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Assessing Miners’ Relative Strength Index Scores
Markets were full of geopolitical tensions in April, boosting precious metals and miners’ stock prices.
The Most Crucial Determinant of Gold Prices
Another crucial factor behind precious metals’ rise was the US dollar index, which fell 0.42% on May 10.
How Are Miners Performing Relative to Precious Metals?
Precious metals seem to be in doldrums lately over the strength in the US dollar and the Federal Reserve’s decision to raise interest rates.
How Mining Stocks Are Reacting to Movement in Precious Metals
New Gold (NGD), Agnico Eagle Mines (AEM), Wheaton Precious Metals (SLW), and IAMGOLD (IAG) have fallen 25.8%, 7.4%, 3.7%, and 2.4%, respectively, year-to-date.
Are Miners Moving in Accordance with Precious Metals?
In this article, we’ll look at the primary technical readings of a select group of miners.
What Mining Stocks’ Relative Strength Indicators Suggest
The recent unrest in the markets has had a significant effect on precious metals and mining companies.
How Mining Stocks Have Performed in April So Far
Initially, the Fed’s decision to raise the interest rate didn’t affect miners and metals much.
How Silver Miners Have Performed in March 2018
On March 6, all four precious metals had an up day, which also led to gains for miners.
Could Rising Inflation Boost Gold?
There has been much hype about the expected movement of inflation and how the Federal Reserve would react to this.
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 Mining Stocks Are Moving with Their Technicals
Miners had a good start in 2018. However, they later faced a carnage, mainly due to the rising strength of the US dollar.
How the Latest Economic Numbers Affect Gold
Gold increased 5.3% and silver rose 5.2% in the previous one-month period.
Commodities Are Strong in the Early Hours on January 26
At 4:00 AM EST on January 26, the West Texas Intermediate crude oil futures for March 2018 delivery were trading at $65.44 per barrel—a drop of 0.11%.
Commodities Are Strong Early on January 24
At 4:00 AM EST on January 24, the West Texas Intermediate crude oil futures for March 2018 delivery were trading at $64.50 per barrel—a gain of 0.05%.
Analyzing Commodities in the Early Hours on January 23
At 5:55 AM EST on January 23, the West Texas Intermediate crude oil futures for March 2018 delivery were trading at $63.88 per barrel—a gain of 0.49%.
Is Gold Keeping Tabs on the US Interest Rate?
As we know, precious metals are closely tied to movements in US interest rates. Bonds and equities are both yield-bearing assets, so a rise in yields often causes a slump in demand for assets such as gold and silver.
Reading the Performance of Mining Shares amid Surging Metals
On January 12, 2018, precious metals were once again on a rising streak, which also led to increasing prices for mining shares.
A Brief Analysis of Silver Miners in January 2018
The target prices of the four miners we’re covering in this part are higher than their current trading prices, which could lead to an optimistic outlook on their prices.
How Mining Stocks Have Performed in January So Far
SLW, GOLD, ABX, and BVN have call implied volatilities of 30.8%, 23.9%, 24.5%, and 30.8%, respectively.
Will Gold Move with US Interest Rates?
Though the precious metal prices have been on an upswing over the past few weeks, the streak could end due to the increased probability of Fed rate hikes in 2018.
A Look at the Gold Spreads at the End of 2017
A gold-silver spread of 77.3 suggests that it requires almost 78 ounces of silver to buy a single ounce of gold.
Commodities Were Strong in the Early Hours of December 28
Crude oil has regained strength in the past week and broke its three-week-long losing streak.
Why Analysts Are Positive about Royal Gold’s Future
Due to its solid performance YTD (year-to-date) and bright outlook, Royal Gold (RGLD) is attracting a lot of interest from the analyst community.
A Quick Look at the Performance of Silver Miners in December 2017
Coeur Mining and Hecla Mining have seen a loss in their prices on a year-to-date basis, falling 17.9% and 24.0%, respectively.
Commodities Are Strong in the Early Hours on December 20
Gold and silver are strong early on December 20. The lower global risk appetite and weak US dollar are supporting gold prices in the early hours.
