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The Van Eck Junior Gold Miners is UP .35 to $38.92, while most of the Goldies are DOWN.......... WHY!
I Agfree with YOU....... I am interested in his view on Price of Gold. Whatever happens in the Mid East will have an effect on Gold and OIL...........
Bruce....... I see SHORT interest has increased from july 21 at 6.63 to july 26th, 7.04............
A GOOD interview on the Price of Gold and its potential run to $2,000........ $1,450 discussed as the barrier to cross to start the run to $2,000.
https://www.kitco.com/news/video/show/Kitco-NEWS/2490/2019-07-26/$2000-Gold-Price-Could-Be-On-the-Way#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-NEWS
Rhenium: Critical Mineral to the United States..................
https://www.miningnewsnorth.com/search/Critical_Minerals_Alaska
"The United States NEEDS a stable supply of critical Minerals to ensure United States Economic Prosperity and NATIONAL DEFENSE"
Trump enlists Pentagon on rare earth magnets amid Chinese threat
Bloomberg News | July 23, 2019 | 11:07 am Intelligence USA Rare Earth
Image courtesy of Wikimedia Commons
President Donald Trump on Monday ordered the U.S. Defense Department to spur the production of a slew of rare-earth magnets used in consumer electronics, military hardware and medical research, amid concerns China will restrict exports of the products.
Trump invoked the 69-year-old Defense Production Act — once used to preserve American steelmaking capacity — to remedy what he called “a shortfall” in production of the super-strong magnets made with rare-earth minerals neodymium and samarium.
TRUMP’S ORDERS MONDAY SINGLED OUT MAGNETS MADE OF NEODYMIUM, IRON AND BORON AS WELL AS THOSE MADE WITH SAMARIUM AND COBALT
U.S. capacity to produce the magnets “is essential to the national defense,” Trump asserted in issuing the designations Monday. Without action, Trump said, American industry “cannot reasonably be expected to provide the production capability” for the products.
The Defense Production Act allows the president to prioritize contracts for materials, equipment and services in order to preserve or build up domestic manufacturing capabilities. It has been invoked to compel purchases of semiconductor manufacturing equipment so companies could churn out radiation-hardened microelectronics used by the military — such a niche market that businesses might not have made the investment on their own. It has also been deployed to finance research and procurement projects in lithium ion batteries, lightweight ammunition and other technologies.
Trump’s orders Monday singled out magnets made of neodymium, iron and boron as well as those made with samarium and cobalt.
The action follows a Trump administration report in June asserting that the U.S. needs a stable supply of critical minerals to ensure U.S. economic prosperity and the national defense. At the time, the Trump administration promised to take “unprecedented action” to ensure the U.S. wouldn’t be cut off from supplies of rare earths, a group of 17 obscure but vital elements whose production is dominated by China.
But they will have their foot in door to EXPAND the mine when it needs to be EXPANDED........ Simple business logic..........
NotRich...... The EPA TOP Officials SHOULD get Jail time for the corrupt procedures they practiced on Nak.....
They should get JAIL time also so they know they can't get away with such CORRUPTION, and in the future they can't justify this corruption with any other Company.......... Waiting for President Trump to get this ball rolling..........
Nak is not just going to jump in price in a year or so, there will be many measures taken to ensure ANTICIPATION BUYING FROM NOW TILL THE ROAD IS CLEAR ON NAK APPROVALS TO GET THIS MINE UNDERWAY....... The most important reason to get approvals is for United States National Security. With the distortions in the TRADE with China, we need domestic mining.... To give our country away is nothing but ludicrous.....
Huge Volume, 789,000, in After Hours, closing at .59, up almost a penny............
Bruce......... Remember when Nak is hot as a pistol we had to start from some level. And this .60 level looks to be the starting line........... The Bottom Level was forming at the .50 level and now seems to be a pad of concrete. We may have a little resistance with the RSI at .65 - .70............. We have a long way to go, but it will be an exciting ADVENTURE as we PROGRESS.........
