Posts Tagged breakout
Silver chartist confirms the Dubai Old Gold Souk’s $60 September price target
Posted by admin in Uncategorized on January 31, 2012
Posted on 30 January 2012 with no comments from readers 
The widely followed technical chartist Clive Maund has confirmed the $60-an-ounce price target by September for silver set by the Dubai old Gold Souk last week (click here) in his latest review of the sector. This builds on a bullish outlook for gold that is leveraged with investment in silver.
He writes: ‘on the seven-month chart for gold we can see that on Wednesday it broke out from the consolidation pattern that it has been stuck in since it peaked last August-September. This was a strong move on significantly increased turnover, which is bullish, and was a move confirmed by a massive upblast by precious metal stocks.
‘This breakout is therefore viewed as marking the end of what has turned out to be a period of consolidation, and the start of a major uptrend that should take gold much higher – comfortably to new highs.’
Major uptrend
Clive Maund’s conclusion is that a major uptrend is just starting in gold and silver, their ETFs and stocks and that this is a good time to buy if you have not already.
The monthly ArabianMoney investment newsletter published tomorrow will give some interesting ideas on how to leverage up the coming silver price increase to subscirbers only (click here). From CliveMaund.com:
Silver chartist confirms the Dubai Old Gold Souk’s $60 September price target
Gold Prices Stall Despite Weak Dollar (Update 2)
Posted by admin in Uncategorized on January 26, 2012
Gold for February delivery closed up $4.30 at $1,659.90 an ounce at the Comex division of the New York Mercantile Exchange. the gold price has traded as high as $1,662.90 and as low as $1,642.10 an ounce while the spot price was adding $6, according to Kitco’s gold index. 
Silver prices rose 40 cents to close at $30.54 an ounce while the U.S. dollar index was down 0.66% at $80.56. 
Gold prices were stuck in neutral for most of trading. Prices jumped 1.5% on Tuesday, triggering early morning profit taking today, but then traders stepped up to buy gold at a discount price. For the most part, however, the majority of the move can be attributed to a weak U.S. dollar. According to Kitco’s gold index, a strong U.S. dollar was pushing prices up almost $12 while profit-taking was pushing prices almost $5 lower leading to a net gain of $6.70. It’s “wait and see for gold now,” says George Gero, senior vice president at RBC Capital Management. “Traders will look for more technical clues of open interest [long positions].” Gero says the $1,625-$1,650 area is holding and that there is a possible breakout over the $1,675 an ounce level. Gero noted that open interest climbed today which is helping momentum traders, or technical traders, to take another look at buying gold. Gold has been trying to shake off its positive correlation with the euro as the currency is rallying Wednesday. however, significant downside in the euro could hurt gold, while a significant decline in the U.S. dollar could help the metal. the euro was boosted Wednesday on reports that the International Monetary Fund is looking to expand its lending resources to $885 billion from its current level of $385 billion. the move is aimed at providing a bigger backstop for global economies dealing with the effects of Europe’s sovereign debt crisis. the Washington-based lender, led by Christine Lagarde, is pushing Brazil, Russia, India and China — together known as the BRIC nations — as well as Japan and oil-exporting nations to be the top contributors, Bloomberg reported, citing an anonymous source. In general “gold is moving up because Europe hasn’t solved its problems,” said Adrian Day, president of Adrian Day Asset Management, and that means “more easy money.” Fitch ratings agency is also threatening to downgrade Italy’s credit rating by two notches, which means borrowing costs will rise, putting more pressure on the European Central Bank to provide funding. although the bank cannot lend money directly to governments, it can buy bonds from other banks. it can also provide unlimited loans for three years at low rates to banks. Including national central banks and the ECB, Europe’s balance sheet grew by €729 billion since mid-August, but most of the money is winding up parked back at the ECB as bank deposits are at a record high of more than €500 billion.
SFEG INSIDER BUYING ALERT! Gold/Silver Breakout!
