Goud en Zilvermijnen

[Gwyde]

Opinion polls on the US presidential election were equally wrong as the UK polls on the Brexit. The people equally voted against the establishment, favoring the populist Trump, a loudmouth play ground bully since his early years, the like of Nigel Farage. Yet probably all resemblance stops there.

The impact of president elect Trump on American society may be just as pronounced as the Brexit in the UK, the response of financial markets turned out quite different and again went against the mainstream forecasts. Fear and uncertainty made Asian markets slide, whereas the loss in Europe stayed contained and US markets eventually ended higher upon the election result. US stock markets continued rallying ending the election week up about 3.8% (S&P and Nasdaq); the DJI even surged 5.36% over the week.

A mirror like image for precious metals, with gold making an intra-day high above $1300 upon initial indications favoring a Trump election victory, with enthusiasm waning over the day and gold ending virtually flat on Wednesday: the start of an exasperating plunge. The yellow metal ends the week at $1227.6/Oz, down 5.86% over the week. The white precious metals initially resisted better. Yet the silver plunge on Friday was even more breathtaking. Silver ends the week down 5.65% at $17.37/Oz. Platinum slid 5.42% to $942, while Palladium went against the grid as usual, firming 7.36% over the week to $671, despite its Friday retreat.

It is obvious that speculators made a U turn from 'risk-off' being long gold to 'risk-on' being long the stock market and 'short gold'. The long to short speculative position swing on Comex gold futures exceeds the annual global mine production.

The carnage among miners is predictable: the HUI plunged 17.11% over the week, tumbling to 180.2. The HUI/Gold ratio thereby slid to 0.147, the lowest level in over 6 months, as you notice in the first graph on the gold miner pulse blog page. Nevertheless the HUI almost perfectly followed its regression line: residuals remain mildly negative. There is no indication of 'capitulation'.

Among our benchmark ETF's, losses are comparable to that of the HUI: ranging 16.2%-17.7%. Only SIL was off a little less (-14.9%). Poor comfort that with a 14.55% decline, our Contributor driven Explorer and Junior Miner spreadsheet is the best in class. Two miners advance against the trend, yet among declines we face quite a few double digit slides, as could be anticipated. Sandstorm Gold, Osisko Royalties, Osisko Gold and B2Gold gave up their long term advance, which brings us to an unfavorable 6 advances against 13 declines since list inclusion. The long term decline now posts 15.06%.

... en er nog bijvertellen dat ook de Miners' Performance pagina een update heeft gekregen. Sedert 28 okt hebben 78 mijnbedrijven op 94 terrein verloren. Slechts 10 gingen vooruit terwijl er 6 ongeveer ter plaatse bleven trappelen.

[Leo3.14]

FR.TO : First Majestic Silver Corp.

3$ naar 24$ op 6 maand.
Deze 'voetafdruk' is de voetprint van een reus in wording : IMPRESSIONANT !
Nog iets te vroeg om te kopen nu , maar staat op mijn watchlist.


http://www.firstmajestic.com/corporate/ ... e-company/

Zelf huiswerk maken.

[Indiana Jones]

FR.TO : First Majestic Silver Corp.

3$ naar 24$ op 6 maand.
Deze 'voetafdruk' is de voetprint van een reus in wording : IMPRESSIONANT !
Nog iets te vroeg om te kopen nu , maar staat op mijn watchlist.


http://www.firstmajestic.com/corporate/ ... e-company/

Zelf huiswerk maken.

October 13, 2016 / First Majestic Silver Corp. is pleased to announce that total production in the third quarter of 2016 from its six operating silver mines reached 4.5 million silver equivalent ounces. Total production consisted of 3.1 million ounces of silver, 14,452 ounces of gold, 8.0 million pounds of lead and 1.5 million pounds of zinc."Higher silver grades, throughput rates and recoveries propelled silver production to a new Company record of over 3.1 million ounces during the quarter," said Keith Neumeyer, President & CEO. "We saw significant grade improvements, particularly at Santa Elena, La Guitarra and San Martin, as a result of improved mine sequencing and dilution control. Due to the improved operational cash flows, we've significantly expanded our exploration programs resulting in 19 drill rigs currently active on our properties which will allow us to release updated Reserve and Resource estimates for Del Toro, La Parrilla and San Martin in the first quarter of 2017. At La Encantada, detailed engineering has been completed and furnace manufacturing has started for the construction of our new roasting circuit planned for final completion in the fourth quarter of 2017."

Did my homework and 'Another Thought' occurred to me:'buy the news/gossip, sell the fact'
$24 was het begin Augustus al en na de feiten gezakt naar $10/$11
Nu zal het dus van de fundamentals afhangen of FR het waar kan maken om weer naar
de $24 (niveau 2013) kan stijgen terwijl de zilverprijs zakt

[Leo3.14]

Did my homework

ziet er intrinsiek toch beter uit dan uw EGO-otjes zunne.

