dunno, but he has many confused..

I’ve found Armstrong is so vague I have no idea what his trading calls are. The arrays have so many conflicting signals that they can be interpreted in just about any direction.

wow Gary, I have never seen anyone more specific than Socrates.

But then again gary, I have only been into pm for 50+ years.

Countries*

Interesting, Matthew.
I think metals and oil have decoupled from the rest of the commodity sector. It looks like most of the commodities have bottomed.
Copper is really interesting. It bottomed and is slowly going sideways up for the last month. And in the last month COPX global copper miners has gone down the whole time. It looks like it might have bottomed, but can’t tell.

I wonder if the gold miners are going to do what copper miners did. Keep going down after metals bottom? Hmmm

Btw, a waterfall from commodities would provide the spike in gold:crb that I mentioned yesterday. I doubt that gold will join in the plunge but it could easily manage to make a new low.

I have my doubts about commodities going into a waterfall versus the dollar from here. The S&P GSCI Commodity Index is at a 7 year low and briefly took out the 2008 crash low the other day. It is oversold on the weekly and monthly charts:
http://schrts.co/hTu0Fo

Weekly:
http://schrts.co/YM7qDv

Anyone criticizing Martin Armstrong either hasn’t read much of his stuff or cherry picks what they want to or simply are not willing to take a step back and look at things from an unbiased perspective and be open to considering info that goes against what the majority believe.
Ive never posted here before, but I check in fairly frequently. I could not let this slide.
Martin Armstrong and his Socrates computer go far beyond what anyone else in the world is capable of.
Pick a subject. Any subject. Economics, history, politics. Ancient Rome, Syria today, Asian stock markets, thermodynamics, currencies throughout history…whatever. He has a deep understanding of it all and he answers questions posed by anyone and everyone from an experienced and basically unbiased perspective.
Too often, people bring in their conservative or liberal bias (or their Democrat or Republican bias) when they debate.
Armstrong points out the problems with all of them.
When people ask him about gold, he answers them with information from his computer programs. And he’s right virtually every time. He adds personal comments about gold promoters because of the never ending attacks he gets from them.
I became somewhat of a goldbug 6 or 7 years ago and found Armstrong’s commentary hard to take. Especially when he and a small number of others (including Bob Moriarty) called the top in 2011. But within a few months I realized he was right.
I sold the majority of my gold stocks a few months after gold peaked because I started to realize that this guy (Armstrong) really knew his stuff. (Im very glad I was willing to change my perspective and give up my cherished gold stocks when I did).
Look at the track record. Its not a fair fight. The goldbugs have been wrong for 4 years now and Armstrong has been right. And his track record strongly suggests he’ll be right again about gold and many other things.
Regarding central banks: you need to go back and read more and open your eyes (and your mind). Armstrong explains the need for central banks. He doesn’t defend their actions.
He’s not on anybody’s payroll. He shares the info his computer generates. Ive read his blog everyday for years. At zero cost. Over the past 5 years or so, Ive learned more from Martin Armstrong about virtually every subject you can think of than I did in all my previous adult decades (Im in my 50s).
To those criticizing him: try to open your mind and spend some serious time reading his stuff. It will be time well spent.
Al: Ive enjoyed your show for years and I would like to offer you the same advice. Take some time and read a bit of Martin Armstrong’s stuff. You will not be disappointed. And if you are able to throw out your own personal biases (hey…we all have them), you may find yourself blown away by what you can learn from this man.
…all the best to all of you…

I will say this about MA, he is a master marketeer. Seems like most of the questions/comments he posts are praising him for his ‘genius’.

Al, why do you think he won’t come on KE Report?

We have done very well in Snipp.

BTW – the with or without personal consent line was aimed directly at you Nic, it was more with or without anyone’s personal consent these other Energy Inputs are being developed and the quality projects are moving forward and some are proving viable. So for me it is not a question of if, but when. I’d rater be early to the party, and am continuing to work to identify the handful of companies in each area (Nuclear, Lithium, Solar, Wind, Geothermal, alternate fuel cell, Energy Efficiency) that have good balance sheets, good management, good business models, and are producing revenues…..Just like the mining companies or oil companies I find attractive.

Good luck to everyone in their investing moving into the holiday season.

Sorry I messed that up that last post too……that line was NOT aimed at you Nic. 🙂

Good grief, I need to slow down when I post and read it before I hit submit.

