A generalist’s view on the selloff in commodities, especially the precious metals
Dana Lyons, Fund Manager joins me to share his thoughts on the selloff in commodities this month. I found Dana’s comments and investing strategy very interesting especially when it comes to gold.
Click here for his subscriber site where you get more specific trading advice.
Sorry, Vizsla’s bought deal is a bit old news-wise, but did not hit the wires…(or I missed it) But implies their development is serious and FUNDED to start with.
VIZSF
(VZLA-TSX-V)
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, BC, June 3, 2021 /CNW/ – Vizsla Silver Corp. (TSXV: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) (“Vizsla” or the “Company”) is pleased to announce that it has completed its previously announced bought deal prospectus offering of 27,600,000 units of the Company (the “Units”) at a price of C$2.50 per Unit for aggregate gross proceeds of C$69,000,000, which includes the exercise in full of the underwriter’s over-allotment option for 3,600,000 Units (the “Public Offering”).
https://www.youtube.com/watch?v=TcH3veJdCw4
discovery looking good to me.
Dana buying GLD makes me ponder. That daily gap and the overall chart looks cooked. Even the industrial metals look real bad.
I’m wondering how the general market is going another leg higher, like Dana says.
Next week looks like fireworks to me. The general markets should get hit.
Commodities and PMs look seriously sick.
Dana has called for higher highs in the general markets, and has been correct all the time. I just can’t see it on the charts.
Balzie as it gets buying GLD today. Tip of the hat if it works.
There’s more downside with gold guys. I think bleeding will continue until Tuesday/Wednesday. Like Matthew predicted in his charts, Gold will put a bottom around $1730. I also see a possibility of undercut going down $1700.
I still see people getting itchy to buy but there’s more sharp correction in GDX.
GL
PM Price Quality : https://tinyurl.com/4nnha2vd
Heaviest Saturation in the history of this method!
https://youtu.be/wLm3o9nk4s4?t=61
Visla raises $ 70 mil !