TSX Venture Exchange and Gold
The Venture has climbed in 10 out of the last 11 weeks and reached the 629 level as a minimum target for this month forecast in the previous Week In Review And A Look Ahead.
There is no technical analysis of the Venture or its listed companies available anywhere that compares with John’s accurate calls, and today’s important review examines whether it’s time to lock in profits or aggressively continue to accumulate for one of the most explosive bull markets we’ve ever seen.
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10 Comments
Venture’s volume last week was second higher Green volume since Feb 2014. I’m not a paying member but I’m guessing its time to keep buying. The parabolic sar, which is an amazing indicator on the chart, is still in bull mode (weekly and daily)
GGI- The news release a week ago said this week(on 18) we are going to hear preliminary results from Grizzly Central (Ultra 1 Zone).Lets hope for a change that we will have some good news.
I fully expect we’ll see some good news there, Michael, but look carefully at developments that may not be so obvious to you.
Jon, regarding CXO: there are approx 13M shares becoming free trading in April, from the PPs that closed in December. Do you think it will drag the price down so we can scoop some cheaper shares? There was a big run-up since 4 April. Could it be a strategy to allow selling of the free shares without going in the single digit share price?
Just a thought.
Richard
Hi Richard, that is missing the point about what’s unfolding with CXO, but will be addressing this issue, the timeline and the broader scope in our Sunday report.
GREAT INSIGHT HERE TOO: pinnacledigest.com/podcast/time-believe-tsx-venture-bull-market
Great information on CXO:
coloradoresources.com/i/pdf/02.03.2016Corporate_Presentation_TG_Changes.pdf
Spoke at length on Thursday with Adam Travis, rgiroux, in preparation for today’s report and an interview we’ll be conducting shortly. It’s fascinating what’s evolving in that area as we’ll lay out in some more detail beyond what we have previously reported. We’ve also dug up an historical map from 25 years ago that speaks volumes.
ABR halted pre-market: this will be interesting…
Yes, Richard, would have preferred not to have had a trading halt, but we’ll see what it brings…