TSX Venture Exchange and Gold
The Venture has climbed in 11 out of the last 12 weeks and also reached the upper levels of a well-defined minimum target range for this month in accordance with John’s earlier charts.
Friday, the Index fell for only the 2nd time in 17 sessions as Gold retreated $16 an ounce to finish slightly below its 50-day moving average (SMA). Is this the start of a pullback for the Venture, or will April close with another flurry to the upside?
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Very informative review of the Lithium arena and application for batteries. It is from Lithium Australia, the partner of AIX for the Elektra project next to Bacanora. I would like to remind that the agreement also entails a 10% interest for Alix Resources on any of Lithium Australia’s novel lithium extraction technologies (LET) used or developed at the Electra project properties and Bacanora Mineral’s Sonora Lithium Project.
http://lithium-au.com/wp-content/uploads/2013/09/Lithium-ion-Batteries-Conference-2016.pdf
Comment by rgiroux — April 24, 2016 @ 8:57 am
Jon: do you see a correction coming or will this pull forward? How about the PDAC course—how did we do since then? i think good?! Sell in May, go away an issue this year? Summer doldrum comments? Lithium stocks still look very strong despite corrections this past week….
Comment by STEVEN1 — April 24, 2016 @ 9:22 am
Stay focused on the Venture’s EMA(8) and EMA(20), Steven1. This will provide clues on the timing of any pullback. 1000 by year-end IMHO.
Comment by Jon - BMR — April 24, 2016 @ 10:05 am
Jon – not to be a pollyanna but I would suggest that 1000 will be in the rear view mirror by christmas.. 8 months to go and we have almost doubled in 3.. we went down hard… and I believe that in 2012 I called the V going to 700 which I was quickly chastised for!!!
now however, the strength and speed at which this market has reversed has caught many off guard.. most will wait for that ‘correction’ that doesnt come to the levels they are anticipating.. then the chase is on..
NIRP is a driving force… along with the lack of confidence in the current governments.. truly think we are going to witness human nature at its finest…
GREED will drive this thing higher and faster than anyone could imagine…
thats my story and I’m stickin to it:)
Comment by Jeremy — April 24, 2016 @ 3:35 pm