A Better Outlook For PMs Heading Into 2019 – Segment now uploaded
Jordan Roy-Byrne, Founder of The Daily Gold looks into the precious metals sector in terms of gold and silver prices as well as the stock ETFs. Things are looking much better for the precious metals complex heading into 2019 but it’s not a clear cut bull market just yet. There are some key other markets to watch that could further push for the move into PMs.
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GDX is getting close to tagging its declining 300 WMA for the first time in 6 years. Another 30-40 cents and it’s there.
The declining 300 WMA and flat 200 WMA are about 80 cents away from each other. The 300 WMA should cross below the 200 WMA in April, FWIW.
Ira Epstein:
https://youtu.be/9wKriz7s7Dw?t=32
In order to nullify the outside day down on the 26th, GDX needs to get above that day’s high of 21.40. So far today it’s high is 21.39.
ok, GDX made a new high above 21.40.
Now that tax selling is over it looks like the NGD train is leaving the station and is headed to the Emerald City, but will NSRPF get there first?
BB, NGD is huffing and puffing right now but I don’t know if all the passengers are on board yet. In spite of that, I added to my position yesterday.
Doc, glad to hear you bought more NGD. I think a lot more passengers will get on board at much higher prices. We have liftoff!
China’s Zijin Mining raises capital to fund takeover of Nevsun, but causes market panic
by @Samson on January 3, 2019
BB, not investment advice but jag.to is also “huffing and puffing” and wants to break out on its’ weekly chart.
Let’s see if jag.to can break over its neckline@.26
Jag finally looks ready to undo that August plunge:
http://schrts.co/LdZXDZ
Looking forward to seeing JAG get on it’s bike and ride in 2019.
JAG was one of my 3 company selections for the 2019 ceo.ca stock picking contest.
I expect it to have nice leverage to rising metals prices, they’ve done great work the last 2 years in putting money & work into optimizing their mines, have been nailing it on exploration work, and have the other mining complex on standby as an upside optionality kicker.
Ever Upward!
I’m on board the jag train too.
(USAS) (USA) Americas Silver Provides Updates on the Pershing Gold Transaction and the San Felipe Property Option
by @businesswire on January 2, 2019
“Both ISS and Glass Lewis support the Transaction,” said Darren Blasutti, President and Chief Executive Officer of Americas Silver. “These independent recommendations further support our belief that the Transaction is in the best interests of our collective shareholders.”
> San Felipe Property Update
“The Company has agreed to terms with Minera Hochschild Mexico S.A. de C.V. to extend the timing of payments under its option agreement on the San Felipe silver‐zinc‐lead project”
Sold 4.3 K -SILV $2.97
Gold going for $1307…..maybe………not far from it…….
I think you’re exactly right, Jerry. 1307-1308 will probably cause it at least a little trouble, but not for long…
http://schrts.co/jx2qA3
That has been a battle zone for the last few yrs…..or at least it seem years…..
Hoping this year it sticks……and goes higher……..
I am getting sick of talking politics…….lol
Weeks ago, I said it would be a big deal when gold takes back the 600 and 200/233 week MAs and it has been. Those who thought it was going to drop back to 1200 after weekly closes above those MAs didn’t know what they were looking at.
The weekly chart looks so good that the overbought daily chart readings could persist for longer than most expect.
http://schrts.co/aF6mXJ
Bob Hoye is obviously right, the miners are the place to be, not the metals.
http://news.goldseek.com/radio/1546527600.php
Agreed. The miners are starting to play catch up, and on any mild increases in the underlying metals, the miners of the metals, with improving economic margins, are set to move with more torque and will outperform.
Precious Metals Are Overbought….And That’s Not A Bad Thing
by @Goldfinger on January 3, 2019
“Gold and silver are on an impressive run higher since mid-November; gold is up around $100 an ounce (~8%) and silver is up nearly $2 (~13%). Silver is up 7 consecutive trading sessions and gold has risen in 10 of the last 12 trading sessions – the run has been strong enough that one could consider both precious metals to be ‘overbought’ using standard technical indicators such as RSI (at top of charts below) and MFI (at bottom of charts below)….”
https://ceo.ca/@goldfinger/precious-metals-are-overboughtand-thats-not-a-bad-thing
Gold Bursts Above $1,300 as Slowdown Tremors Spur New Year Rally
January 3, 2019 – By Ranjeetha Pakiam , Marvin G Perez , and David Caleb Mutua
GOLD Takes Center Stage in a Fiat World
David Brady (03/01/2019)
https://www.sprottmoney.com/Blog/gold-takes-center-stage-in-a-fiat-world-david-brady-03-012019.html
Gold, Silver, & Oil: Riding The Big Waves
Captainewave – Jan 3, 2019
http://www.321gold.com/editorials/captainewave/captainewave010319.html
there is no link to this interview