Money is flowing into exploration companies
Today with Chris Temple we focus on the resource sector and the money that has been raised. Private placements have been oversubscribed and companies are cashed up. This is great news in the sense that projects can be advanced but investors still need to be aware of how this money is being spent. Also pay attention to where the major companies are putting some of there cash in terms of exploration plays.
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Yep a good one………..clues keep coming……..read that one this morning ….
Martin Armstrong had a great article…..Steele posted it earlier
This one? Evidence Hillary Was Briefed by Obama on Covert Abuse of Power to Target Trump
the Valerie Jarrett article………
Chris, not only is the current takedown a buying opportunity for gold, it is clear to me as physical silver availability is now INSUFFICIENT to maintain the COMEX and the LBMA, we will have a unique opportunity in the next few weeks as a last time buying opportunity for silver in magnitude. (Of course, there will always be a possibility to buy small quantities of silver at a price.) But the time for a bargain buying opportunity will pass into history. (I realize the bugs have been saying this forever, but this time….Ding, Ding, Ding,….. the bell is ringing.)
Can’t remember when your positive attitude towards buying was any stronger than you have relayed in this post. If you are right about COMEX AND LBMA, the fire dept. volunteers could be moving towards their ‘light the fireworks’ stations.
ding, ding, ding……….a ring of the diner bell to the sheeple……
or dinner time
I’m hungry
ding ding ding?
must mean this time is different.
just “funin ya” cfs
Is this the first time for such shortage of physical silver? Or has it happened before? Also we should not forget JP Morgan is rumored to have stashed a large amount of physical silver.
JPM……has…. I think……500million oz..of silver
They are one of eight that like to short…….until the CFTC is closed , JPM can run as much paper silver as they want thur the system
No excitement in silver phyz, until $21……
Did not know……CME also was exiting…….THAT IS GOOD NEWS
The trading house is now getting nervous ………
I may take back my call on $21 silver…….and get excited now….. 🙂
GREAT BIX WEIR report……..
People have been claiming a silver shortage since about 1980, maybe longer?
Check the Hunt brother story.
Sorta funny tho, had to do with alot more than silver, but thats what people figure the main point was.
Never been a shortage jay, you can buy all ya want.
jpm took about a month? to acquire the largest hoard ever amassed in history……ya…real shortage.
From the wikileaks info, it is quite that the Big Brother CIA intends to surreptitiously monitor us all.
It does not surprise me Mark Zuckerberg’s personal laptop has black tape over it’s camera aperture.
Most all smart devices can be taken over by CIA developed software worms to report as listening and watching devices (even when “switched off” to CIA servers that monitor public behavior.
Big Brother 1984 is not only here, but we have gone far beyond anything Orwell could have envisioned.
I have been using stockcharts for a long time but recently discovered another site: tradingview.com where you get better charts that are live to the second.
Gold bouncing off major support near 1216. Might just be another dead cat bounce. I need to get out of my big gdx position as there are far easier ways to make money in the general market.
This would be good time/place for the miners to turn up. The following is a chart of GDXJ with a Schiff fork, Fibonacci fan, and two sets of Fibonacci time zones:
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=1&mn=2&dy=13&id=p35552378756&a=511146714
The miners need to cement a low here or they could go much lower.
What is that based on?
Do you mean cement a low today?
And how much is a lot lower?
That’s based on various supports. I’m talking about a move to at least the 600 day MA at $28 for a drop of about 15%.
ARU.V ?
I’m not familiar with that one and it doesn’t show up at stockcharts.
Keith Barron, Ecuador. New project.
Historical read on Barron: http://www.321gold.com/editorials/moriarty/moriarty030717.html
PPP went slightly lower today before turning precisely at a pivot support:
http://stockcharts.com/h-sc/ui?s=PPP&p=D&yr=0&mn=7&dy=13&id=p37741497734&a=507178767
Nexus Gold Drills 26.69 g/t Au over 4.85m, Including 120 g/t Au OVER 1m, at Niangouela Gold Concession, Burkina Faso, West Africa
http://www.nexusgoldcorp.com/index.php/news-releases/2017-news/73-
USAS turned up at (modified Schiff) fork support and there’s a new golden cross (50 day MA has crossed above the 200 dMA).
http://stockcharts.com/h-sc/ui?s=USAS&p=D&yr=0&mn=9&dy=13&id=p75105307511&a=510636449
Today Gary Savage turned bearish on gold and silver miners for the next month or 2.
With mining stocks having been on a downward bias since 2nd week of Feb., Gary’s statement today is somewhat behind the times. SKI nailed it a month ago in his public posting on 321Gold.
SKI also called the new bull market before anyone that I know of back in January, 2016. Most blew it and remained wrong for months afterward.
My only “problem” with SKI is that I like to speculate in the tiniest and most illiquid miners and can’t just exit whenever I want to. In other words, I take much greater risks that force me to have big-picture convictions.
