Pretty Impressive - Having a man like Martinez on the board, and not just on the board but actively buying stock:
"Mr. Martinez served as the Colombian Minister of Mines and Energy from July 2006 to August 2010 and he has also served as President of International Colombia Resources Corporation, Chairman of the Board of Atunec S.A., President and Chief Executive Officer of Exxon Mobil Colombia S.A., and Manager of Corporate Planning for Esso Colombiana S.A."
It doesn't get more reassuring than that. This gentleman is extremely well connected in Colombia, a very big cat.
This is important given the potentially challenging circumstances of operating in this region.
The latest 8-year chart for $GOLD TA & TI actions by both volume indicators concurrently is very bullish indeed—it means that gold is destined to break out upside from this pattern into a bull market soon. Regardless of what efforts the supposed "cartel" with their paper shenanigans make to stop it, and it's not hard to see why given how much physical has been mopped up in recent years by countries such as China, that understand gold's true value. Upon breaking above the nearby band of resistance, the first target for gold is the quite strong resistance in the $1520–$1560 area.
On $GOLD's 6-month chart, however, we can see that it has had a nice run in recent weeks that has resulted in it becoming rather extended, and with sentiment readings now very bullish, we should not be surprised to see a modest pullback that would probably be occasioned by a relief rally in the dollar to alleviate its oversold condition. We can use any such pullback to do additional buying, especially of gold and silver stocks.
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