A Correlational Analysis of Miners and Gold in December 2017
Miners’ correlation with gold Gold is regarded as the most important precious metal, and most miners are known to follow its price trends. In this part of the series, we’ll look at Wheaton Precious Metals (SLW), Franco-Nevada (FNV), Coeur Mining (CDE), and Barrick Gold (ABX). The prices of mining-based funds are also closely related to those of […]
Commodities Are Strong in the Early Hours on December 18
At 5:30 AM EST on December 18, the West Texas Intermediate crude oil futures for February 2018 delivery were trading at $57.72 per barrel—a gain of 0.65%.
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.”
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.
Rating the Moving Average Prices of Mining Stocks Today
New Gold and Coeur Mining have seen YTD losses of 14.3% and 22.3%, respectively, while NEM and SLW have seen YTD gains of 1.5% and 8.1%, respectively.
How the Dollar Influences Gold and Precious Metals
The US dollar has fallen almost 9.1% on a YTD basis. The iShares Gold Trust (IAU) and the iShares Silver Trust (SLV) have risen 11% and 2.8%, respectively.
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.
What Are Miners’ Correlation Trends?
Gold is the most dominant among the four precious metals. It’s important that investors analyze how miners are moving compared to precious metals.
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 Mining Stock Performance Suggests
Besides reading the directional move in precious metals prices, it’s also important that we read a few crucial technical indicators for these stocks.
How the Higher Dollar Has Affected Precious Metals
Precious metal slump All four precious metals saw a down day on Monday, November 20. Gold fell 1.6% to $1,275.30 per ounce, after touching a one-month high on Friday, November 17. The fall in precious metals was most likely due to the rise in the US dollar. The US Dollar Index rose 0.45% on Monday. Gold, silver, platinum, […]
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.
The Technical Details of Mining Shares
During the past 30 trading days, Sibanye Gold and Silver Wheaton have a 30-day trailing gain of 10.5% and 1.3%, respectively.
A Quick Look at Miners’ Recent Performance
Precious metal miners saw mixed performance on Tuesday, November 14. Gold and silver saw an up-day while platinum and palladium were low.
Analyzing the Movement of Precious Metal Miners
The gold–silver spread stood at 75 on November 7, 2017, indicating that it took 75 ounces of silver to buy a single ounce of gold on that day.
What Do Changes in Gold ETF Holdings Mean for Gold Prices?
Investors looking to gauge the gold price outlook should monitor the flows into and out of the gold ETFs.
Analyzing Mining Shares’ Correlation Movement
When investors want to park their money in miners, it’s crucial that they analyze the correlations of mining stocks with gold.
The Direction Mining Shares Are Moving after Fed Chair Selection
Precious metal miners saw a mixed performance on Thursday, November 2, 2017. In this series, we’ll look at some technical details of mining stocks.
Reading Key Mining Stock Movements at the End of October
Newmont Mining and Silver Wheaton have gained 6.3% and 9.8% YTD, respectively, while Goldcorp and Alamos have lost 1.6% and 5.1%, respectively, YTD.
A Look at Mining Stocks’ Price Movement
Mining stocks’ reaction On Tuesday, October 31, precious metal mining stocks fell, following precious metals. In this part of our series, we’ll look at the moving averages and returns of four key mining stocks: Silver Wheaton (SLW), Hecla Mining (HL), Alacer Gold (ASR), and IAMGOLD (IAG). Hecla Mining and Alacer Gold have fallen 9.9% and 10.3%, respectively, YTD […]
Silver Mining Stock Technicals as of Last Week
AG, CDE, and HL have shown YTD losses of 12%,16%, and 9.2%, respectively. The silver-based Global X Silver Miners Fund (SIL) has a YTD loss of 0.31%.
A Look at the Correlation Trends for Miners
Franco-Nevada and Silver Wheaton have seen an upward trend in their correlations with gold.
Commodities Are Weak amid the Strong Dollar on October 27
At 7:30 AM EST on October 27, the WTI crude oil futures contracts for December 2017 delivery were trading at $52.56 per barrel—a fall of ~0.15%.
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.
Mining Shares: Analyzing a Few Key Technical Details
When investors consider parking money in the mining sector, there are a few crucial indicators that they should watch.
Mining Shares: RSI Numbers and Implied Volatility
As of October 19, Sibanye Gold, Agnico Eagle Mines, Silver Wheaton, and Randgold Resources had implied volatility readings of 63%, 33.6%, 30.8%, and 25%.
How Mining Stocks Are Reacting as of October 17
Despite the overall downturn among precious metals on Tuesday, October 17, precious metal mining stocks witnessed a mixed reaction that day.
