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Looks like a ( $INDU ) cross, of the SMA 8:34 is coming up, within the next four or five weeks. Another down turn in the NYSE looks likely. Labor Day weekend is a nice time to drop the DOW. Could be another good reason to move into gold stocks as summer fades into fall and towards the end of the year. IMHO, I am looking for NJMC to move up into the end of the year as opposed to the DOW.
IMHO
Hal
NJMC is screaming: http://www.barchart.com/opinions/stocks/NJMC
Saw this played out late spring and early summer. Had to sell out again as this dilution gonna cause a short explosion in GSS below the public offering price for awhile imho.
Took a position in Timmins this am. Stock broke the yearly high, of 55 cents this am. Vol was 7.3 millions on 7/15/2016 at the time, of the old high. Today's new high, gold's spot price higher, and early morning volume seems a good combination for moving TGD towards 75 cents a share this week imho of course.
Hal
Not that great at math. So, I will post the pr url here and you can come up, with a number too. I think the number is relative to the AU g/ton recovered and how much tonnage is actually processed per month. Here is the pr. I see gold going higher and so will this stock in my humble opinion of course.
http://newjerseymining.com/new-jersey-mining-company-receives-permits-to-initiate-open-pit-mining-at-golden-chest/
Took a position in NJMC around noon today. Will see how this one evolves over the next few months.
Hal
Any estimate on the potential mining results for the open pit mine going forward? They have sold forward some 550 ozs? Is that per quarter? If so, what is the estimated over 550 ozs production they will produce, from this open pit mining operation NJMC just pr'd? TIA
Hal
PS: I owned this stock way back, when it was 75 cents/share, but sold long go.... looks like I survived to trade another day. Looks equally likely a profit might be had here, since this stock is a relatively rare publicly traded gold producing company.
Has this company reported 2nd quarter results yet or date of release? TIA
HAl
Turkey Military Coup in progress. Gold spiked $10 into close. After market gold stocks trading higher mostly.
Turkey Coup in progress. Gold spiked $10 into close. After market gold stocks trading higher mostly.
Timmins after hours last traded $0.62
I never doubted your statement. I wanted to sell and buy more shares at a lower price level. The Brexit vote outcome terminated my hold off in buying GSS later in August. I decided to gamble that Brexit would win, and around the middle of June I bought back in at a lower price per share and have been holding on since. So far so good.
I love it when a plan comes together. Glad I got back in GSS, as Brexit unfolded. World is awash with greed, corruption, and evil doings. Gold seems destined to stay positive this summer. A summer, of firsts for gold. imho
Seems like, if one is contrarian to your calls on GSS and gold they would be making a killing going long on GSS and gold. Me, I am definitely a contrarian. Keep up the good works.
Well, looking at the Brexit becoming more favorable daily, I am back in GSS. Did not want to wait, until this August. Seems a move to $1400/oz is worth the gamble on the 23rd of this month. The Fed is not going to raise interest rates this election year as gold did not take long hitting $1300/oz today. In my opinion I am looking for a move to the upper 80's cent s/p range, with a possibility of shooting past one dollar s/p, if the shorts get squeezed and gold pushed up towards $1450 to $1500/oz on a Brexit win. All imho
We shall see how gold's spot price acts as we close in on the 23rd, of next week.
You could be right. I make money, if the markets go up or down. Gss just made some people money and some lost money this morning. If one would have bought in at 47 cents yesterday they would be up 5 cents this morning. Nice profit on 20,000 or more shares in quick order.
Thanks to the fed speaking out of their back ends. The Yuan banking deal ( http://www.reuters.com/article/us-china-yuan-banks-idUSKCN0YA0Y1 ) that starts this Friday will put inevitable pressure on the dollar to go down. The fed is trying to counter this move by pumping the interest rate hike noise to steady a sinking dollar. This all bodes well for Gold and GSS.
You raise interest rates and people save their money. The economy falters more, inflation goes down, the market drops, the fed drops rates again, and gold still goes up.
If gold goes down under these circumstances as your predict....so what? Short the gold indexes and wait to buy in cheap gold stocks and watch the gold bull take off again. Mean reversions always happen in stock markets. What goes down goes up and the reverse is true.
Make money in the market whether it is going down or up. GSS is a good example.
