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Newcore GOLD LTD - Ghana explorer - DailyNewcore GOLD LTD - Ghana explorer - Daily last news: that effective Monday, August 10th, 2020, the Company’s common shares will commence trading on the TSX Venture Exchange under the Company's new name, Newcore Gold Ltd. (“Newcore”) and its new trading symbol "NCAU". Newcore will have 79.9 million shares issued and outstanding with Management and Directors owning a 39% equity interest and institutional shareholders owning an approximate 20% stake. The new name reflects a turning point and a renewed commitment to realizing the value of the Company’s 100% owned Enchi Project by advancing the current 1.1 million ounce inferred1 gold resource (37.4 million tonnes grading 0.90 g/t Au) located in Ghana, Africa’s largest gold producer. Newcore Gold offers investors a unique combination of top-tier leadership, who are aligned with shareholders through their 39% ownership, and prime district scale exploration opportunities. Enchi’s 216 square kilometre land package covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several 5 million-ounce gold deposits, including Kinross’ Chirano mine 50 kilometers to the north. Newcore’s vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.
TSXV:NCAULong
by stratanic
Strategic Metals waiting Drill result - Daily decemberStrategic Metals waiting Drill result - Daily december Last news: Strategic has purchased no shares under the Old Bid, which will expire on December 2, 2020. The New Bid will consist of the acquisition by Strategic of up to 8,700,000 common shares of its capital stock, representing approximately 10% of the "public float" of 87,599,346 common shares upon the date of commencement of the New Bid. (There are currently 106,705,767 common shares of Strategic issued and outstanding.) The New Bid will commence on December 3, 2020, and will expire on December 2, 2021. Strategic is making the New Bid, to succeed the Old Bid (which was limited to an aggregate of 6,600,000 common shares), because it is of the opinion that fluctuating global market conditions periodically (and currently) may result in unwarranted reductions in Strategic's share price that do not reflect the underlying value of its assets. Strategic will utilize unallocated cash resources to effect purchases under the New Bid with a view to capitalizing on these potential price weaknesses. Shares purchased under the New Bid will be made at Management's discretion based on market conditions, and will be returned to Strategic's treasury for cancellation.
TSXV:SMDLong
by stratanic
Silver Trend OutlookSilver technicals and structure has an intact bullish makeup The long-term analysis shows that silver has cleared all major resistance and should follow gold to a new all-time high within the next 6-12 months, possibly much faster. The macro fundamentals are supremely bullish: Negative interest rates and the beginning of a global currency war/easing cycle/competition to devalue. Massive fiscal stimulus is on the horizon in the next 3-5 months, and not just in the US. Rest of the world is starting to catchup. The long-term global trend towards electric, clean, and renewable energy and the sheer amount of investment required to change our energy infrastructure will require that silver goes parabolic, along with many other commodities. There's not a lot of silver in the world. New production takes time, cannot happen overnight. A Biden win / blue wave will mean marginally more open global trade, which is bullish commodities. It will also mean something like a green new deal, infrastructure spending, and stimulus that could cause the US economy to overdose. FX_IDC:XAGUSD TVC:SILVER
TVC:SILVERLong
by Ludwig_Von_Mises
Silver Testing $30/oz, Jumps +20% In AugustSilver is up roughly +60% since the beginning of July from $18/oz to a current price of over $29/oz. Price has seen strong gains ever since breaking above $21/oz which was the upper level of a long-term consolidation/accumulation range that lasted from 2014 through last month. Last month price peaked right at the $26/oz level which stems from price support seen back in 2011 and 2012, and this month price has surged above that level and is now testing $30/oz. The two most recent price candles are yellow which indicates that there is bullish momentum volatility behind price, or extreme trader optimism. Green price candles indicate bullish momentum behind price, purple candles indicate bearish momentum and gray candles indicate no momentum, or neutral. In general, you want to continue holding when the price candles are yellow and add to trades on any pullbacks. The best place to put a stop-loss order is below the first yellow candle which is July's candle, and the bottom of that candle is down near $18/oz(blue line). The reason for this lower stop-loss level is to allow for downside volatility after such a strong and fast move to the upside over the past two months. Once a pullback occurs we would want to see price remain above the blue line at $18/oz, or more ideally, a hold in price above the upper orange line at $26/oz. $26/oz seems like the most likely candidate on any potential pullback considering how strong of a support level it was back in 2011/2012. The Relative Strength Index(RSI) shows the green RSI line rising above the purple signal line which indicates short-term bullish momentum on a monthly basis. The green RSI line is