YeOldGoldNugget's Blog Spot

TradersBonanza Up and Running!

2010-01-15T15:24:00.000-08:00

Hello fellow Orkonians. It has been since early January I made my last posting on this blog. If you have read my articles here then you will know that I indicated that there would be some changes coming.

Well, that time has come. I have not been sitting idle and doing nothing. I have been very busy working on my new privately hosted website. That I post this news now does not mean I am finished with the work but that I am now a little more satisfied with the progress I've made in getting all my articles in my new website.

It was a hell of a job and took me quite some time. Since I do everything by myself I have only time as a constraint. There is still lots of work to do but that can be done without to much bother to my new visitors.

So, if you see a website error, or some weird coded error message, that is just YeOldGoldNugget working and making the occasional mistake, from those I learn of course.

About the new website and about the old.

The old one, well, I just can't simply remove it from the web...so I won't. I spend too much time working on it to just plainly delete it or cast away like an old rag. So NO. That will not happen. The blog and content will remain the way it is now with this article as...for now at least the last post.

Sounds sad no? Well, it isn't and you should not feel like this is the end of the book but merely the end of a chapter.

Now we get to the good stuff is what you need to think!

Orko Silver, well, that will surely remain my favorite. So, under the section 'Market Analysis' I will continue writing as you have known from me for the last 7 months since I've put this blog online.

A lot has happened in those 7 months, I started with one blog and ended up maintaining and writing for three ;-)

Now, I have partnered up with my contact and friend who already was doing the gold and stocks blog.

All content from the three blogs has thus been exported to my new site. I still haven't had the time to go through every article and see if everything is showing alright but if you find some errors or bad html from the import then please do feel free to use my new contact form.

I have yet to write a privacy disclaimer but it should be obvious to everyone that I have taken every means to ensure ones privacy. So, don't let that fact discourage you :-)

So much to do still!

I would say, lets go take a look and see how I set everything up.

First you have to start by reading my new About Me. I've made some small changes but important you all read them. Transparency and all...

Another new thing is the categories for instance. This way I can better guide my readers to the stuff they want to read. I've also added a breadcrumb trail as a way of navigation.

The theme by hybrid is also improved and they have done a great job on this theme. Of course I've made several of my own adjustments but the basis is by hybrid.

Whats more...oh yeah...it is now possible for me to let other authors submit or write articles for my new website. I can assign users who can write articles in their own desired category.

So if anyone is interested in having their work published on my new website and they know a thing or two about the markets...then...please do drop me a line and maybe you can be my first new author.

There is still so much to do and I have so many plans so 2010 will be a year where YeOldGoldNugget starts up his new website. Like a stock and the stock market, get in while its low :-)

Hope to see you all there...

That leaves me to wish you all a very warm welcome there and may all the companies you're invested in find Bonanza-grade resources :-)

The 2009 Small Silver Sweepstakes (Incakola News)

2010-01-03T04:15:00.000-08:00

The following article was done by Otto Rock from Incakolanews who has written up a roundup of his 2009 silver sweepstakes. Have a read through his article to see who came out on top :

Yes indeed, 2009 is all over and so the results are in on our tracking of best small silver mining company in 2009. Here's the chart:
click to enlarge

And the winner is....ENDEAVOUR SILVER (EDR.to)! Congrats guys on a great achievement and a 230% gain in 2009.
An excellent second place (silver medal...geddit?) goes to my personal favourite silver miner, Fortuna Silver (FVI.v). You guys should be proud of yourselves, too.
The honour of third is won by Great Panther Resources (GPR.to). Maybe not my number one personal pick, but there's no knocking success. Well done indeed.

YeOldGoldNugget : You can read the rest of his article on Incakola's blog. Also as a little side note. From the last Great Panther news release which you can find by clicking here we know that Great Panther Resources has changed effective as of January 1, 2010 to Great Panther Silver. As you can see on the right side, I've also placed a new Great Panther Silver banner on my blog.

YeOldGoldNugget's links of interest

Trend Analysis
Get the most recent Trend Analysis on Great Panther Silver Limited by following this link :
Marketclub - Great Panther Silver Limited Trend Analysis (What's this?)

Get the most recent Trend Analysis on Endeavour Silver Corp. by following this link :
Marketclub - Endeavour Silver Corp. Trend Analysis (What's this?)

Get the most recent Trend Analysis on Fortuna Silver Mines Inc. by following this link :
Marketclub - Fortuna Silver Mines Inc. Trend Analysis (What's this?)

Best Wishes and on to a Bright New Year!

2009-12-30T11:41:00.000-08:00

We are at the end and at the start of a year. At the end of the old and at the start of the new. True, it is but a mere number 2009, 2010....but it will have a different meaning to each and everyone of us.

Some will use it as a means of closure. In with the new, out with the old, like that sort off thing. Whatever works for you I say stick with it or improve on it. Why change a winning plan right? Why continue with a losing one?

There will even be some who view this event as our tiny blue orb having completed another orbit around our sun on that 365 day lasting journey. Some of my readers will now be enjoying the winter while others will be enjoying the summertime...all based on how far ahead our Earth is in its sidereal year and where we are on this hemisphere, Northern, Southern or somewhere in between.

