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July 5th, 2019
Dear Valued Readers,
Happy belated Canada Day and Independence Day! Welcome to all the new subscribers! I'd like to thank Blue Sky Uranium ( BSK TSX Venture) for being our advertising sponsor over the past few months. If you didn't respond to past information in our newsletter about them, you can visit their website to get up to speed. [ Blue Sky Uranium Website ]
The Dow Jones Industrial Average almost hit 27,000 last October and then promptly dove to 21712.53 in December. Then it turned and now we are back to 26,966.00 (Wednesday's close). Going higher? Probably.... I'm more interested in GOLD. Further comments below.
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Editorial Comments:
GOLD [ CHART ] was $1266 US/oz at the end of April, recently broke the $1380 Fibonacci Resistance and hit $1437 this week! I was trading gold and it was extremely volatile, sometimes moving $10 in a matter of a couple hours.Gold was moving up in June even though the US $ was gaining strength against the Euro. Now the EUR/USD [ CHART ] is sitting at a channel point and support, I'm thinking it will continue its weakening (helps gold), but we will see how it unfolds.
Auryn Resources $AUG #TSX was mentioned a few weeks ago at $1.53. I own a position and have owned it for years. If you listen to any interviews or have done any research on the company you would be extremely excited about the potential of their drill programs this year.
Last week they raised $1.9 Million at $3 a share (stock is currently trading $2.19) and are about to start their drilling at Committee Bay any day. Once it breaks the current range its in, I see resistance at approx. $2.75 and then approx. $3.60. The 5 Year high is $4.20.
Watch the 9 minute presentation:
I'm even more excited about their property in Peru.
Search youtube for "Auryn Resources Sombrero" and you will get many presentations.
The deposit looks like it could be massive, they are waiting for permits, then they drill to see what lies beneath. Take the time to watch a couple of the presentations, Ivan explains it so well, it is time well spent. More stocks and more commentary in our next newsletter!
PS: I'm going to talk to the boss and see if we can have a give away soon. Stay tuned!
Treat this section as a very opinionated BLOG.
I do not provide trading advice and you should do your own research. |
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