Mine Acquisition Grows Production ‘At a Fair Price’

Source: Streetwise Reports   09/14/2017

BMO Capital Markets explained the mine acquisition deal in British Columbia and its likely benefits for this precious metals miner.

A report dated Sept. 11, 2017, reported Coeur Mining Inc. (CDE:NYSE) announced it is acquiring JDS Silver, the private mine development firm that owns Silvertip in British Columbia (B.C.). Silvertip is “a high-grade silver-lead-zinc Indicated resource of 2.35 Mt grading 352 g/t silver, 9.41% zinc and 6.73% lead,” described Andrew Kaip, analyst with BMO Capital. Also, the mine “has a 1 Ktpd mill on site, which is undergoing commissioning.”

The $200 million purchase price is viewed “as fair, as we estimate a value of ~$248M for the asset,” added Kaip.

As far as the details of the transaction, Coeur “will pay $146.5M in cash, $38.5M in shares and assume $15M in debt,” the analyst explained. “The company will also “pay an additional $25M contingent on receiving expansion permits and $25M contingent on resource expansion. CDE is expected to fund the cash portion with cash on hand and with a new $200M revolver (expects to draw $100M).”

Kaip said BMO views the deal favorably for a few reasons. “The acquisition makes sense,” he added. “It will help boost the company’s production profile and offset declining production at San Bartolomé.”

The deposit’s “high grades (and low costs) will help to improve operating margins and bolster diversification, as Coeur will have six producing assets upon closing,” Kaip said. Silvertip also “will add lead and zinc to CDE’s revenue mix.”

Another plus is Silvertip’s “large (38,000 hectare), unexplored land package in a good jurisdiction,” wrote Kaip. “We see the potential for exploration upside.”

Coeur and JDS are in “discussions with the B.C. Ministry of Energy and Mining to increase mining/milling rates to 1 Ktpd year-round,” Kaip noted. “Current permits allow for mining/milling at only 70 Kt/year (500 tpd).”

BMO Capital has an Outperform rating and $11 per share target price on Coeur Mining. The company is trading at around $9.26 per share.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Additional disclosures about the sources cited in this article

( Companies Mentioned: CDE:NYSE,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17701

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Gold, the Dollar and Gold Equities

Source: Ron Struthers for Streetwise Reports   09/11/2017

Ron Struthers provides updates on gold’s movements and discusses a number of companies in his portfolio.

My last update on gold was the break out above $1300 in late August. I commented that I believed the next target was $1360 to $1400 where there would be some resistance in that area. We seen a test of $1360 last week and since my call of a bottom in early July, gold has moved up nearly $150. Now is the time to make some adjustments to our positions, raising stops and some part profits, in stocks we bought back in June and July.

This is a chart of December Comex Gold and I will be using this until year-end as it is most active. If we can break above $1375 we could see a very big move in the gold stocks, but we have to consider the downside here to, because an almost $150 run to the upside is significant. We will soon arrive at the annual weakness or take down in gold during November/December. Therefore, we will likely see the best prices here in September or October. Also note the managed money long position and Commercial short position are around levels where we often see price corrections.

Gold still has upside momentum and the longs are in control. There are a few bullish factors that are working for gold that could result in more upside in the next two months:
• North Korea tensions: Kim Jong Un seems determined to provoke the U.S. into something.
• General equity markets are overpriced and have seen some weakness, Gold often moves higher as money flows out of stocks into alternatives.
• The US$ has broken down and further weakness is likely.

The US$ Index has broken down further to a new low of 91.32 last Friday. I expect the 93 area will now be resistance on the up side and technically there is little support for the US$ until around 80 on the index. I have been bearish on the US$ since March and this is a chart I used then outlining a possible top and the green arrow is today’s update to this chart. I was concerned and watching for a break below 100 to signal a violation of the bottom of uptrend line and after that it was key for 93 area to hold and it has not. My comments have been nicknaming the rise since the election as the “Trump bump,” and since then, the “Trump thump.”

