Gold Bull Resources – Recent Drill Results Expand The North Hill And Able Knoll Deposits At The Sandman Property In Nevada
Cherie Leeden, President and CEO of Gold Bull Resources (TSX.V:GBRC – OTCQB:GBRCF) joins us to recap yesterday’s drill results from the Sandman Project that expanded the North Hill and Able Knoll Deposits. With almost 500,000 ounces in gold resources the current drill program is working to grow this resource to over 1million ounces.
We have Cherie outline the ounces proved up at both North Hill and Able Knoll and now the expansion of each of these areas through recent drill results. We discuss the ongoing drill program as well as a new prospect that is currently being drilled.
If you have any follow up questions for Cherie regarding the ongoing work at the Company please email us at Fleck@kereport.com and Shad@kereport.com.
SILJ day…Gartley buy pattern area 9.16 to 9.49…day TD9 count occurs , mon, tues, wed eg on 8 or 9 or the bar after 9…..picture perfect ABC down …looks a trading book…really
weekly SILJ…similiar story…Waiting for capitulation/fear exhaustion…..not yet..so far we have a TD4 of 8 minimal count…so even if we get a low soon requires a few weeks to gather momentum back….glta
I bought SILJ when it pulled back to yesterday’s close. I can always bail if necessary.
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=0&mn=11&dy=0&id=p53655698741&a=1162760146
A little more IPT and now SILJ, that’s encouraging.
Will Coinbase go bankrupt soon?
This interview from couple of days ago is just more confirmation that PM’s are place to be.
https://www.kitco.com/news/video/show/Market-Analysis/4002/2022-05-09/Will-this-market-crash-last-Northstar–Badcharts
GCC is up 2% today and has gone sideways for 2 months now despite making an absolute moonshot over the last year.
It will be hilarious if it stays range bound and merely goes sideways for the next 10 months before its next huge leg up, while the US stock market plunges. Let’s just say the Fed is 1000% screwed if that happens.
The Fed is literally trying to kill demand, yet all they will do is kill Americans’ ability to pay for things like food and gas. That should work out well.
I do expect GCC to at least start correcting back down vs gold in July/August.
Keep an eye on silver miners (e.g., SIL) vs the Nasdaq.
It’s quite possible we could form a double bottom in the next couple of months. What that means is that you should expect more pain in the silver miners in the near term, at least vs the Nasdaq.
The December ’22 gap in SIL vs Nasdaq daily chart may eventually get filled. however, I would put high odds on silver miners mounting an amazing rally that should kick off sometime between mid-June and late July at least vs the Nasdaq.
Between now and then, things could get really ugly (even uglier than now), so just be prepared for that.
I’d bet on SILJ over QQQ at the moment.
https://stockcharts.com/h-sc/ui?s=SILJ%3AQQQ&p=D&yr=1&mn=11&dy=0&id=p71127555709&a=991875219
I’ll take the other side of that bet. Today’s action was particularly bad and I am betting on weakness tomorrow. There is a double top on the daily chart too, which means the entire run up could be retraced. The chart is displaying remarkable symmetry so far off of the double top.
Also, the weekly full stochastics are headed down sharply but are not yet oversold, which to me suggest continued weakness at least for the next couple of weeks.
More weakness tomorrow is likely since SLV needs to revisit yesterday’s close (at least) but I bet things will look better at Friday’s close.
SLV
https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=9&dy=0&id=p41147812950&a=1161931075
The thing I don’t like is that 39 cent gap from May 15th, 2020 but I’m still going to play what I see.
even if the ratio does rally from here, I think it will likely retest this next pivot sometime in in mid June
In fact, whenever the next pivot across the PM complex comes, I’ll bet we get a retest and maybe a marginal lower low next month.
SPY:SLV broke three fork supports today.
https://stockcharts.com/h-sc/ui?s=SPY%3ASLV&p=D&yr=1&mn=5&dy=0&id=p72968756453&a=1154931874
When the selling really begins the first thing that will come to most investors minds is where is all this selling coming from. The principle cause will be not fear, or short selling, it will be forced selling. As the price structure crumbles there will be a stampede to get out. Remember most people are sheeple they will really start to sell when the margin calls come in. DT🤣
DT, you can rest assured that there have already been plenty of margin calls.
