Closing comments for the week on gold from Big Al and Trader Rog
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Hi Jed,
I agree,
Big Al
I appreciate your indifference. Most of the charts I watch have RSIs in the 50s that make it difficult to commit one way or the other; cash or shares. With your confirmation I am somewhat cashed up for mid next week.
Thanks for great work there at Kereport. Listening for a few years now.
Dan
Thanks Dan,
Keep your comments coming.
You live in a great city (not kidding) with the best barbecue spot in the world. (Right across from the Hyatt)
Big Al
Al
I compare the Banff and Kananaskis mountain recreation areas close by to the
Grand Canyon and I get peace by looking at the spectacular 90 degrees of horizon rippled by the great Rocky Mountain Range from NW Calgary and the beginnings of the Great Plains on the east side.
Dan
Sorry Al, I thought you said you went to church on Sunday. Sabbath is Saturday.
the seventh day for business, IRS, and reading the calandar left to right is Saturday.
I think the business week ending and attending church are different days.
Marc,
AS requested TA on Canada Zinc:
CZX.V – Canada Zinc Metals Corp (TSXv)
Date Open High Low Last Change Volume % Change
02/24/12 0.5300 0.5300 0.5200 0.5300 +0.0100 16100 +1.92%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Sell
10 – 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 – 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 40% – Buy
20-Day Average Volume – 38725
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 – 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 75% – Buy
50-Day Average Volume – 29300
Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 – 100 Day MACD Oscillator Buy
Long Term Indicators Average: 67% – Buy
100-Day Average Volume – 51519
Overall Average: 64% – Buy
Price Support Pivot Point Resistance
0.5300 0.5167 0.5267 0.5367
Marc,
Here’s the TA on Altair
AVX.V – Altair Ventures Incorporated (TSXv)
Date Open High Low Last Change Volume % Change
02/24/12 0.2250 0.2250 0.1900 0.1950 -0.0250 120666 -11.36%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 – 8 Day Moving Average Hilo Channel Sell
20 Day Moving Average vs Price Sell
20 – 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: – Hold
20-Day Average Volume – 45217
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 – 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 75% – Buy
50-Day Average Volume – 99461
Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 – 100 Day MACD Oscillator Buy
Long Term Indicators Average: 67% – Buy
100-Day Average Volume – 100120
Overall Average: 48% – Buy
Price Support Pivot Point Resistance
0.1950 0.1683 0.2033 0.2383
Warning: it did show a sell signal right after a jump a week or so ago.
I have not had time to analyze why….probably volume reversal, if I had to guess.
Marc,
Insider action for Canada Zinc
Latest 10 SEDI filings (by transaction date) for CZX within the last 6 months [?]
As of 11:59pm ET February 23rd, 2012
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Unit
Price
Dec 19/11 Dec 16/11 Varshney, Hari Direct Ownership Common Shares 10 – Acquisition in the public market 2,000 $0.500
Dec 19/11 Dec 14/11 Varshney, Hari Direct Ownership Common Shares 10 – Acquisition in the public market 1,000 $0.510
Dec 13/11 Dec 13/11 Varshney, Hari Direct Ownership Common Shares 10 – Acquisition in the public market 2,000 $0.530
Dec 13/11 Dec 13/11 Varshney, Hari Direct Ownership Common Shares 10 – Acquisition in the public market 4,000 $0.520
Dec 13/11 Dec 12/11 Varshney, Hari Direct Ownership Common Shares 10 – Acquisition in the public market 2,000 $0.550
Nov 23/11 Nov 21/11 Varshney, Peeyush Direct Ownership Common Shares 10 – Acquisition in the public market 2,000 $0.495
Nov 23/11 Nov 21/11 Varshney, Peeyush Direct Ownership Common Shares 10 – Acquisition in the public market 10,000 $0.480
Nov 21/11 Nov 18/11 Varshney, Hari Direct Ownership Common Shares 10 – Acquisition in the public market 5,000 $0.495
Nov 16/11 Nov 16/11 Varshney, Hari Direct Ownership Common Shares 10 – Acquisition in the public market 2,500 $0.530
Nov 16/11 Nov 15/11 Varshney, Hari Direct Ownership Common Shares 10 – Acquisition in the public market 2,500 $0.540
Lots of insider buying – good sign!
