Options expiration day and comments on Novo’s presentation yesterday
The Junior Miner Junky, David Erfle, joins me today to discuss the pullback in gold and another jump in Novo’s share price. For gold this pullback was expected and seems to consistently happen on options expiration day. This also happens after political stories move the price the day before. As for Novo, Quinton presented at the Denver Gold Show yesterday with a live stream. It could not have gone better as the share price shot up and is holding those gains.
Click download link to listen on this device: Download Show
If you missed the presentation here it is…
Is Sandstorm about to branch out into diamonds?
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSSL-2509402&symbol=SSL®ion=C
They have some diamond exposure via Diavik….which is a pretty big cash flow contributor sandstorm. Tsodillo I think this is the company which had a huge land package….
I find it interesting that banks and commercials depress the price of gold and silver…..
BUT……
JPMorgan currently holds 650 million oz of silver,
and
Goldman Sachs is believed to currently hold 1,200 tonnes of GOLD.
doesnt look like too many people are interested in novo.
maybe thats a good thing.
Yeah, it has only traded about $100,000,000 in shares in the last three weeks. 😉
This is obviously a terrible comparison but IPT traded about $2,000,000 in the same period.
De Grey DEG.ASX borders Novo property and is up big time today,
I’m extremely happy, will have a few beers to celebrate tonight.
Cheers.
That’s great Skeeta, maybe I’ll have a beer on your behalf!
Thanks Matthew,
Fly over & I’ll gladly buy you many beers !
…My VXR.ASX holding is having a happy day today too..LOL
Thanks Skeeta, that is very tempting. I’m having a Fuller’s stout right now, cheers!
Stout is too heavy for me Matthew, its more like a meal than a beer LOL,
DEG & VXR up 150% & 40% each today respectively.
It was like ‘mining share porn’ watching them on the screen today !
an Brodrick talks to Colorado Resources:
If the USD is starting a rally then PM’s will be heading down and presumably will so be Novo.
People might say that they will not sell but if we get gold dropping 50 or 60 bucks in the coming weeks most of the miners will be hit.
I’ve learned that a stock won’t usually goes down only if I own it. I don’t have any Novo yet so I’m looking for it to hang up there or fall relatively light in comparison with the ones I do own.
Terrible typing! “a stock usually goes down only if I own it.”
There are a lot of ill-informed investors in gold and NO regulation, so the commercials can maximize their profits………until they fail.