Direxion Daily Gold Miners Bull 3X ETF
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How Much Could Brexit and Volatility Control Gold?
Fears in the overall financial market about a Brexit, the possible exit of Britain from the European Union, have abated. This helped gold fall.
Factors That Could Drive Silver Miners’ Valuations in 2017
Coeur Mining (CDE) is trading at a forward EV-to-EBITDA multiple of 6.9x, the lowest multiple in the peer group.
New Gold Bulls: Where Are They Now?
New Gold (NGD) stock has had one of the poorest showings YTD (year-to-date).
Will Falling Gold Prices Lead to More Carnage for Miners?
Gold continues to trade at its five-year low. It’s hovering in the range of $1,100–$1,150 per ounce. Gold futures on COMEX lost 5.90% on a YTD basis.
Why Investors Are Waiting for These Updates from Agnico Eagle Mines
AEM stock rose 10.0% in 2017, compared with the 12.8% gain seen by the SPDR Gold Shares and the VanEck Vectors Gold Miners ETF’s 11.1% gain.
Fed Meeting Is Over: What’s Next for Precious Metals?
The Fed kept interest rates unchanged at its July 27, 2016, meeting. Precious metals took guidance from it and most likely began looking forward to the Bank of Japan’s meeting.
Strong Equity Markets Pinned Gold Lower
As gold rose initially, the revival in the equity markets shadowed the precious metal. Silver maintained its gains. It’s used as an industrial metal.
Why Did Gold Have the Best Month in Almost 4 Years?
Despite the losses on February 26, the precious metals maintained substantial gains for February. Gold had the best month in almost four years.
Understanding Coeur Mining’s Valuation Catalysts in 2017 and Beyond
Coeur Mining (CDE) is trading at a forward EV-to-EBITDA multiple of 6.9x, which is just higher than Tahoe Resources’ (TAHO) multiple in the peer group.
A Look at the Technical Indicators for Major Miners
On July 13, 2017, Franco Nevada, Randgold Resources, Yamana Gold, and Cia De Minas had implied volatilities of 28%, 28.4%, 55.4%, and 38.6%, respectively.
Gold Gains on US-Mexico Trade Deal—What’s the Upside?
Gold prices (GLD) recorded their first weekly gain last week after six weeks of continued losses. What changed?
The Word on the Street: What Analysts Are Saying about AngloGold Ashanti
About 59% of analysts covering AngloGold Ashanti have issued “buy” recommendations. About 24% of analysts have issued “holds,” and 18% have issued “sells.”
Increased Volatility and Gold Investors
While gold miners have been out of favor for a long time, that might be about to change. Since the uncertainty in the market is increasing, gold prices are poised to rise.
What Caused the Divergence Between the Performance of GDX and GLD?
GDX has given a return of 60% YTD as of April 25, 2016, which is four times the return generated by the SPDR Gold Shares (GLD) in the same time period.
Which Silver Miners Offer a Valuation Upside?
Coeur d’Alene Mines (CDE) is trading at a forward EV-to-EBITDA of 7.6x, which is lower than the average peer multiple of 8.3x.
What Are Analysts Recommending Now for AngloGold?
About 59% of analysts covering AngloGold have given it “buy” recommendations. About 24% of analysts have issued “holds,” and 18% have issued “sells.”
Understanding the Debt Repaying Capacities of Silver Miners
High debt isn’t always bad if a company has the capacity to pay back its debt with its earnings.
Which Gold Stocks Do Analysts Love and Hate?
Gold price’s reversal this year has created opportunities in gold stocks. The SPDR Gold Shares ETF (GLD) had gained 11% year-to-date as of Friday.
The Most Crowded Trades Today: Assessing Gold’s Benefit
The average cash balance is now 4.8%, which is higher than the ten-year average cash level of 4.5%.
Where Are Gold Prices Headed Next?
There are many factors that support higher gold prices in the medium- to long-term.
Why Gold Miners Have Not Magnified Gold’s Gains in 2017
Due to leverage, the performance of gold miners usually magnifies the direction of the gold prices, but the scenario in 2017 has been slightly different.
