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Gran Colombia Gold Is a Great BUY -

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NYBob Member Level  Friday, 06/07/19 12:21:20 PM
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Gran Colombia Gold Is a Great BUY -
The Canadian miner has several catalysts
June 05, 2019 | About: TPRFF +0% TSX:GCM +0% GOLD +0% GDXJ +0%


http://www.grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149231566

https://www.gurufocus.com/news/889968/gran-colombia-gold-is-a-buy-

Gold Market Update - originally published
Sunday, May 19, 2019

Gold and silver dropping back again late last week had investors in the
Precious Metals sector feeling despondent, especially as their fears
were magnified by at least one analyst calling for gold to drop to the
low $900’s or even lower, which is normal when prices sink, but our
charts are instead suggesting that gold and silver are close to
completing giant bottoming patterns that started to form (in the case
of gold) as far back as 2013.

We can best see gold’s potential giant base pattern on a 10-year chart.
It can be described as a complex Head-and-Shoulders bottom or as a
Saucer, and is best considered to be both, or perhaps as a hybrid
having the characteristics of both patterns.
In any event, as we can see on this chart, it appears to be drawing
close to breaking out of it, which will be a very big deal if it
happens, because a base pattern of this magnitude can support a massive
bullmarket.
As for timing it could take several months and it is most likely to
happen during gold’s seasonally strong period from July through
September.
To maintain the bullish case it must stay above the Saucer boundary.




Embedded within the giant H&S or Saucer base pattern, a fine Cup &
Handle base has formed over the past year which we can see to advantage
on the 1-year chart.
The Handle part of this pattern may be regarded as a period of
consolidation / reaction that has allowed time both for the earlier
overbought condition arising from the rally from November through
February to unwind and also for the moving averages to slowly swing
into a much more favorable alignment, which has now happened.





On both of the above charts the drop late last week looks like “a storm
in a teacup” or given the pattern shown on the 1-year chart, a storm
just outside a teacup, and latest COTs reveal the reason for it –
the Large Specs had suddenly become too bullish, which meant that they
needed to be disciplined.
While COTs have doubtless improved as a result of the drop on Thursday
and Friday (we won’t find out until next week), the Large Specs may
require some more time in the correctional facility, especially as June
and July are not seasonally good months for the Precious Metals, so it
would not be surprising to see some more downside during the weeks
ahead before both gold and silver take a turn for the better from July
onwards.





The following seasonal chart shows that June tends to be somewhat
negative for gold on average, although it won’t be this year if Iran is
attacked.





The conclusion is that the big picture for gold and silver continues to
look strongly positive, although we may first have to contend with
weakness between now and July due to the current downtrend coupled with
negative seasonal factors until the end of June, which should present a
window of opportunity to build positions across the sector ahead of the
expected late Summer advance that promises to be very substantial if
gold succeeds in breaking above the key $1400 level.

End of update.
By Clive Maund

In GOD We Trust -








http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA


My opinions are my own and and DD I post should be confirmed as unbiased
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