Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
Will Biden’s Neo-Populist Economic Doctrine Support Gold? - 25th Sep 21
Markets Deflationary Winds Howling - 25th Sep 21
Crude Oil Price Piercing the Sky: Where Will We See the Black Gold by Xmas? - 25th Sep 21
Cryptocurrency policy choices and consequences - 25th Sep 21
The Next Emma Raducanu UK Tennis Star Pleasing the Crowds at Millhouses Park Sheffield - 25th Sep 21
Stock Market Rescued by the Fed Again? - 24th Sep 21
Are Amazon Best Cheap Memory Foam Mattresses Any good? Bedzonline £69 4ft Small Double ECO Example - 24th Sep 21
Evergrande not a Minsky Moment - 24th Sep 21
UK Energy Firms Scamming Customers Out of Their Best Fixed Rate Gas Tariffs - 23rd Sep 21
Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Should School Children be Jabbed with Pfizer Covid-19 Vaccine To Foster Herd Immunity? - UK - 23rd Sep 21
HOW TO SAVE MONEY ON CAR INSURANCE - 23rd Sep 21
Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
Trading Crude Oil ETFs in Foreign Currencies: What to Focus On - 22nd Sep 21
URGENT - Crypto-trader event - 'Bitcoin... back to $65,000?' - 22nd Sep 21
Stock Market Time to Buy the Dip? - 22nd Sep 21
US Dollar Bears Are Fresh Out of Honey Pots - 22nd Sep 21
MetaTrader 5 Features Every Trader Should Know - 22nd Sep 21
Evergrande China's Lehman's Moment, Tip of the Ice Berg in Financial Crisis 2.0 - 21st Sep 21
The Fed Is Playing The Biggest Game Of Chicken In History - 21st Sep 21
Focus on Stock Market Short-term Cycle - 21st Sep 21
Lands End Cornwall In VR360 - UK Holidays, Staycations - 21st Sep 21
Stock Market FOMO Hits September CRASH Brick Wall - Dow Trend Forecast 2021 Review - 20th Sep 21
Two Huge, Overlooked Drains on Global Silver Supplies - 20th Sep 21
Gold gets hammered but Copper fails to seize the moment - 20th Sep 21
New arms race and nuclear risks could spell End to the Asian Century - 20th Sep 21
Stock Market FOMO Hits September Brick Wall - Dow Trend Forecast 2021 Review - 19th Sep 21
Dow Forecasting Neural Nets, Crossing the Rubicon With Three High Risk Chinese Tech Stocks - 18th Sep 21
If Post-1971 Monetary System Is Bad, Why Isn’t Gold Higher? - 18th Sep 21
Stock Market Shaking Off the Taper Blues - 18th Sep 21
So... This Happened! One Crypto Goes From "Little-Known" -to- "Top 10" in 6 Weeks - 18th Sep 21
Why a Financial Markets "Panic" May Be Just Around the Corner - 18th Sep 21
An Update on the End of College… and a New Way to Profit - 16th Sep 21
What Kind of Support and Services Can Your Accountant Provide? Your Main Questions Answered - 16th Sep 21
Consistent performance makes waste a good place to buy stocks - 16th Sep 21
Dow Stock Market Trend Forecasting Neural Nets Pattern Recognition - 15th Sep 21
Eurozone Impact on Gold: The ECB and the Phantom Taper - 15th Sep 21
Fed To Taper into Weakening Economy - 15th Sep 21
Gold Miners: Last of the Summer Wine - 15th Sep 21
How does product development affect a company’s market value? - 15th Sep 21
Types of Investment Property to Become Familiar with - 15th Sep 21

Market Oracle FREE Newsletter

Category: Gold and Silver Stocks 2021

The analysis published under this category are as follows.

Commodities

Wednesday, September 15, 2021

Gold Miners: Last of the Summer Wine / Commodities / Gold and Silver Stocks 2021

By: P_Radomski_CFA

Autumn is just around the corner, and while the precious metals tasted some success most recently, the medium-term is still set for a downtrend.

With Fed Chairman Jerome Powell sticking to his dovish guns and U.S. nonfarm payrolls elongating the central bank’s perceived taper timeline, gold, silver, and mining stocks were extremely happy campers. However, with event-driven rallies much more semblance than substance, I warned on Sep. 7 that the rollercoaster of emotions would likely end in tears.