also above the 50 level which is the midpoint of the total RSI range(0-100). In general, price is considered to have bullish momentum when the RSI is above 50 and bearish momentum when below 50. In general during an uptrend, you want to see both the green RSI line and purple signal line both rising and trending above the 50 level. The purple signal line is currently just below 50, but it is slower to react to short-term price movement than the green RSI line. By the looks of it, the purple signal line should be above the 50 level by the end of this month indicating bullish momentum in the intermediate-term. The Price Percent Oscillator(PPO) shows the green PPO line rising above the purple signal line, and both lines are trending above the 0 level. When the green PPO line is rising above the purple signal line it indictes short-term bullish momentum behind price. When both lines are trending above the 0 level it indicates bullish momentum behind price in the intermediate-term. The Average Directional Index(ADX) shows the green directional movement line above the purple directional movement line which indicates a short-term postive trend hind price. When the green directional line is above the purple directional line it is considered bullish for price trend, while the purple directional line above the green directional line is considered bearish for price trend. The histogram behind the two directional lines represents trend strength. When the histogram is green and rising it indicates increasing strength in an uptrend. When the histogram is purple and rising it indicates increasing downtrend strength. This histogram is now rising as of this month and is green which indicates that the current short-term bullish trend in price is gaining strength on a monthly basis. The overall view on silver remains bullish, but price feels like it's getting away from itself these past two months and gaining too much, too fast. With the little resistance price has seen since $20/oz, I'm expecting $30/oz to be a short-term resistance level even if we get an overshoot to $31 or $32/oz. As stated above, likely support will come in around $26/oz on any pullback with lower support from there at the upper orange line of the consolidation range at $21/oz. I sold GDX and GDXJ this week since they were the two biggest laggards in my porfolio. Mining ETF's are safe plays, but tend to underperform individual mining companies during bull markets. I replaced GDX and GDXJ with GORO, IAG, FCX and AUY. I continue to hold GPL, HL, EXK, AG, KGC, MUX, CDE, NGD. Total mining portfolio is up +55% since May with GPL, EXK and HL all up over 100% in that time. "Worst" performer is NGD at +35%.
FX_IDC:XAGUSDLong
by PrepForProfit
Gold Continues To Set New HighsGold price ended July at $1,974/oz which made last month the highest that gold has ever closed on a monthly basis-beating the previous high set back in August of 2011 of $1,823/oz. July also saw price make a new all-time high of $1,984/oz which beat Septemeber 2011's $1,920/oz. So far August 2020 has set a new all-time high of $2,030/oz which was made today with price currenty holding near that level. The current monthly candle is yellow which indicates that there is bullish momentum volatility behind price, or extreme trader optimism. May, June and July were all yellow candles as well which shows that there has been extreme optimism in the gold market for the past four months. The Relative Strength Index(RSI) shows the green RSI line rising above the purple signal line which indicates short-term bullish momentum behind price. Both lines are above the 50 level which is the midpoint of the total RSI range. In general, when the green RSI line is trending above the 50 level it indicates bullish momentum in the intermediate-term while an RSI reading below 50 would indicates bearish momentum in the intermediate-term. Overall, the monthly RSI for gold is bullish since we have the green RSI line trending above the purple signal line, both lines rising, and both lines are above the 50 level. The Price Percent Oscillator(PPO) shows the green PPO line rising above the purple signal line which indicates short-term bullish momentum behind price. Both lines are above the 0 level which indicates that there is bullish momentum in the intermediate-term for price as well. In general, when both the green PPO line and purple signal line are trending above the 0 level it is considere a bullish momentum indication for price, and vice versa when both lines are declining below 0. The Average Directional Index(ADX) shows the green directional line trending above the purple directional line which indicates that there is a short-term bullish trend behind price. The histogram in the background is green and rising which indicates that the short-term bullish trend in price is increasing in strength. In general during an uptrend in price, you want to see the green direcitonal line above the purple direcitonal line and for the histogram to be rising as it is now. Overall, the view on gold price remain bullish with the expectation that gold and gold-related stocks will continue pushing higher this year, as well as silver and silver-related stocks. Current holdings are: GDX, GDXJ, GPL, CDE, HL, KGC, EXK, NGD, MUX, AG and physical silver since I expect silver to continue to outperform gold during this rally.
FX_IDC:XAUUSDLong
by PrepForProfit
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