Rock UpdateRock Update - WZR & Junior Golds & Silvers
One shore gets a warm fuzzy feeling when one of your stocks goes up on a down day such as today. WZR was such a stock based upon their release here.
Da Rock's interpretation of this is that, more news about the removal of the last 800 meters of stuck drill string will come shortly, maybe as quick as the Qtr conf call scheduled for Aug 12.
Meanwhile the stock moved hitting a high of .48 cents. In the same area, the Korean Oil company released some news about oil in their blocks driving the Sterling Energy price 15% higher (Sterling is the operator and has not released news yet; unfortunately Sterling only trades in London). Sterling is drilling in a block close to WZR's block. Vast (VST) shares are also moving higher based upon their closology to both WZR and Sterling.
Disclosure: Da Rock holds WZR and is considering more.
Great Basin is holding and inching higher today, while Gold and other miners are dipping. GBG has a scheduled conference call on Aug 11th, tomorrow, premarket @ 9 EST. Good news is expected. Exceptional news would be the sale of the Hollister stockpile worth $26 Million; but da Rock considers the June 21st news of Queenstake's objection settled, as allowing not enough time to consumate the sale before the end of quarter on June 30th. We shall see!
The market is also holding for USA, even though there has been hard evidence of suitors sniffing around here. See the following post by Trendsman, about Silver being a better value than gold for the up coming precious metals rise.
Gold Luck to you all in the coming metals bull!
Just da way I see dat!
HardRock
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Update on Junior Golds and Junior Silvers
I maintain two indices for premium subscribers so that we can better track the junior precious metals sector. These four charts should give you a better idea of the current state of the sector.
The first chart shows our junior gold index over the last year. The junior gold index consists of 25 companies, most of which are in the neighborhood of $100-$600 million in market cap. How a billion dollar company is a junior, is beyond me.
Next we show our junior index versus the HUI (red) with the index (blue). Note that the ratio is on the cusp of a multi-year breakout, which suggests major outperformance by the juniors over the next few years.
Next is a chart of our junior silver index, which consists of ten stocks, which are all below $500 million in market cap. It looks like the index has good support at 100.
Here we graph the junior silvers against the HUI. The resulting ratio is in blue, below the junior index itself (black).
Interestingly, the junior golds are near multi-year highs against the HUI while the junior silvers are not even close. While we think the outlook for the junior sector is very promising (long-term), one should note that on a value basis, the junior silvers look to be the better option.
For more analysis on the junior sector and analysis of specific junior companies, consider a free 14-day trial to our premium service.
Good Luck!
By Jordan Roy-Byrne, CMT
https://www.thedailygold.com
Jordan@TheDailyGold.com
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HardRock's Charts
Da Rock uses sum charts ta keep tabs ..........onna subjects o' interest ta moi. (click onna following links ta access).
Ma interests incl:
A. Gold/Silver Trends
https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=103697
B. Markets
https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=103698
C. Commodities & Metals
https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=103699
D. Rock Pick$......wit possible big gains
https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=103700
Note: sum o' dese charts ta do wit ratios; report yestaday's numbers;
da stock ones are up ta date!
********* comments 'ere issa only fo' infotainment reasons *************
************************* Not financial advice ***********************
Dats a wrap fo' now!
HardRock