iShares Silver Trust
Is Silver More Valuable as a Precious Metal or an Industrial Metal?
Silver has been falling over the past few years, despite surging demand for its industrial use. Fundamentally, silver seems to be strong due to rising demand and a year-over-year shortfall in its supply.
Gold Has Outperformed Other Asset Classes
Why Gold’s Resilience Continues in July Following the June 23 Brexit vote when the UK chose to withdraw from the European Union, bond yields fell to record lows and gold rallied to two-year highs, reaching $1,375 per ounce on July 6. In the US, subsequent strong economic results in manufacturing, retail sales, and housing created […]
What Caused the Fall in Precious Metals?
Gold prices plummeted on Wednesday, January 25, 2017, and gave the lowest close in recent weeks.
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.
Precious Metals Rose: What Are Technicals Showing?
Looking at volatility for precious metals, we see that volatility in gold decreased as gold slipped for yet another day on Wednesday, July 27, 2016.
Recommendation: You should favor longer-dated Treasuries
The 10-year Treasury yield still appears attractive relative to sovereign rates elsewhere in the world. In addition, longer-dated Treasuries also look more attractive than those with two- to five-year durations.
4 must-know facts about rising inflation and your portfolio
Recent readings have shown that inflation has stabilized, which is a good thing, but signs of an imminent acceleration in inflation are still scant.
Gold ETFs and Miners Taking Cues from Rate Hike Conundrum
Investments in the precious metals sector—including mining—substantially depend on the rate hike conundrum.
Which Indicators Are Playing Precious Metals?
Besides geopolitical issues, the US dollar has also been playing an important role in the determination of the price movement for precious metals.
Gold Demand Stays Strong in China
After the $5 billion stock market collapse in China, investors fled to gold. Even a third straight annual decline in prices has failed to make gold lusterless in China.
How Indian Demand Could Influence Gold Prices
India and China remain the top two consumers of gold (IAU) and silver (SLV).
Did the Fall in the Dollar Boost Precious Metals?
Precious metals saw an upward swing on Tuesday, November 1, 2016. The rise in precious metals was most likely due to the slight fall of the US dollar.
Why Precious Metals Fell on Monday, September 18
Precious metals saw a down day on Monday, September 18. Gold, silver, and platinum fell 1.1%, 3.1%, and 1.1%, respectively, on the day.
Which Silver Miners Could Surprise on the Downside of Production?
Hecla Mining’s (HL) silver production recorded a fall of 27.0% year-over-year (or YoY) to 3.4 million ounces in 1Q17.
Mining Stocks: How’s the Correlation Trending?
Mining stocks with a higher correlation to precious metals will likely be impacted more by global indicators that influence precious metals.
How Economic Numbers Played on Gold on April 7
Besides the attack on Syria, the latest rise in gold was also backed by dampened expectations that the Fed will raise interest rates soon.
What Factors Could Be Playing Precious Metals?
Gold was trading moderately high on Wednesday, October 25, 2017. It rose a marginal 0.04% and closed at $1,276.30 per ounce. Silver and palladium, however, had a down day.
Gold Fell as US Interest Rates Soared
Investors were somewhat pessimistic about gold during the last quarter of 2016. Most of the fluctuations were due to the news of the interest rate hike.
Will Gold Keep Clinging to US Interest Rates?
Investors are cautious about investing in gold after the sudden surge over the past three months. The Market sentiment in gold seems to be far from bearish.
These Global Indicators Are Affecting Gold in 2017
The strong economic numbers from the US during 1Q17 have been casting a shadow over precious metals.
How US Employment Numbers Played Precious Metals This Week
Gold prices dropped from its seven-week high level of $1,276.10 per ounce on August 1. Gold futures for September expiration fell 0.08% on August 2 and ended at $1,274.20 per ounce.
A Look at Gold as the Fed’s Rate Hike Looms
The Fed’s interest rate hike On December 14, 2016, the Fed finally raised interest rates by 25 basis points. More concerning from an investor’s point of view was the Fed’s targeted total hike of 75 basis points in 2017. The Fed’s first meeting for 2017 is on March 14 and 15. The market is quite certain that […]
How Is the Gold-Silver Ratio Moving in April 2017?
