Its quite interesting to note that SPX's Exec Chairman Alex...

Its quite interesting to note that SPX's Exec Chairman Alex Hewlett is a founding director of BC8 and that CHN actually owns 5% of SPX, somehow its interconnected industry. It is for the above reasons plus the high grade of gold that they've discovered that I deemed worthy enough to include at the lower end of gold stock spectrum.

The juniors are putting on the gains today, MEI up  15.8% CYL up 9.2% CHN up 7.1% and OAU 6.7% .

As I previously mentioned, short term investing riding on an asset class that is on an upward trajectory couldn't be a better place to be and I believe gold is that opportunity right now - it could even be positively correlated with a rising (but unconvincing rise) equities market. An equities market that is rising unconvincingly does so (rise) not because people truly believed in the future of the asset class but because people didn't have anywhere else to put their money - pretty much like the holders of those negative yielding bonds looking for ''safe havens' (and a greater fool). In the interim, if gold can rise slowly and progressively and not in spurts, that would be truly beautiful because it will suck in more long term players , not traders out for a quick gain and traders themselves become investors too. And the volatility in the specky gold stocks could also lessen progressively as gold price inch higher and higher.

CHN was an Opportunity Stock that was added when it was 14c, so it has delivered 60% return - but for Gold Watch, it was included at 19c as it began on 13/9/19.

By the way, if Opportunity Stocks were not closed then, it would have been 24.4% by now , so stock selection had been rather good but timing of buy/sell needs improvement. BUT we shouldn't be in this if we are going to lose money, it would be a sheer waste of capital and time, so at any time capital preservation is always top priority with adequate risk management in place to maximise return on capital deployed (high returns on low capital ).

	Column 1	Column 2	Column 3	Column 4	Column 5
0		GOLD WATCH	13/9/19	23/9/19 close	%Chg
1		GOLD USD/OZ	1,496	1,516	1.3%
2		GOLD AUD/OZ	2,178	2,236	2.7%
3	1	GOLD [BETASHARES ETF]	$ 205.04	$ 210.36	2.6%
4	2	NORTHERN STAR (NST)	$    10.23	$   11.30	10.5%
5	3	EVOLUTION MINING (EVN)	$ 4.54	$ 4.77	5.1%
6	4	SARACEN (SAR)	$ 3.28	$ 3.50	6.7%
7	5	GDX (VAN EYK GOLD ETF)	$    39.67	$   42.40	6.9%
8	6	CHALICE GOLD MINE (CHN)	$ 0.19	$   0.225	21.6%
9	7	BLACK CAT SYNDICATE (BC8)	$ 0.47	$   0.490	4.3%
10	8	CATALYST METALS (CYL)	$ 2.32	$ 2.49	7.3%
11	9	WESTGOLD RESOURCES (WGX)	$ 2.51	$ 2.50	-0.4%
12	10	KIRKLAND LAKE GOLD (KLA)	$    67.21	$   70.00	4.2%
13	11	ALKANE RESOURCES (ALK)	$    0.780	$   0.770	-1.3%
14		COMPOSITE RETURNS excl SPECS TO DATE			6.13%
15	1	ORA GOLD (OAU)	$    0.016	$   0.016	0.0%
16	2	METEORIC RESOURCES (MEI)	$    0.070	$   0.066	-5.7%
17	3	SPECTRUM METAL (SPX)	$    0.086	$   0.082	-4.7%
18		COMPOSITE RETURNS TO DATE			5.32%