ETFS Physical Swiss Gold
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%.
Will Gold Keep a Tab on the Inflation Level?
As precious metals have steadily fallen for the past few weeks, investors have been trying to read the increase in Treasury yields during the same period.
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.
How Mining Stock Volatility Numbers Are Moving Now
First Majestic, New Gold, Agnico, and Silver Wheaton now have RSI scores of 60.5, 56.2, 57.6, 59.6, respectively.
Is Gold Falling Due to Unwarranted Optimism?
Last year was a volatile year for the gold market. Softer demand from China and India, coupled with Trump’s victory, had immensely affected the precious metal.
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.
What Led to the Fall in Gold on March 1?
Gold futures for April expiration fell for the second straight day on March 1, 2017, as the US dollar showed strength.
Are Monetary Policies Playing on Precious Metals?
Precious metals have witnessed downward pressure over the past few months due to the expectation that US monetary policy is on a tightening path.
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.
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.
Must-know: 3 reasons silver isn’t the same as gold
To be sure, it’s not unreasonable that gold and silver (along with platinum) are often lumped together in the precious metal basket.
Should you jump on the silver bandwagon?
After rising nearly 12% from its June lows, silver has been garnering some attention lately, leaving many investors wondering whether they should raise their allocations to the precious metal.
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.
Central Banks Are Accumulating Gold due to Dollar Worries
Central banks have been net buyers of gold (SGOL) since the beginning of the financial crisis of 2008.
Why BNP Paribas Sees Gold Dropping Below $1,200 in 2019
Unlike other banks, BNP Paribas has a negative bias for gold going into 2019. Harry Tchilinguirian, global head of commodity markets strategy at BNP Paribas, is negative on gold (SGOL)(GLD).
Why the US Dollar Could Be Bullish for Gold in 2019
The US dollar (UUP) has been on an upward trajectory in 2018 so far. Year-to-date, it’s up ~7.4% compared to other major global currencies.
Why 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.
Could the Yield Curve’s Inversion Mean a Recession?
The yield curve mainly reflects bond market investors’ expectations of the Fed’s actions and future economic conditions.
Central Banks Buy Most Gold in Three Years
According to the World Gold Council (or WGC), central banks’ gold (SGOL) buying has hit the highest level in almost three years for the quarter ended September 2018.
Should You Be Worried about the Possible Yield Curve Inversion?
When the yield curve (BND) inverts, it means that the yields of shorter-duration securities become larger than those of longer-term securities.
Have Tariffs Started Taking a Toll on US Businesses?
The manufacturing sector shed 3,000 jobs during August. This is the first time in the last year that the sector has cut jobs.
Gold 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.
Yield Curve Narrows to Decade Low
A yield curve tracks the yields of Treasury securities maturing at different times.
Fed Officials Are Divided on the Significance of the Yield Curve
While most Fed officials agreed on rates and trade concerns, there was disagreement among them regarding the significance of the yield curve.
Why Do Analysts Think Gold’s Sell-Off Is Overdone?
According to a Reuters poll of 35 analysts and traders, the average gold price (GLD(IAU) forecast for 2018 and 2019 is $1,301 and $1,325 per ounce, respectively.
US Jobs Growth Miss Was a Respite for Gold—How’s the Outlook?
The US job additions in July reached only 157,000, lower than the expectations of 190,000 job additions.
What Does the Flattening of the Yield Curve Mean for Gold?
It doesn’t come as a surprise that Wall Street is concerned about a potential slowdown, as the spreads have significantly narrowed between the two-year and ten-year Treasury yields.
Is It Time to Get Excited about Gold?
Without a second half catalyst, gold will probably drift sideways, falling below the lower trend line and further eroding confidence in the metal.
Why H1 2018 Should Be Interesting for the Gold Market
he second half of 2018 should be very interesting for the gold market. The chart shows the gold price has formed a wedge or pennant pattern that has been in place for several years.
