I thought the following chart was worth sharing at this time, with gold looking more and more like it’s poised to enter a new bull market.
- Victoria Gold (VIT.V) is up 35.80%
- Orezone Gold (ORE.V) is up 80.0%
- Cardinal Resources (CDV.TO) is up 25.0%
- Marathon Gold (MOZ.TO) is up 28.83%
- VanEck Vectors Junior Gold Miners ETF (GDXJ) is up 46.22%
- SPDR S&P 500 ETF (SPY) is up 0.73%
Interestingly enough, so far, GDXJ is beating some of my favorite current gold developer plays (highlighted above), by a decent margin.
Granted, it’s all about timing, as usual. Over a shorter time period, things look a bit different (since June 19, FOMC “day of reckoning”).
- VIT.V is up 41.03%
- ORE.V is up 35.0%
- CDV.TO is up 37.1%
- MOZ.TO is up 37.5%
- GDXJ is up 27.5%
- SPY is down -2.80%
In any event, gold miners are putting up some really outstanding gains, lately… especially at a time when general equities (like the S&P 500) aren’t really doing too much…
I realize speculation isn’t easy stuff, but hey, this is I guess why some people elect to do it… Again, I don’t want to keep talking about this stuff forever on this blog (and don’t plan) to, but for now anyway, times are getting really interesting (especially after a few years of mostly sideways action for precious metals).
“Buy low and sell high”
So far, so good. Congrats to readers and followers who have been experiencing some sweet gains in their portfolios lately. Cheers to you all!