Gold Mining Stocks

[finicky]

Gold stocks predominant among the winners yesterday but Gold smashed overnight.

 

[finicky]

Well surely today we'll get a response in gold stocks? HUI and XAU indices up a couple of percent overnight and we get the usual tailwind of the AUD with our gold price being up more than double the US bump.

 

[finicky]

Nope - once again, not much of a response at all. Although AUD gold price did pull back sharply before our open.

 

[finicky]

At last a decent response to the AUD gold price. My miners did ok but it was a few unproductive explorers that outperformed in my p/f:
BMR, VMC, NXM - not recommendations.

 

[TimeISmoney]

This is my watch list, most of them seem to be doing well.

DYOR

 

[Sean K]

Since the GDX and GDXJ started to catch up to the proportional rise in POG you almost could have thrown a dart at the RIH gold board and made 40% without blinking. Well done to anyone picking the base of POG and potential rise in the stocks that lagged for some time.

 

[houtman]

Since the GDX and GDXJ started to catch up to the proportional rise in POG you almost could have thrown a dart at the RIH gold board and made 40% without blinking. Well done to anyone picking the base of POG and potential rise in the stocks that lagged for some time.

Which time frame are you using @Sean K?

Just had a play with Tradingview, starting point made a big difference to % between GDX, GDXJ and gold price.

Although I can understand the markets reluctance to get carried away with the junior Goldies, they have quite the reputation for destroying wealth in both good times and bad.

 

[Sean K]

Which time frame are you using @Sean K?

Just had a play with Tradingview, starting point made a big difference to % between GDX, GDXJ and gold price.

Although I can understand the markets reluctance to get carried away with the junior Goldies, they have quite the reputation for destroying wealth in both good times and bad.

It does depend on where you put the zero in the timeline. GLD is the green line on this.



GLD to GDX




Six monthly.

So, Maybe better throwing darts at the GLD!




So, it looks like only the last 2 months were better for dart throwing.