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Technical Analysis Requested by Listeners

Big Al
July 27, 2016

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From your requests, today we analyze:

Timmins Gold – TGD (U.S.) and TMM (Canada)

Torex Gold Res. – TORXD (U.S.) and TXG (Canada)

Northern  Dynasty – NAK (U.S.) and NDM (Canada)

Theralase – TLTFF (U.S.)  and TLT (Canada)

 

Discussion
82 Comments
    Jul 27, 2016 27:50 AM

    Torex TXG in Toronto as opposed to TSG

    Jul 27, 2016 27:51 AM

    Torex is TXG in Toronto as opposed to TSG

    Jul 27, 2016 27:05 AM

    I bought TORXF this year @1.40. Last month it had a reverse 1 for 10 split and now sells for 19 and is called TORXD. I don’t think a 1 for 10 reverse split turned it into a blue chip although it raised the price 10 fold.

      Jul 27, 2016 27:25 AM

      ha. Great point Bonzon Barzini. It will attract more institutional buying with the tighter share structure and larger price per share.

        Jul 27, 2016 27:27 AM

        Bonzo not Bonzon.

      Jul 27, 2016 27:13 PM

      I’m surprised Rick did not discern that R/S, but then it seems he strictly a technical guy, and that’s just fine!

    Jul 27, 2016 27:09 AM

    Claudia Stauber DNC Rant – telling it like she sees it.

    https://www.youtube.com/watch?v=ydIbIgg7djI

      Jul 27, 2016 27:32 PM

      Marked…..I like that woman….Claudia Farage !!!!!!!!!!

        Jul 27, 2016 27:49 PM

        Correction to the above…Portia Farage…………….Sorry.

    PF
    Jul 27, 2016 27:21 AM

    Is technical analysis even relevant for small thinly traded stocks? One big buyer or seller could easily manipulate the technical outlook.

      Jul 27, 2016 27:32 AM

      Excellent question.

      Jul 27, 2016 27:03 PM

      Follow the stocks and come to your own conclusion. Best to you PF

    Jul 27, 2016 27:21 AM

    Fed Says Risks Have Diminished as It Leaves Main Rate Unchanged
    July 27, 2016 — 1:00 PM w/ Craig Torres

    http://www.bloomberg.com/news/articles/2016-07-27/fed-says-risks-have-diminished-as-it-leaves-main-rate-unchanged

      Jul 27, 2016 27:36 AM

      Certainly makes one wonder doesn’t it? Brexit was the concern last month, before that China. They are truly scared sh1tless of something they see in the real world or on their models.

      My take is, the banks in Italy are what they know about. Employment numbers are fine, inflation numbers tame, They should be raising rates, and yet they are not.
      All their parameters have been met. Low inflation and low unemployment.

      Not only that, their number one piece of data, namely, the DJIA hitting records and they are not raising.

      Something is brewing.
      hmmmm

        Jul 27, 2016 27:45 AM

        Yep, if everything is so rosy with the economy, then why won’t they raise rates…..?

        The answer is they can’t raise them much more without crushing the global economic stage, and the last raise was the “token” raise we all predicted just so they can save face. When they announced 4 raises for 2016 the world rolled its eyes.

        The central bankers all over the world are backed into the corner, and the FED has all the other countries dictating to them when they should or shouldn’t raise now.

        What a racket…..

          Jul 27, 2016 27:04 PM

          Something like that, Shad!

        DFS
        Jul 27, 2016 27:45 AM

        Dave, Don’t take this as argumentative, but you are wrong.
        Nothing is brewing.
        The Fed is monetizing the debt, and will continue to do so.
        (At this point commentators usually add “until something breaks”)
        The news is that nothing is on the horizon to suggest any break.

          Jul 27, 2016 27:48 AM

          Yea, I hear ya. That might just be it.

          I think they are trying to get the long rate up also. It won’t budge. Taking the short end up by increasing rates will invert the yield curve.

          So they need the long rate to move up prior to increasing the fed funds rate by 1/4.

          DFS
          Jul 27, 2016 27:55 AM

          Excelsior, they do not want to raise rates. Why should they?
          They are monetizing the debt.
          As long as they collude with ALL the other Central Banks and take it in turn, they will be no adverse affects.
          The one effect monetizing excessively could be a significant change in foreign exchange rates, but as long as the Central Banks collude they can get away with it.

          Two things could cause problems:
          Inflation starting in China,
          Political problems leading to warlike moves breaking up the collusion between the central banks.

            Jul 27, 2016 27:59 AM

            Agreed. I was just pointing out the farce between what they say they will do and what they actually do.

