Yeah, that is good data too, and as you mentioned, some stocks will have done better than displayed above if measured from low to high.

The reality is that few traders will hit the exact low to purchase every single stock, but it is likely a number of investors would have taken a punt during the lows in miners in April/May so the 3 month chart default with Stockcharts seemed like a fair place to size up the sector in general, but isn’t perfect as it will vary from stock to stock as to where they were at any particular point to present.

The main point was to take a look back for 3 months and show how well some of these Silver producers did over a short time period, with just a small increase in the metals price. If Silver gets back up in the $18-$20 range things will get very interesting in this space.

I also posted some year-to-date charts a few days ago on the KER, and some updates on ceo.ca eariler today, since many investors likely got into positions during tax loss at the end of 2018 for 2019. For those that bought at year end and held most of the year, these are respectable gains.

https://ceo.ca/index?6d21846f246e

You’re right that few will hit the exact low but it’s fairly easy to buy near it. Each stock has its own cycle so I would never ignore each stock’s chart when buying. In other words, I wouldn’t buy a handful of juniors at the same time just because the sector in general is bottoming. So the only way to get a meaningful objective comparison is to measure from lows rather than a single date. Those who ignore charts and buy a diversified portfolio at once might disagree with me.

Example:
EDR’s 15% 3 month gain objectively has no value to me and here’s why:

https://stockcharts.com/h-sc/ui?s=EDR.TO&p=W&yr=1&mn=9&dy=0&id=p62606191901&a=678315798

Agreed Matthew. When I’m personally investing I look at each company on it’s own merits and do my best using TA to pick an entry near the intermediate low.

Yes, there are generalist investors that will bring in money from the sidelines into a basket of stocks around the same time into a sector – be it Gold/Silver, or Uranium, or Cryptos, or Pot Stocks. For many investors they position at the end of the year or in January, or when they feel a significant change has happened.

There are likely many institutions along with retail investors that saw Silver start moving and jumped into a handful of companies at that time, and I see people discussing things like this in other chat-rooms where they picked up these 3-5 stocks in a sector today (regardless of the TA in many cases because they just want exposure to a sector).

I do agree with you though that measuring from a low to a high is the best measure for comparison, but it takes way longer, and I wanted to just post a 3 month and year-to-date chart on a number of companies very fast using the Perf charts for the overall trend and sentiment change in the Silver stocks.

Apparently it’s time to get cashed up if you’re a silver miner…..

Can’t say that I blame them and actually like to see that companies waited until this recent climb in share price before raising, as it minimizes the dilution, but allows more work to get done to progress their projects further.

Here’s a big raise from Mako Mining (formerly 2 different companies – Marlin Gold and Golden Reign. In addtion Marlin spun out Sailfish Royalties that had a streaming deal on one property, that renegotiated it to an Net Smelter Royalty durin the merger, and picked up some of Marlin’s other royalties.).

What is interesting about this transaction is now Wexford Capital took the majority stake. The share count got diluted down, but then again they also raised $27 Million which is a ton of cash and likely gets them well on the way to moving their 2nd mine, San Albino, into production. They have the 1 mine in Mexico already in production.

__________________________________________

(MKO) (MAKOF) Mako Mining Corp. Announces Completion of Rights Offering

@newswire on 23 Jul 2019

“Immediately prior to the commencement of the Offering, the Wexford Funds beneficially owned 127,369,678 Common Shares, representing approximately 40.61% of the issued and outstanding Common Shares. Immediately following closing of the Offering, the Wexford Funds beneficially own an aggregate of 322,603,234 Common Shares, representing approximately 55.27% of the issued and outstanding Common Shares.”

https://ceo.ca/@newswire/mako-mining-corp-announces-completion-of-rights-offering

I didn’t see any other press release regarding a capitial raise on the website other than this one today with Cantor Fitzgerald Canada Corporation where they did some at $.85 and some at $.99.

When else did they do a share offering at close to the bottom?

https://www.avino.com/news/2019/

Mine change……or mind change………. 🙂