Targets for the Dow, Gold, and US Dollar
The Dow is looking to break above 22,000 while gold and treasuries are also moving up. I chat with rick Ackerman today to get his updated targets for the Dow, gold, and US dollar. We also discuss the overall money flows which seem to have investors indiscriminately throwing money into the markets.
Click here to visit Rick’s site for more of his technical analysis.
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http://stockcharts.com/h-sc/ui?s=GDXJ%3AGLD&p=D&yr=8&mn=0&dy=0&id=p62357927087&a=537463316&listNum=1
GDXJ about to get hammered in all likelihood, based on history.
https://youtu.be/pCDlij6snRk?t=32
ira’s morning TA
2017-08-01 11:45 ET – News Release
Mr. Tim Termuende reports
EAGLE PLAINS COMPLETES ROYALTY AGREEMENT WITH AREVA, UEX
Eagle Plains Resources Ltd. has completed a tri-party agreement with Shea Creek joint venture partners Areva Resources Canada Inc. and UEX Corp., whereby the companies will acquire certain mineral dispositions in the Shea Creek area of northeastern Saskatchewan from Eagle Plains. AREVA and UEX will reserve in Eagle Plain’s favour a 2% Net Smelter Royalty (“NSR”) on all future production relating to the dispositions. This royalty can be reduced at any time by paying Eagle Plains $CDN 1,000,000.
Eagle Plains is a very interesting Prospect Generator (mostly with Gold, Silver, Base Metals, but these Uranium properties are being optioned out and put to good use). I’ve been keenly interested in UEX and Areva’s partnership on a few of their properties, but this Shea Creek one has gotten more attention lately. I’m guessing if they hit it big on discovery they’d pay Eagle plains to buy back the NSR. Very synergistic for all parties involved.
2017-08-01 10:41 ET – News Release
Mr. Peter Tallman reports
KLONDIKE GOLD CONFIRMS ALONG-STRIKE CONTINUITY, INTERSECTS 1.6 G/T AU OVER 30.7 METERS AT LONE STAR TARGET
Klondike Gold Corp. has received drill assay results from continuing drilling at the Lone Star target within the company’s 527-square-kilometre Klondike district property, Yukon. Assay results from nine of the earliest 2017 holes, LS17-83 to LS17-91, are reported. Based on the early success of drilling at the Lone Star target reported here, the Company’s Board of Directors has approved a 20 hole expansion of the drill program to 80 holes.
The 2 hour GDXJ chart looks good, with the MAs tight and in perfect bullish alignment. I would think if price does break below the 200 period MA, then that is not a positive at all. one would hope that headfakes aren’t necessary at this point!
http://stockcharts.com/h-sc/ui?s=GDXJ&p=120&b=5&g=0&id=p96891689966&a=537466074&listNum=1
Two of the oldest fundamentals known: accumulation and distribution.
more freakish action on the AXU 2 hour chart. Note the alignment of the MAs. Can be dashed in instant of course, but it’s better than being down 10% today, lol.
http://stockcharts.com/h-sc/ui?s=AXU&p=120&b=5&g=0&id=p20250809984&a=537505054&listNum=1
(AXU) Alexco is looking poised for run to the upside, as long as metals prices stay supportive. If it can close above the 200 day EMA (around $1.44 currently) then it looks to be completing a rounded bottom (maybe even a Cup & Handle pattern but we’ll need more candles to confirm that).
http://stockcharts.com/h-sc/ui?s=AXU&p=D&b=5&g=0&id=p04226534900&a=537505054
http://stockcharts.com/h-sc/ui?s=AXU&p=D&b=5&g=0&id=p04226534900&a=537505054
(AXU) Alexco is looking poised for run to the upside, as long as metals prices stay supportive. If it can close above the 200 day EMA (around $1.44 currently) then it looks to be completing a rounded bottom (maybe even a Cup & Handle pattern, but we’ll need more candles to confirm that). Either way, it would be a bullish setup for an upside breakout.
http://stockcharts.com/h-sc/ui?s=AXU&p=D&b=5&g=0&id=p04226534900&a=537505054
My only concern would be the dollar advancing and pressuring metals, but that may be the catalyst to create a pullback, which would paint the handle on that cup. 🙂
The drill results from the Alexco August/September exploration program could really light a fire under AXU if they keep hitting the high grade intercepts like they did last year.
Drill baby drill…..
Speaking of under-valued Silver stocks…..
Santacruz Silver had a pretty nice move on the day. It would be nice to see these silver stocks start to put in more solid days like this moving into the seasonal strength this time of year.
Santacruz Silver Mining Ltd. (SCZ.V)
$0.225 up +$0.025 (+12.50% gain)
For those following the success of Osisko Mining over at Windfall, it should be noted that Metanor is a nice and newly restructured Gold Producer/Developer/Explorer that is operating right next door. I believe as this area play with other miners like Secova and Bonterra also get more attention, due to Osisko’s presence there, that Metanor stands to benefit greatly from a rerating and more visibility.
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Metanor Resources – Corporate Presentation:
http://www.metanor.ca/wp-content/uploads/2016/02/Corporate-presentation-2017-07-rev2-Eng.pdf
Here is a map of this emerging hot area play to see where related companies are situated.
Almadex Minerals Ltd. has qualified to trade on the OTCQX Best Market. Almadex Minerals upgraded to OTCQX from the OTCQBtrademark Venture Market.
Almadex Minerals begins trading today on OTCQX under the symbol “AXDDF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on http://www.otcmarkets.com.