There are several bearish factors that could plague the US$ with more weakness. As I have been commenting, the Trump honeymoon is over and he is becoming a lame duck president. The old establishment and media are so focused on stopping and hindering anything he tries to do that little will get done. They will probably let him proceed with any of the dirty deeds like renegotiating NAFTA and, of course, the elite will be fine with their tax rate being lowered.

Further increases in interest rates will be a lot later than was expected, if at all. Fed members have been hawkish with comments about their concern with the inflation rate falling steadily this year. In July, Fed Chair Janet Yellen reiterated statements that Fed Governor Lael Brainard gave, namely that rates are close to a “neutral” level and not in need of rising much more. Recent economic numbers have been weaker as well.

Employment numbers have been missing expectations and generally so so under the Trump administration, averaging just over 170,000 per month since last October. Retail sales have been weak all year except for the
0.6% last reported for July. U.S. sales of new cars and trucks fell 2% in August, according to Autodata Corp, making it eight monthly declines in a row, the positive point is about one-half million flooded cars from Harvey will get replaced.

The Debt: Debt ceiling issue has only been put off until December 15th and Trump’s tax cuts and budget is another issue of uncertainty for the markets.

Some of my Canadian readers have been commenting that the gold stocks have not done that well, and in some cases that is correct, but another factor at play here is the drop in the US$. The loonie has gained about 11% on the US$ since June, so Canadians have lost 11% of gold’s gain and same with the gold stocks.

On the HUI (Gold Bugs Index) I pointed out the wedge formation in late June that I expected a break out to the up side and in late August a higher high on the index and just above 220 as my next target. We are now at that 220 level and about 225 up from the July low.

Updates

Raising stop/loss on Kinross Gold Corp. (K:TSX; KGC:NYSE) from C$3.90 to $5.10. OceanaGold Corp. (OGC:TSX; OGC:ASX) from $3.40 to $3.60. Argonaut Gold Inc. (AR:TSX) from $1.80 to $2.25

In July I suggested Call options on these three gold stocks:
Kinross Jan 5 Call $0.74 – now $1.12
Goldcorp Inc. (G:TSX; GG:NYSE) Jan 17 Call $1.47 – now $1.44
Yamana Gold Inc. (YRI:TSX; AUY:NYSE; YAU:LSE) Jan $3 Call 0.47 – now $0.95

Goldcorp has not done much but Yamana and Kinross have seen a decent move, up about 100% and if you bought on the US$ side you did much better. There is still lots more time on these but I would consider booking half profits now.

Jaxon Minerals Inc. (JAX:TSX.V) Recent Price $0.27

Entry Price $0.10 Opinion: Buy

The 1 to 1.25 share splits is complete so you now have 25% more shares. I reduced our entry price on the stock by 25% to reflect the split and rounded up to an even 10 cents.
Jaxon Mining Inc. has entered into a binding letter of intent (LOI) to acquire the historic Cronin silver-zinc-lead- gold mine, located 27 kilometres north of Smithers, B.C., in British Columbia’s Skeena Arch.

Summary
Jason Cubitt, Jaxon’s president and chief executive officer, comments: “The Cronin occurrence represents what we suspect to be the southern extent of our targeted mineralized trend. The type of mineralization and grade we see here is similar to our target silver mineralization at our Hazelton property and offers further evidence of the potential existence of a high-grade mineralized system of significant scale in this district. We look forward to applying modern technologies to the assessment of resource potential at Cronin and the rest of our landholdings in the area.”

Cronin Mine Background

The Cronin mine is located 15 kilometres southeast of Jaxon’s Hazelton property. First discovered in 1905, the Cronin occurrence has seen numerous periods of exploration, development and production. The mine comprises underground workings from which historical production from 1917 to 1974 yielded 262,668 ounces silver, 1,517,881 kilograms zinc, 282 ounces gold, 10,394 kilograms copper, 1,367,178 kilograms lead and 18,012 kilograms cadmium, according to B.C. Minfile 093L 127*.

The stock chart shows good support around $0.25 and I would continue to hold positions and consider buying on dips near that 25 cent level.

