Goud en Zilvermijnen

[Gwyde]

The Shanghai stock market rolling over and the Yuan devaluing caused a worldwide stock market recession since mid August. Only last few days, we've seen Western stock markets rallying. Precious metals responded differently: gold upheld rather well and only gave way as the stock market slide aggravated. Silver and the platinum group metals slid along with other commodities, giving back all gains with both silver and palladium setting new post 2010 lows. Palladium lost almost $60 or 10% in two days.

Gale force head winds for the miners, which lost most or all previous gains early this week. The miner plunge was much overdone and gold stabilizing on Wednesday was enough to turn sentiment, with the stock market recovery now a strong support. The miner rally followed through till Friday. On balance the HUI lost only little (0.3%) since previous observation on Aug 14. Our other benchmarks: GDX (-1.7%) and GDXJ (-2%) did less well, whereas the gold explorer ETF GLDX (-4.5%) and silver miner ETF SIL (-4.6%) suffered more. HUI/Gold made plunged to a fresh low before recovering to 0.103. You find fresh graphs on the gold miner pulse blog page. How individual stocks of the GMP database resisted the general plunge or went down with the herd can be checked on the Miners' Performance page.

That doesn't bode well for our contributor driven explorer & junior miner spreadsheet. Yet we make a modest (0.4%) gain since August 14 on account of a stellar rally continuation last Friday. On our list, 9 picks are up since mid August, while 6 are down with 3 more flat. Eurasian Minerals (+20%) leads the winners, while Almaden and Wellgreen Platinum are the major drags on our list, both down double digits.

[Spruitje]

Goudmijnaandelen schrijven geschiedenis

Nico Pantelis in De Standaard 01 sept 2015.

[Gwyde]

Billionaire Rick Rule: This Bear Market is Ending w/ Supply Destruction

Rick Rule joins GoldSeek TV Anchor Vanessa Collette at the recent Sprott Natural Resource Symposium in Vancouver to discuss how this bear market is beginning to end now with supply destruction.

[Leo3.14]

Het koersverloop van RGLD lijkt meest op dat van Lotus Bakeries in zijn jeugdjaren.
Kan probleemloos de 35$ doen zonder de Zwitserse trap te schaden en zijn patroon verder te zetten;


http://bigcharts.marketwatch.com/quickc ... w=&time=20

Deze keer zal het anders zijn ...?

[Gwyde]

Stock market volatility has risen, with the usual relief rallies alternating with slides into an aggravating correction. As Chinese manufacturing industry slows down, industrial metals are under pressure. That includes the usual victims: silver and the platinum group metals. The Gold/Silver ratio tested the 80-level, not seen since the 2008 financial crisis. More usual victims are the miners, testing the early August lows again and bottoming on Friday morning. As the PM's recovered towards the close, so did the miners resulting in a modest gain for the HUI. Yet since previous observation, two weeks ago, the HUI is down 7.65% and the HUI/Gold ratio is once more at or near its all time low (0.097). You find the weekly updated graphs on the gold miner pulse blog page.

Among our benchmarks the damage is comparable: with losses ranging from 6.3% for GDXJ to 8% for SIL. That doesn't bode well for our contributor driven explorer & junior miner spreadsheet. This time we don't escape the downtrend: the loss since Aug 28 amounts to 6.3%, in line with GDXJ. This brings the long term loss to 52.8%. Among individual explorers and miners, only Wellgreen Platinum recovers some of its previous losses, while two more explorers are flat. This leaves us with 15 losses, 6 of which are double digits. After the Friday recovery, MAG silver holds on to a modest long term gain.

[Gwyde]

Double bottom completed
Though stock markets are off their correction lows, sentiment remains troublesome and gains alternate with losses. The FED postponing the first rate hike was not much of a support: we end the week with the main indices retreating.

Precious metals have been in an uptrend, but rather disorderly, with the Platinum group metals first leading but finally retreating on Friday. Both gold ($1139.9, +2.8%) and silver ($15.18, +3.8%) ultimately close the week advancing nicely. Contrary to the early August bottom, gold quoted below $1100 only intraday before the recovery set in. Miners however slid towards or beneath their August lows with some more head winds because of the stock market correction. With the recovery setting in, we've completed the formation of a double bottom, much comparable to the Nov/Dec 2014 double bottom.

As a result, HUI/Gold and SIL/Silver set fresh lows on Friday Sep 11 or Monday Sep 14. Both recovered, making it to the declining 50 dma, which after a sustained downturn isn't much of a challenge any longer. You find the weekly updated graphs on the gold miner pulse blog page.
Among our benchmarks weekly gains vary from 4.9% for GLDX to 9.6% for GDX.

