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What Led to the Decline in Gold and Silver?

2018-01-22 editors.aws.marketrealist
Gold prices retreated from their four-month high of $1,340 and slipped 0.81% on Wednesday, January 17. Gold futures for January expiration ended the day at $1,338 per ounce. Silver also declined about 1.1% and closed at $17.1 per ounce. Palladium was up almost 1.9% on Wednesday, trading at $1,118. The metal hit its record high of $1,138 an ounce on Monday and retreated later. Platinum was up marginally by 0. (23-0)

Reading the Performance of Mining Shares amid Surging Metals

2018-01-19 editors.aws.marketrealist
On January 12, 2018, precious metals were once again on a rising streak, which also led to increasing prices for mining shares. In this article, we’ll look at the implied volatility and RSI readings of precious metal mining companies. We have selected B2Gold (BTG), Goldcorp (GG), Gold Fields (GFI), and Wheaton Precious Metals for our analysis. (3-0)

Gruyere gold project construction on track

2018-01-17 australianmining.com.au
The Gruyere joint venture between Gold Fields and Gold Road Resources in Western Australia is on target to pour first gold in the March 2019 quarter, with construction about one-third complete. (7-0)

From Laggards To Outperformers: A Look At The S&P Index Composition

2018-01-16 seekingalpha
Goldman Sachs published a 26-year study of historical prices in the U.S., showing a strong tendency for laggard stocks in the S&P 500 to outperform in the subsequent year. Sample population is based on North America coverage of approximately 900 stocks. (80-0)

Gold and Silver Retreat, Taking Down Miners and Funds

2018-01-11 editors.aws.marketrealist
On Tuesday, January 9, 2018, the price of gold declined again. Gold futures for January expiration fell 0.52%, and gold ended the day at $1,311.70 per ounce. The RSI (relative strength index) level also fell with the decline in the price of gold. The RSI level was 86.3. (40-0)

UPDATE 2-South African rand slumps to 2-week low after ANC says no discussions on early Zuma exit

2018-01-10 reuters
JOHANNESBURG, Jan 10 (Reuters) - South Africa’s rand weakened as much as 1.7 percent on Wednesday to its worst performance in nearly three weeks after the ruling African National Congress said an early exit for President Jacob Zuma had not been discussed at a party meeting. (10-0)

Intermin Resources appointment to enhance gold operations

2018-01-10 proactiveinvestors.com.au
Intermin Resources Limited (ASX:IRC) expects to support development of its gold project pipeline through the appointment of a new chief operating officer. (1-0)

How Will Inflation Expectations Play on Gold in 2018?

2018-01-08 editors.aws.marketrealist
As discussed in the previous part of this series, the Fed is keenly looking at inflation data to decide on the frequency of rate hikes in 2018. While the Fed kept on stating for some time that the weaker inflation data is transitory, recently it said low inflation is “a mystery” and an “unexplainable surprise.” (30-0)

Gold Prices Start 2018 on a Strong Note: What’s Next?

2018-01-08 editors.aws.marketrealist
In 2017, gold prices returned ~13% in addition to a return of 8.0% in 2016. 2017 represented the best annual gain for gold (GLD) since 2010. Still, its relative performance seemed to lag behind. The S&P 500 gained ~20%, and the Dow Jones Industrial Average Index returned 25%, while overall volatility remained pretty low. (8-0)

A Bounded Relationship of Gold and the US Dollar

2018-01-08 editors.aws.marketrealist
Just as we saw in 2017, precious metals closely follow the fluctuations in the US dollar. Precious metals are dollar-denominated assets, which means that they are priced in the dollar. So, an investor who wishes to buy gold should first buy the dollar. (5-0)

How Miners Correlate to Gold

2018-01-03 editors.aws.marketrealist
Gold is regarded as the most influential precious metal, and most miners follow its price trends. For our correlation analysis, we are comparing the mining stocks to gold. In this part of the series, we’ll look at Royal Gold (RGLD), Goldcorp (GG), Sibanye Gold (SBGL), and Gold Fields (GFI). (3-1)

Gold Fields Funding Internally On Heavy Growth Capex

2018-01-02 seekingalpha
Headquartered in Johannesburg, South Africa, Gold Fields Ltd (NYSE:GFI) holds gold reserves in Ghana, Australia, South Africa and Peru. It is also engaged in other related activities such as smelting and surface copper mining. Its South African operation is South Deep. (5-0)

Have Gold Prices Found the Bottom?

2017-12-27 marketrealist
The CFTC (Commodity Futures Trading Commission) releases its COT (Commitment of Traders) report every Friday. It provides a breakdown of open interest in the futures market for each week ending on Tuesday. (17-0)

Can Gold Repeat Its Rally in the New Year?

2017-12-27 marketrealist
Year-to-date, gold prices have risen 9% as of December 18, 2017. Its performance is not what we expected. In 3Q17, gold breached the $1,300 per ounce level when geopolitical tensions between the United States and North Korea came to the forefront. Since then, gold prices have mostly gone downhill. Factors such as a strong US labor market, economic growth, recovery of the US dollar (UUP), and Congress passing the US tax reform bill were the main factors that led to the weakness in gold. (13-0)

Analyst Estimates for Gold Fields: Is Optimism Fading?

2017-12-26 marketrealist
Wall Street analysts covering Gold Fields (GFI) estimate revenues of $2.7 billion for 2017, which is flat YoY (year-over-year). Flat growth is expected to give way to steady growth as more production comes online. In 2018 and 2019, revenues are expected to rise 2.8% and 9.8%, respectively. (11-0)

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