Whoever you are, wherever you are, whatever you do, just make sure whatever you do is done with passion and compassion. Those who enjoy the work they do have the pleasure of referring to it as being a hobby instead of it merely being work.

To me, well, I like trading, I like the markets, I like the excitement, I even like the disappointments from time to time which are ideal to keep one on its toes and with that also still on the edge.

This year has been a very turbulent one for most investors and probably also for most of my readers in varying ways like with work, their financial portfolio, incurred losses, stock market, shares in the red,...I do hope however that one learns from ones mistakes and hopefully in future tries not to learn from ones mistakes but learns from other peoples mistakes. That is a big difference. Trust me!

Also, most of my regular readers will have noticed I have been busy working on the styling of the website. Some are minor styling details like the styling on my posted images, the rounded corners, minor styling in the widgets and some are bigger changes. The bigger changes include the header which was formerly 'Orko Silver Corp. Blog Spot' and has now changed to YeOldGoldNugget's Blog Spot. Also, my YeOldGoldNugget's Stock Picks blog has been restyled with the current style of this blog.

There will however be no change in me doing updates on Orko Silver Corp. but since I also on occasion post other charts like silver, gold, HUI index, other juniors,...and more the name in the header just was too limiting. That's not saying the current name isn't but at least it defines that this is my own blog ;-)

More to come soon will be a custom and self styled header. Work is now in progress and I expect this work to be finished somewhere by February. I am always looking at improving my blog and will continue doing so in the new year.

So with that behind me there still remains for me to wish everyone a very GOOOOD and VERY prosperous New Year!

To all the people I have had the pleasure of meeting on various places and through various means.

To all my contacts from Stock-house and other forums, thank you for your input, your conversations, your explanations, your comments and your personal views. Truly appreciated and a very warm and heartfelt thanks for that.

To the management, investor relation agents and personnel of Orko Silver Corp., Pan American Silver Corp., Orex Minerals Inc., Great Panther Resources, Impact Silver Corp., Mexivada Mining Corp., Arian Silver Corporation, and basically all other junior-mid-senior Explorers / Developers / Producers. May 2010 bring more shareholder and company value! May the veins be great, long and thick!

To all the other commodity authors, technical analysts, bloggers, financial writers, silverbugs, goldbugs, oil-diggers out there who zealously churn out daily updates on the markets. My hat off to you all!

And most important to all my readers from all the different places in the world! Thank you for your visits, thanks for sticking with me and for riding this Orko Silver Train of ours to production!

Looking at my visitor map though I immediately see I need to re-tighten my advertising campaigns to try to strengthen my new visits from some of the following regions which are now still missing :

Afghanistan
90% of the African continent
Greenland
Kazakhstan
Iceland
Some South American countries
...

YeOldGoldNugget's links of interest

Trend Analysis
Get the most recent Trend Analysis on Gold Spot by following this link :
Marketclub - Gold Spot Trend Analysis  (What's this?)

Get the most recent Trend Analysis on Orex Minerals Inc. by following this link :
Marketclub - Orex Minerals Inc. Trend Analysis  (What's this?)

Get the most recent Trend Analysis on Orko Silver Corp. by following this link :
Marketclub - Orko Silver Corp. Trend Analysis  (What's this?)

Get the most recent Trend Analysis on Pan American Silver Corp. by following this link :
Marketclub - Pan American Silver Corp. Trend Analysis  (What's this?)

Get the most recent Trend Analysis on Silver Spot by following this link :
Marketclub - Silver Spot Trend Analysis  (What's this?)

The Dollar's Demise and Gold's Resurrection

2009-12-29T04:00:00.000-08:00

The Dollar Consolidates while the Markets recover.

US Dollar Daily Chart

Chart is courtesy of marketclub.
Marketclub - US Dollar Trend Analysis (What's this?)

Here is a short follow up on my most recent article 'US Dollar Extends Gains' written on December the 22nd. In that article I summarized the following :

To summarize, short term, yes we are in an UP trend, the chart confirms that. However, RSI has reached overbought. MACD is trending higher but with choppy performance. We are trading farther and farther away from the 30 and 50 MA so a consolidation is getting more and more likely to happen from here.

Mr. market was soon to follow this advice cause December 23 was the start of the consolidation/correction for the dollar after extending its gains from a low of 74.356 on December 2 to a high of 78.449 on December the 22nd.

Moving Averages

10 MA : 77.784
30 MA : 76.349
50 MA : 75.916

As of writing the dollar is trading at 77.388 and is thus already trading below the 10 MA. December 27 saw us crossing below the rising trend line indicating that the steam is out of this kettle for sure!

Looking at the chart and all indicators I reckon looking up from here is wishful for those who are long dollar but not very realistic. Down is where I would look. Short term and long term. Market manipulation excluded then cause I am no match for that.

I say manipulation because if you have a look at the charts from Early December and in particular December the 2nd. The dollar starts to rise and right at that time gold starts to drops. Now, OK, I can understand all the dollar/gold relation and safe haven and such...

...but what I do not get is why even after having such a crisis, after knowing what the dollar is worth now or actually ISN'T worth after the stimulus packages, TARP, FED printing presses, Bank bailouts, Company bailouts,...investors are still buying dollars. So...who are these very first buyers driving up the price and starting this Christmas rally in the dollar?