I wrote:

With the 2013 analogue leading the gold miners down an ominous path, the HUI Index and the GDX ETF have rallied by roughly 8% off their recent lows. However, identical developments occurred in 2013, and neither bout of optimism invalided their bearish medium-term outlooks.

And after the GDX ETF and the GDXJ ETF (our profitable short position) plunged by 5.35% and 6.98% respectively last week, summertime sadness confronted the precious metals. Likewise, with more melancholy moves likely to materialize over the medium term, gold, silver, and mining stocks should hit lower lows during the autumn months.

Read full article... Read full article...

 


Commodities

Thursday, September 02, 2021

Bittersweet Truth for Gold Stocks: What You Need to Know / Commodities / Gold and Silver Stocks 2021

By: P_Radomski_CFA

When the Fed entices grown up kids with sweet words, they hit the candy store and stock up on gold, silver, and stocks. A sugar hangover follows.

Beware of the candyman!

With Fed Chairman Jerome Powell performing his usual dovish dance on Aug. 27, gold, silver, and mining stocks were like kids in a candy store. However, with the short-term sugar highs often leaving investors with nasty stomach aches, the sweet-and-sour nature of the precious metals’ performances may lead to pre-Halloween hangovers.

HUI Index: Harbinger of Things to Come

To explain, while the HUI Index invalidated the breakdown below its previous lows, the bullish reversal may seem quite sanguine. However, an identical development occurred in 2013 right before the index continued its sharp decline. Moreover, I warned previously that the HUI Index could record a corrective upswing of 4% to 8% (that’s what happened after the breakdown in 2013) and that it would not change the medium-term implications. And after the index rallied by more than 6% last week, the bounce is nothing to write home about.

Read full article... Read full article...

 


Commodities

Tuesday, August 31, 2021

Gold GDX Stocks, A Proxy for the Precious Metals Complex / Commodities / Gold and Silver Stocks 2021

By: Rambus_Chartology

I’ve been suggesting for some time now that the PM complex is trading at a critical inflection point where they can have a big move in either direction. It may sound like a copout but that is what an inflection point is. Many times at a critical inflection point, in the  case of the PM stock indexes, support can hold beautifully or there can be a false breakout of the the S&R line which can be called a bear trap if the price action trades back above that important trendline.

Tonight I’m going to use the GDX as a proxy for the rest of the PM stock indexes which is showing us a great example of the current critical inflection point. The most basic concept in Chartology is how an important trendline can reverse its role to what had been resistance to support once broken to the upside and vise versa. The psychology behind an important trendline, using the top rail of the 2016 flat top expanding triangle on this weekly chart for the GDX below, is that when the top rail of the flat top expanding triangle was broken to the upside everyone that bought below the top rail is above water. As long as there isn’t a big breach of the top rail most will feel comfortable and not sell.

Every trendline you put on a chart is a support and resistance line, above is bullish and below is bearish. This is why we are always looking for a backtest when we see a breakout of a chart pattern. It doesn’t happen all the time but it does happen enough to always be on guard.

Lets focus on the top rail of the 2016 flat top expanding triangle that starts at the 2016 high and runs horizontally to the right side of the chart. Not many caught the double top that formed just below the 2016 trendline which led to the March 2020 crash low. As you can see there were 3 important touches from below. After the 2020 crash low was put in you can see the vertical rally that ensued but this time the top rail gave way. After several more weeks of moving higher the GDX completed its first backtest which could have been the backtest which would lead to the next important move higher but that wasn’t the case.

Read full article... Read full article...

 


Commodities

Saturday, August 21, 2021

The Rise And Fall Of Gold Stocks / Commodities / Gold and Silver Stocks 2021

By: Kelsey_Williams

The rise and fall of gold stocks is a story of hurt and disappointment. That is because most of the time gold stocks are in decline.

Below are four charts which depict the sad story. Following each chart I will make some brief comments…

Read full article... Read full article...