Posted by admin in Uncategorized on January 23, 2012
FutureMoneyTrends Newsletter
INSIDER BUYING ALERT!!! Everyone knows that one of the most bullish indicators for an imminent breakout for a company is insider buying. our latest profile of Santa Fe Gold (SFEG), a gold and silver producer that we believe is grossly undervalued, is seeing a significant amount of insider buying.
their Chairman has recently added 500,000 shares to his position to upwards of 8 million shares, this is a HUGE statement of confidence in SFEG. also, the debt conversion of $13.5 million to shares by Sulane Holdings for a share price of $1.00 when at the time SFEG was trading for around 80 cents.
***[1]FutureMoneyTrends.com staff members currently have no position in SFEG, however, we plan to make a major announcement in regards to just how confident we are shortly after the close today.
by the way, for anyone who is doubting just how serious we are, SFEG has 55 employees, this is the REAL DEAL! in our opinion, you are not going to get very many opportunities like this.
SFEG is without a doubt our HUGE GOLD/SILVER profile of the year! MAJOR DEVELOPMENT! Last night, Pierce Carson told us that he was heading to New York for the week. When we pressed him to what he planned on doing in New York, he told us he was going to New York to present SFEG to institutional investors.
This is a huge opportunity for our members as we are literally all over SFEG before the BIG MONEY!!! recently, an independent research report put a $5 price target on SFEG if they were able to achieve commercial production. well, that`s good since commercial production is expected to be announced any day now! Company: Santa Fe Gold Symbol: OTCBB: SFEG PPS: $0.99 Website: SantaFeGoldCorp.com Ranking: Highest Confidence Possibly one of the most low risk, high return, and ultra-dynamic ways to invest in gold and silver could be Santa Fe Gold (SFEG).
Absurdly Undervalued: what you own as an SFEG shareholder is astounding. For 99 cents, you are buying SFEG`s millions of ounces of in-ground gold at around $20 per ounce, less than $20 an ounce if you include their acquisition of Columbus Silver that should close early this year.
at the targeted gold production rate of 400 tons per day, output during 2012 is anticipated to increase 400% from 2011 levels. in fact, the announcement of official commercial production is expected to happen any day now.
SFEG is one of the lowest cost high grade producers out there with a cost of about $364 per ounce of gold. at full production, SFEG is expected to be generating annual revenues of $40 million based on $1,000 gold! SFEG`s Shareholder Assets Summit Gold-Silver Mine * Revenue of $6.4 million generated in FYE June 30, 2011 * Revenue of $2.6 million generated in September 2011 quarter * Ramp up to FULL PRODUCTION this month!!! * Reserves of 200,000 oz of gold equivalent Ortiz Gold Project * 2 million ounce gold resource that has been drilled * SUPER LOW COST of $230 per ounce of gold * Near term production potential, should be permitted in the next 18 months Acquisition of Columbus Silver Corporation * Strategic acquisition which will potentially double silver and gold resources for processing at SFEG`s mill near Lordsburg, New Mexico.
* Adds 7 silver properties to SFEG Lordsburg Mill * Significant excess capacity * Other ore sources within trucking distance * Increase in throughput expected Leadership About their Chairman Pierce Carson Dr. Carson has served with distinction at several mining companies.
* President and director of Mining & Exploration Operation in Australia, Papua New Guinea, USA, Canada, and Mexico.
* Dr. Carson has been closely involved in the discovery, acquisition, and financing of Kurara Gold Mine, Emu South Gold Mine, Girilambone Copper Mine, Tritton Copper Mine, Simberi Gold Mine, Ramu Nickel Mine, Johnson Camp Copper Mine, and the Summit Silver-Gold Mine.
* He was also the President and Vice-President of exploration for Australia, Asia, and the U.S. for Nord Resources Corporation.
* He is the former senior geologist for Exxon Minerals and the former manager of the precious metals exploration for Kennecott Copper.
***We hope everyone reading this fully appreciates just how lucky we were to profile this company to our members before they announce commercial production any day now.
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Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase Santa Fe Gold securities. Future Money Trends LLC has been compensated twenty five thousand dollars by Santa Fe Gold Corp to provide investor awareness services, our research published to FutureMoneyTrends.com members, and website coverage for thirty days. we have NOT been compensated with any of Santa Fe Golds common stock shares and we do not otherwise have any equity interest in Santa Fe Gold. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites please use our site as a place to get ideas. enjoy our videos and news analysis, but never make an investment decision off of anything we say.[5]Please review our entire disclaimer.
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