Why Gold Gold Stayed Resilient in May
Gold remained resilient in May, as the U.S. dollar strengthened considerably. The U.S. Dollar Index (DXY)1 gained 2.4% and closed the month at its highs for the year.
Which Miners Are Closely Correlated to Gold?
Over the past three years, HL and KGC have seen falling correlations with gold.
How the Correlation of Miners Moved amid Choppy Markets
Over the past three years, PAAS, AUY, and GOLD have seen declining correlations with gold, while FNV saw a mixed correlation to gold.
A Look at the Correlation of Precious Metal Miners
Yamana Gold has shown the highest correlation with gold this year, while Randgold has the lowest correlation on a year-to-date basis.
Why Markets Are Ignoring Gold Equities
While volatility has returned to markets this year, it has yet to reach worrying levels that might motivate investors to hedge their exposure.
What Fed Rate Hikes Mean for Gold
Gold’s price action in March was very constructive, even though it only advanced $6.62 (0.5%).
How Upswing in US Dollar Is Affecting Precious Metals
The correlation between gold and the dollar since the beginning of 2018 is -0.85.
Miners’ Correlations and How They’re Moving in April
In this part of our series, we’ll look at the correlation between gold and four mining stocks.
Miners’ Correlation with Gold in April
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Franco-Nevada (FNV), Coeur Mining (CDE), Kinross Gold (KGC), and Eldorado Gold (EGO).
What Mining Stocks’ Relative Strength Index Tells You
The precious metals and miners were widely expected to react negatively after the Fed decided to hike interest rates.
How These Mining Stocks Correlate with Gold
In this part of the series, we’ll look at the correlation between gold and four select mining stocks.
The Correlation of Miners So Far in March
Mining stocks tend to move in accordance with gold prices.
How Miners’ Volatility Is Trending
Miners had a good start to 2018 with an upswing in prices due to the revival of precious metals.
Keeping an Eye on Mining Stocks’ Correlation with Gold
Mining stocks’ correlation with gold is crucial, as gold is famously known as the big brother of precious metals.
Reading Mining Stocks’ Technicals in 2018
Miners had a good start to 2018. They saw higher prices due to precious metals’ revival. As precious metals fell, so did the mining stocks.
How the Latest Economic Numbers Affect Gold
Gold increased 5.3% and silver rose 5.2% in the previous one-month period.
Analyzing Miners’ Correlations with Gold in January 2018
In this part of the series, we’ll analyze the correlations of the movements of a group of mining stocks with gold.
Analyzing the Technicals of Mining Stocks in January 2018
Most mining stocks have risen during the past month due to the revival in precious metals prices.
Analyzing the Correlation of Gold to Miners in January 2018
First Majestic Silver saw correlation drop during the past three years. On a three-year basis, its correlation with gold was 0.57.
Interest Rate versus Gold: Interest Rate Wins Again
Gold is a non-yield bearing asset that reacts negatively to rises in the interest rate.
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.
Reading the Recent Gold-Silver Spread
Among these spreads, the gold-silver spread is the most talked about because it measures the number of silver ounces it takes to buy a single ounce of gold.
What Mining Stocks’ Indicators at the End of December Tell Us
Agnico, Randgold, Yamana, and Barrick have call implied volatilities of 24.3%, 21.1%, 38.8%, and 22.8%, respectively.
How the Dollar and Gold Moved in December
Gold and the US dollar are mostly inversely related to each other.
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.
Analyzing Mining Stocks’ Post-Rate-Hike Movement
Mining stock analysis In this part of the series, we’ll take a look at First Majestic Silver’s (AG), B2Gold’s (BTG), Goldcorp’s (GG), and New Gold’s (NGD) call-implied volatility and RSI (relative strength index) scores. Volatility analysis AG, BTG, GG, and NGD have call-implied volatility of 42.9%, 54.8%, 25.7%, and 52.4%, respectively. New Gold and Goldcorp have reported trailing-30-day […]
Chart in Focus: Technical Indicators of Mining Stocks
Gold Fields, Wheaton Precious Metals, Pan American Silver, and IamGold have RSI scores of 36.7, 55.2, 41.9, and 44.4, respectively.
