The gold price continues to move in the positive direction. This is supported by the stock markets, which have experienced a real downturn since the beginning of the year. The S&P 500 is down 7.73% YTD, the DOW is down 5.7% YTD and the NASDAQ is down 11.99% YTD. The gold price could thus close the last week well above the $1,800 mark at $1,835.90 per ounce.
Since the topics tapering and interest rate hikes of the U.S. Federal Reserve is becoming more concrete, the stock markets show a downturn. Should this downturn continue, one could ask whether the Fed continues to adhere to its taper plans with the background that many leading politicians are obviously invested in the stock markets. For both cases tapering or no tapering, we see a positive case for the gold price. What could dampen the gold price in the short term again would be higher than expected interest rate hikes. However, the Fed itself has already said that too high an interest rate hike could lead to a recession, which is why we do not see this as really likely. In the end, the Fed will probably try a moderate increase, but the indications will not change then, and that is negative real interest rates. Probably the biggest case for rising gold prices.
With the gold prices, the shares of gold producers and streaming companies will then also pick up speed again. These are a good opportunity to participate in the gold market with leverage effect. In the last week, some of the gold producers were able to gain again, which now also leads to a positive performance YTD. Especially GoldMining Inc. which could already increase YTD 35%, that could be due to the fact that the share has recently been mentioned frequently in various YouTube channels and thus raised the awareness. So how did the stocks in our watchlist perform last week?
Gold Mining Stock Performance
Gold Mining Stock Performance YTD
Watchlist
| Mining Company | Ticker | Current Price in USD | YTD % |
| GoldMining Inc. | GLDG | 1.62 $ | 35 % |
| Sibanye Stillwater Limited | SBSW | 15.20 $ | 21.21 % |
| Equinox Gold Corp. | EQX | 6.92 $ | 2.37 % |
| Endeavour Mining plc | EDVMF | 22.42 $ | 2.28 % |
| Hecla Mining Company | HL | 5.33 $ | 2.11 % |
| Barrick Gold Corporation | GOLD | 19.34 $ | 1.79 % |
| Newmont Corporation | NEM | 63.09 $ | 1.73 % |
| Newcrest Mining Limited | NCMGY | 17.92 $ | 0.62 % |
| Northern Star Resources Limited | NESRF | 6.92 $ | 0.29 % |
| Yamana Gold Inc. | AUY | 4.21 $ | -0.24 % |
| Gold Fields Limited | GFI | 10.93 $ | -0.55 % |
| First Majestic Silver Corp. | AG | 10.99 $ | -1.08 % |
| K92 Mining Inc. | KNTNF | 5.55 $ | -2.2 % |
| Kinross Gold Corporation | KGC | 5.65 $ | -2.75 % |
| Royal Gold Inc. | RGLD | 102.25 $ | -2.81 % |
| AngloGold Ashanti Limited | AU | 20.25 $ | -3.48 % |
| SSR Mining Inc. | SSRM | 17.06 $ | -3.62 % |
| Agnico Eagle Mines Limited | AEM | 50.89 $ | -4.23 % |
| Kirkland Lake Gold Ltd. | KL | 40.06 $ | -4.51 % |
| Wheaton Precious Metals Corp. | WPM | 40,80 $ | -4,96 % |
| Franco-Nevada Corporation | FNV | 130.62 $ | -5.55 % |
| Pan American Silver Corp. | PAAS | 23.51 $ | -5.85 % |
| Polymetal International plc | AUCOY | 16.81 $ | -6.12 % |
| Alamos Gold Inc. | AGI | 7.03 $ | -8.58 % |
| B2Gold Corp. | BTG | 3.54 $ | -9.92 % |
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