Hey thanks, CFS-
Just throwing ideas out there for ALL to chew on…in the interest of helping each other out…At the CRIC in Palm Springs – John Kaiser, from the ‘bottom fishing report” likes high value plays at the time of just ABOUT to START production. One of those is the copper/gold play GEOLOGIX Resources (GXEXF). Analysis show among other things, very, very high volume and momentum coming from BETTER than expected assay results.
All the best,
Marc
Full disclosure: I have not purchased yet, buy might next week…still following analyzing.
Thanks
Additionally, everybody-
If I come up with plays which I list here…its ONLY in the interest of this forum/blog. I AM NOT a consultant or have any other PRIOR commits to any of these companies. As I have told all fellows bloggers in the past, I am simply in the third phase of my investment criteria. PHASE 1, Bullion accumulation, Finished: PHASE 2, Index investing, pretty simple and easy. BTW, Canada has a brother to GDXJ in the US, it is ZJG (canadian junior etf) and finally, PHASE 3, junior resource investing to increase leverage in the marketplace! Hence, full time devotion to company research. I have a hell of A LOT to learn from you guys.
Continued success and all the VERY best,
Marc
No problem with throwing out ideas, asking for information.
I try to only give out facts, not opinions, but get carried away at times; especially if democrats pull my string. I’ved too long on University campuses where supposedly most intelligent people have negligible knowledge in investing and even less commonsense.
Gook luck with your purchases.
Marc,
Altair is too new a company to have data on SEDI.
Folks, I was going to post information on how to apply trend analysis and also on volume reversal analysis, but the signal level with Sandy around does not make me inclined to post further.
Re: Oil, the commodity, not necessarily stocks.
My d/dt analysis is indicating a sell signal coming up. Can’t say exactly when yet, but I would guestimate middle of next week.
Just wanted to give y’all the heads up before I leave the site.
CFS, Changing For Satisfaction.
Cruising Foreign Sites,
Cursing Freedoms Stripped
I’ll peak back in in a couple of weeks to Check For Signal-to-noise.
Marc, I own GIX.
Has not been well-managed, but has great land potential. Concentration levels a bit low, but as prices for commodities rise the potential also rises.
CFS,
In the interest of your sanity, I can understand your concerns. However, I cut out the political noise because as the youngest of six children with a dependent mom to look after, and being the most able-bodied for investment analysis, I find it IMPERATIVE to block out the intense POLITICAL dissertations entering this blog. WE are all in this together and maintaining one’s focus and deciphering which battles to enter is the only way I will survive.
All the best to you AND
see you in two weeks.
Marc
Hope you reconsider – you are a fine gentleman! That is just a hunch! 🙂
MARC………..I agree with you. CFS we need you here.
cfs….I am sure you have herard the quote…….
..”.ILLEGITIMUS NON CARBORUNDUM”….
””’DON’T LET THE BASTARDS GRIND YOU DOWN”…..GENERAL JOSEPH STILLWELL…1943
Kaiser is one of the most knowledgeable cookies in the business.
I actually got to sit down with John Kaiser for a while and talk…yep, really smart guy.
my friends and i invested in Sodastream company [SODA] they make a countertop soda pop maker. including the syrups and tea concentrates. great for familys that use sodas . We are well ahead , but this is not forever stock. if it approchas 50 i will sell. I looked at pepsi and coke and COT , but found the story at soda stream better. i already have lots of oil and silver stocks . good health to all S
Scott,
great job! and…..
all the best,
BTW, any graphite, uranium or zinc/base metals stock you favor?
Marc
Bloggers,
Ok, I am going to throw out one: MDMN, Let me know what you think.
Very first glance,
Assets in ground – yes!, management expertise, No se…..very, very beginning exploration co with potential upside in 2 to 4 years! I am wrong….I dont know, but first observation on Medinah
All the best,
Marc
Marc, thanks we had a nice pop from .03 to .14 after the shareholders meeting announcing a JV deal getting ready to be inked. Some expect a pop when the public announcement happens.
Don Coxe was most interesting today, just back from Indaba, the foremost African commodities conference. He discussed how printing in the US, the ECB and now Japan is going to have a positive effect on stocks. He discussed the effect of China loosening plus its long-term investments in Africa combined with the widening of the Panama canal will depress the price of iron ore. then discussed the conference coming up this weekend in Fort Lauderdale and the many small companies.
The stuff that dreams are made of!
And Don Cox suggested the quote from Prospero’s speech in the Tempest was incorrectly” made on” instead of “made of”. Not in My copy of The Tempest, Don!.
