Peter Schiff: Janet Yellen Much Ado about Nothing - Gold And Golden Cross MUX TNR.v GLD GDX ABX NG

Gold Has Completed The Golden Cross, Major Bullish Reversal Is Underway MUX TNR.v GLD GDX

  Gold has completed The Golden Cross and major Bullish Reversal is underway after this "FOMC week" correction. Now we should move much higher and Goldman Sachs with its call for Gold $1,050 by the end of the year is the very good contrarian indicator. 

  By the way, very interesting situation was happening today with McEwen Mining. Somebody from Goldman Sachs was all over the bids and MUX was traded with total volume of 20.7 million shares and Up 8%. (Update: Now with all after hours trades accounted the total volume between NYSE and Toronto stands at 30.8 million shares vs average volume of 3.5 million shares). That Somebody was caught Very Short after McEwen Mining run this year up to $3.74 and this "FOMC Week" That Somebody was "coincidentally happy" with MUX hitting low of $2.66 before very strong rebound and close at $2.88. Can we talk about manipulation again? One trade was particularly notable in the after hours: at 16.32 9.5 million shares were traded at $2.8804. Last month at the end of February  the total short position in MUX was reported at 25.5 million shares, so somebody used this week the opportunity to close at least part of it.
  The upgrade from Cowen and Company has added to the fire: McEwen Mining Price Target increases to $4.57. One more reason for the huge volume spike was mentioned as the rebalancing in GDXJ - Junior Miners ETF. We will see in a week time the change in the short position in McEwen Mining to find out the real picture.
  Now we have the Volume Buy Signal in McEwen Mining and this rebalancing has coincided very nicely with the "FOMC Week" Gold sell off and shaking the weak hands out of the company stock. We will see what will happen next week and will monitor the Gold Golden Cross media talk this weekend.

  Small change games around TNR Gold could be ended in tears for the "players" as well very soon. The penny stock was sold into 3 cents on no volume again today. Next move in McEwen Mining and very strong announcements from International Lithium this week will change the picture very fast, TNR Gold holds 25.5% In International Lithium, shares of McEwen Mining and back-in right into Los Azules Copper project with McEwen Mining.

Please Note our Legal Disclaimer on the Blog, including, but Not limited to:

There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.

We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.

Koos Jansen On Why China Is The Gold Manipulation Culprit - Gold Demand 488 MT YTD, Up 29%. MUX TNR.v GLD GDX ABX NG

  

  Koos Jansen is doing the great forensic investigation reporting on the real Gold market in China. The demand for Gold in China is not slowing down this year in anyway according to Koos: Chinese Gold Demand 488 MT YTD, Up 29%.

Gold Has Completed The Golden Cross, Major Bullish Reversal Is Underway MUX TNR.v GLD GDX

  Gold has completed The Golden Cross and major Bullish Reversal is underway after this "FOMC week" correction. Now we should move much higher and Goldman Sachs with its call for Gold $1,050 by the end of the year is the very good contrarian indicator. 

  By the way, very interesting situation was happening today with McEwen Mining. Somebody from Goldman Sachs was all over the bids and MUX was traded with total volume of 20.7 million shares and Up 8%. (Update: Now with all after hours trades accounted the total volume between NYSE and Toronto stands at 30.8 million shares vs average volume of 3.5 million shares). That Somebody was caught Very Short after McEwen Mining run this year up to $3.74 and this "FOMC Week" That Somebody was "coincidentally happy" with MUX hitting low of $2.66 before very strong rebound and close at $2.88. Can we talk about manipulation again? One trade was particularly notable in the after hours: at 16.32 9.5 million shares were traded at $2.8804. Last month at the end of February  the total short position in MUX was reported at 25.5 million shares, so somebody used this week the opportunity to close at least part of it.  
  The upgrade from Cowen and Company has added to the fire: McEwen Mining Price Target increases to $4.57. One more reason for the huge volume spike was mentioned as the rebalancing in GDXJ - Junior Miners ETF. We will see in a week time the change in the short position in McEwen Mining to find out the real picture.
  Now we have the Volume Buy Signal in McEwen Mining and this rebalancing has coincided very nicely with the "FOMC Week" Gold sell off and shaking the weak hands out of the company stock. We will see what will happen next week and will monitor the Gold Golden Cross media talk this weekend.