For the record Nic, I really ENJOY our discussions on energy, on Rare Earths, on Coal, or Oil, or Gas, or Mining stocks. I just wanted you to know I appreciate your insights and love the discussion of all aspects of the Energy sector…..and there is more to it than just Oil.

Nic – also I wanted to respond to one last idea you brought up about the alternative energy companies stalling out due to Oil have such low pricing, and they they may have potentially peaked out, or have fatal flaws. I believe in the short term you are likely correct, but again, there are still quality companies growing despite this energy environment, and there are always good value plays, good stories, and good companies to invest in any sector.

Having made the case for the value in many forms of energy and a diversified energy mix, I currently only have money allocated in Nuclear, Lithium, and Energy Efficiency companies. I will likely deploy some funds into the Solar, Wind, Battery storage, hydrogen fuel cells, Geothermal, Tidal, and energy collection companies in 2016.

Hi there, Excelsior. Thanks. Of course, I also enjoy those discussions. Where else would You learn so much as we do on the blog. And don’t worry too much about misformulating some lines. My poetry classes and courses on semantics taught me that it is impossible to express 100 % exact what You want to express with just written words. Also, I would always just prefer someone hitting me between the eyes so that I learn instead of patting on my shoulder and I don’t learn anything. For me every day without learning is a lost day and too much pause does not only mean slow down but rather a step back.

Nic. Very well said and that is a positive attitude to have. Yes, this is a great place to come for a true exchange of ideas. Thanks for bringing up interesting topics, asking the tough questions, and for your contributions. If you have any energy companies that you want to dissect or analyze let’s do it. My goal is to whittle down the riff-raff and find the quality names that will make us money in the short to medium term, or that may be buy and hold stories with a longer time horizon.

Cheers mate!

So then we will be stuck with oversupply of energy for some time. So if electricity prices won’t rise due to oversupply it’ll be hard for solar parks to become cashflow-positive, right? Well, theoretically. Industry and ordinary people also need incentives to choose to install solar panels. Where would the incentives lie with cheaper or at least not more expensive energy?

Over supply……from OPEC…….can change overnite.

You have to go one more step………MIC.military industrial complex.

Do however not forget the growing interest in eliminating global warming and the reference of Porche and BMW into this arena.

Thanks, Big Al.

This is certainly true. I don’t wanna try to push any agenda and I like nature very much. Looking at the continuing boom and bust cycles in the industry in the past I am just asking myself and everybody else where we are right now in the business and in the stock market cycle in this specific sector and where will we be in 12 to 18 months.?

Global warming ……now that is another topic, which has not been proven as of yet.
As far as the auto entering to any the space and changing things, is just like the
1970, when GM, tried to covert the Cadillac to diesel….called a side distraction.
Considering that FORD, had and produced an engine in Brazil, that ran off renewable energy source, in 1975, and was proven to work, never fully caught on in the USA.

A token blend of 10% ethanol with gas……….did not hurt the OIL companies on bit, since they got the tax write off.

Thanks Frank!!!

BOTTOM line on renewables………..BIG OIL is in command……..and will stay in command, just like it has been for over 100 years……..jmho

NIC……..there is a great commentary by a retired Major General in the BUSH administration….”American Ship is Sinking”.
Go to approximately 20:20 on the tape at zerohedge, and you will see another reason while Oil, not renewables will still be the investment of choice.

If this will hurt the American oil industry really bad, this would mean diminishing taxes and defaulting banks. So maybe, this would be making subsidies for the renewable energy sector an impossibility. Together with the fact that we may have overcapacities in solar cell and panel production and so on and maybe overcapacities in other renewable energy sectors this would be a double hammer for the sector.

Who are the big OIL COMPANIES , and where are they located.

The biggest companies are in the US, the UK and RUSSIA, I think. I will check this. What are You hinting at, Frank?

The biggest companies are from China, then Britain and the US and Saudi Arabia and France and Kuwait and then, a bit far more off than I thought, Russia.

https://en.wikipedia.org/wiki/List_of_largest_oil_and_gas_companies_by_revenue

Now, who owns the large companies….?

That is a tough one. I got no idea. I have to check all the management teams and boards but I kind of think You are pointing to something different?

Nic….just look at the top 5…..Shell, Royal Dutch, BP….see who use to own these

Very good discussion Frank & Nic. Good questions, and good wiki list of the top oil companies.

buy good dividend paying oil stocks. They will pay you handsomely.

They have a target on Teck Resources for $1. Yikes!