Garibaldi Resources Corp. (GGI:TSX.V) Recent Price $1.25

Entry Price $0.21 Opinion: Take part profits

The stock has been on a tear and despite drill news being a ways off we cannot ignore these profits. The stock is now up over 800% on the year and 500% form our buy level. You could sell 1/3 of your position and still have lots to ride any further gains risk free.

The latest move was spawned by news on visual observations of the drill core. that intersected two long intervals of nickel-copper sulphide mineralization totalling 176 meters and consisting of pyrrhotite-pentlandite-chalcopyrite in the first drill hole GGI’s E&L project at Nickel Mountain near Eskay Creek.

Significantly, borehole EL-17-01 was drilled away from the historical mineralized zones into a previously untested area in order to provide the best immediate platform for SJ Geophysics’ Volterra borehole EM (electromagnetic) survey as it gauges the orientation of conductor D. This new discovery convincingly expands the scale of the mineralizing system eastward from the high-tenor E&L mineralization and beyond the historical estimates from 12 shallow holes drilled by Silver Standard in the 1960s.

Additional highlights of the first drill hole:
• EL-17-01 entered mineralized gabbro beginning at a depth of 51 meters with disseminated sulphides continuing to 169.5 meters. A second section of disseminated sulphides started at a depth of 274.5 meters and continued to 332 meters.
• EL-17-01 remained in the E&L intrusive complex from the collar to the end of the hole at a depth of 441 meters. Core is being processed and assays will be reported as soon as possible.

Dr. Peter Lightfoot, an internationally recognized nickel sulphide expert and a technical adviser for Garibaldi, commented: “The first borehole encountered a sequence of rock types varying from ultramafic through chaotic-textured olivine gabbro and leucogabbro. Magmatic-textured sulphides with blebby disseminated sulphides occur in association with all rock types, except for the leucogabbro.

“The range in rock types, including the chaotic-textured rock types at E&L, are similar to those found in other global examples of nickel sulphide deposits hosted by small intrusions that provided very efficient magma highways from the mantle,” Dr. Lightfoot concluded.

True widths of the mineralized zones intersected in the first hole are unknown at this time.

Sanatana Resources Inc. (STA:TSX.V) Recent Price $0.045

Entry Price $0.045 Opinion: Buy

Sanatana released news on the first exploration results on their Jackfish property and they are off to a very promising start. The stock has really not moved at all yet so is still around our entry level and a good buy here on drilling speculation.

The channel samples were cut directly from the exposed bedrock surface at intervals of one meter in a continuous pattern traversing the trends of quartz veining present within the outcrop. All the samples were submitted to Actlabs in Thunder Bay, Ont., for fire assay analysis for gold.

The nine best channel samples on North zone ranged from 0.51 g/t to 16.2 g/t

Rudy No. 7 seen four very good channel samples at 3.38 g/t, 6.22 g/t, 10,9 g/t and 12.2 g/t

The North zone was previously stripped over a roughly rectangular area 12 meters wide and 24 meters long oriented north-south. From a total of 75 channel samples, seven samples across the North zone main mineralized quartz vein returned significant levels of gold, including an interval of two meters at 8.82 g/t (grams per tonne) gold and others around it of one meter at 0.51 g/t gold to the west and three meters at 0.55 g/t gold, three meters at 0.55 g/t gold and two meters at 1.12 g/t gold to the east, separated by a three-to-four-meter spacing along the vein.

The Rudy No. 7 showing was previously identified as a minor gold result hosted in iron formation that has now been exposed by the newly completed outcrop stripping as a ferruginous gold-bearing quartz vein. Three sets of channel samples cut across the quartz vein separated two to three meters apart along the vein returned assay results of one meter at 3.38 g/t gold and one meter at 12.2 g/t gold in the northern part and a best result of two meters at 8.56 g/t gold from four samples out of a total of 18 samples. This showing has been added to the drill target list for further testing at depth.

The Hematite zone proved too difficult to cut effectively due to the steep and undulating slope to the outcrop; however, washing down of the previous stripping revealed much more detail of the gold-mineralized quartz veining, and the Hematite zone remains a high-priority drill target for the upcoming drill program.