That should be favorable for our contributor driven explorer & junior miner spreadsheet. Yet the performance lags, with a 2% advance over the week. The long term loss now stands at 51.9% (equal weight) or 44.4% (cap weighed). Among our picks, advances lead declines 9 to 7 with Eurasian Min and Ivanhoe Mines flat over the week. There are several double digit gains, lead by Argonaut gold, up over 17% last week. However, Continental Gold and Wellgreen Platinum are a major drag on the list performance, both sliding double digits.
MAG silver holds on to a 10% long term gain.

[Gwyde]

Stock markets have been grinding lower last week, with declines outnumbering advances. On balance Nasdaq is down most, with Biotech out-of-favor lately, the Dow upheld best, even advancing on Friday; year-to-date however, the DJI is lost more than either S&P or Nasdaq.

A mixed pattern for precious metals, with on-balance a 0.56% gain for gold since previous week and a tiny 0.33% loss for silver. An important divergence among the PGM's, with platinum down 3.6% over the week, against a 9.4% gain for palladium, which seemingly also is provoking a short squeeze. The speculators' take on the falsification of emission test results for diesel engines by VW is to short platinum (used in the catalysor for these engines) and go long palladium (only used in the catalysor in gasoline engines).

The Palladium surges completely undoes the earlier Palladium slide, which brought the grey metal down to $530 on Aug 26, a month ago. Yesterday's surge adds to a completing recovery with Pd now at $662, the highest price level since the precious metal slide started aggravating by mid July.

Despite gold firming on balance, we witnessed a dismal slide for miners, only interrupted by a bear market rally on Thursday, mitigating the weekly loss. HUI/Gold first plunged and recovered on Thursday. However it still is down on the week to 0.097. You find the weekly updated graphs on the gold miner pulse blog page.

Among our benchmarks GDX declines by 3.45% and GDXJ by 4.47%. SIL holds the middle ground, down 4% over the week.

With a 1.38% decline for our contributor driven explorer & junior miner spreadsheet, we compare favorably. The long term loss now adds up to 52.53%. We have 5 picks advancing against 12 declining, with Miranda Gold flat over the week. Timmins Gold rallied 33%, mitigating its (extended) long term loss.

Only MAG silver holds on to a 12.7% long term gain, while Pretium Res. nears break-even.

[Leo3.14]

Ik zit short ABX.
1030$ is voor dit jaar.
Denk niet dat ABX dan nog 6$ staat.

[Leo3.14]

Rubicon Minerals : - 40%

Mill operations suspended.


http://finance.yahoo.com/q;_ylc=X1MDMjE ... vert&s=RBY

all is not well in goldiland.

[Gwyde]

Stock markets have been rallying and leaving behind the correction lows. The precious metals also left behind their late August and September lows, posting decent gains in the first half of October. Yet, last week and today's morning session show precious metals to remain 'in a bear market stance'. We no longer witness the rapid and extended swoons, however the very short rallies, typical for bear markets, are there to stay. They're interrupted by streaks of PM's grinding lower. This is but a narrow base for a miner rally to build on.

Last Wednesday rally made our week, with gold and miners grinding lower on all other days. On balance, gold adds 1.84%, silver is up 1.33% over the week, while platinum even adds 3.26% as the shorts are being unwound. Only palladium suffers little (-2.25%) from profit taking. The HUI holds on to a near 30% gain since Oct 1, peaking above 139 on Wednesday sliding to 134.1 by the Friday close. HUI/Gold has firmed to 0.114. You find the weekly updated graphs on the gold miner pulse blog page.

Mixed blessings also among the benchmark ETF's with weekly gains varying from 0.80% for GDX to 3.65% for GLDX. Both 3x leveraged plays NUGT and DUST now are down since inclusion. Volatility kills these trading vehicles.

Our list performance: 3.6% compares favorably: the contributor driven explorer & junior miner spreadsheet now stands at a long term loss of 48.95%. We have 9 advances against 5 declines. Oct 5 also was the end of the line for Romarco Minerals, which has been acquired by Oceana Gold. Both target and acquirer being on our list, we will move Romarco Minerals (down 52% since inclusion) to the 'exile section'. Oceana Gold declined after the deal was announced, but may now start building on synergies. With PM prices not too much doublecrossing the miner recovery, OGC may soon join PVG and MAG among the long term winners.