Why the Canadian dollar is poised to fall even further
Andrew McCreath, Market Commentator, BNN
10:46 AM, E.T. | December 18, 2015

http://www.bnn.ca/News/2015/12/18/Why-the-Canadian-dollar-is-poised-to-fall-even-further-McCreath.aspx

That video is interesting because half way in they show charts that highlight the very close correlation between the Canadian Loonie and Oil.

Good interview on Bloomberg Dragonite. I agree with this guy that we’ll see simultaneously larger companies shut in production on the non-performing lower quality wells, but also an increase in mergers and acquisitions to consolidate the oil patch into less companies overall and larger companies.

absolutely.

+1 w. Matthew

I just dumped my Monsanto stocks………I am being political correct………GO ORGANIC…………..lol

I really really really do NOT like Monsanto. There are other alternatives to Monsanto like Mosaic, Israel Chemicals, FMC Corp, Agrium, Intrepid Potash, PJSC Uralkali, Syngenta, Yara International, Adecoagro, Potash Corp of Saskatchewan, Nufarm, Compass Mineral, and CF Industries that are better companies (not perfect and some are still flawed) but a little less evil than Monsanto.

Well it looks like Monsanto is fighting with ChemChina to buy out the Swiss agricultural and chemical company Syngenta, so another one may bite the dust to their evil empire. Syngenta also uses genetically modified seeds but haven’t been nearly as ugly at seizing thousands of small farmers land and crops and putting them out of business if they didn’t switch over like Monsanto has. Maybe ChemChina will beat out Monsanto in the bid war.

Excelsior,
I’m down 25% on intrepid potash (IPI). It will ( or should? ) be breaking out soon?..? I do hope the people wake up to the GMO scam. It seems like they are, but slower than I like to see.
Intrepid is my stupid move of the year so far. Could be worse I guess.

I haven’t researched agenda21 much, but what I get is that [ ignorant government officials gave away the city or county assets encumbered by the UN, which took the goofballs that deserve it, sovereignty ]
Is that it?

The good news about loosing on some trades, is that there are no better lessons learned. There just ain’t no easy way to learn.. Loosing is learning.

The first charts I go to in the morning, is the ones I’m down on.. LOL

Hey Chartster, yes some of the agricultural & Fertilizer/chemical stocks are really beat up at present and to me represent some real value.

I like Intrepid Potash and do a small trade on it mid-year, but didn’t hold if for more than 2 weeks. I had a couple of really nice gains in (MOS) Mosaic and (ICL) Israel Chemicals in the early and middle part of the year that got me excited. Then I went in a bit too heavy in Mosaic, Israel Chemicals, Potash Corp, and FMC in the Summer and went underwater. Luckily I averaged down in September, and then sold into the bounce and strength in mid-October for a small loss in those positions.

Overall I am at basically a wash for 2015 in Agriculture & Fertilizer companies, but I expect a much better year for 2016 in this sector.

There are also a couple of good ETFs to spread the risk around like (SOIL) the Global X Fertilizer/Potash ETF, (JJA) ipath Bloomberg Agriculture Subindex, (RJA) – Rogers Agricultural ETN, and (MOO) the Market Vectors Agribusiness ETF…. but MOO has a Monsanto holding which is a bummer 🙁 ….but still a good overall ETF.

People gotta eat…….

Check this out Chartster – I see what you mean about Intrepid Potash as they took a 79% decline in just the last 200 days. This could either spell disaster, or that this stock may have a larger percentage increase when the market turns. I’ll have to do a little digging to see what’s up. (Switch the chart below from Line Graph to Bar Chart to see what I mean).

**Syngenta did much better than everyone, but that is because it is going to be bought out by either ChemChina or Monsanto and has had a few other offers from it’s competitors. This has caused the price to be bid up substantially, and shows that there are always good stories in any sector. I missed that move and didn’t realize that they were in a bid war until just now. Dang.
_________________________________________________________________________

Here is a 200 day Composite Chart of some of the Fertilizer/Chemical/Agricultural companies. You’ll notice that most of them took a 20-50% haircut just in the last 200 days.

Companies featured on this chart:

Mosaic, Potash Corp, FMC Corp, CF Industries, Israel Chemicals, Intrepid Postash, Compass Minerals, Uralkali, Yara Int’l, and Syngenta AG

http://stockcharts.com/freecharts/perf.php?MOS,POT,FMC,CF,ICL,IPI,CMP,URKA.L,YARIY,SYT#

ditto on the GMO SCAM…………………

Here is a 200 composite Chart for some of the agricultural ETFs.

