Freegold Forum

After a lackluster start , stock market advanced this week and eventually the S&P now ends above break-even for the year. The DJ Ind also is up 1.28% year-to-date. Only Nasdaq comp has some more work to do and once more lags with a weekly gain nearing 1%.
Precious metals were jittery last week, with the Wednesday rally essentially determining market direction. Gold holds on to a 0.4% weekly gain closing at $1255, despite fractional losses on four trading sessions. Silver adds 2.1% for the week, closing at $15.79. Among PGM's, platinum adds 0.9% to $971 while palladium continues recovering with a 2.6% weekly gain to $588.

Mining investors are half convinced that the PM rally is sustainable. The HUI adds 3.4% over the week, making HUI/Gold strengthen to 0.144. You find updated graphs on the gold miner pulse blog page. Gains on the benchmark ETF's vary from 3.15% on GDX to 6.65% for SIL. For the third consecutive week, silver miners outperform gold miners as shown by the GoldMinerPulse list based indices. In the top-5 ranking, AZ Mining (formerly Wildcat Silver) has taken the lead. Tahoe, MAG silver and Fortuna Silver only leave gold/silver producer Klondex Mines among the top-5.

Our contributor driven explorer & junior miner spreadsheet didn't continue outperforming. With a 3% gain for the week, the long term loss mitigates to 30.75%. We have 11 list components advancing against 7 declining. Osisko Royalties weakened, giving back its tiny gain since inclusion: we now are down to 3 long term gains. Advances are led by double digit gains for B2 Gold and Mirasol Res, which nears break-even. A 12% decline for Timmin's gold doesn't hurt the list performance too much, since the stock is the list laggard, down over 85%.

Novagold, steeds de eerste zwaluw.

Leo3.14 wrote:Novagold, steeds de eerste zwaluw.

and lift-off.

Sustained miners rally

The stock market recovery has lost steam: American market indices are down for the week. S&P500 and DJI hold on to a tiny gain over 2016, while Nasdaq still is down 3% for the year, deepening its loss by 1.3% this week. Precious metals were firming on balance, though advances are moderate. Gold is up 1.35% for the week, closing at $1238.4/Oz, while silver adds 2.06% to $15.36/Oz. Platinum lags with a 0.94% advance to $966/Oz, while palladium disappoints with a 4.26% loss to $540/Oz.

There is more enthusiasm among miners, with the HUI rallying 7.87% over the week to 194.1. As recently as Jan 19, the HUI bottomed near 100. Doubling is written in the stars. The HUI/Gold ratio is firming to 0.1567. You find updated graphs on thegold miner pulse blog page. On the long term Miners' performance page, we have our first double: AZ Mining is up 148% since the start of the list in Nov 2010. Advances remain a minority of 12 explorers or miners out of 94: despite recent gains, miner bear market losses only have been somewhat mitigated.

Gains on the benchmark ETF's vary from 5.58% for SIL to 10.46% for GLDX. With a 5.75% gain, our contributor driven explorer & junior miner spreadsheet is within the lower part of that range. The long term loss however is reduced to 26.7%. (Including divestments, we still are down 40%.) Over the week, 14 picks are advancing, while only 3 list components incur a loss. Miranda Gold ends the week unchanged, giving back earlier gains on Friday.

Pretium is up 10% over the week and again joins the team of long term winners. Yet Almaden Minerals leads advances by a wide margin: the stock ends the week with a 57% gain, after adding close to 22% on Friday.

American stock market curbed last week's decline, a hesitating progress adds to the small YTD advance of DJI and S&P500, while the Nasdaq creeps closer to its break-even for 2016.

It's a mixed bag for precious metals, with gold eventually giving way mid week. The modest Friday recovery doesn't get us out of the red for the week. Gold is down 0.35% to $1234.1. Silver however resisted the down draft on Wednesday an Thursday and held on to handsome gains: the white metal is up 5.7% for the week to $16.23. PGM's also are stronger. Platinum reached $1000/Oz on Tuesday, but lost most of its gains to close the week with a modest 1.9% advance to $984. Palladium fully recovered from last week's counter-trend loss, gaining 5.2% to $568/Oz.

