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@wannabeinvestor So shall we see a rally in the banged-up $GDXJ constituents today? $gold
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from #index,
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@Goldfinger You didn't know nuclear war is bearish for $gold @Highheat?
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from #index,
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@MiningBookGuy I don't think this was posted yet... Russian Gold Billionaire Testing Foreign Waters With Share Offer "Polyus PJSC plans to raise as much as $810 million selling shares in Moscow and London this month in a sign Russian mining tycoons are seeking to return to international stock markets." https://www.bloomberg.com/news/articles/2017-06-15/russian-gold-billionaire-testing-foreign-waters-with-share-offer h/t @AmberMining #Polyus #gold #Russia #Moscow #London "Offering of 7%-9% stake values Polyus as high as $9 billion"
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@FundamentalAnalysis @HHorseman Tough to call, if they hint helicopter money....that implies inflation...bonds would fall but then inflation expectation rise....so perhaps a neutral for gold (maybe bearish short term, but could be bullish longer term).....if its more QE then inflation won't be created, and bond yields could potentially be suppressed further, which in conjunction with deflationary forces is just neutral for gold. Gold can only turn bullish with QE playing out and low inflation once QE gets out of control and people start losing confidence.... #mbgtrends #gold Very tough to call you can come up with the scenarios but which one will they do...helicopter money worldwide co-ordination would be a drastic new normal, we haven't properly got to that stage yet and it would be interesting to see how participants react.
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from #silver,
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@Goldfinger $1.75 million bullish options trade in $GLD today, trader betting on gold north of $1850 by January 2019 ~~~> $Gold $GLD buyer of 50,000 Jan. 2019 $180/$200 call spreads for $0.35.
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@Markedtofuture $GOLD James Rickards Gold Will Start Heading Higher On “Dwindling” Supply Gold was down after the Fed’s hike, but I expect it to start heading higher again. Too many powerful forces are driving it behind the scenes. Dwindling physical supply is a major one. http://www.gold-eagle.com/article/gold-will-start-heading-higher-%E2%80%9Cdwindling%E2%80%9D-supply Reply to this comment
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@LucTenHave XAU/S&P500 ratio. Are are we in the beginnings of a gold equities bull market? http://cdn.ceo.ca/1ckgbv6-xausp500.jpg+ $gold
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from #index,
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@MiningBookGuy Trio of deals 'a sign of rude health' for Shanta Gold - Mining Capital's Alastair Ford https://www.youtube.com/watch?v=Ux0EHjEleh4+ $SHG.L $HRC #Tanzania #gold #Africa ~AUfrica #index
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from ~aufrica,
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@norgo While we originally bought $PTX for its exposure in the #RingOfFire, it is interesting to see we hold a company in #Gold and #Cannabis :)
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from #ptx,
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@RocketRed @Highheat #Gold better hope it don't test the 2015 lows 1040
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from #index,
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@wannabeinvestor @Goldfinger, this Macquarie page does not open
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@wannabeinvestor apologies, now it did. Can anyone explain what are they saying about Zn? That it's headed to a stage in two years where prices peak and demand falters?
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@Excelsior Hi @FundamentalAnalysis You wrote: "Last year if I remember correctly gold turned around, hence the pattern of gold prices were different to usual. Is this year following what it normally does...stay weak into the summer, and then turn around 2nd half of the year? Just looking for some colour on the weakness...." --> I agree with you sir. 2016 was marching to the beat of it's own drum (and is why I think it indicated the end of the #Gold Bear market and beginning of the Gold Bull). Gold even rallied hard through the #SummerDoldrums last year. My perspective is that Gold is simply in a protracted consolidation process, and that is normal after a 5 year bear market. After a year and 1/2 Gold still hasn't broken below the Dec 2015 $1045.40 low, so bears would be hard pressed to make the case we've been in a continuation of the bear market. Also, in 2016 we took out a number of key prior peaks and Moving averages that hadn't been taken out in years, so that was more than just a counter-trend rally. If you are asking about the general #seasonality patterns for Gold, I had previously posted these #Charts that seem to have lined up well with 2017: #mbgtrends #Gold Futures - 20 Year #Chart ending 12/31/2015 http://charts.equityclock.com/seasonal_charts/futures/FUTURE_GC1.PNG+ #GOLD - 15 year chart [2001 - 2015] http://www.zealllc.com/c2015/Zeal061215A.gif+
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from #mbgtrends,