Significantly, the exploration permit for drilling has been granted, paving the way for the initial round of drill testing all priority targets: North zone, Hematite zone and the Cliff on the Richards et al property and showings No. 5 and No. 7 on the Wahl property. Drilling is expected to commence in mid-September.

Peter Miles, president and chief executive officer, commented: “We are pleased that Sanatana’s exploration program to date has confirmed and enhanced our understanding of the gold-mineralized occurrences on the Jackfish property. We are still in the very early exploration stages of the 3,664-hectare Jackfish property, and we look forward to beginning our initial drill program. This program will test five different targets, but it should be noted that exploration work continues to uncover new and potentially interesting showings.”

In addition to the geochemical work outlined above, the company has undertaken geophysical programs, including a 14-line-kilometre VLF-EM (very-low-frequency electromagnetic) survey, from the area of Cliff and North zones northward to cover much of the Wahl property for a total of 29 line kilometers at 200-metre line spacing over an area of approximately 4.5 square kilometers. The data are currently being processed and are expected to be available soon. A UAV (unmanned aerial vehicle)-platform-based airborne magnetic survey is planned to cover the same area of 6.3 square kilometers with a total of approximately 150 line kilometers at a line spacing of 50 meters. The survey will get under way soon and is expected to only take a matter of days to complete.

Channel samples provide a much better representation of mineralization than grab samples, they are like a surface drill hole. So we have very good zones on surface, the question is whether drilling will prove them up a depth and give some decent size.

Newrange Gold Corp. (NRG:TSX.V; CMBPF:OTCMKTS) Recent Price $0.53

Entry Price $0.08 Opinion: Hold, buy on weakness

Newrange will commence the second phase of drilling at its Pamlico gold project by Thursday this week. The drill rig, most support vehicles and equipment are on site. Principal objectives of this second phase of drilling are:
• Drill test and expand recently discovered high-grade gold mineralization in holes P17-08 and P17-10, situated approximately 54 metres from the high-grade Merritt zone;
• Drill test newly identified structural targets developed from recent detailed surface mapping and channel sampling between the Merritt zone and holes P17-08 and P17-10;
• Drill two deep stratigraphic test holes to assess potential for stacked favorable horizons that could be receptive for additional high-grade mineralization at depth. Additionally, important information about depth of oxidation and depth of water table will likely be obtained from these holes as well;
• The company is already preparing for a third phase of RC (reverse circulation) drilling that will target both stepout extensions and entirely new areas of the property based on continuing mapping and sampling programs. Geologic information related to gold mineralization obtained from the upcoming second phase program will be used to guide this third phase as well.

Last drill results from July were very good. Hole P17-17 intersected 0.8 meter assaying 244.3 g/t gold from 10.6 meters to 11.4 meters. This is the company’s second-highest-grade drill intercept to date and is included within a broader interval of 4.6 meters averaging 43.8 grams per tonne gold from 8.4 meters to 13.0 meters.

Hole P17-17 also intersected a second high-grade zone assaying 35.4 grams per tonne gold over 0.8 meters from 22.8 metres to 23.6 metres.

Hole P17-12 intersected 4.6 meters averaging 14.5 g/t gold within a broader interval of 13.7 meters at 6.0 g/t gold. Hole P17-18 intersected 2.3 meters averaging 58.5 g/t gold from 56.4 meters to 58.7 meters, within 9.9 meters averaging 15.27 grams per tonne gold from 54.1 meters to 64 meters.

The stock has come back and filled the gap when it popped from $0.45 to $0.65, something you will often see a stock do. If you did not buy back when it was a dime, dips below $0.50 would be a good entry level.

Victoria Gold and Zonte Metals

Victoria Gold Corp. (VIT:TSX.V) has been releasing drill results, with the latest today.

Highlighted results from exploration drilling at the Olive target this year include

• 33.3 meters of 1.54 grams per tonne gold returned from drill hole DG17-849C;

• 9.1 m of 3.14 g/t gold in drill hole DG17-856C;

• 13.9 m of 1.56 g/t gold in drill hole DG17-889C.

