Royal Gold Inc
Gold and Silver Fell on July 22
At 2:50 PM EDT on July 22, precious metal producers Barrick Gold (ABX), Newmont Mining (NEM), and Royal Gold (RGLD) gained ~1%, ~2.0% ,and ~0.77%, respectively.
Polyus Gold International: A Russian Mining Giant
Polyus Gold International is the largest gold producer in Russia. It ranks among the top ten gold miners. It produced 1,696,000 ounces of gold in 2014.
Could Gold Catch a Bid if Equities Stay Weak in 2018?
What the markets have long been fearing has finally come true, at least in part. The S&P 500 (SPY) (SPX) hit a record high on January 26, 2018. Since then, the index has fallen ~8% as of February 6, 2018.
Which Gold Miners Popped and Dropped in 2017?
The North American gold miners’ results season is slated to begin on October 25. In this series, we’ll see how analysts view their revenues, earnings, and free cash flows.
How Much Does the US Interest Rate Influence Gold?
Gold and interest rates have a close inverse relationship. The higher the rate for Treasuries, the lower the demand for non-yield-bearing assets such as gold and silver.
Could Royalty and Streaming Companies Stay Strong in 2018?
Royalty and streaming companies Royalty and streaming companies’ business model differs greatly from that of other precious metal miners (RING), mainly because royalty and streaming companies do not own mines. These companies make upfront payments to gain a right to a fixed percentage of future silver or gold mine production. Additional payments are then made […]
Do Central Bank Gold Holdings Point to a Bright Future for Gold?
Central banks have been net buyers of gold since the beginning of the financial crisis of 2008.
Mining Shares: What Direction Is the RSI Level Taking?
The VanEck Vectors Junior Gold Miners (GDXJ) and the iShares MSCI Global Gold Min (RING) witnessed a fall in their price on Friday.
Gold Rose amid Increased Demand for Safe-Haven Assets
These economic concerns and monetary stimulus expectations have decreased the probability of an interest rate hike by the US Federal Reserve, and the chances of an interest rate hike in July dropped to zero.
Analyzing Movement in Mining Companies’ Volatility Figures
On May 31, 2017, the implied volatilities of Royal Gold, Goldcorp, Agnico Eagle Mines, and Primero Mining stood at 26.5%, 30.7%, 32.1%, and 90.6%.
Technical Indicators of Mining Stocks in 2016
Most mining companies are trading below their 100-day moving averages. A few months ago, they were trading at discounts compared to their significant premiums.
Understanding Miners’ Correlation to Gold
Precious metals mining shares that have high correlations with gold include Royal Gold, GoldCorp, New Gold, and Newmont Mining.
What Does Giant Miners’ Performance Indicate?
For mining companies, 2016 brought a ray of hope. Gold had the best quarterly performance in 30 years and silver climbed to its 11-month high.
Copper, Gold, and Silver Are Trading Lower on Thursday Morning
Copper is trading lower on Thursday. At 6:36 AM EST, the COMEX copper futures contract for July delivery was trading at $2.06—a decline of 1.1%.
Here’s What’s Driving Analyst Estimates for Franco-Nevada
Analysts are calling for average revenues of $678.5 million for 2017 for Franco-Nevada (FNV).
Gold Trading around $1,300, Silver Declines
At 8:45 AM Eastern time, gold futures contracts for June delivery were trading at $1,298.75 per ounce, a gain of 0.23%. Silver was trading at $17.59 per ounce, a loss of 0.37%.
How Closely Are Equities Tracking Gold?
Precious metals often run in the opposite direction of stocks. Whenever the risk appetite of investors is high, stocks tend to perform well.
Why Is Gold Struggling at a 1-Week Low on August 8?
At 2:40 PM EST on August 8, the COMEX gold futures contract for December delivery was trading at $1,341.35 per ounce—a drop of ~0.23%.
Copper, Gold, and Silver Are Stable Early on October 7
At 6:35 AM EST on October 7, the COMEX copper futures contract for December delivery was trading at $2.15 per pound—a fall of ~0.12%.
Inside the Key Correlation Trends in Mining as of April 13
As global tumult grips markets—and as investors turn to mining stocks as safe havens—it’s crucial to understand which stocks are closely tied to precious metals.