  Small change games around TNR Gold could be ended in tears for the "players" as well very soon. The penny stock was sold into 3 cents on no volume again today. Next move in McEwen Mining and very strong announcements from International Lithium this week will change the picture very fast, TNR Gold holds 25.5% In International Lithium, shares of McEwen Mining and back-in right into Los Azules Copper project with McEwen Mining.

Please Note our Legal Disclaimer on the Blog, including, but Not limited to:

There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.

We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.

McEwen Mining And TNR Gold: Report - Argentina Is In The Mood For Change On Investment Policy TNR.v, MUX, LCC.v, SSRI, PAA

  Argentina mining landscape is changing for the better according to the report by BN Americas. Lumina Copper is trading above CAD 6.00, McEwen Mining is breaking out to the upside and TNR Gold has found some bids as well recently.

Los Azules Copper - McEwen Mining And TNR Gold: Yamana Gold to invest $450 million in Argentine mine MUX, TNR.v, LCC.v

  "It looks like the shift in Argentina for the better is happening for real this time. Rob McEwen has discussed it in his recent presentation and that in his opinion "we have seen the low in Argentina after  a lot of disappointment". Shevron special Shale Oil deal, repayment to Repsol and now Yamana Gold investment are certainly the things we would like to see now after elections. Lumina copper is holding above CAD5.00 these days and McEwen Mining and TNR Gold should benefit from Los Azules copper revised valuation now."

BN Americas:

Argentina is in the mood for change on investment policy, say silver producers

By Alex Emery - Thursday, December 5, 2013

Argentina's government is reaching out to investors as it prepares for a "smoother transition" in the country's next presidential elections, according to silver miners including Pan American Silver (TSX: PAA).

Investors have drawn hope from President Cristina Fernández's cabinet changes after her party lost recent regional elections, Pan American CEO Geoff Burns said. New cabinet chief Jorge Capitanich is "doing all the things you'd hope Argentina needs" to attract investment, Burns said.

"We're starting to see a glimmer of hope that we haven't seen in two-and-a-half years," Burns said Wednesday at the Scotiabank mining conference in Toronto. "Things are changing right now in Argentina."

The governor of Argentina's Chubut province, where Pan American's Navidad deposit is located, last week requested a meeting with the company in a bid to restart the project, Burns said. Pan American, which also operates the Manantial Espejo silver-gold mine in the Santa Cruz province and has the Calcatreu gold deposit in Río Negro, took a US$100mn writedown for Navidad in the fourth quarter of 2012 after the province failed to overturn a ban on open-pit mining.

Chubut province now appears to be ready to ask the company what it needs to go ahead with Navidad, according to Burns. "I've been waiting for (them to ask me) that question for the past year-and-a-half," Burns said.

The Argentine government has also eased import restrictions for mining equipment, said Silver Standard Resources (Nasdaq: SSRI) CEO John Smith. Vancouver based Silver Standard operates the Pirquitas silver-zinc mine in the Jujuy province and is exploring the Diablillas gold-silver deposit in the Salta province.

Capitanich, who may be the ruling party's candidate in the next presidential elections, has shown himself to be more open to dialogue including holding weekly press conferences, Smith said.

"It's been a difficult place to work, there's no doubt about it. You never know what's going to happen day after day," Smith said. "But there's definitely a mood for change as they work towards a transition to the next presidency."

Fernández, who has nationalized industries and maintained currency and capital controls during her two consecutive terms, cannot run in the next elections under Argentine law."

Please Note our Legal Disclaimer on the Blog, including, but Not limited to:

There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.

We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.