Vox Royalty - Genesis Minerals LtdKookynie (Pre-Feasibility) - Exceptional Drilling Results at Puzzle North Discovery
Vox holds a A$1/t production royalty on part of the Kookynie gold project(2);
On February 3, 2022, Genesis announced:
Outstanding new results from reverse circulation ("RC") drilling across multiple areas, confirming potential to expand the mineral resource at the Ulysses Gold Project near Leonora in Western Australia;
Broad, high-grade zones of gold mineralisation intersected from shallow depths in RC drilling at the Puzzle North Discovery, including:
21USRC1186: 27m @ 8.18g/t Au from 30m;
21USRC1190: 34m @ 13.36 Au from 42m, including 1m @ 382.6g/t Au from 68m; and
21USRC1192: 29m @ 2.91g/t Au from 52m;
Drilling at Puzzle North has now defined mineralisation over 600m of strike and up to 100m width, with the mineralisation remaining open both at depth and along strike;
Mineralisation at the southern end of the Puzzle pit extended over 200m south with results including:
21USRC1114: 11m @ 2.20g/t Au from 82m;
21USRC1119: 4m @ 9.07g/t Au from 92m;
21USRC1123: 5m @ 5.98g/t Au from 79m; and
21USRC1127: 47m @ 1.07g/t Au from 95m;
A large drilling program is currently being planned for the Puzzle North to Puzzle corridor.
Vox Management Summary: This exciting gold exploration royalty that Vox acquired for less than A$150k in 2020 is being rapidly drilled to include the royalty-linked Puzzle North discovery in an expanded feasibility study at the Ulysses gold project. The potential development timeline for this project from exploration to development continues to exceed Vox management expectations.
Miners
Update on PMs vs Cryptos right now. Gold, Silver, BTC, ETHI designed this custom chart to monitor the relative strength of top precious metals gold and silver versus top cryptos bitcoin and ethereum, to their respective ratios.
As you can see, there is a compression triangle of sorts that has formed and looking to determine which way it will break out.
The bottom is supported also by this arc spanning a much larger time horizon.
The fundamentals favor PMs.
All this together leads me to believe we are headed UP in gold/silver relative to cryptos.
None of this is financial advice.
If you're seeking a platform to trade between cryptos and precious metals (and fiat if you like), check out Kinesis. Their gold and silver on blockhchain are real, allocated, audited, and deliverable (at a very reasonable price I might add). Really the best of the best. Check out their informational videos to learn more:
kms.kinesis.money
DRD GOLD If gold's price continues to stay elevated and push higher then I believe DRD Gold will push higher too.
It has broken out of the trend line and looks set to move higher, which coincides with gold breaking out too.
Strikes aside, I think pullbacks will be an opportunity to add to positions.
Price targets are highlighted on the chart, with predetermined profit taking prices along the way.
Profit taking started today, which also coincides with the strike actioned that was served to Sibanye Stillwater.
My price target within 12 months, barring any economic meltdown, is R22 (+- 50% return)
My stop loss will be set below R11.50.
Disclaimer,
I have been accumulating DRD gold since R11,50, and have taken profits recently, will look to add to existing positions again in large pullback like today (9th March 2022)
$URNM - Available At a DiscountRussian forces recklessly shelled a nuclear plant last week.
This led to a sell-off over concerns that countries might take a step back from nuclear power.
This turned out to be an emotional overreaction. The plant was completely safe, and only an administrative building was damaged.
Uranium plays are now available at a relative discount.
According to Reuters, "The United States relies on Russia and its allies Kazakhstan and Uzbekistan for roughly half of the uranium powering its nuclear plants - about 22.8 million pounds (10.3 million kg) in 2020 - which in turn produce about 20% of U.S. electricity, according to the U.S. Energy Information Administration and the World Nuclear Association."
"There is no uranium production or processing in the United States currently, though several companies have said they would like to resume domestic production if they can sign long-term supply contracts with nuclear power producers. Texas and Wyoming have large uranium reserves.
Australia and Canada also have large reserves of uranium and there is ample processing capability there and in Europe. But Russia and its satellites are the cheapest producers."
So with the White House considering sanctions on the cheapest available uranium, the price of this commodity will undoubtedly rise over coming weeks and months.
