Goldminen: Underperformance der Juniors gegenüber der Majors

Hierbei spielen die erheblichen Verwerfungen im führenden Junior-Goldminen-ETF GDXJ zuletzt sicher eine maßgebliche Rolle (Link):

Quelle: stockcharts.com

Quelle: stockcharts.com

Quelle: stockcharts.com

Gold- & Silberminen, GDXJ: Fundamental-Kennziffern im 3. Quartal 2016

Informative Übersicht über die Q3-Entwicklung von ein paar ausgewählten, fundamentalen und operativen Kennziffern bei den kleinen bis mittelgroßen Gold- und Silberproduzenten im GDXJ  - credit to ZealLLC:

Quelle: zealllc.com

Quelle: zealllc.com

The Top 3 Most Visited JRB Blog Posts This Week Are..

3. Chef von US-Kohleproduzent vs. Tesla-Boss Elon Musk

2. OPEC: Öl-Produktion erklimmt neues Rekordhoch

1. Junior-Goldminen: Bullenmarkt im historischen Vergleich

Junior-Goldminen: Bullenmarkt im historischen Vergleich

Hierzu ein informatives und brandneues Chart-Update - credit to The Daily Gold:

Quelle: thedailygold.com

Rohstoff- und Minenbranche: Der Wochenrückblick von Haywood

Werfen Sie einen Blick in den informativen Wochen-Report von Haywood:

The Weekly Dig - September 30, 2016  

Mick Carew, PhD and The Haywood Mining Team

Gold Volatility Continues as Investors Eye End of Year Fed Meeting

Highlights:

• Gold and gold equities continued their volatile run this week as investors adjusted to last week’s decision by the Federal Reserve to not raise interest rates, but keeping the door open for a rate hike before the end of the year. Since mid-August, the price of gold has fluctuated, rising as high as $1,351 per ounce on September 6 to as low as $1,305 per ounce on August 31st. Gold equities have followed suit, with the S&P/TSX Global Gold Index rising and falling twice between 230 and 250 in September. Gold ETF’s, including SPDR Gold Shares (GLD-NYSEARCA), also fell this week. It appears likely that this volatility will persist at least until the end of the year given the impending U.S. election in November and the possibility of a rate rise in November or December, and the question remains will gold remain above the $1,300 per ounce level. Gold (↓1.5%), along with silver (↓2.6%)  and platinum (↓2.6%), were down this week, finishing at $1,317, $19.19 and $1,028 per ounce respectively.  Palladium bucked the trend, finishing higher (↑2.6) at $721 per ounce. Base metals were mixed this week; copper continued to defy sceptical investors and was up slightly to finish at $2.21 per pound, nickel fell 1% to finish at $4.78 per pound, while both lead (↑10%) and zinc (↑5%) finished strongly this week, closing at $0.96 and $1.08 per pound respectively. The price of WTI crude rallied this week after news that OPEC agreed to limit supply to support low prices. This comes as Iraq boosted exports and Libya reopened some of its main terminals. WTI crude finished at $48 per barrel on Friday. Finally, the UxC Weekly Spot Price of uranium fell further (↓7.2%), finishing at $22.38 per pound on Friday.

Click here for today's report

Quelle: stockcharts.com

Quelle: stockcharts.com

Quelle: stockcharts.com

Rohstoff- und Minenbranche: Der Wochenrückblick von Haywood

Hier finden Sie den Wochen-Report von Haywood:

The Weekly Dig

Haywood Mining Team

Investors Sceptical on Copper as Red Metal Hits $2.20/lb

While the Federal Reserve announced its decision to hold interest rates (as expected) given continued weak economic data out of the U.S., the price of copper has defied the bears in September, rising from just above $2.00 per pound on September 1 through the $2.20 per pound level on Friday. Many commentators remain unconvinced that better times are ahead for copper, with the red metal commonly viewed as a useful guide to the state of the global economy. Certainly the Federal Reserve’s decision to hold rates could be seen as supporting this view, although some would view the Feds decision to keep interest rates on hold as more to do with timing given the impending U.S. election; in a statement released on Wednesday the Federal Reserve hinted at a possible rate hike this year, most likely in December, which may provide upward momentum for copper and other base metals in the medium term. 

