Novo Resources Aims for High-Grade Gold Trifecta

Bob Moriarty of 321 Gold, who has been following Novo Resources for four years, discusses the company’s three programs that are likely to gain investor attention. I’ve been writing about Novo Resources Corp. (NVO:TSX.V; NSRPF:OTCQX) for four years. I have visited the Western Australia flock of lands owned by them three times now. In the first piece I wrote I discussed Quinton Hennigh’s theory of how gold got into the Witwatersrand Basin. When the Wits was formed, all of the gold at surface was in solution in water, both salt and fresh. The chemical composition of water 2.7 billion years ago would dissolve any free gold. Water could contain between 4 ppb (parts per billion) and 40 ppb of gold. Today there is 1,000–10,000 times less gold dissolved in water, some 4 ppt (parts per trillion) in salt water. Where did the gold go? When single cell algae began to … Continue reading

Nailing the Bottom of Oil

Bob Moriarty points investors toward information that accurately captures movement in energy markets. On August 1st, we posted a link to an update on the energy and precious metals markets from James Flanagan of Gann Global. You owe it to yourself to go back and view it and see how he totally nailed the bottom in oil. We can provide links to really valuable and informative web sites for our readers but if you don’t use them and subscribe when you find something really good, neither you nor the vendor make any money. I don’t have a dog in the fight. I have no financial relationship with Gann Global in any way; I’d just like to see him keep nailing it and my readers to keep getting value from it. So one more time, here is a free update from Gann Global that will tell you what to expect in … Continue reading

Gold Ready to Correct

No bull market is sustainable on a nonstop price spike, says technical analyst Jack Chan, and he predicts the current gold bull market will soon correct, providing an good entry point. Our proprietary cycle indicator is down. We are short GLD with a tight stop. Our ratio finally sells this week. Summary A bull market in gold and silver has been confirmed, but no bull market is sustainable on a nonstop price spike, therefore, it is not if but when a correction will begin. Bull market corrections can be very sharp but short lived, therefore, the next cycle bottom could be an excellent entry point. Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and … Continue reading

The Buy Signal for Oil Is In

Technical analyst Jack Chan documents a major new buy signal for oil stocks and ETFs that will enable investors to hold for the long term. $OSX has confirmed a new major buy signal, which can last for months and years. Speculation has now confirmed a pullback bottom; expect new recovery highs in coming weeks and months. The bottoming process continues with a breakout imminent. For the OIH, the upside price target is 55. For the XLE, the upside price target is 95. For the XEG.to, the upside price target is 20. Subscribers were advised to diversify into USD beginning in 2011, as the loonie topped. The Canadian dollar is now a buy, and investors can scale in for the long term. Summary With a new major buy signal in place and the cycle having bottomed, investors can cost average in on oil stocks and/or ETFs, and hold for the long … Continue reading

Tahoe Resources’ Record-Setting Quarter Earns Analysts’ Praise

The Q2 numbers are in, and Tahoe Resources exceeded both production and cash flow expectations in the first half of 2016, according to analysts following the company. Based on those numbers—and with management changes also in place—the experts believe the company will continue to outperform. For analyst Chris Thompson, writing in an Aug. 10 Raymond James research report on Tahoe Resources Inc. (TAHO:NYSE; THO:TSX), “2Q16 represented as key quarter for Tahoe Resources, as it closed the acquisition of Lake Shore Gold, declared commercial production at Shahuindo, and continued to deliver strong operating results (generating significant FCF [free cash flow]) at Escobal and La Arena.” “Our investment thesis for THO remains firmly intact, satisfied by the company offering a unique combination of fully funded organic growth, ongoing FCF generation, a strong balance sheet, and a healthy dividend yield,” the analyst continued. According to Tahoe’s Aug. 9 press release, which outlines the … Continue reading