Could Investors’ Rotation amid the Sell-Off Benefit Gold Miners?
As the risk-off sentiment takes hold in the market, investors could rotate out of more growth-oriented and expensive stocks and into relatively stable, defensive stocks.
Charting the Race in Gold Reserves among Senior Gold Miners
Barrick’s five core mines, which are expected to produce 70.0% of its volumes for 2017, have an average grade of 1.8 grams per ton.
Gold: A Macro Influenced Currency
A few of the macro indicators that affect gold and precious metals prices are the interest rate, inflation rate, trade balance, and the US dollar.
What Rising Physical Gold Demand Could Mean for Prices
After falling 18% in 1Q17, physical demand for gold seems to have picked up in 2Q17.
Why 7 Banks Are under a Swiss Regulator Probe
Precious metals saw a down-day on Monday. Gold futures on COMEX, a commodity division of the New York Mercantile Exchange, declined 1.21%.
Why Wheaton Precious Metals Is Still Analysts’ Top Gold Bet
Among major gold (GLD)(IAU) mining and gold streaming companies (GOAU), Wheaton Precious Metals (WPM) is analysts’ favorite and has received the most “buy” recommendations at 91%.
Deal or No Deal: Brexit Uncertainty Is Good for Gold
After almost two years, the uncertainty related to Brexit could again come in as a support for gold and other precious metals.
Newmont Mining Rejects Barrick Gold’s Hostile Acquisition Bid
In a press release today, Newmont Mining said that Barrick’s unsolicited negative premium proposal is not in shareholders’ best interest.
How IAG’s Westwood Mine Development Is Coming Along
IAMGOLD’s (IAG) Westwood reported 106% higher production in 3Q17 on a YoY (year-over-year) basis, coming in at 33,000 ounces.
Gold Price Leverage at Full Play at Sibanye: How Far Can It Go?
Since the start of 2016, Sibanye Gold has successfully played its operating leverage to the upside. While gold prices have risen by 16% year-to-date, Sibanye’s stock price has risen by a whopping 127%.
Mining Stocks Are Recovering from Their Slump
The Direxion Daily Gold Miners (NUGT) and the ProShares Ultra Silver (AGQ), both leveraged mining funds, both have recovered and jumped 19.4% and 24.9%, respectively, on a five-day trailing basis.
Iamgold’s Westwood Mine: On Track for Full Ramp-Up by 2020
Westwood’s all-in sustaining costs for the second quarter were $1,129 per ounce, which was 13% higher YoY.
How Are Goldcorp’s Project Pipelines Doing?
Goldcorp (GG) has one of the strongest project pipelines in the industry. It plans to compound returns by focusing on its existing mines with organic growth.
How the Global Scenario Is Affecting Gold and Silver
Gold and silver have lost 0.85% and 2.6%, respectively, on a five-day trailing basis.
Gold’s Outlook: How Likely Is a Surprise Rate Hike by the Fed?
While the Federal Reserve kept interest rates unchanged in its policy meeting in January 2018, it raised its outlook for inflation and flagged “further gradual” rate increases.
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.
Will Central Banks’ Gold Reserve Holdings Push Gold Higher?
Russia and China have been vocal about adding gold reserves to cut their economies’ dependence on the US dollar.
Mining Stocks Gave Mixed Reactions to Global Tensions
On Tuesday, January 5, mining companies gave a mixed reaction to the continued rise in precious metals.
Gold Falls to $1,062, Even amid Instability after Paris Attacks
On Wednesday, November 18, 2015, gold fell to $1,062 per ounce, the lowest level in almost six years. Silver, platinum, and palladium fell 0.61%, 0.82%, and 2.6%, respectively that day.
What Should Gold Investors Do after the US Election Surprise?
Until the market settles down and the policies of the new administration are understood, uncertainty is likely to prevail in the market. This, in turn, should support precious metals such as gold, silver, platinum, and palladium.
The Correlation between Gold and Oil
Oil is widely used in mining exploration, and a surge in oil prices may squeeze miners’ margins, leading to a fall in their share prices.
