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Near term patterns bullish?


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#31 dharma

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Posted 24 September 2018 - 11:03 AM

yes, it creates a very interesting set of circumstances

the majors have refrained from spending money.  they have been running their highest grade reserves.  which have been depleted over the last 6-7 years. 

so, they should be on the buy.  juniors are ridiculously cheap.  lets see if this ignites a feeding frenzy

dharma

novo should be reporting soon.  they are cashed up and have been buying tracks of land around the pilabra area.  so have the other juniors in the area w/pacton 

having acquired a huge land mass in the desirable area. artemis and degrey mining have been doing the same. 

novo has enough cash to build out its mine so it doesnt need to come to market hat in hand for money.  if you believe Q henigh  they have the goods  

so when they reveal their drill holes we will find out. i have slowly accumulating them . as i believe QH he was head geologist at newmont and is a very well known

geologist.  we will see

dharma



#32 senorBS

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Posted 24 September 2018 - 11:56 AM

yes, it creates a very interesting set of circumstances

the majors have refrained from spending money.  they have been running their highest grade reserves.  which have been depleted over the last 6-7 years. 

so, they should be on the buy.  juniors are ridiculously cheap.  lets see if this ignites a feeding frenzy

dharma

novo should be reporting soon.  they are cashed up and have been buying tracks of land around the pilabra area.  so have the other juniors in the area w/pacton 

having acquired a huge land mass in the desirable area. artemis and degrey mining have been doing the same. 

novo has enough cash to build out its mine so it doesnt need to come to market hat in hand for money.  if you believe Q henigh  they have the goods  

so when they reveal their drill holes we will find out. i have slowly accumulating them . as i believe QH he was head geologist at newmont and is a very well known

geologist.  we will see

dharma

Novo I look at as a very "spec" play and I own a little bit with a few other explorers, I am getting old and I much prefer "safer" plays, I loaded up last week on KL when the news came out GDXJ was selling all its shares because KL had become to large. There has been a lot of pressure on this stock which is excellently run and has almost nothing but good results, makes money with no debt and over 300 mil in cash. 

 

Senor



#33 dharma

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Posted 24 September 2018 - 02:21 PM

 

yes, it creates a very interesting set of circumstances

the majors have refrained from spending money.  they have been running their highest grade reserves.  which have been depleted over the last 6-7 years. 

so, they should be on the buy.  juniors are ridiculously cheap.  lets see if this ignites a feeding frenzy

dharma

novo should be reporting soon.  they are cashed up and have been buying tracks of land around the pilabra area.  so have the other juniors in the area w/pacton 

having acquired a huge land mass in the desirable area. artemis and degrey mining have been doing the same. 

novo has enough cash to build out its mine so it doesnt need to come to market hat in hand for money.  if you believe Q henigh  they have the goods  

so when they reveal their drill holes we will find out. i have slowly accumulating them . as i believe QH he was head geologist at newmont and is a very well known

geologist.  we will see

dharma

Novo I look at as a very "spec" play and I own a little bit with a few other explorers, I am getting old and I much prefer "safer" plays, I loaded up last week on KL when the news came out GDXJ was selling all its shares because KL had become to large. There has been a lot of pressure on this stock which is excellently run and has almost nothing but good results, makes money with no debt and over 300 mil in cash. 

 

Senor

 

kl is run by eric sprott, kl and eric sprott are huge investors in novo

so owning kl you own novo

dharma



#34 senorBS

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Posted 24 September 2018 - 04:05 PM

I understand that but with KL I get a very good and profitable  company without Novo so I'd prefer to go that route. Novo had an awful presentation today and got whacked, this story is becoming a big question mark, the CEO seems a bit whacked, my dos centavos

 

Senor



#35 Smithy

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Posted 24 September 2018 - 06:00 PM

McEwen says It's the Invisible Gold Bull Market.

 

(He's impressive)

 

http://www.kitco.com...als-Summit-2018



#36 Russ

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Posted 25 September 2018 - 03:24 PM

Silver continues to break out of it's downtrend from June... 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#37 dharma

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Posted 26 September 2018 - 11:12 AM

I want to remind you what Frost & Prechter have noted about 2nd waves in The Elliott Wave Principle:

“Second waves often retrace so much of wave one that most of the profits gained up to that time are eroded away by the time it ends. . . At this point, investors are thoroughly convinced that the bear market is back to stay.”

avi gilbert

as senor has been pointing out there is a clear 5 up off the lows.  yet , i want the market to prove we are going up ie impulsing higher .   https://seekingalpha...tRoadblock=true

the fed today the key is the wording. its widely expected they will raise

dharma



#38 senorBS

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Posted 26 September 2018 - 12:48 PM

 

I want to remind you what Frost & Prechter have noted about 2nd waves in The Elliott Wave Principle:

 


“Second waves often retrace so much of wave one that most of the profits gained up to that time are eroded away by the time it ends. . . At this point, investors are thoroughly convinced that the bear market is back to stay.”

avi gilbert

as senor has been pointing out there is a clear 5 up off the lows.  yet , i want the market to prove we are going up ie impulsing higher .   https://seekingalpha...tRoadblock=true

the fed today the key is the wording. its widely expected they will raise

dharma

HUI/Gold ratio now has a clean 5 up daily IMO off the 2nd most extreme reading since 1995, we see

 

Senor



#39 Smithy

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Posted 26 September 2018 - 03:57 PM

The gold bull peaked Tues 9/6/11 and the HUI bear low so far is Tues 9/11/18, 7 years and 1 week later.

 

The EW orthodox gold bull peak was 8/22/11 and the gold low to date 8/15/18, 7 years later less a week.

 

It's that seven year Thing.



#40 senorBS

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Posted 26 September 2018 - 05:57 PM

The gold bull peaked Tues 9/6/11 and the HUI bear low so far is Tues 9/11/18, 7 years and 1 week later.

 

The EW orthodox gold bull peak was 8/22/11 and the gold low to date 8/15/18, 7 years later less a week.

 

It's that seven year Thing.

 

Smithy, the HUI bear low was in Jan of 2016, the gold low was in Dec of 2015 - Happy hour comes early?flowers.gif 

 

Senor