CRB, Palladium, Treasuries, Corporate Buybacks – Tying It All Together.
Sometimes we all get too focused on individual markets and lose sight of the big picture. Today with Doc we look at everything from US markets to treasuries to commodities and tie it all together.
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Doc, you indicated that gold and silver are under pressure over the next few months, what do you think the silver and gold price will get to before it turns up later this year or 2018. I have been picking up a little here and there, but am waiting for further declines before getting bolder.
Pardu, I’ve been adding a little every week to different positions I have. Whenever one of my stocks I like pulls back, I add. It’s just not only PMs but uranium and other stocks. I’m in no hurry as mentioned weeks ago since I put my money based on my forecast for what this year would bring and it’s been right on. This year won’t be notable for the PMs accept probably toward the end of the year. I add in small increments over time and will really hit the stocks hard when certain charts predict a pending major move by breaking resistance areas. Patience has been encouraged months ago along with the statement that this year would be a good year to start to add to old positions and to take new positions. A lot of these stocks are starting to scrape bottoms and some are still in the process of seeking little lower bottoms. Stocks bought today may see a little lower price yet but at least you’re not sitting with stocks bought at 2011 highs and riding them down.
NOVO TO CONSOLIDATE INTERESTS IN LARGE LAND POSITION
IN KARRATHA REGION, WESTERN AUSTRALIA
VANCOUVER, BC, June 26, 2017 – Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) (“Novo” or the
“Company”) is pleased to announce that Novo and two of its 100%-owned Australian subsidiaries, Grant’s
Hill Gold Pty Ltd (“GHG”) and Karratha Gold Pty Ltd (“KG”), have entered into a binding Memorandum of
Agreement (“MOA”) that allows Novo to consolidate its ownership in five key tenements encompassing
approximately 6.5 km of strike along outcropping conglomerate-hosted gold mineralization at Novo’s new
Karratha gold discovery.
“We are extremely pleased to have consolidated control over this exciting new gold discovery,”
commented Dr. Quinton Hennigh, Chairman, President, and director of Novo Resources Corp. “The five
tenements comprising the Comet Well property cover about 6.5 km of strike along outcropping goldbearing
conglomerates. Purdy’s Reward, part of our earn-in and joint venture with Artemis Resources Ltd.,
sits immediately adjacent to Comet Well and covers an additional 1.5 km of mineralized strike. Comet
Well and Purdy’s Reward combined give Novo control over 8 km of critical outcropping conglomeratehosted
gold mineralization. In addition, Novo has a 100% interest, through staking, in the entirety of down
dip extensions of the mineralized conglomerate horizon.
2017-06-23 10:40 ET – News Release
Mr. Joness Lang reports
AURVISTA GOLD CORPORATION PROVIDES FINANCING UPDATE AND NEW ANNUAL AND SPECIAL MEETING DATE
Aurvista Gold Corp. plans to increase the oversubscribed hard-dollar (HD) financing (see the press releases dated June 2 and June 14, 2017) by $100,000, subject to regulatory approval. The $4.1-million total HD financing is expected to close on Monday, June 26, 2017. The company’s oversubscribed charity flow-through (CFT) financing will remain at $6-million for total aggregate gross proceeds of $10.1-million. The CFT financing will close in two tranches with the first closing date coinciding with the HD close date on June 26, 2017, and the second tranche closing on July 14, 2017.
PRECIPITATE EXTENDS SHARE PURCHASE WARRANTS
Precipitate Gold Corp. intends to extend the exercise period of a total of 10.38 million outstanding share purchase warrants, all of which are exercisable at 35 cents per share. The warrants were set to expire July 13, 2017, and July 21, 2017. The new expiration date of the warrants will be Dec. 15, 2017, and the 35-cent exercise price of the warrants will remain unchanged. The warrant extension is subject to acceptance of the TSX Venture Exchange.
Just trying to get a handle on this place as I saw a link to the weekend show at stockhouse. Doc doesn’t actually post the charts he makes his calls off?
Questions by readers don’t get answered and most just post stuff that has nothing to do with the speakers opinion, odd
So silver and gold to trade much lower yet no suggestion to short anything,lol
TB
I think you’ve pretty much covered it. 😉
really! so he gives his opinion but doesn’t back it up with a chart,sorry thats just amateur as its just an opinion based on what imaginary technicals lol. I see you posts charts but thats it, good luck to all here. Evidence is in the charts not opinions.