Direxion ETFs Can Help You Cut Your Losses
Here’s how Direxion ETFs can help you cut your losses and generate alpha. Take a closer look at the S&P 500 and key indicators from the first half of 2019.
Why Goldman Sachs Has Revised Its Gold Forecast Higher
Goldman Sachs (GS) has long been bullish on gold. In March 2018, the bank turned positive on gold (IAU) for the first time in more than five years. It’s since been advising investors to turn defensive due to its forecast of increased risk, recommending that investors go for high-quality stocks and gold.
Is Barrick Worth a Look after Its Merger with Randgold?
The Barrick Gold–Randgold Resources (GOLD) merger recently completed, with the trading of new shares starting on January 2, 2019.
These Factors Will Shape Gold’s Outlook in 2018
While a weaker US dollar supported gold prices in January 2018, the picture could change going forward.
Trump, Trade War, Powell: More Upside for Gold Prices?
Gold hit a fresh six-year high on Friday as trade tensions between the US and China escalated. The SPDR Gold Shares ETF (GLD) closed up 2%.
Gundlach: Fed Has Lost Control—Where Is He Investing?
Amid the trade war, weakening economic indicators, and the yield curve inversion, Jeffrey Gundlach believes the Fed has lost control of interest rates.
Why Jeffrey Gundlach Sees Huge Upside in Gold
Jeffrey Gundlach sees upside potential in gold prices as negative-yielding debt rises worldwide. He sees gold rising to $1,600–$1,700 per ounce.
Bond Yields Sink, Gold ETFs Soar on Rising Recession Fears
Today, bond yields are sinking and stock markets are tanking as markets become fearful of an upcoming recession.
Gold Bucks Commodities’ Downtrend on Trade War Jitters
Gold prices received a boost after President Trump’s tweet that 10% duties would be levied on $300 billion of Chinese goods starting on September 1.
Why Analysts’ Sentiments Are Turning Positive on IAMGOLD
Analysts’ sentiments toward IAMGOLD (IAG) have been changing for the better in the past few months.
Which Gold Stocks Could Surprise Markets in Q2?
After the turnaround in gold prices that began at the end of 2018, the fortunes for gold stocks are also looking brighter.
Dalio’s Answer to the End of the Lower-Rate Era Is Gold
Ray Dalio mentioned in a LinkedIn post on Wednesday that it’s important for investors to explore the market paradigm in which they’re currently operating.
Will Gold Miners Soar in the Second Half as Gold Rises?
Gold prices have seen a reversal in the last month or so. The SPDR Gold Shares ETF (GLD) gained 8.0% in June alone.
Why Trump’s Fed Picks Boosted Gold and ETFs
On July 2, President Trump nominated Judy Shelton to the Fed’s board. Shelton is an advocate of the gold standard.
Have Gold’s Fortunes Changed for Good after Hitting $1,400?
After remaining soft for the first five months of the year, gold prices (GLD) have seen a sudden turnaround since the end of May.
Why Wall Street Loves These Five Gold Stocks
Among miners, Eldorado Gold (EGO), New Gold (NGD), IAMGOLD (IAG), and Barrick Gold (GOLD) have seen the highest gains of 50.6%, 44.4%, 40.3%, and 36.4%, respectively.
Gold Breaches $1,400: What’s the Next Stop?
Gold is now trading close to a six-year high following the Fed’s dovish pivot at its June policy meeting. After being range-bound for the last five years, gold has finally broken out and its outlook is bullish.
Gold Prices Surpass $1,400 and Gold ETFs Surge
Gold futures registered their single largest one-day jump of 2.8% on June 20 following the Fed’s dovish stance at its June meeting. While the Fed kept rates unchanged, it hinted at future rate cuts if the conditions warrant them, which sent gold prices soaring.
Why Jeffrey Gundlach Likes Gold
During DoubleLine’s investor webcast on June 13, Jeffrey Gundlach said, “I am certainly long gold.” His call on gold is based on his expectation that the US dollar (UUP) will finish lower this year.
