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Hecla Mining (HL) Stock Slips on Dropping Gold, Silver Prices

NEW YORK (TheStreet) — Shares of Hecla Mining  (HL)  are down 0.33% to $6.02 this afternoon as gold and silver fall prices on the COMEX.

Silver for September delivery is down 0.73% to $19.67 per ounce and gold is lower by 0.61% to $1,330.70 per ounce.

On Thursday, gold hit a one-month low before rebounding slightly, but is still poised to log a loss for the second week in a row. Silver is heading toward its lowest settlement since the start of the month, MarketWatch reports.

As stocks and the U.S. dollar rally this afternoon, commodity metals are taking a price hit. The metals are also dropping after economic data released this week indicated that the U.S. government would increase interest rates as early as September.

Hecla Mining is a Coeur D Alene, ID-based mining company.

Separately, TheStreet Ratings rated this stock as a “hold” with a ratings score of C.

The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, TheStreet Ratings finds weaknesses including disappointing return on equity, weak operating cash flow and feeble growth in the company’s earnings per share.

You can view the full analysis from the report here: HL

Recently, TheStreet Ratings objectively rated this stock according to its “risk-adjusted” total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer’s view or that of this articles’s author. 

Article source: https://www.thestreet.com/story/13649501/1/hecla-mining-hl-stock-slips-on-dropping-gold-silver-prices.html

Gold, silver prices drop

Kathmandu, July 23

Gold and silver prices tumbled by Rs 300 and Rs 20 per tola, respectively, in the week, between July 17 and 22.

Bullion prices dropped slightly in the international market in the week due to strengthening of the dollar and the Bank of England’s decision to hold the current interest rate amidst rising concerns of rate cut along with the British referendum’s mandate to leave the 28-bloc European Union.

Prices of the precious metals in the domestic market are governed by the rates set in the international market.

The market opened on Sunday with gold price fixed at Rs 58,800 per tola. Gold price tumbled by Rs 300 a tola on Monday to be traded at Rs 58,500 per tola. Price of the precious yellow metal, however, edged up by Rs 100 a tola and was fixed at Rs 58,600 per tola on Tuesday. Bullion price again increased by Rs 100 a tola on Wednesday and was traded at Rs 58,700 per tola.

Gold price plunged by Rs 500 a tola in a single day on Thursday and was traded at Rs 58,200 per tola. Price of the yellow metal went up by Rs 300 a tola to Rs 58,500 per tola on Friday — the last trading day of the week.

Likewise, price of silver dropped by Rs 20 per tola in the six trading days of the week.

The market opened on Sunday with silver price fixed at Rs 910 per tola. Price of the white

Article source: https://thehimalayantimes.com/business/gold-silver-prices-drop-3/

First Majestic Silver (AG) Stock Up on Higher Silver Prices

NEW YORK (TheStreet) — Shares of First Majestic Silver  (AG)  are up 5.3% to $15.89 this afternoon as silver prices rally this afternoon.

Silver for September delivery is up 1.13% to $19.84 per ounce on the COMEX.

Silver and gold dipped to one-month lows yesterday after U.S. economic data indicated that the government might increase interest rates as soon as September.

Today the commodity metals are gaining on a weaker dollar. Continuing global economic uncertainty and stock market vulnerability are also pushing gold and silver higher, MarketWatch reports.

First Majestic Silver is a Vancouver-based mining company.

Separately, TheStreet Ratings rated this stock as a “hold” with a ratings score of C-.

The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, TheStreet Ratings finds weaknesses including feeble growth in the company’s earnings per share, deteriorating net income and disappointing return on equity.

You can view the full analysis from the report here: AG

Recently, TheStreet Ratings objectively rated this stock according to its “risk-adjusted” total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer’s view or that of this articles’s author. 

Article source: https://www.thestreet.com/story/13648128/1/first-majestic-silver-ag-stock-up-on-higher-silver-prices.html

McEwen Mining (MUX) Stock Slips on Lower Gold, Silver Prices …

NEW YORK (TheStreet) — Shares of McEwen Mining  (MUX)  are sliding 11.62% to $3.88 this afternoon as silver and gold prices decline.

Silver for September delivery is down 2.18% to $19.57 per ounce on the COMEX and gold for August delivery is falling 1.08% to $1,317.90 per ounce.

The commodity metals are under pressure today from a stronger U.S. dollar.

Also, economic data that indicates the U.S. government might hike interests rates as early as September is pulling silver and gold prices down. The haven metals tend to do well in low-rate environments, as they don’t provide any yield for investors.

McEwen Mining is a Toronto-based mining and minerals exploration company.

Separately, TheStreet Ratings rated this stock as a “hold” with a ratings score of C.

The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, TheStreet Ratings finds that the company’s revenue growth has not been good.

You can view the full analysis from the report here: MUX

Recently, TheStreet Ratings objectively rated this stock according to its “risk-adjusted” total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer’s view or that of this articles’s author.

Article source: https://www.thestreet.com/story/13646498/1/mcewen-mining-mux-stock-slips-on-lower-gold-silver-prices.html

Gold and Silver Market Morning: July-21-2016 — Gold and silver prices still base building!





 – Published: Thursday, 21 July 2016 | Print  | Disqus 

Gold Today Gold closed in New York at $1,319.30 on Wednesday after Tuesdays close at $1,332.30. 

-         The $: rose to $1.1029 up from $1.1002.

-         The dollar index fell to 97.00 from 97.12 Wednesday.

-         The Yen was slightly weaker at 107.02 from Wednesdays 106.48 against the dollar.

-         The Yuan was stronger at 6.6742 from 6.6785 Wednesday.

