Gold continues to move higher and yields keep on dropping
Chris Temple, Founder of The National Investor joins me to touch on the rising gold price. After a strong end to the week last week gold and the stocks are continuing to head higher. We also address the continued fall in yields and oil.
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The bears have completely lost their grip on the gold miners…
https://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=2&dy=0&id=p42202570390&a=577064562
The USD vs Gold chart is very friendly to gold right now (as well as big-picture)…
https://stockcharts.com/h-sc/ui?s=%24USD%3A%24GOLD&p=W&yr=5&mn=0&dy=0&id=p92632887342&a=613061187
Platinum up more than gold
Platinum has a lot less in common with gold than silver. In fact, even copper acts more like money than platinum does.
Platinum-copper-gold…
https://stockcharts.com/h-sc/ui?s=%24PLAT&p=W&yr=12&mn=0&dy=0&id=p12664620464
The yen looks decent but is overbought…
https://stockcharts.com/h-sc/ui?s=%24XJY&p=D&yr=1&mn=9&dy=15&id=p05227376364&a=607164963
Risk on………the govt does not have a handle on the money nor budget…..
Why did both parties “quietly” pass FASAB rule 56 that makes federal budgets secret?
FBI Failed to Document Four Clinton Witness Interviews. Barr Should Reopen Clinton Probe.
Let’s see some action……….other wise they are all in it together…….jmo
I think Sara does a great job……sad the congress is so screwed up….along with the groupies
Sara and a few of the others exposed the whole mess. Its hard to imagine an investigation started with no probable cause. Here’s another supposed wittness with a few sick issues.
Former key Mueller witness George Nader arrested on child pornography charges
Thanks for the info…….just a few sick issues….
The loonie is trying to get something going…
https://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=2&dy=0&id=p72870776624&a=637578371
CDN gold price is nearing the all time high price, maybe strengthening the cdn drops the price in cdn.
Maybe but I think its rise will be mostly due to USD weakness rather than CDN strength so gold just might hold-up pretty well.
That could have been clearer. CDN’s rise will be due to USD’s weakness rather than CDN strength.
Here’s one for you Auryn holders. You can see what halted its rise in April…
https://stockcharts.com/h-sc/ui?s=AUG.TO&p=W&yr=3&mn=3&dy=0&id=p38907204908&a=539107197
Fed’s Bullard. Rate cuts may be warranted soon
Seems like this caused a quick spike in gold/silver
Silver (SLV) looks good…
https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=2&dy=9&id=p76039471102&a=668642308
Gold has now exceeded its March high (chart won’t update until this evening)…
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=2&dy=9&id=p81008898495
It’s a good sign that GDXJ is beating GDX today. That didn’t happen on Friday.
https://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=1&mn=1&dy=0&id=p52490973081&a=649119805
Out of the couple dozen charts I’ve posted today, this one might be the most important. With two hours to go, SILJ already has greater volume than it has seen since 2016…
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=0&dy=0&id=p97154518433
That is a LOT OF VOLUME…………
(JAG) (JAGGF) Jaguar Mining Provides Operational and Corporate Updates; Completes Turmalina and Pilar Gold Mine Technical Report Filings under NI-43-101
by @newswire on 28 May 2019
“Total Mineral Reserve gold ounces increased 95% as at December 31, 2018 to 1.4 Mt at 5.05 g/t containing 228 koz, representing over four years of mine life based on a 50,000-ounce annual production rate.”
“Following exploration success at Orebody C-Central, the Company has prioritized and initiated development in this area to provide a third mining area and additional flexibility. Orebody C-Central is expected to contribute development ore in the second half of 2019 with first stoping ore expected in
Q4 2019. ”
That info above was just for Jaguar’s Turmalina mine. I felt it was worth it to clarify that as they plan on producing 50,000 gold ounces there, but also about 50K from Pilar as well.
Here is the updated comments on the 2nd mine – Pilar:
“Exploration success at Pilar increased Mineral Reserve contained gold ounces by 69% as at December 31, 2018, including Proven Mineral Reserves of 1.2 Mt at 3.79 g/t containing 143,000 ounces, and Probable Mineral Reserves of 0.6 Mt at 3.47 g/t containing 68,000 ounces. This represents more than four years of mine life at 50,000-ounce annual production. (Refer to the Press Release dated March 1, 2019 for more information on Mineral Reserves and Mineral Resources.)
Development and exploration in 2019 include the BA, Torre, and SW orebodies and potential open pit sources, which are being targeted to increase mine flexibility and production capability.
Operational issues experienced in early 2019, with excess dilution in a large stope, and fan drill production have been resolved. A new fan drill was delivered in February 2019 and drilled inventory has recovered to target levels.
An underground maintenance shop will be completed in Q2 2019 to ensure improved equipment availability with faster maintenance response time and avoid tramming slow moving equipment to surface.”
Here are…. (not — here is….)
Well this is how you get a gap filled:
https://www.alexcoresource.com/site/assets/files/4291/2019-06-03_nr_axr_y7hj3hg3.pdf
Trump to front-line. Andy have you heard about this one??
Man on the Moon reference?🧐
So much for that daily chart cloud resistance…
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=3&dy=22&id=p76838257811
More importantly, how about that weekly chart cloud support?
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=3&mn=7&dy=0&id=p30421242917
10-4
AG is up 18% in 5 days…
https://stockcharts.com/h-sc/ui?s=AG&p=D&yr=1&mn=3&dy=0&id=p7151263651c&a=578542926
Silver tagged important speed line resistance today…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=0&dy=9&id=p59077407009&a=640702014
Silver has important moving average resistance just above the current level…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=0&mn=8&dy=0&id=p06139172597&a=647228156
Chris is right, gold has a lot going for it. It’s hard to make it any simpler than that.
Like I said over a week ago…
On May 22, 2019 at 3:54 pm,
Matthew says:
If there’s a sector that can erase technical damage quickly it is that of the gold miners. Conventional stocks are very different because they tend to fall apart for reasons that are much more complicated than falling prospects due to a falling gold price.
In addition, the action since 2016 still looks like a bullish consolidation and the implications of that huge impulse leg have not been negated.