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@Excelsior Hi @FundamentalAnalysis You wrote: "Last year if I remember correctly gold turned around, hence the pattern of gold prices were different to usual. Is this year following what it normally does...stay weak into the summer, and then turn around 2nd half of the year? Just looking for some colour on the weakness...." --> I agree with you sir. 2016 was marching to the beat of it's own drum (and is why I think it indicated the end of the #Gold Bear market and beginning of the Gold Bull). Gold even rallied hard through the #SummerDoldrums last year. My perspective is that Gold is simply in a protracted consolidation process, and that is normal after a 5 year bear market. After a year and 1/2 Gold still hasn't broken below the Dec 2015 $1045.40 low, so bears would be hard pressed to make the case we've been in a continuation of the bear market. Also, in 2016 we took out a number of key prior peaks and Moving averages that hadn't been taken out in years, so that was more than just a counter-trend rally. If you are asking about the general #seasonality patterns for Gold, I had previously posted these #Charts that seem to have lined up well with 2017: #mbgtrends #Gold Futures - 20 Year #Chart ending 12/31/2015 http://charts.equityclock.com/seasonal_charts/futures/FUTURE_GC1.PNG+ #GOLD - 15 year chart [2001 - 2015] http://www.zealllc.com/c2015/Zeal061215A.gif+
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from #mbgtrends,
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@Excelsior Lately $MLN $MLNGF Marlin Gold has bucked the trend in the Summer Doldrums, and they've really been on the move the last few days. They are a very interesting hybrid company with a #streaming deal on one JV and 2 #Royalties remaining on their other prior JVs; but in addition they have a very sexy #gold mine throwing off cash from #production, and an even more intriguing #Development stage project. One more peculiarity is their share float is crazy at only 15% (as 85% is held by Wexford Capital) who manages them. $MLN has a nice looking #chart for those that have been traveling along for the ride... #Index #mbgtrends http://stockcharts.com/h-sc/ui?s=MLN.V&p=D&yr=2&mn=0&dy=0&id=p63065528597
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from ~royaltiesandstreams,
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@Goldfinger Gold Fields $GFI puts in place some $gold and $oil hedges for its Australian & Ghanaian production - via RBC: "Gold Fields has announced the hedging of around 50% of its annualised Ghanaian and Australian oil consumption between June 2017 and December 2019, locking in 78m litres of Brent at US$49.92/bbl for Australia and 126m litres of Brent at US$49.80/bbl for Australia (current spot price is US$45.85/bbl). Further, the company has hedged ~75% of its expected Australian gold production in H2/17 through (i) 165koz at a floor price of A$1,695.86/oz and a cap of A$1,754.18/oz (averaged), and (ii) 130koz at an average forward price of A$1,719.92/oz. The hedging price is at a ~5% discount to our forecast A$ gold price for H2 of A$1,793/oz, and we expect the impact to be slightly dilutive to our top line estimates. Given the considerable exploration spend in Australia (A$87m for FY17E) and capital spend at Gruyere (A$106m for FY17E), notwithstanding current sustaining and development capex at its four Australian mines, the strategy to hedge the majority of its Australian production conservatively locks in cash flow, albeit caps gold price upside. Our Underperform recommendation on Gold Fields is driven predominantly by the lack of free cash flow growth vs. peers at it looks to progress Gruyere, Damang, South Deep and Salares Norte concurrently, which in our view puts some strain on management resources and cash flow. Overall we view this announcement as broadly neutral for the shares."
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from #index,
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@ylr $BTO Slow but looking good in this market. http://cdn.ceo.ca/1ckito2-BTO.png+ #gold
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from #index,
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@MiningBookGuy Orca improves economics at Block 14 in north Sudan www.northernminer.com/news/orca-improves-economics-block-14-north-sudan/1003787287/ $ORG #gold #Sudan #RedBack #Lundin #Beaty #HughStuart #water #Africa ~AUfrica #NorthernMiner #index Some highlights: "Avant-garde explorer Orca Gold (TSXV: ORG) has launched into a feasibility study at its 2.3 million oz. gold Block 14 project in northern Sudan’s Nubian Desert, after finding a #water source that could support a larger open-pit operation than the company envisaged." ... "Stuart — who had been #RedBack’s vice-president of exploration — argues #Sudan is the most geologically prospective country in Africa. “There are few places left in the world where modern #exploration hasn’t had a good go, and #Sudan is one of them. It’s got fantastic rocks, yet it’s barely been touched. From a purely technical point of view, it’s a no-brainer to explore there,” Stuart says." ... "On July 12, U.S. President Donald Trump’s administration may permanently remove a 20-year economic embargo on #Sudan. The sanctions were temporarily lifted in January under the Obama administration, giving the Sudanese government six months to improve its human rights record and resolve political and military conflicts." ... [“If the sanctions are permanently lifted, anybody is free to do business there, including bankers,” he says. “In the past, we’ve focused on the Gulf states rather than North America when it came to lining up finances for the mine. So if it does happen, it would open up a lot more opportunities for us.”]
