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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.
Basic MaterialsTrump, 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%.
FinancialsGundlach: 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.
Basic MaterialsWhy 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.
Basic MaterialsBond 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.
Basic MaterialsGold 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.
Basic MaterialsWhich 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.
Basic MaterialsWhich 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.
Basic MaterialsDalio’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.
Basic MaterialsWill 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.
MiscellaneousWhy 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.
MiscellaneousWhy 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.
Basic MaterialsHave 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.
FinancialsWhy 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.
Basic MaterialsGold 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.
MiscellaneousGold 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.
Macroeconomic AnalysisWhy 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.
MiscellaneousA 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 […]
Basic MaterialsAnalyzing Deutsche Bank’s Bullish Gold Outlook
Like many other analysts, Deutsche Bank (DB) is also bullish on gold (GLD) prospects.
FinancialsGoldman 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.
FinancialsJPMorgan 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.
Earnings ReportAEM’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%.
Basic MaterialsNewmont Mining Beats Q1 Earnings Estimates
Newmont’s gold production rose by 2% YoY to 1.23 million ounces.
Basic MaterialsWhich 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).
Earnings ReportChecking 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.
Basic MaterialsWhat 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.
Basic MaterialsDeutsche 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.
Basic MaterialsNewmont 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.
Basic MaterialsWhat 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.
Basic MaterialsWhat 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 […]
MiscellaneousWhy 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%.
Basic MaterialsThe 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).
MiscellaneousCould 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.
Basic MaterialsWill 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.
Macroeconomic AnalysisCould 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.
ConsumerWeak 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).
Basic MaterialsJohn 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).
Basic MaterialsWhich 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.
HealthcareThese Assets Could Be Attractive If Fed Rethinks Inflation Course
The Federal Reserve’s two main objectives are stabilizing prices and maximizing employment.
Basic MaterialsWhat 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.”
Basic MaterialsA 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.
Basic MaterialsBarrick Gold Withdraws Hostile Acquisition Bid for Newmont
On February 25, Barrick Gold (GOLD) put in an unsolicited bid to acquire Newmont Mining (NEM).
FinancialsGoldman 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.
Basic MaterialsNewmont 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.
Basic MaterialsWhy 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.
FinancialsJPM Likes Gold, as Fed Might Let Inflation Overshoot Target
The Federal Reserve has two main objectives: price stability and maximizing employment.
FinancialsWhy 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.
Basic MaterialsBuffett 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.
Basic MaterialsNewmont Mining’s Reserves Fell during 2018
Newmont Mining (NEM) reported reserves of 65.4 million ounces for 2018—4.5% lower compared to 2017.
Basic MaterialsBarrick 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.
Basic MaterialsNewmont Mining’s Q4 Results Beat Estimates, Stock Rises
Newmont Mining (NEM) reported its fourth-quarter earnings results before the market opened on February 21.
Company & Industry OverviewsGOLD 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.
Earnings ReportInvestors 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.
MiscellaneousStrong 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.
Basic MaterialsDigging 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.
MiscellaneousDo 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%.
Basic MaterialsWill 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.
Basic MaterialsGauging Royalty and Streaming Companies’ Upside Potentials
Royalty and streaming mining companies’ valuation multiples (GOAU) (NUGT) are usually higher than those of their mining peers.
Basic MaterialsWhich Gold Stocks Are Looking Attractive in 2019?
In 2018, as gold prices (GLD) fell 1.9%, the VanEck Vectors Gold Miners ETF (GDX) multiplied that loss by falling 9.3%.
Basic MaterialsCan Gold Miners Be Repriced as Consolidation Hits the Sector?
The consolidation in the gold sector has already taken a major step up, with two of the largest miners announcing mergers.
MiscellaneousWhy Analysts’ Sentiments Are Turning Positive on IAMGOLD
Analysts’ sentiments toward IAMGOLD (IAG) have been changing for the better in the past few months.
