Group 1: Commodity Stocks Performance - Commodity stocks are rebounding after a profit-taking phase, with Newmont Corporation up 1.7% to $101.48 and Hecla Mining Co increasing by 2% to $19.55 [1] - Newmont's stock experienced a significant recovery, reaching a record high of $106.34 on December 26, reflecting a 172% year-to-date gain from a 52-week low of $36.86 [2] - Hecla Mining Co also achieved an all-time high of $20.95 on December 22, showcasing a remarkable 296% year-to-date gain [3] Group 2: Market Dynamics and Trading Insights - Hecla Mining Co's stock has been supported by the 20-day moving average since an early August post-earnings bull gap, despite a 5.4% increase in short interest over the past two reporting periods [3] - The short interest accounts for 4.5% of Hecla's total available float, indicating that it would take less than two days for shorts to cover their positions at the current average trading pace [3] - Options on Newmont Corporation are currently affordably priced, as indicated by a Schaeffer's Volatility Index (SVI) of 42%, which is higher than 68% of readings from the past year [4]
2 Mining Giants Bouncing Back After Safe Haven Selloff