Juniors PGEN Marines Update (JMU).
Feb 15, 2016
Junior PGEN Marines Update
- Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/02/2016feb15bit1.png Sir Bit (bitcoin) was a little late in joining the risk-off party but…
- He’s here now!
- Bitcoin continues to trade with ever-more stability. This coincides with the transition from the cusp of the gold jewellery-oriented bull era, into the meat and potatoes zone of it.
- I’ve told you that the PBOC is not “desperately trying to stop the yuan from tanking”, like the gold guru gumbies claim, but instead it is actually trying to make it more market-oriented.
- Regardless, the yuan soared against the dollar last night, and helped create a surge into risk-on assets around the world.
- Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/02/2016feb15j1.png That’s the GDXJ daily chart.
- Note the circled breakout in green. I don’t like the phrase “It will be interesting to see what happens” that a lot of analysts use, when the don’t know what is coming, but in some cases, it’s important to wait for certain reports or events, before doing any analysis.
- In this case, it’s clear that GDXJ has staged a clear breakout out of the rectangular base pattern. It’s going to be interesting, in this case, to see how gold stocks respond to the sell-off in the gold price.
- In a normal market, the breakout is followed by a pullback, but YOU are in the gold stocks market, the JUNIOR gold stocks market, where banks can engage in massive naked shorting scams, while regulators clap wildly, for the perpetrators of the scams.
- It’s very important to understand that the banksters have the idea of reverse splitting GDX on their minds.
- They would buy it in epic size, if they achieved that, and it’s just something YOU need to keep in the back of your head, as a possible scenario.
- It’s not fun, but when you are dealing with scum that want to annihilate you, to need to stay… very real.
- Please click here now: http://gracelandjuniors.com/video/2016feb15five1/2016feb15five1.html That’s a “High Five” report I just posted on the juniors site. I think it pretty much sums up where you are, and where gold is, in regards to stocks priced $5 and under.
- Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/02/2016feb15ccj1.png That’s Cameco.
- Where Cameco goes, so go the junior yellowcakes! Cameco looks incredibly similar to oil here, opening the door to an, initially, risk-on energy market play.
- Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/02/2016feb15baa1.png That’s the Banro chart, one of Goldlion’s “Max Risk” portfolio component stocks.
- While gold may, or may not, be poised for a bigger correction here, some of the “raw” juniors that have not really participated in the upside action, may be on the verge of rallying even if gold and most senior stocks fade. Banro may be one of those stocks.
- Please click here now: http://gracelandjuniors.com/wordpress/wp-content/uploads/2016/02/2016feb15baa2.png Banro may have upwards of 12 million ounces in reserves, with a decent chunk of it sitting at under $700 an ounce AISC (all in sustaining costs).
- Granted, the Congo where Banro operates isn’t exactly downtown Zurich, in terms of stability, but the company seems to be holding it together well.
- The stock appears to be basing here. I’ve told you repeatedly that even if gold struggles, many junior gold stocks can stage serious upside action.
- You saw that with Claude Resources, Captain Ewave’s bell weather gold stock, which has moved relentlessly higher since the fall of 2014.
- You’ve seen similar action, in a much bigger way, with Raj “The King of the World” Mehta’s Rajesh Exports stock, charging up the price grid, while everything else melted, right from 2013!
- I can’t promise that Banro is the next Claude, but I can promise that playing it via 30 cents to zero pgen is a decent idea from here! Let’s hit the gridlines now. I’ll see you there!
Kirk Jr. on the gold explorers bridge, out!