They fared much better than the individual stocks did in the sector (at only a -8% to -22% haircut over the last 200 days), but some have exposure to other chemical plays, farming plays & interesting agricultural companies, or even direct exposure to some of the soft commodities themselves.

This is why it is good to be diversified in each investing asset class, and why moving forward (whether miners, oil, agricultural, whatever…..I am going to have some funds allocated in the ETFs and some funds in individual stocks personally).

Companies Featured in the Agricultural ETF Chart:

Global X Fertilizers, ipath DJ-UBS Agricultural subindex, Element Rogers Agricultural ETN, Marketvectors Agribusiness ETF, DB Agriculture Double Long ETN, PowerShares Global Agriculture ETF, Teucrium Agriculture, PowerShares DB Agriculture ETF, and iShares MSCI Glbl Agriculture Producers.

http://stockcharts.com/freecharts/perf.php?SOIL,JJA,RJA,MOO,DAG,PAGG,TAGS,DBA,VEGI#

Here’s my watch list for Fertilizer or Agricultural stocks & ETFs. Please let me know if there are some other companies or ETFs that should be on this list.
__________________________________________________________________________

Fertilizer & Agricultural Stocks & ETFs

Company Name Symbol Last Price

ADECOAGRO SA AGRO $12.08
AFRICAN POTASH LIMITED APOTF $0.04
AGRIUM INC AGU $92.07
AMERICAN POTASH CORP APCOF $0.01
CF INDUSTRIES HOLDINGS INC CF $41.61
CHINA GREEN AGRICULTURE INC CGA $1.51
COMPASS MINERALS INTERNATIONAL INC CMP $73.84
DB AGRICULTURE DOUBLE LONG FUND DAG $3.42
ELEMENTS ROGERS AGRICULTURE RJA $6.33
ENCANTO POTASH CORPORATION ENCTF $0.05
FMC CORPORATION FMC $37.93
GENSOURCE POTASH CORP AGCCF $0.04
GLOBAL X FERTILZERS/POTASH SOIL $9.25
IC POTASH CORPORATION ICPTF $0.04
INCITEC PITOV LTD INCZY $2.63
INTREPID POTASH INC IPI $2.91
IPATH BLMBRG AGRICULTURE SUBINDEX TR ETN JJA $35.21
ISHARS MSCI GLOBAL AGRICULTUR PRODUCERS VEGI $22.23
ISRAEL CHEMICALS LTD ICL $4.11
MARKET VECTORS – AGRIBUSINESS MOO $47.23
MOSAIC COMPANY (THE) MOS $28.54
NORTHERN POTASH COMPANY NPTH $0.00
NUFARM LTD NUFMF $5.05
PJSC URALKALI URAYY $13.00
POTASH CORPORATION OF SASKATCHEWAN INC POT $17.32
POWERSHARES DB AGRICULTURE DBA $20.40
POWERSHARES GLOBAL AGRICULTURE PORTFOLIO PAGG $22.79
SYNGENTA AG SYT $74.93
TERRA NITROGEN COMPANY L.P. TNH $102.01
TEUCRIUM AGRICULTURAL FUND TAGS $26.00
VERDE POTASH PLC AMHPF $0.14
YARA INTERNATIONAL ASA YRAIF $43.05

Excelsior,
Thanks for all your great stuff! You always bring the goods! And some of the bads..) But, you ” bring it “. Thank You!
I always enjoy your take on things.
Best

Glad to share. Yes some of those may have been bads as well. Ha!

The market should have rolled over at 14,000 dow………that might be a min of a blow off…….jmho

Great minds think alike, FFM.
( even if we get reversed on.. )

DITTO….. 🙂

Hi Frank,
Hmmmm that’s interesting. In late 2010 I thought gold was rolling over at $1400 and would perhaps have a correction back to test $1000 for instance – but it didn’t. It went to $1900 in a hurry – and subsequently in this recent long bear market back to $1050 (so far). So, the move to $1900 was in the ‘wrong’ direction.

For me, the move in the Dow from 14,000 to 18,000 is probably in the wrong direction too, so maybe it will end up at 10,000. It’s basically acting like gold x 10.

I still cannot make up my mind whether gold is in a cyclical or secular bear market. Oil and platinum for instance obviously have been in secular bear markets since 2008. Gold was late to turn in 2011.