This is no rally based on valid fundamentals. NO Sirree!

So, let me see if I understand Mr. Market? Ok?

So, December 2, gold breaks down and the dollar rallies or vice versa, the dollar rallies and gold breaks down. So, later we get word from the European mainland that Greece, Spain and Ireland are in deep...um...horse manure? Is that the right noun to use? Up to their arm pits in the proverbial debt-pit.

So, because the Euro takes a beating, the dollar who for months has had the leading role in our documentary as being the biggest decliner now steps aside and lets the euro play leading role for a while?

Hm? What does not sound right in this motion picture?

This sounds to me like too much artistic freedom on behalf of the director of this documentary. My original remarks remain, unless the dollar succeeds to AND close above 80.00 and STAY above 80.00 the dollar is in my books at least very much in a downward trend.

US Dollar Weekly Chart

Chart is courtesy of marketclub.
Marketclub - US Dollar Trend Analysis (What's this?)

Weekly then, well this hasn't improved much. I'm still not swayed, not even by the rally we had since the start of December. It is still too insignificant a move to even be treated as such. For me, I would stay far far far away from any long positions in the dollar for the moment.

From the MACD indicator we can see this is still clearly trending below the center line and thus still bearish as indicator. Histogram is also declining.

The ADX or Average Directional Indicator is in some sort of limbo on the weekly chart? Don't know if this is a chart bug or if the -DI and the +DI just happen to run parallel for the last couple of days.

Maybe it is forming a wishing rod and hoping then to break it in the right place and have their wish come true? Who knows?
Maybe even a dowsing rod? Searching for water? No,..must be an oil dowsing rod then.

Anyway, until this market takes direction again ADX is probably not a good indicator here on the weekly besides than the fact that we see that there is some sort of sideways action to expect perhaps.

Long term like I said, until we clearly break above 80.00 I consider the trend which was downwards still very much intact. Despite the short rally.

I don't know how many more lessons Mr.Market needs but sooner or later this dollar/gold relation will be gone and out the door for GOOD!

YeOldGoldNugget's links of interest

Oremex Resources Inc. : A Pure Silver Play Indeed.

2009-12-26T04:02:00.000-08:00

A Monday Morning Musing from Mickey the Mercenary Geologist.

Mickey@MercenaryGeologist.com
December 14, 2009.

It was the last day of the January 2008 Cambridge House Investment Conference in Vancouver. There were hundreds of companies represented and the floor was packed with thousands people strolling casually down the aisles. I like to move fast at these shows and this one was not very conducive to my modus operandi.

I was tired after two long days working the exhibit hall floor and was becoming increasingly frustrated.

Though the junior resource market had begun its long journey south commencing with the Galore Creek debacle the previous November, I had not found a new undervalued stock at an investment conference for over four months. Every company I looked at during the previous three conferences either had something amiss based on my strict evaluation criteria of share structure, people, and projects (Mercenary Musing December 15, 2008) or had an unattractively high and largely undeserved market valuation.

Who could know that with the pending bankster meltdown, junior resource market capitalizations would plummet over the next 11 months? True to my nature, I was focused fully on the here and now.

At 4:30 pm I walked out of the speaker room to the exhibit hall, took a hard right and happened to glance over to the second booth in the row. A pure silver play in Mexico caught my eye. Thus I was first introduced to Oremex Resources Inc. (ORM.V) and their Tejamen silver project in Durango, Mexico. Un sapo, no?

There are many junior and a few mid-tier “silver companies” operating in the Americas; they are especially prevalent in the major silver producing countries of Mexico, Peru, and the USA. I’ll ignore Bolivia at this point because of its current cocalero version/vision of socialism and nationalization, the so-called “Evo-nomics”.

But few qualify as silver companies with actual silver plays. Most are really small and medium-sized lead-zinc companies with base metal mills and concentrators and smelter contracts that recover silver as a by-product. I do not like juniors with counter party risk and the worst kind of counter party risk is being an indentured servant to a major mining company- or sovereign government-owned smelter. These
polymetallic producers prosper when primary industrial metal products lead, zinc, and/or copper are in demand and prices are high. They struggle, suffer, become shells, or go bankrupt when world economies are less than robust and base metal prices are on the down and out.

Most analysts, writers and investors know that it’s just damn hard to find a pure silver play in the junior resource or mid-tier mining sectors.

I found one some 23 months ago:

Oremex Resources Inc. (ORM.V) has been parked on my radar screen since then and has not taken off or really even started up for nearly two years. It had a problem.

The problem was this: Three previous CEO’s and various management teams failed to secure a surface use agreement with the local ejido and village on their flagship silver property in central Mexico. In a nutshell, socio-economic relationships were not developed properly by management and the company reached an impasse with some locals over surface access. Oremex then went thru a period from late 2005 to early 2009 with a veritable merry-go-round of incoming and outgoing officers and directors who just did not get the job done.

Obtaining clear title to surface rights and support of the local community can be problematic for exploration, development, and mining companies in Mexico. Though Mexico is a favored jurisdiction for gold and silver mining, surface rights are a geopolitical issue that have delayed or derailed a few potential mining operations in the country over the past several years (e.g., Mina Cerro San Pedro in San Luis Potosi, Campamento in Chiapas).

