Tectonic Metals gets funding for gold exploration in Alaska
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
The injuries that befall us unexpectedly are less severe than those which are deliberately anticipated.
– Marcus T. Cicero, 106-43 BC, Great Roman Orator, Politician –
All the precious metals are behaving extremely well in the face of a stronger dollar; the standout player is Palladium. Palladium has refused to buckle under the face of a stronger dollar and instead continues to put in a series of new highs. This is what a true bull market looks like.
Gold has refused to put in a new 6 month low even though the dollar continues to trend higher and has put in several 11 month new highs and will soon most likely put in a series of new 52 week highs. This action suggests that once this consolidation/corrective phase is over, the odds of the entire precious metals sector exploding upwards are rather high.
In general the strength exhibited by this sector suggests that the smart money understands that the current strength in the dollar is not going to last as precious metals are now diverging from the dollar. On a percentage basis Silver will show the highest gains in the next leg up; prior to this we favoured Palladium and had a very strong buy on it from late 2008 to early 2009.
As soon as a new weekly buy signal is generated we will be issuing new entry points for Silver, Gold and Palladium bullion. We will also issue entry points for several stocks in these sectors.
ETF players can take positions in SLV, GLD, Market Vectors’ Gold Miners (GDX), PALL, etc,
Players looking for more leverage can jump into ProShares’ Ultra Silver ETF (AGQ) and ProShares’ Ultra Gold ETF (UGL). Use pull-backs to open up new positions and strong pull backs to add to your position.
We take greater pains to persuade others we are happy than in trying to think so ourselves.
– Confucius ,BC 551-479, Chinese Ethical Teacher, Philosopher –
