As we saw a huge reaction in the Novo Resources share price today I would like to give my take on the News Release and other developments as of late. (In short; This is the biggest over-reaction we have seen in Novo so far. It...
Continue reading » June 1, 2018 admin Novo Resources No Comment GLD (Gold): It sure looks like a bull market I must say. We are at a very very very interesting spot right now since we are close to potentially breaking the multi year resistance line in purple. MACD is also close to a...
Continue reading » January 14, 2018 admin Chart of the Day, Gold, Gold & Silver Stocks, Silver 2 Comments The following chart is very interesting to say the least. We should be near or at the green trend line that has been a resistance/pivot zone multiple times during the this “FIAT only” regime. Sure, gold is not as cheap as when it hit the...
Continue reading » January 4, 2018 admin Chart of the Day, Gold No Comment I did a post yesterday that could be read HERE. Apparently there is one thing that needed to be corrected after a poster on CEO.ca wrote that he had talked to Novo and that Novo mistakenly thought that the 67 gpt bulk sample was from...
Continue reading » November 30, 2017 admin Novo Resources No Comment I decided to put together a little list of factors that are influencing me personally regarding the odds of finding something of economic value at Karratha. Since we have so little actual data at this point, and the first exploration results from phase 1 at their Karratha land...
Continue reading » October 6, 2017 admin Gold & Silver Stocks, Horseman's Portfolio 3 Comments With mining investor sentiment at suicidal levels and much of the “twittersphere” being almost arrogantly certain of a coming sharp decline in gold and gold mining shares ATM, I would like to show why I am not giving up on this recent gold rally just yet:...
Continue reading » August 12, 2017 admin Gold, Gold & Silver Stocks, Silver No Comment GFG Resources Inc Website: www.gfgresources.com Stock ticker: GFG Flagship project: Rattlesnake Hills Gold Project (33.5K acres) Location: Wyoming, USA Shares outstanding (basic): 50.3M Shares outstanding (fully diluted): 53.0M Market Cap (fully diluted @ CAD$0.52): USD$22M Cash (March 31): USD$4.5M Enterprise Value: USD$17.5M Management ownership: ~15%...
Continue reading » August 10, 2017 admin Gold & Silver Stocks, Horseman's Portfolio, Stock Reports No Comment New positions (“lottery tickets”): Cache Exploration Inc Silver Spruce Resources K2 Gold Corporation New positions (starter positions): Redstar Gold Corp Excellon Resources Inc Liberty Gold Corp Pure Gold Mining Inc Added to existing positions in: Otis Gold Corp (top 5 holding) AbraPlata Resource Corp Dolly...
Continue reading » August 9, 2017 admin Gold & Silver Stocks, Horseman's Portfolio 3 Comments First off, we did get a bearish MACD-cross on GDX today: Now I will present some charts for a few of the junior miners that I own: Orca Gold Inc Newrange Gold Corp Otis Gold Corp Sage Gold Inc Bonus...
Continue reading » August 7, 2017 admin Gold & Silver Stocks, Horseman's Portfolio No Comment Palladium has been on quite a tear for the last couple of months: The above graph is certainly a very different picture than gold and silver (unfortunately). Can this latest divergence between the metals be a positive sign going forward? Since the bull...
Continue reading » June 18, 2017 admin Gold, Gold & Silver Stocks, Silver No Comment 
