May 13
24
Update
A brief commentary before holiday weekend and a short vacation for me (back on June 5th).
U.S. Stock Market – With 5% or so upside and multiple times that to the downside, risk/reward doesn’t favor being long.
U.S. Bonds – Avoid!
U.S. Dollar – Despite numerous reasons to push it higher, it still can’t get above the selling area of 84-85 area on the U.S. Dollar Index. Would love to buy more Canadian Dollars around .95
Gold and Silver – Some very bullish technical patterns regarding momentum are starting to form, but I suspect we first need to get pass options expiration next week before any real bottom can be cemented.
Mining and Exploration Shares – Here too some bullish momentum indicators are turning positive; but an unbelievable amount of resistance awaits any significant rallies – especially as one goes down the food chain into juniors.
May 13
24
To The Few True Gold Bulls
I’ve shown this video to emphasize not only that being truly bullish on gold is going against 99% of the financial industry and the media that lives off it, but it was also warfare.
Well given what we’ve had to endure of late, I decided to go with a different version of our theme song to remind us of the battle.
Test Mining in Mexico
Big North Graphite Corp announced today that the company has started test mining at its Nuevo San Pedro Project in Sonora Mexico, as suggested in its recently released NI43-101 technical report. Big North is aiming to become one of the first junior graphite companies to capture some of the graphite market and this appears to be a positive step in that direction. The Company is also progressing with the assembly of its recently announced graphite processing plant and continues with its strategy of buying unprocessed graphite to supplement future production from the Nuevo San Pedro mine. Big North appears to be on the right track and could very well achieve its goal.
May 13
25
On Vacation
Back in office and blogging June 5th