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Magellan Gold Corp. (OTCMKT:MAGE) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Magellan Gold Corp. (OTCMKT:MAGE) seasonal charts above shows that a Buy Date of March 19 and a Sell Date of July 11 has resulted in a geometric average return of 39.63% above the benchmark rate of the S&P 500 Total Return Index over the past 7 years. This seasonal timeframe has shown positive results compared to the benchmark in 6 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 7 years by an average of 72.03% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

A word of caution: Only 7 years of data is available for shares of MAGE, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

Magellan Gold Corp is an exploration stage company. It is principally engaged in the acquisition and exploration of mineral resources in Arizona, California, and Nevada. It has two material mineral properties, the Silver District Project in Arizona, United States and the Ninobamba Silver-Gold Project in Peru. The firm intends to carry out exploration activities on these properties.

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