Why Is Gold Trading at Its Lowest Price Levels in 3 Weeks?
The market is anticipating the speech by the Federal Reserve chair, Janet Yellen, at the annual central bankers meeting to be held in Jackson Hole, Wyoming, on August 26.
Why Mining Company Stocks Are Rising Year-to-Date
Mining companies saw massive YTD rises in 2016 despite their poor performances in the last quarter. GDX saw a YTD rise of 21.4%.
Gold Performance Versus Other Investments in 1H17
Factors impacting gold in 1H17 are a weaker US dollar, geopolitical uncertainties, higher interest rates, and expectations for Trump’s agenda.
Inside the May Correlation Trends for Precious Metals
As global tumult grips markets and investors turn to mining stocks as safe havens, it’s crucial to understand which stocks are closely tied to precious metals.
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.
How Were Copper, Gold, and Silver Trading on Monday?
China’s better-than-expected growth in real estate investments in April supported copper prices on Monday.
An Overview of OPGSX’s Precious Metal Holdings
OPGSX may also invest up to one-fifth of its portfolio directly into gold or silver bullion and other precious metals.
VGPMX Has Underperfomed the Market
Vanguard Precious Metal and Mining Investment Fund (VGPMX) lags in diversification, as it’s a pure sector fund.
Royalty and Streaming Companies Have the Least Correlation to Gold
The business model of royalty/streaming companies is quite different from that of other precious metal miners.
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.
Gold in 2017: Which 5 Miners Have Made Money?
The performance of gold and silver in 2017 is weaker than most other industrial metals. There are many factors that explain the weaker performance of precious metals.
Gold Inches Higher on Weaker Dollar and Global Uncertainties
After falling for two consecutive trading days, gold regained its strength on Wednesday, June 29, amid increasing concerns over the stability of the global markets.
Who’s Changing Minds on Royal Gold?
RGLD is being covered by 13 Wall Street analysts right now, of which 54% recommend a “buy” for the stock, while 46% recommend a “hold.”
Why Did Gold Prices and Gold Mining Stock Performances Diverge in 1H17?
Gold miners in 2017 seem to be driven more by company-specific factors than by the direction of gold prices.
Copper Stabilizes While Gold Trades near Two-Year High
Copper prices stabilized on Monday, July 4, amid expectations of stimulus from central banks.
Precious Metals: Royalty, Streaming Stocks Are Underperforming
Among the precious metals sub-groups, royalty and streaming companies have substantially underperformed the other miners.
Gold Prices Trade Flat: Sluggish Demand and Improving US Economy
COMEX-traded June gold futures fell marginally by 0.50% and closed at $1,183 per ounce on May 11. Gold prices traded almost flat—led by weak Asian demand.
Why Investors Should Take a Look at Gold in H2 2018
Gold prices have gone through a rough patch recently with prices closing near their seven-month lows.
Why Valuation Multiples for Royalty and Streaming Companies Have Risen in 2017
Royalty and streaming mining companies (RING) (SIL) have business models that are considered quite conservative because they don’t own mines.
Royalty and Streaming Companies May Underperform as Gold Rises
The business models of royalty and streaming companies is quite different from those of other precious metals miners. Royalty companies don’t own mines.
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%.
Improving Demand: Gold Prices Increase for the Fourth Session
June gold futures trading on COMEX increased slightly by 0.01% on May 15, 2015, and settled at $1,225.30 per ounce. Gold prices rose for the fourth day.
Which Stocks Are Uptrending in Their Correlations to Gold?
It’s expected that precious metal mining stocks will follow precious metals. So it’s crucial to know which stocks are closely associated with precious metals.
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.
These 10 Gold Stocks Matter Now to the Analysts Still Betting on Gold
Gold prices remain under pressure as the demand for alternative investments, including equity stocks and bitcoin, remain strong in the risk-on environment.
Why Royalty and Streaming Companies Outperformed Peers in 2017
Royalty and streaming companies are quite different than other precious metal miners in terms of business model.
OPGSX: An In-Depth Look at the Alternative Mutual Fund
The OPGSX fund aims to grow capital through exposure to equity stocks of companies that are associated with gold and other precious metals.
Royalty and Streaming Stocks: What Are the Wall Street Favorites?
Among the precious metals sub-groups, royalty and streaming companies have substantially underperformed the other miners. Why is that?
