Auryn Resources Update – Upcoming Drill Results and Stock Price Comments
Auryn Resources Executive Chairman Ivan Bebek joins me today to recap the recent news releases. We discuss the drilling at the Committee Bay project as well as look ahead to the results from Homestake in BC and drilling underway in Peru. The stock has been under some pressure lately so I get Ivan to comment.
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The $usdjpy monthly chart–that is what a sustainable nascent bull market looks like.
Well we did have 3 days of silence at least 😉
At least Spanky proclaimed last Friday that he thinks the metals are in a bull. (what a relief). haha!
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On October 20, 2017 at 7:20 am,
spanky says:
“I’m going silent for a while. I think the metals are in a bull, but the miners could tag their 600 DMA before this correction ends. Godspeed. Over and out.”
Would be interested to know how much money they are burning through and if and when they will need to do another financing. Thanks for that update
Wow ; TRumpet cant shut up . Attacks Senators he is going to need for futhre votes. Another phony patriot [ bone spurs ?? poor baby cant serve in Vietnam. Insult king brings nothing but confusion to WH . S
The miners and metals are done. Once the yen breaks down–and it will–kiss the miners especially good buy. $18 will be absolute cake for GDX in time.
http://stockcharts.com/h-sc/ui?s=%24USDJPY&p=M&b=5&g=0&id=p01364885415&a=552435449&listNum=1
Anyone who thinks the yen is in a new bull market like gold is smoking crack. Anyone who ignores the yen thinking it won’t affect gold is delusional. Sure, someday the yen and gold will break their correlation, but I imagine they are going to milk the ratio for all its worth before that point which means gold and especially the miners are going to get smashed and stay in a giant trading range for years.