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Gold recently went through a textbook 20% correction, and many quality gold miners got pummeled, dropping by 30-50% or more. While many analysts are modeling gold miners' earnings using stagnant or lower gold prices, the price of gold could move substantially higher in the coming year...
The S&P 500 Materials index closed this trading week with a slight dip of 0.58%. The Materials Select Sector SPDR (NYSEARCA:XLB) also registered a similar drop. A look at the sector's YTD price performance against S&P 500: Copper price rose on Friday followin...
This is a merger arbitrage setup in the gold mining industry currently offering a ~34% annualized return if the merger closes as expected. Gold Fields is buying peer Yamana Gold in an all-stock transaction. The main uncertainty is buyer’s shareholder approval as the transac...
Gold mining supply has fallen 7% from 2016 to 2021, while silver is down 8.5%. The cost of mining gold and silver is far below the current level of prices, which should create an incentive for more investment in the sector. There don’t appear to be a lot of new mines coming...
The VanEck Vectors Gold Miners ETF offers exposure to the world's leading gold miners and is cheap from a historical perspective based on current gold prices. While short-term interest rates are likely to continue rising as the Fed remains focused on high inflation, the bond market is...
Inventories have risen recently and there has been a lot of commentary about how this will negatively impact the economy. My brief overview of markets is that large growth stocks are still overvalued even as they led the recent rally. The sentiment about the economy is still quite...
The materials sector edged higher this week, with S&P 500 Materials index and Materials Select Sector SPDR ( XLB ) both up 4% . Iron ore futures surged over 7% in China on Monday, according to Reuters , extending a previous rally sparked by hopes of an economic rebound...
As the gold price fell in Q2, gold ETFs lost 39t, giving back some of the strong Q1 gains. Central banks continued to buy gold. Recycling activity remained elevated compared with 2021. Gold demand softened in Q2 Despite Q2 weakness, strong first quarter ETF inflows...
Gold fell through the trap door at $1,800 and tested $1,680 last week. Has a bottom been found? Similar to gold, silver fell through several levels of strong support which turns all of those into resistance. Until the miners can gain traction and start powering higher, momentum in...
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...
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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...