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 […]
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.
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.
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%.
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%.
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.
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 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.
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 […]
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.
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%.
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.
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.
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 […]
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.
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.
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.
As mining companies are known to closely track precious metals, in this article, we’ll look at how a few miners have moved over the past month as well as their technical indicators.
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.
Mining stocks rise When investors park money in the precious metal market, it’s important for them to know how mining stocks are performing. In this part of the series, we’ll review the performance of B2Gold (BTG), New Gold (NGD), Newmont Mining (NEM), and Silver Wheaton (SLW), which have risen 20.7%, 19.7%, 16.2%, and 8.7% respectively, year-to-date. […]
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 […]
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.