            GH
            Jul 27, 2016 27:47 PM

            No way there can be no adverse effects, imo.

            Sure, they can jigger the exchange rates through collusion. But the adverse effect will be that the masses will see their purchasing power eroded to the point that they may become an irate mob.

            DFS
            Jul 27, 2016 27:27 PM

            GH,
            I KNOW Bernanke’s has been given a bad reputation, but after years of thinking expansion of the money supply just had to create inflation, I had to re-examine my belief in the face of the actual evidence.
            The evidence is that all the TARPS and QEs that have been tried simply have not produced the inflation one would expect from standard supply-demand economic theory. So this time it really is different!
            So WHY.?
            The world has changed with NAFTA and Chinese production evolution, we no longer have such a closed market system. Now we have global trade on a big scale.
            The advent of Chinese production at wage rates of $5 a day would normally cause immense deflation to the US With wage rates well over $5 an hour. (Rick, for example, has been calling for deflation for years)
            However, Bernanke’s appears to have managed to offset the global product price deflation by central banks pumping in global monetary inflation. By taking it in turns to pump in money, exchange rates have been held relatively stable. No one country has suffered inordinate inflation or deflation. A neat trick! The cost, so far, has been a loss of US high wage jobs, offset by cheap Chinese fabricated goods. While in China wages have come up, and the Chinese can afford the higher prices of goods that they could not previously afford. China has entered the the modern world with a GDP 65% of the US now.
            All other manufacturing nations including the US have given up a share of the pie, but the pie has been growing.

            DFS
            Jul 27, 2016 27:38 PM

            Sorry! my iPad seems to automatically replace Bernanke with Bernanke’s, unless I go in and correct it.

            Jul 27, 2016 27:55 PM

            Don’t be fooled along with the majority, DFS; the effects of those Marxist policies are still coming.

            Bernanke and friends earned their bad reputations with those mind-boggling wealth transfers (thefts).

            GH
            Jul 27, 2016 27:28 PM

            It has been interesting to watch it all unfold, DFS, and I agree in that I’m surprised that there haven’t been more adverse consequences so far. But I’m not ready to give Bernanke any points for what he’s done. As Matthew says, we have yet to see the consequences.

            And I don’t believe the damage thus far has been so slight–not just high wage jobs, but jobs in general have been lost, as shown by the labor participation rate. What will happen to pensions and Social Security? Etc.

            Even the no inflation notion is a bit of a red herring. I returned to the US for the first time in almost 5 years a few months back, and the price increase in basic things was pronounced.

          Jul 27, 2016 27:56 AM

          DFS – on days like this when “The news is that nothing is on the horizon to suggest any break.”

          It’s time to get out the club and beat on our CENTRAL BANKER PINATA line:

          Order now and get the Greenspan, Bernanke, and Yellen (triple threat pack).

          Beat on em’ until you “BREAK” the bank……

          [Warning: Central Banker Pinatas filled with fictional paper money with no value; but it is modeled after actual Fiat paper money]

          Jul 27, 2016 27:05 PM

          Morning DFS,

          To me it depends on how one defines “brewing”!

    Jul 27, 2016 27:35 AM
      Jul 27, 2016 27:14 PM

      Looking good

        Jul 27, 2016 27:17 PM

        Gold to platinum ratio now 1.18

          Jul 27, 2016 27:29 PM

          It was an impressive move up in both Platinum and Palladium today.

            Jul 27, 2016 27:18 PM

            Ditto

            Jul 28, 2016 28:48 AM

            Platinum up,$11,,ratio now 1.17

    Jul 27, 2016 27:36 AM

    An update on GBN.H. I would be watching August 12, since this is the date of closing of the pro-forma bankruptcy of GBN.H. They had a balance sheet insolvency, and fell under the BIA(Banruptcy and Insovency Act) but last Friday the creditors were made whole as they were paid IN FULL, according to the filings under the trustee. The largest creditor was the non-unioized mining subcontractor who was paid $115m.

    The implication is that GBN.H will be returned to trading status and to the TSX Venture in short order after the closing date of the restructuring, which is August 12, a Friday.

    http://agoracom.com/ir/GoldenBand/forums/discussion/topics/671372-charts-comments

      Jul 27, 2016 27:15 PM

      Fransix – I’ve always wondered – You also post as Markedtofuture right?

      Just happened to see this same post on Tommy’s site.

