dec 24 JMU

Juniors PGEN Marines Update (JMU).

(Pronounced “JAYMEW”)


Dec 24, 2015


Junior PGEN Marines Update


  1. Yesterday, gold & silver bullion was down….
  2. And gold stocks & silver stocks…. were up again!
  3. Today, both are up!
  4. Please click here now: That’s the First Majestic daily chart. There’s a small breakout in play, and the stock is holding nicely above recent lows.
  5. First Majestic owns 5 producing mines in Mexico, and has over 100 million ounces in reserves. Keith Neumeyer runs the show, and he’s recently started another interesting company, which I’ll get to in a moment.
  6. At about $3.40 a share, I would be a First Majestic buyer about every 25 cents down, from the $5 area to $3. From $3 to zero, I’d be a buyer every ten cents down.
  7. So, right now it’s in the “25 cent increments” pgen zone.
  8. Please click here now: That’s the website for Keith’s other company, recently formed First Mining Finance.
  9. What Keith has done is put together what he calls “bankable assets”, in terms of mining properties.   These are mining properties can a bigger company would be willing to develop in an eager manner…. But not right now.
  10. Please click here now: That’s the First Mining Finance daily chart.
  11. It’s already the largest holding in the GLDX gold explorers ETF, with a huge 12{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} weighting.  Note the excellent technical action in response to the 5,15 moving average series crossover buy signals.
  12. I’ve highlighted those with blue circles. There’s also a potential H&S bottom pattern of size in play.
  13. Please click here now: That’s the Lakeshore Gold chart.
  14. There’s a nice H&S bottom in play. Lakeshore operates in Ontario with 2 mines. They don’t have massive proven and probable reserves, but they have about 2.5 million ounces of measured and indicated, and about the same for inferred.
  15. They are producing at just under 200,000 ounces, with all-in (AISC) costs… of under $900!
  16. Please click here now: GDXJ has become a fund with a lot of intermediate producers in it….
  17. Trading at raw junior gold stock prices!
  18. After an apparent downside breakdown trumpeted by all the Western gold guru bear market label makers, GDXJ gapped higher yesterday, right into your Christmas cusp of the bull era stocking!
  19. Note the phenomenal budding momentum style buy signal on Tony the Tiger, right in the 50 zone, at the bottom of the chart.
  20. Gridtime! A lot of gold stocks finished the year by making the way to your Santa stocking. Some of them are now at multi-year highs, and I’ll be covering more of them for you, over the weekend. Enjoy it!


Kirk Jr. on the gold explorers bridge, out!




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