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MJ ETF within a hair of breaking support ...
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=mj&insttype=&freq=1&show=&time=7
Some rumors beginning to circulate that Shenzhen city may be entering a lock-down period - very bad news for tech companies if Shenzhen goes offline.
Some select Jr. miners doing very well recently - much better than what the GDX, GDXJ, HUI would imply - but you really have to dig for the info to see whats happening ... some examples ...
* BTG .....
* CAL .....
* CNL .....
* DRD .....
* EQX .....
* HMY ....
* KNT .....
* LUG .....
* NG .....
* TGZ .....
* WDO .....
Some select Jr. miners doing very well recently - much better than what the GDX, GDXJ, HUI would imply - but you really have to dig for the info to see whats happening ... some examples ...
* BTG .....
* CAL .....
* CNL .....
* DRD .....
* EQX .....
* HMY ....
* KNT .....
* LUG .....
* NG .....
* TGZ .....
* WDO .....
Sentiment drives markets ... sentiment for pot, hemp, cbd right now is somewhere between "dead" to "toxic" - see Pot etf charts and chart action in aprox. 99.3% of pot, hemp, and cbd charts for proof.
You need alot of permitted water to wash alot of gold... commercial gold recovery is water intensive.
Aurora stock dumps after plans disclosed to lay-off 10% of workforce - following Tilray lay-offs ....
https://www.marketwatch.com/story/aurora-cannabis-stock-slides-on-report-of-plans-to-cut-10-of-workforce-2020-02-06?siteid=bigcharts&dist=bigcharts
Time for WSRC to bring the sluice-boxes out of storage.
HMMJ.to is still riding below the upper resistance downtrend line ... Tilray just layed-off 10% of it's workforce yesterday ... basing period may last 1 to 2 years ... US pot business not going anywhere until the US federal govt. makes serious/legitimate move to legalize - which looks unlikely to be soon, as pharma lobby has US politicians in it's pocket - and US pharma has very deep pockets.
The Pot market is dead ... just check the Pot ETF's ...
* HMLSF ETF .....
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=HMLSF&insttype=&freq=1&show=&time=8
* MJ ETF .....
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=mj&insttype=&freq=1&show=&time=8
At this point in time they may be better off going back into the mining biz, as some of the Jr. Gold miners have seen some doubles & triples, and more recently
Can Palladium push higher? .... currently blowing a big candle, and pushing up near key resistance ....
http://schrts.co/WegmAtQT
China bans "short selling" ... the writing on the wall; desperate intervention needed to keep their markets/economy from imploding ...
https://www.zerohedge.com/markets/containment-pboc-plans-massive-liquidity-injection-halt-china-market-collapse-re-open
China bans "short selling" ... the writing on the wall; desperate intervention needed to keep their markets/economy from imploding ...
https://www.zerohedge.com/markets/containment-pboc-plans-massive-liquidity-injection-halt-china-market-collapse-re-open
Anyone with 1/2 a brain has already taken profits ... much better value plays out there to take profits from PGVI and roll them into a better play, imo.
BREAKING: Wenzhou, a city of 9 million in Zhejiang province, bans people from leaving their home in effort to stop coronavirus; 1 person per family can leave every other day to buy basic needs ....
BREAKING: Wenzhou, a city of 9 million in Zhejiang province, bans people from leaving their home in effort to stop coronavirus; 1 person per family can leave every other day to buy basic needs
— BNO News (@BNOFeed) February 2, 2020
🇨🇦#CoronaVirus ... and it's all of China. Wuhan is so central. Hmm. @RealDavidJensen @ezralevant @CPC_HQ @MichelleRempel @LeonaAlleslev @CandiceMalcolm @brianlilley @TuckerCarlson @billtufts @Manny_ottawa @Sun_Q_Tzu @2runtherace @1FreeInhabitant https://t.co/C02RslH2k4 pic.twitter.com/uCNOB9gucv
— Truth (@pdf00587301) February 2, 2020
FED caught in monetization-debt trap ... if it tries to exit, interest rates surge, and the stock market bubble pops ...
https://sprott.com/insights/sprott-gold-report-no-way-out
FED caught in monetization-debt trap ... if it tries to exit, interest rates surge, and the stock market bubble pops ...
https://sprott.com/insights/sprott-gold-report-no-way-out
For those that don't know ... the Paper Gold market roughly churns the equivalent Dollar volume of the entire "annual" Gold mining production "every week" ... so the trading commissions the Paper Gold Masters make from their Alchemy business is extremely extremely lucrative - even though their Paper Gold business is toxic for the physical Gold price discovery process and is also toxic to the mining co's.
Don't know ... purely just looking for chart/price/sector plays right now in anticipation of Gold moving higher over the coming months ... looking at some junk penny Gold stocks as potential option-type leverage plays that don't have short-term expiry dates like the majors - not much to pick from, as these Pink Sheet Gold co's all look like toxic waste - but a stock market meltdown & and a surging Gold price might lift some of the junk - no position here, just looking thru the trash.
So these guys are the new owners of the Bralorne mine, apparently.
Bralorne Camp = #1 top Gold producer in entire history of BC Gold mining... the high grade is still down deep where the old-timers left off, but the old underground mine infrastructure requires a near-full rebuild before the old workings can be reactivated, imo.
The stock needs 5 million to 10 million a day in sustained volume to move price in a meaningful way, scam or no scam.
The Paper Gold business of the LBMA and COMEX is the evolution of ancient Alchemy perfected with paper ... the old Alchemist's would never have dreamed that Alchemy would eventually be perfected with paper...
https://en.wikipedia.org/wiki/Alchemy .....
Alchemists attempted to purify, mature, and perfect certain materials, IE; the transmutation of "base metals" (e.g., lead) into "noble metals" (particularly gold).
Mystery Buyer Makes Huge Options Bet on Gold Hitting $4,000 .....
https://moneymaven.io/mishtalk/economics/mystery-buyer-makes-huge-options-bet-on-gold-hitting-4000-3NnEBcYHHkGdNihGZo-aaA
China Extends Stock Market Closure Amid Virus Fears ...
https://www.caixinglobal.com/2020-01-28/china-extends-stock-market-closure-amid-virus-fears-101508903.html
The calm before the storm? ... stock market about to catch the flu? ...
The original Knockout Punch drink had alot of potential ... Red Bull owner in the top 100 richest people on planet & Monster Energy a $36 billion market cap ... but reading Gouldings CEO release PR states he was barred from being involved in another CBD business, so clearly Goulding valued the security of his POTN CMO job more than building a stand alone CBD drink co.
All these acquisitions since Knockout Punch really just a demonstration on how to loose/dilute your focus before building the base of a successful business.
When Goulding lost his CEO job at POTN, this co has been not much more than a slow motion train wreck.
If you think the value of your shares look bad now, probably going to look alot worse a couple months after the reverse split.
Be careful about putting any real money in ill-liquid stocks like these ... the problem when buying volume here is; if you need to sell any real volume, you will crash the price to get your money out.
That's the way it works with scam companies ... put out a little bit of hope - get suckers to buy defacto lottery tickets - quickly unload junk paper before dupes realize they are bag holders.