      @Markedtofuture $GBN

      An update on GBN.H.An update on GBN.H. I would be watching August 12, since this is the date of closing of the pro-forma bankruptcy of GBN.H. They had a balance sheet insolvency, and fell under the BIA(Banruptcy and Insovency Act) but last Friday the creditors were made whole as they were paid IN FULL, according to the filings under the trustee. The largest creditor was the non-unioized mining subcontractor who was paid $115m.

      The implication is that GBN.H will be returned to trading status and to the TSX Venture in short order after the closing date of the restructuring, which is August 12, a Friday.

      http://agoracom.com/ir/GoldenBand/forums/discussion/topics/671372-charts-comments

        Jul 27, 2016 27:23 PM

        Thanks for the heads up!

          Jul 27, 2016 27:58 PM

          No, markedtofuture copies and pastes my postings from Agoracom.com to other websites. He’s hoping that someone with insider knowledge will clarify for him what it all means. I would say that anyone unable to realize what paid in full means should have their drivers license revoked and somebody should tell his wife, because he has no reading ability or the reading ability of a child.

          The stock last traded at 0.005, meaning half a cent. So when it opens, the stock will trade that day for 0.005, probably with millions of shares on the offer as it was before it was halted.

          The stock is very closely held and has provided for the capital necessary to implement a growth plan and has de-risked the prospect.

            Jul 27, 2016 27:17 PM

            Much appreciated FranSix. Until August 12th then…..

            Jul 27, 2016 27:24 PM

            It will probably open when the trading halt is lifted and gets re-listed under the TSX-V.

    DFS
    Jul 27, 2016 27:36 AM

    Gotta love the FOMC…..No interest rate raise, but maybe in September.
    Yeh, right, what absolute BS.
    BUt, why should I care? Keep on your precious boosting, if you know what I mean!

      Jul 27, 2016 27:04 PM

      Ditto on the bs

    Jul 27, 2016 27:39 PM

    Mexus Gold – Annual audit signed off
    07/27/2016

    CARSON CITY, Nevada July 27th, 2016: “Mexus Gold US (OTCQB:MXSG) announced today that its annual audit has been signed off by their auditor. The audit will be released by Thursday, July 28th 2016 at the latest. The company will be giving an update on the Santa Elena mine in the very near future.”

    http://www.mexusgoldus.com/news.php

      Jul 27, 2016 27:47 PM

      Ryan, Wolfman, & anyone else following the MEXUS GOLD (MXSG) development story.

      Is this the news we’ve been waiting for? (wink wink 😉 )

    Jul 27, 2016 27:15 PM

    There is some peppy action today post-FOMC in the Silver miners:

    _____________________________________________________________________

    Defiance Silver Corp (DNCVF)

    Last Change / % Change Dividend Yield Volume Avg Volume (10 day)
    0.3844 0.0532 16.06% 78,000 41.7K

    Aurcana Corp (AUNFF)

    Last Change / % Change Dividend Yield Volume Avg Volume (10 day)
    0.3499 0.0429 13.97% 7,386 21.7K

    Silvercorp Metals Inc (SVMLF)

    Last Change / % Change Dividend Yield Volume Avg Volume (10 day)
    2.9126 0.2859 10.88% 399,854 292.7K

    Golden Minerals Co (AUMN)

    Last Change / % Change Dividend Yield Volume Avg Volume (10 day)
    0.98 0.0893 10.03% 1,632,026 1.5M

    Great Panther Silver Ltd (GPL)

    Last Change / % Change Dividend Yield Volume Avg Volume (10 day)
    1.41 0.12 9.30% 2,940,322 2.2M

    Alexco Resource Corp (AXU)

    Last Change / % Change Dividend Yield Volume Avg Volume (10 day)
    1.82 0.14 8.33% 755,724 680.7K

    Santacruz Silver Mining Ltd (SZSMF)

    Last Change / % Change Dividend Yield Volume Avg Volume (10 day)
    0.329 0.0246 8.08% 51,950 83.1K

    Nicola Mining Inc (HUSIF)

    Last Change / % Change Dividend Yield Volume Avg Volume (10 day)
    0.11 0.0081 7.95% 480 14.5K

    Fortuna Silver Mines Inc (FSM)

    Last Change / % Change Dividend Yield Volume Avg Volume (10 day)
    8.59 0.59 7.38% 1,281,757 1.0M

    Endeavour Silver Corp (EXK)

    Last Change / % Change Dividend Yield Volume Avg Volume (10 day)
    4.73 0.32 7.26% 2,892,037 2.0M

    Americas Silver Corp (USAPF)

    Last Change / % Change Dividend Yield Volume Avg Volume (10 day)
    0.2979 0.0199 7.16% 205,636 205.6K

    Jul 27, 2016 27:41 PM

    Matthew – sending you a Jaguar Mining high-five!