Gold Prices Drop Again: Led by the Strong Dollar
Lower gold prices impact gold mining stocks. The US Dollar Index appreciated against the major currencies and increased by 0.06% on May 7, 2015.
Gold Prices Are near $1,200 per Ounce: Led by Depreciating Dollar
Gold June futures contracts trading in COMEX rose by 0.54% and settled at $1,193.20 per ounce on May 5. Prices gained as the US Dollar Index depreciated.
Which Royalty and Streaming Companies Could Be Rerated in 2018?
Among the four major streaming companies we’ll discuss in this part of our series, Franco-Nevada (FNV) has the highest forward EV-to-EBITDA multiple of 22.8x.
Gold Prices Are Steady around $1,180 per Ounce
June gold futures contracts increased marginally by 0.19% and closed at $1,188.80 per ounce on May 28, 2015. Gold prices increased marginally.
Gold Prices Extend Rally on Depreciating Dollar
This is the fifth up day for gold prices in the last ten days. Prices increased by 0.72% more on the average up days than on the average down days over the last ten trading sessions.
An Overview of SGGDX’s Precious Metals Holdings
The First Eagle Gold Fund Class A’s (SGGDX) portfolio mainly consists of stocks from the precious metals and mining sector.
How the Economic Sentiment Is Playing on Gold
During the past week, average hourly earnings, excluding the farming industry, were below analysts’ expectation of 0.10%.
Why Is Newmont Mining Taking the Lead?
Newmont Mining (NEM) is one of the leading gold miners. It contributes about 5.43% to the VanEck Vectors Gold Miners ETF (GDX).
Gold: What Goes Up Must Come Down
Gold had seen a prolonged bull run from the 2008 meltdown to the beginning of 2013 as fear, the expectation of inflation, and QE drove prices higher.
Could Gold be Set for a Big Move in 2018?
Gold started 2018 on a strong note, in line with the new-year price rallies it has seen over the last few years.
Why Royalty and Streaming Companies Have Lower Correlations to Gold Prices
Royalty and streaming companies don’t own mines. They make an upfront payment in return for a purchase of a fixed percentage.
Copper Falls, Gold and Silver Are Stable Thursday Morning
Copper is falling for the fourth trading day this week. At 7:53 AM EST, the COMEX copper futures contract for July delivery was trading at $2.16 per pound.
How Are the Mining Stocks’ Technical Indicators Moving?
Goldcorp (GG) and Newmont Mining (NEM) have dropped 4.2% and 6.2%, respectively, over the last month.
What the Latest Mining Stock Technicals Tell Us
Royal Gold, Agnico-Eagle, Silver Wheaton, and Hecla Mining now have RSI scores of 38.1, 25.1, 24.6, and 40.6, respectively.
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.
How Does US Economic Growth Bode for Gold in 2017?
The US jobs report showed 156,000 job additions in December 2016. This number was below the consensus estimate of 175,000 job additions.
Where Do the Volatilities of Mining Stocks Point?
Many of the recent fluctuations in precious metals have been the result of speculation about the Federal Reserve’s interest rate stance.
How the Dollar Affected Gold on October 4
Gold rose on Wednesday, October 4, 2017, after having touched its seven-week low price of $1,269.2 an ounce.
Why Was Copper Weaker in the Early Morning on July 26
At 6:30 AM EST on July 26, the COMEX copper futures contract for September delivery was trading at $2.21 per pound—a drop of ~0.45%.
How Are Copper, Gold, and Silver Performing This Morning?
Copper is trading positive on Friday morning. At 7:21 AM EST, the COMEX copper futures contract for July expiry was trading at $2.08 per pound.
Will a Rate Hike Pull the Lid off Gold?
Though an increase in rates may initially dim the luster of the metal, after the hike, gold may soar, uninterrupted by looming fears.
Why the US Dollar Fell from Its 14-Year High
US employers boosted hiring in November, and the unemployment rate fell to a nine-year low of 4.6%.
US Dollar Rises, Gold Falls on Bullish Data
Gold and the US dollar have witnessed an almost inverse relationship over the past few years. The other precious metals have a similar inverse relationship to the US dollar.
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.
What Iamgold’s Outperformance Could Mean for the Future
Iamgold’s (IAG) stock price has had a very strong performance in 2017 YTD, significantly outperforming peers and gaining 83% as of September 8, 2017.