At Olive, 2017 diamond drilling activities totaled 2,428 meters from seven drill holes and were designed to target areas south and west of the Main Olive zone, areas that had received limited or no previous exploration drilling.

Zonte Metals Inc. (ZON:TSX.V) has completed its drill program on the adjacent McConnells Jest property and it is about 10 kilometers east of where Victoria was drilling. Victoria’s results might give an idea what we could see from Zonte.

I did a more detailed update last week on the Yukon explorers here.

Want to read more Gold Report articles like this? Sign up at www.streetwisereports.com/get-news for our free e-newsletter, and you’ll learn when new articles have been published. To see recent articles with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Ron Struthers: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Kinross Calls, Yamana Calls, Jaxon Minerals, Newrange Gold, Sanatana Resources, Garibaldi, Victoria Gold, Zonte Metals. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None
My company has a financial relationship with the following companies mentioned in this article: Jaxon Minerals, Sanatana Resources. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Victoria Gold. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Goldcorp, a company mentioned in this article.

Charts provided by the author.

(c) Copyright 2017, Struther’s Resource Stock Report

All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Because of the ever-changing nature of information & statistics the author/publisher strongly encourages the reader to communicate directly with the company and/or with their personal investment adviser to obtain up to date information. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Neither the information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The author/publisher of this letter is not a qualified financial adviser & is not acting as such in this publication.

( Companies Mentioned: GGI:TSX.V,
G:TSX; GG:NYSE,
K:TSX; KGC:NYSE,
STA:TSX.V,
VIT:TSX.V,
YRI:TSX; AUY:NYSE; YAU:LSE,
ZON:TSX.V,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17695

Aben Awaits Results in the Golden Triangle

Source: Bob Moriarty for Streetwise Reports   09/11/2017

The Golden Triangle is hot right now and Bob Moriarty of 321 Gold profiles one exploration company he expects to begin releasing drill results shortly.

With the mind blowing gold assays coming out of GT Gold Corp. (GTT.V) on July 25th of 10.67 meters of 13.03 g/t gold the shares of GTT blasted from $0.38 on when the news came out to a high of $2.41 five weeks later for a 500% increase. Shares of other companies nearby in the Golden Triangle went higher as well with Garibaldi Resources up 590% from $0.175 in late July to $1.21 on September 8 on nothing more than news about sulfide mineralization found at surface.

Like Garibaldi, Aben Resources Ltd. (ABN:TSX.V) is found in the center of the Golden Triangle yet it is only up 152% from $0.105 on July 26th to $0.265 on September 8th. But Aben is about to begin releasing results from a 2,500-meter diamond drill program in the next week or two. Historic results include 29 meters of 9.87-g/t gold and 11 meters of 33.4 g/t gold. Those holes are over 25 years old but found limited follow up due to high drilling costs and limited accessibility. Since then major changes have been made to road access and power has been put in.

A current reinterpretation has been made of the known data that led Aben to their latest drill targets. This is an interesting play because the historic holes were already better than those coming out of GT Gold lately. On September 5th, 2017, the company announced that visually the recent core appears to be similar to the historic high-grade core. We will know just how true that is shortly.

The Chairman of Aben is Ron Netolitzky, famed discoverer of Eskay Creek, the world’s highest-grade gold mine at the time. He knows the Golden Triangle; he’s been associated with it for nearly thirty years.

Their 23,000 square km flagship Forrest Kerr Gold project in the Golden Triangle measures 50 km long and up to 6 km wide. In addition the company has two other drill ready gold projects including their Chico gold project about 125 km east of La Ronge, Saskatchewan and 40 km south of Silver Standard Resources’ Seebee/Santoy mine and a 18,314 acre Justin gold project in the Yukon immediately southeast of Golden Predator’s 3 Aces gold project.

Right now the Golden Triangle is hot. Aben will be releasing drill hole assays shortly. The shares could prove explosive.

Aben is an advertiser and I do own shares purchased in the open market. That makes me biased. Their website had excellent information and as always I encourage potential investors to take the responsibility for their own due diligence and investments. While the race is not always to the swiftest, that is the way to bet.

