Bigger Has Been Less Bad
The average stock in the S&P 1500 (a combination of large-caps, mid-caps, and small-caps) is down 2.71% already in October. The chart below shows that the smaller the stock, the worse performance has been.
We broke the S&P 1500 into deciles based on market cap at the start of the month — decile 1 contains the 150 largest stocks in the index, decile 2 contains the next 150 largest, and so on and so forth. We then calculated the average performance of the stocks in each decile so far in October.
With the exception of deciles 6 and 7, the average performance gets worse and worse as you move from the deciles of largest stocks down to the deciles of smallest stocks.
The 150 largest stocks in the S&P 1500 are only down an average of 0.45% so far in October, while the 150 smallest stocks are down an average of 4.25%!
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Anaconda sold 4,330 ounces of gold during the second quarter of 2018, generating gold and silver revenue of $7.4 million, and year-to-date has sold 8,856 ounces to generate revenue of $14.9 million. As at June 30, 2018, the Company also had over 750 ounces of gold doré and bullion inventory, which were sold in early July. The Company continues to be on track to meet its 2018 production guidance of 18,000 ounces at operating cash costs1 of $1,100 per ounce, and has now transitioned to ore production at the Stog'er Tight Mine. At a budgeted gold price of $1,550, Anaconda expects to generate approximately $28.0 million of revenue based on production guidance, noting however that the average realized gold price1 for the first half of 2018 was $1,686 per ounce.
www.anacondamining.com/2018-07-11-Anaconda-Mining-Sells-4-330-Ounces-of-Gold-in-Q2-2018-Achieves-Record-Quarterly-Throughput
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