Where does fear stand in the markets?
The Gold and Oil Guy, Chris Vermeulen and I have been covering the short terms moves in the crude oil price a lot recently. The turns continue to come at times we outline so we continue with this discussion. We also look at the USD and general fear in the markets. Chris argues that in certain sectors fear remains.
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Oil managed to close above the 200 day MA today — by one cent:
http://stockcharts.com/h-sc/ui?s=%24WTIC&p=D&yr=1&mn=0&dy=13&id=p75000820481&a=511983262
off topic….politics:
This should bring down Merkel…..
https://archive.fo/aEywo
you will need google translation.
Osisko Mining drills 8.4 m of 97.4 g/t Au at Windfall
2017-05-30 08:13 ET – News Release
Mr. John Burzynski reports
OSISKO INTERSECTS 97.4 G/T AU OVER 8.4 METRES AT WINDFALL
Avino Silver files Avino technical report on SEDAR
2017-05-29 08:02 ET
Mr. David Wolfin reports
Avino Silver & Gold Mines Ltd. has filed the completed “Technical Report on the Avino Property, Durango, Mexico,” on the company’s profile on SEDAR, with the effective date of April 11, 2017, pursuant to Avino’s news release dated the same day. The technical report, pertaining to the preliminary economic assessment (PEA) of retreating the Avino mine tailings, includes the results from the company’s recent 2016 resource estimate (see news release dated Sept. 26, 2016). The PEA was prepared in accordance with National Instrument 43-101 by Tetra Tech Canada Inc.
Highlights of the oxide tailings preliminary economic assessment
Significant pretax net present value at an 9-per-cent discount (NPV8) of $40.5-million (U.S.);
Attractive pretax internal rate of return of 48.4 per cent.
ira epstein metals:
https://youtu.be/oiDN2JcAZ8s?t=33
scorpio reports fin results: https://seekingalpha.com/pr/16847157-scorpio-gold-reports-financial-results-first-quarter-2017 now will it finally take off??? it’s been dead for a long time!
Until there’s a catalyst (permitting, drill program, etc), I would not expect Scorpio to move much unless the whole sector turns up.
http://stockcharts.com/h-sc/ui?s=SGN.V&p=W&yr=2&mn=7&dy=11&id=p41283225210&a=519384358
and here is the website: http://www.scorpiogold.com/s/news.asp?ReportID=791022
Hi dw jones (good to see you posting again).
I got a message from a friend today with an update on the work that Scorpio Gold is doing on evaluating the processing of the old Tailings material:
@MadeOfRubber – “Excelsior and Onlyflaws, I heard back from the CEO this morning, he was apparently on vacation and apologized for the delay.
He said: “The samples for the heap leach pad drilling were submitted to Kappes Cassiday for metallurgical testing and we expect to get preliminary results by the 3rd week in June and will update the market shortly thereafter.” (SGN) Scorpio Gold.
http://www.zerohedge.com/news/2017-05-30/gold-backed-currency-launches-dubai