GSS, first chart in video:
http://www.superforcesignals.com/video/2016may12sfjsf60/2016may12sfjsf60.html
BMO Looks For Gold To Hit $1,400/Oz, Silver Near $21....by the end of this year..
Looks like their investment in GSS could be a long term hold or at least through the end of this year. BMO is jumping on JP Morgan's call from yesterday.
BMO also stated....With its higher forecasts for the metals, bank analysts said they also hiked price targets for shares of gold- and silver-mining companies by an average of 24%....
Good news for GSS.
imho
http://legacy.kitco.com/news/2016-05-12/BMO-Looks-For-Gold-To-End-Year-Around-1-400-Oz-Silver-Near-21.html
I am sorry. I missed your post, however, if you bring your boat back to the dock, I can tie it up. I am still standing on the dock, with a nice profit from GSS. More to come this fall. imho
Gold is falling, time to sit and wait to re-position. Like they say, "take profits off the table and wait to re-enter the market." Works every time in the gold market. imho.
Dr. Frudakis's new gig: http://daindunston.com/innovation-in-desalination-okeanos-technologies/
I like to watch the dollar rollover. Fear is always a good reason to short the markets. Gold up dollar down. Summer is coming and trades get sparser. Always a good time to see the market go down. We will see. Plus, the 0.5% GDP is always a good reason to short markets as the FED cannot hide the economic decline toward a deeper recession. Yellen has run out, of room and she has painted herself in a corner. The Federal Reserve is out of ammo. Unless you count on negative interest rates, but that will drive money into gold, silver and their corresponding stocks instead of pumping up the economy, with more spending. imho
Time for a another move up. May be another move to 40 dollars a share too.
GSS was a great run, from 20s to 80 + cents. Made a nice profit, but I am moving on. Good luck everyone on GSS.
My next play is SRTY....shorting the Russell 2000.
After summer, gold and silver should move higher again...might be back again in August.
Again, good luck all!!
I believe it is equivalent to a 10% dilution. That would cause a reduction in share price.
Royal Gold Reports a 26% Revenue Increase in Its Third Fiscal Quarter...this pr probably was the reason for the after hour pop in s/p.
“Our new streams at Andacollo, Pueblo Viejo, Wassa and Prestea are delivering significant growth and contributed to a 27% increase in operating cash flow over the December quarter,” commented Tony Jensen, President and CEO. “As expected, we are now receiving deliveries of silver in addition to gold from Pueblo Viejo, further enhancing our returns from this quality property. Looking forward, we anticipate production from Rainy River and Cortez Crossroads will provide additional growth and portfolio diversification in the near future.”
http://finance.yahoo.com/news/royal-gold-reports-26-revenue-211500569.html
http://finance.yahoo.com/news/royal-gold-announces-21-increase-220900865.html
Correct. I like to look at any information that can help me.
This looks quite nice moving forward in the near and medium term for GSS.
http://www.barchart.com/opinions/stocks/GSS
I believe a balancing act is going on. People are taking profits and others are buying in. New shorts are coming on board and the older shorts are buying back at lower prices. They in return could buy back in and go long.
Appears to be a lot, of short covering going on, imho.
That was a nice shake out.
Looks like GSS filled the gap, and now turning back up. imho
Bollinger bands tightening up. Once Aroon up/down goes positive GSS should move up, imho.
Could hit one dollar by Thursday. imho
GSS flirting with resistance. Pushing past 0.82. Come on 0.95.
Golden Star Resources Ltd. Forecasted to Earn Q1 2016 Earnings of $0.01 Per Share (GSC)
http://sleekmoney.com/golden-star-resources-ltd-forecasted-to-earn-q1-2016-earnings-of-0-01-per-share-gsc/1116648/
This could be a nice vicious cycle. Shorts have to cover, longs move in, new shorts come on board and get wiped out by emotional buyers hoping they are not left at the train station. The cycle just moves the stock price up, until GSS settles into a new trading range.
Next up is resistance at 0.81. Short covering heating up. Bet they know that they are going to have to cover at 0.81 and above. Shorts are getting jittery as shorting covering getting more aggressive. Probably too late for some big losers.
Wow, look at those shorts trying to hold GSS down. I think your spot on.
Next short position publishing date should be Tuesday then.
http://www.nasdaqtrader.com/Trader.aspx?id=ShortIntPubSch
http://www.nasdaq.com/symbol/gss/short-interest