"Full Steam Ahead" For mining stocks, the supposedly doldrum months of June & July has been anything but, and this with some of the best months for gold stocks just ahead of us.
I'm very interested on seeing how this month ends with option expiration for the active August gold contract on the Comex closing in on us. The last take-down was towards the end of May with the June gold contract month that follow. This time around it sure looks like the flow of things have changed as was evident with last Friday's nonfarm-payroll report that saw gold rebound from its initial pounding down, to reversing higher by the end of the day. In the past this would have been the excuse used by the cooks to continue their salami slicing up to the option expiration date, as what was in the past, a very successful ploy. With last Friday's upbeat jobs report not able to take POG down, and with the talking heads at the Fed not being able to come out to spew their non-sense of rising interest rates, we may see a doubling down in their efforts of suppressing the gold price before the end of this month. But whatever happens, we all understand that when there's something that can't last, it won't. Meaning that when the current float in the physical market can no longer supply the demand, (of which I believe we are currently at the cutting edge) it's game over for the cooks and their paper futures shorting game of suppressing the gold & silver prices on the Comex. Then the question becomes how much higher will gold & silver need to go in order to balance the supply once investment and user demand kicks in? Without question substantially, and perhaps parabolically when considering a commercial short squeeze would then have a very high probability of materializing, with the banksters finding themselves having to sell their massive short positions into an uptrend gold & silver market (what comes around, does go around).
How we end this month will be a key on wither the cooks and their paper future shorting can continue to be successful in having the tail wag the dog, I believe those day are numbered.
Concerning Integra -
Thanks M2 for your reply on AZX - I believe Thiboutot was some-what sure that Triangle's upper-most C Structures (C1 - C2) carried over onto the Airport property, at a depth that would of been economical for Integra, not so much Alexandria, but when they intersected a diorite plug on the property that may of put AZX in the cat-bird seat, it will be interesting to see how this develops for all concerns.
I expect an NR this coming week updating activities on the property, with a good possibility of more drill results as icing on the cake.
Believe Friday's afternoon spurt in ICG's stock was as others mentioned here, an sector wide event, created by money managers of institutional funds continuing to add the fuel propelling this sector.
No. 4, and Sigma along with their respective resource, mine & geological models will not be included in the upcoming PEA 3Q, but will be in a follow-up PEA 2017.
Resource update 4Q on the entire S. Lamaque property (Sigma Resource included?), believe cut-off drill date was June.
If past history is any indication of when an out of the blue announcement will made by Integra's management, I would look no farther than September. GLTA