The largest gold miners (+2 Million oz./yr.) have been having a stellar year as Gold rallies to new highs.
As usual, the most levered companies, $AU & $GFI, have been the out-performers.
Barrick $GOLD still underperforming
Showing posts with label GDXJ. Show all posts
Showing posts with label GDXJ. Show all posts
April 14, 2025
April 9, 2025
Gold Just Had Its Best Day Since 2023
Market Updates
GOLD
NEM
ABX
XAGUSD1!
PL1!
News
Gold prices, which had tumbled from record highs over the past week, reversed course and rose roughly 3% today, the biggest percentage jump since October 2023.
Spot gold was up 3.4% at $3,085.50/ounce. At $88.10 a troy ounce, gold futures' daily gain was the precious metal's largest in dollar terms since March 24, 2020, when markets were being convulsed by Covid lockdown orders and investors were fleeing into the haven asset.
Today's move came amid a bond market rout overnight and in the morning, followed by a historic surge in stock prices in the afternoon after President Trump’s reversal authorizing a 90-day pause on new tariffs for many countries—except for China which got hit with a 125% rate, effective immediately.
Silver gained 3.1% to $30.80/oz., Platinum slipped 1.2% to $931.87, and Palladium was up 1.9% at $923.75
U.S.-listed shares of South African miners: Gold Fields 
GFI up 7.5%, AngloGold Ashanti 
AU rises 8.9%, Harmony Gold 
HAR jumps 13.8% and Sibanye Stillwater SW.N> soars nearly 19%
Shares of Canadian miners: Kinross Gold 
K and Agnico Eagle Mines 
AEM up 7.6% and 4.5%, respectively.
July 8, 2021
#Gold - #GoldenCross at hand?
The daily chart of the gold futures shows the 50-day moving average (blue line) crossing the 200-day moving average (red line).
This is called a golden cross. The golden cross is a technical chart pattern indicating the potential for a major rally.
The MACD (lower chart) is very oversold and crossing the red line. This supports higher prices. The Relative Strength (RSI) (upper chart) is also pointing higher.
There's a feeling that the gold price is currently being held back by silver prices, as the July silver futures contract is in the delivery month and the open interest, which is high, indicates holders of the contracts are demanding delivery. 😥
The 30-minutes Silver Chart (1 bar every 30 minute), shows how the Big Boys are putting pressure on silver prices for this very purpose. Once this is done, we could expect higher prices for Gold & Silver across the board.
Stay tuned!
May 17, 2021
#GOLD: Getting ready to break out —UPDATED! $GLD
GOLD looking to break through the 200 Day Moving Average.
The 20 Day Moving Average has also crossed the 100 Day Moving Average to the upside portending better times ahead for the "Barbarous Relic".
That’s what it looked like this morning May 17, 2021 before Gold broke out.
This is what it looked like after:
Looking bullish!
See more Metals Charts here:
June 22, 2020
Will #Gold #miners struggle to maintain 2019 production levels?
Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programs halted or cancelled and project disruptions hampering production, will Gold miners struggle to maintain 2019 production levels, as Wood Mac says?
May 18, 2020
Is #Gold Setting Itself Up For A Fall? #HeadAndShoulders? $GLD
Gold Ain't Looking So Hot After Today's Slam Down…
Looks like a HeadAndShoulders Threatening Formation ?
March 12, 2020
#Gold has given back most of 2020's gains, still much better than the $SPX...
March 4, 2020
After the Fed's 0.50% rate cut, #Gold remains strong.
Tags:
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GDXJ,
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Gold,
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bit.ly/MasterMetalsCharts
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MasterMetals
@MasterMetals
March 2, 2020
#Gold's Slump Unlikely to Signal End of Rally
Tags:
GDX,
GDXJ,
GLD,
Gold,
Hedge Funds,
Metals,
Mining,
mining stocks,
Precious Metals
We've been here before. In 2008 Gold dropped before marching higher to record $1920/oz three years later.
Gold's Swoon Echoes Financial Crisis Blip
The conditions are still there for an extended rally.
In times of coronavirus panic, even havens can be unreliable.
Gold closed off February on a tarnished note, ending last week with its steepest daily decline since 2013. As financial markets panicked over the spread of the pneumonia-like illness, stocks tumbled and dragged gold and other precious metals lower. That's a rare phenomenon for a metal that tends to shine brighter when everything else looks gloomy. It will also be a brief one.
Back in 2008, spot gold fell by more than a quarter between July and late October, before embarking on an unprecedented run toward $1,900 an ounce, once global rate cuts began in earnest.
#Gold recovering from Friday’s sell-off this AM. #MasterMetals #Charts $GLD
Tags:
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Gold,
MasterMetals,
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Silver
#Gold trading Back above $1600/oz.
bit.ly/MasterMetalsCharts … $GLD
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MasterMetals
@MasterMetals
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MasterMetals
@MasterMetals
February 28, 2020
#Gold getting slammed.
bit.ly/MasterMetalsCharts
#B2Gold Reports Strong Fourth Quarter and Full-Year 2019 Results and Record 2019 Annual #Gold Production of 980,219 Oz; Declares Dividend for First Quarter 2020
Tags:
GDXJ,
Gold,
mining stocks
In 2020, the B2Gold is forecasting total gold production of between 1,000,000 and 1,055,000 ounces.
February 6, 2020
As #Gold prices rose in 2019, investors jumped into #ETF’s | World @GoldCouncil
Tags:
central banks,
China,
ETF,
GDX,
GDXJ,
GLD,
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India,
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Huge rise in ETF inflows almost equalled the sharp drop in consumer demand in 2019
Highlights
Annual gold demand in 2019 dips 1% to 4,355.7t
Total fourth quarter demand fell 19% y-o-y to 1,045.2t. Two main contributors to the y-o-y drop were jewellery and physical bar demand, both of which reacted to the elevated gold price. In US dollar value terms, the decline in Q4 demand was much shallower – down just 3% to US$49.7bn.
Inflows into global gold-backed ETFs and similar products pushed total holdings to a record year-end total of 2885.5t. Holdings grew by 401.1t over the year, with 26.8t added in Q4. Inflows were heavily concentrated in Q3 as the US dollar gold price rallied to a six-year high.
Central banks were net buyers for a 10th consecutive year: global reserves grew by 650.3t (-1% y-o-y), the second highest annual total for 50 years. Purchasing in Q4 of 109.6t was 34% lower y-o-y, although this was partly a reflection of the sheer scale of buying in 2018.
China and India held sway over global consumer demand.
January 15, 2020
"Ratio of share price-to-free cash flow among senior #Gold #Miners...still hasn’t caught up to the gold price...more room to run" for #miningstocks $GDX $GLD
Tags:
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"The price increase, combined with capital discipline among the larger miners, is generating a bonanza of free cash flow while mergers could spark share gains among smaller players, according to five precious metals fund managers interviewed by Bloomberg.
"After more than $20 billion in mergers and acquisitions among large-cap miners last year, small and medium-sized companies could be next, providing another reason to buy."
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MasterMetals
@MasterMetals
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