According to World Nuclear Association, "Russia has substantial economic resources of uranium, with about 9% of world reasonably assured resources plus inferred resources up to $130/kg – 505,900 tonnes U (2014 Red Book)."
This seems like a great play for a move back above $100.
$GDX Gold Miners WeeklyGDX weekly nice chart with Triangle breakout and volume increasing with MACD opening up all implying more room to the upside.
I'm in April 35/40 debit spreads and looking for 40 as the first price target.
XME (metals) Gold Silver all appear to be ready to make a bull run, keep these on your watchlist especially with some weakness still in the equities market.
Decade of GDX Channels"Market Memory" is illustrated well in the long-term support and resistance lines of GDX
GDX Nice breakout here so farGold and miners might be finally ready to make a run with a nice breakout of resistance line here. MACD showing bullish confluence and 9/20 moving average cross
I'm long april 35/40 debit spreads
GDX... Launched!The Gold miners ETF had a clear launch over the last two weeks, amidst the build up of the global events in Europe.
The Weekly chart has a sustained double breakout of a short term trendline, and the weekly 55EMA. The technicals (MACD and RPM) are very supportive, crossing upwards and into bullish territory.
The Daily chart shows the past two weeks developments, nothing short of being impressive and decisive. An immediate term resistance is seen, but am optimistic that the Gold miners have launched from the base low, at long last.
As previously mentioned... Gold prices have since moved significantly to above 1900, and equites are on the rise.
This are supportive of the GDX. Currently, a slightly stronger USD is disregarded and off set by the previous two.
GDX has since moved up 10% and is slated for much for upside, way above 40 IMHO. Projections in a later following post...
Dark Cloud Cover at PCZ of Bearish Bat on PlatinumNot Much in the way of indicators except your RSI is slightly overbought and that's about it but in General this Price Action is pretty Bearish and you'd expect a decent move down from here.
Gold and precious metals miners are setting up ... !I am not GOLD bull - i read charts. Feels like the price action is confirming what we see happening outside of markets.
i recently read a report that someone was secretly buying gold at around 1800 and putting it aside - based on yahoo search- here is the copy of it:
(Bloomberg) -- Spot gold is again bobbing along near $1,800 an ounce, as it has been since mid-2020. The stickiness of that level, particularly as fundamentals turned more bearish, suggests there’s a big buyer somewhere in these waters. (...) That would suggest that whoever is buying is able to buy in scale, leave little footprint in the market and then take delivery and store the metal in secure, invisible vaults. And that points strongly toward a sovereign buyer.
Today i share with you few tickers and price action on XAU.
GDX about to break out?It has been many fake outs, but yet again, the GDX is attempting to break out, one that starts with a nice long bullish marubozu type of candle on both the weekly and daily chart.
The weekly chart had a gap and run marubozu, with MACD turning upwards but not yet in bullish territory, nor clear of the 55EMA.
The daily chart had a decent long bullish candle that is supported by the technical indicators.
What needs to happen over the following week is a proper breakout and sustaining above resistance turned support levels.
Fed Fund Rate Vs US 10Y Vs GoldHere is an interesting comparison of the 3 charts. If the history of these charts has taught us anything, there is going to be a rise in rates on a real rate basis more so than actual rates. What is more interesting is how this real rate rise will influence gold prices. Now gold isn't bitcoin, they are the exact opposite things. One is front-loaded with energy and the other requires perpetual energy in addition to one having mass vs one having no mass. The risk-off appetite will be a big player here. I can see rebalancing to add gold to your account of 5-10% and reducing bonds to offset this is smarter now. Adding the 1-2% bitcoin position will make sense as the risk-off bottoming occurs.
Gold miners will be smart soon, but not yet. Pick your miners now, Barrick, Newmont, Agnico Eagle, Wheaton Precious, FrancoNevada, Sandstorm, etc, and hit the bid when they tank along with equities. (This is a time to add additional bitcoin as well)
NU440 Miner Deal with Sphere 3D Put it on your watchlist, supposedly they just made a deal that would be a massive game changer if true.
The NU 440 has 4.5-5x the hashing power with less energy usage compared with the top asic miner available.