Hi Matthew, the brokers have lent out over one trillion dollars in margin money, that is a lot of liquidity that will dry up. Frightening for sure! DT
Wow, I’m 88% in cash and my portfolio is losing money every day. I have to resist the “falling knife” temptation. Gold was up today with many PM stocks taking hits—-that should give everyone pause. The CRB is getting ready to rollover—-there is no place to hide. Remember, all bear markets since WWII have lasted from 5-22 months. This one is in its’ 5th month and you can bet it’s far from over. By November, ‘ole Joe’ will be pleased to know that inflation is ebbing but the stock market will be levels far below where we are. Uranium stocks and copper are rolling over. It’s going to be a massacre and you might as well sit on the side lines until a few weeks in the future. As mentioned many times, May and June will be particularly trying times and good buying opportunities but this is not a market that will rebound strongly any time soon. You will get mini rallies but we’re a long way from the bottom.
I love to look at odds and we will in all likelihood see silver close at a lower close in May, a close that is lower then any close in 11/2 years. That means we will trend down (slowly) into the end of the year. Those kitco contributors that have been hyping silver for months have rocks for brains. I’ve mentioned that I purchased my first tranche of IPT at $.42 and it was small—-it was small since my charts for different reasons foreshaddowed a possible move down to $.25 or lower—that’s right; $.25 or lower. I’ll then load up at lower levels.
Hi Doc, where are the powerful bankers who are supposed to be able at any moment to support prices? There seems to be no support whatever. DT
DT, you’re assuming they want to support prices here. I doubt that they do since a washed out stock market gives them the perfect political cover for more counterfeiting. The fact that most people get poorer in the process is a bonus to them.
“Under the Federal Reserve Act, panics are scientifically created. The present panic is the first scientific one, worked out as we figure a mathematical equation.” (Congressman Charles A. Lindbergh, The Economic Pinch, 1921.)
“This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs this bill, the invisible government of the monetary power will be legalized… the worst legislative crime of the ages is perpetrated by this banking and currency bill.”
— Charles A. Lindbergh Sr.
DT, they aren’t going to support these markets. Here’s the plan; as you’re aware the income and wealth inequality has been increasing for close to 40 years. They’re going to solve it not by lifting up the lower and middle classes but by crushing the asset classes of the wealthy—-the only ultimate way to decrease the wealth gap and doing the heavy lifting from the bottom is by bringing back sound money which you can bet the bankers won’t do. Also, as we’ve been reading the unions are once again stirring in this nation.
I’ve got a bridge to sell anyone who believes the lower and middle classes will be helped in any way by what’s unfolding. Yes, the wealthy will lose more (because they have more) but they will still fare far better than the working classes.
It looks like UUP is gearing up for another moonshot, this next one likely to form an actual intermediate term top. That being said, there is no telling how high it gets squeezed in the next couple of weeks. Expect something ridiculous though. If I had to guess it would be 29, which was the spike high from the covid crash.
Considering the pressure on stocks lately and the last few days in particular, the USD doesn’t look good for much more here. A couple weeks ago, I thought it might be able to spike to 106+ but now even that might be a long shot.
At speed line resistance since April:
https://stockcharts.com/h-sc/ui?s=UUP&p=D&yr=1&mn=3&dy=0&id=p58924488577&a=1097450982
At Andrews fork resistance since April and just as overbought as in 2020:
https://stockcharts.com/h-sc/ui?s=UUP&p=D&yr=4&mn=11&dy=0&id=p20518147830&a=570974456
From a weekly perspective, it hasn’t been so overbought since 2015; 2020 wasn’t even close as it wasn’t overbought at all.
https://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=6&mn=7&dy=0&id=t3999385106c&a=653766793&r=1652308379427&cmd=print
AXU is now looking like a great buy and will be one of accumulation for me in the next few weeks.
Doc with only 12% in this market I’d be hoping for an outlier event predicted by the perpetual doom porn guys of a 87 type flash crash. That way you won’t have to nibble at the accumulation, considering the leverage cash has, you back up the truck provided stuff you buy stays solvent longer term. Hell I’m recently a third in and would see that as a welcomed possibility.
More realistically, we get another oversold pop up gold rally and if the price action of gold vs majority sector equities/silver is the same, it will be time again to bail.
This market crash started back in October like Bob M say’s, at first it is very hard to spot but it has picked up speed since then and I don’t believe for a moment that this is no big deal. It is across the board failure in many bubbles including housing. I believe this is The Big One. We are not going to see a v shaped recovery anytime soon. The system has too many excesses to Squeeeeeeeeeeeze Out! DT