Meanwhile, after testing the $1,300 per ounce level last week, the Feds decision saw the price of gold rise 2% following the announcement before finishing at $1,338 per ounce on Friday. Gold equities followed suit, with the S&P/TSX Global Gold Index rising 4% to finish at 64.9 on Friday. Silver (↑5%), platinum (↑3.7%) and palladium (↑4.3%) were all up, finishing at $19.70, $1,055 and $704 per ounce respectively. In base metals, nickel prices surged almost 9% this week, finishing at $4.82 per pound while lead (↓1.4%) and zinc (↑3%) each finished at $0.87 and $1.03 per pound respectively. The price of WTI crude regained some of its recent losses, up 2.6% to finish at $45. Finally, the UxC Weekly Spot Price of uranium was down (↓3.1%) closing at $24.12 per pound on Friday..

Link: https://clients.haywood.com/uploadfiles/secured_reports/MMSep232016.pdf?inf_contact_key=d230a9c53702612e2b3eb468770caa3bac126d06c672a41cf43bb16ea74800b9

Quelle: stockcharts.com

Quelle: stockcharts.com

Nach FED-Sitzung: Goldminen explodieren unter hohem Handelsvolumen

Das führende Goldminen-ETF GDX drehte gestern frei nach oben und katapultierte die Aktienkurse der Goldproduzenten in die Höhe. Im Schnitt legten die Goldminen um mehr als 7% an Wert zu, was zu einem der besten Handelstage in den letzten Monaten führte. Das Fundament für die nächste Rallye-Stufe ist gelegt..

Quelle: stockcharts.com

Quelle: stockcharts.com

Quelle: stockcharts.com

Rohstoff- und Minenbranche: Der Wochenrückblick von Haywood

Werfen Sie einen Blick in den informativen Wochenrückblick von Haywood:

The Weekly Dig

Mick Carew, PhD

Haywood Mining Team

Gold Tests $1,300 per Ounce Level Amid Continued Fed Uncertainty

The price of gold continued to fall this week amid uncertainty surrounding the Federal Reserve’s decision later this month as investors continued to cover short positions in the yellow metal. The central bank will meet on Tuesday and Wednesday, and some market watchers are still considering the possibility the Fed will raise interest rates at the meeting. This comes despite U.S. retail sales figures this week for the month of August, which showed a decline of 0.3%. It was the first decline in retail sales since March. Meanwhile, initial jobless claims were up slightly and mortgage applications rose last week,PPI for final demand was flat in August. On Friday, the yellow metal closed at $13,11 per ounce, testing the $1,300 per ounce level which many gold bugs believe represents a floor in the price of gold. Gold equities were also down this week; the S&P/TSX Global Gold Index fell 5% to finish at 234 on Friday while the S&P/TSX Venture Index was down 1.5% to finish at 799. Silver (↓1.5%) and platinum (↓4%) fell along with gold, finishing at $18.76 and $1,015 per ounce, while palladium rose slightly during the week to finish at $671 per ounce. The base metals, copper jumped 3% on Wednesday, finishing at $2.16 per pound. Lead was also up 5% while nickel (↓4%) and zinc (↓1.5%) were down for the week. The price of WTI crude fell to finish at $43.21 (↓5%).

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Important Information and Legal Disclaimers

This report is neither a solicitation for the purchase of securities nor an offer of securities. Our ratings are intended only for clients of Haywood Securities Inc., and those of its wholly owned subsidiary, Haywood Securities (USA) Inc., and such clients are cautioned to consult the respective firm prior to purchasing or selling any security recommended or views contained in this report.  

Quelle: stockcharts.com

Precious Metals Summit 2016 in Beaver Creek

Es war wie immer ein herausragendes Event.

Alle Firmen-Präsentationen können Sie hier einsehen: http://www.gowebcasting.com/conferences/2016/09/14/precious-metals-summit

Quelle: precioussummit.com/event/2016-colorado-summit/

Big Picture, Goldminen: Ressourcen-Bewertungen bei M&A Deals (2006-2015)

Im Hinblick auf den historischen Bärenmarkt bei den Goldminen, der bis Anfang 2016 dauerte, ist es keine Verwunderung, dass die Ressourcen-Bewertungen bei den Übernahme- & Merger-Deals (M&A) zwischenzeitlich auf ein 10-Jahrestief gefallen sind.