Nak Gang....... Here is an Up to Date Chart on NAK...... 9 SMA has blasted thru the 21 SMA..... Macd is in UPTREND......... WHAT IT SPELLS, BULLISH........ GOOD INVESTING............ LOOK AT THAT TRIPLE BOTTOM................................... CHEERS!!!!!!!!!!!!!!
http://schrts.co/hKxkCmjU
Here YOU go with an up to date Chart on Nak................. Solid gain of 6 percent, and holding gains and increasing them................ Your projections of .30 and .20 are in left field........ NO Proof nor Chart pattern indications................
https://stockcharts.com/h-sc/ui
NAK is holding up its 30.4 Percent GAIN in the last few days....... From .46 to NOW .60, 30.4 PERCENT GAIN........... The NAK chart has turned YOUR .30 and .0002
GOOF into Total B/S......... And, the BEST is yet to come....... IT WILL BE FUN TO WATCH PRESIDENT DONALD J. TRUMP SINK HIS TEETH INTO KNOCKING OUT THE TREE HUGGERS ON THIS IMPORTANT PROJECT................. The battlecry, Making Pebble Great for National Security............
DID YOU FORGET WE HAVE PRESIDENT DONALD J. TRUMP THAT IS SPEARHEADING THIS PEBBLE ADVENTURE. .30'S - .0002'S ARE GOING TO GET CLOBBERED..........
The news that hit today is now on Kitco.... News is widespread now........ Should be a great day tomorrow with Nak trading............
https://www.newswire.ca/news-releases/northern-dynasty-us-environmental-protection-agency-re-starts-process-to-withdraw-obama-era-proposed-determination--826421392.html
Stargazer......... Looking at After Hours, Nak had 60,000+ Shares traded. Have not seen that type volume in a very long time...... Should be a banner day tomorrow.......
\
NotRich.......... What happened to .30 and .0002.......... Missing in Action!
NotRich....... I agree, a long haul pull, but once the needed Permits are in place, Nak will be on its way North........ I agree, the day to day jiggies cannot map the entire move, but right now, we have a triple bottom in the Mid 40's, and the 9 SMA has broken thru the 21 SMA which is Bullish. The volume is enormous....... People are reaching for the stock and eating away at that overhead. So technically we are OFF the BOTTOM.........
Trump wants to get away from the China RARE METAL Imports, so we know that he wants Domestic mining, and will not put up with the ridiculous tantrums of the Tree Huggers....... Science will Lead the Way with Pebble............
NotRich......... GREAT NEWS..... The pieces of the puzzle are falling into place........... You have been a STALWART figure on this Board...............
Nak TOP STORY ON MINING .COM.......... NEWS GETTING OUT........... HOLD ON TIGHTLY..........
https://www.mining.com
NotRichl........... The INSIDERS have a buying head start.........
NAK is Eating thru the OVERHEAD.......... Incredible............
Flying A......... Price of Gold Down $9.20............. NAK UP 27.6 Percent....... MMMMMMMMMMMM
A PICTURE IS WORTH A THOUSAND WORDS..................
Did anyone say .30's????????????????
http://schrts.co/BqJsIMZr
Should have sent the Environmentalists to Alaska to knock out the Japs in 1943..........
https://www.history.com/topics/world-war-ii/battle-of-the-aleutian-islands
Go Nak Baby, Go...........
Stargazer....... Excellent Post...... And to think about it, there were oil tankers torpedoed along the East coast of the United States carrying oil from Texas around Florida during World War II, up the east Coast bringing the lifeblood of the war effort to ports to be shipped overseas...... Thinking of that oil that went down with tankers, where is that OIL today....... Imagine when the German U-Boats were sinking oil tankers how long it would be today to build the INTERIOR pipeline from Texas to Perth Amboy to safeguard the oil for the War Effort....... The Nazis would have probably won the war due to the Environmentalists doing their tantrums...... Congress would have been in a state of numbness due to them............. And to think, China today has a hold on RARE MINERALS because Congress is locked in a Braindead quandary of doing NOTHING........ Kicking the can doing nothing........
Zilidlum.......... The NEW BATTLECRY:
"TO END MINING YOU MUST STOP USING AND PURCHASING ALL THINGS MADE WITH METAL"...................
LET'S SEE IF THE SHORTS ON THE BOARD stop buying cars and motorcycles....... maybe they will sell their houses and move into tents to conserve Copper Pipes........
This article just emphasizes the National Security of Domestic Mining in the United States..... Anyone thinking otherwise, is misled..... National Security is a prime indicator of development or Rare earths.......... Think of Rhenium from Pebble, and a valuable resource such as Copper.........
https://www.mining.com/web/us-military-firms-likely-to-face-china-rare-earth-restrictions-global-times/
Chart at brink of 9 SMA crossing thru 21 SMA......... Breaking thru would be probably be .52 - .53.......... Bullish..........