Oremex was a 27-35 cent stock when I first examined the company and spoke extensively with the former CEO in late January 2008. Earlier that month it had announced start of a pre-feasibility study on its Mexican silver project. That never happened because of the aforementioned surface access and rights problem.

ORM traded in that range until macroeconomic factors began to take their toll on junior resource stocks in the early spring. As markets bottomed in late October to early November 2008, it could be had for 3.5-5 cents. The company did not fare much better despite an overall improving market in the first six weeks of 2009.

A look at the two year chart shows the story or lack thereof until mid-February 2009 when completely new leadership assumed control of the company. The stock price immediately started to rise. Since mid-June it has built a nice base in the mid-high teens despite no material news:

The company has 72.8 million shares outstanding and 91.7 million fully diluted. Insiders, family and friends control 20%, institutions 20%, and the public float is 60%. At the current price of 14c, it has a market capitalization of about $10 million. A recent small private placement raised $520,000 and another will be closed this week to add $450,000. There are 14.1 million warrants in the money at 15 cents with expiries of February and July 2011 and 3.7 million at 17 cents expiring in November and December 2011.
Management holds 3.5 million options at a strike price of 10c. Note that all shares and warrants include the two recent financings.

Liquidity over the past six months has been moderate, trading about 800,000 shares per week. The 52 week high and low is 24 cents and 3.5 cents respectively, and in the past 30 days the stock has ranged from 13.5 to 20 cents. The company will have $1.4 million in working capital at week’s end and burn rate is very low at $45,000 per month.

You will note that this is a large number of shares for most advanced exploration companies that I cover.

But I often say when giving my pitch to potential clients that “everyone has his warts” and “please realize that I will discuss both the positives and the negatives of your company in my analysis.”

Rest assured I will not try to gloss over anything or pull the wool over the eyes of anyone. In the case of ORM, the company has a large number of shares and many cheap warrants which could overhang the market and limit the share price.

However, the story is compelling enough that I am willing to discount this flaw.

The reasons I like Oremex Resources are three-fold: The people, the flagship project, and the current market capitalization.

• Firstly, the people. They include:

Chairman John Carlesso is a merchant banker and financier with Toronto-based Cervello Capital. He has executive experience with successful junior resource companies. I have spent several hours in meetings with John doing my due diligence of Oremex for the past three months.

CEO Michael R. Smith is a geologist with major mining and junior resource exploration, development, and mining experience in the Americas. His resume includes stints as Barrick’s Chief Mine Geologist at Goldstrike, Nevada and its General Manager of Development and Exploration in Peru and Bolivia.

Carlos Pacheco is a geologist with almost 20 years of experience in exploration, development and operations, with major Mexican mining and Canadian junior companies. He manages community relations and assists in business development.

Director Dave Prins is a civil engineer who was an integral part of Placer Dome’s project development teams at Porgera in Indonesia, Quebrada Blanca and Cerro Casale in Chile, and Pueblo Viejo in the Dominican Republic. Dave and I worked together on an advanced copper oxide project in Chile in 2006-2007 and I can vouch for his expertise in project development.

Geologist Ritch Hall is on the company’s advisory board. He brings valuable experience in mine development, permitting, and Mexican socio-economic issues as the former CEO of Metallica Resources.

As an aside, I have known Ritch since a sunny Sunday in the summer of 1986 when we met as competitors while sampling the same dozer cut on a prospect in northern Montana. He worked for a midtier Canadian mining company and arrived via Ford F150. I worked for a major US mining company and flew in via Hughes 500D. That was the pecking order in those days. The property actually belonged to a third company, in this case a major Canadian miner, and we were both trespassing.

This has always been the tried and true way we dumb field geologists in the USA have learned about competitors’ properties. Sneak on Sunday morning and sample their outcrops, trenches, and drill cuttings while they’re still in bed nursing hangovers from their weekly drinking bout on Saturday night.

None of those three mining companies exist today. One was bought out first by Homestake then by Barrick, one was bought out by Newmont, and the third was bought out by Vale. If memory serves, all three were hostile or white knight takeovers.

Such is the nature of capitalism: It’s survival of the fittest; eat or be eaten.

• Secondly, the project: Oremex’ flagship project is Tejamen consisting of 1670 ha and it is positioned in central Durango state, northern Mexico.

The property is located near Nuevo Ideal in the semi-arid high plains province and has favorable terrain, a year round working climate, an all-weather gravel road 15 km from the paved highway, power, and water.
Travel time to Tejamen from the capital city of Durango is about one and a half hours. I can fly from Albuquerque to Durango in a half day.

Good locations and logistics significantly discount the cost of exploration and development and that makes northern Mexico unbeatable as a mining venue. There are no four hour float plane rides, no helicopters, no bugs, no snow, no sunless skies, and no ice roads. Other than perhaps Nevada, there is not a cheaper place to operate in the world.

Tejamen Property, Durango, Mexico

The Tejamen project has a long history of exploration, development, and exploitation at Cerro Prieto and Los Mantos.

