|Bid||124.69 x 600|
|Ask||124.70 x 2400|
|Day's Range||127.57 - 128.70|
|52 Week Range||114.02 - 129.51|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
Senior gold miners, which are large, established miners with various assets in multiple geographies, usually have lower-risk and highly liquid stocks. While there are variations between different miners, as a group, they usually follow gold prices. Senior miners Barrick Gold (ABX), Newmont Mining (NEM), Goldcorp (GG), and Kinross Gold (KGC) make up a substantial 25.4% of the VanEck Vectors Gold Miners ETF (GDX).
This piece is focused simply on price action and the psychology which shapes it. When we use multiple timeframe analysis, we first consult the longer-term timeframe to develop our overall thesis, and then we drill down to shorter timeframes to develop our plan. Each candle on the chart combines the price action of 10 trading days.
Gold futures decline Friday to suffer their biggest weekly loss in two months, pressured by a jump in the leading dollar index for the week.
Could Gold Catch a Bid if Equities Stay Weak in 2018? The CFTC (Commodity Futures Trading Commission) releases the Commitment of Traders (or COT) report every Friday. While producers hedge the risks associated with physical commodities, swap dealers hedge the risks associated with swap transactions.
The correction in equity markets across the globe in recent weeks has left everyone wondering what led to such a sudden drop. Although there have been calls for a correction for quite some time, the sheer depth and pace of the correction surprised investors. An impressive $13.6 billion was pumped into the SPDR S&P 500 ETF (SPY) during January, followed by the iShares Core S&P 500 ETF (IVV) and the iShares Core MSCI Emerging Markets ETF (IEMG) with inflows of $6.3 billion and $3.2 billion respectively.
Precious metals including gold, silver, and platinum witnessed an up-day in their spot markets on Monday. Gold (GLD) was up 0.5% and closed at $1,339.6 per ounce. Palladium is regarded as an industrial asset, so the overall market slump likely took it lower.
The most crucial determinant in the price movement of precious metals over the past six months has been the US dollar. The US dollar, depicted by the DXY Currency Index (or DXY), was up 0.4% on Monday, February 5, and it also has a five-day trailing gain of 0.28%. The DXY prices the dollar against a basket of six major world currencies.
The strong start to the year was somehow expected for gold prices, given the historical seasonal factors. For more on these rallies, read Market Realist’s series Can Gold Repeat Its Rally in the New Year? Gold started 2018 on solid footing, mainly due to weakness in the US dollar (UUP).
Since the beginning of 2018, platinum has been the top performer among the four precious metals. In this part of our series, we’ll focus on the gold-platinum spread, which analyzes the comparative price performance between these two metals. When analyzing platinum markets, it’s essential to compare the metal’s performance with that of gold, which is the most dominant of the four precious metals. The platinum market has been in short supply for the past few years.
When the market falls and volatility rises, investors may want to hide in bonds and gold, according to CNBC analysis.
“Crypto-mania” and a stock market that goes nowhere but up indicates that a crisis is the last thing on investors’ minds. The economy is at full employment and the personal savings rate has declined from 6% in 2015 to 2.9% in November. There comes a point when investors are all-in, and something happens that triggers a selloff – a geopolitical event, an economic downturn, or a black swan emerges.
Tax reform will add an estimated $1.5 trillion to the deficit over ten years, according to the Joint Committee on Taxation (JCT). In October, the U.S. Treasury Department reported the budget shortfall increased 14% in 2017 to $666 billion, which is equal to 3.3% of GDP. At $16 trillion, public federal debt is 85% of GDP and Harvard University economist Jason Furman estimates debt escalating to 98% of GDP by 2028.
Anyone hoping that Washington D.C. would become fiscally responsible under Republican Party rule has seen their hopes go up in flames, as new tax rules appear likely to drive the U.S. deeper into debt. Some say economic growth created by tax cuts will likely generate more government revenue. In a recent Wall Street Journal article, ex-Congressional Budget Office (CBO) director Douglas Holtz-Eakin stated that he believes tax policy can partially offset costs if it is well designed.