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from ~aufrica,
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@Excelsior JAGUAR ANNOUNCES #ACQUISITION OF STRATEGIC LAND POSITION EXTENDING ROÇA GRANDE MINE CONCESSION BY 1,000 HECTARES; PROVIDES GROWTH EXPLORATION UPDATE Jun 21, 2017 “Jaguar Mining Inc. $JAG $JAGGF is pleased to announce that it has acquired a strategic Mineral Exploration License located 4.5 km west of the Caeté mill operations where the Company currently processes ore from its Pilar Gold Mine and its Roça Grande Gold Mine. The Company is also pleased to provide a Growth #Exploration Update on its operations including the Pilar Mine and the Turmalina Gold Mine, located in Minas Gerais, #Brazil.” “Mr. Rodney Lamond, President and CEO of Jaguar Mining stated; “The awarding of this new strategic Mineral Exploration License to Jaguar is another outstanding achievement by our vigilant operations team, who were able to apply for the License area when it became publically available in mid-2016. It is a very difficult task to maintain an attentive watch for available concessions in a highly sought after mining district." "The new License further consolidates and considerably expands the total RG concession adjacent to the RG #mine and #mill operations. The new License area is also highly prospective, containing a number of old Portuguese workings, and over 7.5 kms of mapped, contiguous BIFs including a potential gold-bearing BIF hinge in the west-south-west quadrant of the License area. These BIFs form part of the continuity currently hosting the RG mineralization which make up the entire RG complex. During the second half of the year, Jaguar plans to carry out an exploration campaign on one of the historic targets, Morro da Mina, to confirm previously identified #gold occurrences in and around the target.” https://www.jaguarmining.com/investors/news-releases/2017/jaguar-announces-acquisition-of-strategic-land-position-extending-roca-grande-mine-concession-by-1-000-hectares-provides-growth/
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from #jaggf,
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@MiningBookGuy Editorial: Africa remains a dominant force in global gold mining www.northernminer.com/news/editorial-africa-remains-dominant-force-global-gold-mining/1003787298/ #Africa #gold #mining ~AUfrica #index #NorthernMiner "With so many troubles in Africa’s centres of gold mining — extremist attacks in West and North Africa, perennial challenges in #CentralAfrica and the long, slow decline of violence-ridden #SouthAfrica — it can be easy to lose sight that, at least from a technical perspective, #gold mining is still a strong and productive sector on the continent." #WestAfrica #NorthAfrica #EastAfrica
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from ~aufrica,
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@Excelsior #Gold Gap Closed Wednesday $GLD June 21, 2017 by Trendline Tracker #TechnicalAnalysis #Charts http://www.trendlinemagic.com/2017/06/gold-gap-closed.html
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from #index,
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@Excelsior $MEAOF $MTO METANOR ANNOUNCES INCREASE TO $ 5.9 MILLION IN BROKERED PRIVATE PLACEMENT “Metanor Resources Inc. (TSX-V: MTO) is pleased to announce that it has entered into an amended agreement with #Sprott Capital Partners to act as lead agent on behalf of a syndicate of agents including Red Cloud Klondike Strike Inc., pursuant to which the Agents will sell by way of private placement, up to 5,250,000 flow-through shares at a price of $1.13 each for maximum aggregate gross proceeds of $5,932,500.” “It is anticipated that the private placement will close on or before June 29, 2017…” #Gold #Production http://www.metanor.ca/en/communiques-presse/metanor-announces-increase-to-5-9-million-in-brokered-private-placement/
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from #meaof,
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@Goldfinger $Gold experiencing a reverse FADE during Asian market open.
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from #index,
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@ylr $HCG The bottom is long gone. I have some amazing #BIO & #GOLD opps for bottom fishing.
