Goud en Zilvermijnen

[Leo3.14]

Leo ik hou het bij je dubble top area 1375-1400 area

Heb vandaag 'iets' fibo gevonden die een 1520 top in 2019 lijkt te duiden.
We selle sien hée bij NG 9.....

[Gwyde]

American stock markets went slightly higher last week, with Nasdaq leading, while the narrow DJI disappointed, just about failing to break even. Precious metals rallied from their early July lows, with Gold up 2.12% over the week to $1254.1, while the heavily beaten up silver rallied 3.83% to $16.5. PGM's lag, with Platinum adding 1.63% to $934 and Palladium easing 1.53% against the  trend. With the greenback sliding to a 10 months low against the euro, international investors are less impressed by the PM rally. USD weakness ultimately starts supporting Precious Metals. In the mean time, US analysts obstinately point to the more dovish tone coming from the FOMC, discarding the possibility for a summer Fed funds rate hike.

Miners are outperforming gold, with the HUI up 3.16% over the week  and HUI/Gold firming marginally to 0.1529  as shown on the GMP page.  No euforia however, since the residual of HUI against the HUI/Gold regression line keeps sliding into the red.

Among Miner ETF's weekly advances vary from 2.35% for GDXJ to  3.85% for SIL, predictably responding favorably to the silver rally.  Our Contributed explorer and junior miner list is among the squad firming 2.49% on a comparable base to a long term gain of 11.72%. Whenever the term 'comparable base' enters comments, this implies there has been a list change: the previously announced acquisition of Integra Gold by Eldorado Gold Corp. was completed, resulting in the delisting of ICG.  The stock has been moved to the 'successful exits' tab.  Selling ICG in anticipation would have yielded a better return.

Over the week, there were 12 advances against only 2 declines, with 4 list components breaking even. Osisko Gold leads advances with a double digit rally.

[Dirkgold]

Ziet er goed uit :
http://www.businesswire.com/news/home/2 ... ost-Update
Consolidated silver production for the quarter of approximately 558,000 silver ounces and 1.2 million silver equivalent1 ounces, representing increases of 7% and 6%, respectively, when compared to Q1, 2017, and increases of 1% and 18%, respectively, year-over-year.
Consolidated cash costs2 for the quarter were approximately $6.31 per silver ounce, a decrease of 40% when compared to Q1, 2017 and 45% year-over-year, while consolidated all-in sustaining costs2 were approximately $9.74 per silver ounce, a decrease of 30% when compared to Q1, 2017 and 33% year-over-year.
As at June 30, 2017, the Company had spent approximately $10.5 million of the revised $18 million budget for the San Rafael development project located in Sinaloa, Mexico and expects to have sufficient resources from cash on hand and cash flow generated from continuing operations to fund the remaining project development. The project is on time and on budget for production before the end of the third quarter.
Guidance for 2017 remains at 2.0 - 2.5 million ounces of silver production with projected cash costs of $4.00 - $5.00 per silver ounce and all-in sustaining cash costs of $9.00 - $10.00 per silver ounce. Silver equivalent production has been reduced slightly to 5.0 - 5.5 million ounces.
The Company had cash and cash equivalents of $12.8 million at June 30, 2017.

[Indiana Jones]

Tanzania sent Acacia Mining Plc a tax bill equal to almost
two centuries worth of the gold producer’s revenue.

[Leo3.14]

Acacia en C° :

NG of QQQ ?

QQQ

[Gwyde]

While stock markets are struggling, precious metals keep strengthening. Gold added 1.16% over the week to 1269.1 while silver added 1.45% to $16.74. PGM's were mixed with platinum barely breaking even (up $1 to $935), whereas Palladium added 3.69% to $872 (after lagging previous week).
Due to the USD continuing to weaken, miners are less enthusiast about the precious metals rally. Though the HUI is up 2.35% over the week, that's almost entirely due to the 2.1% Friday rally. The HUI is giving way relative to the HUI/Gold regression line, with the residuals now firmly negative.

The HUI/Gold ratio posts at 0.154, barely higher than last week. One bright note: HUI/Gold broke its declining triangular pattern to the upside last week. The Wednesday miners rally was however followed by a slide on Thursday upon gold barely weaker. Since June 30, the yellow metal is up 2.25%. The early July weakness has been healed. However, over the same time stretch the Euro appreciated 2.27%, meaning gold is essentially flat for Europeans.

... and talking about the HUI: this index of USD denominated stock prices is doing better than our GMP list based gold index (with CAD quotes). The GMP silver miners index is even marginally weaker. ETF's are diverging: whereas GDX almost catches up with the HUI (+2.2%), GDXJ lags, advancing only 1.5% and both GOEX and SIL are struggling to break even. Our Contributor driven explorer and junior miner list had a poor week, easing 1%. To our credit, most quotes are in CAD. We had only 4 miners advancing against 10 declining over the week, though variations are all single digits. Heavyweights PVG and OGC both down over 5% are the major drag on the list. LGD advancing 9.76% doesn't really compensate.

