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Updated targets for Gold and volatility

Cory
April 12, 2017

The mentality around shortened trading weeks, and updated calls for gold and the VIX are all on tap for Rick and I today. When it comes to gold Rick and I look at the longer term monthly chart and consider the nice bottom the metal has formed. Rick shares a target of $1,465 as long as gold takes out a key level at $1,297.40.

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Discussion
17 Comments
    Apr 12, 2017 12:35 AM

    Rick I agree we all need updated targets for God!! …Like praying our hearts out for some sort of deliverance!
    Best, A

      Apr 12, 2017 12:45 AM

      Sorry Andrew, the title is fixed now…

        Apr 12, 2017 12:07 AM

        Still maybe a prophetic slip amidst all this mayhem Cory! Best, A

          Apr 12, 2017 12:26 AM

          good one Andy………

    Apr 12, 2017 12:57 AM

    The YEN is cooperating this morning, helping gold some…..109.43.

    Apr 12, 2017 12:14 AM

    Silly wabbit, the VIX is for Ricks pix.

    Apr 12, 2017 12:12 AM

    Hiccups can put paid to the best laid plans…

    http://kingworldnews.com/art-cashin-a-great-storm-is-brewing/

      Apr 12, 2017 12:42 PM

      Haha! Art has a way with words.
      Napoleon Bonaparte had an “aggressive M&A department”
      LMAO. Always great to hear Art.

    Apr 12, 2017 12:07 PM

    maybe GCC can close out the week with a massive inverted hammer on the weekly chart. We’ll see.

    Apr 12, 2017 12:42 PM

    Mandalay Resources Corporation Announces Production and
    Sales Results for the First Quarter of 2017
    April 12, 2017 —

    “Mandalay Resources Corporation (TSX: MND) announced today its production and sales results for the first quarter of 2017. In the first quarter of 2017, Mandalay produced 32,481 saleable ounces of gold equivalent and sold 34,801 ounces of gold equivalent.”

    Mark Sander, President and Chief Executive Officer of Mandalay, commented, “Mandalay’s production and sales in the first quarter of 2017 show that the company is on track to delivering on our guidance range of 138,000 to 163,000 ounces of gold equivalent for 2017. First quarter sales were within the guidance range given in the press release on February 16, 2017, and we expect improving production at all sites in the balance of the year to support higher sales in the coming quarters. ”

    http://www.mandalayresources.com/wp-content/uploads/2017/01/MND_April_12_2017.pdf

    Apr 12, 2017 12:40 PM

    Wow,
    gold up 0.99%
    silver up 0.71%
    copper down 2.4%
    oil down about 1%.

      Apr 12, 2017 12:07 PM

      Interesting divergence in the Precious Metals versus commodities.

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      Apr 22, 2017 22:54 PM

      Thanks for the ideas Nathan

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