Jobs Data, Interest Rates, Gold Moving Up, PBoC Currency Tinkering
Recapping the news from today and this week Chris Temple and I cover a number of different topics. We start with the jobs number today being a net neutral and the Peoples Bank Of China raising forex requirements to 20%. Then a couple comments on interest rates stuck, especially the long end, and gold getting a bit of the bounce there is a lot to consider in today’s market.
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(TK) (TKRFF) Tinka drills 7.2 metres grading 22.7% zinc and 5.7 metres grading 14.9% zinc at Ayawilca
@newswire on August 1, 2018
https://ceo.ca/@newswire/tinka-drills-72-metres-grading-227-zinc-and-57
More information on Tinka (TK) (TKRFF)
Gold Prices determined by USD/CNY – Frustrating for Now, Great for Long-Term
The price of Gold today is determined by USD/CNY, period. Any analysis of Gold is basically a review of USD/CNY, plain and simple. Once you understand this, the reason for Gold’s performance recently becomes clear.
Liberal Hero Chomsky Admits “Israeli Intervention In US Elections Overwhelms Anything Russia Has Done”
“…whatever the Russians may have done barely counts or weighs in the balance as compared with what another state does, openly, brazenly and with enormous support.”
Truer words never spoken.
This candleglance chart of the #Uranium miners is interesting to review.
> Select the duration drop down for 6 months and 1 year on this chart.
It’s quite revealing that #Producers were the prime movers, and US #developers did well over the last year.
(especially since much of the speculative retail investors were obsessed over explorers in the Athabasca Basin or Africa, and many “experts” warned investors to steer clear of the dreaded producers….) 😉
$URA $CCJ $UUUU $URG $UEC $DNN $NXE $AEC $UEX $GXU $SYH $WUC
Gold ends at more-than-1-year low as dollar shifts higher for the week
MarketWatch – Myra P. Saefong • August 2, 2018
https://finance.yahoo.com/m/c60d2a85-b7d5-3542-ac2d-a0ef96f5c8e9/gold-ends-at-more-than-1-year.html
This was a good post from a user at ceo.ca called @gsdirectroyalty:
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@gsdirectroyalty – “1/2 Amid the multi year low share prices, pathetic volume on the TSX.V, and negative, cynical and downright crabby moods of speculators there are some interesting data points. I’m telling myself, PAY ATTENTION!”
“Since the spring we have seen four significant M&A transactions in the Jr resource space; Hecla taking $KDX, South 32 taking $AZ, Orion taking $DNA, and now Coeur taking $NM. It can be argued that each of these is a one-off, situation specific transaction but four in a short space of time looks like a trend. A common denominator of all of the acquired projects is high grade. While $NM’s Sterling project isn’t high grade in the usually understood sense (u/g), it is the highest-grade open pit development project in the western US and Northern Mexico.”
“Two of the best performing stocks in the sector over the last six months are $SIL and $WDO. The common denominator is consistent high grade.”
about 10 hours ago
Chris has great instincts. I enjoy listening to his opinions.
+1!
Thanks…I do my best!
+1
VTT Vendetta Mining Corp – Meet the neighbors
by @Pete on August 2, 2018 #ZINC #LEAD
https://ceo.ca/@pete/vtt-the-neighbours