Are Global Fears Controlling Precious Metals?
Ongoing worries in North Korea and political chaos in Washington have been crucial in boosting the prices of precious metals.
How Global Indicators Are Affecting Precious Metals
Gold reached its two-week high price of $1,294.5 an ounce on Tuesday, October 10, and ended the day at $1292.1 per ounce.
How Miners Correlate to Gold
Mining funds that have a strong relationship to precious metals are the Global X Silver Miners (SIL) and the VanEck Vectors Gold Miners (GDX).
Are North Korea Tensions Continuing to Affect Precious Metals?
All the four precious metals saw an up day on Monday, October 9, 2017.
Mapping the Analyst Rating Changes for Royalty and Streaming Miners
Credit Suisse (CS) downgraded Franco-Nevada (FNV) from “outperform”’ to “neutral” on September 25, 2017.
Comparing the Movements of Gold and Silver by Spread Analysis
On October 5, the call implied volatility of gold was 10%, while that of silver was 16.6%.
Wheaton Precious Metals: Number 1 in the Top 10 Precious Metal Stocks
Wheaton Precious Metals trades at a forward EV-to-EBITDA multiple of 16.6x, which is a discount of 19% to the sector average multiple.
Technical Analysis of 4 Mining Shares on Monday, October 2
On October 2, 2017, Silver Wheaton, Randgold Resources, AngloGold Ashanti, and IamGold had implied volatility readings of 30.8%, 25%, 40.9%, and 44.3%, respectively.
How Mining Stocks Performed in September 2017
September 29 was another down day for precious metal mining stocks, whose reactions often mirror precious metal prices themselves.
Commodities Are Mixed in the Early Hours on October 3
At 7:25 AM EST on October 3, the WTI crude oil futures contracts for November 2017 delivery were trading at $50.48 per barrel—a gain of ~0.04%.
A Correlation Study of a Few Key Mining Stocks in September 2017
A correlation analysis is crucial because it gives investors clues about the possible movement of mining stocks in relation to precious metals.
Equity Markets’ Role in Precious Metal Fluctuations
Haven or not? While gold (IAU) (SLV) has an inverse relationship with the dollar, stock markets also have a deep connection to the metal. Investors commonly perceive gold as a haven in the event of a severe stock market downturn. Presumably, when we experience a global market decline, stocks and currencies move downward. Riskier assets become […]
Reading the Technicals of Mining Shares in September 2017
Most mining shares witnessed an up day on Monday, September 25, 2017, as precious metals increased over the ongoing global tensions.
Analyzing Miners’ Technicals in September 2017
On September 22, 2017, First Majestic Silver, Goldcorp, Newmont Mining, and Silver Wheaton had volatilities of 49.1%, 26.7%, 23.5%, and 30.8%, respectively.
Analyzing Relative Valuations for Royalty and Streaming Companies
Among the four major streaming companies we’re looking at in this part, Franco-Nevada (FNV) has the highest forward EV-to-EBITDA multiple of 28.8x, a 35.0% premium to its peers.
How Miners’ Correlation Is Moving in 2017
In this part of our series, we’ll look at the relationships that some miners have with the precious metals they mine.
How the Equity Markets Tracked Gold and Silver This Week
The miners that experienced the greatest losses during the past five trading days were IamGold (IAG), Silver Wheaton (SLW), Goldcorp (GG), and Primero Mining (PPP). These miners fell 7.5%, 6.0%, 6.2%, and 57.5%, respectively.
Analyzing the RSI Movements of Precious Metals
The price movement in precious metals is often closely traced by mining stocks. Before investors opt for mining stocks, they should analyze a few of the crucial technical details.
Analyzing Miners’ Volatilities and RSI Levels
In this part of the series, we’ll look at volatility figures and RSI (relative strength index) scores for major miners.
Commodities Are Mixed in the Early Hours on September 11
At 7:00 AM EST on September 11, the WTI crude oil futures contracts for October 2017 delivery were trading at $47.81 per barrel—a rise of ~0.71%.
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.
How Mining Stocks’ Prices Compare
Precious metals and miners Most mining stocks have risen over the past month with rising precious metal prices. To assess miners’ performance, we can evaluate their moving averages and returns over the long and short term. In this final part of the series, we’ll review the performance of Gold Fields (GFI), Silver Wheaton (SLW), Randgold Resources […]
What Are the Technical Indicators of Mining Stocks?
