Gold miners up 55% in 2016 could rally further in 2017 – valuewalk

.

You could say gold miners struck gold in 2016. Cad to usd history The group, as measured by the NYSE Arca Gold Miners Index, finished the year up an amazing 55 percent, handily beating all other asset classes shown below.

Miners were followed by commodities at 25 percent and silver at 15 percent.


Binary file Gold finished up 8.6 percent, its first positive year since 2012, when it gained 7.1 percent. Python commands (Keep your eyes peeled for our forthcoming annual periodic table of commodity returns, one of our perennially popular pieces!)

I find it curious that many in the financial media continue to have a bias against gold, even though it generated better returns in 2016 than 10-year Treasuries and the U.S. Euro to dollar conversion rate today dollar, which performed half as well. Exchange rate usd to aed And when it was up as much as 28 percent in the summer, they still didn’t have anything positive to say, arguing it had gone up too much.

( Gold traders, on the other hand, have a much different opinion about the metal right now. Usd to euro graph A group of traders recently surveyed by Bloomberg revealed they are the most bullish on gold since the end of 2015, soon before it rallied in its best first half of the year since 1974. Usd to inr exchange rate today The traders cited geopolitical concerns, both in the U.S. Exchange rate cny to usd and Europe, as well as stronger demand in 2017.)

And isn’t it interesting that the same media figures who are biased against gold are usually the same ones who seem to have only disparaging things to say about Brexit and President-elect Donald Trump? What they don’t realize is that if Brexit and Trump succeed, so too do the U.K. Inr to usd conversion rate today and the U.S. Convert usd to euro calculator Are they hoping Brexit and Trump will fail so they can be proved right?

The smart people realize personal politics must be put aside. Premarket stock futures cnn Despite supporting Hillary Clinton during the primaries, Warren Buffett now says he is behind the president-elect—because he knows that if the U.S. Gold manufacturing does well, he does well too. 1 usd to sbd Despite campaigning hard against Trump, President Barack Obama says now we should all be rooting for Trump, regardless of our politics.

But back to gold. Non binary gender quiz Coming up on January 28, we have the Chinese New Year, when demand for the yellow metal historically has risen, along with prices. Gender spectrum This will be the year of the fire rooster, one of whose lucky colors is gold.

Throughout 2017, the precious metal should be supported by even deeper negative real rates, which could fall to their lowest level in two years as inflation outpaces nominal interest rate increases, according to UBS. Joy news In October, Federal Reserve Chair Janet Yellen suggested there might be some benefit in allowing inflation to exceed the central bank’s target rate of 2 percent before another hike is considered, which is good news for gold. Gold price today Numerous times in the past I’ve shown that the yellow metal has tended to rise when real rates—what you get when you subtract inflation from the federal funds rate—fell into negative territory.

All materials are found on open spaces of a network the Internet as freely extended and laid out exclusively in the fact-finding purposes. If you are what lawful legal owner or a product and against its placing on the given site, inform us and we will immediately remove the given material. The administration of a site does not bear responsibility for actions of the visitors breaking copyrights. abuzesite@bigmir.net

banner