Comments On US Markets And Gold
Rick Ackerman joins me today to share his updated techincals and thoughts on the US markets. We also discuss the precious metals and proxies he uses to trade.
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(AUN) (AUNFF) Aurcana Announces Transformational Transaction
July 30, 2018 (GLOBE NEWSWIRE)
“Aurcana has entered into a letter of intent dated July 27, 2018 with certain wholly owned investment vehicles controlled by Lascaux Resource Capital Fund I LP pursuant to which Aurcana will effect a business combination and reverse takeover transaction that will result in, among other things, Aurcana acquiring all of the issued and outstanding shares of common stock of Ouray Silver Mines, Inc. a corporation incorporated under the laws of Colorado on a debt free basis in exchange for newly issued common shares of Aurcana . Ouray is a private company wholly owned by the LRC Group. The OSM Group is at arm’s length to Aurcana and owns 100% of the Revenue-Virginius Mine in Ouray, Colorado which is a fully permitted past producing (last production 2015) polymetallic deposit that derives the majority of its revenue from silver.”
https://ceo.ca/@nasdaq/aurcana-announcestransformational-transaction
From 321 gold………….
https://firstmacrocapital.com/research/which-companies-generate-more-revenue-per-employee-than-every-sp-500-stock/For the bankers out there, this will interest you. The Three Gold Kings once again in 2017, generated 25X more revenue per employee than the key wall street investment banks (Goldman Sachs and Morgan Stanley). When you compare the Three Kings to diversified bank J.P. Morgan Chase & Co., Royal Gold generates almost 50X as much revenue per employee, and Wheaton Precious Metals generates more than 55X more. As of August, on a market capitalization basis, Franco-Nevada had 175X higher value, on a market capitalization per employee basis than Goldman Sachs, and 277X more than Morgan Stanley.
HUI…..retest at 160…….