 


Commodities

Saturday, August 21, 2021

Gold Stocks Break to New Yearly Lows! / Commodities / Gold and Silver Stocks 2021

By: P_Radomski_CFA

Ladies and gentlemen, we have a breakdown! Gold stocks underperformed the yellow metal so much that they reached the lowest levels seen this year…

The HUI Index (gold stocks) broke to new 2021 lows while the USD Index broke to new 2021 highs. Just as I’ve been warning you.

Mining stocks’ extreme weakness relative to gold continued yesterday, and while it may seem like the weakness has to have a limit, this limit is likely still quite far from the markets right now.

Let’s take a look at the long-term HUI Index chart for details.

Read full article... Read full article...

 


Commodities

Wednesday, August 11, 2021

GDXJ Junior Gold Miners Setup A Double Bottom – Looking For A Rally Off These Unique Low / Commodities / Gold and Silver Stocks 2021

By: Chris_Vermeulen

The Junior Gold Miners ETF (GDXJ), fell to lows near $43.06 recently, which matched the low from the end of March 2021, near $43.24. Although these lows are not exactly the same, the span of time between these unique lows and the very close nature of them makes them a Double Bottom setup.

It is very likely that this support level will prompt a new upside price rally in Junior Miners targeting $50 to $52 or higher if the support level near $43 continues to hold.

Read full article... Read full article...

 


Commodities

Sunday, August 01, 2021

Gold Stocks Autumn Rally / Commodities / Gold and Silver Stocks 2021

By: Zeal_LLC

The gold miners’ stocks were whacked hard earlier this summer on a Fed-rate-hikes scare.  That serious anomaly really damaged sentiment, spawning exceptionally-weak seasonal performance in this contrarian sector.  But the bruised gold stocks and the metal they mine have trudged through, making it back to the start of their traditional strong season.  That begins with robust autumn rallies that usually start marching now.

Seasonality is the tendency for prices to exhibit recurring patterns at certain times during the calendar year.  While seasonality doesn’t drive price action, it quantifies annually-repeating behavior driven by sentiment, technicals, and fundamentals.  We humans are creatures of habit and herd, which naturally colors our trading decisions.  The calendar year’s passage affects the timing and intensity of buying and selling.

Gold stocks exhibit strong seasonality because their price action mirrors that of their dominant primary driver, gold.  Gold’s seasonality generally isn’t driven by supply fluctuations like grown commodities see, as its mined supply remains relatively steady year-round.  Instead gold’s major seasonality is demand-driven, with global investment demand varying considerably depending on the time in the calendar year.

This gold seasonality is fueled by well-known income-cycle and cultural drivers of outsized gold demand from around the world.  Starting in late summers, Asian farmers begin to reap their harvests.  As they figure out how much surplus income was generated from all their hard work during the growing season, they wisely plow some of their savings into gold.  Asian harvest is followed by India’s famous wedding season.

Indians believe getting married during their autumn festivals is auspicious, increasing the likelihood of long, successful, happy, and even lucky marriages.  And Indian parents outfit their brides with beautiful and intricate 22-karat gold jewelry, which they buy in vast quantities.  That’s not only for adornment on their wedding days, but these dowries secure brides’ financial independence within their husbands’ families.

Read full article... Read full article...

 


Commodities

Friday, July 23, 2021

Junior Gold Miners: New Yearly Lows! Will We See a Further Drop? / Commodities / Gold and Silver Stocks 2021

By: P_Radomski_CFA

It seems that choosing GDXJ to short the PMs was a good decision – juniors closed the day at new 2021 lows. Will our profits only grow from now on?

Gold’s yesterday’s intraday attempt to rally was not bullish. On the contrary, it was what usually happens right before a big slide. Especially given the USDX’s breakout.

Let’s start with the latter.

Read full article... Read full article...

 


Commodities

Wednesday, July 07, 2021

HUI Gold Stocks: The Illusionist's Trick Left Investors Speechless / Commodities / Gold and Silver Stocks 2021

By: P_Radomski_CFA

The gold miners’ 2021 gains prompted a standing ovation among investors. However, they didn’t notice a magic trick until everything vanished.