[Leo3.14]

EGO :

RIP ?

[Gwyde]

Amerikaanse aandelenmarkten lijken zich alsnog weinig zorgen te maken. De DJI stoomde door boven 22K naar een weekwinst van 1.2%. Daarmee gaf hij de S&P500 het nakijken. Nasdaq moet nog tegenvallende cijfers van Amazon verteren en gaat 0.36% lager op weekbasis.

Terwijl in juli de goudprijs ternauwernood het afkalven van de USD kon compenseren, gaat het nu van kwaad naar erger. Na nog een ferme tik, kan de USD herstellen en het verlies op weekbasis beperken. Het afgesproken sein voor de goud shorters om de prijs van het gele metaal lager te sturen. We eindigen de week op 1258.4 of 0.84% lager. In euro moet de €1070 eraan geloven, 3-digit eurogoud valt niet meer uit te sluiten... Zilver kreeg een weekverlies van 3% aangesmeerd tot $16.24/Oz. Bij de PGM's was het de beurt aan het fel afgestrafte Platina om tegen de trend hoger te gaan ($963) terwijl Pd goud volgde (-0.8% tot $865) . De Pt/Pd prijsinversie lijkt opnieuw iets verderaf.

De HUI index gaat 2.31% lager over de week, zodat HUI/Goud ook terrein prijsgeeft tot 0.1516. De residuals tov de HUI/Goud regressielijn blijven negatief maar de verslechtering zet zich niet verder door. De ETF's noteren in verspreide slagorde, maar moeten terrein prijsgeven tov de HUI. GDX houdt het bij een weekverlies van 2.58%. Daarentegen gaat SIL meer dan 5% lager door het afgelijden van de ziverprijs en doordat het tweede kwartaal voor First Majestic beneden de verwachtingen bleef.

Onze Contributor driven explorer and junior miner list houdt zich sterk. Met een weekverlies van 1.83% doen we het net iets minder slecht dan de HUI. Vijf aandelen gaan hoger tegen negen lager de afgelopen week. Miranda Gold blijft onveranderd.

En over EGO: is inmiddels afgegleden tot het laagste quintiel in de Canadian Miners Performance list. De acquisitie van Integra Gold weegt wat op de koers, terwijl de AISC van $900 net boven het gemiddelde van de 'peers' ligt. Het griekse avontuur heeft een smak geld gekost. Brent Cook heeft EGO opgenomen in zijn lijstje van majors waarover gerapporteerd werd in een eerder artikel. Zie daarvoor de laatste post 'Too big to fail?' in de thread Exploration Insights.

[Dirkgold]

http://www.businesswire.com/news/home/2 ... 0GX4s8U1BQ

2 cent winst. Ondertussen stijgen lood en zinc. Nieuwe mijn komt online dit kwartaal. Ziet er goed uit.

Revenues of $17.2 million in Q2, 2017 compared with revenues of $12.8 million in Q2, 2016.

Cash flow generated from operating activities1 in the first 6 months of 2017 of $6.3 million, including approximately $3.2 million in Q2, 2017, compared to cash generated from operating activities of approximately $1.6 million for the first 6 months of 2016, including $0.7 million in Q2, 2016.

A net income of $0.9 million or $0.02 cents per share in Q2, 2017, compared with a net loss of ($2.1) million or ($0.07) cents per share in Q2, 2016.
Consolidated silver production for the quarter of approximately 558,000 silver ounces and 1.2 million silver equivalent2 ounces, representing increases of 1% and 18%, respectively, compared to Q2, 2016.

Consolidated cash costs3 for the quarter were approximately $6.31 per silver ounce, a decrease 45% year-over-year, while consolidated all-in sustaining costs2 were approximately $9.74 per silver ounce, a decrease of 33% year-over-year.

San Rafael remains on budget and on time for the start of production by the end of Q3, 2017.
Guidance for 2017 remains at 2.0 - 2.5 million ounces of silver production and silver equivalent production of 5.0 - 5.5 million ounces with projected cash costs of $4.00 - $5.00 per silver ounce and all-in sustaining cash costs of $9.00 - $10.00 per silver ounce.

Americas Silver is pleased to announce the appointment of Manuel Rivera to its Board of Directors effective August 2, 2017.
Cash balance at June 30, 2017 of $12.8 million with net working capital of approximately $18.3 million.

[Leo3.14]

barometer NG :
4-6-4 : ok
lagere bodem : ok
triple bodem @ 4 : ok
**
next : 7-6-9

** : niet meer onder de 4 wordt wellicht : nog lichtjes onder de 4.= quadruple bottom ?
Mooie candle gisteren.Nu nog volume.

De rol van NG als barometer lijkt wel fel afgezwakt tot meeloperke. : cfr FNV/RGLD/SSRM ea. ?
Lijkt er op te wijzen dat deze move geen kracht zal hebben : dead end street.