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Mining Stocks: Analyzing Correlation Trends

2017-11-16 marketrealist
Mining stocks’ performance usually depends on precious metals’ performance. However, the two can deviate. Correlation analysis can give investors some perspective on how mining stocks relate to gold and silver. (51-0)

Rising Yield’s Impact on Gold

2017-11-15 marketrealist
Gold futures for December delivery were down yesterday, touching the day’s low of $1,269.7 per ounce and ending the day at $1,282.9 per ounce. Call-implied volatility in gold was 9.3%. Call-implied volatility measures fluctuations in the price of an asset, given the changes in the price of the call option. Silver also joined gold’s league and rose 0.15%. Platinum and palladium were trading low for the day, falling 0. (20-0)

Silver Spruce Provides Update on Pino de Plata Project Plans for Maiden Drill Program

2017-11-15 marketwired
BRIDGEWATER, NOVA SCOTIA--(Marketwired - Nov. 15, 2017) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") (TSX VENTURE:SSE)(FRANKFURT:S6Q) is pleased to announce that it has restarted the permitting process for initiating the drill program at its Pino de Plata silver project. The 397-hectare (Ha) project is located in the Sierra Madre Occidental of Western Chihuahua State, Mexico, approximately 15 kilometres west from Coeur Mining's Palmarejo silver project and approximately 12 kilometres due south of the town of Chinipas, Chihuahua State, Mexico. (25-0)

Yield Changes for Precious Metals: What Could Be the Impact?

2017-11-15 marketrealist
If we look beyond the dollar influence on precious metals, we can analyze how the probability of an interest rate hike could influence precious metals and their miners. U.S. Treasury yields rose on Friday, peaking the yield curve as dealers reduced their holdings. (18-0)

Directional Trend in Correlation of Miners: An Analysis

2017-11-15 marketrealist
A study of the correlation of mining shares to gold is important since it gives investors an idea of the directional move of miners compared to gold. (23-0)

Northern Empire Resources Plans To Significantly Expand Its Resource Base

2017-11-14 seekingalpha
Northern Empire Resources (OTCPK:PSPGF) is one gold mining stock which seems to be trading under the radar. That means that it's still cheap for investors to buy. When I look into a miner there are four criteria that determine the quality of a project: management, resources, funding, location. (12-0)

Paramount Gold Offers Tremendous Value

2017-11-09 seekingalpha
Paramount Gold (NYSEMKT:PZG) owns a 100% interest in the Grassy Mountain Gold Project in eastern Oregon and a 100% interest in the Sleeper Gold Project in northern Nevada. Over the past few months some subscribers have asked my opinion on the Paramount Gold. I owned the old Paramount Gold & Silver several years before Coeur Mining acquired it in December 2014 for $146 million in stock. As part of that deal, Paramount's non-Mexican assets were spun-off to management. (44-0)

Here’s How US Economic Growth Could Impact Gold Prices

2017-11-08 marketrealist
While hurricanes negatively impacted the US job market in September, the job market accelerated in October 2017. Employers added 261,000 jobs in October, which is the highest in more than a year. This rebound was expected after the hurricane impact in September. The leisure and hospitality sector, which lost 102,000 jobs in September, gained back 106,000 jobs in October. The US’s unemployment rate also fell to 4. (35-0)

Could the New Fed Chair Be Beneficial for Gold and Its Miners?

2017-11-06 marketrealist
Most market participants have been waiting for the nomination of a new Fed chair, which could substantially influence the movement of interest rates. On November 2, 2017, President Donald Trump appointed Jerome Powell as the new Fed chair, which could be dovish for interest rates. (44-0)

Precious Metals’ Performance on the Last Day of October

2017-11-01 marketrealist
Gold, silver, and platinum had a down day on Tuesday, October 31. However, palladium rose 1.7% to $979.20, recording a whopping 42.6% YTD (year-to-date) gain. Gold futures for December expiration fell 0.56%, closing at $1,270.50 per ounce. Silver was the biggest loser among precious metals, falling 0.91% and closing at $16.70 per ounce. Platinum ended at $917.80 per ounce, falling 0.33%. (51-1)

Silver Mining Stock Technicals as of Last Week

2017-10-31 marketrealist
On Monday, October 26, precious metal mining stocks showed a mixed reaction despite the downward price movement in precious metals. In this part of our series, we’ll assess the moving averages and the returns of key mining stocks, using the performances of four select silver-based mining shares: First Majestic Silver (AG), Silver Wheaton (SLW), Coeur Mining (CDE), and Hecla Mining (HL). (18-1)

What Affected Gold on October 27?

2017-10-31 marketrealist
Gold futures for December expiration were 0.17% higher on Friday after touching their one-month low of $1,263.8 an ounce. Gold closed at $1,271.8 per ounce. Silver, platinum, and palladium were down for the day. They dropped 0.35%, 0.84%, and 1%, respectively. All the four mining stocks we’re covering in this series continue to have a five-day trailing loss. (69-1)

What Technical Indicators Are Saying about Miners

2017-10-31 marketrealist
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How Mining Stocks Have Moved in October 2017

2017-10-27 marketrealist
Precious metals had a mixed reaction on Wednesday, October 25, 2017, and so did mining stocks. In this series, we’ll look at some technical details of mining stocks such as moving averages and YTD (year-to-date) three-month returns. We’ll compare the performances of Agnico-Eagle Mines (AEM), Coeur Mining (CDE), Barrick Gold (ABX), and AngloGold Ashanti (AU). (49-0)

What’s Affecting Gold Prices?

2017-10-24 marketrealist
Gold prices failed to hold on to the rally they saw on Thursday, October 19, and fell on Friday, October 20. Gold was down 0.74% on Friday and ended the day at $1,278.6 an ounce. Among other precious metals, silver also joined gold in its drop, falling 1% to end at $17.1 an ounce. Platinum rose marginally by 0.1% to close at $924.4 per ounce. Palladium jumped 1.8% and had a 30-day trailing gain of 6. (25-0)

CUSIP: 192108904