-         The Pound Sterling was stronger at $1.3254 down from Wednesdays $1.3178.

 

Yuan Gold Fix

 

Shanghai prices were in line with those of New York. Demand in China is rising with these lower prices. The media has labeled retail gold buyers as Mammas, pointing to the conservative older ladies who invest for long term financial security. These investors likely experienced the days of hyperinflation, or at least their own mothers related tales from those days. 

 

We find it extraordinary that the media likes to give demeaning names to those who distrust the global financial system and favor gold itself. We have found such investors just as intelligent and perceptive as traders who go for short term profits. Fortunately few precious metal investors are affected by such puerile name calling.

 

LBMA price setting:  $1,322.00 down from Wednesday 20th Julys $1,325.60.

 The gold price in the euro was set at 1,200.08 down 4.00 from Wednesdays 1,204.00.

Ahead of the

Article source: http://news.goldseek.com/GoldForecaster/1469107010.php

Gold, silver slide on weak global cues, slow demand


gold prices, gold, silver prices, silver, markets today, global gold prices, global silver prices, market news, business news, commodities Globally, the yellow metal fell 0.41 per cent to USD 1,326.30 an ounce and silver by 0.73 per cent to USD 19.73 an ounce in Singapore. File Photo/Agencies

Gold prices fell by Rs 100 to Rs 30,650 per 10 grams at the bullion market today, tracking a weak trend overseas amid muted demand from jewellers and retailers at the domestic spot market.

Silver also declined Rs 110 to Rs 46,220 per kg due to reduced offtake by industrial units and coin makers.

Traders attributed the fall in gold prices to a weak global trend and easing demand from jewellers and retailers at the prevailing level at domestic spot markets.

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Globally, the yellow metal fell 0.41 per cent to USD 1,326.30 an ounce and silver by 0.73 per cent to USD 19.73 an ounce in Singapore.

In the national capital, gold of 99.9 per cent

Article source: http://indianexpress.com/article/business/commodities/gold-silver-slide-on-weak-global-cues-weak-demand-2925442/

Gold, silver settle at lowest levels in about three weeks

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Gold and silver futures settled Wednesday at their lowest levels in about three weeks, as the dollar found traction on rate-hike expectations and U.S. stocks gained on the back of mostly upbeat earnings results.

“Haven” gold tends to move opposite the dollar and riskier stocks, but while gold has been choppy in recent sessions as stock indexes

SPX, +0.43%

Article source: http://www.marketwatch.com/story/gold-falls-as-dollar-firms-on-renewed-fed-rate-hike-expectations-2016-07-20

Gold, silver sink as dollar firms on renewed Fed rate-hike expectations

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Gold and silver futures settled Wednesday at their lowest levels in about three weeks, as the dollar found traction on rate-hike expectations and U.S. stocks gained on the back of mostly upbeat earnings results.

“Haven” gold tends to move opposite the dollar and riskier stocks, but while gold has been choppy in recent sessions as stock indexes

SPX, +0.43%

Article source: http://www.marketwatch.com/story/gold-falls-as-dollar-firms-on-renewed-fed-rate-hike-expectations-2016-07-20

Gold Market Morning: July-19-2016 — Gold and silver prices base building!





 – Published: Tuesday, 19 July 2016 | Print  | Disqus 

Gold Today Gold closed in New York at $1,329.30 on Monday after Fridays close at $1,328.50.  In Asia, the gold price tried to rise slightly again. The arbitrage potential remains very small at the moment. 

 

-         The $: rose slightly to $1.1058 down from $1.1054.

-         The dollar index rose to 96.77 from 96.58 Monday.

-         The Yen was slightly weaker at 106.11 from Mondays 105.66 against the dollar.

-         The Yuan was stronger at 6.6920 from 6.6980 Monday.

-         The Pound Sterling was weaker at $1.31.67 down from Mondays $1.3274

 

Yuan Gold Fix

 

The Chinese gold market tried to rise again but closed only slightly changed in Shanghai. The arbitrage spread is very small, at the moment.

 

It is becoming clearer to all in the financial world that very low interest rates will remain at these levels or lower for the next decade or so. Inflation is trying to rise in the U.K. and other countries but is struggling to do so, in others.

 

We should not take our eyes off the hefty wave of deflation flowing over the world from early in this century until now and should

Article source: http://news.goldseek.com/GoldForecaster/1468930332.php

Gold and Silver Market Morning: July-18-2016 — Gold and silver prices trying to decide direction!





 – Published: Monday, 18 July 2016 | Print  | Disqus 

Gold Today Gold closed in New York at $1,328.50 on Friday after Thursdays close at $1,333.80.  In Asia, the gold price tried to rise slightly as Chinese demand over the last week has lifted prices from New Yorks close, persistently. 

-         The $: rose to $1.1054 down from $1.1135.

-         The dollar index rose to 96.58 from 96.07 Friday.

-         The Yen was slightly stronger at 105.66 from Fridays 106.00 against the dollar.

-         The Yuan was weaker at 6.6980 from 6.6825 Friday.

-         The Pound Sterling was weaker at $1.3274 down from Fridays $1.3352

 

-         Yuan Gold Fix

 

The Chinese gold market rose up from New Yorks close as the Yuan continues to slide down towards 7.00 Yuan to the dollar.

 

Just as the Bank of England is waiting for more pertinent data before deciding on how much easing to put out there, so now we see the E.C.B. hesitating in the same way and for the same reason. They cannot act in the statistical darkness for fear of doing too much or too little. The bank of England is waiting until Augusts meetings and even then may delay further. Hindsight may tell them they waited too long or too little, but for now they would not be wise to act before seeing some light.

Article source: http://news.goldseek.com/GoldForecaster/1468846698.php