aug 6 JMU

Juniors PGEN Marines Update (JMU).

(Pronounced “JAYMEW”)

 

Aug 4, 2015

 

Junior PGEN Marines Update

 

  1. Barrick released their earnings after the close yesterday.
  2. I’m impressed with the overall attempt to reduce AISC. It’s too bad they didn’t act like this 15 years ago, instead of just shorting gold, and then diluting the shareholders to pay for the losses.
  3. While Barrick isn’t the direct concern of a junior gold stock investor (you), it is good news to see the leader pumping out some cash flow while gold is down. Their guidance is for even lower AISC in the next 4 months.
  4. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/08/2015aug5mux1.png That’s the McEwan Mining daily chart.
  5. There’s a rare (but tiny) diamond pattern in play. I find it a little odd that the stock rallies 9 cents yesterday, and then today, magically, it falls 9 cents.
  6. Regardless, I’ve been a buyer in the 70 cent area.
  7. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/08/2015aug5scif1.png That’s the India small caps ETF.
  8. The price is reaching towards the neckline! Options fans may want to take a look at it, in anticipation of a possible upside breakout.
  9. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/08/2015aug5z1.png That’s a news update for Zijin Mining, the largest gold mining company in China.
  10. I cover it on the juniors site, for two reasons. First, hundreds of millions of Chinese citizens will enter the middle class in China over the next 3-5 years.
  11. Note the words from George Fang: “We will not stop.”
  12. If YOU had 500 million goldaholics lining up over the next five years, to demand ever-more gold from your mines, would YOU say, “I will not stop getting more gold!” ?
  13. Of course you would. It’s very easy to forget what is actually going on, to build the bull era, as you turn on your Western World Propaganda News Network each day, and almost the entire population of the West takes turns bashing gold.
  14. Zijin is trading at 2 dollars HKD. That’s about 30 cents a share in USD!
  15. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/08/2015aug5ura11.png That’s the daily chart for URA, the uranium stocks ETF.
  16. It looks like it’s getting ready for a solid rally. I like the action of the 14,7,7 Stochastics series, the moving averages, and the RSI indicator.
  17. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/08/2015aug5u1.png That’s the daily chart of the uranium fund.
  18. While there’s a triangle pattern that makes price direction ambiguous, Stochastics, RSI, and the overall price level suggests a big rally can happen.
  19. Obviously, if URA and U.to can rally strongly, many of your individual yellowcake stocks can rally in a very big way.
  20. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/08/2015aug6kin1.png That’s the daily chart for KINGOLD. (KGJI-NASDAQ).  
  21. It’s one of the largest jewellery manufacturing companies in China, although it’s dwarfed by the King of Gold’s Rajesh Exports of India.   Regardless, I own it, via pgen, every ten cents down, all the way to zero. I definitely want a full pgen, with bigger buys at every entry point.
  22. Also, the bigger point is that it’s very difficult for your mines to surge higher when Chinese jewellers are struggling, either at the manufacturing level or the retail level.
  23. Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2015/08/2015aug6chow1.png That’s the daily chart for the retail side of things, via Chinese jeweller Chow Tai Fook.
  24. Gridtime! Barrick is soaring 7{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} higher today. Some questionable gold writers tried to claim the dividend cut from 5 cents a share to 2 cents was a negative, but the stock price has fallen by about the same percentage in the past few months. Kingold is sporting a bull wedge pattern, Barrick is coming alive. Chow Tai Fook has not joined the party, but it does offer value, and I’m pgen buyer to zero, with a bull era big picture outlook that bodes well for your mines. Zijin has a 10 cent a share offer on the table for Phoenix Gold in Australia, which has over 3 million ounces of gold. The world King of Gold, Raj Mehta of Rajesh Exports, has stated he’s going to spend $700 million on buying Australian mines. Overall, all gold analysis roads must lead to the Chindian-focused bull era, and they do! Let’s hit the gridlines now, as Primero (PPP-nyse) and Batero (BAT.V) prepare to stage what could be a major rally over the next 4 -8 weeks, joined by most of the junior gold stocks sector! I’ll see you there!

 

 

 

 

Kirk Jr. on the gold explorers bridge, out!

Thanks!

           Cheers

           St

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