As of April 18, 2017, gold and silver have risen 12% and 14.8%, respectively, year-to-date.
Inside Silver Miners’ Financial Leverage after 3Q16
Investors in the precious metal mining industry need to know a company’s debt levels because high debt can strain a company’s credit rating.
Inside Mining Stocks at the End of May: Implied Volatility and RSI
The iShares Silver Trust and the iShares Gold Trust have gained 2.9% and 0.91%, respectively, in the past five days, likely due to the precious metal rebound.
Still in a Rut: Soft Wage Growth Persisted in February
The trend of soft wage growth persisted in February. Wage growth hasn’t been able to break out of its rut. It continues to stay at a YoY level of 2%.
How Are Silver Miners Doing as Silver Outshines Gold?
Silver has outperformed gold year-to-date (or YTD). The SPDR Gold Shares ETF (GLD) has risen 17% YTD, while the iShares Silver Trust ETF (SLV) has risen 24%.
How Investors Could Position in the Late Cycle of Expansion
After a prolonged calm period, a sell-off in equities (SPY) (QQQ) in October and again in November has shaken the markets out of their slumber.
Diversify Broadly and Consider Alternative Investments
Rising correlation across asset classes is a sticky problem that investors face while investing in today’s markets.
If This Is the Deep Panic Jim Paulsen Talked About, Start Buying
Jim Paulsen, The Leuthold Group’s chief investment strategist, thinks that after the ugly December for markets, investors’ panic is in the later stages.
Key investor takeaways: Pay attention to Japanese equities
For now, we continue to expect a world in which U.S. growth overshadows that of other developed countries, resulting in a strong dollar and weaker commodity prices.
Which Silver Stock Is Analysts’ Favorite These Days?
Precious metal miners with substantial exposure to silver have also performed well year-to-date. Let’s take a closer look.
What’s the World Gold Council Advising on Gold?
Some investors seem to prefer putting their money in gold lately. The World Gold Council is optimistic on gold due to negative interest rate policies of major economies.
How Barrick Gold Plans to De-Lever Its Balance Sheet in 2017
Barrick Gold has reiterated that strengthening its balance sheet is its top priority. The company achieved debt reduction of $2.0 billion in 2016.
Will silver prices break below key support?
Market sentiments for silver prices are bearish and bullish traders could see resistance at silver prices at $16.50 per ounce levels.
Would You Buy a Silver or Gold Nest?
Often, haven bids for gold outnumber bids for silver. But the recent surge of silver has proved differently.
Indicators Point to Firming in Inflationary Conditions
The core Consumer Price Index, excluding food and energy prices, shows some firming in inflationary conditions. The Core CPI has ticked upward for the last three straight months.
Why Silver Miners’ Stock Performance Has Diverged in 2017
It’s important for investors to keep tabs on analysts’ recommendations and ratings, as they are market sentiment indicators. In this series, we’ll look at recommendations and ratings for silver miners.
Is the Gold-Silver Ratio Headed South?
The gold-silver ratio was trading at 78.7 on Monday, April 11, 2016. The gold-silver ratio is trading close to its 100-day moving average.
Silver Stocks: Keeping Up with Analyst Rating Changes
Following the recent strong run in silver (SLV), several analysts have commented on silver miners (SIL), as we’ll see in this part of the series.
Why Did Silver Outperform Gold in 2016?
While the last two months of 2016 chipped away a large part of the gains made by precious metals, silver outperformed gold on a yearly basis.
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.
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%.
Silver prices could break the support of $15.50 per ounce
Prices settled just above the important support level on March 9, 2016. The April futures for silver might test the next key support of $15.50 per ounce.
Technical Indicators in Silver: An Oversold Position in 2017?
Coeur Mining (CDE), Hecla Mining (HL), and Pan American Silver (PAAS) are trading 3.3, 7.9%, and 2.6%, respectively below their 50-day moving averages.
How Are Silver Prices Influencing Major Silver Miners?
Silver miners have shown a significant correlation to gold prices at 0.90 since the start of 2013. Silver prices have a strong correlation as well.
Silver prices retreat from the key support for the third day
The falling wedge pattern could be seen in the May silver futures contracts. Silver prices were trading at the lower part of the wedge pattern on March 10, 2015.
