Updates on Gold and GDX, plus just how likely is a major US market crash next month?
Doc joins me today to share his trading strategy for gold and gold stocks through the end of the year. Still treating this as an early stage bull market it is important to still time your buys and be selective. We also look at the US equity markets and address some of the comments that have been made regarding October being a horrible month for US markets.
BB, I own only a very small position in OR. However, there is coming up a very nice chance to increase my position considerably.
Thanks, Doc. I wonder if the Barkerville shareholders will vote to accept OR’s bid?
Doc – Shall I hold on to OR?
Sam, see my response to BB. I believe there is more pain ahead for OR but since I own only a small position I personally am not going to sell but will add when I feel the stock has bottomed. Commensurately, I own a larger position in Barkerville which they bought out recently.
Matt Geiger – Gold and Silver Bull Market Still Has Lots of Room Left to Run
PalisadeRadio on 26 Sep 2019 #AudioInterview
https://ceo.ca/@palisaderadio/matt-geiger-gold-silver-bull-market-still-has-lots-of-room-left-to-run
Doc, what do you think a good price would be to buy more of Klondike (KDKGF) or Great Bear (GTBDF)?
Pardu, it appears Klondike is starting the bottoming process but most likely has a good chance over the next few weeks to get back down to the 10-13 cents area. The odds are good that Great Bear pulls back to about 5 in the near term. When it gets to the low 5s, I could then get a better handle of where it goes next.
buy bitcoin at current prices with stop loss under 7800 new ATH approaches
The fed nationalized ?
Say it ain’t so!
https://www.zerohedge.com/markets/nationalizing-federal-funds-market
(MKO) (MAKOF) Mako Mining Corp Infill Drilling at San Albino Expands High-Grade Zone, Highlighted by Intercept of 50.78 g/t Gold Over 5.1 Meters, Including 173.3 g/t Gold Over 1.0 Meter
September 26, 2019
Bought the pivot support on AXU THIS MORNING @ $1.77 US
Yesterday’s high for UUP (USD ETF) happened precisely at a pivot.
https://stockcharts.com/h-sc/ui?s=UUP&p=D&yr=1&mn=0&dy=0&id=p91133069408
Gold is testing an important pivot for the 9th time this month and threatens to activate a H&S top that points to sub-1420 (which I doubt would be reached).
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=0&id=p44235089084&a=690290530
Doc, do you own any OR? I had to buy more yesterday after the plunge after it bid to buy Barkerville Gold. I think this will be a great purchase when the mine opens in 2022 and gold is @3K or more then. I almost bought more MO but bought OR instead.