For those who want to play the whole sector with minimal risk using funds or ETFs, SKI is unbeatable.
Matthew:
You hurt my feelings.
Dec 23, 2015
Slowly but surely the stars have come into alignment for the battered metals sector. The bear market in silver started at the end of April of 2011. Gold topped in September of the same year. The bear has been more brutal and lasted longer than any since 1970. But bear markets breed bull markets and the upcoming market is going to be interesting to say the least. When gold and silver bottomed in 2001 the financial horizon was still reasonably stable. Today the banking system and financial systems of most countries are on the edge of an abyss waiting to fall into the bottomless pit.
We are at the end of tax loss silly season. For the past couple of weeks shares have been dumped on the sales table just because they are down for the year. Many shares are going to recover in the next two months simply because they sold off during tax loss silly season.
The Commitments of Traders numbers are more favorable for gold than they have been for 14 years, going all the way back to 2001. Silver is not quite as positive but still positive. We are perfectly positioned for a bull phase even if you believe gold and silver are in some kind of permanent bear market.
http://www.321gold.com/editorials/moriarty/moriarty122315.html
Bob, I have absolutely smoked Jeff’s performance since the 12/2015 low for gold and am sure you did too. We both know major lows when we see them and prefer to buy weakness.
I singled out Jeff because he’s the first one I know of among those with paid subscribers that called a new bull. Actually, to say that he “called’ it is misleading. When SKI says we have a bull market, you can take it to the bank – it’s not based on someone’s opinion or gut feeling.
Still, you were clear and public with your comments so you can take the award. My apologies. 😐
Maybe Spanky and I can get an honorable mention?
http://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=0&dy=0&id=p33800446343&a=504250724
Gold was a “buy” weeks before the SKI bull…
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=2&mn=0&dy=13&id=p47392169162&a=446201163
Matthew:
Those who give valuable investment data away for free deserve a double dose of karma over those who sell it. I can’t stand Murphy and the whole gang of clowns he surrounds himself with. They feed fantasies and cost investors hundreds of millions of dollars waiting for the “Gold Derivatives” time bomb or “Comex Default” to happen.
You on the other hand give it away for free and are far better than anyone I know who charges. I at least can profit by selling banners so I do get some compensation, so you deserve more karma than I do.
And I do ok with my trading.
Thanks, Bob. I’ll take a double dose of good karma any time.
What is SKI saying now?
Gold Stock Update: Bingo-Decline
DOUBLE DITTO for YOU…MATTHEW..aka ‘professor”!!
I appreciate your insight Matthew also
Triple Ditto!
Thanks guys.
me too, i look forward to reading Matthews posts.
So is the current view gold is going lower, i think Doc also said the same.
Thanks Clare. Yes, it looks like gold is going lower. There’s quite a bit of support in the $1206 to 1200 area. If 1195 doesn’t hold, the 1180 area comes into play.
me four.
What a genius. It took him that long. The rally to 1250 resistance was the time to go bearish. Below 1200 is very likely now.
Again, you folks should take a look at V.QMC if you are looking at an extremely undervalued Lithium play.
VANCOUVER, British Columbia, March 07, 2017 (GLOBE NEWSWIRE) — QMC Quantum Minerals Corp., (QMC.V) (3LQ.F) (OTC PINK:QMCQF) (“QMC” or “the Company”), has contracted the services of North Face Software along with Inukshuk Geological Consulting to analyze and interpret the historical drill data for the Irgon Mine as logged by Lithium Corporation of Canada Ltd. These data will be used to render a 3D model of the historical resource on the Company`s property.
The property covers the former Irgon Mine and several known pegmatite dikes of which currently the largest and best exposed is the spodumene-bearing Irgon Dike. This dike is well exposed on a glaciated surface and strikes N80°W with a dip of 87°S. It currently has a total exposed strike length of 442 meters and displays widths varying between 3 to 18 meters, with an average width of approximately 7 meters. Near the centre of its widest section, the dike is composed of large microcline crystals, from 39 to 61 centimeters along their crystal faces, which lie in a finer-grained groundmass of quartz and spodumene. The eastern portion of the deposit was sampled over a length of about 229 meters (circa 1934) with samples sent for analyses at the Department of Mines, Ottawa. The results, although considered by QMC to be historic, indicated contents of 40-53% spodumene for samples, and 7.44% Li20 contained within the spodumene mineralization.
Between 1953-1954 the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and reported a historical resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a 1956 Assessment Report by Bruce Ballantyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on reasonable assumptions and the company/QP has no reason to contest the document`s relevance and reliability. A detailed drill program will be required to update this historical resource to current NI 43-101 standards. Historic metallurgical tests reported an 87% recovery from which a concentrate averaging 5.9% Li2o was obtained. A complete mining plant was installed on site designed to process 500 tons of ore per day and in addition, a three compartment shaft sunk to a depth of 74 meters. On the 61 metre level, lateral development was extended off the shaft for a total of 366 meters of drifting; from which six crosscuts transected the dike. The work was suspended in 1957, awaiting a more favourable market for lithium oxides and at this point the mine buildings were removed.
