Gold miners slammed as gold dips to US$5K flat; oil meme trade continues to steal steam

The Market Herald09:16

Perhaps one of the most interesting things about the current Iran war in the Middle East is the way it’s changed the structural makeup of the active pool of oil traders: Right now, it’s full of retail...

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Dow Jones-affiliated writers carried by Morningstar have also posited last week that oil has become a new “meme stock.”You don’t need an analyst to tell you that: Just look at Brent Crude charts.And the run on  oil stocks the Iran War has prompted has stolen the thunder of the major precious metals. No, I don’t mean silver, the more important one: Gold.Over the last two weeks, a pattern has become clear. When oil goes up, gold goes down. Investors are rotating between the two, and for now, it looks like the market collectively reckons","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4168":"多种金属与采矿","IAU":"黄金信托ETF-iShares","GLDM":"SPDR Gold MiniShares Trust","KAR.AU":"KAROON ENERGY LTD","BK4570":"地缘局势概念股","GDX":"黄金矿业ETF-VanEck","BGL":"Blue Gold Ltd","BK7142":"石油与天然气的勘探与生产","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","BK7138":"白银","BK4585":"ETF&股票定投概念","WDS.AU":"WOODSIDE ENERGY GROUP LTD","DGP":"二倍做多黄金ETN(PowerShares)","USL.AU":"Unico Silver Ltd","IAUM":"ISHARES GOLD TRUST MICRO","GDXJ":"小型黄金矿业ETF(Market Vectors)","JNUG":"金矿指数二倍做多ETF","SVL.AU":"SILVER MINES LTD","AAAU":"Goldman Sachs Physical Gold ETF","BK7104":"黄金","HRN.AU":"HORIZON GOLD LIMITED","BCN.AU":"BEACON MINERALS LTD","BK4535":"淡马锡持仓","NMG":"Nouveau Monde Graphite Inc.","XOP":"油气开采指数ETF-SPDR S&P","USL":"United States 12 Month Oil Fund LP","BK4504":"桥水持仓","XME":"金属与采矿指数ETF-SPDR","DUG":"二倍做空石油与天然气ETF(ProShares)","BK4588":"碎股","BGL.AU":"BELLEVUE GOLD LTD","DZZ":"德银黄金两倍做空ETN","GLL":"2倍做空黄金ETF-ProShares","RRL.AU":"REGIS RESOURCES LTD","SGOL":"Abrdn Gold ETF Trust","BK4017":"黄金","NMG.AU":"New Murchison Gold Ltd","BK4207":"综合性银行","DUST":"二倍做空黄金矿业指数ETF-Direxion"},"translate_title":"金价跌至5000美元持平，金矿商遭受重创；石油模因贸易继续抢走势头","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DUG":1.5,"HRN.AU":1,"DGP":1.5,"AAAU":1.5,"USL.AU":1,"IAUM":1.5,"IAU":1.5,"SGOL":1.5,"XOP":1.5,"NMG":1,"KAR.AU":1,"DZZ":1.5,"GLL":1.5,"GDX":1.5,"XME":1.5,"WDS.AU":1,"USL":1,"BGL":1,"DUST":1.5,"GDXD":1.5,"GDXJ":1.5,"GLDM":1.5,"JNUG":1.5,"BCN.AU":1,"RRL.AU":1,"SVL.AU":1,"NMG.AU":1,"BGL.AU":1},"content_text":"Perhaps one of the most interesting things about the current Iran war in the Middle East is the way it’s changed the structural makeup of the active pool of oil traders: Right now, it’s full of retail.\nListen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.\nIn fact, in early March, retail participation in oil trade jumped by over +1,200% on one popular platform; Dow Jones-affiliated writers carried by Morningstar have also posited last week that oil has become a new “meme stock.”\nYou don’t need an analyst to tell you that: Just look at Brent Crude charts. \n\nThe signature waveform of over-excitement? (Trading Economics)\nAnd the run on (or into) oil stocks the Iran War has prompted has stolen the thunder of the major precious metals. No, I don’t mean silver, the more important one: Gold. \nOver the last two weeks, a pattern has become clear. When oil goes up, gold goes down. Investors are rotating between the two, and for now, it looks like the market collectively reckons gold @ US$5K/oz is just about enough for now.\n\nBrent (red) versus Gold (blue) over the last month (TradingView) \nAnd that’s bad news for miners \nWith gold hitting US$5K/oz, and perhaps ahead of tomorrow’s widely expected rate hike from the RBA, the market is taking money out of gold miners.\nWoodside Energy (ASX:WDS) and Karoon Energy (ASX:KAR) have enjoyed jumps on Monday, but neither is showing any dramatic gusto, suggesting the move might just be a response to precious metal benchmarks.\nTake a look at the following carnage a/a 12am: \n\nBeacon Minerals (BCN) down -7.75% to $3.22/sh\nBellevue Gold (BGL) down -7.6% to $1.51/sh \nHorizon Gold (HRN) down -7.2% to $1.42/sh\nNew Murchison Gold (NMG) down -9.3% to 4.9cps\nRegis Resources (RRL) down -7.75% to $7.08/sh \nUnico Silver (USL) down -7.1% to 75cps \nSilver Mines (SVL) down -8.55% to 18cps \n\nJoin the discussion: See what’s trending right now on HotCopper, Australia’s largest stock forum, and be part of the conversations that move the markets.\nThe material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","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/2619248221","isCrawlerRequest":true}