Excellon Resources

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Sound Bites: Value stocks in short supply on the TSX

August 10, 2016 - The long anticipated correction, or at least consolidation, in metals stocks appears to have started with the S&P/TSX Composite Gold down 0.5% in the week ended August 5th, and down 4.5% for the previous 30 days as of Friday. We started reporting to subscribers in May that insiders were positioning for a pullback noting that insiders had picked up their selling as we headed into summer which is a traditionally weak period for gold. Indeed, according to Equityclock.com, June and August tend to be the roughest months for the gold price before entering into a seasonally strong fall.

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