Dana Lyons – Technical Analysis On Markets, Commodities and Bitcoin
Dana Lyons, Fund Manager and Editor of The Lyons Share Pro joins us to discuss the overall health of the market, highlighting strong participation from small and mid-cap stocks. Dana delves into the performance of various sectors, noting the strength of defensive sectors such as utilities and consumer staples, as well as cyclical sectors like financials and industrials. He also touches on the commodities markets, which are lacking strong uptrends, outside of Uranium. Additionally, Dana shares his thoughts on the crypto market, particularly Bitcoin’s performance.
Gold has had a good run that is not over yet, but Silver, LOL! Katie Bar the Door. It will leave even the nutty silver bugs standing with their mouths wide open! DT 🤣😉
So it’s going down to $5 an ounce then…………. Poor silver , never gets a break.
Hi IT, I’m not sure what you meant but I meant silver will go so high so fast that it will even leave the believers in awe. DT
Kootenay(KTN) is a silver explorer in Mexico did a reverse split some time ago, now with 60M shares and a $1.05/share price.
This came out today, Eloro Resources $3.00 target Haywood Securities. DT
https://clients.haywood.com/uploadfiles/secured_reports/ELONov272024.pdf
News release yesterday, Eloro Resources! DT
Dr. Bill Pearson talks about yesterday’s news release from Eloro Resources. DT
https://www.tradingview.com/x/M6K6SufB/
NatGas : Bearish Gartley Complete?
Hey BDC, this is the weather site I started using, this link defaults to New York City as that seems to be a bit of a catalyst for the price of Nat Gas. Toronto area and north could have a lake effect snowfall coming this weekend but most weather is good for now but definitely cooling.
https://www.accuweather.com/en/us/new-york/10021/weather-forecast/349727?city=new%20york
Thanks Dan! This is another source (Bismarck ND):
https://www.wunderground.com/forecast/us/nd/bismarck/46.81,-100.78
Note the difference between that one and this (Denver):
https://www.wunderground.com/forecast/us/co/denver/39.74,-104.98
Another source for the continental U.S. (does not always work):
https://www.celsiusenergy.net/p/weather-data.html
That one is very technical for a more intricate display, I will use both for now.
Of course, weather plays a significant role in NatGas pricing, and in the past was primary. However, LNG production for export is an increasingly important factor. I stick to charts for the most part, and coming into the winter season (warmer or colder) should be a plus.
The latest: https://www.tradingview.com/x/vqFnfvjh/.
https://www.tradingview.com/x/NjjWNNiO/
Current Silver : On The Edge
I have been buying a lot of Eloro Resources, (ELO-TSX) they are listed on the TSX, the senior exchange with about 84 million shares outstanding. Eloro has a huge resource that is now undergoing infill drilling, Eloro will become a mine. Eloro is in the Potosi Department of southwestern Bolivia which is a great jurisdiction. It is primarily a silver deposit with zinc, lead, and tin credits.
If you look at Sitka Gold Corp. (SIG-TSX-V) they are a hot gold explorer in The Yukon, also a friendly mining environment. But the Yukon has a lot of infrastructure problems, and the winter is just one of them. They are just starting out and they have 322 million shares. If they do a rollback of 4 to1 they will have 82 million shares. That would give them now a share price of $1.60 CDN verses Eloro at $1.05. This is very rudimentary Due Diligence, but I would take Eloro Resources any day over Sitka Gold. DT 🤣