Wednesday, 26 April 2017

Linear Regression between the Gold Price and the HUI miners index

The miners rally after end January 2016 has been almost miraculous, with the HUI index more than doubling over less than six months. Since mid August however, much of the gains have evaporated. That doesn't come as a surprise because gold now is back down to around $1260, from its 'lofty high' over $1360/oz both in the second week of July and early August 2016.
Graphs were updated on July 12, 2017.


Tuesday, 18 April 2017

Canadian Miners Performance Update

With the yellow metal well above $1250, miners have rallied from their correction bottom reached mid December 2016.  On April 12, the HUI index is up 33% from this mid December bottom, yet from its bear market bottom that adds up to a more impressive 115%.  However, from its August rally top the HUI still is down 25%.  Following tables shed light on how the individual explorer, developer and mining stocks performed during these hectic days.