Understanding Senior Gold Miners’ Commodity Exposures after 2016
Product composition exposes miners to various types of commodities, which can impact their revenues and profitability.
Asset class analysis: Measuring up TIPS as an inflation hedge
I’m not that enthusiastic about this asset class because TIPS are currently not cheap. In fact, in this environment the real return on a TIP, i.e. how much money an investor gets back after inflation – is actually negative.
Are Technical Indicators Pointing to a Pullback in Silver Mining Stocks?
Among the five major silver miners under discussion in this series, only Pan American Silver has given positive stock returns in the trailing-three-month period.
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.
Must-know fundamentals about the US Consumer Price Index
The Bureau of Labor Statistics (or BLS) developed the U.S. CPI in 1913 to measure the change in prices.
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.
Must-read: Why the US economy is strengthening
I anticipate that the weak August payroll report will be revised higher and that inflation should firm. Along with their revised expectation of the path of policy rates, Fed officials seem to be on the same page as me.
What Led to the Revival of Precious Metals in January 2017?
Gold prices edged higher once again on Friday, February 3, 2017. On February 2, gold touched $1,219.40 per ounce, its best price since November 2016.
5 signs from the Fed statement of a sooner-than-expected rate hike
If I had to weigh in on the debate, I’d say the September Federal Open Market Committee (or FOMC) policy statement was “hawkish.”
The Technicals for Precious Metals in February 2018
All four precious metals rose significantly on February 22 after pricing in the effects of the Fed minutes on the previous day.
Assessing Silver and Gold in 2015
Silver was the second best-performing precious metal in September, advancing by 11.40% on a 30-day trailing basis. But October has seen negative returns.
Why Wage Growth Continues To Stay Low
Research shows that another cause for why wage growth continues to stay low is that employers are reluctant to reduce wages.
Understanding Mining Correlation Trends So Far in 2017
The iShares Gold Trust (IAU) and the iShares Silver Trust (SLV) have seen massive YTD (year-to-date) gains of 12.1% and 14.8%, respectively.
Recommendation: Do your homework and choose your bonds wisely
There are still very few bargains out there for people buying bonds, and some areas of the bond market are more vulnerable to rising rates than others.
Janet Yellen Shares Views on Rate Hike, Gold Falls to 15-Week Low
Gold and other precious metals plummeted on Friday. Gold, silver, platinum, and palladium fell by 0.54%, 0.42%, 1.4%, and 0.7%, respectively.
Where Is the Gold-Silver Ratio Headed?
The rise in the haven bids in 2016 has caused a jump in the price of gold by close to 17%. However, silver has increased only 8.3%—almost half the rise in gold.
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.
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.
China’s Yuan Devaluation Raises Concerns of Currency Wars
China’s recent devaluation of the yuan by ~1.9% sent ripples through global equity markets. The yuan’s devaluation could have an adverse effect on the Fed’s possible interest rate hike.
How Did Rate Hike Fears Move Precious Metals?
Gold futures for February expiration slipped 0.3% and traded at $1,155.2 an ounce.
Is Gold Still Taking Cues from Downturn in Equities?
Gold and silver have seen positive yields over the past five trading days.
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%.
A Beginner’s Guide to Gold and Silver Investing
Investing in silver and gold isn’t for everybody, but precious metals can be a great option. Learn more about your options—from physical metals to ETFs.
Jeffrey Gundlach: How to Survive the Market Zigzags in 2019
Jeffrey Gundlach expects 2019 to continue to be a volatile year. The last quarter of 2018 was quite volatile after a prolonged calm in the markets.
Impending increase in interest rates to affect bonds negatively
Historically lower interest rates. In our opinion it’s inevitable that interest rates are going to rise, and have a potentially negative effect on bonds.
Recommendation: Go beyond traditional stocks and bonds
Finally, it’s worth considering incorporating non-traditional, or alternative, strategies into your investing arsenal. With such investments, you can potentially enhance diversification and amplify your portfolio’s growth potential.
Is gold no longer an inflation hedge?
Gold certainly can be an inflation hedge, and it has worked in the past. Obviously, one of the reasons gold has been weak of late is that people are becoming less concerned about inflation.
Must-know: Is gold losing its shine?
