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Gold’s Santa Rally Is Recurring Year-End Gift for Chart Watchers: Primero Mining (PPP), Seabridge Gold, (SA), Sandstorm Gold (SAND), Sibanye Gold (SBGL)

Whether they’ve been naughty or nice, gold investors can usually count on a year-end Santa rally.

In nine of the past 10 years, bullion prices advanced from Dec. 23 to Jan. 3, with gains averaging 2.9 percent, according to data compiled by Bloomberg. Even in 2013 and 2014, when gold was capping two of its worst years in more than a decade, the value of the precious metal increased during those holiday weeks. Traders like Brad Yates at Elemetal Capital LLC attribute the gains partly to the tendency of consumers in China — the world’s top buyer — to stock up before the Lunar New Year holiday.

Demand for gold has remained strong in Asia even as it declined elsewhere. While holdings in global exchange-traded funds backed by the metal touched a six-year low on Dec. 17, and prices are headed for a third straight average annual decline, mainland China saw a 7.8 percent increase in purchases in the first nine months of the year, according to the China Gold Association.

In India, the world’s No. 2 buyer, demand is showing signs of rebounding from a period of high taxes on foreign supplies. Imports of gold in November were more than double the amount in October. Purchases in India usually peak in the last three months of the year, with gifting during festivals like Diwali, and culminates with the start of the wedding season in November.

 

In the last trading session, Primero Mining Corp(NYSE:PPP) price moved -20.93% below its 200 day moving average, changing hands as low as $ 2.34  per share. The stock is currently trading 4.20% up its SMA 50. The worst hit in its 52 week range is $ 1.93 per share, with $  5.02 being the 52 week best price, which compares with a latest closing price of $ 2.44. The Beta of this stock is -0.09.

Seabridge Gold, Inc. (USA) (NYSE:SA) has a market value of $ 431.57M. It employs 8 people, over the last 12 months has a net income of $ -7.60M. The latest closing price of $ 8.53 was up 5.93% from the 50-day moving average.
For Sandstorm Gold Ltd (NYSEMKT:SAND) Last twelve months earnings per share reached a value of $ -0.12.The stock closed at $ 2.74, up $ +0.01 or 0.18% from previous close and at a distance of 2.91% from 20-day simple moving average.

Shares of Sibanye Gold Ltd (ADR) (NYSE:SBGL) The stock has a 52 week low of $ 59.04% and a 52 week high of $ -42.58%. The company has a market cap of $ 1.45B. The P/S ratio is 0.76 and P/B ratio 1.24. The stock’s RSI amounts to 57.44.