I keep looking at the 2011 top in gold versus the 1980 top and the 2011 top was not so extreme. However, there was less inflation in 2011 than 1980 so inflation adjusted the difference between the two bull moves are smaller than the nominal price values suggest. Gold has been a more liquid market in this bull run with more nations participating, more paper products, more leveraged products and more mine supply than in 1980. So one would not expect a secular bull market top to be so extreme. In the same way, a Dow bubble top now would not be expected to be as extreme as in 1929.

I we look at the current gold bear market, the correction has been less extreme than in the 1980s and for silver this is even more true (silver was down about 90% form 1980 to 1982 alone). However, again, the increased liquidity and diversity of these markets might account for this and not be an excuse to think that we are not in a secular bear market for both, especially if other commodities are in secular bears already.

Eventually there will to be a US dollar bear market cycle and I wonder how it can take the dollar to new lows and gold to new highs considering the mess in the Eurozone and Japan and their increasing monetary debasement. In that case can we expect a dollar down move from 2016-2024 perhaps to produce new highs in gold? I wonder.

As for the stock market, I agree with JP’s comments above that the Fed has been in a sweet spot with asset inflation and commodity deflation at the same time. Great time to tighten if you are going to. Great time for screwing other nations, especially the Third World by turning the screw on US dollar debt repayments. Great time for claiming victory over the 2008 credit crash. However, the possibility that all the sweet spots turn sour is there and that is the only hope for gold right now.

Ditto DT. Matthew have you got your eye on any small caps. Canadian GG has sunk like a rock and I’m wondering whether I’d do well transferring totally out of Goldcorp into smaller mining companies? At present all my PMs stocks are with Canada. Best A

You might consider Strategic Metals for their nano cap upside potential without all the usual risks. It’s a Yukon play with a well diversified portfolio of properties and equities. Working capital exceeds its market cap by about 50% at over $35M.

I think Rockhaven Resources is much better than the market realizes and Strategic Metals owns almost half of it. ATAC Resources’ potential, on the other hand, is no secret and Strategic owns a meaningful 8.6% of its shares.

Here’s a list of their equity positions: http://www.strategicmetalsltd.com/s/StockHoldings.asp

Corporate Presentation:
http://www.strategicmetalsltd.com/i/pdf/presentation.pdf

As you probably know, I also think True Gold Mining has huge upside but you should avoid it if Burkina Faso’s government makes you nervous.
http://www.truegoldmining.com/sites/default/files/TGM_CorpPres_Nov.pdf

I still think that Alexco is a fantastic silver play for its “optionality.” Once silver turns, they do not have to resume production anytime soon for their share price to do extremely well.
http://www.alexcoresource.com/s/Home.asp

Strategic Metals:
http://schrts.co/lDHMsp

Matthew – thanks for highlighting Strategic Metas. I like that they own big percentages in other companies and don’t have any debt. Do you think they’ll acquire Rockhaven or ATAC Resources in the next year or two?

Here’s some info from their corporate presentation that caught my eye:

Strategic’s working capital totals $37 million* including $23 million in cash and $14 million in marketable securities.
•The Company has no debt.
•Strategic’s shares currently trade at a 35% discount to working capital.
•Our portfolio of promising junior resource investments includes:
46.6% of Rockhaven Resources (RK);
19.9% of Silver Range Resources (SNG); and,
8.6% of ATAC Resources (ATC),
•Strategic has more than 100 wholly owned projects with little to no short to medium term holding costs.

Very interesting……. Much appreciated.

Also, I am not familiar with Silver Range Resources. Any thoughts?

I have no idea but the same question can be applied to each of the top four. I’m more curious about the fact that Kinross is included at all since it is hardly a junior. Even at its September spike low it had a market cap of about $2B. Today, it’s over $3B.
Whatever the reason, it’s probably not a bad thing at this time but it should probably be removed once a new bull market is well underway.

The golden cross is coming soon:
http://schrts.co/Rukcyg

I do not think that Strategic Metals will ever acquire Rockhaven or ATAC and I’m happy about that.
I have no special insights or knowledge regarding Silver Range Resources.

Many thanks Matthew, A

Good point on their top weighting in the BMO Junior Gold Index (ZJG). Don’t get me wrong, I’m neutral on Kinross and like and have traded Royal Gold, Yamana, and Detour, but they aren’t really Jr miners. I guess I’d consider Yamana on the cusp of a Mid-Tier becoming a Major, and Detour is a Mid-Tier that will likely get acquired by a Major in the future. I can see how if they wanted streaming companies that Sandstorm is in the list, because it is like a Jr Streamer. I’d say Osisko Gold Royalties Ltd and Abitibi Royalties Inc. would be the other two Jr Streaming companies and would be more appropriate to the upside or downside percentage moves that can be encountered in the smaller companies.

