Gold is ending 2022 flat, but miners slide

Eventually Gold is ending 2022 nearly flat (-0.3%) but miners still give way. The HUI gold miners index of US quoted unhedged miners is losing 11.25% over 2022.

Miners recovering

The HUI Gold Miners index has dipped several times over the last two months. The recovery after the last dip on Nov 3 proved to be sustainable.

Diverging price trends of 'white' precious metals

There is a lot of complaining going on about 'white precious metals'. In some cases producers are struggling to remain profitable, let alone to stay afloat. In other cases industrial consumers are trying to find ways to reduce the amount needed of those expensive metals having even multiplied in price.

Worst quarter since 2013-Q2 is ending with a recovery rally

Precious metals have been weakening all summer and the slide aggravated in September. We probably have seen the bottom on Monday. The last week of September, precious metals have been recovering.

Miner crash perpetuated

Never an autumn precious metals and miner rally has been more improbable than in 2022. The July miners crash was only the first stage. The month ended with miners barely following the gold recovery lasting till August 12. The sentiment for precious metals turned sour again, especially last few days as PR's from Jackson Hole don't reveal any softening of the pace of FED rate increases. Those seem now echoed by a similar, though much delayed, stance taken by the ECB.

The July Miner crash

 International tension culminating in the outbreak of the Ukraine war, caused precious metals to spike by end February and the beginning of March. The hesitant first rate FED hike didn't really alter the outlook for the yellow metal. With the benefit of hindsight this was a peak level, hence an ideal exit moment.

Deutsche Goldmesse 2022 in Frankfurt

The Deutsche Goldmesse has been organized on May 27-28, with most video contributions and interviews now being released. Kitco sent over their mining specialist, Michael Mc Crae. A short overview of interviews and contributions.

PDAC starts today

The annual Prospectors & Developers Association of Canada (PDAC) starts its annual convention today in Toronto. An introductory weekend course program has been organized on June 11 and 12.

Vancouver Resource Investment Conference (VRIC) 2022

The Vancouver Resource Investment Conference 2022 has been postponed to May 17-18 in order to enable a life event. January was impossible because of COVID restrictions. The event has been covered by Kitco in a series of videos.

Miners index (HUI) to gold regression impaired.

The linear regression between the HUI miners index and the gold price which was valid since Aug 2018, has come under severe strain since last summer. Permanently negative residuals are a clear statistical indication that the linear relationship is seriously impaired.

Stock price lists: what extra information you can draw from them?

For following up on the miners I often report on, daily closing prices of all quotes do the job. But a wealth of other information can also be added. 

Credit Suisse Global Investment Returns Yearbook 2022

By the end of February many investors are eagerly waiting for the release of the Credit Suisse Global Investment Returns Yearbook. The 2022 edition was announced last Thursday.

Ask the experts — Joe Mazumdar’s and Brent Cook’s Q&A on picking junior stocks

Joe Mazumdar and Brent Cook of Exploration Insights are notorious junior exploration investors, sharing their investment decisions and argumentation in their newsletter.

Rational arguments for selecting precious metal investments

Not many investment experts even consider precious metal mining. Those that do often are tacit about their stock selection rationale. The price performance of most (if not all) precious metal mining funds or ETF's lag that of the metals, moreover with a far higher stock volatility. It seems to be the worst choice possible.