Astra Exploration – Maiden Drill Results From The Pampa Paciencia Project Hitting Multiple High-Grade Gold Intercepts In The First 11 Holes
Brian Miller, CEO of Astra Exploration (TSX.V:ASTR) joins me to recap the initial drill results from the maiden drill program at the Company flagship Pampa Paciencia Project in northern Chile. The first 11 holes, out of the 30 hole program, were released yesterday, May 2nd, many intersecting gold veins over long widths. The program is testing 5 targets across the Project.
We start by outlining where the best holes were drilled and getting a better understanding of the 5 targets that were drilled. As Brian notes the veins are very wide, ranging from 10-20 meters in width. We also discuss how the veins are being targeted since they are all undercover. The final point we cover is the overall cost for the 30 hole program coming in at around C$650,000.
If you have any follow up questions for Brain at Astra Exploration please email me at Fleck@kereport.com.
Click here to read over the recent news release we discussed from Astra Exploration.
Rick Ackerman explains in this article why The US Dollar is going up and is headed much higher. He also states why we are headed for a Deflationary Depression like the 1930’s not a hyperinflationary one. DT
https://www.rickackerman.com/?vgo_ee=MfpXIUlqn49Q4sHexYgXlg%3D%3D
The Federal Reserve is going to raise rates at The FOMC meeting today, most people expect a .05% rate increase, what if The Fed only raises rates .025%, gold will shoot through the roof. Everyone can see how their hands are tied but if they don’t bring in at least a half a point increase the game will be up. DT
At this point if silver fails to tag its 200 WMA, currently at $20.24 and rising, I will be pretty surprised. If G. Savages cycle count is correct, there really isn’t much time for silver to move down before the next cycle low (he thinks this week or next week). I suppose that’s a countervailing factor. I would expect at least some sort of bounce before really breaking down (but I probably was saying the same thing in 2013). The 14 day RSI is finally oversold, and over the last few years, that has marked a near term bottom every single time. A significant bounce has always followed (I would expect at least a $1 rally).
One possibility is that the next intermediate cycle will be left translated and will make a lower low. That would give silver another 4-6 month window to make it down to tag the 200 WMA. If there is a liquidity event, and let’s be real, that is a very real possibility, I think silver will trade down to its 400 WMA, currently at $18.44, and possibly a bit lower for a few weeks.
If silver and silver miners are not the most hated assets in existence I don’t know what else could qualify. Maybe platinum? The ratio charts tell you everything you need to know. Yes, it’s possible silver could continue to outperform the Nasdaq as it has since December ’21, but I think a double bottom vs the Nasdaq is a legitimate possibility or even an undercut low.
Silver apparently won’t respond to anything short of a complete capitulation by the Fed, IMO. Between now and then, expect the banksters to take full advantage. We will probably see a GSR over 100 in the next few months.
Correction: In August ’18, silver did hit oversold on the 14 day RSI, but didn’t bounce significantly (maybe 50 cents if that) before finally reaching a major low in September ’18 about a $1 lower (which it retested about a month later).
From bankruptcy to $50 million, confessions of a stock operator! DT
https://www.zerohedge.com/sponsored-post/bankruptcy-50-million-confessions-stock-operator