Big Picture: Goldminen-ETF GDX vs. 200-Tageslinie

Nachdem sich die Goldminen (GDX) im Zuge der spektakulären Rally bis zu 60% von der 200-Tageslinie entfernt hatten, wurde diese außergewöhnliche Konstellation in der jüngsten Korrektur komplett abgebaut:

Quelle: iShares, SPDR, Vanguard, Van Eck, GDX

Gold: Größter Wochen-Verlust seit Juni 2013, Goldminen auf Crashkurs

Der Goldpreis verliert in den letzten 5 Handelstagen mehr als 60 USD und verbucht damit die schwächste Handelswoche seit über 3 Jahren. Die Goldminen werden entsprechend auf Talfahrt geschickt..

Quelle: stockcharts.com

Quelle: stockcharts.com

Quelle: stockcharts.com

Führendes Goldminen-ETF GDX schließt Kurslücke

GDX hat das große Gap bei 23 im Tagesverlauf geschlossen:

Quelle: stockcharts.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

Webcasts vom Denver Gold Forum 2016 in Colorado Springs

Alle Präsentationen sind nun online abrufbar: http://www.denvergoldforum.org/dgf16/archived-presentation-stream-2016/company-webcasts-alphabetical-2016/

Quelle: denvergoldforum.org

Barrick Gold: Präsentation auf dem Denver Gold Forum

Der Präsident Kelvin Dushnisky vom weltgrößten Goldproduzent Barrick Gold (ABX) hielt einen informativen Vortrag auf dem renommierten Denver Gold Forum: http://www.denvergoldforum.org/dgf16/company-webcast/ABX:US/

Und hier das gesamte, detaillierte Transkript zum Vortrag:

Barrick Gold's (ABX) Management Presents at Denver Gold Forum Conference (Transcript)

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

Goldproduzent Newmont Mining visiert Fortsetzung des Wachstumsplans an

Der nach Börsenwert nun wertvollste Goldproduzent der Welt, Newmont Mining (NEM), stellt weitere Wachstums- und Expansionspläne in Aussicht. Newmont gilt auch als Favorit für den Erwerb von weiteren Goldminen (u.a. Kalgoorlie Mine) vom aktuell noch größten Goldproduzenten (bzgl. Produktionsvolumen) Barrick Gold (ABX)..

Newmont's aggressive expansion plans

Newmont Mining is on an aggressive investment (and divestment) program which could see it catapult the company to the top of gold production stakes.

In a presentation at the Gold Forum in the city, Denver-based Newmont outlined projects that will add around 1 million ounces of gold to its portfolio and do so as soon as the middle of next year..

Link: http://www.mining.com/newmonts-aggressive-expansion-plans/?utm_source=twitterfeed&utm_medium=twitter

Quelle: stockcharts.com

Große Goldproduzenten fokussieren sich auf aktive Minenbezirke und Junior-Firmen

Hierzu ein aktueller Bericht von Reuters:

World's gold miners stick close to home in hunt for more metal

By Susan Taylor and Nicole Mordant | TORONTO/DENVER

The world's biggest gold miners are taking a cautious approach in their hunt for bullion, spending more money to explore around existing mines rather than new territory in a strategy that may have short-term gains but risks future production growth.

Top producers are relying more than ever on small companies to do the heavy lifting of searching for new deposits and increasingly taking 10 to 20 percent equity stakes in the junior miners.

Exploring close to home is more cost efficient and improves the odds of discoveries. But the chances of making major new finds are limited, diminishing global gold output, which is expected to decline by nearly 9 percent in the next three years.

"It only makes sense to be looking in your own backyard first before exploring elsewhere," said Paul Rollinson, Chief Executive of Kinross Gold, which spends about 90 percent of its exploration budget around existing sites.

"We focus on areas we already know, with existing infrastructure nearby, in jurisdictions we are comfortable with."

The world's 10 biggest gold miners are bumping up the share of exploration budgets earmarked for land around existing mines, or brownfield exploration, increasing the spending to 56 percent in 2015 from 45 percent in 2013..

Link: http://mobile.reuters.com/article/idUSKCN11O0F8

Quelle: stockcharts.com

Quelle: stockcharts.com

Denver Gold Forum 2016 in Colorado Springs

Das traditionelle Denver Gold Forum findet von Montag bis Mittwoch in der kommenden Woche in Colorado Springs statt. In den nächsten Tagen können Marktteilnehmer mit einigen Firmen- & Branchen-News und vielen Einflüssen rechnen..

Agenda: http://www.denvergold.org/assets/downloads/programs/DGF_2016_Event_Program_Final_Web.pdf

Teilnehme Firmen: http://www.denvergoldforum.org/dgf16/participating-companies/

Keynote Speaker: http://www.denvergoldforum.org/dgf16/keynote-speakers-at-denver-gold-forum-2016/

Webcast: http://www.denvergoldforum.org/dgf16/archived-presentation-stream-2016/

Special Events: http://www.denvergoldforum.org/dgf16/keynote-speakers-at-denver-gold-forum-2016/

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.

Click here for the full report

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.

Click here for the full report

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.

Click here for the full report

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