A detailed chat on gold, gold stocks and what will drive the sector
LPG joins me to wrap up the markets today. We focus on the gold market and gold stocks. There is a difference between watching a gold equity ETF and individual stocks. The major considerations is what will be the main drivers for gold into next year.
Click download link to listen on this device: Download Show
I posted this yesterday, but worth repeating:
OSISKO MINING INTERSECTS 71.4 G/T AU OVER 5.4 METRES AT WINDFALL
And for the other Osisko:
Osisko Gold Royalties Ltd. has entered into a binding purchase agreement with 2176423 Ontario Ltd., a company controlled by Eric S. Sprott, whereby Osisko has agreed to acquire ownership from 2176423 Ontario of an aggregate of 55,281,643 common shares in the capital of Barkerville Gold Mines Ltd. at a purchase price of 50.9 cents per share for an aggregate price of $28,138,356.29. Barkerville is located at 1111 Melville St., 11th floor, Vancouver, B.C., V6E 3V6.
Evelyn Farkas is a smoking gun at state.
Obama clearly spied on Trump.
Obama needs to be held accountable……..
Correction:
Farkas was at Defense Dept; the spying information came to her from State Dept.
There was wide dissemination of intelligence under Obama.
Watergate is totally trivial compared to the action of the traitor,Obama.
ditto on watergate…..and traitor Oshamey
they are going to find out….obama never had an american birth certificate……
LPG ! Marine no win Europe’s White will wake up .
oops……….
I think, in criminal terms, this could be described as a conspiracy, inasmuch as she says “her colleagues were also trying to get the information to the Hill”
Evelyn Farkas clearly did not understand what she was admitting to.
Farkas resigned from Defense Dept. in late 2015 to become foreign policy advisor to Hillary Clinton.
Meanwhile south of the border:
Hannity picked it up… Hannity: Trump may be vindicated over wiretapping claims
Mar. 29, 2017 – 4:33 – MSNBC interview with former Obama administration staffer is enlightening
http://video.foxnews.com/v/5378450061001/?playlist_id=930909813001#sp=show-clips
Circa News: Obama administration ‘unraveled’ privacy rights
Mar. 29, 2017 – 7:52 – Journalists discuss their new report, possible surveillance of Trump transition team on ‘Hannity’
http://video.foxnews.com/v/5378450075001/?playlist_id=930909813001#sp=show-clips/all-shows
GLd:$xjy ratio daily chart–there is a big head and shoulders formation and the plunge toward the neckline is imminent.
SAN SALVADOR, El Salvador (AP) — El Salvador’s congress has approved a total ban on the mining of metals in the country, one of the first to enact such a broad ban.
Environmentalists have noted that some other countries have enacted bans on strip mining, open-pit or heap-leaching techniques. But the bill passed Wednesday in El Salvador would not allow any underground, above-ground or artisanal mining for metals. That includes exploration, extraction or processing ore with techniques that often involve cyanide or mercury.
I’m surprised there is no talk about the base metals, uranium and commodities in general. It looks like these sectors are about to get a nice bid!
+1
Ex,
Checkout the URRE chart. It’s about to get a nice pop.
( as many others are too, me thinks )
Most of the Uranium stocks have been on the move this week after the positive news from Japan where their federal government lifted the injunction on restarting a few reactors.
Technically they were poised for a pop as well.
Here’s another court overturning yet another plant that activists tried to stall.
That’s good news for the Uranium sector of course.
District court rejects request to temporarily halt Ikata nuke plant
By YUKI KUBOTA/ Staff Writer
March 30, 2017
* FINALLY!
(AXU) (AXR) Alexco and (SLW) Silver Wheaton Amend Silver Purchase Agreement and Alexco Announces Positive Preliminary Economic Assessment for Expanded Silver Production at Keno Hill
March 29, 2017 /CNW/
Alexco President and CEO, Clynton Nauman, commented, “The Amended SPA is an exceptional outcome for Alexco. Most importantly, it places the Keno Hill Silver District clearly on a path toward redevelopment and ultimately a production decision. Furthermore, we appreciate the endorsement of Silver Wheaton through its strategic shareholding in Alexco, an endorsement which we believe reflects confidence in a future of sustained silver production at Keno Hill as well as recognition of the proven exploration upside and highly prospective nature of the district.”