There are over a dozen vein zones that were exploited by mine workings from 1885 to 1910 and including a 50 tonne/day mill and cyanide recovery plant. During the 1970’s, Mina Cerro Prieto was developed by an 80 meter shaft, it produced up to 30 tonnes per day, and ore was shipped to a government-supported Fomento Minero concentrator.

From 1978 to 1990, the property was sampled by Consejo Recoursos Minerales, Tormex (Lacana subsidiary), and Luismin. Independence Mining Company drilled 7100 m in 36 holes from 1992-1994 and defined high grade vein structures with lower grade wall rock haloes. At the end of the last exploration cycle in 1998-1999, Kobex International drilled four holes.

Oremex’ Mexican subsidiary acquired the rights to the Tejamen property in 2000 and staked surrounding claims in 2001 and 2002. The company drilled 204 holes from 2003 to 2006 and conducted preliminary metallurgical testing on a composite ore sample.

The geologic setting of Tejamen is typical of the eastern foothills of the Sierra Madre Occidental.
Andesite to dacite volcanic rocks of the Lower Volcanic Series are intruded by dacite porphyry and interlayered with dacite and rhyolite tuffs. Faults on the property trend northeast and north and control the main high-grade sulfide vein zones while manto style mineralization is controlled by low angle structures and volcanic stratigraphy.

At Los Mantos, feeder veins are oxidized to about 50 meters depth and surrounded by low-grade, potentially bulk mineable oxide silver-(gold) haloes. Propylitic alteration is widespread and argillic and silica alteration occur in envelopes up to 80 meters wide around feeder vein structures.

Los Mantos Silver Deposit, Tejamen Project

Tejamen has a 43-101 inferred mineral resource of 22.6 million tonnes, grading 66.9 g/t Ag and 0.05 g/t Au, or 69.8 g/t Ag-equivalent using a cut-off of 20 g/t Ag. The 50.8 million ounces of silver-equivalent resource has been defined on 30 m by 40 m centers by 217 reverse circulation and 24 core holes totaling over 43,000 meters.

As explained above, most so-called silver plays are really base metal mines with by-product silver. Not all silver-equivalent ounces are created equal.

In the case of the Tejamen resource, there are minimal contained base metals that would complicate metallurgical processing or recovery. The contribution of gold to the overall equivalent grade also is very small, less than 5%.

Folks, this is a true silver deposit.

Metallurgical testing on a composite of reverse circulation chips indicated an average silver recovery of 73% for two columns with modest cyanide and lime consumption. Though these results are encouraging they are also very preliminary and additional metallurgical process testing is required.

In late 2006 a scoping study (preliminary economic assessment in 43-101-speak) was completed by Snowden Industry Mining Consultants. Their model envisioned a 10,000 tonne per day open pit, heap leach mine from the two mineralized zones. In its design scenario, Snowden anticipated moving the village of Tejamen to develop and mine the project.

A subsequent internal company analysis used data and cost estimates from the Snowden report and supported initial production from Los Mantos, which contains about 70% of the inferred silver resource and has significant exploration potential. Oremex’ new scenario does not contemplate moving the village.

With the efforts of new management in 2009 Oremex has made considerable progress in establishing amiable relations with the people of Tejamen. This past summer they initiated a community improvement program that hires local people on a rotating basis to clean, repair, and build village infrastructure. They have solicited and received assistance from government at federal, state, and local levels to gain support for the project by the community. In August the company announced they had regained access to the project. Although final agreements are pending, management is optimistic that a surface agreement can be secured in the near future.

• Thirdly, the low market capitalization, which is $10.2 million using the current stock price of 14 cents:

With the 43-101 inferred resource of 50.8 million ounces silver equivalent, the company currently is valued at 20 cents per ounce of silver in the ground. Though I know of no comparable silver-only explorers, this is a very low valuation for any precious metals junior. Using a Au:Ag ratio of 65 and a silver recovery of 70% compared to 85% for high recovery heap leach gold operations, 50.8 million ounces of silver would equate to roughly 644,000 oz of Au.

Let’s use a conservative peer market valuation of $35-45/oz gold in the ground for advanced explorers with inferred resources. This exercise gives a fair market valuation for Oremex of about $23-29 million.

Although Oremex has sufficient working capital at its current level of activity, it must go to the market for financing to significantly advance the Tejamen project. This will result in additional dilution of the company and potentially impact the share price.

Oremex Resources Inc. is clearly an undervalued junior resource company at its current share price of 15c. In my opinion it has a strong chance of doubling in the next 12 months as progress continues on land rights and socio-economic issues at Tejamen and a round of delineation drilling and metallurgical testing advances the project toward development.

I have not yet visited the Tejamen project to conduct due diligence in the field. A field examination will happen in the near future and I will report my findings to you. However, I wanted to inform my loyal readers of this compelling story before the company’s share price starts to rise.

Please note that as a shareholder, I have a vested interest in Oremex. My cost basis is slightly higher than the current price. Oremex is also a sponsor of my website and I am really quite biased. As always folks, I simply choose to inform you of some of my favorites companies in the marketplace thru my Mercenary Musings. I’m assuming that Oremex will resolve its land tenure problems at Tejamen and significantly advance the project in the next 12 months. There is no assurance that these catalysts will happen.

