At MiningFeeds, we are committed to providing mining investors with the best information available on the internet. But we are not just fans of mining, we are also fans of technology. In April, 2012 we launched our unique and proprietary “Mining Stock Indexes”.
These indexes are connected to the category listings on MiningFeeds.com (gold, base metals, tech metals, etc.) and are calculated based on the price movements of the stocks listed in our respective stock lists.
The stock indexes were released on April 1st, 2012 and each mining stock index was set at 1,000. So how have mining stocks performed over the past four months? Easy, just look at our stock indexes and do the math:
- Gold Index: + 31.2%
- Silver Index: +27.2%
- Diamonds Index: +11.6%
- Base Metals Index: +3.4 (excluding copper stocks)
- Coal Index: – 2.6%
- Potash Index: – 6.5% (includes phosphate stocks)
- Copper Index: – 9.8%
- Uranium Index: – 12.9 %
- Tech Metals Index: – 23.5% (includes rare earth, lithium, cobalt, etc. stocks)
The stock indexes are calculated using the weighted average market cap of the stocks listed in each category. We also apply a $10 million market cap limit for a company to be included in the index calculation.
Using our Gold Stock List as an example, throughout the day our automated index system calculates the percentage change of hundreds of international gold stocks and gives you the live percentage change. Today, the Gold Stock Index is down 0.17%.
We have also added a built in charting feature so you can track daily/weekly/monthly price movements. Just click on “Gold Index” to access the price chart for the gold stock index on the Mining Stock Indexes widget.
As mentioned at the beginning, we are fans of technology. We’ve designed the Mining Stock Index as shareware – you will see a link that says “Embed Code” below the indexes.
If you click on the “Embed Code” link you will gain access to java script code that will allow you to embed the Stock Indexes directly into your website for free (similar to a YouTube video). The widget can be stylized to match the look and feel of your site.
Yet another feature that makes MiningFeeds.com the #1 financial website focusing on the mining sector.