With the yellow metal well above $1250, miners have rallied from their correction bottom reached mid December 2016. On April 12, the HUI index is up 33% from this mid December bottom, yet from its bear market bottom that adds up to a more impressive 115%. However, from its August rally top the HUI still is down 25%. Following tables shed light on how the individual explorer, developer and mining stocks performed during these hectic days.
Tuesday, 18 April 2017
Tuesday, 21 March 2017
Miners and Gold bullion
There clearly is a good correlation between miners and gold bullion, which doesn't come as a surprise. However, when the much claimed leverage is concerned, it seems to get a bit tricky. There sometimes is upside leverage with miners outperforming a rising gold price. We've also witnessed miners lagging gold in its ascent. Yet invariably, gold retreating implies an ugly decline for gold miners.
Thursday, 23 February 2017
Thursday, 5 January 2017
The precious metal recovery in January last year was led by gold, with the white precious metals - especially silver and platinum - following reluctantly. The idea of a more sluggish growth in China translated into expectations of lower demand for industrial metals. In January 2016, copper quoted at a decade low.