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 >
Stock Market Looks Good
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Aden Forecast (07/28/2010)
"The stock market is looking good. This week several of the U.S. stock indices hit 2-6 month highs, and they're all back above their key moving averages. This tells us that stocks are going to rise further. Plus, the Dow Theory triggered a new bull market signal on Monday. As Dow Theory expert Richard Russell points out, by simultaneously breaking above their June highs, the Dow Industrials and Dow Transportations are now signaling that the stock market trend is up. The resource sector is strong. Copper and the other base metals are on the rise, while our resource shares are rebounding nicely. Even uranium rose this week, closing at an almost nine month high today. This sector rises when the global economy shows potential and copper is the barometer. Copper closed at a 2 ½ month high today, it's in a solid uptrend above $2.92 and its strong above $3.08. Keep your positions. Crude is following; it's strong above $76 and it's in a solid rise above $73.50. Oil above $80 would show great strength. The gold price fell to a three-month low yesterday in both dollars and the euro. It's clearly in a D decline and it's weak by staying below $1,200, basis December. If gold now stays below $1,180, it's very weak and it could test the $1,135 level. In a worst case, it could test its rising 65-week moving average now at $1,080. And if it does, it would provide an excellent buying area. Silver and gold shares are following gold. Pressure is down by staying below $18.20 for silver and 450 for the HUI index. Silver has solid support at $16.60. We are riding through weakness and looking to buy more when the downward correction nears maturity. Platinum and palladium are caught in between. They are bottoming but won't look good until they close above $1,590 and $480, respectively." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
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