Aben Resources
ABN-V $0.265  (Sep 08, 2017)
ABNAF-OTCBB 26.5 million shares

Aben Resources website

Bob and Barb Moriarty brought 321gold.com to the Internet almost 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Aben Resources. Aben Resources is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

( Companies Mentioned: ABN:TSX.V,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17694

Silver Lags Gold But Signs Point to End of Bear Market

Source: Clive Maund for Streetwise Reports   09/11/2017

Technical analyst Clive Maund finds that signs are emerging that silver is getting read to break out.

On its long-term 10-year chart silver superficially looks like it may
still be in a bear market, but on more careful inspection we can see that a large Head-and-Shoulders bottom pattern is completing, which is
tilted compared to the similar pattern that is completing in gold,
because silver tends to underperform gold at the end of bear markets and
the beginning of bull markets. As we can see, unlike gold, it is still
some way from breaking out of this base pattern, but should do so not
long after the dollar breaks down from its Broadening Top, that we look
at in the parallel Gold Market update.

Volume indicators are most auspicious, with the On-balance Volume line
in particular looking very bullish indeed, since it is already at new
highs, which is remarkable given that the silver price is still a long,
long way from its 2011 highs. Since silver is in the late stages of
forming the Right Shoulder of its H&S bottom it is at a good point
to accumulate, although given that there is considered to be a high
chance of a near-term relief rally in the dollar before it finally
collapses, we may see an even better price in coming days and weeks,
although this is likely to be the last chance to buy silver anywhere
near to its bottom for this cycle.

On silver’s 6-month chart we can see that it is at a good point to react
back on a near-term dollar bounce, because it has arrived at the top of
the channel shown in an overbought state, and any such reaction will be
regarded as throwing up a buying opportunity, especially if it should
break down from the channel and drop back towards its July lows,
although it is considered unlikely that it will drop back this far.

Copper reacted sharply on Friday, and as it has been leading the metals
in the recent past, this is viewed as an additional sign that a dollar
bounce is pending and a near-term reaction in gold and silver. The
latest copper chart may be viewed in the new Gold Market update.

Clive Maund has been president of http://www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.

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Disclosure:
1) Statements and opinions expressed are the opinions of Clive Maund and not of Streetwise Reports or its officers. Clive Maund is wholly responsible for the validity of the statements. Streetwise Reports was not involved in the content preparation. Clive Maund was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
2) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

Charts provided by the author.

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17693

Gold Continues Toward Its Breakout

Source: Clive Maund for Streetwise Reports   09/11/2017

Technical analyst Clive Maund charts the relationship between gold and the U.S. dollar.

Gold continues to build towards its breakout from a massive 4-year long
base pattern. This is likely to occur when the dollar breaks down from
its topping pattern, and is expected to lead to a bull market that will
dwarf the last one from 2001 through 2011, and may be given a tailwind
when the cryptocurrency Ponzi scheme implodes. In some quarters gold is
being described as having broken out already, as are gold stocks, but
they haven’t yet, as we will see, and we will also look at evidence that
points to the probability of a short- to medium-term dollar bounce and a
pullback in the precious metals sector before the big breakout occurs.

On gold’s 10-year chart we can see its fine giant 4-year long
Head-and-Shoulders bottom approaching completion, with the price rising
up in recent weeks to the broad band of quite strong resistance at the
top of the pattern, partly due to tensions over North Korea. These are
expected to ease, which will make a short-term correction back more
likely. Before leaving this chart note the volume build on the rally out
of the Right Shoulder low of the pattern, and the strength of the
volume indicators shown, especially the Accum-Distrib line, which rather
amazingly is already at new highs. This certainly bodes well for the
longer-term outlook.

Over the near-term, however, various factors indicate that the
probability of a reaction back is high. On the 6-month chart we can see
that last week the price rose up to the top of its uptrend channel where
a prominent “spinning top” candlestick formed on Friday, with the RSI
indicator critically overbought, making it likely that gold will react
back at least to the lower boundary of this channel. The overbought MACD
and sizeable gap with the moving averages also increase the risk of a
reaction.

