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@Goldfinger @dirkdiggler I don't think it can "take off" without $gold, but it can certainly outperform gold. Gold is in an interesting spot with a breakout over $1265 quickly targeting $1300-$1310 IMO.
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@dirkdiggler that breakout would goose the shares for sure @Goldfinger. $GDX
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@Goldfinger @Allan you also get to use the "@" feature when typing another user's handle in a chat comment ;)
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@Goldfinger Some $silver chart artistry via Edward Gofsky on Twitter: http://cdn.ceo.ca/1cdj55h-Silver_H%26S_bottom.png+ I like it.
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@Goldfinger If this is the 3rd wave in an Elliott Wave super cycle $silver will reach $30+ by year end.
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@Goldfinger UxC Spot price: $24.50/lb U3O8, down $1.00/lb, or ↓3.9% (weekly, at 27-Mar-17) UxC 5-Year Uranium Price: $32.75/lb U3O8, down $1.00/lb, or ↓3.0% (weekly, at 27-Mar-17) $uranium $URA
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@Highheat @Goldfinger I hope you are right on Ag but with US Treasury auction and OptionsX I bet they try to fade it.
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@Goldfinger Interesting that $VRX short interest jumped nearly 13 million shares during the last reporting period (which encompassed the disclosure that Ackman had dumped his entire position). Seems like this stock is setting up for a binary outcome (>$20 or <$5) within the next few months.
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@Goldfinger @Highheat Treasury auction nearly meaningless for PMs IMO. Opex could actually add a bullish element in terms of a short squeeze (short call options). We will see. Not too enthused by action in the miners today but we are in a shifting market environment so it's important to simply let price dictate and not get too caught up in correlations, or lack of correlations. $Silver closed at highest level in a month.
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@Goldfinger @nobshere I'm making an observation, I think the short interest move is interesting. I am not saying buy.
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@Goldfinger "Practicing that gear-shifting--from market focus to self-focus and back again--is a great way to develop a higher consciousness in our trading." http://traderfeed.blogspot.com/2017/03/trading-with-higher-consciousness.html
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@Goldfinger @nobshere Could be ripe for a long volatility options trade, betting on a big directional move in the next few months. $VRX
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@Goldfinger A useful basic primer on understanding exploration results ~~~> http://www.mining.com/web/making-the-grade-understanding-exploration-results/
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@Highheat @Goldfinger if you think the bi weekly US Treasury auctions are meaningless you haven't been paying attention for the last 5 years or so. They may not matter tomorrow but that would be an outlier
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@Goldfinger Nice chat by @lukejackson yesterday citing $XRC as one of the next gold explorers to get taken out. Sun Valley Gold is happy this morning! $G
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@Goldfinger $CNL $SBB and $SSP next.
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@Goldfinger $XRC takeout would be another example of the 'green shoots' I mentioned in the last paragraph of last night's post: http://energyandgold.com/2017/03/28/mining-shares-once-again-trading-at-attractive-valuations/ $GDX $gold $silver
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@Goldfinger @Highheat Actually didn't touch the 200-day yesterday, high was $1261. If we get above $1260 again today it's going to run IMO. $gold
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@Goldfinger @Allan A lot to be said for that type of character, and I can't stress enough the optics of being on time in front of investors. So many "tardy" people in this sector lol.
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@Goldfinger To summarize this article in one sentence "Over a 90 year time frame the trend is higher but short term anything can happen.": http://www.marketwatch.com/story/what-the-dows-losing-streak-is-telling-us-2017-03-28
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@Goldfinger Seeing follow through buying in $TECK this morning, above key $22 level.
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@FundamentalAnalysis @Goldfinger you think $BSX is a takeover target ? Agnico has a nice footprint....
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@Goldfinger @FundamentalAnalysis Quite possibly, $BSX can't be too far down the list.
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@FundamentalAnalysis @Goldfinger I like $SSP as well, but not sure of takeout potential at this stage. $SBB is my favourite especially once permitting issues are resolved. Its practically a no brainer at that point.
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@Goldfinger $GDXJ - You can cut the tension with a knife here, volume churning as range tightens around $37 http://cdn.ceo.ca/1cdkqlq-GDXJ_3.28.2017.png+ $gold
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@Goldfinger @Leon $1350 $gold is conservative in a widespread global disinflation scenario, more like $1500.
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@Goldfinger Such a clear trading situation in $gold and miners $GDX $GDXJ here: Traders worried that $1265 resistance won't be taken out which could lead to downside reversal, itchy trigger fingers selling miners here. Epic reversal higher if gold DOES break out.
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@HRA-Coffin Traders probably a bit spooked by the huge beat in consumer confidence number @Goldfinger though I can't imagine why. The correlation between that feel good survey number and actual economic activity is tenuous at best and a lot of the data is probably "pre Trumpcare fail" so already suspect.
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@Goldfinger @HRA-Coffin Exactly
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@Goldfinger You know you're in the junior resource sector when you can't tell if a stock you own is halted or just hasn't traded yet (an hour into the day)...
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@Goldfinger $Trump ordered delivery...
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@Goldfinger We gotta be careful on here Eric, some Trump fans among us :).
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@lukejackson What's the catalyst to get over that hump @Goldfinger?
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@Goldfinger @lukejackson another leg lower in yields
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@Goldfinger I love when hedge fund guys use that analogy "a put against...." insert whatever you want to hedge against. And I use love sarcastically...
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@Goldfinger $Gold isn't a put against anything. It's an investment that can benefit from chaos and upset in the economy (which results in lower yields, weaker US dollar, weaker equities, etc.).
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@Goldfinger $Gold is a real asset in a world of un-real assets.
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@Goldfinger USD Index up 3 ticks @Allan
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@Goldfinger $Silver staying remarkably firm while $gold sees a downdraft.
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@Goldfinger @Allan Market moves fast, 99.08 now. USD will see 2 steps down, 1 step up IMO. Might be getting a step up now.
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@Goldfinger "Prime Minister Shinzo Abe’s government sees the return of atomic power as crucial for the country’s long-term energy security..." $uranium $URA
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@Goldfinger Could the widening gap between the red and green lines be due to rising consumer prices? http://cdn.ceo.ca/1cdkvvd-Consumer_Confidence_Income_Levels.png+
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@Goldfinger Enough cocaine to buy a couple of junior gold miners....
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@Goldfinger @MiningBookGuy Do you know the total amount they raised via warrant acceleration? $SWA
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@Goldfinger $ION continues to see accumulation, over C$.18 likely heads to C$.24: http://cdn.ceo.ca/1cdl1i4-ION.V_Daily_3.28.2017.png+ Bigger picture not much volume-by-price between C$.20 and C$.35, weekly RSI(14) crossing above median line pointing higher.
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@MiningBookGuy @Goldfinger RE: $SWA Warrant Acceleration- "Since the announcement of the Incentive Program on February 16, 2017, an aggregate of 7,263,333 Original Warrants have been exercised, resulting in gross proceeds to the Company of C$1,452,666.60." @marketwired/sarama-resources-announces-completion-of-warrant-exercise
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@Goldfinger @MiningBookGuy Thank you
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