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@Leon A lower wave of metal prices should complete near or before June 29th. and this setup / opportunity may turn into the biggest move in markets for the next century." ~Chris Vermeulen #gold #silver www.safehaven.com/article/44538/global-blast-off-trade-setup
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from #index,
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@Leon $SBGL has successfully completed a USD1.05 billion international corporate bond offering, which was approximately two times oversubscribed! #gold #platinum #palladium www.sibanyegold.co.za
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from #index,
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@Benedict @soulMiner You might want to take a look back to Dec 2015 and compare as well (wonder how many would believe this ! 15%/15% 15% ) : http://stockcharts.com/freecharts/perf.php?$SPX,$GOLD,$SILVER&n=373&O=011000 (you will have to copy and paste due to the $ symbols)
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@JoshCrumb These Goldman Sachs Alums Want to Reinvent the Gold Market Goldmoney is a mashup of an old-school commodities trader and a digital payments system $XAU #Gold (Wall Street Journal - Paywall): https://blogs.wsj.com/moneybeat/2017/06/20/these-goldman-sachs-alums-want-to-reinvent-the-gold-market/
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from #xau,
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@Leon All major currencies have depreciated over the past century relative to gold. In terms of purchasing power, holding #gold over currencies has absolutely been the best option. #TSX www.streetwisereports.com/pub/na/kings-wealth-gold-stocks-playbook-part-1
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from #index,
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@HHorseman Btw seems to be a LIVE stream from the Swiss mining conference up guys: https://www.youtube.com/watch?v=mK4NbU-fXQc&feature=em-lbrm+ #mbgtrends #gold #silver #events #index
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from #mbgtrends,
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@Goldfinger I spoke with Peter Ball, CEO of Redstar Gold $RGC this morning. The Unga $Gold Project in Alaska is an underexplored epithermal district with strong similarities to active high-grade gold mines. Unga probably hosts 2 million ounces of gold (possibly more) and the project has been looked at by five senior producers, who obviously want to see it de-risked further. Unga will be an underground mine. $RGC will almost certainly need to partner with a major at some point down the road to move the project into production. No major permitting challenges at Unga. Investors can expect a resource estimate out as early as Q1 2018 and results from the latest drill program should begin to come out in July. Currently the company has about C$5 million in the treasury. RGC also owns ~6.2 million shares in $NVX which has doubled in the last month. Disclosure: Long RGC
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from #index,
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@Leon The London Gold Market is under stress! During the golden week in early May 2017 half of the yearly #gold production was sold on #COMEX, but only 14 tonnes were delivered versus 150 - 200 tonnes on the Shanghai Gold Exchange on a monthly basis. It means, Emerging Markets and Asians are hedging #FIAT currencies versus gold. Swiss Mining Conference June 2017 @03:01:05 www.youtube.com/watch?v=mK4NbU-fXQc+ www.didthesystemcollapse.com
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from #index,
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@Goldfinger $OLA bought Camino Rojo at a 90% off sale price while $gold is trading at a higher level than it was in 2009 when $G first acquired the asset. Goldcorp really wants out of Mexico! (Scratches head....)
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from #index,
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@Leon Libya's #gold and #silver reserves, estimated at "143 tons of gold, and a similar amount in silver" worth about $7 billion, posed a threat to the French franc (CFA) circulating as a prime African currency, to the #Euro and the USDollar. A Libyan initiative to freely compete with the Euro and USD through a local alternative currency had to be subverted through military agression. #thebiggerpicture #MiddleEast www.foreignpolicyjournal.com/2016/01/06/new-hillary-emails-reveal-true-motive-for-libya-intervention/
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@Leon South Africa's new #MiningCharter is set up for failure and this acknowledgement should re-boost stock market prices in recently beaten SA miners like $SBGL $AAL.L $AGG.AX and $GFI.US #gold #platinum #palladium www.businesslive.co.za/bd/national/2017-06-19-mining-charter-crisis
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from #index,
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@ValueInvest Future Money Trends are biased in their stock recommendations, as they receive big compensation for the stocks they promote. I follow their stock recommendations, but do my own value assessment on these stock tips. You cannot blindly invest in anything they promote. Some recommendations are great, but an equal amount and more are very bad tips. I do have to say that I got quite a few of my holdings from their work, but I say again, that is after I have done my own due diligence. Future Money Trends are backing two of the very best CEOs in mining industry: Keith Neumayer ( $FR, $FF) and Amir Adnani ( $GOLD, $UEC). These are also holdings of Rick Rule and Marin Katusa, which I consider the best value investors in the junior resource sector. FMT introduced me to these CEOs and to these companies. I have studied these managers and these companies, and I conclude that these are solid companies.
