Tag Archives: gold

Get Out of Cannabis and Crypto and Move Into Gold and Silver

At the conference I had dozens of meetings with juniors. One of the things that impacted me most was when the CEO's showed up and mentioned to me that they were recently buying their own shares. This is a very bullish testament to me as an investor and it was nice to see two of the CEO's telling me that they are putting heavy amounts of their own net worth in recently as they believe their own stock has value and should rise.
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Gold Forming Huge Long Term Cup and Handle Flag Pattern

Gold Forming Huge Long Term Cup and Handle Flag Pattern
Right now gold has been basing for almost 7 years while the majority of short sighted investors chase momentum into bubble like areas in financial stocks, tech and housing despite the record valuations and despite the warning of a market that has been on its longest run since the roaring 20's which preceded the Great Depression.A little junior I featured a few months ago when it was trading at pennies has just broken through the $1 mark on a world class lithium discovery. A few months ago when I first did the interview many analysts were skeptical now the big banks have jumped on board.
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3 Junior Miners in USA Making Big News at PDAC in 2018

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

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?

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?

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

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?

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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