Monday, February 29, 2016

Precious Metals Portfolio - February Results

The chart below shows performance of the precious metals portfolio since inception:

As the chart shows, since December 16, 2015 the portfolio has brought a return of 47.6%. In the same period GDX made a profit of 37.94% and the broad stock market, represented by the S&P 500 index, made a loss of 6.8%:

Now, let me show the performance of each stock included in my portfolio:

As the chart depicts, Richmont Mines was a leader and Claude Resources ranked second.

I am a little bit surprised (positively) to see the excellent performance of Fresnillo, a heavy-weight company - it made a profit of 46% since inception. Tomorrow this company will publish its preliminary 2015 results - it should be an interesting report.

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