Goud en Zilvermijnen

[Indiana Jones]

Het Commodity Discovery Fund onder leiding van Willem Middelkoop staat met stip op de eerste plaats. Schumacher:
'Het verplettert de concurrentie, die toch al niet te klagen heeft over goede rendementen.'
Met een rendement van bijna 115 procent heeft het fonds twee keer zoveel rendement behaald als de nummer twee in de lijst

[Spruitje]

Barrick Gold Shining Again

Barrick Gold Corp. (NYSE:ABX), the world's largest gold producer, got a big boost yesterday from the U.S. Federal Reserve's decision to keep interest rates unchanged. Shares of the Toronto based company surged by 8.7% at New York on Wednesday, outperforming the S&P-500 as well as its peers Newmont Mining Corp. (NYSE:NEM) and Goldcorp Inc (NYSE:GG).

[Dirkgold]

Hopelijk waait dit snel over .
Beetje raar gedoe.
http://www.reuters.com/article/us-phili ... SKCN11X0AS

De mijn is niet ( of nog niet ) gesloten.
http://www.gmanetwork.com/news/story/58 ... it-results

Beetje tegenstrijdige berichten.
Stukje uit press release van ogc :
The Company confirms that it has not received any formal order from the department and is currently seeking clarification and further details. In the meantime, mining and processing activities are continuing at the Didipio Mine. The Company will consider all avenues, including working collaboratively with the DENR, to facilitate the immediate resolution of this matter to ensure no disruption to our operations and our valued local workforce.

Mick Wilkes, President and CEO said, “We pride ourselves, and have been recognised on numerous occasions, for being a responsible mining company with a long history of operating to the highest industry standards on health, safety, environment, community and sustainability. We are disappointed with the statements made earlier today and will seek clarification and reconsideration from the DENR to further understand and rectify this matter in short order.”

Mr. Wilkes added, “The Didipio Mine has a strong social license to operate. Our achievements since recommencement of construction in 2011 would not have been achieved without our steadfast commitment to the community and most importantly the strong endorsement from the residents of Didipio and the nine other communities in the provinces of Nueva Vizcaya and Quirino.”

The Didipio operation has been a recipient of numerous international and national awards related to its strong track record for health and safety, environmental management and community engagement. In 2014, the Didipio Mine was one of the first mines in the Philippines to be certified by ISO 140001, a leading industry best practice in Environmental Management Systems and the OSHAS 18001 certification, as well as adhering to international environmental and sustainability standards.

[Indiana Jones]

Mining shares in a world of hurt
Posted on October 6, 2016,3:47 pm by Trader Dan

The HUI is coming unglued on the charts with the index falling below long term chart support at the
200 day moving average in today’s session.
It had not been below that key technical indicator since early February of this year.

We are also now seeing the 50 day moving average and the 100 day both moving lower.



More importantly, the ADX line, is now beginning to rise as the price moves lower.
This is ominous as it suggest, NOT CONFIRMS – that the possibility of a trending move lower in the shares
is underway.



The index is a mere 6 points away from having retraced exactly half of the entire move up this year.
You can see that 50% Fibonacci retracement level coming in near 192.

That really is the last line of defense for the bulls.
They either hold it there or it is non unreasonable to expect a move all the way back down to 170.

The other problem with the mining share weakness is that it is telegraphing more losses
in the gold price itself.
Look at how sharply the HUI/Gold ratio is now falling.



The one saving grace that I see in the gold area is the fact that the reported gold holdings in GLD have yet
to experience a substantive drop.
Look out if that starts to happen.

We have a payrolls report due tomorrow morning for the month of September.
If it is strong, gold is not going to hold.
The only hope for the bulls right now is that the report is weaker or weaker than the average pre-report guess.

By the way, First Majestic, cannot get any upside traction.



This suggests that silver has further yet to fall.
It is amazing to me to watch a stock lose 60% of its value in the matter of 2 months.

[Gwyde]

Adequately describing the current state of precious metal markets only requires recalling the Status Quo classic: Deeper and down. Listen here if U like. Gold lost 4.45% over the week, closing at $1257.6, up fractionally from the Thursday bottom. Silver shed 8.36% to $17.53. The heavily battered Platinum slid another 5.85%, quoting back into single digits at $966 and Palladium eventually couldn't continue resisting gravity either, plunging 7.1% to $668. Last week's posting title: "the seasonal lie" unfortunately was most accurate.

Major bloodshed among miners is the expected consequence. The HUI plunged 13.79% to 199.3 (doubling is a past event), whereby the HUI/Gold ratio slid to 0.159. The usual updates have been done on the gold miner pulse blog page.

The damage among the ETF's is comparable, with declines ranging between 12% and 14%. Our Contributor driven Explorer and Junior Miner Spreadsheet was off less (9.5%), with some of the picks finding some shelter in the avalanche: over the week all picks are down but declines vary from 0.9% for Ivanhoe Mines to 23% for Miranda Gold.

Nevertheless the aggregate performance slid back into the red: we now are down 5.6%. Over the long haul we have 8 picks holding on to an advance, while 11 are in the red. We lost Sandstorm Gold and Osisko Royalties among the long term gains.

[Gwyde]

American stock markets closed with a timid uptick on Friday. That can't undo the broad decline earlier in the week. The S&P gave back about 1.5% over the week, while Nasdaq eased less than 1%.

