What’s in play in the bond market
With Doc today we discuss what is driving the bond market. After Rick made the comment that he thinks the bond market is basing Doc wanted to follow up with what his techincals are showing him.
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Here’s Why New Gold Inc. Shares Are Plunging Today
http://www.fool.com/investing/2017/01/30/heres-why-new-gold-inc-shares-are-plunging-today.aspx
A BIG OUCH!
It is now oversold technically, I believe, judging by its RSI.
Looks like the stock could head back down to 2.
I wonder If Pierre Lassonde has been buying or selling his NGD?
Just goes to show even the big boys can miscalculate. That stock will be dead money for awhile. I might entertain taking a small position after the next financing.
Sadly I already have a big position in NGD.
Here’s a few more supports to watch:
http://stockcharts.com/h-sc/ui?s=NGD&p=D&yr=1&mn=2&dy=0&id=p70452741026&a=503205797
It’s market cap just had $500 million knocked off mostly due to a $100 million shortfall. I think it will be much higher than today’s close by the time any financing is announced.
I have no position, long or short.
CLASF Colorado Resources jumped 22.5% today. Anybody have any insights or news?
Nice move up on huge volume today. Did not see any associated news.
This all I’ve seen:
WEST KELOWNA, BRITISH COLUMBIA–(Marketwired – Jan 26, 2017) – COLORADO RESOURCES LTD. (TSX VENTURE:CXO) (“Colorado” or the “Company”) advises it has entered into an agreement with the Tahltan Central Government (“TCG”) to establish a formal relationship to share information on the Company’s projects in the Tahltan traditional territory with the TCG and its members (the “Communications Agreement”). The Communications Agreement will assist in developing communication protocols to form a working arrangement for communication between the Company, the TCG and its members regarding Colorado’s activities in the Tahltan territory.
There has been steady insider buying:
(Sorry, I know from experience this posts jumbled….
As of
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Price
Jan 16/17 Jan 13/17 Travis, Adam Robert Indirect Ownership Common Shares 10 – Acquisition in the public market 8,000 $0.260
Jan 12/17 Jan 12/17 Travis, Adam Robert Indirect Ownership Common Shares 10 – Acquisition in the public market 3,500 $0.260
Jan 12/17 Jan 12/17 Travis, Adam Robert Indirect Ownership Common Shares 10 – Acquisition in the public market 25,000 $0.265
Jan 12/17 Jan 11/17 Travis, Adam Robert Indirect Ownership Common Shares 10 – Acquisition in the public market 20,000 $0.265
Jan 12/17 Jan 11/17 Travis, Adam Robert Indirect Ownership Common Shares 10 – Acquisition in the public market 6,000 $0.260
Nov 24/16 Nov 21/16 Blanchard, Alexander Direct Ownership Options 50 – Grant of options 200,000 $0.220
Nov 24/16 Nov 21/16 Blanchard, Alexander Direct Ownership Options 00 – Opening Balance-Initial SEDI Report
The SGE is closed today,SGE gold $1200), so the rise in gold in US/UK was slightly surprising:
NGD 1000 @ $2.44
Doc, have you noticed NGD’s big fall today?