A focus on the daily chart for GDX
Dave Erfle joins me today for a close look at the GDX daily chart. While gold stocks are still in a short term correction there are some near term price levels to watch that if broken will open up a little more downside. We also discuss news out of Eclipse Gold Mining (TSX.V:EGLD) and the trading that is occurring today.
Click here to visit Dave’s site and keep up to date on the stocks he is investing in.
Jim Willie has a take on the BS……of both…….
Care Act to fund the economy ,……for the fake virus scheme..was….proposed funding was done LAST YR.
I posted and marked the tape in the last section………GOVT.Players are BEYOND CORRUPT….
Lol………what govt…….certainly not for the WE THE PEOPLE…..
BEST ONE OF THE DAY………..
On June 16, 2020 at 11:03 am,
SilverDollar says:
I nominate this as ‘today’s puke’ article: https://www.politico.com/news/2020/06/16/congress-small-business-loan-320625
Jerry,
What do you mean that the Cares Act to fund the economy was proposed last year? Are you referring to H.R.748 – CARES Act which was originally the Middle Class Health Benefits Tax Repeal Act of 2019 which had nothing to do with the CARES Act until March of 2020.
See my note, on prior section…………thanks for the comment……
The DATE……..is what Willie was referring ……in response to your question and rebuttal on the other section.
01/24/2019 House Introduced in House
Go to the govt site, and search ALL THE ACTIONS……
I said, I would look into your question…..
Please note, ………I am not defending Jimmy Willie, …I just thought it was good info. connecting the Corrupt Govt……and yes, we have a Corrupt Govt. filled with corrupt politicians.
They come out of their hidy holes daily……
One only……needs to look at the fake lock down to see the obvious …..
Yes, the Middle Class Health Benefits Tax Repeal Act of 2019 was introduced on 01/24/2019.
All that did at the time was to repeal the excise tax on employer-sponsored health care coverage for which there is an excess benefit (high-cost plans).
It originally had nothing to do with the CARES Act until in March of 2020 when the CARES Act was added to the Middle Class Health Benefits Tax Repeal Act of 2019.
All one has to do is read each Summary of H.R.748 to see that the CARES Act was not added until 03/25/2020.
Yes, the government is corrupt but so is everyone else.
Everyone…….is stretching it………….. 🙂
Unless you mean a sinner…….. 🙂
I FIND THIS COMPLETELY STRANGE………
SECTION 1. SHORT TITLE.
This Act may be cited as the “Coronavirus Aid, Relief, and
Economic Security Act” or the “CARES Act”.
The short titles are not strange. In 2019 for the House of Representatives they were:
Short Titles as Passed House
Middle Class Health Benefits Tax Repeal Act of 2019
Short Titles as Introduced
Middle Class Health Benefits Tax Repeal Act of 2019
The short titles in March of 2020 for the Senate were:
CARES Act
Coronavirus Aid, Relief, and Economic Security Act
Here is the original text of H.R.748 which was Introduced in House on 01/24/2019. Nothing in there about the CARES Act.
https://www.congress.gov/bill/116th-congress/house-bill/748/text/ih
I can see after review……..that Willie may have been confused, ……the “BILL”….started out one NAME, then CHANGED….
Seems we know about the covid 19 , being mentioned in other areas in 2019…..but, that is a topic for another time.
“Middle Class Health “….the bill’s name is a joke……….no wonder they changed it…
The FED.printed $3Trillion, with the TBTF getting the bulk…. That is not MIDDLE CLASS, I think they got the Middle finger fate award…… 🙂
You are correct jmiiller. The Middle Class Health Benefits Tax Repeal Act was transformed into CARES Act in 2020.
That is correct Paul. Too bad people do not check things out. Instead they are lazy and just believe what some silly conspiracy theorist says.
First effective drug for Covid-19 is dexamethasone .
Hydroxychloroqine with zinc and Zpac anibiotic works perfectly as a therapuetic treatment for Covid. It is being poopood by NIH/FDA because it exists and is cheap, so big pharma can’t profit from it. The truuth is out there, but finding it involves work.
George Webb, has some good comments, concerning the medicine
https://www.youtube.com/watch?v=go242s_n_xM
Just Truth:
The timing of administration of Hydro and Zinc is crucial. Most studies completely have missed the mark. I refer to Chris Martensen with his degree in Pathology.
interestingly:
Dexamethasone is a synthetic glucocorticoid that binds the human glucocorticoid receptor with a higher affinity than a natural ligand, cortisol (Kd = 5 nM versus 17 nM, respectively).1 Through receptor activation, dexamethasone has both transactivating and transrepressing effects on gene expression, producing, in general, anti-inflammatory results.2
WARNING This product is not for human or veterinary use.
The Prez Sez:
In case you missed last night’s program…..
qGXBBXM
Joshua Philipp
https://www.youtube.com/watch?v=HJl-qGXBBXM
Try this one for Joishua P.
