| Gold Rebounded on November 24, Miners Stand By | |
| | |
|
Gold Rebounded on November 24, Miners Stand By Gold futures gained
Gold futures for the most actively traded February contracts gained 0.63% on Tuesday, November 24, 2015. The surge in prices was exacerbated by rising political tensions after Turkish F-16 fighter jets downed a Russian Su-24 fighter jet over the Syrian border that day.
Such political volatility highlights the safe-haven appeal of precious metals. Silver also followed the same route as gold as it gained 0.90% and closed at $14.20 per ounce. Gold and silver are ranked lower than the 24 other commodities listed on the S&P Goldman Sachs Commodity Index (or GSCI). The rout in these prices resulted in their reduced comparative rankings. However, platinum and palladium reacted slightly, as palladium gained just 0.08%.
Technical indicators
Gold, platinum, and palladium have seen equal up and down days during the last five trading days. Gold’s volatility is almost 6% lower than the average ten-day volatility. The leveraged Direxion Daily Gold Miners ETF (NUGT), which tracks the performance of the mining industry, gained 10.90% on Tuesday, November 24. The Direxion Daily Junior Gold Bear ETF (JDST) retreated 7.90% as its bet against gold’s gains.
Mining companies First Majestic Silver Corp. (AG), Royal Gold Inc. (RGLD), and Kinross Gold Corp. (KGC) have lost 11.60%, 30.20%, and 17.20%, respectively, on a 30-day trailing basis. These losses were due to the sliding prices of the precious metals, and these companies are trading well below their 100-day moving average prices.
The RSI (Relative Strength Indicator) for Royal Gold Inc. is close to 30. An RSI level close to 30 indicates a likely rebound in price. First Majestic Silver Corp., Royal Gold Inc., and Kinross Gold Corp. comprise 8.30% of the Market Vectors Gold Miners ETF (GDX) portfolio. Investors are watching the performance of precious metals closely, as mining companies are adversely affected by declining precious metal prices.
Continue to Next Part Browse this series on Market Realist:
|
|
|
Royal Gold Inc.
|
|
PRODUCTEUR |
CODE : RGLD |
ISIN : US7802871084 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Royal Gold est une société basée aux Etats-Unis D'Amerique. Royal Gold est productrice d'or, d'argent, de cuivre, de plomb et de zinc en USA, au Burkina Faso, au Canada, au Chili, au Mexique, au Nicaragua, en Argentine, en Bolivie et en Guinee, en développement de projets d'argent, de cuivre, d'or, de plomb et de zinc au Burkina Faso, au Canada, au Chili et en Australie, et détient divers projets d'exploration au Canada, en Argentine, en Bulgarie et en Finlande. Ses principaux projets en production sont BALD MOUNTAIN en USA, LIMON, LEEVILLE MINING COMPLEX et GOLDSTRIKE OPEN PIT au Nicaragua, DON MARIO (CERRO PELADO) et ROBINSON (NEVADA) en Bolivie, EL CHANATE, PEÑASQUITO, WHARF, MARIGOLD, DOLORES MINE, MULATOS MINE -ESTRELLA et GOLDSTRIKE UNDERGROUND au Mexique, SIGUIRI en Guinee, TAPARKO au Burkina Faso, MARTHA MINE en Argentine, ANDACOLLO HYPOGENE, TOQUI et ANDACOLLO au Chili et WILLIAMS, TWIN CREEKS, PIPELINE MINING COMPLEX et TROY au Canada, ses principaux projets en développement sont GOLD HILL et PASCUA LAMA au Chili, HOLT MINE & MILL et PINE COVE (MINGS BIGHT) au Canada, BALCOOMA en Australie et BOUROUM au Burkina Faso et ses principaux projets en exploration sont CANADIAN MALARTIC (QUEBEC), GOLDSTRIPE WILLA, MANHATTAN (WHITE CAPS) et CAMP BIRD MINE au Canada. Royal Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 9,1 milliards US$ (8,2 milliards €). La valeur de son action a atteint son plus bas niveau récent le 28 février 1992 à 0,03 US$, et son plus haut niveau récent le 18 septembre 2024 à 139,14 US$. Royal Gold possède 65 455 293 actions en circulation. |