Go Nak Baby, GO!!!!!!!!
http://schrts.co/hFMKDeyM
NotRich....... Tried three times to register, however not able to reach web site. Please advise.... thanks.............
Looks like .20 and .0002 are in the REAR VIEW MIRROR........ Go NAK..............
http://schrts.co/hFMKDeyM
Gary........... The NAK puzzle pieces are falling into place........ Thanks for posting this Letter...... And for your INITIATIVE..................
AM-PM Roundup
Gold Bulls Flex Their Muscles As Persian Gulf Tensions Rise
Jim Wyckoff Jim Wyckoff
Thursday June 13, 2019 12:49
Kitco NewsShare this article:
(Kitco News) - Gold prices are firmly higher in midday U.S. trading Thursday, boosted on safe-haven buying interest on news of another attack on big ships in the Persian Gulf region. August gold futures were last up $6.90 an ounce at $1,343.70. July Comex silver prices were last up $0.127 at $14.88 an ounce.
The marketplace is a bit uneasy late this week after reports two more ships in the Persian Gulf area (this time in the Gulf of Oman) were attacked by smaller gunboats, and/or possibly even a torpedo. U.S. Navy ships are reportedly now protecting some oil tankers in the region. Oil prices are higher today on the news. Right now tensions in markets are not real high, but this situation could escalate very quickly if Iran and the U.S. have a direct military confrontation. Gold prices would probably spike sharply higher in such a case.
Gold gained today despite European and Asian stock indexes that were mostly firmer. The U.S. stock indexes are also modestly higher at midday. Notions of more accommodative monetary policies from the world’s major central banks, amid generally very low inflationary pressures globally, are supporting world stock markets recently. That’s also supportive for the meteals.
The key “outside markets” today see Nymex crude oil prices higher and trading around $52.25 a barrel, on the Oman Gulf news. Still, worldwide supply and demand fundamentals for crude oil favor the bears. Meantime, the U.S. dollar index is slightly up in early-afternoon U.S. trading.
In other overnight news, Switzerland’s central bank held its monetary policy steady, but did signal rate cuts are possible at future central bank monetary policy meetings.
Live 24 hours gold chart [Kitco Inc.]
Technically, August gold futures prices closed near the session high today. The bulls have the firm overall near-term technical advantage and are having a good week. Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at the February high of $1,361.50. Bears' next near-term downside price breakout objective is pushing prices below solid technical support at $1,310.00. First resistance is seen at $1,350.00 and then at the June high of $1,352.70. First support is seen at today’s low of $1,335.90 and then at Wednesday’s low of $1,329.80. Wyckoff's Market Rating: 7.0.
Live 24 hours silver chart [ Kitco Inc. ]
July silver futures prices closed near the session high today. The silver bears have the overall near-term technical advantage. Silver bulls' next upside price breakout objective is closing prices above solid technical resistance at last week’s high of $15.15 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at the May low of $14.265. First resistance is seen at $15.00 and then at $15.15. Next support is seen at this week’s low of $14.625 and then at last week’s low of $14.565. Wyckoff's Market Rating: 3.0.
July N.Y. copper closed up 40 points at 265.85 cents today. Prices closed near the session high today. The copper bears have the solid overall near-term technical advantage. Prices are in a seven-week-old downtrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 277.75 cents. The next downside price objective for the bears is closing prices below solid technical support at the January low of 256.10 cents. First resistance is seen at Wednesday’s high of 267.30 cents and then at this week’s high of 270.20 cents. First support is seen at this week’s low of 262.55 cents and then at 260.00 cents. Wyckoff's Market Rating: 2.0.
By Jim Wyckoff
For Kitco News
NotRich...... I agree with you that NAK is going to GO A LOT HIGHER, but it i going to take a lot of ZIG ZAGS and DETOURS getting to it PEAK........ There will be a lot money made between Chart Patterns.
NotRich............ This investing stuff is a "SHOULD OF" Business.......... The old story when it was EL Cheapo, I should have...........
Thanks for all your good Input..........
A PLUS here, is the DOUBLE BOTTOM at the .42 - .44 levels...............
In my post of 18449 it was a mystery to me why the Nak stock was NOT going upward=. Now the chart is getting more Bullish with the MACD going thru the Zero Line, and the 9 SMA turning UP thru the 21 SMA. Just needed a few days more to change the picture......... If there is anyone with some dry powder in reserve, may be a good time to BUY.........
http://schrts.co/wdKybsec