Most precious metal miners have seen an upswing in prices over the past few weeks. The rises and falls in precious metals are often reflected in mining stocks.
The Correlation Analysis of Miners through August 2017
Silver Wheaton has a three-year correlation of ~0.70 with gold and a year-to-date correlation of ~0.80.
Commodities Are Mixed, Precious Metals Rise in the Early Hours
Crude oil started this week on a weaker note and continued the four-week losing streak. The prices fell to the lowest in a month on Monday.
Commodities Are Mixed in the Early Hours, Weak Dollar Support
Gold (GLD) and silver (SLW) are strong in the early hours on Monday amid weakness in the US dollar and political tension in the US.
Commodities Are Mixed in the Early Hours of August 11
After losing momentum last week, crude oil started this week on a weaker note by pulling back on Monday, August 7.
Commodities Are Strong in the Early Hours on August 10
At 7:15 AM EST on August 10, the West Texas Intermediate crude oil futures contracts for September 2017 delivery were trading at $49.89 per barrel.
What Mining Share Technicals Indicate
On August 2, 2017, Silver Wheaton, Coeur Mining, Barrick Gold, and IamGold had volatilities of 30.8%, 45.6%, 28.1%, and 50.4%, respectively.
Miners: Correlation Trends in August 2017
Silver Wheaton has the highest correlation with gold, while Franco-Nevada has the lowest correlation.
Mining Shares’ Performance in the First Week of August
Most mining shares saw a downturn in their price on August 3 as precious metals also fell. The past few weeks were beneficial for miners.
How Are Miners’ Volatility Numbers Moving?
Precious metal miners closely follow fluctuations in gold. However, on July 27, 2017, gold prices rebounded and many miners fell.
How Precious Metals Have Moved Away from the Dollar
Precious metals once again saw a down day on Thursday, August 3, 2017, except for platinum, which rose 1.1%.
Commodities Are Weaker in the Early Hours on August 7
Commodities are weaker in the early hours on Monday. Crude oil lost momentum last week as oversupply concerns resurfaced in the market.
Commodities Were Mixed in the Early Hours on August 4
At 7:35 AM EST on August 4, WTI crude oil futures contracts for September 2017 delivery were trading at $48.76 per barrel—a fall of ~0.53%.
Commodities Were Stable Early on July 31
Crude oil regained strength last week and rose to two-month high price levels. Crude oil traded with subdued strength in the early hours on July 31.
How the US Dollar Affected Gold
The US dollar has been on a downward swing over the past week.
Which Way Are Mining Technicals Pointing Now?
In this article, we’ll look at the technicals of Agnico Eagle Mines (AEM), Silver Wheaton (SLW), Franco-Nevada (FNV), and Randgold Resources (GOLD).
Unpacking the Technical Indicators for Mining Stocks
Mining stocks have bounced back from the choppy markets we’ve seen over the past month. On July 20, most mining stocks saw upward movements in their prices.
Commodities Were Mixed Last Week, Dollar Lent Support
Copper started this week on a stronger note amid China’s stronger-than-expected economic data. The weaker dollar supported copper last week.
Commodities Are Mixed in the Early Hours on July 21
On July 21, crude oil opened the day lower and traded with weakness in the early hours. The market sentiment is mixed this week amid supply concerns.
How Has Miners’ Volatility Trended in July?
Mining stocks have bounced back from the choppy markets seen over the past week.
Commodities Are Mixed in the Early Hours on July 19
Crude oil opened the week on a mixed note by pulling back on Monday. Oil opened higher on July 19 and traded with strength in the early hours.
Commodities Are Stable Early on July 18
Crude oil regained strength last week amid expectations of improved global demand for oil in 2H17. It opened higher on July 18 and traded with strength.
Mixed Commodities and Weaker Crude Oil in the Early Hours
Crude oil regained strength last week. In the early hours on Monday, crude oil is trading with mixed sentiment and below the opening price.
Commodities Are Strong on July 14, Supported by the Weak Dollar
On Friday, the weaker dollar is supporting commodities. Platinum and palladium are strong in the early hours.
Mixed Commodities and Weak Crude Oil Early on July 13
After gaining for three trading days, crude oil prices are weaker on July 13. Crude oil opened the day with dented sentiment and traded with weakness.