The Gold Miners

After the HUI Index plunged by more than 10% and made all of its 2021 gains disappear, the magic trick left investors in a state of shock. But while Mr. Market still hasn’t sawed the HUI Index in half, the illusionist is likely gearing up for his greatest reveal. Case in point: while the Zig Zag Girl captivated audiences in the 1960s, the HUI Index’s zigzag correction leaves little to the imagination. And with the recent swoon a lot more than just smoke and mirrors, the HUI Index’s short-term optimism will likely vanish into thin air.

To explain, despite the profound drawdown, the HUI Index hasn’t been able to muster a typical relief rally. Moreover, with ominous signals increasing week by week, if history rhymes (as it tends to), the HUI Index will likely find medium-term support in the 100-to-150 range. For context, high-end 2020 support implies a move back to 150, while low-end 2015 support implies a move back to 100. And yes, it could really happen, even though such predictions seem unthinkable.

Read full article... Read full article...

 


Commodities

Wednesday, June 09, 2021

Gold Mining Stocks: Which Door Will Investors Choose? / Commodities / Gold and Silver Stocks 2021

By: P_Radomski_CFA

With the current situation suggestive of a Monty Hall problem, investors are clinging to the first, bullish door. But what if a different option is more likely?

The Monty Hall problem is a form of a probability puzzle, and what it shows is immensely unintuitive. Suppose you are on a game show, and you need to choose one of three doors. Behind one of them is a car and behind the others, goats. You pick a door, and then the host (who knows what’s behind them) opens one of the remaining doors, behind which there is a goat. The host now asks: “Do you want to change your door choice for the remaining doors?” So, what do you do?

It turns out that if you change the door, the probability of winning the car increases… two times! You have a 2/3 chance, instead of a 1/3. Tremendously unintuitive, indeed, but what if the same is happening on the market now? With a bullish prospect representing the door of the first choice, and the technicals and fundamentals the host’s help, wouldn’t it be safer to switch the door to win eventually?

Read full article... Read full article...

 


Commodities

Thursday, June 03, 2021

This Chart Shows When Gold Stocks Will Explode / Commodities / Gold and Silver Stocks 2021

By: Jordan_Roy_Byrne

The rebounds in Gold and Silver exceeded my expectations and closed May in a strong fashion, near the highs of the month.

Gold’s monthly close was the third-highest ever. Silver failed to break resistance at $28.50, but its monthly close at $28 was the second-highest in the last eight years.

As noted last week, Gold and gold stocks have perked up in real terms. 

Read full article... Read full article...

 


Commodities

Saturday, May 29, 2021

Silver SIL Global X Silver Miners ETF Fundamentals / Commodities / Gold and Silver Stocks 2021

By: Zeal_LLC

The silver miners’ stocks have mostly been consolidating high since last summer.  While they’ve enjoyed some sharp rallies, those have been within that sideways-grind trend.  That lack of overall upside progress has left this tiny contrarian sector out of favor, with apathy reigning.  But as their recently-reported Q1’21 operating and financial results revealed, silver stocks’ fundamentals and upside potential remain good.

There aren’t many major silver miners in the world, and only a handful are primary silver producers that derive over half their revenues from silver.  With such a small population, there are only a few silver-stock ETFs.  The leading one is still the SIL Global X Silver Miners ETF, which is also this tiny sector’s best benchmark.  But nearing the end of Q1’21’s earnings season in mid-May, it only held $1.3b in net assets.

Following a mighty upleg that peaked in early August at SIL $51.53, the silver stocks have largely drifted laterally since.  But their high trading range has been wide, encompassing both corrections and attempts at new uplegs.  Plenty of speculators and investors are still interested in this obscure sector, as evidenced by an amazing episode in late January.  That catapulted SIL a blistering 23.9% higher in just three trading days!

That was when Reddit’s famous wallstreetbets forum appeared to be starting to discuss engineering a silver short squeeze with massive retail buying.  At the time I wrote a whole essay analyzing that.  For our purposes today, that fascinating event proved that the right catalyst can still ignite big inflows into silver and its miners’ stocks.  Unfortunately SIL resumed correcting after that, slumping on balance into late March.

Read full article... Read full article...

