Wrapping up gold, US markets and the USD for the week
To wrap up the week I wanted to touch on the few markets that were threatening to break (and some that broke) resistance and support zones. I focus on the longer term charts to assess what is in store over the next couple years. If anyone wants us to look at any certain sectors please let us know and we will share our thoughts. I can always be reached at Fleck[at]kereport.com.
Have a great weekend everyone!
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SILJ is the best performing etf (not advice).
(SIL) and (SILJ) are the most followed Silver mining ETFs, but there are also (SLVP) and (SLVO).
james (Franky) – As for the best Silver stock – that’s up for debate….
Here is a 1 year Line Chart with those 4 ETFs graphed out.
http://stockcharts.com/freecharts/perf.php?SIL,SILJ,SLVP,SLVO&p=5&O=011000
To Tad’s point up above…. (SILJ) the Jr Silver miners is the high flyer in the metals ETFs and Funds [as to be expected]. It is also worth noting that (SIL) and (SLVP) the other 2 main Silver ETFs trounced the Gold stocks over the last year.
Go WingNuts!!
I wish they’d create a 3 x leveraged Silver Miner ETF and call it (SILLY).
SILJ and DULL are great ones to play both ways.
Give it time Franky 🙂
And thanks Tad for the silver ETF!
James,
The alpha of a stock is the amount of gain in price in a stock (usually over the last year)
The beta of a stock is a measure of the slope of the price curve of the stock.
The weighted alpha of a stock is kind of a combination of alpha and beta in a way.
I forget the exact formula used but basically recent gains are added to older gains with a higher weight given to more recent gains.
When I give a list of stocks, I usually download the list from my screen, and when I do that there is a column for the weighted alpha.
Using this to determine the best producer, it turns out that Hecla (HL) is the best silver producer.
(Although Hecla has recently being buying more gold properties than silver.)
HL currently has a weighted alpha of 144.
My biggest silver holdings are MUX with a weighted alpha of 148
and SLW with a weighted alpha of 44
For comparison:
NAK has a weighted alpha of 714
CDE has 217
BVN has 161
AXU has 137
EXK has 128
Of course, past performance, even recent, may or may not foretell the future.
That’s really interesting CFS.
Beyond my capabilities. I’m interested to know how Hochschild (HOC) fares on this measurement. Although its a big lump of a company, and probably not sexy enough for most on this blog, it seems to be the gift that keeps on giving. Must have quadrupled over the past year or so; perhaps I just got lucky on timing.
Bear Creek (BCM) is another standout, although much smaller. Do you have a number easy to hand for these?
I’m not set up to run LSE data, but I ran the OTC listing for Hochschild (HCHDF) and that gave me a weighted alpha of 117.
BCM.V has a weighted alpha of 182
BCEKF has 188
Wow.
Thanks CFS. Much appreciated.
Interesting, I ran the data for HOC:LSE and because of the gyrations in the pound. the weighted alpha in Sterling comes out to 179.
HOC.L was a stock I was looking to buy back around 2.20 Sterling this week. It was falling nicely to that level until Friday when the US GDP came out.
Now deciding whether to chase it on Monday morning or not.
Franky tanks you All ! Gentleman ! https://www.youtube.com/watch?v=LOyRBqkiRz0
3 month metals charts to tickle your curiosity…..
I like this one better:
http://finviz.com/futures_charts.ashx?t=METALS&p=h1
but just csll me CashForSilver!
I often go to this page:
https://www.bloomberg.com/markets/commodities/futures/metals
http://www.reuters.com/article/us-india-gold-reserves-idUSKBN15A05N
India looking to reopen gold mines.
https://www.youtube.com/watch?v=FOoB94PCHi0
Alasdair Macleod
Marine Le Pen has repeatedly been labelled as a right-wing extremist.
Judge for yourself….
https://www.youtube.com/watch?v=Ta37ZqQPRrY
I don’t find her “extremist”
Just “patriotic”, “French”
I loved her calling the US Democrat policies “neoliberalism”.
Vive la France libre!
tTe Dow reached its all time low measured in gold of 37g (1.3oz) in 1980. If that happened today with the DJIA at 20,000, the gold price would have to be $15,385 per ounce.
The only possible deductions are that the Dow is high and gold is low.
Future Silver Supply Will Be More Vulnerable Than Other Metals
Filed in Mining, News, Precious Metals by SRSrocco on January 26, 2017
SRSroccoReport.com
CFS, Not quite THE LIBERTY MILL, but thanks for the A+ in effort & time for this community.
Agreed Marty. CFS – we appreciate all the info you post here daily. All the best to you both.
James Turn interview with KWN:
https://api.soundcloud.com/tracks/304908548/download?secret_token=s-qwwD2&client_id=cUa40O3Jg3Emvp6Tv4U6ymYYO50NUGpJ
Cory! ( SILVER ) will Explode Higher ! Whats the best silver Stock and ETF Boys ? Thanks fore you’re pics !!!!