Doc and John Kaiser discuss the resource sector.
Click download link to listen on this device: Download Show
Kind of funny.
Probably will not go there on vacation!
For GDXJ I place MA(50) at $35.69 with price currently at $36.92.
That’s more than just knocking to me.
Yup!
The 50 week ma that Doc was talking about is $38.00 right now.
Note that GLDX is already above its 50 week ma. It’s also sporting a better looking (still forming) head and shoulders bottom than GDXJ or the others.
A moving average is a moving average! How can you have different values? Or did I make the mistake of looking at the 50 day average?
Yes, you gave the 50 day ma (which Doc correctly said that we are already through).
An ex Korelin property is silvercrest; that screamed up today.
I believe that I still own a bit of this, Professor.
And Corvus Gold
I personally purchased Corvus about two years ago.
Screamed? Guess Im still learning the lingo.
Kinda like kwn and their “shocking” news.
I wouldn’t call 3.72% from a junior screaming –a Dow component with that kind of day would be a different story.
I have learned that descriptions in this industry are exaggerated to the point of meaningless.
The industry would be doing themselves a favour by being accurte, percentages instead of descriptions might be better in this regard.
Who ever standardises charts will be a hero in my book too.
Like the fellow that standardised the threads for screws and bolts. Forget his name tho. lol
The industries needed it, like this one needs standardised charts and descriptions, both can be very misleading.
Mea Culpe. Point taken.
bb, screaming also has a time element, jumping just has a distance.
3.5% in an hour is different from 3.5% in a day.
Sorry this is off topic and out of date, but I think a picture sometimes really does speak a thousand words, sometimes even more.
http://www.nationalreview.com/corner/342771/its-such-reasonable-law-jonah-goldberg
EVERYONE SHOULD TAKE A PICTURE OF THIS ……..and mail it to a friend……
Great and Jerry I do agree with you!
Why, don’t we take up a collection and get some BILLBOARDS made and put them along the interstate………………..
will you do something about yr audio??
Cant hear Al.
My audio is fine.
Thanks Sally,
Just listened to the first part and found no problem.
OFF TOPIC: but interesting.
Not real interested in Philip Morris cigarettes.
Will come back to the interview though.
PHILIP MORRIS UP UP ! https://www.youtube.com/watch?v=6pyyP2chM8k
Bullets have been selling well too, but I think weapons have been selling for awhile.
I havnt checked share prices for either, just what I read.
Norcini was saying altho its interesting silver moved with gold today and not copper, it appears gold has entered the doldrums and looks like it will have a hard time breaking resistance at 1262.
So far he has been correct.
But even with minor movment in gold we are seeing small gains in shares under 5% from what I can tell, but the shares look to me like they are ready to move up well givin an excuse. That looks positive to me.
Hey Doc,
A few of my Siler miners are now closing back above the 50 week moving average and look like the bottoms are being put in, still waiting for confirmation from IAG and the gold stocks. Looking good for a non confirmation as I still exepct Gold and Silver to head down and make nw lows but most stocks will diverge and not make new lows.
PG; right now my charts are not signalling the possibility of gold making new lows—-I would say that if we don’t close down significantly the rest of this week, the odds are gold has see it’s lows——–if you’re talking about the June and December lows of last year.
Hey Doc,
Yes, I am referring to the June and Dec. lows of 2013. I am waiting to see how Gold an Silver behave between June 16th-Aug. 16th. The mining stocks are acting nicely and I would have to say that many have put in bottoms and after some re-tests, I agree with your strategy about holding.
Thanks for you analysis, I like your approach. I spent 11 years as a pharmaceutical rep., up here in Canada, probably why I can relate to you. 🙂
Take care
For anyone that might be interested, pdl North American palladium went up just over 11% today.
Reports are people are moving to platinum and palladium.(something about strikes and sanctions? and supplies of only weeks left?)
Psychology might be something to consider.
BB; you might look at SWC (Stillwater)——I mentioned that a number of weeks ago and it’s had a nice run. PAL is more of a speculative stock. A supply shortage in palladium is supposed to be present until at least 2017. In fact, I like palladium more then I like platinum.
Me too Richard.
Richard, pdl has had a bit of a run too, 40%, but looking at the chart the downside is still minimal with some interesting potential as they say.
A few too many shares out for my taste but nothings perfect.
Richard if I may do you own or trade aurcana silver? Anyone in here for that matter!
Would really like your opinion as well as doc and cory if this is a reputable company. Ive not been able to do extensive research on it but have done what I can. It seems as one of those 50/50 small caps that if it hits, it can hit big.
There has been tons of dilution with aurcana which im ok with if its for the better of the company long term. But i gotta say to much dilution smells like a crapper sometimes.
Any feedback here boys?
Generally, dilution is a death knell but I’ll have to look at the company as far as other issues such as reserves, cash flow, liquidity, debt/equity, management, etc. I do not own aurcana and don’t know much about it at this time.
richard thanks for the response.
Part of dilution was to stay alive/developing:
Orion Mine Finance (Master) Fund I LP (formerly RK Mine Finance (Master) Fund II L.P.) Direct Ownership Common Shares 11 – Acquisition carried out privately 10,081,252 $0.690
May 12/14 May 9/14 Orion Mine Finance (Master) Fund I LP (formerly RK Mine Finance (Master) Fund II L.P.) Direct Ownership Common Shares 00 – Opening Balance-Initial SEDI Report 6,418,249
cfs are you familiar with management team at aurcana? Ceo by the name of lenic
No, I am not familiar with him. Sorry.
The Keynesian economic morons idiots are implementing a financial ( EUGENICIST SYSTEM ) ON THE HOLE WORLD ! THE ONLY SAVE PLAIS WILL BY ( GOLD ) BUY BUY BUY !!!!!!!