Three Companies Defining Great Targets for Fall Exploration

Summer is a busy time for explorers; the right preparation now can help define targets for the fall. Resource Maven’s Gwen Preston highlights three companies whose summer work could set the stage for a very productive fall. West Red Lake Gold Mines Inc. (RLG:CSNX) is actively setting the stage for exploration work in the fall. I recently met with Executive Chairman Thomas Meredith and President John Kontak in Toronto. The established resource, which stands at 4.5 million Inferred tonnes grading 7.57 g/t gold for 1.1 million ounces, in the prolific Red Lake Gold District in northwestern Ontario, grounds the company. Last winter a set of five holes stepped east from the resource along the Pipestone Bay-St. Paul deformation zone—the major gold-bearing structure in the region—toward the northeast-southwest Golden Arm structure. That structural intersection is the real area of interest, as major deposits in the Red Lake area occur at intersections … Continue reading

Eguana Skunks Tesla

Bob Moriarty discusses a tiny Canadian technology company based in Calgary with an award winning battery/power converter that is more powerful, more portable and easier to install than the Tesla equivalent. Between 2014 and 2024 solar/wind power systems or Distributed Energy Storage Systems (DESS) are predicted to increase some sixty-fold from 200MW to greater than 12,000MW, according to research firm Navigant. That would put the market for DESS at $16.5 billion. Elon Musk plans on cashing in on the demand for this new technology with his Powerwall 2.0 home battery to be produced in his $5 billion “Gigafactory” in Nevada spanning 135 acres for the building alone. A tiny Canadian technology company based in Calgary has already skunked Tesla with an award winning battery/power converter that is more powerful, more portable and easier to install than the Tesla equivalent. The average home installation would need two of the Tesla Powerwall … Continue reading

Putting Gold Miners into Proper Perspective

Precious metals expert Michael Ballanger reviews a number of the key elements that have characterized 2016’s advance in gold, silver and the associated mining, development and exploration stocks. With the summer of 2016 passing by at an alarming pace, I think it is important to take a few moments away from the enchanting beauty of Georgian Bay and review a number of the key elements that have characterized 2016’s breathtaking advance in gold, silver and the associated mining, development and exploration stocks. While gold bullion is ahead 26.6% year-to-date, the gold mining stocks have demonstrated their incredible contained leverage and why, when the market operates properly, they are vastly more rewarding than the physical metals themselves. However, the 2016 advance has had many analysts questioning the integrity of this latest move as the HUI (NYSE Arca Gold BUGS Index) and the XAU (Philadelphia Gold and Silver Index) have defied gravity, … Continue reading

Gold Bull Correction: Not an If, but When

Technical analyst Jack Chan charts indicators that confirm both the gold bull market and an impending correction. Our proprietary cycle indicator is down. We are short GLD with a tight stop. As long as the dollar continues to consolidate, the expectation is a bullish breakout. The euro is inverse to the dollar, and the current consolidation may seem like eternity to short-term traders, but the previous consolidation lasted much longer before breaking down. Summary A bull market in gold and silver has been confirmed, but no bull market is sustainable on a nonstop price spike. Therefore, it is not if, but when, a correction will begin. Bull market corrections can be very sharp but short-lived; therefore, the next cycle bottom could be an excellent entry point. Meanwhile we are short GLD with tight stops. Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his … Continue reading

This Important Chart Shows Why Gold Could Hit $6,000 by 2019

This Important Chart Shows Why Gold Could Hit $6,000 by 2019 By Justin Spittler Editor’s note: Today, in place of our usual market commentary, we have another important essay for you from International Speculator editor Louis James. Last week, Louis explained why it’s not too late to get in on the big gold boom right now, saying “I think we’re all about to make a pile of money.” Today, he shows you just how high gold could go as this bull market gains momentum. As you’ll see, right now is the ideal time to own gold stocks… Dear Reader, “You’re crazy, buying gold now!” That’s what one of my students said to me in the summer of 2008. I was teaching one of my seminars on entrepreneurship, that time in the Republic of Georgia. Gold had risen for seven years and was trading around $800 per ounce. This student was … Continue reading