Gold and silver are supposed to protect against inflation. So why are both metals tumbling instead?
Published . Updated .
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Charts show the potential for more pain ahead
Directly affected
- No company is named in this report.
Indirectly affected
- GLD SPDR Gold Shares+0.5% 16d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- GDX VanEck Gold Miners ETF-5.4% 30d
VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- SLV iShares Silver Trust-17.1% 30d
iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story.
- PICK iShares MSCI Global Metals & Mining Producers ETF-6.0% 30d
iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “metals” (metals & mining) in this story.
- NEM Newmont-7.4% 30d
Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- AEM Agnico Eagle Mines-1.9% 30d
Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- PAAS Pan American Silver-9.0% 30d
Pan American Silver (gold and silver ores): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story.
- CDE Coeur Mining-19.9% 30d
Coeur Mining (gold and silver ores): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| GLD | +6.80% | +2.76% | base | after close | after close | after close | after close |
| GDX | +11.99% | +4.37% | base | after close | after close | after close | after close |
| SLV | +9.08% | +5.76% | base | after close | after close | after close | after close |
| PICK | +4.64% | +3.75% | base | after close | after close | after close | after close |
| NEM | +10.57% | +4.68% | base | after close | after close | after close | after close |
| AEM | +12.52% | +4.22% | base | after close | after close | after close | after close |
| PAAS | +12.99% | +4.95% | base | after close | after close | after close | after close |
| CDE | +17.78% | +7.58% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Charts show the potential for more pain ahead
Source: MarketWatch
This story
| Company | When | Move | Status |
|---|---|---|---|
| AEM | three days earlier | +4.22% | final price |
| AEM | five days earlier | +12.52% | final price |
| CDE | three days earlier | +7.58% | final price |
| CDE | five days earlier | +17.78% | final price |
| GDX | three days earlier | +4.37% | final price |
| GDX | five days earlier | +11.99% | final price |
| GLD | three days earlier | +2.76% | final price |
| GLD | five days earlier | +6.80% | final price |
| NEM | three days earlier | +4.68% | final price |
| NEM | five days earlier | +10.57% | final price |
| PAAS | three days earlier | +4.95% | final price |
| PAAS | five days earlier | +12.99% | final price |
| PICK | three days earlier | +3.75% | final price |
| PICK | five days earlier | +4.64% | final price |
| SLV | three days earlier | +5.76% | final price |
| SLV | five days earlier | +9.08% | final price |
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This story
12 out of 100
“Gold and silver are supposed to protect against inflation. So why are both metals tumbling instead?” scores 12 out of 100. The score uses 1 sources.