Post by
R_J_ on Mar 01, 2017 6:01am
End of Month - February 2017
End of the Month (EOM) report for February 2017.
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DNA.TO closed on 02/28/2017 at C$1.23
DNA.TO closed on 01/31/2017 at C$1.33
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This is a 7.5%, an 10-cent, loss for February.
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Indexes
Junior Gold Miners EFT [GDXJ], at US$36.93, lost 2.2% for February. [5.3% below its MA(200)]
Gold, at US$1253.90, gained 3.5%, or $42.50, in February. [0.8% below its MA(200) @ $1264.43]
[RJ: Gold up 3.5%, but the GDXJ was down 2.2%. What is with that strangeness? ]
S&P 500 Index, at 2,363.6, gained 3.7% in February. [8.3% above its MA(200) @ 2182.1]
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The Dow Jones [DJI] again closed the month at 20812, a new record high.
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RJ’s comment.
February EOM DJI priced at 16.5 oz gold [20812 divided by US$1253.90]
January EOM DJI priced at 16.5 oz gold [20000 divided by US$1211.40]
Therefore the DJI actually went nowhere in February in real terms.
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The DJI reached its peak as compared to gold in 1999, at 49 ounces.
Since that time, the DJI has fallen more than 62%.
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RJ - end of comment.
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Two Hundred Day Moving Average [MA(200)] stuff.
DNA.TO’s MA(200) ended February at $1.25
DNA.TO is 1.6% below its MA(200).
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News Release in February.
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February 6, 2017
Dalradian receives $7.2 million from warrant exercise
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RJ