Tonogold Resources Inc (TNGL)

[ComstockRoyalty]

Silver Market Perfection / TNGL Silver in Mexico.
TNGL has Options in a market ready to LAUNCH

Streetwise Reports 03/24/2018

Precious metals expert Michael Ballanger believes silver is poised for a "massive move to the upside."

Look at the positioning of the mighty Commercial Traders, who rarely lose money and who operate under the blinded eye of regulatory oversight and governmental sanctuary. As of last Tuesday, the most powerful group of traders ever to operate under the watchful eye of the Working Group on Capital Market wiggled out of a massive 41,497-contract short position in silver on January 23, and arrived in full regalia this week short a mere 3,709 contracts.

To provide some modicum of perspective, the Commercials were short a notional amount of silver that would correspond to 207,485,000 ounces worth $3.3 billion at the $16.20 per ounce benchmark on January 23, and are now short a notional 18,545,000 ounces worth a paltry $300,429,000. In other words, the Commercials covered $3 billion worth of fantasy-land silver shorts in a mere eight weeks, which represented nearly 25% of world silver production in 2017 (885.8 million ounces). But don't let your emotional extremities get twisted into a tangled knot of outrage and indignation. We have seen this movie all too often before, and the only reaction worthy of note is to go out and buy silver with both fists.


https://www.marketslant.com/article/buy-silver-reckless-abandon

LINK: TNGL Silver in Mexico:
Tonogold announced on January 16th 2018 that it has entered into a binding agreement with a private Mexican company, which provides Tonogold an exclusive right (but not obligation) to acquire 100% interest in the Claudia, Promontorio and Montoros gold/silver properties located in Durango, Mexico (the “Projects”) for total consideration of $7.3 million in cash. All amounts stated are in U.S. dollars unless otherwise advised.
http://tonogold.com/en/project/claudia-promontorio-montoros-mexico/