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..
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