Will precious metal demand soon be halting price erosion? Gold seemed to have left behind its bottom on Thursday, but the slide before the WE decided otherwise. The yellow metal gave back 0.56% over the week, closing at $1250.5. Silver was down 0.86% over the week, closing at $17.38. For the PGM's the slide continued unabated with platinum down 3.42% for the week, ever deeper into the triple digits at $933. Down over $240 since peaking early August, the platinum slump aggravates with the gold to platinum ratio (now 1.34) near its Jan-2016 peak. With a weekly 3.44% slide, palladium is equaling Pt on its race to the bottom.

Miners are upholding relatively well also suggesting that investors tend to believe the worst is behind us. The HUI is flat (+0.1%) over the week, making HUI/Gold uphold 0.159. The usual updates have been done on the gold miner pulse blog page. There also is another update of the Miner Performance Page, showing a vast majority of declines as compared to previous update at the end of September. Long term declines now are creeping into the top quintile, as long term advances are dwindling.

Benchmark ETF's are scattered among tiny declines and timid advances. With a 0.41% gain, our Contributor driven Explorer and Junior Miner spreadsheet is leading the squad. Over the week advances (10) balance declines (9). The major drag again is Miranda Gold (-10%) while Timmin's gold (+12.7%) and B2Gold (=11.3%) are leading.

Long term advances (7) don't make up for long term declines (11) while Integra gold slid back to its break-even level. The long term decline still stands at 5.2%.

[Leo3.14]

Horloge van Novagold loopt voor ?
Altijd al een goeie barometer geweest.

Goud maakt dezelfde tekening nu rond de 200mA daily :
continuation-triangle : daarna gaat de daling gewoon verder ?

[Gwyde]

American stock markets moved sideways last week, with the DJI virtually unchanged and fractional weekly gains for S&P and Nasdaq.

Without any guiding macro-economic news, gold started creeping higher last week. On balance the yellow metal added 1.22% to $1265.7. Less enthusiasm for the white metals, with silver lagging with a 0.69% net advance to $17.50. The PGM's even continued weakening with Platinum declining fractionally (-0.21%) to $931/Oz. As a result the Au/Pt ratio equals its 1.35 peak value posted in January. Palladium slid 3.57% over the week to $622/Oz, confirming once more its outlier reputation.

Miners were picking up steam, with the HUI index getting traction till Wednesday but easing towards the WE. On balance the HUI advances by 8.2% to 216. As a result HUI/Gold firms to 0.17, leaving behind its latest trough. The usual updates have been done on the gold miner pulse blog page.

Benchmark ETF's are advancing handsomely. With a 8.62% gain, our Contributor driven Explorer and Junior Miner spreadsheet is amidst the squad. We therefore regain break-even, ending with a 2.97% aggregate gain.

Over the week advances (17) dominate. The only minor drag being Almaden Min (-2.6%) with Ivanhoe mines flat. Several double digit advances are what make the difference. MAG Silver (+17.5%) is leading advances. BTG and Sandstorm Gold made it to a long term advance once more. This is bringing us to a favorable 10 long term gains against 8 long term declines, with Osisko Gold Royalties flat. They paid a small dividend though.

[Gwyde]

American stock markets went through a lackluster last week of October. The DJI managed to break even (+0.1%), but both S&P (-0.7%) and Nasdaq (-1.3%) retreated over the week.

Precious metals have been alternating declines and advances. However gold added 0.7% on balance closing at $1274.7/Oz on Friday. There was more enthusiasm for silver (+1.31%) to $17.73 and the heavily beaten up Platinum (+4.94%) to $977. As usual Palladium went against the grid, easing 0.48% to $619.

Investors however are turning their back on miners, with the HUI down 4.31% over the week to 207. It won't come as a surprise that the HUI/Gold ratio slid to 0.162. The usual updates have been done on the gold miner pulse blog page. Secondly the HUI is once again beneath its regression line relative to gold, as residuals turned negative after a brief excursion above market neutral miner pricing.

There also is a fresh update on the Miners' performance page. Mines Management Inc. has been acquired by Hecla Silver and left the selection. It was replaced by Mirasol Resources, a prospect generator. There also have been a few name and/or ticker changes. So it's worth taking a look at the text & table section at the bottom.

Benchmark ETF's are sliding without exception. With a 5.9% decline, our Contributor driven Explorer and Junior Miner spreadsheet is near the rear end. Giving up break-even, we end up with a 3.12% aggregate loss. There only were two picks advancing over the week with another break-even against 16 declines. Quite a few double digit declines (Platinum Group Metals, Ivanhoe Miners, Pilot Gold) were the proverbial straw breaking the camel's back.
Sandstorm Gold and Integra Gold gave up their long term advance. This brings us to a less favorable 9 advances against 10 declines.

[doubleyou]

Horloge van Novagold loopt voor ?
Altijd al een goeie barometer geweest.

Goud maakt dezelfde tekening nu rond de 200mA daily :
continuation-triangle : daarna gaat de daling gewoon verder ?

NG : 25% hoger dan 3 weken geleden. Focus daar maar op
Leo, ik denk dat de mijntjes nog gaan vliegen, en AU ook.
You know, just my 2 cents.