Tag Archives: gold

3 Junior Miners in USA Making Big News at PDAC in 2018

Here we go again as this time of year brings a lot of hype to the mining industry as tens of thousands of people from all over the world come to Toronto to present their goods and services at the PDAC convention. Its not uncommon to pay $300+ for a hotel room to hang around the Toronto Convention Center and go to a bunch of parties. However, the more experienced junior mining investors are aware of what has been termed by many the "PDAC curse". The PDAC Curse is becoming more widely known when there has been more selling coming out of the conference than buying. However, things may have changed these past couple of years and we are seeing some bullish reversals coming out of PDAC.
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Multi-Year Breakout in Gold at $1400 Could Boost Junior Miners

“We see a breakout at $1,400 in gold, which could mean new multiyear highs,” said Jeb Handwerger, editor of GoldStockTrades.com, which offers a newsletter focusing on mining exploration companies. Gold futures haven’t topped $1,400 since 2013. A decline in the value of the U.S. dollar has recently helped boost dollar-denominated prices of gold, but Handwerger pointed out that “many investors have been diverted away from mining into much more speculative areas like blockchain and cannabis.” “Even investment conferences and newsletter writers who were once gold bugs are now cryptocurrency gurus,” and this is very similar to 1999 when gold bulls became dot-com gurus,” he said. “Eventually, we will have another gold rush possibly even bigger than the late 70s but possibly more like the 30s.”
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Are You Ready for The 2nd Leg Higher in the TSX Venture in 2018?

Looking at the TSX Venture Chart above it appears the Venture peaked in 2011 and bottomed in 2016. Since the summer of 2016 the Venture has consolidated that first move for over 18 months. It appears that we could be starting the next leg higher with this break of 850. We are also moving into a very favorable time period where rallies occur between January and March. If you want to take advantage of a new year tax loss bounce you should buy a handful of really quality juniors which are still cheap.
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Is the Correction in Precious Metals, Uranium, Lithium and Rare Earths Stocks Over?

It appears that New Year 2017 has brought in with it renewed interest and new buy signals in the commodity sector and the junior miners. The TSX Venture is making a parabolic move as all the shorts have dried up and a whole new group of buyers appears to be entering. The Junior Gold Miner ETF (GDXJ) is breaking a 5 month downtrend and so is the silver miners etf (SIL). Now the next technical bullish breakout is regaining the 200 DMA, which I expect to come quickly.Uranium Miners ETF (URA) are breaking out of cup and handle breakout along with the Lithium Stocks ETF (LIT) as investors look to clean energy commodities.
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Why Trump Will Be Good For Precious Metals and Junior Miners

This strong US dollar in relation to other collapsing currencies has made it very difficult for miners and explorers over the past few years. The dollar is hitting a 15 year high making it very hard and expensive for our mining and manufacturing sector. That could change quickly under Trump as he has already committed to taking on other nations who have been devaluing their currencies to gain a competitive edge with trade.
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Gold and Silver Pulling Back To Support, Could Fed Meeting Next Week Boost Junior Miners?

It appears that gold broke its downtrend and 200 Day Moving Average in early 2016 forming a bullish golden crossover in February. Then in June gold broke 2 year highs and has since consolidated to the breakout point at $1300. Its quite normal after making such bullish breakouts to hold at that level before the next leg higher. This summer gold has taken a breather pulling back to uptrend support. It may still base until the Fed decision next week providing what may be looked back upon as a secondary opportunity for those who missed the Brexit breakout in June.\ Gold and silver both have rising 50 and 200 day moving averages which are bullish showing an upward trend. Notice rallies have been on increasing volume showing possible accumulation. It broke out into new 2 year highs in June following Brexit and has since consolidated returning to the breakout point. This past week it made a weekly bullish engulfing pattern which may signal a short term reversal to the breakout technical target of $23.50. The move may accelerate higher after the Fed announcement next week.
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Precious Metals Pullback To Uptrend Provides Buying Opportunities in New Bull Market

This is turning out to be one of the most powerful rebounds in gold and silver's recent history. For a long time I have advocated patience and fortitude with respect to wealth in the earth assets and continued to find the top performers in the junior gold mining sector. Those that have stuck with me are positioned now for this great run as I believe that this is the beginning of a major new bull market. I have warned you for weeks now that new investors in juniors should wait for pullbacks to rising moving averages rather than chase. The miners were beaten so low in this bear market that like a compressed spring bounced so hard so fast that a healthy pullback to upward sloping 50 and 200 day moving averages like we are seeing now is quite healthy and restorative. Here are three top junior gold miners to watch.
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Near Term Gold Producer K92 $KNT.V $KNTNF Breaksout into New Highs on Increased Investor Interest

Ian has around four decades of mine development expertise successfully starting eight major mines. Ian became famous in the summer of 2007 when he sold his company UraMin to Areva for $2.5 Billion executing a great exit for shareholders at the top of the uranium bull market. Could K92 be Ian's next big win in the mining sector as the project comes back into production?"I think the Kainantu project is one of the most prospective in Papua New Guinea. The strength of the structures and veins are most impressive. And they contain significant high grade gold!" – ALEX DAVIDSON, K92 Mining Advisor & Former Executive Vice President Barrick Gold Corporation
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2 Advanced Near Term Gold Producers in BC Canada

I highlighted a couple of gold stocks in British Columbia to my premium subscribers which I believed was on the verge of taking off after the Osisko investment in Barkerville Gold Mines in February and the success of Bob Quartermain's Pretium (PVG) Brucejack Discovery. Remember British Columbia is known for some of the highest grade gold and silver deposits in the world.
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Could This Be the Start of an Early Bull Market in Precious Metals and Commodities?

This could be a major turning point and transition from a historic bear market in the junior miners to what could be the beginning of a breathtaking move in precious metals, commodities and the junior miners. Looking at the returns year to date, silver is in first place followed by gold, platinum and oil. Smart contrarian investors have been accumulation precious metals and commodities at once in a generation price levels. The worse things got in 2015, the better they became in 2016.
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