Like gold itself, gold stocks are preparing to break out of a giant
4-year long Head-and-Shoulders bottom. They are still quite a way from
having broken out, as we can see on the 10-year chart for GDX shown
below, and vulnerable to a near-term reaction on a dollar rebound, that
should not see them lose much ground. The big volume on the rally during
the first half of last year showed that the bottom was in and that a
major new bull market is in prospect. The formation of the Right Shoulder
of this H&S bottom served to correct this strong advance.

A big reason for gold to react back again soon would a rebound by the
dollar, which is made more likely by the fact that a lot of commentators
are reading it its “last rites”—it’s not that they are wrong, it’s
just that there are a lot of people of one side of the boat now, so they
may prove to be wrong short-term but right longer-term.

We will now look at some of the big reasons that the dollar could rally
soon. On the 8-year chart for the dollar index we can immediately see
one of them—the dollar has now arrived at the lower boundary of a
large Broadening Top pattern in an oversold state, and while it is
believed to be destined to break down from this pattern in due course,
it looks likely that it will bounce of its lower boundary over the
short to medium-term to correct the oversold condition before going on
to break down later.

Another important factor suggesting that the dollar is likely to rally
short-term is the latest dollar Hedgers chart, which is now quite
strongly bullish. On this chart we see that large Commercial Hedgers,
who are almost always right, have cashed in nearly all of their net
short positions for a nice fat profit, so that they are now at a very
low level, and they would be unlikely to do this if the dollar was set
to drop much further. On this chart we also have the benefit of seeing
what happened to the dollar soon after they did this on earlier
occasions. As we can see it usually rose.

Click on chart to popup a larger, clearer version.

Chart courtesy of http://www.sentimentrader.com

Those who think that the dollar will plunge because Nicolas Maduro of Venezuela has announced that his beleaguered country will stop selling in oil in dollars
are likely to be disappointed. President Maduro would be well advised
to look up what happened to Saddam Hussein after he proposed doing the
same, and we must assume that either he doesn’t know his history, or is
tired of being president of a failed state and is contriving a way to be
forcibly removed from office.

We have seen how copper, known as Dr. Copper because it tends to lead the
economy and lead the metals, has been in the vanguard of the recent
metals rally. Thus it is interesting to observe on its 6-month chart
below how it suddenly dropped hard on Friday having become overbought,
which is thought to presage a dollar rebound and a near-term drop by
other metals, like gold and silver.

Conclusion: the long-term outlook for gold couldn’t be better with it
looking destined to break out from a giant 4-year long base pattern to
enter a bull market that promises to dwarf the last one, as the dollar
collapses and China (and possibly Russia and other countries) backs its
currency with gold, and the cryptocurrency Ponzi scheme implodes, with
the liberated funds (or what’s left of them) flowing into gold and
silver. Cryptos got a shock late last week when China reportedly revealed that it was set to close local exchanges.
From China’s standpoint cryptos are a needless risk to its citizen’s
capital, and represent potential competition for its future
gold-backed yuan, albeit not for any intelligent person, and are a
nuisance that it can deal with simply by banning them, which as a
Command Economy that can ignore criticism, it has the power to do.
Near-term gold is looking set to react back as the dollar bounces off
support with tensions over North Korea easing as the U.S. has no choice but to
accept that North Korea has graduated to the nuclear club, even if it
cannot be described as one of its august members.

Clive Maund has been president of http://www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.

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Disclosure:
1) Statements and opinions expressed are the opinions of Clive Maund and not of Streetwise Reports or its officers. Clive Maund is wholly responsible for the validity of the statements. Streetwise Reports was not involved in the content preparation. Clive Maund was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
2) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

Charts provided by the author.

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17692

Jack Chan’s Weekly Precious Metals Update

Source: Jack Chan for Streetwise Reports   09/10/2017

Technical analyst Jack Chan charts the latest moves in the gold and silver markets.

$BPGOLD

Our proprietary cycle indicator is up.

HUI Gold BUGS Index

Gold sector is on a long-term buy signal.

