The somewhat recent discovery made by Novo of a 30-35m thick section of conglomerates beneath the Mount Roe Basalt at Comet Well, including a new circa 15m thick lower conglomerate sequence that contained “buckshot” and weathered pyrite made me think about De Grey’s discovery north-east...
Continue reading » February 23, 2018 admin Novo Resources No Comment I took the weekend to digest the latest information regarding Novo and trying to work out how I believed the latest pieces of the puzzle affected the investment case. When going through the material multiple times I thought it might be worth it to make...
Continue reading » February 20, 2018 admin Novo Resources 1 Comment The US dollar still rules the day, which opens up for a correction in gold if we get that bounce in the dollar. Negative correlation to VIX is still somewhat high. Overall, most of the correlations that have at some points been pretty strong...
Continue reading » February 20, 2018 admin Chart of the Day, Gold No Comment I will probably make a post about the latest NR and the videos this weekend, so keep an eye out.
Continue reading » February 15, 2018 admin Horseman's Portfolio No Comment Dollar has ruled the day for quite some time. GDX has had a stronger correlation with Exxon Mobil (substitute for oil expectations) and VWO (Emerging markets) than TIP (real yields) and GVI (bonds). VIX correlation turned to below -0.25 before the VIX spike… Maybe...
Continue reading » February 7, 2018 admin Chart of the Day No Comment Current gold price versus the 2001-2003 gold bull (scary similar): Gold/Silver Ratio and silver:
Continue reading » February 5, 2018 admin Chart of the Day No Comment 