That is interesting on the Strategic Metals, it looks like they are nice exposure to a number of different projects, but with such an investment in Rockhaven, it just seems like their may be efficiency in operations if they merged.

Yeah, I’m not familiar with Silver Range Resources either, but thought I’d check.

Thanks for your thoughts and the info Matthew. Much appreciated!!

I don’t know if you’ve looked at the financials for Impact Silver but it looks like a turn is underway despite the continued pressure and new lows for silver. It’s a bit like Claude 20 months ago though not quite as obvious.
Sprott still owns 14% of IPT and they have no debt. Book value is .72 —“just” 5.5x higher than its last trade. All we need now is for silver to do something confidence inspiring.
http://schrts.co/8TTHv6

I actually have been keeping a close eye on Impact Silver, but it has not been performing as well as the more established companies in this low price environment. When Silver bottoms and starts heading back up, I expect it to be a great performer like Alexco, Americas Silver Corp, Sierra Metals, Endeavour, Mag Silver, Excellon, Sabina Gold & Silver, and Avino Silver & Gold. I am taking a closer look at Silvercorp again after Dragonite pointed out how low their all in sustaining costs were. I still like Mandalay for the long term and like the dividend, but they really have more of an exposure to Gold now than Silver. Same with McEwen Mining.

There are also a few explorers I’m watching like Kootenay, Mirasol, Minco, Avrupa, Dolly Varden, Nicola Mining (formerly Huldra Silver), Bayhorse Silver, Orex Minerals, and Bear Creek Mining.

It looks like there is financial restructuring at Definance Silver, but I want to see what happens when they come out of restructuring. Their exploration upside looks huge as near 200 million ounces were mined right next door to their property. Their website has been down though, and I’m hoping to hear some update of what is going on over the next month or two.

Also, I posted the article up above, but Aurcana is finally going through their restructuring, and I am very interested to see what will happen there once the dust settles. It is a shame they made so many bad decisions, and the timing in the metals prices hit right when they launched the second mine in TX. I like their Mexican mine and think it will be fine once the Silver and base metal prices recover.

IPT is down 38% this year while Fortuna (FVI) is down 43% and Americas Silver (SPM) is down 52% but it is generally true that the safer bets will outperform (by falling less) in a downtrend. When silver turns up, I expect IPT to do better than most peers precisely because of its perceived risks. In 2015 it had three decent bounces of 60%, 52%, and 44%, respectively while SPM managed 58%, 33% and 40% moves. FVI had bounces measuring 20%, 30% and 49%.

Fork resistance for silver comes in around 15.20 for the rest of December.
http://schrts.co/AaqyYY

Yes, I do expect Impact to perform quite well when metals and miners turn back up, and to have larger percentage increases. That was what I was saying up above.

We’ve discussed in the past that the bigger names tend to be “safer” bets during down times, but if I look at the YTDinfo, it is only sort of true. I don’t really hold miners all year anyway, and just play the short term move in selected stocks, but here is the Year To Date info since you brought it up. I got different totals but was using Yahoo finance.

Here are the Year to Date numbers for some of the Silver miners and it’s a mixed bag:

Sabina Gold & Silver +70%
Bayhorse Silver +50%
Silver Standard Resource + 2.2%
Fesnillo -13.97%
Mag Silver -18.65%
Endeavour Silver -24.34%
Great Panther -25.81%
Avino Silver & Gold -29.37%
Hecla Mining -30.47%
Pan American Silver -31.2%
Alexco Resource -35.29%
Sierra Metals -35.8%
Silver Wheaton -36.62%
First Majestic -37.25%
Minco Silver Corp -38.71%
Mandalay Resources -39.26%
Tahoe Resources -40.59%
Impact Silver -43.48%
Hochschild Mining -48.51%
Coeur Mining -48.53%
Kootenay Silver -50.0%
Silvercorp Metals -56.21%
Bear Creek Mining -63.05%
Americas Silver Corp -63.16%
Avrupa Minerals -63.79%
Aurcana Corp -65.22%
Excellon Resources -68.42%
Santacruz Silver -75%
Dolly Varden Silver -81.43%
El Tigre Silver – 84%

*Again, I only do short term trades typically, but these are the year to date returns from Jan 1st – Dec 18th. It is interesting in that the Jrs and Seniors are all mixed together. Also, there are many on the bottom of the list that I also expect to outperform on the upside as we’ve been discussing.