Galiano Gold (GAU) – Turnaround Story. Creating Cash, Not just Mining Ounces
CRUX Investor – June 12, 2020 #VIDEO
“Interview with Greg McCunn, CEO of Galiano Gold (TSX/NYSE:GAU)”
“Galiano Gold (formerly Asanko Gold) is a mid-tier gold producer with an operating gold mine in Ghana: Asanko. The mine is owned and operated in a 50:50 JV with Gold Fields Limited (JSE, NYSE: GFI). It is large scale and started producing in 2016, but a recent tactical shift has been something of a game-changer. Galiano Gold has gone from focussing on building the resource as large as possible to now placing an emphasis on sustainable cash flow and incremental growth through rapid fully-funded exploration.”
(GAU) Galiano Gold Reports Q1 2020 Results
@newswire on 7 May 2020
Q1 2020 Asanko Gold Mine Highlights (100% basis)
Record quarterly gold production of 66,333 ounces at all-in sustaining cost1 (“AISC”) of $805/oz
The AGM delivered its best financial performance since commercial production was announced in April 2016.
Gold sales of 67,820 ounces at an average realized price of $1,542/oz, generating record gold sales proceeds of $104.6 million
Strong cash flow generation with operating cash flow of $37.0 million, and free cash flow1 of $27.0 million
As at March 31, 2020, the JV had cash of $55.6 million, $9.6 million in gold receivables and $0.5 million in gold on hand
Revolving credit facility of $30 million drawn down as a proactive measure in response to current economic uncertainty
Filed 43-101 technical report with updated Mineral Resource and Mineral Reserve Estimate
https://ceo.ca/@newswire/galiano-gold-reports-q1-2020-results
The Chinese Are Buying Distressed Gold Assets, and Are Willing To Pay A Good Premium
by @Samson Li on 14 Jun 2020
“In the last month or so, two Chinese mining companies have made overseas acquisitions that have shocked the market. Both acquisitions involved the Chinese buying gold assets in the American continent. In May, Shandong Gold announced its intention to buy TMAC in a $168 million deal. Then just last week, Zijin emerged to become the highest bidder for the highly sort after Guyana Goldfields, offering C $1.85 per share, which is equivalent to $239 million. Both are all cash deals. In this article we share some background stories of these deals after talking to different people in the mining circle, and provide our thoughts on these transactions.”
Chinese are dumping bonds,……I have read, so why not pick up some real deals… 🙂
Yep, they are bargain hunting and buying companies of value. Can’t say that I blame them for scooping up deals on long life Precious Metals companies that will be producing Gold far into the future.
(ANX) (ANXGF) Anaconda Mining Commences 5,500 Metre Infill Diamond Drilling Program At The Goldboro Gold Project
@accesswire on 10 Jun 2020
https://ceo.ca/@accesswire/anaconda-mining-commences-5500-metre-infill-diamond
(EXN) (EXLLF) Excellon Receives Permit to Drill Silver City
by @newswire on 16 Jun 2020
– Approval received for initial drill program of 15 holes totaling 2,500 metres – drilling is expected to commence before the end of June
– Additional 12 holes permitted for immediate follow up should drilling intersect anticipated veining and mineralization
– Silver City Project is a 164 km2 high-grade epithermal silver district in Saxony, Germany that was mined for over 750 years but has seen no modern day exploration for precious metals
https://ceo.ca/@newswire/excellon-receives-permit-to-drill-silver-city
(GORO) Gold Resource Corporation Acquires High-Grade Golden Mile Property in Nevada Walker Lane Mineral Belt
@nasdaq on 15 Jun 2020
Golden Mile acquisition highlights include:
– 100% ownership
– 9,334 acre advanced high-grade gold exploration property
– Two established mineralized zones
– Open pit heap leach project potential
– Surface and near surface high-grade gold drill intercepts
– Drill intercepts including 36.60 meters of 10.26 grams per tonne gold
– Proximity to Company’s producing Isabella Pearl mine, 23 miles
– Potential equipment and processing facility sharing with Isabella Pearl mine
– Bottle roll tests indicate gold mineralization is amenable to cyanide leaching
– 451 unpatented lode mining claims; 5 patented mining claims
– Acquisition boosts Nevada Mining Unit acreage by more than 51% (27,600)
– Mining friendly jurisdiction, Nevada, U.S.A.
https://ceo.ca/@nasdaq/gold-resource-corporation-acquires-high-grade-golden
long ATVI
Been listening to Powell. He has no answers that would be negative toward the metals. If they can tell him to go home, maybe we can get good movement this afternoon.
David……….Ex post a good one from Peter Schiff…..in other section……
posted , not post
Thanks Jerry. Maybe the train will get moving the rest of the week.
You are welcome……..
OFF TOPIC:
The Maexist Agenda:
https://www.newswars.com/un-official-admits-coronavirus-black-lives-matter-climate-change-agendas-are-inseparable/
(Come back MacCarthy, all is forgiven.)