 


Commodities

Monday, May 17, 2021

Gold Mining Stocks Fundamentals / Commodities / Gold and Silver Stocks 2021

By: Zeal_LLC

The gold miners’ stocks have powered higher in recent months, solidifying a strong young upleg.  But the extended-correction low leading into this latest rally has left sector psychology fairly bearish.  Traders are skeptical about gold stocks’ upside potential, wary of another serious selloff.  The gold miners’ just-reported Q1’21 operating and financial results reveal whether their fundamentals support further big gains.

The first quarter of 2021 was rough for the gold stocks.  Their leading and dominant benchmark and trading vehicle remains the GDX VanEck Vectors Gold Miners ETF.  Its $15.3b in net assets in the middle of this week ran 31x bigger than its next-largest 1x-long major-gold-miners-ETF competitor.  During Q1, GDX dropped a sizable 9.8%.  The gold stocks were increasingly out of favor as gold itself also lost 10.0%.

The gold miners actually proved quite resilient last quarter, as the majors in GDX generally amplify gold’s material moves by 2x to 3x.  Still you couldn’t give away gold stocks in early March as their last extended correction finally bottomed at GDX $30.90.  As these miners’ earnings leverage gold price trends, their stocks got sucked into gold’s vexing momentum selloff.  But as that passed, the gold miners caught a bid.

Read full article... Read full article...

 


Commodities

Monday, May 17, 2021

Junior Gold Miners Should be Rallying – What’s Holding Them Back? / Commodities / Gold and Silver Stocks 2021

By: P_Radomski_CFA

Junior miners may soon suffer a breakdown of the short-term support line. So, what’s responsible for their underperformance of gold and stocks?

Today’s technical part of the analysis is going to be brief, as I have discussed multiple things this week and my comments remain up-to-date. There’s not much to add today, and we’ll go over only one technical chart – the one where we have trading positions – the GDXJ ETF chart. Unlike in the previous days, today I’m going to look at it from the more short-term point of view – through the 4-hour chart.

Before looking at it, please note that yesterday’s (May 13) session was relatively boring in the case of gold futures (they ended the day $1.20 higher), and quite positive for the GLD ETF, at least at first sight, as it closed $0.70 higher. The seemingly odd discrepancy between the two is just a result of different times that are taken into account for calculating both markets’ performance. All in all, yesterday’s session was positive for gold.

Read full article... Read full article...

 


Commodities

Tuesday, May 11, 2021

GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? / Commodities / Gold and Silver Stocks 2021

By: P_Radomski_CFA

The GDX and HUI Index are enjoying a blissful moment. With HUI behaving civilly, will the GDX cling to the unrealistic and try to leap to cloud “ten”?

With the GDX ETF punching a hole through its glass ceiling, the senior miners are now witnessing an environment that’s beyond their wildest dreams: sunshine, clear skies and a utopia that’s eluded them since the beginning of the New Year. However, while leaving paradise is often more difficult than arriving, the GDX ETF’s recent vacation is likely coming to an end. And with the senior miners about to resume the daily grind of real life, their optimism will likely fade with the tropical sun.

To explain, while the GDX ETF remains on cloud nine, the HUI Index (a proxy for gold mining stocks ) has already left the resort. With the latter’s long-term outlook still intact and its broad head & shoulders pattern remaining on schedule, I wrote previously that the right shoulder would likely form after the HUI Index reaches 300. And after closing at 301.72 on May 7, the BUGS (after all, HUI is called the Gold Bugs Index) are currently living up to expectations.

Please see below:

Read full article... Read full article...

 


Commodities

Thursday, May 06, 2021

USDX, Gold Miners: The Lion and the Jackals / Commodities / Gold and Silver Stocks 2021

By: P_Radomski_CFA

The USD Index let out a roar heard across all markets. The king of the financial jungle arrived, along with the greenback’s largest single-day gain.

Just as the African landscape sometimes needs to show the strongest of its inhabitants, so does the less remote but equally ferocious financial environment. This time, the USDX seems to have won the fight – its fangs and claws turned out to be the sharpest, and so are the rallies. There is nothing left for gold and its acquaintances than to run through the forest… run.

Sometimes, even jackals need to find shelter to lick their wounds in patience, waiting for a better time to come back to fight. However, they will come back eventually – they always do.

Read full article... Read full article...

