Gold Stocks vs S&P and comments on investing in Uranium Stocks

correction: not a “bear market,” but rather a “bearish consolidation” of the 2016 surge.

@nasdaq – Brixton Metals Drills 13.9m of 435 g/t Ag, 0.96 g/t Au in Hole #1 and 7.7m of 492 g/t Ag, 2.1 g/t Au in Hole #3 at its Hog Heaven Project $BBB $BBBXF #news/mining 10 from #newsroom, 14 Jul 2020, 07:00

@triggerinside To me, the holes looks very solid, broadly mineralized from surface with very high grade sweetener zones. I like the three holes released so far!
– 7 14 Jul 2020, 07:19

@Nordico Great results! Looks promising
-7 14 Jul 2020, 07:25

@Pazzy Good results indeed!
– 14 Jul 2020, 07:27

@theJuniorExplorer nice results
– 14 Jul 2020, 07:34

@raptors87 Surprised that it going down on these good drill results 3 14 Jul 2020

@RocksOn1111 These are good results! Let the sellers get out I wanted a bigger position anyways.
– 14 Jul 2020, 09:26

@Pazzy same – it is a good opportunity to add.
– 14 July 2020, 10:37

@drezinho – Shallower oxides with higher grade is good. Not perfectly distributed gold but not smeared either.
– 14 Jul 2020, 11:23

@drezinho Generally about 1gpt+ AuEq over long intervals.
-14 Jul 2020, 11:25

@eixlberger Nice results for open pit mine !! HH-1 from 1,83-153,92..152m 88gr. Ag incl. 59m a 6 Oz.Ag !!!
HH-3 from 2,13-145,90 ….143m 77gr.Ag + Au!!
bulk tonnage project!!
drilling,drilling,drilling…..
– 14 Jul 2020, 14:56

@eixlberger HH-01 is 100m from HH-02 to the nort,
HH-03 100m N-NW from HH-02….next hole HH-4 (ca.400-450m from HH-2) will show how far the mineralization is to the north,and hole HH-5 and HH-7 the mineralisation in the wide!
– 14 Jul 2020, 15:27

http://cdn.ceo.ca/1fgs499-Fig-1-July-7.jpg

They are complimentary factors, but the drill results are bringing in new buyers to the BBB story, and into many of the drill plays across the board. That is why there is buying showing up that translates to volume and closing prices on the charts in the first place. If they were putting out dusters in this rising metals prices environment, like other companies have done recently, then their share prices would have have tanked regardless of the preceding technical set up. That much is also clear.

Yes Matthew buying begets buying, and they have some resources at Hog Heaven that are getting rated higher with the rising metals prices, but they also put out holes from Langis/Hudson bay earlier this year, and in 2016, they didn’t have any significant ounces (and didn’t even own Hog Heaven until 2017) so what moved them higher was the news of acquiring Langis/Hudson Bay then, as it sure as hell wasn’t the work at Thorn that propelled them so much higher back then on that epic run (where they crushed many Silver companies with superior ounces in the ground that should have been rated up even higher based on your flawed logic). No it isn’t just about ounces in the ground getting rated higher when stocks go on moves like that from widely followed news.

No Matthew, that statement is not nonsense, and my experience proves it as much as your experience. You aren’t the only one that’s had success investing in mining stocks, and the vast majority of resource investors in Jr drill plays are following the news, not just pouring over the technical charts.

“If they were putting out dusters in this rising metals prices environment, like other companies have done recently, then their share prices would have have tanked regardless of the preceding technical set up.” Bingo!

If they had put out shitty drill results, it would have swamped the technical set up, but we knew they weren’t going to as they were drilling into known historic mineralization to showcase to the marketplace what they have at Hog Heaven as per Gary’s own words. If they were truly doing blind greenfields discovery and hit drill holes like that then they’d have had moves more like what we’ve seen at Vizsla resources lately.

Again, Vizsla is a great example of how the drill holes on June 24th and last week completely spiked the valuation up hundreds of percent, and it was on the drill news, and not predicted in the technicals no matter how much you’d blather on that they were. The drill news is what moved VZLA and then from here, now TA will take back over with those closing prices on the charts to recalibrate. This true of dozens of other drill plays that suddenly shoot up out of nowhere on the charts, due to epic drill holes, or crashes in companies share price out of nowhere when they put out bad drill holes. This is common sense, and you desire to constantly turn a blind eye to the newsflow in Jr miners is as startlingly myopic as it is wrong. Yes, the technical set up and charts matter, but so does substantive fundamental news.

OK Matthew. So once again, you are the judge of how markets work, and yet I don’t understand where the demand is coming from in the market = drill news. What a hilarious and condescending opinion for you to hold, but it’s a free country and can think whatever you want.

You don’t have all the answers or the only clear understanding of what makes a market Matthew. The closing prices on any chart merely reflect the prices of those investors that felt compelled to buy it (mostly for fundamental reasons). Especially in the Jr exploration plays, investors are piling into discovery stores for their newsflow and fundamental data, and that IS what is moving the markets. On more established producers, the quarterly operations reports, guidance, acquisitions, revenues & cashflows & balance sheet come into play by every analyst that follows them, but individual news stories have less weight in a larger company like that, so TA is more applicable. Some of the drill plays in contrast hardly have any volume at all until they hit paydirt, and then folks come flooding in.

Again, look at what just played out in Vizsla last week. That was the freaking market and it was 100% based on drilling news, and a move that extreme was not predicted by any technical analysis, no matter how you may twist you mind to think so.

Well somewhere within all those posts I’ll slip in my thank you to the both of you for input. I wasn’t disappointed that it didn’t pop on the news I was just concerned with what to me looked like weakness but as the day wore on it looks more like .34 is the consolidation point perhaps. Time will tell