seeker, here is the XGD chart:
XGD is heavily weighted to NCM (about 50% of Index). SBM is a top 10 ASX gold stock (by weighting) and together they make up over 90% of the XGD Index.
The XGD seasonality chart (below) is a real eye-opener and supports something I've known for a while. ASX Gold stocks are usually good buys in November or December (many bottomed by mid-Dec in 2017), however March through to end July are usually terrible. On explanation is that get out of gold stocks once Chinese NY comes around... (early-mid Feb).
On SBM's seasonality chart, usually June-July are its weakest months, with August-September being the strongest months (10 year average):
Will be interesting to see how it goes from here.
SBM Chart, page-19
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Last
33.0¢ |
Change
-0.010(2.94%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.5¢ | 32.5¢ | $1.347M | 4.054M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 552389 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 344648 | 7 |
View Market Depth
| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