 


Commodities

Thursday, April 29, 2021

Gold Mining Stock: Were Upswings Just an Exhausting Sprint? / Commodities / Gold and Silver Stocks 2021

By: P_Radomski_CFA

Indicators are pointing to gold and mining ETFs running out of breath. They don’t seem to have what it takes to the move to the finish line.

Despite gold, silver and mining stocks’ recent corrective upswings, the precious metals are running out of steam. After bursting off of the lows – while failing to recognize that it’s a marathon and not a sprint – the precious metals’ late-week breather signals that their stamina isn’t what it used to be.

Moreover, with false breakouts and sanguine sentiment causing an adrenaline rush that’s likely to fade, the precious metals’ transformation from stalwart to sloth could leave investors feeling increasingly dejected.

Case in point: with the HUI Index (a proxy for gold mining stocks ) already verifying the breakdown below the neckline of its bearish H&S pattern – which didn’t occur until later in 2008 – the miners’ outlook is actually more bearish now than it was then.

Read full article... Read full article...

 


Commodities

Tuesday, April 27, 2021

Gold Stocks Upleg Accelerates / Commodities / Gold and Silver Stocks 2021

By: Zeal_LLC

This young gold-stock upleg is accelerating, with fast-rising prices enticing in more capital.  This sector has surged sharply to multiple major upside breakouts in recent weeks, which is starting to turn skeptics into believers.  Despite their strong upside momentum being chased, gold-stock prices remain far from overbought levels warning of impending selloffs.  This mounting upleg still has great room to power way higher.

Gold miners’ earnings are highly leveraged to prevailing gold prices, which drive this sector’s upleg and correction cycles.  In early March as the last extended gold-stock correction was bottoming, I wrote an essay on gold’s momentum selloff.  It concluded with “the gold-futures selling that ignited all this is finite, and is likely nearing exhaustion.  After that, gold should rally hard.”  We were positioned for a new upleg.

At that major bottoming, the trading books in our newsletters were full of fundamentally-superior gold miners’ stocks.  We added and recommended them leading into that at low prices, when they were deeply out of favor.  A few weeks later, I wrote another essay analyzing the latest quarterly results from the mid-tier gold miners.  They are in the sweet spot for stock-price appreciation potential when gold powers higher.

Read full article... Read full article...

 


Commodities

Monday, April 12, 2021

Another Gold Stocks Upleg / Commodities / Gold and Silver Stocks 2021

By: Zeal_LLC

The gold miners’ stocks suffered a rocky start to 2021, rolling over into an extended correction after a young upleg prematurely failed.  The resulting deeper lows left sentiment overwhelmingly bearish, with this contrarian sector deeply out of favor.  But over the last five weeks or so, gold stocks have powered higher again in another young upleg.  This one has a far-stronger foundation given the underlying gold setup.

The leading and dominant gold-stock benchmark and trading vehicle remains the GDX VanEck Vectors Gold Miners ETF.  It held $14.2b in net assets in the middle of this week, a massive 30.6x bigger than the next-largest 1x-long major-gold-miners-ETF competitor!  Several weeks ago I analyzed the top 25 GDX gold miners’ latest quarterly results, which revealed this sector now enjoys incredibly-strong fundamentals.

While gold averaged $1,876 per ounce in the recently-reported Q4’20, the big GDX gold miners reported average all-in sustaining costs of $1,038 per ounce.  That implied stellar $838-per-ounce profit margins!  That fantastic profitability fueled record revenues, adjusted earnings, operating cash flows, and treasuries at the GDX-top-25 gold miners.  That was their sixth quarter in a row of soaring mid-double-digit earnings growth!

Read full article... Read full article...

 


Commodities

Friday, April 09, 2021

Gold Mining Stocks: A House Built on Shaky Ground / Commodities / Gold and Silver Stocks 2021

By: P_Radomski_CFA

It’s tempting to say that miners are showing strength compared to gold based on the GDX’s performance, but other mining proxies say otherwise.

Just because a house is standing doesn't mean its foundations are solid, and that's exactly the case with the miners.

There’s one extra thing that I would like to point out about mining stocks’ technical picture today (Apr. 8), and that’s their performance relative to gold.

Read full article... Read full article...

 


Page << | 1 | 2 | >>