Your risk/reward profile is different than mine and it is likely much less speculative than mine. Please put in some concerted effort, due your own research and your own due diligence on Oremex Resources Inc.
Determine if it is a junior resource company that meets your investing criteria.

Bottom line, this is what I think: Tejamen is indeed a pure silver play in Mexico indeed. Es pura plata.
Que Buena!

And it is undervalued.

Ciao for now,
Mickey Fulp
Mercenary Geologist

The Mercenary Geologist Michael S. 'Mickey' Fulp is a Certified Professional Geologist with a B.Sc. Earth Sciences with honor from the University of Tulsa, and M.Sc. Geology from the University of New Mexico. Mickey has 30 years experience as an exploration geologist searching for economic deposits of base and precious metals, industrial minerals, uranium, coal, oil and gas, and water in North
and South America, Europe, and Asia.

Mickey has worked for junior explorers, major mining companies, private companies, and investors as a consulting economic geologist for the past 22 years, specializing in geological mapping, property evaluation, and business development. In addition to Mickey’s professional credentials and experience, he is high-altitude proficient, and is bilingual in English and Spanish. From 2003 to 2006, he made four outcrop ore discoveries in Peru, Nevada, Chile, and British Columbia.

Mickey is well-known throughout the mining and exploration community due to his ongoing work as an analyst, newsletter writer, and speaker.

Contact: Mickey@MercenaryGeologist.com

Disclaimer: I am a shareholder of Oremex Resources, Inc. and it is a sponsor of my website. I am not a certified financial analyst, broker, or professional qualified to offer investment advice. Nothing in a report, commentary, this website, interview, and other content constitutes or can be construed as investment advice or an offer or solicitation to buy or sell stock. Information is obtained from research of public documents and content available on the company’s website, regulatory filings, various stock exchange websites, and stock information services, through discussions with company representatives, agents, other professionals and investors, and field visits. While the information is believed to be accurate and reliable, it is not guaranteed or implied to be so. The information may not be complete or correct; it is provided in good faith but without any legal responsibility or obligation to provide future updates. I accept no responsibility, or assume any liability, whatsoever, for any direct, indirect or consequential loss arising from the use of the information. The information contained in a report, commentary, this website, interview, and other content is subject to change without notice, may become outdated, and will not be updated. A report, commentary, this website, interview, and other content reflect my personal opinions and views and nothing more. All content of this website is subject to international copyright protection
and no part or portion of this website, report, commentary, interview, and other content may be altered, reproduced, copied, emailed, faxed, or distributed in any form without the express written consent of Michael S. (Mickey) Fulp, Mercenary Geologist.

Copyright © 2009 Mercenary Geologist. All Rights Reserved.

YeOldGoldNugget's links of interest

Trend Analysis
Get the most recent Trend Analysis on Oremex Resources Inc. by following this link :
Marketclub - Oremex Resources Inc. Trend Analysis (What's this?)

US Dollar Extends Gains

2009-12-22T17:02:00.000-08:00

The Dollar Increases on the Euro's Decline.

US Dollar Daily Chart

Chart is courtesy of marketclub.
Marketclub - US Dollar Trend Analysis (What's this?)

I'll just do a quick run down on the chart.

I've added the ADX chart. Again on the ADX for those who have not used this indicator before, the Average Directional Index can determine trend strength regardless of the market direction. This non-directional oscillator is based on a range of 1 to 100 (although movements over 60 are rare). If the line is under the 20 mark, the trend is considered to be weak. If the line is above the 40 mark, the trend is considered to be strong. The ADX line is built on the results of two separate technical indicators, the +DI (force of up-moves) and the –DI (force of the down-moves). The default for this study is 14 periods which takes into the consideration the measurements of the +DI and –DI for the last 14 periods.

Knowing that and looking at the chart, you can clearly see that the -DI has had the upper hand for most of the year since March 2009. That changed however early December when the dollar started rallying on the very bad news that was coming out of Europe and in particular from Greece, Spain, Portugal and Ireland.

Have a read through following article.

The MACD or Moving Average Convergence Divergence is clearly trading upwards and on the daily trading above the center line. It has not been above the center line since March 2009. So daily and thus short term the trend is UP.

RSI or Relative Strength Index has reached the overbought zone.

To summarize, short term, yes we are in an UP trend, the chart confirms that. However, RSI has reached overbought. MACD is trending higher but with choppy performance. We are trading farther and farther away from the 30 and 50 MA so a consolidation is getting more and more likely to happen from here.

US Dollar Weekly Chart

Chart is courtesy of marketclub.
Marketclub - US Dollar Trend Analysis (What's this?)

MACD, well we are still trading below the center line which confirms that weekly we are still not out of the woods yet. The histogram however shows a nice steady increase, one which qualifies as being strong and steady.

RSI is hovering around 50 which leaves plenty of room either UP or DOWN.

From earlier on in the article you already read about the ADX indicator. Well, then you know that the blue line does not tell you anything about the direction but merely the strength of the trend. Our blue line thus was increasing from March 2009 until the beginning of December 2009. Now because the dollar was dropping since March our blue line thus indicated that there was a strong DOWN trend.

