Pre-market $1.76 with another small (1000) volume.

Pre-market $1.70 with 500 volume. hmm

My immediate targets are:
1.68
1.76
1.87
2.04
Depends on the morning trades, I will decide my short term target. I most likely hold my positions onto the weekend.
I think while USA celebrates July 4th, rest of the World (Asia, Europe and rest of Americas will continue pushing the precious metals higher. IMHO

Whether get out or ride out is a tough questions. Really quick massive again and I can use some pull backs but Silver just broke the key resistance $18.50, she may continue the run all next week which is unlikely but I don't wanna miss out a huge gap run towards $3... lol

Is this a setup for another big smash down or they let JPM free because they are now ready to raise the PM price?

http://www.kitco.com/news/2016-06-30/Report-Judge-Dismisses-Silver-Rigging-Lawsuits-Against-JP-Morgan.html

Let's see if AG can close above $18.50 today. :D

What a wonderful day~

Last time when Silver broke $18.50 in August 2010, it took 6 months to reach $48-$49. This time, it may go faster and higher.
Hi~Ho~ Silver, away!!!!!!!

Back in August 2010, when AG broke $18.50, it only took 4 months for AG to reach $30/troy oz, and only 4 another months to hit $48.50.

HI HO SILVER AWAY~ :D

Today is the AU AG future expiration day. CME group did the margin hike yesterday which is an obvious tool to suppress the metal price.
If AXU hangs tight by eod, I think she starts to fly from tomorrow~ IMO

I think today is the Gold and Silver COMEX future expiration date. They hiked the margin yesterday in order to suppress the price.

Jumped back on the AXU train yesterday. I hope I'm right this time. lol

http://www.kitco.com/news/2016-06-27/CME-Group-Increasing-Margins-For-Comex-Gold-Futures.html

Yeah, I'm surprised that AXU isn't breaking 1.40... It may break by the EOD but so far, I am not too stressed and I didn't really miss the CHOO CHOO train. Had UK remained in the EU, I could imagine gold and silver was smashed down hard so my risk assessment was working okay I guess. Time will tell LOL

KABOOOM! My silver stack looks so shiny after BREXIT. I wish I held AXU shares. LOL

AXU CHOO CHOO TRAIN is leaving without me. LOL

Look how media is manipulating the sheeple. Precious metal gets hit as Brexit fear eases? BULLCHIT! But I took a profit and all out FYI:
from 1.12 to 1.31 and I'm going to reload more shares next week hopefully. I predict that Britain will stay in EU and gold and silver will be smashed hard on Friday after news of Brexit result. The blood shed may/will continue all next week as this is the COMEX option expiry month for both silver and gold. JMHO

Trade at your own risk. I may look fool after the brexit results. lol

AXU EOD $1.38 up 6.98% with a fairly larger volume than the past few weeks~ I like it, too. ;)

I know it's stupid to think this way, but to me, AXU is currently valued only for the Elsa tailings. The rests of mineral resources and the value of the environmental services business are not taken into the consideration in the market cap, IMO.

Reference: Elsa Tailings

Would be nice to hear some surprises, too.
-Drilling update
-Permit process update
-Mining update
etc.

Destabilizing Europe is definitely good for the precious metal IMO

HAHA, silver is going higher in Asian market. I think AXU will break above 1.40 easily if silver continues
to raise.

June 23rd, the BREXIT vote will be a key here IMO.
Until next week, we could be churning between 1.20~1.40. I was surprised that the market didn't allow GOLD and SILVER to break out today.

PPP also inherited a SLW's purchase agreement when they acquired the San Dimas mine from GC. Problem seems that PPP & SLW kept dealing at $3.90/oz for their contractual sliver purchase. If they sold at $3.90/oz, Mexican govt.should not be able to tax PPP for the market value. IMO
If they have to retroactively pay the market value tax, they should ask the Silver Wheaten to pay the due. Don't you think???


