April

    China began updating its gold reserve figures on a monthly basis in July 2015.

    By Meera Shawn
  • uploads///physical gold demand
    Macroeconomic Analysis

    Paper Gold in Demand: Investors Shun Physical Gold

    Unforeseen events triggered the sudden increase in precious metals at the beginning of 2016. The year started with a bang and took precious metals on a high ride.

    By Meera Shawn
  • uploads///gold demand china
    Macroeconomic Analysis

    How Strong Is China’s Gold Demand?

    China’s love for gold is world famous, and demand had touched its peak in 2013 when gold experienced a steep price fall.

    By Meera Shawn
  • uploads///eacdedddf
    Macroeconomic Analysis

    China Looks to Change the Gold Market with Yuan-Denominated Gold

    China is looking to change the international gold market with its recently established yuan-denominated gold. The Chinese benchmark rate will derived from a 1 kg contract on the Shanghai Gold Exchange.

    By Meera Shawn
  • uploads///Gold price versus DXY Currency
    Macroeconomic Analysis

    US Dollar Buoyed, Pushed Gold and Gold-Based Funds Lower

    As the dollar strengthens, dollar-denominated assets usually suffer. Foreign investors have to buy a rather expensive dollar to invest in these metals.

    By Meera Shawn
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