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The S&P 500 Materials index closed this trading week in green, up around 3% , making it one of the top gainers among 11 sectors. The Materials Select Sector SPDR ( XLB ) was also +2.8% . Copper prices registered their first weekly rise in seven weeks on Friday, a...
Gold futures reversed from earlier losses to finish Thursday at their highest price in more than a week, after the European Central Bank raised interest rates by more than expected, which capped gains in the U.S. dollar. Front-month Comex gold ( XAUUSD:CUR ) for July deliver...
Gold backed ETFs and gold miner funds have come into focus as prices of spot gold ( XAUUSD:CUR ) touched a near 16-month trading low on Thursday. Spot Gold ETFs: SPDR Gold Trust ETF ( NYSEARCA: GLD ), iShares Gold Trust ETF ( NYSEARCA: IAU ), and the Aberdeen...
The Lima-based Compañía De Minas Buenaventura released its second-quarter 2022 production results on July 15, 2022. The company also updated its FY 2022 guidance. Total production was 61,254 Au Oz and 1,880,500 Ag Oz in 2Q22, down from the preceding quarter. I recommend ...
The material sector felt minor contraction this week, with S&P 500 Materials index down 0.98% and the Materials Select Sector SPDR (NYSEARCA:XLB) down 0.30% . Base metal prices fell on Monday, on continuing worries over a potential global recession as well as demand in C...
Steep stock market losses are highly correlated with a tandem material drop in banks/brokerages and gold/silver miners. Such a condition is associated with a liquidity crunch, inverted bond yields on the duration curve, and economic recession. Over the last 15 years, only the late...
From a risk-reward profile, the technical data is signaling a massive skew to the upside in Gold relative to the downside risk. Sentiment is still relatively neutral in Gold but falling fast. The Fed’s tightening policy and the activities of the Bullion Banks continue to pu...
Gold finds support in the $1,800 per ounce range as it enters a transitional stage. At present, the gold mining sector faces a particularly daunting challenge: establishing itself as an investable sector through all market cycles in order to attract a broader investor base. Gold p...
HMY gross margin of 23% is worrying given inflationary trends. A spike in costs on the front end in the absence of growing sales would hurt earnings badly. HMY shares are due for a bounce, but significant overhead resistance may cut the rally short. Intro If we p...
While I personally prefer physical gold as a means to safeguard against growing financial and economic risks, GLD is a convenient way to temporarily increase or reduce gold exposure. GLD moves in tandem with the gold spot price. At the moment, there is a growing list of factors ...
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2024-07-24 06:38:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-02-12 08:26:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2023-12-24 12:10:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...