    Jaguar Mining Inc (JAGGF)
    $0.46 +$0.07 – up (16.71%)

    Jaguar Mining Inc. (JAG.V)
    0.600.08 (15.38%)

      Jul 27, 2016 27:44 PM

      Jaguar Mining was up 5 times the average volume on the OTC and 3 times the average volume on the TSXV. A nice move comming after comments from “Ole Yeller…”

      Jul 27, 2016 27:58 PM

      High five Shad. It’s going much higher.

      Yesterday morning:

      On July 26, 2016 at 7:50 am,
      Matthew says:
      I still think the miners have another push left before they take a longer break. The HUI found some support yesterday and just might reach 300 before most expect…

      http://schrts.co/rcphE0

      The action for the rest of the week will be important.

      On July 26, 2016 at 8:30 am,
      Lewis says:
      Would you expect then that the metals will also have another push higher?

      On July 26, 2016 at 8:56 am,
      Matthew says:
      Yes.

      Jul 27, 2016 27:04 PM
        Jul 27, 2016 27:18 PM
          Jul 27, 2016 27:21 PM

          Yes, when they came out of bankrupcy credit protection with all their assets (3 mining complexes, 4 mines), and got busy reducing costs, I knew it would be great turnaround story. Now they’re back in the swing of things again. Refreshing to see!

            Jul 27, 2016 27:36 PM

            The creditors were paid with new common shares, but the float is not extreme.

            Jul 27, 2016 27:50 PM

            Market Cap 51M
            Shares Outstanding 111.14M
            Float 97.7M

            Jul 27, 2016 27:54 PM

            Jaguar Reports Strong Second Quarter Production of 24,222 Ounces of Gold

            Second Quarter 2016 Production Highlights:

            – Consolidated gold production for Q2 2016 increased 17% to 24,222 ounces year-over-year and is on track to achieve 2016 full year guidance of 90,000 to 95,000 ounces of gold production.

            – Average consolidated mill head grade increased 10% to 3.76 g/t year-over-year.

            – Turmalina Q2 2016 gold production increased 45% to 15,083 ounces at an average head grade of 4.10 g/t, up 5% year-over-year.

            – Primary development investment increased 95% year-over-year to 1,857 metres completed in Q2 2016.

            – Total definition, infill, and exploration drilling of 9,219 metres completed during Q2 2016 focused on key targets at Turmalina and Caeté. A total of 21,111 metres of drilling has occurred in the first half of 2016.

            – To support future growth, the Company remains committed to completing its 2016 capital investment program, which includes investing in development and exploration activities, a newly designed paste-fill plant, the rebuild of Mill #3 at Turmalina, and the upgrading of the Caeté tailings capacity.

            – Cash balance of $17.5 million as at June 30, 2016, after capital investment programs and payments on debt facility and convertible debentures interest.

            http://www.jaguarmining.com/s/NewsReleases.asp?ReportID=755339&_Type=News-Releases&_Title=Jaguar-Reports-Strong-Second-Quarter-Production-of-24222-Ounces-of-Gold

          DFS
          Jul 27, 2016 27:56 PM

          Thanks, FranSix.
          I try not to touch any management that have cheated previous shareholders before.
          That also explains my feelings about Trump, perhaps.

            Jul 27, 2016 27:00 PM

            What about a new management team that’s been changed up after a company has been restructured, and after Eric Sprott just invested 22 million dollars into it?

            Jul 27, 2016 27:00 PM

            Eric Sprott Announces Acquisition of Shares of Jaguar Mining Inc.
            TORONTO, ONTARIO–(Marketwired – June 28, 2016)

            http://www.marketwired.com/press-release/eric-sprott-announces-acquisition-of-shares-of-jaguar-mining-inc-2138357.htm

            Jul 27, 2016 27:06 PM

            Throughout 2014, 2015, and 2016, most of the management and Directors have been switched out, so the problem children were removed and the new team has it’s act together.

            New team – new dream – well-oiled machine……

            May 12, 2014 Jaguar Mining Announces Change in Directors

            August 27, 2014 Jaguar Mining Appoints COO and VP, Gurupi Project Development

            October 29, 2015 Jaguar Mining Announces Changes to the Board of Directors

            December 16, 2015 Jaguar Mining Inc. Announces New Chief Executive Officer And Provides Update On Strategic Review Process

            February 19, 2016 Jaguar Mining Announces Senior Management Changes

            April 01, 2016 Jaguar Announces Appointment of New Director Thomas Weng

            June 24, 2016 Jaguar Announces Changes to the Board of Directors and Management

            Jul 27, 2016 27:16 PM

            Jaguar has new experienced leadership from Crocodile Gold (during the merger into Newmarket Gold), Barrick, and Anglogold Ashanti.