[Indiana Jones]

Did my homework

ziet er intrinsiek toch beter uit dan uw EGO-otjes zunne.

Zekers .... maar de news/gossip was het debacle in Griekenland.
Ik had geen idee en toen ik las waardoor was ik te laat.
Was een kwestie van sell the news and buy the fact (omgekeerd dus)
Wanneer je net iets te laat bent ... ben je altijd 'de sjaak'

[Leo3.14]

Nu zal het dus van de fundamentals afhangen of FR het waar kan maken om weer naar
de $24 (niveau 2013) kan stijgen terwijl de zilverprijs zakt

tegenstroom zwemmen ?
Denk het niet.
Toen de banken in 2008 superwinsten rapporteerden, waren ze 3 maand later gedecimeerd...., want de bankensector zat op zijn gat.

Een mijn is een eindig iets : als de voorraden op zijn , gaat de mijn naar nul.
Je zal zelden een mijn zien die vooraf opgebouwde ' steunzones' NIET breekt bijgevolg = klaarzetten voor de terminale diagnose, later, soms decennia later.

Steunzone voor FR is de 6 zone: die gaan we zeker ff perforeren imo.
Afhankelijk van de drama-opvoering kan zelfs de gap net onder de 5$ nog opgegeten worden.

Typisch voor een Elliotwave 3 is dat de opeenvolgende golven bijna voortdurend de vorige golf 'coveren/opeten' .
Bij zilver is dat extreem (daarom zijn zilvertoestanden dan ook zo volatiel en 'gevaarlijk'.)

Name of the game is nu lagere POG/POS , terwijl de mijnen (net-?) hogere lows gaan zetten.

Voor de mijnen einde elliotw. 3/2...:
Wat volgt zal hallucinant zijn , net als de verkozen leiders tegenwoordig.





my 3.14 cents

[Leo3.14]

debacle in Griekenland.

Griekenland is geen stabiel land. ( EGO )

Net als Z-Afrika niet stabiel is. ( GI met zijn GFI destijds...)

Net als .... Mexico geen stabiel land is ...(FR..) straks

[Gwyde]

The post-electoral optimism on American stock market seems having run its course. Over the week, market indices nevertheless hold on to modest gains.

Precious metals once more are a different story. We enjoyed a brief recovery till Tuesday, which however was smothered during the following days. On balance gold is down 1.65% to $1207.4. Silver sheds 4.72% to $16.55. The PGM's keep bifurcating with Platinum easing another 2.1% to $922 and Palladium going against the trend as usual, firming 7.75% over the week to $723, after posting a 12 m high earlier this week. The stronger greenback offsets lower precious metal prices, which supported miners. The HUI adds a modest 1.06% over the week, making HUI/Gold firm a little to 0.151, as you notice in the first graph on the gold miner pulse blog page. 

Over the long haul, the HUI correlates very well with the gold price, with a linear regression which is highly predictive (and residuals which seem to have their own story to tell).

Our benchmark are a mixed bag, with timid advances for GDX (+0.6%) and GDXJ (+0.8%) and declines for GOEX (-2.46%) and SIL (-1.37%). With a 1.25% advance, our Contributor driven Explorer and Junior Miner spreadsheet is the best in class. Over the week we have 13 picks advancing against 6 declining.  Yet since inclusion on the list, the proportions are exactly opposite. The blunt average long term loss stands at 14%, yet the weighed result post just above break-even.

[Indiana Jones]

Ooit een favo van Gwyde ... NDM ... roeit tegen de stroom in

[Gwyde]

Stock markets continue advancing, with the S&P and DJI setting new all time highs. The USD is firming at the same time, while long term interest rates are creeping higher. Bond markets have a hard time.

Meanwhile there 's little left of what has been the 2016 gold recovery. The usual victims of Thanksgiving are turkeys and gold. While there can be no exception to the former, I don't really recall any Thanksgiving week with gold rising; perhaps it's worth a statistical study. Gold slid below $1200 closing at $1181 on Black Friday at noon, a weekly loss of 2.7%. Silver closed at $16.46, with a limited weekly loss of 0.54%. PGM's continue bifurcating, with Platinum sliding over 2% to $903 and Palladium advancing 2.6% to a fresh 12 m closing high ($742).

The HUI posts a 3.48% loss making HUI/Gold weaken to 0.149. The usual update of the gold miner pulse blog page tells you more. Among our benchmark ETF's declines vary between 1.21% for SIL to 2.1% for GDXJ. With a 1.02% decline, our Contributor driven Explorer and Junior Miner spreadsheet is best off. Over the week we have 7 picks advancing against 12 declining. With many quotes in CAD, there is some Forex tail wind to our list performance.

Over the long haul declines still lead advances 13 to 6, while the average long term loss posts at 14.9%. The cap weighed return is almost flat (+0.18%).