SPM Gold Newsletter for February 27, 2017

Gold News

A Look at the Correlations of Mining Stocks

Yamana Gold has the closest correlation to gold on a YTD basis among the four miners under review.

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Randgold posts 4Q profit

The Saint Helier, Jersey-based company said it had profit of 83 cents per share. The gold miner posted revenue of $356.4 million in the period. For the year, the company reported profit of $247.5 million, …

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Bullish and Bearish Reversals for the Week

These stocks are indicating a change in direction.

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Where Is Gold Headed?

SPDR Gold Shares (GLD) share price is $119.7, which is 3.6% above its 50-day exponential moving average of $115.53

The RSI is 70.30 which suggests that SPDR Gold Shares (GLD) is technicallyin overbought territory.

Based on the share price being above its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bullish and GLD is experiencing slight buying pressure.

According to the MACD, SPDR Gold Shares (GLD) is currently on a Buy Signal.


Over the next 4 weeks, SPDR Gold Shares (GLD) has on average historically fallen by 1.4% based on the past 12 years of stock performance.

SPDR Gold Shares (GLD) has fallen lowerby an average 1.4%in 8 of those 12 years over the subsequent 4 week period,corresponding to a historical probability of 66%


Is Gold a Buy or Sell?

SPDR S&P 500 ETF (SPY) share price is $236.74, which is 8.7% above its 50-day exponential moving average of $217.85

Based on the share price being above its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bullish and SPY is experiencing buying pressure, which is a positive indicator for future bullish movement.


This volatility is currently showing a lower than normal reading, suggesting risk levels may be somewhat lower than normal.


How Are Gold Stocks Trading?

Goldcorp Inc. (GG) share price is $16.57, which is 2.4% above its 50-day exponential moving average of $16.18

The current trend is moderately bearish and GG is experiencing selling pressure, which indicates risk of future bearish movement.


Newmont (NEM) share price is $36.08, which is 2.4% below its 50-day exponential moving average of $36.95

The current trend is moderately bearish and NEM is experiencing selling pressure, which indicates risk of future bearish movement.


Royal Gold, Inc. (RGLD) share price is $68.33, which is 3.9% below its 50-day exponential moving average of $71.08

Based on the share price being below its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bearish and RGLD is experiencing selling pressure, which indicates risk of future bearish movement.


Agnico-Eagle Mines Ltd. (AEM) share price is $45.32, which is 7.4% below its 50-day exponential moving average of $48.95

Based on the share price being below its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bearish and AEM is experiencing selling pressure, which indicates risk of future bearish movement.


Disclaimer

Such and such is not a registered investment advisor. No Advice is given or implied. Information provided for educational purposes only and should not be construed as investment advice. You should only trade with money you can afford to lose. No representation is being made that any account will or is likely to achieve profits and it is possible that you may lose all or some of your investment. Past performance is no guarantee future results. Trading options involves risk of loss and may not be suitable for everyone. You should carefully consider whether trading options is suitable for you in light of your age, income, personal circumstances, trading knowledge, and financial resources. You must be aware of the risks and be willing to accept them in order to invest in the options markets. This is neither a solicitation nor an offer to Buy/Sell futures or options.copyright 2016 such and such.

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