27.05.2016 - Precious Metal Miners Slide alongside Precious Metals
Precious metal miners have been following metals fairly closely. Miners are often known to amplify the returns of previous metals, as they take directional moves from these metals. Because 2016 brought positive sentiment for precious metals due to increased safe-haven bids, miners also recovered their 2015 losses. However, these metals have been pulled back, and the losses in mining stocks are once again amplified. Royal Gold (RGLD), GoldCorp (GG), Gold Fields (GFI), and Alacer Gold (ASR) rose by 53.7%, 45.2%, 30%, and 24.3%, respectively, on a YTD (year-to-date) basis. Crucial contributors to the miners’ rally in 2016 have been safe-haven bids on gold and silver...............................................Full Article: Source
Print