Goud en Zilvermijnen

[Spruitje]

Trader Dan 24-07-2015: Gold Stock Carnage Continues Unabated

[Dirkgold]

oceana gold buys romarco.
( meer een merger )
wordt vanaf 2017 de lowest cost gold producer.
http://www.smh.com.au/business/mining-a ... 731-giodnq

[Gwyde]

American stock markets have been going nowhere; gains are alternating with losses, with the DJ down a little year-to-date and both S&P and Nasdaq holding on to modest gains.

Yet that's a lot better than precious metals: after the mid July plunge, gold is grinding along its bottom. Gold closed at $1095.2 last Friday after sliding to a fresh intraday post 2010 low at $1079. Gold is down 3.36% compared to last article on July 17. For the other PM's further losses are contained to less than 1% after their disproportional plunge earlier this month.

Gold shorters failing to keep the price below $1080 for more than a few minutes inspired gold bugs to some relief rally with a 3% gain for the HUI, closing at 111.7. We've seen more up-days on the miners than further slides, yet the plunges have been more impressive, generally in excess of 4%. Moreover the 12% implosion on July 20 really crushed all records. Since previous observation on July 17, the HUI is down 13.1%. You find fresh graphs on the gold miner pulse blog page.

Our benchmarks GDX, GDXJ and GLDX are down 10.9%, 8.3% and 8.5% respectively, all somewhat less bad than the HUI index... and similar for our contributor driven explorer & junior miner spreadsheet, which slid 7.4%. With most of our quotes in CAD, we still have some FX tail winds. The long term loss nevertheless stands at 52.1%. Over the last two weeks, only two stock picks are up (MAG silver and Romarco Minerals, which is to be bought by Oceana Gold), while Wellgreen Platinum is holding ground. Among the 15 losses, there are 7 double digit slides. The 21% slide of Oceana Gold makes us lose the last but one long term gain. That leaves us with only MAG, one faint star in a dark sky.

I hope to be back with better news around mid August.

[Gwyde]

Rick Rule's "Junior Mining Academy"

Legendary investor and contrarian Rick Rule talks with investment adviser Albert Lu about today’s difficult investing environment. They’ll discuss the best places for your money, how to think about valuing companies in a ZIRP world, and the proper role for precious metals in your portfolio. (Streamed live on May 29, 2015)

[Gwyde]

After the Greek debt crisis was patched, yet another drama is unfolding on its shores, where masses of unfortunate refugees from a war ravaged Syria are seeking shelter, hoping for asylum elsewhere in Europe. Meanwhile China is devaluing its currency, adapting the USD peg for several days now. The latter caused its ripple effects on broad stock markets, with both American and European market indexes in a pull back.

Just for once, precious metals recovered, after bottoming early August. Gold regained $1100 and silver got over $15. By Wednesday the PM recovery leveled off , with minor losses towards Friday upon general weakness in the commodity sector, with crude plunging again. Gold closes the week at $1113.7 (up 2.33% for the month) and silver at $15.25 (up 3.53%). PGM's lag: on balance platinum only adds 0.3% since end July closing at $990 and palladium didn't even hold ground, down 0.19% since Jul 31, closing at $617.

After the precipitous plunge mid July and miners still grinding lower into early August, sellers got exhausted. As the PM sentiment turned, miners rallied. You find fresh graphs on the gold miner pulse blog page. The HUI index is up 7.42% for the month, while our benchmark ETF's add between 5.4% for GDX and 8.9% for GLDX.

Gains for our contributor driven explorer & junior miner spreadsheet lag: we add 4.8%, cutting the long term loss to less than 50%. Nevertheless 16 miners/explorers are up against only 2 down. But we lack the spectacular double digit gains among our picks: Sandstorm still does best with a 10.5% gain for the month. On balance, our above average exposure to platinum/palladium miners & explorers has been a burden rather than a blessing.

[doubleyou]

EGO nieuws

Eldorado Gold suspends all mining work in northern Greece

http://en.enikos.gr/economy/33940,Eldor ... reece.html

The work suspension means 2,000 people employed by Eldorado and its contractors at Halkidiki will be at least temporarily out of work, the company said.

Eldorado says it has spent $450 million US developing the Skouries and Olympias mines since 2012.

[Leo3.14]

Goud doet niks.
Dow crasht.
Goudmijnen - 10%.

[Indiana Jones]

http://www.tanzanianroyalty.com/officer ... -profiles/

[doubleyou]

Goud doet niks.
Dow crasht.
Goudmijnen - 10%.

Momentopname-update-25 aug.
Goud in dollar zakt ietsepietsie.
Dow stijgt opnieuw een ietsepietsie.
Goudmijnen dalen verder.

[Leo3.14]

Zilver zakt dit jaar van 15.3$ naar 14.6 $.

SLW daalt intussen van 21 naar 12$.