55 replies to this topic

[dharma]

gold/silver are in flag or pennant patterns.  which are continuation patterns. . so once the pattern is complete , the market goes.higher.  

http://www.businessi...l-policy-2016-8

w/the current course the cbs have embarked on they are out of ammo

fridays job reports #s . http://www.zerohedge...onal-adjustment

w/the miners making new highs, it tells me new highs for the metals are coming

dharma

[dharma]

gdx/gld making new highs today!  this is what happened in the march /april time frame and then the gld made new highs. miners lead up and down

so they will lead now on the upside

 dharma

[dougie]

gdx/gld making new highs today!  this is what happened in the march /april time frame and then the gld made new highs. miners lead up and down
so they will lead now on the upside
 dharma

Umm, check again?

[johngeorge]

GSV  up 32% this am.  Anyone any news on this?  Thanks.

[dharma]

yes, sir  gsv had a big strike 3.95 g au/ton for 126.2 meters.  they will be taken out at some point  2 majors each on 10% let the bidding war begin

gold is in a pennant or triangle.  w/no new catalysts it remains well bid, but nothing to push it over the 1358 resistance 

but, the 20 yr bear market of miners/gold is showing signs of ending

http://www.graceland...16aug9xaug1.png  note we are still only in the area of the 2008 lows.  

here is the chart of miners/silver   http://www.graceland...16aug9xaus1.pngsilver is more inflation sensitive. 

my take is whoever wins the election stagflation will rise

right here  right now is a time to make sure i am not overextended.  if  jackson hole, the us election, the french election, and the italian referendum  dont kick in and provide a catalyst and we correct i want to have resources to  buy . we are at a time in between. before diwali buying also

dharma

[dharma]

 i want to have cash in the event there is a pullback so i sold 2 under performers. i am feeling the markets anxiety here.  

in a bull market when miners make new highs, the metal will follow and make new highs. its one of my top rules.(based on observation and experience)

dharma

[johngeorge]

Thank you dharma

 

I own OCANF and I just went to their web site and found a news release dated 6 Feb 2016 where they stated they increased their ownership position in GSV to 19.9%.  Could be OCANF is at least one miner bidding up the shares. 

 

Full disclosure:  I own shares of GSV and OCANF

[dougie]

You mention new highs in miners Dharma
Am I missing something?

yes, sir  gsv had a big strike 3.95 g au/ton for 126.2 meters.  they will be taken out at some point  2 majors each on 10% let the bidding war begin
gold is in a pennant or triangle.  w/no new catalysts it remains well bid, but nothing to push it over the 1358 resistance 
but, the 20 yr bear market of miners/gold is showing signs of ending
http://www.graceland...16aug9xaug1.png  note we are still only in the area of the 2008 lows.  
here is the chart of miners/silver   http://www.graceland...16aug9xaus1.pngsilver is more inflation sensitive. 
my take is whoever wins the election stagflation will rise
right here  right now is a time to make sure i am not overextended.  if  jackson hole, the us election, the french election, and the italian referendum  dont kick in and provide a catalyst and we correct i want to have resources to  buy . we are at a time in between. before diwali buying also
dharma

[dharma]

here is the swiss national banks  1billion dollar mining portfolio

https://smaulgld.com...share-porfolio/

interesting to see how many juniors they have

dharma

[dharma]

dougie last week the gdx and gdxj made new highs for this move not so for gold

dharma