Goud en Zilvermijnen

[Gwyde]

After hesitating for a week, precious metals ended the week rallying. For both gold and silver Friday's gains more or less coincide with weekly advances. Gold is up 0.93% for the week to $1278.5, while silver adds 1.27% to $17.53. PGM's diverge with Platinum unable to wipe away earlier losses and still down 0.53% for the week, ending at $954 and Palladium consistently higher with a weekly advance of 6.08% at $837. On Thursday, the Pt-Pd price gap has been narrowing to $106 (now $117).

Miner quotes have been eroding gradually, lagging precious metals. The HUI/Gold ratio slid to 0.1497. More such graphs on the Gold Miner Pulse page. Not surprisingly the HUI slid deeper below the HUI/Gold long standing regression line, with the residuals now deeper into 'oversold' territory.
The Miners Performance evaluation tells the same story. Declines outnumber advances since the previous check, while both median and average decline are deepening.

The contributor driven explorer and junior miners spreadsheet follows suit, with a weekly loss of 1.51 it is amidst the squad: GDX and GDXJ are down less than 1% but GOEX and SIL slid 1.56% and 2.14% respectively. After removing Asanko Gold to the exile section last week, we are down to 18 components with 8 long term gains against 10 declines. Over the week declines outnumber advances 9 to 6 with 3 picks flat. There are no double digit moves.

[Gwyde]

Arizona Silver Exploration (AZS.V) -waarvan hierboven sprake- heeft niets gemeen met Arizona Mining (AZ.TO) dat op de hoofdtabel van TSX noteert, behalve dan dat de naam verwijst naar dezelfde staat en dus een naburig mijnbouwgebied.

Arizona Mining (vroeger Wildcat Silver) wordt al jaren opgevolgd op de Canadian Miners Performance pagina en maakt deel uit van de Silver Mining Index. Het is één van de top performers van de Gold Miner Pulse database.

[Gwyde]

American stock markets were making fresh all time high's... until Friday. The bellwethers of the tech stocks on Nasdaq had gotten ahead of themselves; such tendency continues while buyers keep on piling in. On Friday the curtain fell, with a triple digit drop of Nasdaq Comp or 1.8%. Over the week Nasdaq is down 1.55%, while the S&P only eased fractionally and the DJI was still advancing.

Divergence also among precious metals. On Tuesday precious metal markets rallied with gold closing at $1293.6, failing to break above $1300. The retreat until the Friday close wiped away all advance and gold closed at $1266.4, eventually down 0.95% over the week. Silver eased 2.05% to $17.17 and Platinum weakened by 1.78% to $937. Palladium is the usual outlier, bucking the trend and advancing 2.87% over the week to $861.

Miners surged upon precious metals rallying. Despite the following retreat, the HUI holds on to a 2.5% weekly gain. This effectively ended strike of several weeks with miners lagging the metals. Graphs on the Gold Miner Pulse page are a good illustration. The turnaround is however not strong enough to end miner undervaluation relative to the HUI/Gold regression line. We only are less far away from a market neutral stance.

The HUI outperforming is not shared to the same extent by the mining ETF's: GDX only holds on to a fractional 0.4% weekly advance and SIL doesn't do much better firming by 0.88%. Both lag GDXJ which recovers 2.84%. The contributor driven explorer and junior miners spreadsheet however takes the lead with a 2.93% weekly gain. The long term advance now posts at 4.06%. Nevertheless we have advances (9) balancing declines (9) over the week, but Osisko Royalties (OR.TO) took the lead with a 17.7% rally. That makes much of the difference between leading or lagging our peer ETF's.

[Leo3.14]

NG weer boven de 4$
NG onder de 4, deel 2 is voorbij.
De lows staan er voor de meeste mijnen, we gaan uppen.

Nog heel efkes onder de 4 straks wellicht
Ik denk dat we het steuntje op 3.96 nog ff gaan lichtjes breken komende weken.
Daarna naar 7+

mijnengepruts

NG onder de 4, deel 3 bezig intussen.
Ik denk dat de bodem er bijna staat nu.
Goud gaat stijgen komende maanden imo.

[Indiana Jones]

Biljoen aan zeldzame mineralen in bodem Afghanistan

Afghanistan zit bomvol mineralen dankzij een botsing tussen het Indisch subcontinent en Azië.
De Amerikaanse geologische dienst USGS wist alle vondsten die door de Sovjets waren gedaan te bevestigen. De voorheen onbekende ertslagen bevatten onder meer 60 miljoen ton koper, 2,2 miljard ton ijzererts, 1,4 miljoen ton zeldzame elementen zoals lanthaan, cerium en neodymium, en grote hoeveelheden aluminium, goud, zilver, zink, kwik en lithium.
Grote corporaties staan al te dringen om mijnen te ontginnen en olie en gas uit de Afghaanse bodem te halen. Ook de Verenigde Staten hebben veel geïnvesteerd in het land.

De bevolking zelf is straatarm, de Taliban weten ook wat er onder de grond ligt ... maar tot nu toe niemand (de Russen niet, de Amerikanen niet) wisten grip op het land te krijgen

[Leo3.14]

NG onder de 4, part 4 op komst ?
't is voor de diehards.....



Zou me goed uitkomen, want ik ben nie mee : was aan 't fietsen in Puglia afgelopen week.

Langgerekte bodem....

[Leo3.14]

NG onder de 4, part 4 op komst ?
't is voor de diehards.....



Zou me goed uitkomen, want ik ben nie mee : was aan 't fietsen in Puglia afgelopen week.

Langgerekte bodem....

Leo vraagt, WS draait


Na Part 4 komt wellicht part 5.

Maar naar 7+ gaan we.

[Gwyde]

A mixed bag for American stock markets, with Nasdaq further sliding away from its ATH, the S&P holding ground over the week and the DJI keeps advancing modestly. Bond markets are better off, since the yield 10Y treasury continues easing to 2.16%. This seems to raise doubt on the growth of the American economy and question whether the hiking policy by the FED still makes sense: the yield curve is flattening, which typically is a recession precursor.

Much less enthusiasm for precious metals, with gold easing 1% to 1253.4 over the week. Silver slid 2.8% to 16.69. Platinum further eased 0.85% to $929 while Palladium is the usual outlier firming 0.35% to $864. Hence the fresh subject: Is a 'Palladium - Platinum price inversion' in the cards? Read the recent blog article on that subject.

The miner swoon last Wednesday causes major havoc, especially since the HUI has been grinding lower for 6 consecutive days by now. The weekly loss amounts to 5.16% with HUI/Gold weakening to 0.1482. Graphs on the Gold Miner Pulse page tell you more. The YTD advance is eroding away: the HUI is up only 2.12% year-to-date. Similar conclusions for our GMP list based indices.

Among mining ETF's, SIL is the main victim, sliding 5% in line with the HUI. Our contributor driven explorer and junior miners spreadsheet didn't do much better weakening 3.43% over the week. Longer term we just stay above break-even by a 0.5% margin. Only 3 advances over the week against 14 declines. Mirasol protects us from worse, with a double digit advance. However its peer Miranda Gold slid double digits. PLG is getting deeper into trouble and I'm wondering if it should stay on the list...

[Leo3.14]

NG onder de 4, deel 3 bezig intussen.
Ik denk dat de bodem er bijna staat nu.
Goud gaat stijgen komende maanden imo.

And we got lift-off.
Barometer stijgt, goud zal volgen.

[Leo3.14]

Morgen is D-day voor goud imo.

Ik verwacht een zeer hectische dag voor goud én indices.
Big move commin' komende weken imho.