Loading ...Some good looking charts
I have the impression from looking at several gold explorers that there are too many bears around and summer rally is gradually starting in juniors:
Almaden: strong volume, RSI above 50, investors still want to get in after strong feasibility study in April
Minaurum Gold, RSI back above 50, lower volume,but nice drilling news
Nexus, RSI back above declining RSI trendline, move up in anticipation of drilling news
Vendetta looks like it wants to break the 0.27 on weekly chart. Of course this is a zinc explorer/developer and with the zinc shortage it has different cycles than gold names
Of course anything producer related and GDXJ exposed will suffer until GDXJ re balancing, but I guess this will be over in some weeks
NXS looking good. Thanks for posting these.
Agree Alex…Many Micro Explorers are Popping….Ignoring the HUI and GDXJ and the bigger names.
Thanks …I never heard of 2 of these
VTT is a nice small cap explorer and company should be taken out by next year if shortage in Zinc continues as it is situated near other smelters that have too much capacity. More info on: http://www.caesarsreport.com
MGG has some very high silver grades up to 1000gr/ton, this is not a cheap name anymore, but team backing it is high quality and they have multiple projects