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from #ff,
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@Leon South Africa's arbitrary and prescriptive new mining charter is unlikely to pass legal muster. The minerals ministry may be compelled to re-open negotations with the mining industry. This should lead to higher share prices in $SBGL $GFI.US $AAL.L $AGG.AX #gold #platinum #palladium www.businesslive.co.za/fm/features/2017-06-22-analysis-zwanes-mining-charter-lunacy/
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@Excelsior #Gold: Are The Bears Running Out Of Gas? Jun. 22, 2017 – Taylor Dart “While the bulls have been marching the metal higher since early 2017, the bears have made a valiant effort to thwart their efforts when it’s mattered most. Since early June the metal has pulled back nicely from its highs near $1,295/oz, and sentiment has certainly followed. Bullish sentiment has retreated from 78% bulls to 29% bulls over the past 10 trading sessions, and price is currently resting on the 200-day moving average. There’s no question the bears have certainly had all the momentum the past few weeks, but the bulls finally have a setup in place where the metal should be able to find its footing. There is no guarantee that gold will find its lows here, but it’s the most logical spot for them to do so.” “Despite the pullback through the month of June, #gold continues to trend higher above a rising 20-month moving average.” https://seekingalpha.com/article/4083109-gold-bears-running-gas?isDirectRoadblock=false&uprof=45&utoken=45367700671014d860a163e327c403c5
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@Excelsior #Gold: Are The Bears Running Out Of Gas? Jun. 22, 2017 – Taylor Dart “While the bulls have been marching the metal higher since early 2017, the bears have made a valiant effort to thwart their efforts when it’s mattered most. Since early June the metal has pulled back nicely from its highs near $1,295/oz, and sentiment has certainly followed. Bullish sentiment has retreated from 78% bulls to 29% bulls over the past 10 trading sessions, and price is currently resting on the 200-day moving average. There’s no question the bears have certainly had all the momentum the past few weeks, but the bulls finally have a setup in place where the metal should be able to find its footing. There is no guarantee that gold will find its lows here, but it’s the most logical spot for them to do so.” “Despite the pullback through the month of June, #gold continues to trend higher above a rising 20-month moving average.” https://seekingalpha.com/article/4083109-gold-bears-running-gas?isDirectRoadblock=false&uprof=45&utoken=45367700671014d860a163e327c403c5
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@DanO Swiss #gold exports jump 39% to 170 mt in May on Indian demand, a five-month high https://goo.gl/Q5MGrC
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from ~roughingit,
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@Excelsior #Korelin Economics Report Thursday June 22, 2017 #AudioInterview #GOLD MINERS – SENTIMENT, $GDX #CHART, AND QUALITY STOCKS DIVERGING "A close look into the #junior #mining sectors with The Junior Miner Junky David Erfle. We look at the bearish sentiment in the sector as judged by the Gold Miners Bullish Percentage Index $BPGDM as well as the $GDX chart. With a tighter and tighter range investors are waiting to see which way it breaks. We also touch on the #Uranium sector at the end of the interview." http://www.kereport.com/2017/06/22/gold-miners-sentiment-gdx-chart-quality-stocks-diverging/ _____________________________________________ A TECHNICAL LOOK AT #GOLD STOCKS Friday June 23, 2017 #AudioInterview #TechnicalAnalysis "Jordan Roy-Byrne, Editor of @TheDailyGold, shares his technical outlook on the #gold #mining sector focused on $GDX. With the recently moves on low volume and the inability of GDX to breakout to the upside Jordan is worried about another drop. He says watch the 21 level on GDX." http://www.kereport.com/2017/06/23/technical-gold-stocks/
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from #index,
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@Excelsior #Korelin Economics Report Thursday June 22, 2017 #AudioInterview #GOLD MINERS – SENTIMENT, $GDX #CHART, AND QUALITY STOCKS DIVERGING "A close look into the #junior #mining sectors with The Junior Miner Junky David Erfle. We look at the bearish sentiment in the sector as judged by the Gold Miners Bullish Percentage Index $BPGDM as well as the $GDX chart. With a tighter and tighter range investors are waiting to see which way it breaks. We also touch on the #Uranium sector at the end of the interview." http://www.kereport.com/2017/06/22/gold-miners-sentiment-gdx-chart-quality-stocks-diverging/ _____________________________________________ A TECHNICAL LOOK AT #GOLD STOCKS Friday June 23, 2017 #AudioInterview #TechnicalAnalysis "Jordan Roy-Byrne, Editor of @TheDailyGold, shares his technical outlook on the #gold #mining sector focused on $GDX. With the recently moves on low volume and the inability of GDX to breakout to the upside Jordan is worried about another drop. He says watch the 21 level on GDX." http://www.kereport.com/2017/06/23/technical-gold-stocks/
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from #index,
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BrianBitcoinBull Good to buy when people get bored or hate the commodity. Because you can be sure like clockwork once there is even a smidge of excitement the Pumpers are going to be out in full force and have a chance to exit. Seems to be like every 3 months FMT goes on his crazy Pumping of Keiths companies, next month it will probably $GOLD so might want to be prepared for it.
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from #ff,