snook holds the joaquin project against management,coeur bought out its joint venture partner mirasol for half cash and shares using now very high priced shares,this is 60mill ozs silver plus gold and is a large land package and close to martha mill-the other day i was reading the grades at martha way back and they were 127oz per ton--lejano is part of martha and joaquin close by-if silver gold stays cheap focus will shift to high grade deposits and mines-santa cruz is prolific and auy is building very close to joaquin- coeur used to ship high grade to martha mill from cerro bayo- silver dictates and grade is king
well Geo, the long and winding road doesn't necessarily mean happy trails. But I'm sure we wouldn't regret taking it anyway, eh?
This type of news should be making the whole sector move yet the miners are all trading at 60% of book. Silvercrest was bought at a nice premium to book. Frankly, I can't belive that we are not seeing more buyouts
Doji: Long-legged doji have long upper and lower shadows that are almost equal in length. These doji reflect a great amount of indecision in the market. Long-legged doji indicate that prices traded well above and below the session's opening level, but closed virtually even with the open. After a whole lot of yelling and screaming, the end result showed little change from the initial open.
After a decline or long black candlestick, a doji indicates that selling pressure may be diminishing and the downtrend could be nearing an end. Even though the bears are starting to lose control of the decline, further strength is required to confirm any reversal. Bullish confirmation could come from a gap up, long white candlestick or advance above the long black candlestick's open. After a long black candlestick and doji, traders should be on the alert for a potential morning doji star.
Signs of a POTENTIAL reversal area in other commodities.
NEEDS to close as doji and requires CONFIRMATION and FOLLOW THROUGH.
NOT A REC. I am long none of these, tho I keep all energies/energy-trelated on radar as much as possible.
For NUGT, will probably wait until it break near-term resistance to add heavily, and still may only trade intraday (upside) IF THAT OCCURS.
MOST shares purchased in the 3's (3.20's, 3.40's, .70's, 3.80's with some trading and cost basis still in 4.60's).
Again, mentioned VXX VXZ UVXY TVIX in recent days. TREACHEROUS MARKETS WHEN volatility indices are rising from EXTREME LOWS.
Also note SDS DXD QID (inverse of SPY DIA QQQ).
In NUGT, CDE
Some may trade the pennant/triangle or whatever pattern forms...
HOWEVER, as I mention repeatedly, I do not HOLD large number of shares without confirmed uptrend...I may TRADE heavily, but I do not HOLD all shares.
CDE NUGT GDX GDXJ pulled back from a slight (3 or 4 day) resistance area.
Personally believe a pennant or similar pattern is forming in miners.
Personallly NOT SURE if gold will test lower so I continue to post I do NOT hold all shares, but AM expecting more upside in miners in coming weeks....once near term resistance is broken. If I am INCORRECT, will sell my 'additional shares' and hold cash or watch for other areas of strength, including shorting major indices IF they 'deserve' it.
Personally believe market may be transitioning to commodities, as even Goldman suggested might happen in 2nd have 2015.
Meanwhile, imo, best to trade VOLATILTY (upside/downside) or stay out off market when technicals AND fundamentals are unclear, UNLESS ONE TRADES strategically and prevents large losses.
I actrually shouted at at friend on Saturday in order to expalin the dangers of normalcy bias. We should never be fearful, but instead be 'simple as doves, wise as serpents.'
Speaking with larger and larger number of people who are accumulating property, WATER and food/food sources.
Even for potential TYPICAL disasters, eg., flooding, outages, etc., ordinary folks should be prepared.
Those who have been crying 'wolf' for decades are no longer heeded. I told a friend today, my opinion is the wolf is already at the gate. I do not know when/if he will enter, but it does not harm to have a little extra food and water. We do not have money to hoard or to buy exotic, safe properties...Pray and Work~ Love God and Neighbor~
look at what happens when this vcar fraud shows up. This is criminal activity and it has been going on for years.
You are going to get hammered if gold goes down. In a bear market, particularly in the 5th wave down on gold, you are either in and out, or short until a bottom is confirmed. With Gold, I saw it recovering on Friday, and bought a mere 2,000 shares of CDE at $3.43, and quickly cashed them in at $3.99, missing the top by about .20 which hit ugly downtrend resistence. Now, it's turning bearish again, and the hammer on Friday has made it's move, quite possibly fulfilled it. Now, where's it going? $3.00?
For Pete's Sake, get into the restaurant sector. Don't cut yourself up continuously with a falling knife!
Spare smarter experienced market pros your PUMP NONSENSE....nothing more than yet another contrived PUNY DEADCAT BURP in this typical FATALLY WOUNDED silver/gold pile of penny puke, aiming to SUCKER amateur DUPES into buying even more WORTHLESS CALL options in these rotten silver/gold doggies!!!!
By contrast, the JUNIOR silvers/golds look AWFUL today, and as I tried to educate amateur SUCKERS, until you see SUSTAINED CONSECUTIVE and STRONG UPMOVES In the silver/gold JUNIORS, then ALL these OBVIOUS DEADCAT BURPS are contrived by the slimy wall street club to SUCKER ZERO IQ silver/gold BOOBSTERS into buying even more WORTHLESS CALL options in the DYING USELESS sector!!!!
When will you LOSERS ever figure out how the sleazy wall street club REALLY operates???? Duuuuuuuhhh??? ROFLMAO
Doji (thus far) on FXE, so metals may show some interim weakness in metals, NUGT, JNUG, GDX GDXJ (slight resistance area just above).
Meanwhile, CVX 88.88
and a drop outta lower BB.
COULD push through to upside. Might be a few days/daze ... if UUP catches some strength (dollar). Econ news
(including 'alleged' news, from the liars and manipulators of our nation and our world) on radar this week.
On radar: GASL li'l doji (a ce moment)
UNG/UGAZ and nat gas futures
USO retest previous low. USO/UWTI and crude futures
Individual energies, including some coals again and some u stocks. (See ETF URA).
In small biotech, lookin' to add/re-add or re-enter several.
Prayers for Our Nation and Our World