Silver Wheaton Corp

Another crucial factor behind precious metals’ rise was the US dollar index, which fell 0.42% on May 10.

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.

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.

In this article, we’ll look at the primary technical readings of a select group of miners.

All four precious metals except palladium saw a down day on Friday, April 20. That led to a fall in most miners’ prices.

The recent unrest in the markets has had a significant effect on precious metals and mining companies.

Initially, the Fed’s decision to raise the interest rate didn’t affect miners and metals much.

On March 6, all four precious metals had an up day, which also led to gains for miners.

There has been much hype about the expected movement of inflation and how the Federal Reserve would react to this.

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.

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 […]

Miners had a good start in 2018. However, they later faced a carnage, mainly due to the rising strength of the US dollar.

At 4:45 AM EST on February 7, the West Texas Intermediate crude oil futures for March 2018 delivery were trading at $63.36 per barrel—a fall of 0.08%.

Precious metals including gold, silver, and platinum witnessed an up-day in their spot markets on Monday.

SLW and ABX saw YTD (year-to-date) losses of 2.8% and 0.83%, respectively, while GG has a YTD gain of 12%.

Gold increased 5.3% and silver rose 5.2% in the previous one-month period.

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%.

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%.

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%.

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.

On January 12, 2018, precious metals were once again on a rising streak, which also led to increasing prices for mining shares.

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.

SLW, GOLD, ABX, and BVN have call implied volatilities of 30.8%, 23.9%, 24.5%, and 30.8%, respectively.

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.

The US dollar rose 0.32% on January 3, which led to a lower price for spot gold and silver. During the last month, the US dollar (UUP) has fallen 0.78%, and gold has risen 2.9%.

Wheaton is above its 100-day moving average, while Coeur Mining and Eldorado are below their longer-term 100-day moving averages.

A gold-silver spread of 77.3 suggests that it requires almost 78 ounces of silver to buy a single ounce of gold.

Crude oil has regained strength in the past week and broke its three-week-long losing streak.

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.

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.

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.

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 […]

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%.

At 6:30 AM EST on December 15, the West Texas Intermediate crude oil futures for January 2018 delivery were trading at $57.34 per barrel—a gain of 0.53%.

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.”

Gold Fields, Wheaton Precious Metals, Pan American Silver, and IamGold have RSI scores of 36.7, 55.2, 41.9, and 44.4, respectively.

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.

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.

Royalty and streaming mining companies (RING) (SIL) have business models that are considered quite conservative because they don’t own mines.

Gold is the most dominant among the four precious metals. It’s important that investors analyze how miners are moving compared to precious metals.

As of November 24, 2017, Goldcorp, New Gold, Silver Wheaton, and Eldorado Gold had call-implied volatilities of 28.9%, 51.3%, 30.8%, and 50.4%, respectively.

Precious metals have been closely associated with the movement of the US dollar over the last few months.

Besides reading the directional move in precious metals prices, it’s also important that we read a few crucial technical indicators for these stocks.

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, […]

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.

During the past 30 trading days, Sibanye Gold and Silver Wheaton have a 30-day trailing gain of 10.5% and 1.3%, respectively.

Precious metal miners saw mixed performance on Tuesday, November 14. Gold and silver saw an up-day while platinum and palladium were low.

In order to analyze the performance of the precious metals market, it’s important to look at the core mining stocks and their technical details.