Gold Fell as Economic Data Posted a Little Strength
US economic data that came out on Friday, July 8, 2016, had a significant impact on gold.
Reading the Performance of the Giant Miners
Most mining companies reversed their 2015 losses during the first few months of 2016 and had posted substantial gains. There is a high correlation between mining stocks and precious metals.
How Mining Stocks Moved in January 2017
Some investors expected choppy markets for precious metal mining companies after Trump’s victory, but that didn’t happen. Miners often follow precious metals.
Gold Depended on the US Dollar in 2016
During November, after the presidential election, gold’s gains were mainly due to the strong US dollar. The US Dollar Index rose to a 14-year high.
Gold Hit Its Highest Level in More Than a Week on September 21
After gaining for two consecutive trading days, gold prices inched higher on Wednesday, September 21. This gain occurred against the backdrop of the Federal Reserve meeting and the marginally lower dollar.
Is Gold Still Taking Cues from Downturn in Equities?
Gold and silver have seen positive yields over the past five trading days.
Where Mining Stocks Are Headed in April 2017
The VanEck Vectors Gold Miners (GDX) is trading at a YTD gain of 12.3%. But during the past month, many miners had previously experienced price falls.
Which Miners Have a Downward Trend in Correlation to Gold?
First Majestic Silver (AG) has a three-year correlation of ~0.71 with gold and a year-to-date correlation of ~0.64.
Gold and Silver Look Stable This Morning
In precious metals, gold and silver look stable this morning. At 6:19 AM EST, gold for June delivery was trading at $1,234.05 per ounce—a gain of 0.33%.
How Did Gold and Silver Perform on September 15?
On September 15, the COMEX gold futures contract for December delivery fell 0.09% to $1,320.25 per ounce.
As US Job Growth Slows, Gold Begins Another Climb
The US added 138,000 jobs in May 2017, after adding 174,000 jobs in April (revised downward from 211,000 previously).
Goldcorp Misses Second-Quarter Earnings Estimates
Goldcorp (GG) reported its second-quarter earnings on July 25 after the market closed.
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.
Is Gold Ready to Fly in the New Year?
In this series, we’ll look at what could influence gold demand as we step into 2019.
Is Now the Time to Heed Dalio’s Gold Allocation Advice?
Ray Dalio’s love for gold is well known.
Why Ray Dalio Recommends Holding 5%–10% in Gold
Dalio’s Bridgewater Associates built its position in gold ETFs mainly after the second quarter of 2017.
Are Royalty and Streaming Stocks a Safe Bet in 2018 and Beyond?
Royalty and streaming mining companies’ (GOAU) (SIL) multiples are usually higher than those of their mining peers.
Which 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.
Could Unprecedented Short Interest in Gold Mean a Bullish Future?
According to the COT report for the week ended August 10, money managers were net short on gold for the eighth straight week.
Why Speculative Money Positioning Hints at a Gold Rally
According to the COT report for the week ended August 3, money managers were net short on gold for the seventh straight week.
Does Speculative Positioning Imply that Gold’s Bottom Is Near?
According to the COT report for the week ended June 26, 2018, money managers were barely net long on gold with just over 4,000 net speculative long contracts.
Analyzing Mining Companies’ Correlation with Gold
Precious metal prices’ revival in the last week has led to miners rebounding, with most mining companies performing positively.
What’s the Correlation of Miners in 2018?
The revival in precious metals on Friday caused a rebound in miners. But the fall on Monday again caused mining stocks to plummet.
The US Dollar Is Overpowering Gold as Hedge against Market Risk
Among growing market unrest, investors have turned to the US dollar rather than gold as a safe haven.
How Are Mining Stocks Reacting to the Slump in Gold?
The Global X Silver Miners ETF (SIL) and the VanEck Vectors Gold Miners ETF (GDX) have fallen about 7.6% and 1.8%, respectively, during the last month.
Gold’s RSI Level Drops below 30—What’s Next?
On Thursday, June 28, silver fell 0.3% and was trading at $16.00. Platinum dropped 1.0% and traded at $850.00.
How Miners’ Correlations Are Moving in Accordance with Gold
In this article, we’ll focus on the correlations of selected miners with gold.