HealthcareGold’s Long-Term Outlook Is Upbeat despite Short-Term Headwinds
Geopolitical concerns are expected to remain heightened throughout 2019.
MiscellaneousWhat Will Drive Gold Prices in 2019?
2019 has started on a relatively soft note for gold prices.
MiscellaneousWhich Five Gold Stocks Are Analysts Loving So Far in 2019?
In 2018, as gold prices (GLD) fell 1.9%, the VanEck Vectors Gold Miners ETF (GDX) amplified that loss by falling 9.3%.
Basic MaterialsWhat’s Next for Gold after the Newmont-Goldcorp Merger?
Whereas several gold (GLD) mining companies are likely to see M&As (mergers and acquisitions), Agnico Eagle Mines (AEM) may not be one of them.
Basic MaterialsWhy Gold Miners’ Mergers and Acquisitions Are Heating Up
Newmont Mining (NEM) and Goldcorp’s (GG) deal, the gold space’s latest mega-merger, may suggest miners are getting serious about turning things around for stakeholders.
FinancialsGoldman Sachs: Investors Should Get Defensive in 2019
Goldman Sachs’ (GS) chief equity strategist, David Kostin, expects the S&P 500 (SPY) to reach 3,000 by the end of 2019.
Basic MaterialsNewmont and Goldcorp Merger to Create World’s Leading Gold Miner
Newmont and Goldcorp announced that they have entered an agreement in which NEM will acquire all of the outstanding GC shares in a stock-for-stock transaction valued at $10 billion.
MiscellaneousJim Cramer Suggests Nervous Investors Buy Gold Now
Jim Cramer is advising investors to invest in gold if they’re concerned about the Fed’s interest rate policy and the US-China trade war.
FinancialsGoldman Sachs Turned More Bullish on Gold in 2019
On January 10, Goldman Sachs raised the price forecast for gold to $1,325, $1,375, and $1,425 per ounce for the next three, six, and 12 months.
Basic MaterialsWill the GOLD Merger Expedite the Tanzania Dispute’s Resolution?
One of the major overhangs on Barrick (GOLD) stock of late has been its subsidiary Acacia Mining’s issues with the Tanzanian government regarding taxes.
Company & Industry OverviewsIs 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.
FinancialsWhy J.P. Morgan Is Bullish on Gold in the Second Half of 2019
In contrast to Bank of America Merrill Lynch’s bullish view on gold (GLD) in 2019, JPMorgan Chase (JPM) expects gold (NUGT) and silver’s (SLV) performance to remain to lukewarm—at least in the first half of 2019.
MiscellaneousBulls versus Bears on Wall Street: Time to Buy Gold in 2019?
For a large part of the year, gold prices (GLD) have languished due to a strong US dollar (UUP), hawkish Fed rate hike outlook, and rising equity markets.
Macroeconomic AnalysisWhere to Hide as Wall Street’s Fear Gauge Flashes Red
Volatility (VXX) has made a comeback in the markets this year after a prolonged calm. Last year was particularly calm as volatility plunged to a multi-decade low.
MiscellaneousTime to Go Gold? Metal Outshines Risk Assets on Growth Concerns
For most of the year, gold prices (GLD) have languished, thanks to a strong US dollar (UUP), hawkish Fed rate hike outlook, and strength in the equity markets.
MiscellaneousA Perfect Storm Brewing in EU with Brexit: Is Gold the Answer?
The United Kingdom is set to leave the European Union (HEDJ) in March. A Withdrawal Agreement has yet to be approved by both the UK and European parliaments if the UK is to leave in a planned and orderly way.
MiscellaneousWhy Jeffrey Gundlach’s Predictions Are Music to Gold Bulls’ Ears
During an investor webcast on December 11, DoubleLine CEO Jeffrey Gundalch painted quite a bearish picture of stocks, bonds, and the US economy (SPY)(DIA).
