GDXJ/GDX indikatorn: Sista Pusselbiten?

These charts show that the commercials are now betting heavily against the U.S. dollar and positioning for a substantial rally in the precious metals, particularly silver

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Gold inventories are at a record low
Gold and silver have been bleeding for a month now and have lost close to 6.14% and 6.48%, respectively, on a 30-day trailing basis. Investor sentiments and expert recommendations are all in line for a further decline in prices. But the scenario at COMEX (Commodity Exchanges) warehouses is entirely different from expected, and it tells us a brand-new story.

Futures contracts issued on COMEX are backed by the registered category of gold and other precious metals, respectively. A daily report on the warehouse’s current holdings has been made available. According to the Friday report from COMEX warehouses, the present stock of gold stood at ~350,000 ounces. The figures are at the record-low mark for gold inventories. According to the current data, one ounce of gold backs ~120 gold contracts on COMEX futures. The above figure of ~120 is the highest number of future contracts traded against an ounce of gold. The chart below presents the data for gold coin sales in the past few months.

Asia is calling for gold
Despite gold losing close to 0.37% on a five-day trailing basis and 0.50% on the last trading day, its physical demand is soaring upwards. The open interest on COMEX has been stable. Pessimist investor sentiment and the shedding of gold holdings are likely backed by some buying. As a rule, if everyone is selling, there has to be someone who’s buying. According to the COMEX warehouse information, ~22% of the total kilo-bar holdings left Brinks’s vault in a single day. That is a humongous amount. Asian countries highly prefer kilo-bars. These data suggest sheer optimism among Asian buyers.

http://finance.yahoo.com/news/comex-warehouse-gold-inventories-low-183659337.html

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Nä nu blommar asfalten. Nya vindar blåser men det här var oväntat…Cramer rekar Barrick Gold (ABX)

Barrick Gold (ABX – Get Report) produces and sells gold and copper. This stock is trading up 8.5% to $7.11 in Thursday’s trading session.

Thursday’s Range: $6.65-$7.11
52-Week Range: $6.52-$19.36
Thursday’s Volume: 16.53 million
Three-Month Average Volume: 15 million

Barrick Gold (ABX – Get Report) produces and sells gold and copper. This stock is trading up 8.5% to $7.11 in Thursday’s trading session.

From a technical perspective, Barrick Gold is ripping higher here right above its new 52-wek low of $6.52 with strong upside volume flows. This stock has been downtrending badly for the last three months, with shares moving lower from its high of $13.64 to its new 52-week low of $6.52. During that downtrend, shares of Barrick Gold have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock has now started to bounce off that $6.42 low and off oversold levels, and it’s beginning to move within range of triggering a near-term breakout trade. That breakout will trigger if this stock manages to take out some near-term overhead resistance levels at $7.33 to $7.50 and then above its 20-day moving average of $7.82 with high volume.

Traders should now look for long-biased trades in Barrick Gold as long as it’s trending above its new 52-week low of $6.52 and then once it sustains a move or close above those breakout levels with volume that hits near or above 15 million shares. If that breakout triggers soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $8.50 to $9, or even its 50-day moving average of $9.86 a share.

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Jag tror att guldet bottnat för den här gången. Fullblodsproffs som Jordan Roy-Byrne hoppar in och ur JNUG hela tiden, ett bra exempel på när man inte riktigt vet vad man håller på med.

Strunt samma Pining for the fjords hade ett intressant inlägg om den närmaste utvecklingen.

Den gamle räven Ingemar Carlsson har även han kommit med en analys och jag delar hans uppfattning.

Hans trackrecord är väl inte det bästa, men här tror jag att han kan vara rätt ute.

Kom dock ihåg att vi har 43-44månader kvar i denna BEAR !!!

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“It’s time to get greedy in the gold market.”