            *– Rodney Lamond – Position: Director & Position: Chief Executive Officer

            Mr. Lamond is a Professional Mining Engineer who brings more than 25 years of mining experience to the Board of Jaguar Mining and has held senior management positions overseeing or stationed at operations in Peru, Chile, Honduras, Mexico, USA, Canada and Australia. From 2013 to 2015, Mr. Lamond was the President and Chief Executive Officer of Crocodile Gold Corp before the July 2015 business combination of Crocodile Gold Corp and Newmarket Gold Ltd.

            *– Hashim Ahmed – Position: Chief Financial Officer

            Mr. Ahmed joined Jaguar in August 2014, after working at Barrick Gold Corporation for over 7 years, where he held progressively senior positions in corporate finance functions, and held leadership roles at site operational finance.

            *– Jean-Marc Lopez – Position: Vice President, Geology & Exploration

            Mr. Lopez is a Professional Geologic Engineer with over 29 years of experience in Mining Geology and Exploration. Mr. Lopez has played major roles in the exploration, development and the production of precious metals deposits and mines all over North and South America (Canada, Mexico, Peru, Ecuador, Chile, Guyana, Surinam, French Guiana and Brazil). While serving Cambior Inc. and Anglogold Ashanti, he has strongly contributed to successfully bring several world-class gold deposits from the greenfield exploration stage to development.

            Jul 27, 2016 27:19 PM

            Exactly, Ex. I wouldn’t touch it either if the same guys were still in charge. The CEO and director, Rodney Lamond, joined JAG in December.

            Mr. Lamond is a Professional Mining Engineer who brings more than 25 years of mining experience to the Board of Jaguar Mining and has held senior management positions overseeing or stationed at operations in Peru, Chile, Honduras, Mexico, USA, Canada and Australia. From 2013 to 2015, Mr. Lamond was the President and Chief Executive Officer of Crocodile Gold Corp before the July 2015 business combination of Crocodile Gold Corp and Newmarket Gold Ltd. Prior to this, Mr. Lamond held the positions Group General Manager and General Manager with Nyrstar NV from 2009 to 2013. Mr. Lamond was Vice President of Operations and General Manager of Gold Hawk Resources prior to the acquisition by Nyrstar NV in 2009.

            Mr. Lamond received a Bachelor of Engineering degree in Mining Engineering from Laurentian University and is member of the Association of Professional Engineers of Ontario, Northwest Territories and Nunavut.

            http://www.jaguarmining.com/s/Officers.asp

            Jul 27, 2016 27:20 PM

            Oops, sorry about duplicating your efforts.

            Jul 27, 2016 27:24 PM

            Funny. Well, It just emphasized the point.

            New team – new dream – well-oiled machine……

            DFS
            Jul 27, 2016 27:17 PM

            New management is different. Guess I might look more carefully.
            So many stocks; so little time!

        Jul 27, 2016 27:19 PM

        That’s a nice looking bullish daily candle, coming up off the apex of that pennant pattern.

          Jul 27, 2016 27:30 PM

          So the buildup of energy as the pennant narrowed broke to the upside. ^

    Jul 27, 2016 27:00 PM

    Thanks Rick. Here at the sold out Sprott Conference and Sean Brodrick in his pesentation had Timmins as one of his top picks.

      Jul 27, 2016 27:20 PM

      Timmons. Going higher

    Jul 27, 2016 27:19 PM

    Exhibitors at the Sprott Natural Resource Symposium:

    http://www.naturalresourcesymposium.com/exhibitors/

    Jul 27, 2016 27:24 PM

    Where is Tweety..dusted by the crash ?

      Jul 27, 2016 27:43 PM

      OOTB…Ssshhh..Tweety is napping…don’t disturb..let Sylvestor handle it…

        Jul 28, 2016 28:07 AM

        Gator and Jerry, The English have a saying ” Let Sleeping Dogs Lie”, I think you know what I mean. DT

          Jul 28, 2016 28:14 AM

          Ditto..got it :-)!

    Jul 27, 2016 27:36 PM

    I love this new feature with Rick doing the technicals for individual companies. Great stuff!

    Jul 27, 2016 27:22 PM

    What does Rick think about the technical’s for Wellgreen Platinum. WG on The TSX. DT

    Jul 27, 2016 27:11 PM

    Rick’s analysis of TGD matches the chart I have.