1289 replies to this topic

[senorBS]

failure of miners to outpace metals IS a concern

 

don't think so as I reviewed a lot of Miner/Gold ratio charts and to my eyes they look to be at or near completion of a significant correction, we see

 

Senor

[dougie]

 

 

 

 

dharma,good morning. What date comes after the March/April high?

smithy, i like to see my cycles pan out first. then if necessary make adjustments so , w/that said i see turns june , sept , nov/december to go out on the highs for the year.  as i said lets see if this pans out. 

this low due next week  , is significant , in that it marks the turn to the run,  i dont think it causes much price damage.  i look at it more as a coiling for a thrust. the thrust will , in my view, be most significant in the miners.  low grade producers will be the big beneficiaries of gold putting the 1500s in the rear view mirror.  eg chpgf is a low grade potential mine w/vast resources . all of a sudden it becomes a potential cash cow. . riefel is no stranger to this , this is not his first foray into the space . he has made alot of money for people  so i think he holds out for much higher prices . for me the beauty of his business acumen is he is not in this to build a mine , he is in it to sell the property w/o spending money  beyond having a pea done. other juniors dilute their shares by spending money.  so by the investment is earning money , the shares are so diluted it takes hitting the ball out of the park to make money.  seabridge gold is another management team w/a very similar philosophy.   

dharma

 

well said amigo and I totally agree, we are close, I see some modest downside/sideways action next week as we come into what I believe will be a final low before liftoff. I will look to do a little adding to stuff I like on weakness, 

 

Senor

 

share any recent favorites Senor? Still looking to add to select silvers

 

KL (Kirkland Lake) has gotten killed past week or so, probably a lot of previous DGC shareholder shares being sold after recent buyout completion. Some folks don't like the purchase but I do as IMO it provides great leverage to gold price and they bought a lot of gold in ground and current production. Concern is margins which are phenomenal at KL may go down but the added leverage from this very well run company IMO is very good. Like it down here sub 37 - hit 35.33 on Friday.as always DYODD

 

also added SILJ this morning sub 10.63

 

Senor

 

mahalo

[dharma]

i wonder if the official chinese #s for those infected w/the virus are accurate? like all govt stats they
are probably not really accurate
waiting and waiting
dharma

[wxman]

Let's see how long Gold stays on this trajectory...

https://stockcharts....12046&cmd=print

 

Edited by wxman, 10 February 2020 - 05:28 PM.

[wxman]

Nice cycle here:

https://stockcharts....94951&cmd=print

 

FSAGX similarities to 2001-2002

https://stockcharts....39402&cmd=print

Edited by wxman, 10 February 2020 - 05:44 PM.

[dougie]

Let's see how long Gold stays on this trajectory...

https://stockcharts....12046&cmd=print

 

i couldnt understand the writing in Blue in that chart but i sure salivate over the log curve. Not holding my breath

[dharma]

Let's see how long Gold stays on this trajectory...

https://stockcharts....12046&cmd=print

 

n

ni90ce job wxman  i appreciate your work. it coincides w/my cycle work , which shows the cycle has right translated and is about to express the 90/10 rule for cycles.  money has/is coming out of bonds, no surprise there 0 or negative rates dont offer investors a return so the stock market has been the big beneficiary. this is a great chart. the market has been propelled higher by fewer and fewer stocks  , very similar to the 2k advance https://pbs.twimg.co...=png&name=small    Sixty-seven percent of the S&P 500’s year-to-date returns come from just four names: * Microsoft: 28% * Apple: 15% * Amazon: 13% * Google: 11%. good to have skepticism but this sector ie pms is about to shine. and surprises in a bull are on the upside. martys thesis of government vs private is coming into play governments are not as trusted as they once were , not that long ago. and the euro is the weak link. https://pbs.twimg.co...jpg&name=medium  that whole thing was a bad idea  Britain is lucky to have gotten off that titanic its going to sink

dharman

[gannman]

nugt above 34 and the party begins imo

[senorBS]

added a little more SILJ at 10.55, as always DYODD

 

Senor

[linrom1]

 

large 5 wave down towards 16?