Rate Hike Could Move Precious Metals and Miners
Investors have their eyes set on the interest rates. A rise in the interest rates causes the demand for precious metals to fall.
The Tax Reform Bill’s Impact on Precious Metals
All four precious metals saw a down day on Monday, December 4, 2017, after the US dollar, in which the four metals are priced, rose $0.39%, propelled by the Senate passing its tax reform bill.
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.
What Led to the Recent Rebound in Precious Metals?
After a substantial slump on Monday, gold futures for December delivery rose 0.5% on Tuesday and closed at $1,281.7 per ounce.
Comparing Miners’ Correlation with Gold
Correlation analysis Mining stocks’ performance usually depends on precious metal prices. Correlation analysis can give investors some perspective on how mining stocks relate to precious metals, especially gold. In this part of our series, we’ll look at four miners—Royal Gold (RGLD), Goldcorp (GG), Franco-Nevada (FNV), and Randgold Resources (GOLD)—and their correlation with gold. On Monday, the ETFS Physical […]
India’s Gold Imports Have Fallen: What’s Going On?
For India, gold imports have fallen 16% in value to ~$2.9 billion in October 2017 compared to $3.5 billion in the corresponding month last year.
Mining Stocks: Understanding Correlation
When you look at mining stocks’ performance, it’s important to analyze their correlation with gold. These stocks typically take their directional cues from gold, which is the most dominant among precious metals.
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.
What Mining Stocks’ Implied Volatility Tells Us
As of October 24, 2017, Silver Wheaton (SLW), Yamana Gold (AUY), Barrick Gold (ABX), and AngloGold Ashanti (AU) had implied volatility readings of 30.8%, 48.4%, 29.1%, and 40.9%, respectively.
Platinum Ratio Analysis: Which Way Is Platinum Moving?
The gold-platinum spread was ~1.38 on October 23. The RSI (relative strength index) level for the gold-platinum spread is now at 93.9.
Which Elements Impact Precious Metals?
Gold fell for the third consecutive day on October 18, 2017, as the US dollar regained strength. However, October 19 was an up day for gold and silver.
A Brief New Look at the Technical Indicators of Mining Stocks
The Physical Silver Shares (SIVR) and Physical Swiss Gold Shares (SGOL) witnessed rises on Friday, October 16, climbing 0.98% and 0.81%, respectively.
Are North Korea Tensions Continuing to Affect Precious Metals?
All the four precious metals saw an up day on Monday, October 9, 2017.
Could North Korea Be Affecting Precious Metal Prices?
North Korean tensions Like the US dollar, global tensions can be responsible for precious metal price fluctuations. North Korea has interpreted US president Donald Trump’s comments as a declaration of war, stating that Pyongyang has the right to take countermeasures, including shooting down US bombers outside of its airspace. The ongoing unrest in the Korean peninsula has led to a global […]
How North Korea Has Affected the Precious Metal Market
Precious metals have been buoyed by tension in North Korea. If North Korea does another missile test, it could prompt investors to move to haven assets such as gold, silver, Treasuries, and major currencies.
Miners: Correlation Trends in August 2017
Silver Wheaton has the highest correlation with gold, while Franco-Nevada has the lowest correlation.
What Miners’ Technical Indicators Suggest
Most of the miners have seen an upswing in their prices over the past week.
A Look at Volatilities for Precious Metal Miners
In this part of the series, we’ll look at some important technical indicators, including volatility figures and RSI levels for major miners.
Analyzing Miners’ Correlation in July 2017
Royal Gold’s correlation fell from a three-year correlation of ~0.75 and a year-to-date correlation of ~0.72 with gold.
How the Euro Pushed the Dollar Lower and What It Meant for Gold
July 20, 2017, was an up day for the euro, which put downward pressure on the US dollar as represented by the U.S. Dollar Index (or DXY).
