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What’s Still Keeping a Strong Hold on Precious Metals?

2017-11-16 marketrealist
Gold saw a down day on Wednesday, November 15, 2017, after two sessions of rising prices. Gold futures for December delivery were 0.41% lower for the day and ended at $1,277.70 per ounce. Silver also joined gold and retreated 0.6% to close at $17 per ounce. Palladium was almost flat, falling a marginal 0.05% to end at $985.10 per ounce. Platinum also traded lower for the day and closed at $931.50 per ounce. (8-0)

Two-Thirds Of The Top Primary Silver Miners Suffered Production Decline

2017-11-16 seekingalpha
It has been a rough year for many primary silver miners as two-thirds have suffered declines in production. Also, many high-ranking silver-producing countries are also experiencing a pronounced reduction in their domestic silver mine supply. According to the data put out by World Metal Statistics, Chile's silver production is down 20% in the first eight months of the year, while Australia is down 19%, Mexico declined 2%, and Peru lower by 1%. (19-0)

How Precious Metals Are Moving: The Impact on Funds and Miners

2017-11-15 marketrealist
All four precious metals, except palladium, saw an up day on Monday, November 13, 2017. Gold futures for December delivery rose 0.37% and closed at $1,278.90 per ounce. Silver rose 1% to close at $17.10 per ounce, and platinum rose 0.39% to end at $933.80 per ounce. Palladium fell 0.34%, leaving behind the $1,000-per-ounce territory to close at $989.70 per ounce. (30-0)

A Brief Analysis of Mining Stocks in November 2017

2017-11-13 marketrealist
In this part of the series, we’ll concentrate on the technical readings of key mining shares, including their RSI (relative strength index) levels and call implied volatilities. (10-0)

Gold Fell Due to Economic Numbers and the US Dollar

2017-11-10 marketrealist
Gold fell on November 7 after witnessing a rise of almost 1% the previous trading day. Gold futures for December delivery fell 0.45% on Tuesday—likely due to profit-booking by investors after seeing the gains on Monday. Silver, platinum, and palladium also fell on Tuesday. They fell 1.7%, 1%, and 0.1%, respectively, on Tuesday. (48-0)

How Would a December Rate Hike Drive Gold?

2017-11-08 marketrealist
The Federal Open Market Committee’s (or FOMC) two-day meeting ended on November 1, 2017. The committee kept the interest rates unchanged. It has already raised interest rates twice this year. The decision to keep the rates unchanged in November was widely expected by the market. The Fed, however, noted strong US economic growth and strength in the labor market. It also played down the impact of recent hurricanes, stating that they will not have a longer-term impact on economic activity. (26-0)

Hecla Mining's (HL) CEO Phillips Baker on Q3 2017 Results - Earnings Call Transcript

2017-11-07 seekingalpha
Hello, ladies and gentlemen, and welcome to the Third Quarter 2017 Hecla Mining Company Earnings Call. [Operator Instructions]. As a reminder, this conference is being recorded.

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)

Analyzing the Correlation of Mining Stocks to Gold

2017-11-06 marketrealist
Most of the time, the performances of mining stocks follow precious metals. However, they can deviate. Correlational analysis can give investors some perspective of how mining stocks relate to gold and silver. In this part of our series, we’ll compare Buenaventura Mining (BVN), AngloGold Ashanti (AU), Hecla Mining (HL), and Kinross Gold (KGC). (16-0)

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)

How Gold Companies Have Performed in 2017

2017-10-30 marketrealist
Gold stock indices also traded near their highs for the year, but then followed the gold price lower. During September the NYSE Arca Gold Miners Index (GDMNTR) retreated 6.5%, while the MVIS Global Junior Gold Miners (MVGDXJTR) fell 6.2%. There was little concern over September price weakness at the annual gathering of gold companies and institutional investors at the Precious Metals Summit and Denver Gold Forum. (22-1)

Precious Metals Stocks Update YTD

2017-10-30 seekingalpha
Some of our precious metals mining stock recommendations have comfortably outperformed the Dow and S&P despite a lackluster gold price. (76-2)

Are Mining Shares’ Correlation Readings Falling?

2017-10-25 marketrealist
In the previous part, we discussed mining shares’ technicals. It’s also important to understand the shares’ correlation with gold. In this part, we’ll assess Compania de Minas Buenaventura (BVN), AngloGold Ashanti (AU), Hecla Mining (HL), and Kinross Gold (KGC). (17-0)

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