#Gold #ETF's (Canada & US) 2019 Performance $GDX $XGD.to

XGD +39.88%

GDX +39.79% 

#Gold was a stealthy performer during 2019. Although there was not a full fledged Bull Market all-around, some of the Gold Mining equities did handsomely well. 

#Gold & #Silver Wish You a Merry Christmas! Prices are breaking out on the upside - Now All We Need is a Confirmation!

#Gold & #Silver Wish a Merry Christmas to all of you!

 

Attachment 1 shows the breakout of Gold on December 24, 2019, from a falling wedge.

 

Attachment 2 displays Silver's second day breakout on the upside from a falling wedge.

 

The market needs closing prices for gold and silver above the breakout point for 2 more trading days to confirm that the bull market has resumed. 

#Silver stocks - Strong advance yesterday

 Silver shares did extremely well yesterday. A

nice Christmas gift!

 

We couldn't find any particular reason for the

strong advance. However, as attachment 1 shows,

the silver futures price was up % 1.6% to

US$ 17.50 per ounce.

 

There was a comment by former FED Chairman

Allan Greenspan on inflation (attachment 2).

 

The following is a list of silver (or so called

silver stocks). Most of these companies have

the majority of revenues from gold but the

market treats them as silver stocks.

 

Coeur Mining (CDE)                         US$  7.65 + 10.1%

Hecla Mining (HL)                            US$  3.26 +   8.7%

Fortuna Silver (FVI)                          CAD 4.82 +   8.6%

First Majestic Silver (AG)                 US$ 11.23 +  8.4%

Americas Silver Corp. (USA)            US$   4.14 +  7.8%

SSRM Mining (SSRM)                      US$ 17.55 +  6.0%

MAG Silver (MAG)                           US$ 11.14  + 5.5%

Wheaton Precious Metals (WPM)     US$ 28.50  + 4.8%

PanAmerican Silver (PAAS)             US$ 22.43  + 3.8%

 

and the largest silver share ETF:

 

Global X Silver Miners ETF             US$ 31.74  + 4.30%

 

The daily chart is on attachment 3.

 

Attachment 4 displays some stocks of the Philadelphia Gold

and Silver Index (XAU). All the stocks in the Table advanced.

Attachment 5 displays the daily chart of this index.