??? Not sure what gibberish you are even spouting, but if you are going to post, try offering some value to the site, instead of just trolling Jordan and Chris Vermeulen all the time and being negative.

Go Jordan! Great info and we appreciate it.

Thanks for the note on Lion one—I don’t own any shares in this company but will in all likelihood take a position soon. I like the technicals right now although for a lot of companies I’ll wait to add until the calendar rolls over into June. June may be a difficult month for the PMs.

I like that Lion One is a developer moving towards smaller scale production on what they have defined thus far, but that isn’t the main reason I’m invested. The big prize is that now that they own the whole caldera and can really spread out and explore their land package, they may end up delineating a truly world class alkaline deposit. Most of the large alkaline deposits, except this Tuvatu asset of Lion One, are held by the Majors, because they can grow to be 10-40 million ounce Tier 1 deposits. Also many of them get much higher grade at depth, which is what Quinton H. was pointing out when discussing Tuvatu, and their deeper drill holes last year seemed pretty encouraging. Now they’ve released the hounds… with 6 rigs turning, so I’m interested to see how this year’s exploration program goes.

Hi Doc. As for the Gold price and the miners, I’ve been noticing that even with the metals heading higher lately, the Jr Miners and Silver has not really been moving with the leverage we normally see. As a result, I’ve been concerned that maybe that is a signal things may roll over for a bit in the PM sector to take a breather in June, after Gold and the Seniors & Royalty companies just put in a really solid April and May. GDX and GDXJ (which contain mostly major producers, mid-tier producers, and royalty companies) have done well, but the smaller junior miners have not played along quite as much (with a few standout exceptions like companies in the Newfoundland area play and a few explorers that hit fantastic grades).

Many technicians are watching to see if Gold can close decisively above $1900 on Friday for the weekly/monthly close, and if Silver can break above $28.50 on a closing basis for the week/month. Those levels are within range, but I’m more interested in seeing Gold break above that $1960’s congestion zone of many prior peaks & troughs, and see it as the resistance level to watch, where Gold may get swatted back down.

Regardless, Gold is going to have a nice green monthly candle in May, like it did in April, so it wouldn’t be a surprise for it to take a breather in June and cool it’s jets a bit.

I added more LOMLF on Mon. It’s a great long term play.

I am watching Friday also. I had a great Monday and found that evidently no one else did which was confusing. Tuesday they started out taking 40% back, but I thought that was to balance US/Canada since Monday a Holiday for Canada. Surprisingly Tuesday was almost a wash which was positive. This morning was pretty much good around the world until the premarket smash which I wrote off as illegal intervention and would have to see how things went the rest of day. It ended with an afternoon intervention with an all day agenda of taking gold down. Could be the unfavorable reception of the bankers before the Senate Finance Committee. They sometimes flex in those moments . One Senator ask that they refrain from a “State oriented Capitalism” as he felt there was some indication they were supporting that as a business plan. I am concerned but look to the end of the week.

Noticed on the Investing.com chart for Gold there was another take down in paper contracts at 6:30PM CST. Of course, that is when all of us sell our paper contracts to get the best price. But, looks like a continuation of the theme of the week.

Here is a 1 year daily Gold chart showing that congestion zone in the low $1960’s, that is the next major resistance point for the yellow metal.

There was a doji indecision candle today which may indicate a shorter term pullback, but ultimately, for gold to make a run at the all time high of $2089, then it needs to first close decisively above that $1962-$1966 resistance zone.

https://cdn-ceo-ca.s3.amazonaws.com/1gatt25-Gold%20Chart%20Resistance.JPG

The pattern seems to be a massive dump of contracts, within a short period of time, exceeding position limits, and probably during periods of low volume and/or participation. Obviously doesn’t have to happen again… but the message has been don’t expect another result unless you think you can do something about it. We need to be cautious.