Goud en Zilvermijnen

[Gwyde]

The Chinese new year has passed and we now are in the year of the monkey. Let's hope not monkey business. American stock markets recovered some of their losses after a decent week. Nasdaq still is down little over 10% for 2016, but the tech index delivered the best return (+3.85%) for the week.

Precious metals sold off after their rally: after the Chinese new year a tough period often starts. Gold has been trending inversely to the broad stock market lately. This correlation may be short term: remember that the major part of the gold bull from early 2003 till late 2007 coincided with the stock market rally after the tech bust. The yellow metal limited its weekly loss to 0.96% closing at $1226 in this short trading week. The white precious metals suffered more: silver slid 2.73% to $15.32. Among the PGMs platinum eased 1.78% to $937 whereas palladium plunged 4.7% to $497. The HUI miners index is down less than 3% making HUI/Gold ease only little. You find updated graphs on the gold miner pulse blog page.

Among our benchmarks, GDX and GDXJ are down 2.44% and 0.88% respectively, while GLDX manages to gain 2.35%. Our contributor driven explorer & junior miner spreadsheet has been in a sunny spot, progressing by 2.86%. The accumulated loss would reduce to 41.86%. However after moving Wellgreen platinum to the exile list, the long term loss only shows 40.07%. This purely 'cosmetic' operation is compensated for when taking the total accumulated result (including profit and loss taking in disvestments) which stands at 44.44%. We have 11 stocks advancing against 7 declining over the week. (Wellgreen Platinum also ended its last week advancing 13%). PLG rallied over 70%; too bad we were deeply into the red on this one, which limits the impact on the aggregated performance. Some profit taking on OGC was about the worst happening to our listed stocks.

[Gwyde]

American stock markets alternated advances and declines last week, yet on balance indices strengthened led by a 1.91% weekly gain for the Nasdaq Composite. Its loss year to date now stands at 8.33% back into single digits. Lately precious metals have been trending inversely to stock markets. This again holds, yet precious metals clearly continue bifurcating: gold upholds relatively well, with only the Friday decline pushing the yellow metal to a 0.34% weekly loss, closing at $1221.8. The white metals continue lagging, with silver selling off 4.24% over the week to $14.67, platinum weakened 2.56% to $913 and palladium slid 2.82% to $482. The slide of the white precious metals once more raises concerns on the weakening of global manufacturing demand. The nascent stock market recovery is mainly due to expectations that the FED will pause rate hikes. Hence it may not be very sustainable: for how long can stock markets be propped up by a generalized central bank liquidity glut, when global growth is slowing and more countries slide into a recession?

Despite a 3.7% Friday slide, the HUI index upheld very well, advancing 1.78% over the week. This pushes the HUI/Gold ratio to 0.132. You find updated graphs on the gold miner pulse blog page.

Our gold-miner-pulse mining indices (with most quotes in CAD) weakened 2.33% (gold miners) and 1.78% (silver miners). This sets the trend for our contributor driven explorer & junior miner spreadsheet, which slid 3.22% making the long term loss deteriorate to 42.05% (45.07% including exits). We had 6 list components advancing against 10 declining with two unchanged. Reservoir minerals gave back its gain since inclusion. We're down to three long term gains. The 25% rally of Pilot Gold didn't help too much: we're mainly reducing extended losses. The double digit slides of MAG silver and Pretium Resources in turn made us lag the benchmarks.

[Leo3.14]

@ Cavajo :

Welke mijn(-en) had jij nog buiten Asanko?
Kan het niet direct terugvinden en hou ervan dat ook wat te volgen, kwestie van te zien hoe 'lotgenoten' het stellen...

[Dirkgold]

http://finance.yahoo.com/q?s=GSV

Gaat snel. was aan het wachten op een terugval na de sterke stijging om in te stappen.
Blijft gewoon stijgen.
Had willen kopen aan 0,75. nu 1.10 .

[Gwyde]

American stock market indices continue recovering with weekly gains between 2.20% (DJI) and 2.76% (Nasdaq Comp). Year-to-date losses now are down to the lower single digits. As such we may break even for the year if the present recovery continues this week.

A new dawn for precious metals: gold no longer varies inversely to the stock market. Instead the yellow metal rallied to a 12 month high near $1280 intraday to end the week up 3.05% at $1259.1. The white precious metals ultimately stopped lagging the gold: over the week silver adds 5.73% to $15.51, platinum rallies 7.12% to $978 and palladium surges 14.7% to $554.

Miners rally but without any euphoria: the HUI index adds 6.54% to 172, making HUI/Gold firm a little to 0.136. You find updated graphs on the gold miner pulse blog page.

Our contributor driven explorer & junior miner spreadsheet (with most quotes in CAD) rallied 10%, outperforming both the HUI and the different benchmark ETF's. This reduces the long term loss to 36.26% (43.2% including exits). We have 16 list components strengthening against only two minor declines over the week. Reservoir Minerals rallies 22% and joins the three long term winners: MAG silver, Oceana Gold and Osisko Gold Royalties. Pretium Resources cuts its long term loss to the low single digits after a 24% weekly rally. Finally PLG (Platinum Group) adds another 32%, mitigating its long term loss.

[Dirkgold]

sterker dan gedacht. pas vorige week een nieuwe ATH.
Lijkt weer sterk te openen. Gisteren groot volume.

http://finance.yahoo.com/q?s=OGC.TO

reageert waarschijnlijk op de stijgende koper prijs.
hun investering in gsv doet het ook niet slecht.

[Dirkgold]

raar volume vandaag.
34 miljoen
normaal 3
hopelijk geen take over.
Dan is het jaren lang investeren in gigantisch potentieel weg.

[cavajo]

@ Cavajo :

Welke mijn(-en) had jij nog buiten Asanko?
Kan het niet direct terugvinden en hou ervan dat ook wat te volgen, kwestie van te zien hoe 'lotgenoten' het stellen...

Dag Leo,

net terug van reis.
qua mijnen, na in- en uitstappen...

-assanko akg
-red eagle rd
-yamana yme

heb heel wat vertrouwen ( misschien teveel ) in red eagle.
( kweet het : weeral dat buikgevoel ).

mvg,
cavajo

[cavajo]

nog een mijntje vergeten....

de cash cow van het groepje : oroco resources......
lijkt me stilaan begraven.
was nochtans een "veelbelovende junior".
en blijft een potentie hebben : in hun grond ZIT goud.

Cavajo

[cavajo]

zonder alzheimer te hebben,

een allerlaatste ( heb momenteel niet , maar vaker wel dan niet ).
Tahoe Resources, vertrekkend vanuit Rio Alto Mining.

aan Rio heb ik mooie scores gehaald, maar na de overname door Tahoe een vlakker parcours.
Tahoe staat op mijn "watchlist", en ik zie dat het deze week " eindelijk " ewa in beweging komt.

ben ook reeds een jaar uit Pilot Gold ( zeer zwaar afgestrafte explorer ).

Cavajo

( heb er wel nog een aantal op de watchlist, die ik nog nooit aankocht... )
voor een latere keer