Now that we see the ADX bending down and going lower we can thus assume that the strength of the down trend has decreased.

The +DI however was trading upwards but has now flattened out so I will have to wait and see if we get any higher beyond from where we are now.

From the chart we also see that we are now trading above the 10 and 30 MA on the weekly. That still leaves us the 50 MA at around 80.56. Until we have clearly taken out the 80.00 there is no difference to the long term trend...which is still DOWN by the way.

YeOldGoldNugget's links of interest

Orko Silver's Strong Performance

2009-12-22T14:55:00.000-08:00

Orko Silver still going strong.

Orko Silver Daily Chart

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis (What's this?)

Well, not much has changed since I wrote up my last chart. Not for Orko Silver anyway which is still going strong despite a correcting gold and silver market. Just goes to show how a stock gets a reputation of being a strong performer. That title in my book at least is also bestowed on stocks that can witter any storm.

Just compare Orko Silver to most other stocks. Result. Orko holds, most others drop!

Besides that, just take a look at some of the profits one could have taken since Orko Silver started its up march. From early September trading around $0.60 and going to $0.90 up to November for a 50% gain. Then, from early November from $0.90 to around now $1.25 for another near 40% gain.

Also, just take a look at some of these volumes of the last couple of days :

December 16, 2009 Volume 875K
December 17, 2009 Volume 689K
December 21, 2009 Volume 447K

That is some very steady trading to put it mildly. I don't know why but I have the feeling that someone is loading up on shares around $1.20. If that is the case than when this party is done with their Christmas shopping then I expect we could see the start of another UP rally.

I think we have plenty of support at $1.00 and some additional support at $1.10. Anything below that is buying opportunity in my book and that is not saying that it still isn't cheap at $1.20...cause it is.

MACD or the Moving Average Convergence Divergence indicator is trending downwards but not with such strength so as to be concerned. I think this will bounce back up way before we hit the center line. This already shows in the histogram. As you see, the histogram is not increasing but remaining the same.

From the chart we can also see we are still trading above all Moving Averages, and above, well sorta cause we are right at the 10 MA which is around $1.20

So on the daily, I still do not see any considerable downside from here so therefor I must conclude that until said party is loaded up we will remain pricebound around these prices of $1.10 to $1.25.

Orko Silver Weekly Chart

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis (What's this?)

Weekly, still looking at a BULLISH chart. There is this small delay in Durango station we are experiencing but I reckon we are just loading up on passengers until the Silver Train is fully booked up and ready to go!

The rise in average volume can clearly be seen on the weekly chart. I've drawn a red arrow beneath the red line to visualize this. So, more and more shares are changing hands.

MACD is trending upwards and above the center line and thus our UP trend is still intact.

Orko Silver Weekly ADX Chart

I've also added the ADX chart. Again on the ADX, the Average Directional Index can determine trend strength regardless of the market direction. This non-directional oscillator is based on a range of 1 to 100 (although movements over 60 are rare). If the line is under the 20 mark, the trend is considered to be weak. If the line is above the 40 mark, the trend is considered to be strong. The ADX line is built on the results of two separate technical indicators, the +DI (force of up-moves) and the –DI (force of the down-moves). The default for this study is 14 periods which takes into the consideration the measurements of the +DI and –DI for the last 14 periods.

Knowing this and taking a look at Orko's ADX...clearly UP and the trend is qualifying for a STRONG rating.

YeOldGoldNugget's links of interest

Mexivada Options Goldstorm Nevada Gold Project to West Kirkland Mining Inc.

2009-12-22T13:45:00.000-08:00

TSX-V: MNV
OTC: MXVDF
Frankfurt: M2Q

You can read the original news release by clicking here.
VANCOUVER, Dec. 22 /CNW/ - Mexivada Mining Corp. is pleased to announce that it has entered into a letter of intent with West Kirkland Mining Inc. ("WKM") pursuant to which WKM has been granted an Option to earn up to a 75% undivided interest in the Goldstorm Gold property. Goldstorm is located near the projected intersection of the prolific Carlin and Getchell trends, 18 Km northeast of the 25 million ounce Twin Creeks gold mine and 18 Km northeast of the 3 million ounce Midas gold mine, Nevada. The Property comprises contiguous blocks of patented ranch lands and unpatented lode mining claims totaling approximately 4,080 acres.

West Kirkland Mining Inc. is a private company founded by R. Michael Jones, P.Eng and Frank Hallam, CA. Michael Jones and Frank Hallam are co-founders of West Timmins Mining, MAG Silver (MAG-TSX, MVG NYSE-AMEX) and Platinum Group Metals (PTM-TSX, PLG-NYSE-AMEX). West Timmins Mining recently was sold to Lakeshore Gold for $340m.

The Goldstorm property shows high-grade Midas-style gold mineralization at the surface, with gold values of up to 39 grams per tonne found in the 1990s, and several untested gold targets have been defined by recent work by Mexivada. Goldstorm also holds good potential for the discovery of large, mine-scale Carlin-style gold mineralization.

