First of all, Hello, and i hope this finds you well. I have been on the road for the last 2 months, traveling the highlands of South America, mainly hanging out in Medellin, Colombia. Therefor I have neglected my blog and haven’t updated any new content. Instead i am in management mode with my positions … More Bottom Fishing in Uranium
Today i explore the effects that the rate cycle would have on the markets and potential opportunities. FOMC June 19th FOMC rate cut is 23% probability of a rate cut 25 basis points and a 77% chance of no action. Whilst the July FOMC is pricing in 83% chance of a rate cut. FOMC July … More The Coming Cutting Cycle.
I have been waiting to get further confirmation of a potential short squeeze in Silver, This week we saw a few more key factors to turn in our favour and it seems that the stars maybe aligning. I wrote a piece on the 26th May; https://258capital.com/2019/05/26/rising/ suggested that, without a large move in Silver, Miners … More Potential Silver Squeeze looms..
Following up on my post from last week, https://258capital.com/2019/06/01/the-great-australian-break/ I will review the winners as well as look for opportunities for the weeks ahead. As expected, $AUD XAUAUD Gold continues to break higher. Reaching $1920aud and closing in on 2K Gold. $AXGD Gold miners index continues to march forward, printing another bullish candle. Late week … More AXGD Week in review.
Australian Dollar Gold price closes on both on the weekly and monthly all time highs ending of May 2019, with a price of 1883aud per ounce. Looking at the technical picture, it couldn’t look more bullish. Weekly Chart, shows Gold piercing the topside and breaking out of a 5 month range bound trade. Monthly Close … More The Great Australian Break
A quick write up of my weekly thoughts, Watching the Gold and Silver mining sector action this week and i continue to see a large discount between the miners of quality i.e Kirkland lake or Northern Star versus the explorers / developers stories in the sector. All the money seems to be very concentrated into … More Rising Tide, Yet to come.
Note: I was going to post this on Friday 17th May. But i felt today was a good day to do so after, SBM.ax acquires Atlantic Gold for 41% premium cash offer at $2.90 per share. This is the third in a few months, after Newcrest acquisition of 70% Red Chris mine in Canada recently … More Matador Mining – An interesting Opportunity