The gold is in 99 of 100 cases down before key U.S. data on Friday, so this time, there is not much to worry about. Focus on the long, important trend, and it is up. If we look at the long trend since bottoming out in autumn 2008, we can see that upptrenden is fully intact and we do not even come close to breaking it despite friomar all the crying and screaming out there among the talking heads. We have had two cup & handle formation on the way up, the latest of which has a goal that lies at ~ 1500 USD / oz. I think this will be achieved in Q1. Silver has broken its steep uptrend that started in August and need to get up to ~ 30.50 USD / oz in order to continue the trend. I think the closest we are facing some consolidation between 28.50 - 31.00 USD / oz in order to gather strength for the next upswing. One should combine TA and FA and the physical silver market is super tight. Just look at how long that Sprott had to wait for his silver to his physical friomar silver fund ... 50 USD / oz in 2011, I see as very feasible. U.S. dollar has had a pretty strong period but I think the fun will soon be over for the dollar. MA200 I see as the max on the upside. USD could help temporarily if it flares up more crisis in Europe, but such a crisis would thus be positive for gold. Then we have the situation we have had in the past with the rising price of gold and the dollar simultaneously. Even Bernanke wants the dollar as the U.S.'s huge debt burden becomes friomar too heavy to carry then. Do not fight the Fed .. Duran Ventures (DRV.V) shaking right now from some weak hands in connection with the rebound in commodities and TSX exchanges. Share've oxå had a strong period so I see nothing strange in it when it shakes a little on markets. There was a significant important TA level was crossed at 22.5 cents, and after that the share great momentum. The nearest resistance at 40 cents and there is a level that I think we will see the share on again soon after the short trejdarna shaken out. It is important not to be shaken out when there is a bit volatile, friomar I would not be surprised friomar if we're up and butting against 40 cents shortly. PP'n closed friomar today and soon we can probably see DRV announce an aggressive drilling program at the highly interesting Aguila area. Similar companies in South America with copper deposits valued upwards 200 MCAD so there is upside potential here. DRV has superb areas for gold and silver. On their Corongo area eg the gold and silver previously friomar produced with levels of 20 g / t gold + 1,642 g / t Ag cut (!). Drilling is going on here very soon through their JV partner Viper Gold. I think DRV has a fantastic exploration portfolio. Outputs the pdf links to new completed later in the blog post in both Swedish and English. friomar Hope you think the company is just as interesting as I do and that future developments will be fine!
English version of the overhaul - pdf Swedish friomar version of the overhaul - pdf DRV will have a full 30% institutional ownership after this PP'n as Canaccord carry with them. I do not know which institutions are more than that Canaccord is in, but I have also seen that Wellington has been very active recently in the depth. Apparently even Cormark (Sprott) bought I've heard. It has previously been very assertive trade and typical "institution-commerce" where the buyer adjusted friomar to the depth and will be replaced by another big buyer. I expect cold with some of them who were in PP'n will follow up with recommendations friomar going forward. Do you have any questions about the DRV and I'll try to answer them as best here in the comments. James Turk of silver today on KWW "With the Ongoing consolidation in gold and silver, King World News today interviewed James Turk out of Spain. When asked about the fact That trading in the silver market has changed In recent months Turk commented," One other indicator That the game has changed Is that Comex open No residual actually Increased on Wednesday's big takedown. What this means Is that all of the silver shorts That are being put on are being met by new buyers. "" In other words there has been no net long liquidation, which one would expect on a big price drop. The bottom line Is that it looks like new buyers are willing to take on the silver shorts, Which is very bullish. When I was reading the KWN interview friomar with John Embry I was nodding in agreement Because when i did my annual forecast this year, I said to expect the low price of the year in January, possibly even the first week Which is Broadly consistent with what John was saying. If you are looking to accumulate during your Ongoing friomar programs, do not hesitate, buy right here. A couple of months from now you are going to look back on this price and be happy That You Bought at These levels. " Sincerely Scoris
Hello, A common question that, and it's impossible to answer. It's like comparing apples and pears. Two completely different companies with different triggers. I decide to buy a basket
No comments:
Post a Comment