|Bid||23.27 x 16700|
|Ask||23.28 x 2500|
|Day's Range||23.25 - 23.35|
|52 Week Range||18.58 - 25.93|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.51%|
Despite the overall downturn among precious metals on Tuesday, October 17, precious metal mining stocks witnessed a mixed reaction that day.
On October 11, 2017, Randgold Resources, Pan American Silver, Barrick Gold, and Kinross Gold had implied volatility readings of 25.0%, 34.0%, 29.1%, and 41.6%, respectively.
As the market continues to mull the minutes from the latest Federal Reserve meeting vis-à-vis gold, HSBC’s James Steel writes that he doesn’t expect the metal to do much from here, even with what could be seen as bullish news from the Fed. Steel writes that, judging by the minutes, there’s a chance that more members of the FOMC committee could adopt the view that the slowdown in inflation is less transitory than originally thought.
On a YTD basis, First Majestic has the lowest correlation to gold, while Primero Mining has the highest correlation to gold.
The year-to-date stock performances of precious metal miners have been driven more by company-specific factors than by the direction of gold prices.
Gold rallied on Monday, which boosted gold miner ETFs as well. Today, gold is up once again, putting it on track for its best streak in five weeks. Gold for December delivery is up 0.8% this morning, and ...
Gold spot futures rallied on Monday as the market digested President Donald Trump's latest tweets about U.S.-North Korea relations. Gold exchange-traded notes iShares Gold Trust (IAU) and SPDR Gold Shares (GLD) are up 0.5% so far. Gold mining stock ETFs VanEck Vectors Gold Miners (GDX) and VanEck Vectors Junior Gold Miners (GDXJ) are up about half that.
Positive US economic numbers buoyed expectations of another interest rate hike this year. An interest rate hike would be negative for precious metals.
It's been a turbulent week here in the U.S. from the tragic shootings in Las Vegas to tensions about the Iran nuclear deal and Puerto Rico's devastation, while abroad Spain is bubbling with unrest and ...
If higher cash flows are offered on Treasuries, chances are that investors could switch to yield-bearing assets and desert precious metals.
Gold prices slipped for yet another day on Monday, October 2, 2017, as gold saw its lowest close in the last two months.
September 29 was another down day for precious metal mining stocks, whose reactions often mirror precious metal prices themselves.
Thursday, September 28, was a mixed day for precious metal mining stocks as precious metals (except platinum) saw marginal revivals in prices.
Gold spot futures fell Monday to around $1,278.40 per troy ounce, down nearly 4% since I wrote "Don't Be Dazzled by Gold" early September. I warned that gold mining stocks and the exchange-traded ...
On a YTD (year-to-date) basis, Barrick Gold, Cia De Minas, and Kinross have risen 3.8%, 18.4%, and 40.2%, respectively, as of September 25.