Gold (GLD) (IAU) has declined by almost 8% in the last 12 months. Gold usually does well when the equity markets (IVV) are troubled. Gold has an inverse relationship with the U.S. dollar (or UUP). When the U.S. dollar weakens, investors turn to gold for value storage.
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.
Why you should avoid commodities in a rising rate environment
Other commodities have suffered as well: Most agricultural commodities are down between 5% and 10% year-to-date, and oil prices have slid on less angst over Iraq and the Middle East.
Must-know: Inflation fighting investments
One of the strongest drivers of fair trade in gold (or IAU) is real interest rates.
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.
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.
Must-know: Implications of inflation and the necessity of TIPS
In order to eliminate inflation risk for investors, the U.S. Treasury introduced TIPS in 1997—TIPS protect the value of debt securities from eroding due to inflation.
The FOMC policy statement shows-toned down “dovish” phrases
Back in March, Chair Yellen, perhaps mistakenly, said that a “considerable time” was six months. Then, at her September press conference, she said “a considerable time” isn’t mechanical.
Why the Swiss National Bank removed the cap against the euro
A cap was put in place to stop the currency’s appreciation. An appreciating local currency is detrimental to exporters.
Why ETF holdings in precious metals spiked after the SNB’s move
Outflows from ETFs led to an ~28% fall in gold prices in 2013. As a result, it’s important for investors to monitor changes in ETF holdings.
Will the iShares Silver Trust ETF continue its recent rally?
The rally had pushed silver ETFs such as the iShares Silver Trust ETF (SLV), the ProShares Ultra Silver (AGQ), and the Silver Trust ETF (SIVR) higher.
Must-know: Will the SPDR Gold Shares ETF hit $133.10?
The recent rally of gold and silver has reflected in ETFs like the SPDR Gold Shares ETF (GLD) and the iShares Silver Trust ETF (SLV).
Pan American to Buy Tahoe Resources in $1.07 Billion Deal
Pan American Silver Corp. (PAAS) announced today that it has agreed to buy Tahoe Resources (TAHO) in a $1.07 billion cash and stock deal.
What Synergies Does Newmont Expect from Merger with Goldcorp?
Increased shareholder returns were the main motivation behind the Newmont Mining and Goldcorp merger.
How Do Gold Miners’ Leverage Ratios Look?
Barrick has reduced its debt more than 57% in the last four years from $13.4 billion at the end of 2014 to $5.7 billion at the end of 2018.
Buffett on Gold: ‘Magical Metal’ Is No Match for ‘American Mettle’
Warren Buffett’s disdain for gold is well known. Once he said, “It doesn’t do anything but sit there and look at you.”
Why Citigroup Sees Recent Panic as a Buying Opportunity
Citigroup’s US equity strategist, Tobias Levkovich, said that investors have finally entered panic mode after the wild ride at the end of 2018.
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 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.
This Ratio Signals Significant Upside: Should You Bet on Silver?
While the SPDR Gold Trust (GLD) has fallen 4.8% year-to-date, the iShares Silver Trust (SLV) has fallen 14.6% in the same period.
A Look at Gold Miners’ Financial Leverages after Q3 2018
Barrick Gold (ABX) and Newmont Mining (NEM) have come a long way as far as their financial leverages are concerned.
What Investors Should Know as Trade War Muddies Economic Outlook
Trade wars muddying US economic outlook Another factor impacting the US (SPY) growth outlook is the unfolding of the trade war between the US (SPY) (DIA) and China (FXI). The US has already imposed three rounds of tariffs on Chinese imports covering a total of $250 billion worth of imports, which have been met with […]
Is the Barrick-Randgold Merger Enough of a Reason to Bet on ABX?
On November 5, more than 99% of ABX’s shareholders approved its all-stock acquisition of GOLD.
IMF Downgraded Global Growth Outlook due to Trade Tensions
The International Monetary Fund (or IMF) cut its estimates for global growth for this year and for 2019, citing trade tensions between the US and its trading partners.
Why Coeur Mining Has Climbed the Ranks among Analysts
Year-to-date, Coeur Mining (CDE) has almost matched the performance of the Silver Miners Index (SIL) with losses of 25%.
What’s Baked into Analysts’ Pan American Silver Ratings?
Pan American Silver (PAAS) stock has outperformed its peers as well as silver prices YTD.