Es gab nur selten in der Historie eine Zeit, in der die Unze Gold im Boden zu solchen Schnäppchenpreisen bewertet wurde wie im Winter 2015/2016. Seitdem sehen wir eine rasante Aufholjagd bei den Bewertungen. Wir befinden uns aber natürlich weiterhin meilenweit unter den Hochständen aus der letzten Hausse.

Hierzu eine informative Übersicht - credit to SNL:

Quelle: SNL Metals & Mining, www.snl.com

The Top 3 Most Visited JRB Blog Posts This Week Are..

3. Gold: Bullenmärkte im historischen Vergleich

2. USA, Energiebranche: Öl-Lagerbestände mit dem größten Rückgang seit 1999

1. Goldminen: Bullenmärkte im historischen Vergleich

Quelle: bigcharts.com

Quelle: bigcharts.com

Big Picture: M&A-Deals im Goldminen-Sektor (2012-2016)

Im Gesamtjahr 2015 belief sich der Wert aller Deals (M&A) bei den Goldminen auf knapp 21 Mrd. USD. Das war der höchste Wert in den letzten 5 Jahren. Es sieht bis dato nicht so aus, als ob dieses Jahr ein neues Verlaufshoch markiert wird. Hierzu eine informative Übersicht:

Quelle: bloomberg.com

Goldminen vs. Gold: HUI/Gold Ratio verteidigt Aufwärtstrend

Nach der erheblichen, aber absolut gesunden Korrektur im August, gewinnt auch das wichtige HUI/Gold Ratio wieder an Stärke. Zuletzt drehte der Kurs bei der 200-Tageslinie und auf Wochensicht (KW35) steht charttechnisch ein "Hammer" zu Buche, was positiv zu werten ist..

Quelle: stockcharts.com

Quelle: stockcharts.com

Quelle: stockcharts.com

The Top 3 Most Visited JRB Blog Posts This Week Are..

3. Goldminen: Bullenmärkte im historischen Vergleich

2. Wealth Minerals: Interview mit Chile-Geschäftsführer Marcelo Awad bei MiningWeekly

1. Goldproduzenten, Big Picture: Gesamtkosten der Goldförderung (AISC)

Quelle: stockcharts.com

Rohstoff- und Minenbranche: Der Wochenrückblick von Haywood

Werfen Sie einen Blick in den informativen Wochen-Report von Haywood.

The Weekly Dig

Mick Carew, PhD, mcarew@haywood.com

Haywood Mining Team

Lower than Expected U.S. Jobs Data Spurs Late-Week Gold Rally

§  The price of gold and gold-related equities continued to fall early in the week, with the yellow metal falling towards the $1,300 level as the possibility of an earlier-than-expected rate hike in 2016 appeared more likely. This speculation was supported by positive macroeconomic data earlier in the week, with jobs data in particular suggesting employment in the U.S. continued to be robust. The gold price fell as low as 1,305 per ounce during intra-day trading on Wednesday as investors exited the gold space. However, after a rally on Thursday which saw some of these losses recouped, non-farm payroll data for August came in lower than expected; rising by 151,000 jobs last month after an upwardly revised 275,000 increase in July. This was well short if the 180,000 new jobs predicted by economists. August traditionally has been a difficult month for jobs numbers, and 2016 proved no exception, likely putting the Federal Reserve on hold for a rate hike anytime soon. Gold finished at $1,328 on Friday, while silver was up (4%) after an early week fall, finishing at 19.52 per ounce. Platinum (↓1%) and palladium (↓1.4%) were both lower, finishing at $1,064 and $680 per ounce respectively. Base metals were up this week, with copper (0.3%), nickel (2.5%), lead (3.6%) and zinc (2.05%) each finishing at $2.09, $4.54, $0.88 and $1.07 per pound respectively. The price of WTI crude fell heavily early in the week before regaining some of those losses on Friday to finish at $44.20 per barrel.

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This report may be distributed in the following states: nil. Otherwise, this report may only be distributed into those states with an institutional buyer state securities registration exemption.  

Quelle: stockcharts.com

Quelle: stockcharts.com

Goldminen: Bullenmärkte im historischen Vergleich

Der neue Bullenmarkt bei den Goldminen, der Ende Januar 2016 startete, steht erst ganz am Anfang. Hierzu aufschlussreiche und eindrucksvolle Vergleiche mit den zwei letzten, großen Bullenmärkten - credit to TheDailyGold:

Quelle: thedailygold.com

Quelle: thedailygold.com

Rohstoff- und Minenbranche: Der Wochenrückblick von Haywood

Werfen Sie einen Blick in den informativen Wochenrückblick.

