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November 7th, 2019
Dear Valued Readers,
Welcome to all our new subscribers! We have a new sponsor this week and you can read all about them in the green section below.
The Dow closed at 27,492.56 yesterday and is continuing to set new all time highs. Charts like the Dow make me nervous (uncharted territory) and if you look at the end of 2018 we had the big dip to 21,712.52 (a drop of about 4,000 points in Dec. 2018).
The US Drama continues, "Congressional Democrats have announced the first public hearings next week in an inquiry that may seek to remove President Donald Trump from office." [ Read Full Article ]
Sad news out today, "Attack near Semafo mine in Burkina Faso results in the death of at least 37" [ Read Full Article ] Semafo trades on the TSX under the symbol SMF.
The stock was down 11.2% yesterday.
Gold is currently ranging between $1480USD/oz and $1515USD/oz. Which way will it break, up or down? Executive Chairman on Auryn Resources expresses his opinion:
"We are on cusp of the most historic gold and silver price rallies in our time." [ Listen Here ]
Canada's election resulted in a minority Liberal Government.
Upgrade your subscription to MTN Platinum ---> [ Here ]
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Editorial Comments:
Auryn Resources ( AUG TSX-Venture ) [ Auryn Web Site ] [ I own some of it, I do not work for them. ] Well Auryn has had quite the ride since our last newsletter. It was at $1.70 on October 17th and then it dipped to a low of $1.46 on October 21st and 22nd. Cheap stock to be had! Then on October 25th they released their Committee Bay drill results and then on the 28th they announced amazing surface results from their Curibaya property in Peru. The results are over a large area and some of the grades are spectacular. Of course they are only surface samples but it is encouraging! The stock rebounded to a high of $2.10 and closed yesterday at $1.86. A bit of a YoYo for sure!
What is getting my attention though is the trading volume. The stock has been trading more volume than normal this past week. Since October 21st, Auryn has traded 3.9 million shares at an average price of $1.855. Over the last month traders through CIBC have bought a net position of 746,465 shares, $1.3M worth of stock. Can the volume continue? There are more Curibaya results pending, news could come any day.
October 25th: Auryn Drills Gold-Bearing Hydrothermal System at Committee Bay
Highlight: "30 meters of 0.67 g/t gold, including 1.5 m of 5.03 g/t gold"
October 28th: Auryn Samples High-Grade Silver and Gold over 4.5 km² at Curibaya
"Vancouver, Canada – October 28th, 2019 – Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“Auryn” or the “Company”) is pleased to announce initial rock sampling results from the newly acquired Sambalay and Salvador concessions at the Company’s 11,000 hectare Curibaya project located in the Tacna province in Southern Peru. High-grade mineralization was sampled throughout a 1.5 kilometer by 3 kilometer quartz – sericite – pyrite alteration system with more than 20 samples above 200 g/t silver and multiple results over 1,500 g/t silver and up to 7.67 g/t gold (Figures 1 & 2). The project is situated in a copper porphyry belt that hosts some of Peru’s largest porphyry deposits, including Freeport McMoRan’s Cerro Verde deposit, Southern Copper’s Cuajone and Toquepala deposits and Anglo American’s Quellaveco deposit."
Presentations/Interviews:
October 30th: Proactive Interview [ View Here ]
October 29th: Financial Survival Network Podcast: [ Listen Here ] June 16th, 2019 Investment Recommendation: Roth Partners Target $3.25USD [ View Here ] Precious Metals Summit: [ 15 Minute presentation ] [ PDF of the slides ]
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Do your own research!
More stocks and more commentary in our next newsletter!
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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