Portfolio Update: Last Two Weeks Action

Bought (relatively big positions) Abraplata Resource Corp  Silver explorer focused on Argentina ~23 MUSD market cap Flagship project: 81.3Moz Ag + 755Koz Au = 1.9Moz AuEQ Significant shareholders: 13.7% Management, 19.9 Silver Standard Comments: Very cheap based on P/Resources, Seems very underfollowed (My broker didn’t...
Continue reading »

Quick Update: GDXJ

Given that the US dollar index and especially USD/JPY is tanking while real rates are going lower, gold and silver should be up strongly ATM. Unfortunately there seems to some resistance keeping the metals from heading higher. One factor that I personally believe is playing a...
Continue reading »

Gold & Silver COT Report Now Massively Bullish!

Via David Brady – https://twitter.com/GlobalProTrader (a must follow) Gold       Silver       I can’t overstate how extremely encouraging I find these charts to be. Smart money is the most bullish on gold since 2006. This at a time when the miners are nearing...
Continue reading »