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\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SSRM","symbol_name":"SSR Mining Inc","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":{"SSRM":"SSR Mining Inc","CDE":"科尔黛伦矿业","SVM":"希尔威","EXK":"Endeavour Silver","NUGT":"二倍做多黄金矿业指数ETF-Direxion","OUNZ":"Merk黄金信托ETV","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","NG":"NovaGold Resources Inc","AAAU":"Goldman Sachs Physical Gold ETF","HL":"赫克拉矿业","MUX":"McEwen Mining","BK4017":"黄金","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","SIL":"Silver Miners Etf","SILJ":"Amplify Junior Silver Miners ETF","CPER":"美国铜指数基金","PLG":"Platinum Group Metals Ltd","IAU":"黄金信托ETF(iShares)","MAG":"MAG银矿","SILV":"SilverCrest Metals Inc","SBSW":"Sibanye Gold Limited","AG":"First Majestic Silver Corporation","BK4570":"地缘局势概念股","DRD":"DRDGOLD Ltd ADS","FSM":"Fortuna Silver Mines Inc","BK4585":"ETF&股票定投概念","PHYS":"Sprott Physical Gold Trust","LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H","LU0055631609.USD":"贝莱德世界黄金基金A2","EQX":"EQUINOX GOLD CORP","SIVR":"Aberdeen Standard Physical Silver Shares ETF","BK4188":"贵重金属与矿石","LU1223082196.USD":"施罗德环球黄金A Acc","GROY":"Gold Royalty Corp","GDXJ":"小型黄金矿业ETF(Market Vectors)","BK4535":"淡马锡持仓","PAAS":"泛美白银","BK4210":"白银","CMCL":"Caledonia Mining Corporation Plc","AGI":"Alamos Gold Inc","PSLV":"Sprott Physical Silver Trust","GLDM":"SPDR Gold MiniShares Trust","HMY":"哈莫尼黄金","BK4588":"碎股","BAR":"GraniteShares Gold Trust","SLV":"白银ETF(iShares)","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","SGOL":"abrdn Physical Gold Shares ETF","COPX":"铜矿ETF-Global X","BK4547":"WSB热门概念"},"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"}