The Weekly Dig

Mick Carew, PhD, mcarew@haywood.com

Haywood Mining Team

Markets Jitter as Investors Prepare for Possible End-Of-Year Rate Rise

§  Today, Fed Chair Janet Yellen stated that the case for raising U.S. interest rates had strengthened in recent months because of improvements in the labour market and expectations for moderate economic growth. The Fed last raised rates in December last year, its first hike in nearly a decade, but has since held off further increases due to a global growth slowdown, financial market volatility and generally tepid U.S. inflation data. With an election looming, most commentators see a raise in September as unlikely; instead December looms as the month for a possible rate hike reflecting last year’s rise in December. However, the Fed again reiterated its position that if rates are raised, they will be done so gradually. As expected, markets were jittery on the news, having fallen during the week as bullish employment data heightened expectations of a positive economic outlook from the Fed; on Tuesday, the S&P/TSX Composite Index fell over one hundred points before stabilizing at 14,639 at close. Investors in gold and gold mining equities appeared to have anticipated the Fed’s tone, with gold falling 1.5% during the week, and finishing at $1.320 per ounce on Friday; silver (↓3.4%), platinum (↓3.9%)  and palladium (↓3.2%)  also fell, finishing at $18.61, $1,071 and $685 per ounce. Base metals followed a similar trend, with copper (↓4%) and nickel (↓5.6%) both finishing lower at $2.06 and $4.43 per pound; lead was down slightly (↓0.3%) while zinc bucked the trend, finishing higher at $1.05 per pound. WTI crude prices had a volatile week after inventories rose before finishing lower at $47.33 per barrel.

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This report may be distributed in the following states: nil. Otherwise, this report may only be distributed into those states with an institutional buyer state securities registration exemption.  

Quelle: stockcharts.com

Goldminen vs. Gold: Relative Stärke steigt auf Mehrjahreshoch

Hierzu ein Ausschnitt aus einer aktuellen Analyse der Credit Suisse:

Quelle: Credit Suisse

Rohstoff- und Minenbranche: Der Wochenrückblick von Haywood

Werfen Sie einen Blick in den informativen Wochen-Rückblick.

The Weekly Dig

Mick Carew, PhD, mcarew@haywood.com

Haywood Mining Team

Gold in Search of Direction Friday After Rapidly Shedding Early Gains at Mid-day

§  Major indices retreated Friday after many set new highs just a day earlier.  The pullback was on the tail of soft U.S. Retail Sales and Producer Price Index (PPI) data points early Friday.  There was an immediate ~$15/oz jump in December Gold futures pre-market, which more or less held up until about noon (PST), when gold retreated ~12/oz in about 20 minutes.  The initial run in gold seemed to be on the back of this economic data that came in below expectations, which could mean slower inflation than anticipated is occurring, potentially pushing back the threat of an interest rate hike. Meanwhile oil posted one of its strongest weekly gains in some time after shedding more than $10/barrel from early June highs of more than $50/barrel to early August lows of sub $40/barrel.  To end the week, Gold and Silver were unchanged at $1,336 (↑0.02%),$19.71 (0%), with platinum and palladium finishing lower at $1,122 (↓2.16%) and $685 (↓1.58%) per ounce respectively. Base metals were mixed; nickel (↓4.05%), zinc (↓1.42%) and copper (↓0.64%) finished lower at $4.65, $1.01 and $2.15 respectively, while lead (↑2.86%) finished higher at $0.83 per pound. The WTI crude price gained 6.38%, while the UxC Broker Average Price of uranium was down (↑0.96%) closing at $26.00 per pound on Friday.

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This report may be distributed in the following states: nil. Otherwise, this report may only be distributed into those states with an institutional buyer state securities registration exemption. 

Quelle: stockcharts.com

Interview mit Brent Cook über wirtschaftliche Lagerstätten und attraktive Übernahmeziele im Junior-Sektor

Informatives Interview mit dem legendären Geologen Brent Cook - credit to SNN:

Quelle: SNN, Sprott

Quelle: stockcharts.com

Quelle: stockcharts.com