Long-term signals can last for months and years and are more suitable for investors holding for long term.

HUI Gold BUGS Index

Gold sector is on a short-term buy signal.

Short-term signals can last for days and weeks, and are more suitable for traders.

Gold

Speculation favors overall higher gold prices.

HUI Gold BUGS Index

$HUI is at the 2017 high of 220, which is minor resistance.

Major resistance is the 2016 high at 280.

Silver

Silver is on a long-term buy signal.

iShares Silver Trust

SLV is on a short-term buy signal, and short-term signals can last for days to weeks, more suitable for traders.

Silver

Speculation favors overall higher silver prices.

Summary:
Precious metals sector is on major buy signal.
Cycle is up.
COT data is supportive for overall higher metal prices.
We are holding gold related ETFs for long-term gain.

Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the U.S. dollar bottom in 2011.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Statements and opinions expressed are the opinions of Jack Chan and not of Streetwise Reports or its officers. Jack Chan is wholly responsible for the validity of the statements. Streetwise Reports was not involved in any aspect of the article preparation or editing so the author could speak independently about the sector. The author was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
2) Jack Chan: We do not offer predictions or forecasts for the markets. What you see here is our simple trading model, which provides us the signals and set-ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion. We also provide coverage to the major indexes and oil sector.
3) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

Charts courtesy of Jack Chan

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17691

‘Slow-n-Steady Success’ Wins Two Buy Recommendations for Gold Explorer

Source: Streetwise Reports   09/07/2017

Resource Maven and Haywood Securities analysts focus on the recent discoveries made and projections for the next drill results.

On August 30, Liberty Gold Corp. (LGD:TSX) announced additional success toward its objective “to drill under and adjacent to four historic open pits (Covington, Moosehead, Caribou and Beavertail) in order to demonstrate continuity of gold mineralization over the entire zone” at its 100% owned Goldstrike project.

Gwen Preston of the Resource Maven newsletter followed the announcement with a Buy recommendation, a re-cap of Liberty Gold’s summer progress and long-term discovery goals. 

In the Aug. 30 issue of Resource Maven, Preston looked back at the BLM’s approval of “Liberty Gold’s Plan of Operations for Goldstrike” in late June, which extended the company’s reach from 10 acres to 77 acres.  She pointed out that “even with the 10-acre limitation Liberty had managed to drill 44,000 metres in 281 holes, but the work tested less than 10% of the target areas.”  She then asked, “What will they find on the 90% of the property they haven’t tested yet” now that the company has access to 77 acres?

Preston explained that the “Claron formation from where it outcropped and was mined down dip and under cover” and “testing rock horizons previously assumed barren for gold mineralization” are the two types of targets at Goldstrike.  “The work has been very successful. The Claron formation does consistently continue under cover and keep carrying gold. And the gold seems to continue into the underlying carbonate rocks for some distance.”

She concluded that “Liberty is doing exactly what it said it would do at Goldstrike” and that “an initial resource estimate is likely early next year and perhaps that will help the market realize what is taking place here. Investors may like hot holes but slow-n-steady success delineating large areas of shallow gold will also work. It just takes time.”

Haywood Securities analyst Mick Carew stated in an Aug. 21 report that drill results from the Mineral Mountain target at Goldstrike “successfully demonstrated the potential for near-surface gold mineralization over a strike length of around 1 km.” He continued by pointing out that the approval of the plan of operations “now covers approximately 50% of the Goldstrike project area and allows for up to 368 drill pads.

“The Company recently added a third RC drill to the project to expedite infill, step-out, and exploratory drilling. We anticipate the release of the pending drill results from the current program,” Carew concluded.  Haywood has a Buy rating on Liberty with a target price of $1.00.

Liberty Gold Corp. is currently trading $0.50.

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Disclosure:
1) Melissa Farley compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an employee. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Liberty Gold Corp. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Additional disclosures about the sources cited in this article

( Companies Mentioned: LGD:TSX,
)

from The Gold Report – Streetwise Exclusive Articles Full Text https://www.streetwisereports.com/pub/na/17690