Keep the bullion, cut the miners as tech stocks tumble, says Ted Oakley
Published . Updated .
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This report is about gold and metals & mining.
Directly affected
- No company is named in this report.
Indirectly affected
- GLD SPDR Gold Shares-4.7% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “bullion” (gold) in this story.
- GDX VanEck Gold Miners ETF-13.3% 30d
VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “bullion” (gold) in this story.
- PICK iShares MSCI Global Metals & Mining Producers ETF-9.1% 30d
iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “miners” (metals & mining) in this story.
- NEM Newmont-13.0% 30d
Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “bullion” (gold) in this story.
- AEM Agnico Eagle Mines-10.3% 30d
Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “bullion” (gold) in this story.
- FCX Freeport-McMoRan-13.1% 30d
Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story.
- BHP BHP Group-8.6% 30d
BHP Group (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story.
- RIO Rio Tinto Group
Rio Tinto Group (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) 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 | -1.03% | -2.91% | base | +0.95% | after close | after close | after close |
| GDX | -3.81% | -6.39% | base | +0.51% | after close | after close | after close |
| PICK | +1.09% | -0.50% | base | -2.77% | after close | after close | after close |
| NEM | -5.39% | -7.66% | base | +1.04% | after close | after close | after close |
| AEM | -4.29% | -7.13% | base | +1.57% | after close | after close | after close |
| FCX | +5.60% | +0.51% | base | -8.16% | after close | after close | after close |
| BHP | +2.12% | -0.09% | base | -0.27% | after close | after close | after close |
| RIO | -1.53% | -2.19% | base | -0.15% | 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.
Keep the bullion, cut the miners as tech stocks tumble, says Ted Oakley Kitco
Source: Kitco
This story
| Company | When | Move | Status |
|---|---|---|---|
| AEM | that day | +1.57% | still updating |
| AEM | three days earlier | -7.13% | final price |
| AEM | five days earlier | -4.29% | final price |
| BHP | that day | -0.27% | still updating |
| BHP | three days earlier | -0.09% | final price |
| BHP | five days earlier | +2.12% | final price |
| FCX | that day | -8.16% | still updating |
| FCX | three days earlier | +0.51% | final price |
| FCX | five days earlier | +5.60% | final price |
| GDX | that day | +0.51% | still updating |
| GDX | three days earlier | -6.39% | final price |
| GDX | five days earlier | -3.81% | final price |
| GLD | that day | +0.95% | still updating |
| GLD | three days earlier | -2.91% | final price |
| GLD | five days earlier | -1.03% | final price |
| NEM | that day | +1.04% | still updating |
| NEM | three days earlier | -7.66% | final price |
| NEM | five days earlier | -5.39% | final price |
| PICK | that day | -2.77% | still updating |
| PICK | three days earlier | -0.50% | final price |
| PICK | five days earlier | +1.09% | final price |
| RIO | that day | -0.15% | still updating |
| RIO | three days earlier | -2.19% | final price |
| RIO | five days earlier | -1.53% | final price |
Trades by members of Congress and officials in the stocks in this story
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100Price not final
“Keep the bullion, cut the miners as tech stocks tumble, says Ted Oakley” scores 12 out of 100. The score uses 1 sources. The price is not final yet.