Precious Metals

The Paragon Report announced that its research suggests that though gold prices have been suffering, gold stocks have improved significantly over the past month.

The Paragon Report announced that its research suggests that though gold prices have been suffering, gold stocks have improved significantly over the past month.

As quoted in the press release:

Gold miners have benefitted from falling oil prices, as lower oil prices positively impacts mining costs. “Our best guess as to why gold stocks have reverted to tracking gold again is the underperformance of oil. Oil prices, one of the largest inputs to mining, have been falling, while gold prices have remained stable,” stated Ned Davis Research’s John LaForge and Warren Pies.

Click here to read the full Paragon Report press release.

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Commodities
Gold1847.23-6.87
Silver21.09-0.43
Copper4.07-0.14
Palladium1970.50-50.50
Platinum970.00-21.50
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Heating Oil3.66-0.10
Natural Gas7.40-0.24

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