On balance, the HUI added 2.11% over the week, closing at 198.2. By Tuesday, the HUI made a double since its trough on Jan 19, but gave back much of its gains as gold turned south. Still the HUI/Gold ratio firmed to 1.60, despite gold fractionally weaker. Miners are remarkably resilient. You find updated graphs on the gold miner pulse blog page.

Gains on the benchmark ETF's vary from 3.54% for GDX to a stunning 15.55% for GLDX, the Global-X gold explorer ETF: asset concentration to a limited explorer selection can be both a blessing or a curse... and curses seem to have worn out.

Our contributor driven explorer & junior miner spreadsheet adds 5%. The long term loss is reduced to 22.6%. (Including divestments, we still are down 38.8%.) Over the week, 17 picks are advancing, with only PLG selling off 20% after its winning streak. Prospect generator Mirasol now also posts an advance since inclusion. By now 6 list components post long term gains against 12 long term losses.

ath vandaag
zelfs de close is nog mooi.
4.24 ( ath 4.25 )

vandaag opnieuw mooi ( 22 april )
ATH 4.34 koers nu 4.28

Als goud nu een beetje wil meewerken. Einde van het jaar gaat de nieuwe mijn online. ( haile )

After the recovery rally that took us from the February lows, American stock markets show signs of vertigo. Both the DJI and the S&P alternate advances and declines. On balance both are up fractionally over the week and have advanced 3.3% and 2.3% YTD respectively. Nasdaq keeps on lagging with a 0.6% decline over the week and recedes further from its break-even.

Precious metals are bifurcating, but not the way we used to witness until recently: now the white precious metals take the lead. On balance gold is down fractionally (-0.15%) over the week to $1232.2. At the other hand, silver rallied 4.5% to $16.96 (failing to hold on to $17 on Thursday). The PGM's join the rally with Platinum consolidating above $1000 and closing at $1009/Oz, a 2.54% advance. With a 6% weekly advance to $602, Palladium outpaces all other PM's.

Despite stagnating gold, the HUI advanced 2.1% over the week to 202.3 having doubled since its Jan 19 bottom near 100. The HUI/Gold ratio is again firming to 0.164. You find updated graphs on the gold miner pulse blog page. On the long term Miners' performance page, long term advances remain a minority of 16 explorers or miners out of 94: despite stellar gains YTD, miner bear market losses only have been mitigated.

Gains on the benchmark ETF's vary from 1.76% for GDX to 7.83% for SIL. With a 4.5% gain, our contributor driven explorer & junior miner spreadsheet performs in line with its peers. Meanwhile the long term loss is reduced to 19.15%. (Including divestments, we still are down 37.7%.) Despite the pull back on Friday, 16 picks are advancing over the week, while only 2 list components incur a loss.

On balance 6 picks are up since inclusion, while 12 are down. MAG silver now takes the lead, up 72% since inclusion. Most quotes are on the TSX in CAD; hence long term performance for US and EU investors is affected by exchange rate fluctuations.

Naast AEM & NG nu ook Mux en GG aangeschaft.

Mooie resultaten, behalve verlies op de hedges. 0.04 cents, zelfde als vorige kwartaal.
Hopelijk wat goed nieuws in de conf call.

Sinclair zijn mijnbedrijf lijkt kaputt:

Force Majeure – Where from here?
March 3, 2016
http://www.tanzanianroyalty.com/wp-cont ... elease.pdf
What are our options now?
1. We negotiate successfully in the 30 day period with Stamico, the government of Tanzanian who
guarantee our freedom to operate and protection against all interference of our contract rights. This
then opens the traditional financing door.
2. We proceed to London Binding Arbitration with financial demands equal to our invested funds in
Tanzania, lost opportunity and damage to the value of our shares.
3. We seek a sale of all our Tanzanian assets to a major mining company in Tanzania with commitment
of size. The structuring of the transaction would be for shares, not cash in this what we believe will
soon to be major gold bull market.

Al zijn mijngebieden in Tanzania lijken te worden geconfisceerd door plaatselijke bevolking, met goedkeuring van de overheid.
(Mugabe tactieken). Hij hoopt nog te verkopen, de vraag is of hij .. en de andere aandeelhouders er nog wat aan overhouden.