The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Dead Zone—Can You Hear Me Now?
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Dow Theory Letters (06/15/2010)
"We're in the area that I call the 'dead zone.' I've been here before, and it's not easy to write in the dead zone. The dead zone tends to appear after a period of dramatic and clearly defined action. After such periods the market will often act like an exhausted prizefighter who has been knocked down to the canvas. He gets to his feet but he is unsteady on his feet, and playing for time—until his head clears. He's fending off the other fighter as best he can, and he's depending on his experience. Will he make it to the end of the round? But what kind of shape is he in for the next round? To be more specific, the last significant low for the Dow was recorded on June 7 at 9816, Transports 4038. I want to watch these two points for indications of further strength or weakness. The Lowry's figures are important at this juncture. Their Selling Pressure Index at 707 is 462 points above their Buying Power Index, which stands at 245. Thus Selling Pressure is in the dominant position, which suggests that the market should work sharply lower at the drop of a dime." |
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More Experts
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
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