Sphere 3D would be way ahead of the game if this is true. DYOR NFA
Three Falling Peaks On The Gold Miners ETFThe Gold Miners don't look like they are setting up to have a very good time as they have made Three Consecutive Lower Highs and have penetrated the line of support it's been holding. Just from looking at this pattern and how we are trading in between the 55 and 200 week Moving Averages and Preparing a Weekly Death Cross it would seem that it is setting up for a +40% Decline in the near future so long as it continues to make Lower Highs.
GDX Lame Duck ?This week, the GDX did a lame effort to test the 55EMA, if you could even call that a test. Hence, the 55EMA failure was pretty much a lame effort too. This downward consolidation is growing lame and old, but it does appear to continue perhaps for a bit more as I do not yet see strength in the accumulation... having said that, when it comes, it is likely to be rather overwhelming.
For now, the same zone is pushed forward as a Buy Zone or Break Zone.
This is like fishing... all is lame until the big bagger comes, when it really comes, it comes with a hard fight!
Stay safe!
Gold ~ GLDI want to see a breakout to the upside between now and march and i'm quite confident it comes.
GDX Fake Out burns badIn the last post on GDX, it was mentioned:
"Oops... Gapped down later last week.
Again, more downside, watch for breaking of the range into the Buy Zone, and more importantly IF the support holds (white line)."
For most of the week, I looked like a fool... as GDX closed the gap, tested a minor support and then spiked a long candle above the daily 55EMA.
I have to be honest, I did relook and asked myself IF I missed something, misread or was biased.
And then comes Monday, and by midday of trading, the previous gap down is reopened. Together with re-entry of the consolidation zone (as expected), and a repeated failure of the daily 55EMA, this story now signals an exit on the other side of the consolidation zone.
Candlesticks (weekly and daily) all appear bearish, and not even needing to mention the technical indicators.
Notwithstanding, I am looking for a slight higher low from the 15 Dec low, in the Buy Zone marked, over the current week.
Have to keep reminding myself to be patient. When it happens, it will be very obvious.
Meanwhile, I am hanging on to my knickers! LMAO...
Fission May Slide to Weekly SupportFission Uranium is owner of one of the premier uranium deposits in the world with Triple R. Fundamentally I think Fission will be a top performer in this bull market. For now though, Fission may return to test weekly support at $0.56 before continuing upward.
#COPX #DRCOPPER Copper miners about to rip?Keep an eye on the copper x etf which tracks miners which are engaged in the mining of Copper. Every time we've seen a heavy spike in volume this year has resulted in a corresponding top or bottom for Copper miners. My guess would be another bottom could be forming here...
GDX pushing down for a lower or higher low?Oops... Gapped down later last week.
Again, more downside, watch for breaking of the range into the Buy Zone, and more importantly IF the support holds (white line).
GDX last coil ?GDX yet again pushing lower. Obvious reasons in Daily chart (right)
Inthe next two weeks, it is likely to be looking near the last low, for a higher low... the third time it is doing this. Possible the last coiling before a bull run develops.
Wait for it...
Dominance is backThe dominance could to back up in his role.
With hashrate that could to down cause Kazakh down internet.
GDX An Incomplete sequence Favors More DownsideThe Elliott wave view in GDX suggests that the main cycle from the August 20, 2020 peak is showing an incomplete sequence. Favoring more downside to happen based on sequence towards $24.80- $21.36 area lower before a turn back higher happens. While the short-term cycle suggests that the decline to $30.05 low ended wave 1 of (C) in 5 waves lower. Up from there, GDX did an expanded flat correction in wave 2 bounce.
While an initial 3 swing bounce ended wave ((a)) at a $31.59 high. Down from there, wave ((b)) also ended in 3 swings at $28.90 low. Then the bounce in ((c)) leg unfolded in 5 wave impulse sequence. In which, wave (i) ended at $30.16 high, wave (ii) ended at $29.95 low, wave (iii) ended at $31.54, wave (iv) ended at $31.19 low, and wave (v) ended at $31.77 high. Thus ended wave 2 as an expanded flat correction.
Below from there, GDX declined in 5 waves lower & ended small wave ((i)) of 3 at $30.15 low. And now doing a 3 swing bounce in wave ((ii)), which can see $31.29- $31.51 area before turning lower again. Near-term, as far as bounces fail below $31.77 high then ETF is expected to fail lower looking for more downside. Alternatively, if it breaks above $31.77 high then it can even see $33.01- $34.77 area higher before seeing sellers again.
