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10/1/12

The 2012 Small Silvers Sweepstakes, October update

I've forgotten to keep up with this monthly check, but it occurred to me all of a sudden yesterday so here it is today. In this, we check on how nine silver juniors (if your fave isn't amongst them sorry, but we've used this sample for three years now) get on during the year compared to the underlying metal, noted using the silver bullion ETF (SLV as proxy):

click on chart to disensmallify if necessary

In the lead with just one quarter left in the year is MAG Silver (MAG.to) (MVG), the Mexico junior that Fresnillo is going to buy every year for the last four years. Then comes sector biggie First Majestic (FR.to) (AG) that's having a decent year and then in third palce comes the silver ETF (SLV, which means all he rest haven't even done as well as the metal and officially suck. After that we have the midfield Charlies and then the last three deserve special "ha ha you really suck" mentions, because they're still making a net loss on the year despite that September rebound. So ha ha you suck go to Endeavour (EDR.to) (EXK), Fortuna (FVI.to) (FSM) and Golden (AUMN) and let's recall that according to Adam Graf of Dalman Rose, AUMN is going to $104. Seems to be taking its time about that move, Adam,