A Perfect Storm for Gold: All Macro Drivers Align
Fed rate cuts Fed policymakers are set to meet on June 18 and 19. Whereas the market has not priced in a rate cut in June, at least two rate cuts are expected by the end of the year. Amid the overall slowdown, US employment had been a bright spot until last month’s jobs report showed fissures may be appearing in the […]
Analyzing Deutsche Bank’s Bullish Gold Outlook
Like many other analysts, Deutsche Bank (DB) is also bullish on gold (GLD) prospects.
Goldman Sachs Is Bullish on Gold in 2019
Gold prices (GLD) haven’t been going anywhere for the past few months. However, Goldman Sachs (GS) is still bullish on the metal.
JPMorgan Chase Expects Gold to Go Higher in 2019
JPMorgan Chase (JPM) thinks that gold prices (GLD) should go higher. Right now, the Fed is patient on rate hikes.
AEM’s Cash Harvesting Phase Is Coming Up
Agnico Eagle Mines’ (AEM) stock has significantly outperformed its peers year-to-date. Up to April 25, AEM’s stock has risen 43.1%.
Newmont Mining Beats Q1 Earnings Estimates
Newmont’s gold production rose by 2% YoY to 1.23 million ounces.
Which Gold Equities Could Grow after Q1 Results Are Released
Agnico Eagle Mines’ (AEM) forward multiple of 10.3x, the highest among senior and intermediate gold miners, is 12% higher than its trailing-five-year average and 75% higher than its peers’ (GDX) (GDXJ).
Checking In on Gold Miners Ahead of Their Q1 2019 Results
Gold prices have fallen 3.6% this year after falling ~1.9% in 2018, significantly underperforming broader markets.
What Will Investors Look Forward to on Newmont’s Earnings Call?
Analysts expect Newmont to report revenues of $1.83 billion for the first quarter. This estimate implies growth of 0.5% year-over-year.
Deutsche Bank Upgraded Barrick Gold
Barron’s reported that Deutsche Bank (DB) analyst Chris Terry has increased gold’s (GLD) (IAU) target price to $1,350 per ounce for 2019.
Newmont Stock Will Take Cues from Its Goldcorp Merger Execution
Newmont Mining stock returned 3.2% in the first quarter, almost half the gains in the VanEck Vectors Gold Miners ETF in the same period.
What Will Be Key to Barrick Gold’s Performance in 2019?
Barrick Gold underperformed its senior and intermediate peers as well as the broader benchmark index during the first quarter of 2019.
What Wall Street Expects from Newmont after the Goldcorp Merger
Analysts’ ratings According to Thomson Reuters, of the 15 analysts covering Newmont Mining (NEM), 67.0% have given the stock a “buy” rating, 20.0% say “hold,” and 13% have a “sell” rating on the stock. Its target price implies a potential upside of 15.3% based on its current price of $34.9. In the last three months, Newmont’s “buy” ratings have […]
The Five Gold Stocks Wall Street Is Loving Lately
Gold miners usually act as a leveraged play on gold prices. In 2018, the VanEck Vectors Gold Miners ETF (GDX) fell 9.3%, amplifying the 1.9% fall in gold prices (GLD).
Could Gold Gain on Slowdown Concerns after a Soft Start to 2019?
Gold prices (GLD) started 2019 on a relatively soft note. After a dismal fourth quarter, the stock markets have recovered remarkably in 2019.
Will Newmont Investors Approve GG Merger after Special Dividend?
Today, Newmont Mining (NEM) announced a conditional special dividend to shareholders if its proposed merger with Goldcorp (GG) goes through.
Could the Yield Curve Inversion Be a Self-Fulfilling Prophecy?
Another factor that added to the downward pressure on yields came after the Fed’s more-dovish-than-expected take on future rate hikes.
Weak Eurozone PMI Data Rattle Markets, Gold Gains
On March 22, gold prices have been gaining due to safe-haven bids led by weaker-than-expected economic data from the Eurozone (HEDJ).