Back in April I wrote a post titled, “how to trade like Stan Druckenmiller, George Soros and Jim Rogers.” It centered on a quote from Druck that really gets at the key to his incredible success in the markets:
The first thing I heard when I got in the business, not from my mentor, was bulls make money, bears make money, and pigs get slaughtered. I’m here to tell you I was a pig. And I strongly believe the only way to make long-term returns in our business that are superior is by being a pig. I think diversification and all the stuff they’re teaching at business school today is probably the most misguided concept everywhere. And if you look at all the great investors that are as different as Warren Buffett, Carl Icahn, Ken Langone, they tend to be very, very concentrated bets. They see something, they bet it, and they bet the ranch on it. And that’s kind of the way my philosophy evolved, which was if you see – only maybe one or two times a year do you see something that really, really excites you… The mistake I’d say 98% of money managers and individuals make is they feel like they got to be playing in a bunch of stuff. And if you really see it, put all your eggs in one basket and then watch the basket very carefully. -Stan Druckenmiller
The way Druck generated 30% average annual returns over a period of decades was by being a pig, by putting all his eggs in one basket and watching it very carefully. Considering he may be the most successful money manager alive, you may be curious to learn what Druck is buying today.

Well, you’re in luck! Druck’s latest 13F filing shows that he is currently backing up the truck and loading up on gold. In the second quarter, he bought over $300 million worth making it his single largest position. He now has more than 20% of his portfolio allocated to the SPDR Gold Trust (GLD). This position is more than twice as large as his next largest holding.
Clearly, Druck feels (as I do) that it’s time to get greedy in the gold market.

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Solsson, inte kollat in Timmins Gold låter som en smygare. Finns det någon rapport från analytiker?
tidigare geolog som lovordar bolaget? Samt hur ser ägandet av aktierna? Är det vettiga personer i ledningen?

Fick jag välja 3 st aktier över 3 års period med lägsta risk men högsta uppsving blir det.

Alterra Power Corp. (AXY.TO) – Uranium
Franco-Nevada Corporation (FNV.TO) – Royalty
Altius Minerals Corp  (ALS.TO) – Royalty

Samtidigt som jag skriver detta gäspar jag lite, vilket är ett gott tecken.
Behövs beskrivning? Uranium är hatat men vi kan inte leva utan det, samtidigt investerar de i grön el som hedge.
Royalty är royalty båda bolagen är välskötta med god ledning, ledningen på båda bolagen äger större delar av aktierna själva. Finns fler förklaringar till varför just dessa bolag, det är inte svårt att hitta.

Kanske få plats med Sprott dock högre risk på det.
Själv då?

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Spana in Dalradian, förmodligen en utav de absolut allra bästa casen där ute just nu! Är själv aktieägare.

“A look at a few of the mining press releases that caught my attention this morning.

Dalradian Resources – (DNA:TSX) – Dalradian has provided a corporate update as well as financials for the second quarter. A strong working capital position of ~$33.5 million at June 30th remains as Dalradian proceeds with development work at the Curraghinalt gold deposit in Northern Ireland.

Management had originally planned for a PFS to be released in late 2015 but has now transitioned to a Feasibility Study (FS). If the FS and EIA are positive a planning application is scheduled to be submitted in Q3 2016.

The change in plans leads to a higher budget by $14-$20 million which will require DNA to do a financing in the future.

The Curraghinalt gold deposit is a high grade resource of ~3.5 million gold ounces (in all categories) that remains open in all directions. The project has strong economics and is one of the top projects worldwide when looking for high IRR and low capex.

Corporate and operational highlights of Q2 2015 and subsequent period

Substantial completion of surface works for the Underground Program;
Receipt of the explosives storage licence;
Six of 12 underground drill bays completed and development on mineralized material in the T-17 and No. 1 veins is ongoing;
Completion of approximately 11,000 metres of infill drilling; program expanded to a minimum of 30,000 metres;
Initial Curraghinalt infill results from 25 drill holes announced, including intersection of 4.40 metres grading 54.84 g/t gold and 5.79 metres grading 7.12 g/t gold;
PFS: progress with field and laboratory studies on tailings, processing methods, geotechnical and hydrogeology; transitioning to FS — EIA: advancement of desk-top studies and environmental fieldwork;
Patrick Downey and Jim Rutherford joined the Board of Directors and Patrick Anderson assumed the Chair

DNA chart

11 analysts cover DNA stock with different target prices ranging from $1.10 to a high of $2.25.

The stock has doubled since the end of last October when a PEA came out with a 32% after tax IRR using $1200 gold.

If investors are looking for a high grade development story DNA is probably one of the best stories on the street in my opinion.

One of the most prominent resource investors in the last 20 years Ross Beaty likes what he see purchasing 12.566 million shares earlier this year at 90 cents with a half warrant exercisable at $1.15 per share.

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