Saturday 29 December 2018
Friday 30 November 2018
Diverging price trends among precious metals
Diverging price trends among precious metals
Precious metals in a downtrend over 2018 is a story of the more obvious. The failing gold rally early in the year and the breakdown of silver leading to a gold/silver ratio now over 86. Platinum is another horror story: longs were lured in a failing rally of this denser precious metal. Yet by mid August, platinum plunged to $767. Even during the four year gold bear market, platinum had not seen such price level. Today (30 Nov), Platinum again is to close below $800/Oz, making the Gold/Platinum ratio rise to 1.533. Two ounces of gold now buy over three ounces of platinum.Wednesday 31 October 2018
Miners once more lagging precious metals
The Randgold - Barrick merger lifted enthusiasm within the mining sector. As the metal turned up with gold breaking and holding above $1200/Oz (despite a rising USD and interest rates creeping up), miners seemed ready for a lengthy rally, especially after HUI/Gold completed an inverted head and shoulders pattern.
Saturday 29 September 2018
The HUI/Gold ratio: what's left in Pandora's box?
Sunday 26 August 2018
Recovery rally doesn't cure the disease
Mid August, the HUI miner index plunged to 139: beneath both the Dec 12, 2017 bottom (175) and the Dec 15, 2016 bottom at 163.5. After Friday's rally HUI now posts at 146.8, which still is well below said bottoms. The recovery rally merely alleviates the pain but it doesn't cure the disease.
Sunday 8 July 2018
Platinum scalp at the shorter's belt
White precious metals lagging gold
Despite gold selling off last few weeks, the damage among "white precious metals" has been worse.
The gold sell-off was discussed last week, as the yellow metal was nearing its December 2017 low, which it eventually equalled on July 2nd.
Wednesday 27 June 2018
Gold bottoming at the December 2017 low
Unlike after previous FED rate hikes, precious metals don't quickly bounce up but continue their losing strike. A stronger USD is only part of the story.
Monday 21 May 2018
Prospectors & Developers Association of Canada (PDAC)
- What should we remember from the PDAC 2018?
- Why didn't I come up with this any sooner?
Tuesday 24 April 2018
Long term performance of Gold Miners
Previous few postings have warned against betting on leverage when investing in gold mining stocks. Miners occasionally outperform when gold rallies really get traction. They sometimes prove a decent investment when a substantial number of influential investors are convinced that the bottom is in for the gold price. However, miners more often lag the metal while it's rising or slide precipitously upon gold weakening. The focus now shifts to statistics on individual miners: both success stories and horrendous nightmares.
Sunday 25 March 2018
What may spark the next miner rally?
Miners lagging the metals has been an understatement.
Even during last week, with gold up over 2.5% on balance, closing at $1346.8 the miner response was quite meek. The HUI gold miners index added 3.33%; admittedly more, yet little convincing.
Even during last week, with gold up over 2.5% on balance, closing at $1346.8 the miner response was quite meek. The HUI gold miners index added 3.33%; admittedly more, yet little convincing.
Wednesday 21 February 2018
Crédit-Suisse Global Investment Returns Yearbook 2018
The second half of February is the time when the new yearly edition of the Crédit-Suisse Global Investment Returns Yearbook (CS-GIRY). is released. The investment community is eagerly looking forward to this publication.
Monday 12 February 2018
Gold miners persistently lagging the metal
The latest downturn of gold brought the yellow metal to a Friday close of $1315.7, easing barely 1.22% over the week and still holding on to a tiny advance year-to-date.
However the HUI plunged 7.17% leveraging gold down sixfold. While miners had been persistently lagging the metals throughout 2017, their decline currently is aggravating.
However the HUI plunged 7.17% leveraging gold down sixfold. While miners had been persistently lagging the metals throughout 2017, their decline currently is aggravating.
Wednesday 31 January 2018
End of the Palladium surge?
The Palladium price surpassed that of Platinum late September. Any precedent dates to the beginning of the century. Since October 10, Palladium has been more expensive than Platinum, widening the gap throughout the rest of 2017.
Labels:
Catalytic converter,
palladium,
PGM metals,
platinum
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