RSI Levels Have Fallen: Will Miners Rebound Soon?
Gold and silver-based funds such as SGOL and SIVR are impacted by changes in precious metal prices. They fell due to the fall in precious metals on Friday.
Why Mining Stocks’ Relative Strength Levels Keep Falling
In this article, we’ll take a look at the variables that determine how attractive particular mining stocks or shares are or could become.
A Look at the Gold-Silver Ratio in June 2017
The gold-silver spread touched a peak of 85 in late 2008. The RSI level of the gold-silver ratio is 80.8, suggesting a possible pullback in the spread.
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.
The Ups and Downs of the Dollar and Gold
On June 6, 2017, the US Dollar Index plunged to its lowest level in seven months, which helped dollar-denominated precious metals regain value.
Are RSI Numbers Moving Away from or Close to Critical Levels?
Investors are constantly speculating about the impact on precious metals of a possible Fed rate hike in June. Let’s look at some 14-day RSI scores and implied volatility.
Volatility for Precious Metal Miners: Movement Going Forward
The ETFS Physical Swiss Gold (SGOL) and the ETFS Physical Silver (SIVR) have risen 8.5% and 4.1%, respectively, on a year-to-date basis as of May 18, 2017.
What’s the Correlation between the Dollar and Gold in Last 5 Days?
One of the critical elements that plays on precious metals besides the overall market sentiment is the US dollar.
How the Dollar’s Revival Is Impacting Precious Metals in May
The US Dollar Index, which prices the dollar against a basket of six major world currencies, has risen ~0.46% on a trailing-five-day basis.
How the Gold-Silver Ratio Has Been Scaling on Silver’s Back
Amid the significant fall in precious metals prices in the past couple of weeks, silver has taken the lead among the losers.
Will the Dollar Get Burned by Another Rate Hike?
While the US dollar has seen a decline in 2017, the increased possibility of a Fed rate hike in June could give the currency some breathing room.
Inside the Monthly Mining Correlations as of May 3
Metal investors have to study upward and downward trends as price change predictability can be affected by rises and falls in precious metal prices.
Gauging the Role of the US Dollar in the April 19 Fall of Precious Metals
Another important phenomenon that played on the fall of precious metals on Wednesday, April 19, was the upswing of the US dollar.
How Miners’ Correlations to Gold Are Trending
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.
Upcoming French Elections Could Impact Gold
Since the French elections are right around the corner, investors might start parking their money in safe-haven assets like gold.
Is Surging Volatility Giving Gold a Backbone?
As the markets experienced unrest on Tuesday, April 11, gold touched its five-month high of $1,275.10 per ounce.
How Is Gold Fields’ Correlation with Gold Trending?
Turbulence in markets due to the viability of the Trump Administration, the upcoming French elections, and the Brexit vote caused precious metals to rise.
Analyzing the Gold-Silver Spread as Investors Await Further Cues
When analyzing the precious metals market, it’s important to take a look at the relationship between gold (SGOL) and silver (SIVR).
How Did Mining Stocks Correlate with Gold in March 2017?
Yamana’s correlation with gold has increased from a three-year correlation of ~0.74 to a one-year correlation of ~0.80.
What Are Mining Stock Correlation Trends Telling Us Now?
We’ve begun to see a positive impact on mining shares, mining shares had been facing losses after Fed’s interest rate hike.
What GLD’s Fund Flows amid Current Instability Could Mean
GLD has seen a rise of 8.6% since the beginning of 2017, closely tracking the performance of gold.
Understanding Mining Companies’ Latest Correlation Movements
Amid the recent turbulence in markets, precious metals have begun to rise, but we’ve only seen the slightest positive impact on mining shares.
Inside the Recent Role of Volatility in Gold
The volatility index may finally stop being stagnant and move upward, now that the fiasco of the GOP’s healthcare bill attempt failed to launch on March 24.
Where Is the Gold-Silver Ratio Headed?
When analyzing the precious metals market, it’s important to take a look at the relationship between gold and silver.