Later in the same speech….
“Sir I’m vex’d; Bear with my weakness; My old brain is troubled.”
This is the first time I’ve seen a mistake from Don Coxe.
Anyway he went on to talk about the keynote speaker on Monday as a dreamer that has had two home-runs so far. Robert Friedland.
I, too, look forward to hearing him speak on Monday.
CFS, Came From Shakespeare.
CFS,
Back in the game?! All right!!! Look forward to your insights regarding Monday’s speaking engagement – I am trying to get registered for the IU Conference at the Grand Del Mar in San Diego – Go..Azzztecss!- on March 21 to 24th….scheduled to speak will be Eric Sprott, Frank Holmes and Rick Rule among others.
Marc
I either reading a bad tick, or WTI oil just dropped $7 a barrel in the last hour??
Nope, bad tick. Darn.
I’m still showing WTI $109.62 No Drop.
Re MDMN: This not a new company, goes back at least 10 years.
I don’t like the number of shares outstanding, 712cmillion, typical of a company whose management is using it as a milk-cow for themselves. (Could be wrong, I don’t know the insiders) Volume is a bit spikey. T.A. is good.
MDMN – Medinah Minerals Inc (OTCPK
Date Open High Low Last Change Volume % Change
02/24/12 0.1420 0.1625 0.1420 0.1600 +0.0051 2566000 +3.29%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 – 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 – 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% – Buy
20-Day Average Volume – 4778710
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 – 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% – Buy
50-Day Average Volume – 3968902
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 – 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% – Buy
100-Day Average Volume – 3018758
Overall Average: 72% – Buy
Price Support Pivot Point Resistance
0.1600 0.1343 0.1548 0.1753
If you look at the price chart over the last decade, you see a spike due to paid-for hype.
Hype came from report issued:
http://globalequityreporter.com/memberslogin.html
Free if you’re willing to give up your email address.
Check report archives June 15, 2011.
OverTheCounter Insider report:
Insider: All Insiders CHAPIN, GREGORY A. GERRARD, ROBIN AKA ROBIN REGIS REGIS, LARRY REGIS, LARRY & ROBIN REGIS, ROBIN GERRARD Transaction: All Types All Buys All Buys (exclude derivatives) All Sells All Sells (exclude derivatives) Acquisition (Non Open Market) Automatic Buy Automatic Sell Buy Disposition (Non Open Market) Dividend Reinvestment Gift Initial Ownership Statement (Form 3) Option Execute Private Buy Private Placement Private Sell Proposed Sale (Form 144) Sell
Date Insider: Shares Transaction Value
10/27/11 REGIS, ROBIN GERRARD,
250,000 Proposed Sale (Form 144) N/A
10/27/11 REGIS, ROBIN GERRARD,
250,000 Proposed Sale (Form 144) N/A
7/26/11 REGIS, ROBIN GERRARD,
Officer 350,000 Proposed Sale (Form 144) N/A
4/21/11 REGIS, ROBIN GERRARD,
450,000 Proposed Sale (Form 144) N/A
4/6/11 REGIS, ROBIN GERRARD,
250,000 Proposed Sale (Form 144) N/A
1/13/11 CHAPIN, GREGORY A.,
Director 2,275,000 Proposed Sale (Form 144) N/A
1/1/11 REGIS, ROBIN GERRARD,
5,000,000 Proposed Sale (Form 144) N/A
12/12/10 REGIS, ROBIN GERRARD,
650,000 Proposed Sale (Form 144) N/A
8/1/10 REGIS, LARRY & ROBIN,
Officer 500,000 Proposed Sale (Form 144) N/A
5/1/10 GERRARD, ROBIN AKA ROBIN REGIS,
Officer 500,000 Proposed Sale (Form 144) N/A
4/29/10 GERRARD, ROBIN AKA ROBIN REGIS,
Officer 24,852 Proposed Sale (Form 144) N/A
1/1/10 REGIS, LARRY,
Director 500,000 Proposed Sale (Form 144) N/A
Could not find audited financials!
Company website:
http://www.medinah-minerals.com/
Company registered in Las Vegas.
Nothing found on canadian websites of relevance, just hype on blogs.
Company claims to be purchasing exploration site in Chile. (February 10, 2012)
Seems to be new ownership!!
Remember what this comment cost you, in evaluating worth. I would rather put money on a roulette wheel in Lost Wages than on this company.
In my opinion, we are building quite a base for Gold.