John Paulson Opposes the Newmont-Goldcorp Merger
In a letter to Newmont Mining’s CEO, Paulson & Co. said it doesn’t favor Newmont Mining’s $10 billion merger with Goldcorp (GG).
Which Gold Miners Can Easily Repay Their Debt?
If a company has high debt but has the capacity to repay it through its earnings, then the debt likely won’t be much trouble for the company.
These Assets Could Be Attractive If Fed Rethinks Inflation Course
The Federal Reserve’s two main objectives are stabilizing prices and maximizing employment.
What Would It Take for Analysts to Be More Positive about KGC?
Of the 20 analysts covering Kinross Gold (KGC) as per the consensus compiled by Thomson Reuters, 40% have given it “buy” ratings, and 55% have given it “holds.”
A Look at Kinross Gold’s Reserves and Resources Update
Kinross Gold (KGC) has maintained its gold price assumption of $1,200 per ounce for estimating reserves and $1,400 per ounce for estimating resources since 2011.
Barrick Gold Withdraws Hostile Acquisition Bid for Newmont
On February 25, Barrick Gold (GOLD) put in an unsolicited bid to acquire Newmont Mining (NEM).
Goldman Sachs: Why It’s a ‘Pound-the-Table Time’ to Buy Gold
Gold prices (GLD) fell by over 2.5% in the week ended March 1, their biggest weekly decline since August 2018.
Why Did Barrick Gold’s Reserves Fall in 2018?
At the end of 2018, Barrick Gold (GOLD) reported mineral reserves of 64.5 million ounces—a decline of 3.4% YoY.
JPM Likes Gold, as Fed Might Let Inflation Overshoot Target
The Federal Reserve has two main objectives: price stability and maximizing employment.
Why Central Banks Aren’t Listening to Warren Buffett on Gold
According to the gold demand trend for Q4 2018 released by the World Gold Council, central banks are on the biggest gold (GLD) buying spree in the last 50 years.
Newmont Mining’s Reserves Fell during 2018
Newmont Mining (NEM) reported reserves of 65.4 million ounces for 2018—4.5% lower compared to 2017.
Buffett versus Dalio on Gold: Whose Advice Should You Take?
When it comes to investing in stocks, Berkshire Hathway’s (BRK.A) chair, Warren Buffett, and Bridgewater’s founder, Ray Dalio, have similar advice.
Barrick Gold Makes a Hostile Bid to Acquire Newmont Mining
Today, Barrick Gold (GOLD) made an unsolicited bid for its rival Newmont Mining (NEM) in an all-share deal.
Newmont Mining’s Q4 Results Beat Estimates, Stock Rises
Newmont Mining (NEM) reported its fourth-quarter earnings results before the market opened on February 21.
GOLD Proposes Framework for Resolution of Dispute in Tanzania
Today, Barrick Gold outlined a proposed framework for the resolution of the outstanding dispute between subsidiary Acacia Mining and the government of Tanzania.
Investors Are Awaiting This Update from Kinross Gold’s Q4 Results
After underperforming its peers (GDX) (NUGT) in 2018, Kinross Gold (KGC) has continued that underperformance this year.
Strong Case for Gold over Bonds and Stocks? Bernstein Thinks So
Gold’s price saw its fourth consecutive positive monthly return in January. It rose ~3% in the month after its rise of 4.9% in December.
Digging into Gold Miners’ Performances ahead of Their Q4 Results
Gold’s price has risen 2.2% year-to-date after falling ~1.9% in 2018. Gold saw its fourth consecutive positive monthly return in January.
Do These Factors Point to a Strong Start for Gold in 2019?
Gold’s price (GLD) saw its fourth consecutive positive monthly return in January. It rose ~3% after December’s rise of 4.9%.
Will Silver Miners’ Multiples Expand after a Long Dry Spell?
On November 14, 2018, Pan American Silver announced that it was buying Tahoe Resources in a $1.07 billion cash and stock deal.
Gauging Royalty and Streaming Companies’ Upside Potentials
Royalty and streaming mining companies’ valuation multiples (GOAU) (NUGT) are usually higher than those of their mining peers.