HealthcareWhy the World Gold Council Thinks Gold Is ‘Interestingly Balanced’
The World Gold Council (or WGC) chief Market Strategist and Head of Research, John Reade, analyzed gold’s performance in 2018.
FinancialsGoldman Sachs: Where to Hide in a Slowdown
Similar to Bank of America, Goldman Sachs (GS) isn’t bullish on stocks’ prospects next year.
FinancialsWhy Goldman Sachs Is Still Optimistic about Gold
In March this year, Goldman Sachs (GS) turned bullish on gold for the first time in the last five years.
Basic MaterialsWhich Silver Miners Look Primed for a Rebound after a Dry Spell?
Of all the major silver stocks, Tahoe Resources (TAHO) is trading at the lowest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 3.3x.
Basic MaterialsYamana Gold Will Sell the Gualcamayo Mine for $85 Million
Yamana Gold (AUY) announced that it entered into an agreement to sell its Gualcamayo mine in Argentina to Mineros SA.
Macroeconomic AnalysisStretched Equity Valuations Start to Weigh In
Since equities have slumped in October, investors are reassessing the price they should be paying for the forward earnings.
Earnings ReportCould New Gold’s Q3 2018 Results Decide Its Future?
New Gold plans to announce its third-quarter results after the market closes on October 24, followed by a conference call to discuss the results on October 25.
Basic MaterialsWhat Could AEM Address during Its Q3 2018 Earnings Call?
By October 17, Agnico Eagle Mines (AEM) has lost 20.3% of its value year-to-date, while the VanEck Vectors Gold Miners ETF (GDX) had fallen 14.3%.
Basic MaterialsKinross Gold’s Q3 2018 Preview: The Tasiast Update
After significantly outperforming its peers (GDX)(NUGT) in 2017, Kinross Gold (KGC) has underperformed this year.
Basic MaterialsAnalysts’ Views: Is It Time to Look at Gold Miners?
In this series, we’ll look at analysts’ ratings for the major gold miners. All major senior and intermediate gold miners have fallen YTD.
Basic MaterialsWhich Gold Miners Look Promising as Gold Rebounds?
While gold miners have been out of favor for a long time, that may be about to change. As uncertainty in the market is increasing, gold prices are poised to rise.
MiscellaneousCould 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.
MiscellaneousGold, Miners Have Surged on the Market Rout—What’s the Upside?
Gold prices have failed to draw a bid in 2018 despite many market uncertainties, including trade tensions and other geopolitical concerns.
MiscellaneousWhy New Gold Bulls Have Gone Extinct
As of September 24, New Gold (NGD) has fallen 75%, significantly underperforming its peers.
Basic MaterialsWhich Silver Miners Look Reasonable at Current Valuations?
Of all the stocks we’ve covered in this series, Tahoe Resources (TAHO) is trading at the lowest enterprise-value-to-forward-EBITDA multiple of 3.5x.
MiscellaneousCould the US Dollar’s Rally Fizzle to Gold’s Benefit?
It’s no secret that President Trump wants a weaker dollar to support the country’s exports.
Real InsightsIs Gold Losing Its Value as a Safe-Haven Asset?
Gold is down only 8% this year, but it’s off almost 13% from its high. For some reason, it has lost its allure as a hedge to inflation and global turmoil.
Real InsightsThis Fall’s Opportune Sectors—besides Technology
As summer winds down, what sectors (other than technology) are interesting?
MiscellaneousGold Short Positions Still Growing: Short-Squeeze Rebound Ahead?
According to the COT report for the week ended August 24, detailing holdings as of August 21, money managers were net short on gold for the ninth straight week.
MiscellaneousGold 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?
MiscellaneousIs This the Beginning of the End for the US Dollar’s Rally?
One of the culprits for weaker gold prices in 2018 is the strength in the US dollar.
Basic MaterialsRanking Gold Miners Based on Debt-Repayment Capacity
To a point, companies try to optimize their debt-to-equity mixes. In fact, it isn’t always bad to carry debt if a company can repay it through earnings.