Mining stocks starting to catch up to record breaking precious metals rally

seekingalpha05-18

Gold futures rallied again to close Friday at a new all-time high while silver culminated a four-day 10% surge to finish at its best settlement since February 2013. Many analysts have attributed the ...

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Many analysts have attributed the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4108091-mining-stocks-starting-to-catch-up-to-record-breaking-precious-metals-rally\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mining stocks starting to catch up to record breaking precious metals rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMining stocks starting to catch up to record breaking precious metals rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-18 05:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4108091-mining-stocks-starting-to-catch-up-to-record-breaking-precious-metals-rally><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gold futures rallied again to close Friday at a new all-time high while silver culminated a four-day 10% surge to finish at its best settlement since February 2013. Many analysts have attributed the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4108091-mining-stocks-starting-to-catch-up-to-record-breaking-precious-metals-rally\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1223083913.SGD","symbol_name":"Schroder ISF Global Gold A Acc SGD-H","start_time":0,"source_url":"https://seekingalpha.com/news/4108091-mining-stocks-starting-to-catch-up-to-record-breaking-precious-metals-rally","article_id":"2436290509","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1264928464/image_1264928464.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2436290509","pubTimestamp":1715982610,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Gold futures rallied again to close Friday at a new all-time high while silver culminated a four-day 10% surge to finish at its best settlement since February 2013. Many analysts have attributed the Y","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H","BK4547":"WSB热门概念","CDE":"科尔黛伦矿业","LU0055631609.USD":"贝莱德世界黄金基金A2","CPER":"美国铜指数基金","NG":"NovaGold Resources Inc","LU1223082196.USD":"施罗德环球黄金A Acc","SIL":"Silver Miners Etf","SILJ":"Amplify Junior Silver Miners ETF","FSM":"Fortuna Silver Mines Inc","IAU":"黄金信托ETF(iShares)","SILV":"SilverCrest Metals Inc","HL":"赫克拉矿业","BK4017":"黄金","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","HMY":"哈莫尼黄金","GDXJ":"小型黄金矿业ETF(Market Vectors)","SIVR":"Aberdeen Standard Physical Silver Shares ETF","BAR":"GraniteShares Gold Trust","AGI":"Alamos Gold Inc","GLDM":"SPDR Gold MiniShares Trust","GROY":"Gold Royalty Corp","EXK":"Endeavour Silver","BK4570":"地缘局势概念股","MAG":"MAG银矿","PLG":"Platinum Group Metals Ltd","BK4585":"ETF&股票定投概念","DRD":"DRDGOLD Ltd ADS","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","SSRM":"SSR Mining Inc","CMCL":"Caledonia Mining Corporation Plc","COPX":"铜矿ETF-Global X","MUX":"McEwen Mining","BK4188":"贵重金属与矿石","PHYS":"Sprott Physical Gold Trust","SLV":"白银ETF(iShares)","SVM":"希尔威","AG":"First Majestic Silver Corporation","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","SGOL":"abrdn Physical Gold Shares ETF","BK4210":"白银","BK4535":"淡马锡持仓","AAAU":"Goldman Sachs Physical Gold ETF","PAAS":"泛美白银","OUNZ":"Merk黄金信托ETV","NUGT":"二倍做多黄金矿业指数ETF-Direxion","BK4588":"碎股","PSLV":"Sprott Physical Silver Trust","SBSW":"Sibanye Gold Limited","EQX":"EQUINOX GOLD CORP"},"translate_title":"矿业股开始赶上创纪录的贵金属涨势","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLG":1,"HL":1,"HMY":1,"AAAU":1,"MAG":1,"MUX":1,"NG":1,"NUGT":1,"OUNZ":1,"PAAS":1,"PHYS":1,"IAU":1,"PSLV":1,"SBSW":1,"SGOL":1,"SIL":1,"SILJ":1,"SILV":1,"SIVR":1,"SLV":1,"SSRM":1,"SVM":1,"COPX":1,"AG":1,"AGI":1,"BAR":1,"CDE":1,"CMCL":1,"GROY":1,"CPER":1,"DRD":1,"EQX":1,"GLDM":1,"GDXJ":1,"FSM":1,"EXK":1},"content_text":"Gold futures rallied again to close Friday at a new all-time high while silver culminated a four-day 10% surge to finish at its best settlement since February 2013. Many analysts have attributed the YTD gains in precious metals to expectations for interest rate cuts by the Federal Reserve later this year. \"Precious metals are non-interest bearing assets so expectations of lower interest rates lend support to both gold and silver prices,\" Chris Gaffney, president of World Markets at EverBank, tells Marketwatch. Gaffney says upside for both gold and silver would be \"limited\" if the Fed decides on only one rate cut or no rate cuts this year, with silver likely outperforming gold since it is an \"industrial precious metal\" and typically performs better than gold in times of global economic strength. Gold would outperform silver, Gaffney says, if there's any \"uptick in geopolitical concerns\" with an expansion of the Gaza conflict, or a new conflict with China, a global economic slowdown, or aggressive interest rate reductions. Front-month Comex gold (XAUUSD:CUR) for May delivery ended this week +1.9%, including a 1.3% rise on Friday, to $2,412.20/oz, and front-month May Comex silver (XAGUSD:CUR) settled +9.8% on the week, up 4.6% on Friday. Meanwhile, Comex copper futures (HG1:COM) also marked a fresh all-time settlement high, with the July contract closing +7.7% this week, including a 3.4% gain on Friday, to $5.05/lb. ETFs: (NYSEARCA:GLD), (NYSEARCA:GDX), (GDXJ), (IAU), (NUGT), (PHYS), (GLDM), (AAAU), (SGOL), (BAR), (OUNZ), (SLV), (PSLV), (SIVR), (SIL), (SILJ), (CPER), (COPX), (OTC:JJCTF) After \"dramatically\" underperforming the price of gold early this year, the YTD percentage gain of 14.3% in the NYSE Arca Gold Miners Index has nearly caught up with the 17% gain for gold futures this year. Production costs climbed during the pandemic as costs rose, but as costs stabilize and if the price of gold stays at current levels or moves higher, mining companies will \"generate significant amounts of free cash flow and the stocks will react very well,\" Gabelli Gold Fund portfolio manager Chris Mancini tells Marketwatch. Some of this week's best stock performers were precious metals miners, including Platinum Group Metals (PLG) +36.2%, Novagold (NG) +22.9%, Endeavour Silver (EXK) +16.5%, Hecla Mining (HL) +14%, Sibanye Stillwater (SBSW) +12.9%, Fortuna Silver Mines (FSM) +12.1%, Coeur Mining (CDE) +11.1%, Silvercrest Metals (SILV) +10.8%, MAG Silver (MAG) +10.7%, Silvercorp Metals (SVM) +10.3%, McEwen Mining (MUX) +10.2%, Gold Royalty (GROY) +9.9%, SSR Mining (SSRM) +9.9%, Alamos Gold (AGI) +9.2%, First Majestic Silver (AG) +8.9%, Caledonia Mining (CMCL) +7.7%, Equinox Gold (EQX) +7.4%, DRDGold (DRD) +7.3%, Pan American Silver (PAAS) +6.8%, Harmony Gold (HMY) +6%.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2436290509"}