TB
TB
Present the evidence,please.
Here’s some evidence that gold’s dip uncovered some buyers today (but I wouldn’t bet against a little more downside)…
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=0&mn=9&dy=0&id=p45367858882&a=530213544
thanks Pete for the easy set up…$147 oil or $49 silver remember all the opinions of $175…$200 oil or $75 and $100 silver yet the chart was correct vs opinion as it suggested exiting long positions protecting ones wealth….opinions mean nothing its all about money flows
Good luck here guys….TB
Bill, nothing is a fact until it is history. So chartists act on opinion as well. Their opinions just happen to be based on price action that is already fact. Whether one plays with charts, fundamentals, cycles, sentiment, or all four of those, competence is what’s important.
Not all opinion is created equal and disciplined risk management can make a mediocre approach profitable.
yup you get it, facts vs opinions, fact is regardless of much higher price calls with my oil and silver example the facts on the chart which is price data along with momentum indicators proved all the bullish opinions incorrect just as it does at lows and fundamentals can add confusion as common sense is flawed when its money flows that drive the chart patterns
nice chat but this place is not for me as opinion/ego rule here and thats amateur no pro trader looks for an opinion on the www, lol
You’re pretty serious about where you hang out. If a trader knows what he’s doing, there’s no need to hang out anywhere.
If it weren’t for the massive speculative gains available in thinly traded juniors miners, my approach would take up a lot less time than it does right now. Successful trading doesn’t require watching the market during market hours.
that gave me a giggle thanks! so what are you doing here if you know what your doing as a trader?
well I have a tee off time calling me…Fore!
follow the money flows off the charts men not opinions rule #1
Like I said, you’re pretty serious about where you hang out. I’m not. I scroll through here while I do other things at other sites. By living and breathing the junior miners for years, I’ve made a lot of money with my worthless opinions on setups that the trader in me would have had no use for.
It should be obvious that this site isn’t focused on trading.
Jesse Livermore did not use charts, at least not early on. It was almost all psychology and very short term price movement.
I keep my charts as simple as possible (http://www.trendlinemagic.com/), and respect the opinions of those with great experience — with or without charts.
A good resource: “Reminiscences of a Stock Operator”
“Gold Support Test: Deep violation overnight!”
http://www.trendlinemagic.com/2017/06/gold-support-test.html
Updated text and additional chart.
ira epstein metals:
Gary savage:
https://youtu.be/R-rhNJ6wqZ4
ira epstein end of day:
The buck has been unimpressive and will probably stay that way even if it manages to rise a little further. I stuffed a lot on the following chart but it’s still readable if you cross your eyes a little…
http://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=0&mn=10&dy=13&id=p77218151303&a=529727645
I did cross my eyes on this chart, and it became a 3D art picture.
There are forks and modified forks galore, but one thing that really stands out is the 200 day SMA. It makes more sense that this would be the case with something watched as heavily as the US Dollar.
With other stocks that are less liquid and move in more volatile ways, I like to look at the Fib levels like 89, 144, 233 for SMAs or EMAs.
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Gold – Just One of Those Days
by FI FIGHTER on JUNE 26, 2017
in PRECIOUS METALS UPDATES (Fat Finger Trade in Gold, $R Red Eagle flash crash)
http://fifighter.com/precious-metals/precious-metals-updates/2017/06/gold-just-one-of-those-days/
I am interested in Doc’s comments about the CRB going to new lows.
I am seeing a bounce in Copper, Platinum, etc, mining shares this morning seemingly on the USD being lower… and I see that stocks like Cliff Resources, Teck, etc, have bounced in the past week since the USD has gone down a bit… but I would like to hear more about thoughts of base metals going to new lows below 2016 lows.
I do wonder whether we are about to get some deflationary collapse in base metals and, like in Summer 2015, the base metals just keep tracking down and down.
Dollar Index gap at 96.71 may fill today.
Other significant gaps are on the upside.
Gap closed !!!
Could either Cory or Doc enlighten me on the Dollar/Gold Ratio please. I checked out both $USD:$GOLD and $GOLD:$USD on StockCharts and I don’t see what Doc is referring to as regards the 200 month Moving Average. Thanks, B.
Pall and gold often run together and often not, where does Doc post his charts as I don’t see a link?
What silver vehicle are you using for your short Doc as you suggest $13 silver?
https://tinyurl.com/yakq8t2x