Haystack 2017
Posted: 08 Jan 2017, 17:18
Steaming ahead into 2017
Precious metals have been rallying into 2017 ending on a soft spot on Jan 6. Gold ends the week at $1172.2, up 1.85% while silver added 3.53% to $16.44. The HUI index is up 7.58% to 196.58, making HUI/Gold firm to 0.168.
With a 8.36% advance, our Contributor driven Explorer and Junior Mining spreadsheet is outperforming both the HUI and GDX, but other benchmark ETFs do even better. The long term (blunt average) decline is mitigated to 8.39% while cap weighed the advance extends to 9.13%: on average small and mid-caps are better off than the few micro or nano-caps on the list.
Three picks (OSK.TO, OR.TO and BTG) climbed out of the red, improving the advance/decline balance to 9 against 10. No picks are down over the week, but Miranda Gold and Continental Gold are flatlining. Among the 7 double digit advances, Argonaut Gold makes the most impressive weekly gain (+29%), yet the stock still is down 62% since inclusion.
Best wishes and prosperous trading
Precious metals have been rallying into 2017 ending on a soft spot on Jan 6. Gold ends the week at $1172.2, up 1.85% while silver added 3.53% to $16.44. The HUI index is up 7.58% to 196.58, making HUI/Gold firm to 0.168.
With a 8.36% advance, our Contributor driven Explorer and Junior Mining spreadsheet is outperforming both the HUI and GDX, but other benchmark ETFs do even better. The long term (blunt average) decline is mitigated to 8.39% while cap weighed the advance extends to 9.13%: on average small and mid-caps are better off than the few micro or nano-caps on the list.
Three picks (OSK.TO, OR.TO and BTG) climbed out of the red, improving the advance/decline balance to 9 against 10. No picks are down over the week, but Miranda Gold and Continental Gold are flatlining. Among the 7 double digit advances, Argonaut Gold makes the most impressive weekly gain (+29%), yet the stock still is down 62% since inclusion.
Best wishes and prosperous trading