“We have long felt that Keno Hill is one of the most prospective silver districts in the world, and the success Alexco has had with Flame & Moth and, more recently, Bermingham confirms our view,” said Randy Smallwood, President and Chief Executive Officer of Silver Wheaton. “We believe that the amendments we have made today will be mutually beneficial to both Silver Wheaton and our partner Alexco and will result in silver once again being mined from Keno Hill.”
(AXU) (AXR) Alexco Reports Fourth Quarter and Year End 2016 Results
March 29, 2017 /CNW/
Alexco’s President and Chief Executive Officer Clynt Nauman said, “A lot was accomplished by Alexco in 2016, nothing more important than our exploration success at Bermingham along with raising additional capital, establishing the portal for our Flame & Moth underground access and commencing an updated Keno Hill Preliminary Economic Assessment subsequently completed in March 2017. With the March 29, 2017 announcement of a Silver Wheaton amended silver purchase agreement, Alexco launches into 2017 squarely focused on moving forward with additional surface exploration, underground exploration and development, mill upgrades, and preparation of a prefeasibility level study, all necessary steps on the way to a final production decision.”
2017 will be the year that Alexco gets things back on track and this new amended Silver Agreement with Silver Wheaton is a big score and what the market has been waiting for. Good stuff!
I’m amazed at your perseverance here, my friend, keep up your tireless effort and thanks for your good work.
Cheers!
5 day RSI and full stochastics for slv suggested today’s move down in silver. The question is whether it can regain the upward momentum in the next few days.
Admittedly, the weekly candles in gld and slv aren’t looking good for people hoping that they break out. There is still tomorrow, but I doubt gld will be able to close above 119.93, which means it will close black. GLD could run up for a few more weeks, but the black candle virtually guarantees that price is coming right back down to below this week’s close.
There is nothing scary about the weekly SLV chart:
http://stockcharts.com/h-sc/ui?s=SLV&p=W&yr=2&mn=9&dy=0&id=p15358701042
There’s nothing scary about the daily chart either.
Silver:
http://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=0&mn=11&dy=0&id=p98576750385&a=500462915
I am still long silver miners, and would admit a giant gap up in yen, slv and gld tomorrow would be fantastic. I just don’t see my fantasy being fulfilled.
GCC will hopefully hold its March low. If not, a retest of the 2016 low is in the cards and perhaps a touch of the lower monthly bollinger band at $17.99. If GCC tests that lower bollinger, the March low in the miners will surely be broken and the December low will also likely fall.
Gotta admit the Dow looks like it is ready to go lower for now. The key is its inability to break above the 10 day ema.
Scorpio Gold Commences Leach Pad Drilling at Mineral Ridge
drill it !!
The Canadian dollar is looking good good. Maybe it will finally get an uptrend going…
http://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=1&dy=11&id=p89111206160&a=501512774
It’s just catching up to everything else that trades inverse to the yen. We’ll see how she closes. I am not getting too excited.
GCC is breaking down on the weekly chart currently. There is little head and shoulders that projects to about $18.00, near the ’16 low if $19.00 is taken out. That also corresponds to the lower monthly bollinger band. I would expect some sort of bounce there maybe.
I don’t put any significance on the yen when it comes to the loonie and there’s nothing bearish about the weekly yen chart. I’m glad it came back to fill the big gap that it started the week with:
http://stockcharts.com/h-sc/ui?s=%24XJY&p=W&yr=3&mn=7&dy=0&id=p12740588091&a=453633914
The weekly silver chart also looks great and we are now getting the first weekly “golden cross” in almost 8 years.
http://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=2&mn=0&dy=13&id=p94928611104
GDXJ’s low for the week happened at the 55 week exponential moving average — to the penny:
http://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=7&mn=7&dy=0&id=p63231001565&a=510628527
Dow is now over the 10 day ema. We’ll see how it closes. Cycle theory says a new daily cycle should rally at least 5-8 days even if it is going to roll over. We are on day 3. Also, since the stock market has clearly been in a mega bull, the 5 day rsi should reach overbought before the cycle rolls over. But that is assuming the cycle rolls over.
I know at least one cyclist who is saying the USD has made its ICL and is set to rally for at least a month even if it is in a bear market.
Epstein Metals TA:
https://youtu.be/iYDFc7jP5nA?t=32