Financing Increase
Further to the news release of March 6, 2017, The Company, due to overwhelming interest, has agreed to increase the private placement to $1.1-million.
The Company has engaged Ascenta Finance Corp. to arrange a private placement of up to $1.1million (CDN). The financing will consist of issuing up to 11million units at $0.10 per unit, where each unit will consist of one common share and one common share purchase warrant exercisable at $0.17 per warrant for a period of 18 months. In the event that the closing price of the Company`s shares as quoted on the TSXV exceeds $0.28 per share for ten consecutive days, the Company may accelerate the expiry date of the $0.17 warrants by giving notice to the holders, within five days of such event, thereof, and in such case, the warrants will expire on the 30th day after the date on which such notice is given by the Company.
All securities issued pursuant to this private placement will be subject to a four-month hold. The private placement is subject to acceptance by the TSX Venture Exchange.
Finders` fees may be paid by the company in conjunction with the completion of the private placement in accordance with TSX Venture Exchange policies.
The Company intends to use the net proceeds from the private placement for working capital, advancing its recently acquired Irgon Mine Lithium project and general corporate purposes.
QUALIFIED PERSON AND NI 43-101 DISCLOSURE
The technical content of this news release has been reviewed and approved by Bruce E. Goad, P. Geo. who is a qualified person as defined by National Instrument 43-101.
Maybe the drip, drip down in Uranium has stopped for a while. There’s some positive buying in UEC today.
For contrarians, this article may have just marked a temporary bottom in the Uranium market.
Made some coffee money shorting silver today. Sorry silver bugs! Currently riding scout positions on JNUG and JDST.
The monthly chart for the $HUI looks pretty weak for the next month or two. Last months gravestone doji was a pretty big warning sign we were going lower this month. Even if we get some sort of bounce on the daily chart, there is no way it rockets back up this month.
Look at AUY’s monthly chart. It looks terrible. It couldn’t even stay above the 20 month MA. And the monthly stochastics aren’t even oversold yet.
This sector is going to be a sideways grind at best IMO. At worst we are headed to new lows, along with gold.
Americas Silver is one of only nine companies that will be opening a new mine this year. That of course is out of 1000’s of companies, with such a low float it could start to sound like an Italian popcorn machine.
the HL weekly chart looks awful too. Looks like it wants to head back to the 100 WMA, which is about $1 lower from here. Silver stocks could bounce here, but they look like they are ripe for the slaughter. I am still holding my mining stocks but I am definitely losing my patience here.
Both JNUG and JDST made double digit moves up today.
GCC (unweighted commodity index) weekly chart is breaking down here. It has to reverse course soon (next week or two) or stick a fork in commodities for a long time. Of course, the odds of any reversal before the FOMC are about zero, so there will be plenty of pain inflicted before then in all likelihood.
My guess is sideways to down for a few months, but nothing too dire.
On the monthly chart the GCC is on top of the 20 month sma, which will be leveling and turning up over the next few months barring a big drop in GCC.
For those who can see monthly charts:
http://stockcharts.com/h-sc/ui?s=GCC&p=M&yr=10&mn=0&dy=0&id=p68925639991&a=495274111
Drifting sideways for a few months under the downsloping orange fork seems likely to me, and not a problem as long as the Dec low at 19.09 isn’t broken.
http://stockcharts.com/h-sc/ui?s=GCC&p=W&yr=10&mn=0&dy=0&id=p89279191479&a=494657532
Silver rigging less than 10 months to expire for good.
great report………jmho….
Wonder what JPM is going to do……..
NIA announced their new #1 Mexican silver stock pick for 2017: Southern Silver Corp (TSXV: SSV) Canadian or SSVFF (on US stock exchange).
Historically, NIA’s biggest stock suggestion success has been with Mexican silver stocks – with 100% of NIA’s previous Mexican silver stock suggestions becoming HUGE winners, achieving an average gain at their highs of 488% from NIA’s initial suggestion prices. NIA’s most recent Mexican silver stock suggestion was Great Panther Silver (GPL), which reached a new high on February 24th of $2.28 per share for a gain of 551.4% since NIA announced GPL as its #1 stock suggestion for 2016 in August 2015 at $0.35 per share.
Thanks Lisa. It’s on my watchlist, but honestly I have not been watching it very closely. The heads up is appreciated.
Wikileaks Unveils ‘Vault 7’: “The Largest Ever Publication Of Confidential CIA Documents”; Another Snowden Emerges
http://www.zerohedge.com/news/2017-03-07/wikileaks-hold-press-conference-vault-7-release-8am-eastern