Silver Purchase Agreement

On October 15, 2004, Silver Wheaton entered into a silver purchase agreement with Goldcorp to purchase 100% of the payable silver for a period of 25 years, produced by Goldcorp’s Luismin mining operations in Mexico (owned by Goldcorp at the date of the transaction), which consisted primarily of the San Dimas and Los Filos mines, for an upfront payment of C$46 million in cash and 108 million Silver Wheaton Common Shares, plus a payment equal to the lesser of US$3.90 per ounce of delivered silver (subject to an annual inflationary price adjustment) and the then prevailing market price per ounce of silver.

On March 30, 2006, Silver Wheaton and Goldcorp amended the Luismin silver purchase agreement, eliminating any capital expenditure contributions previously required to be paid by Silver Wheaton. In consideration for these amendments, Silver Wheaton issued to Goldcorp 18 million Common Shares, representing approximately 9.8% of the then outstanding Common Shares, and a US$20 million one year non-interest bearing promissory note, which was paid in full on March 29, 2007.

On August 6, 2010, Goldcorp completed the sale of the San Dimas mine to Primero Mining Corp. In conjunction with the sale, Silver Wheaton amended its silver purchase agreement relating to the mine. The term of the silver purchase agreement, as it relates to San Dimas, was extended to the life of mine. During the first four years following closing of the transaction, Primero will deliver to Silver Wheaton a per annum amount equal to the first 3.5 million ounces of payable silver produced at San Dimas and 50% of any excess, plus Silver Wheaton will receive an additional 1.5 million ounces of silver per annum to be delivered by Goldcorp. Beginning in the fifth year after closing, Primero will deliver to the Company a per annum amount equal to the first 6 million ounces of payable silver produced at San Dimas and 50% of any excess. Goldcorp will continue to guarantee the delivery by Primero of all silver produced and owing to the Company until 2029, and a payment of $0.50 per ounce for any shortfall below 215 million cumulative silver ounces delivered to Silver Wheaton by the end of 2031. In addition, Goldcorp will continue to deliver to Silver Wheaton the silver produced by the Los Filos mine. Primero has provided Silver Wheaton with a right of first refusal on any metal stream or similar transaction it enters into.

Does it mean AXU will open at $1.45 today?

AXU after-after pop! $1.45

For example, AXU also made a deal with SLW back in 2009 (when the silver price was right around the current spot price).

http://www.alexcoresource.com/s/news.asp?ReportID=510277
The economic analysis reflects 25% of the silver production being sold to Silver Wheaton at US$3.90 per ounce, in accordance with the silver purchase agreement.

But that's what SLW does with many other miners who need a big chunk of financing, isn't it?

I think PPP could pop to $2.50 and above easily if they can settle this with Mexican govt.

What do you think of Primero's recent news? Do you think they will win against the Mexican government? If that's the case, this stock can easily jump back to above $2,50. IMO
http://www.cbc.ca/news/politics/nafta-challenge-mining-three-amigos-summit-1.3617377
She is dipping this AM. The chart is setup for a major breakout or breakdown. IMO

Happy Funky Friday AXU. Looks like she is poised jump higher today.

You are good!!!!!!!!!!

$1.12 was my target. I could not wait anymore :)

I want this shirt! :)
http://www.hindustantimes.com/india/nashik-man-with-world-s-most-expensive-golden-shirt-enters-guinness-world-records/story-WbXH23dOnFA1DtAQTguXMJ.html

KITCO site is down right now. Hmmm..........


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KLDX boom!

Have you been following gold rush?
Man, freddy's carmack's claim produces nuggets after nuggets. I would be afraid to leave to spot wide open for the winter as a claim jumper can work there like swinging metal detectors, etc...
Parker recovered 2500+oz of gold this season. Man, that's incredible. I hope he can buy a good claim for himself or work a better deal with Tont Beets.

Congratulations, DT! I am sure you will able to reacquire the silver position under current price easily. Good luck.

Metals are taking the beating. Miners are suffering in big time. Yikes!!!

Happy New Year! Wishing all of you healthy, happy and lovely new year!

Congrats on finding a job near mariposa county. Please send me photo if you ever found a sizable nugget.