Recent Posts
1
PM Mining Stocks / Re: PVG
Last post by ken -
A couple of years back we talked about whether PVG was a fraud or not. I suspected so and time will tell if they can recover their share price.
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PM Mining Stocks / Re: PVG
Last post by sandybeachdave -
PVG took a kick in the groin over the past few days dropping well below $7.00 per share on news that had a miss on production estimates. Pre mine documentation was overly optimistic and when made known a year ago the share price was cut in half opening a huge gap, but on realization the was still a very economic, share prices started a slow bumpy recovery. The company has bought back a severe royalty stream and restructured debt on the financial side and worked hard to improve mine performance including obtaining a permit to increase rates. Bottom line, the company is not going broke barring an unforeseen tragic event. The location is good in Canada and they have a lot of continuous exploration acreage for growth.
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This take down is way over done. MACD histogram and curves look terrible, but RSI and STO's, shorter term momentum indicators, are suggesting a bottom is in. There will be more damage to MA's but an up turn here will minimize the damage. Also suggesting a bottom is share price starting to deviate from the lower BB. I am looking for a dollar to dollar and a half bump in short order
This take down is way over done. MACD histogram and curves look terrible, but RSI and STO's, shorter term momentum indicators, are suggesting a bottom is in. There will be more damage to MA's but an up turn here will minimize the damage. Also suggesting a bottom is share price starting to deviate from the lower BB. I am looking for a dollar to dollar and a half bump in short order
4
Silver - General Discussion / Re: 2019 The Year silver shines
Last post by ken -
Got a gold chart? Looking at it and I see 1238 or so as an area for a rebound barring any political turmoil which we may get with this Brexit Monday the 21st. Markets closed yes, but Tuesday will be interesting.
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Silver - General Discussion / Re: 2019 The Year silver shines
Last post by edthelorax -
When I posted that pennant above, the way my marking pole went through the orange downtrend line bothered me.
This makes more sense, a flag with the same marking pole. The marker starts at the bottom of the flag.
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This makes more sense, a flag with the same marking pole. The marker starts at the bottom of the flag.
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Miscellaneous / Re: The coming turmoil
Last post by ken -Since Reagan's presidency, debt has gone up 31 times and tax revenue to service the debt has gone up 6 times. This trend could not have progressed this far without assistance from the fed ever fixing interest rates over the period to near zero. The one exception was Volker 'Breaking the back of inflation". This also confirms the US is living beyond its means or to bring it down to a more granular level, our standard of living is higher than we can afford.
The full article containing the chart is more about investing in the coming times and worth reading.
https://goldswitzerland.com/gold-the-only-safe-place/
Gold is great for barter until the government outlaws its use and confiscates your horde. Best to buy it from a local dealer who don't take names.
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Miscellaneous / Re: The coming turmoil
Last post by sandybeachdave -
Since Reagan's presidency, debt has gone up 31 times and tax revenue to service the debt has gone up 6 times. This trend could not have progressed this far without assistance from the fed ever fixing interest rates over the period to near zero. The one exception was Volker 'Breaking the back of inflation". This also confirms the US is living beyond its means or to bring it down to a more granular level, our standard of living is higher than we can afford.
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The full article containing the chart is more about investing in the coming times and worth reading.
https://goldswitzerland.com/gold-the-only-safe-place/
The full article containing the chart is more about investing in the coming times and worth reading.
https://goldswitzerland.com/gold-the-only-safe-place/
10
PM Mining Stocks / Re: Some to look into...
Last post by sandybeachdave -
I took a small position in Gran Columbia (TPRFF) based primarily on the charts and a quick look at some ratios on Yahoo statistics page. I do not like the location of there mines or the debt, but charts and numbers are good. I will look into it much more before taking a meaningful position.
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Moving averages are 50, 100, and 200 day with bull orientation colors ordered as a traffic signal
Moving averages are 50, 100, and 200 day with bull orientation colors ordered as a traffic signal