Under the terms of the Option agreement, WKM can acquire an initial 56% interest in the Property by incurring a total of US$2,900,000 in exploration expenditures on the property, $340,000 in cash payments, and shares of WKM as follows:

                                           No. of                   Work
                        Cash              shares             Commitment

On acceptance          90,000              50,000
1st year               75,000                   0                150,000
2nd year               75,000             150,000                250,000
3rd year              100,000                                    500,000
4th year                                  250,000              2,000,000
                     --------------------------------------------------
To earn 56%           340,000             450,000              2,900,000

WKM shall also pay all County, BLM and lease-option payments required to hold all of the existing mining claims and leases in good standing.

WKM can acquire an additional 19% interest (for a total 75% interest) in the Goldstorm property by incurring an additional US$2,250,000 in expenditures within 24 months of the date upon which WKM earns an initial 56% interest in the Property, at which time WKM must issue a further 250,000 shares to Mexivada, Each party shall then be responsible for financing its own share of further work. WKM and Mexivada will also have the pro-rata right to purchase a 3% net smelter royalty ("NSR") from the SKI claims property lessor (R. Redfern and Allied Nevada Gold Corporation) at the rate of US$1,000,000 for each 1% of NSR purchased for the first 2 percentage points and US$2,000,000 for the 3rd percentage point (75% as to WKM and 25% to Mexivada).

Richard Redfern President of Mexivada said "We have completed the baseline work at Goldstorm to confirm the potential. We are pleased to bring on a partner where the founders have a strong, successful track record of persistent disciplined exploration in precious metals". The Company's President and CEO, Richard R. Redfern, M.Sc. and Certified Professional Geologist, a 'qualified person' for the purposes on National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified the information and evaluated the interpretations contained in this news release.

About Mexivada Mining Corp.
------------------------------

Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, mining, and joint venturing high-grade Gold-Silver, Tellurium, Diamond, and Hi-Tech Metal exploration projects in Nevada, Mexico, and Africa. Mexivada is managed by experienced and successful board members and advisors. For further information, including area maps, sections, and photos, please visit our web site at www.mexivada.com or contact us by e-mail at info@mexivada.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"RICHARD R. REDFERN"

Richard R. Redfern
President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information: Investor Relations, 1-866-922-6774, (778) 737-7771, info@mexivada.com, info@lionsgateIR.com, www.mexivada.com

YeOldGoldNugget's links of interest

Trend Analysis
Get the most recent Trend Analysis on Mexivada Mining Corp. by following this link :
Marketclub - Mexivada Mining Corp. Trend Analysis (What's this?)

A Closer Look at Orex Minerals

2009-12-22T05:43:00.000-08:00

Orex Minerals in the Spotlight.

Orex Minerals - Events Mapped to a Daily Chart

Chart is courtesy of marketclub.
Marketclub - Orex Minerals Inc. Trend Analysis (What's this?)

Highlights.

November 17, 2009.
Orex's Coneto Project Yields High Gold and Silver Values
Vancouver, B.C. - Orex Minerals Inc. - (REX: TSX-V) is pleased to present an interim reporting on the geological program at the Coneto silver-gold mining camp in Durango State, Mexico. In order to better define drilling targets, the southeastern region of the property has undergone extensive surface examination. This testing clearly illustrates strong parallel mineralized structures for gold and silver, as well as for pathfinder elements. As of the end of October, regional geology... (30 KB)

August 31, 2009
Geological Work Commences on Coneto Silver-Gold Project in Mexico
Vancouver, B.C. - Orex Minerals Inc. - (REX: TSX-V) is pleased to announce that geological field crews have commenced working on the Coneto silver-gold mining camp in Durango State, Mexico. Located in the Mesa Central on the eastern flank of the Sierra Madre Occidental Mountains, Coneto is centrally positioned in the "Mexican Silver Trend". This silver trend, stretching from Guanajuato in the southeast, through the states of Zacatecas and Durango, hosts some of the World's largest silver deposits, including the Fresnillo, Zacatecas, Real de Angeles, La Preciosa, and La Pitarrilla mining camps... (4 KB)

July 16, 2009
Orex Signs Letter of Intent to Purchase 100% of Core Claims in Coneto Silver-Gold Mining Camp in Durango Mexico
Vancouver, B.C. - Orex Minerals Inc. - (REX: TSX-V) is pleased to announce it has signed a "letter of intent" to purchase 100% of the core mineral concessions within the Coneto silver-gold mining camp in Durango State, Mexico. This agreement, with a number of private Mexican mining companies, gives Orex a strategic position in an important historic mining camp, with... (5 KB)

June 25, 2009
Orex Completes Phase-I Diamond Drilling at Santa Cruz
Vancouver, B.C. - Orex Minerals Inc. - (REX: TSX-V) is pleased to announce that Phase-I diamond drilling program has been completed at the Santa Cruz Project in Durango State, Mexico, a joint venture with Silverex S.A. de C.V. ("Silverex"). Diamond drilling was performed by Major Drilling Group International Inc. and took place in the Western structural district. Thi... (40 KB)

April 27, 2009
Orex Minerals Commences Drilling at Zambraneña
Vancouver, B.C. - Orex Minerals Inc. - (REX: TSX-V) announces the commencement of its drilling program, consisting of a planned eight holes within its Santa Cruz Project in Durango State, Mexico; a joint venture with Silverex S.A. de C.V.("Silverex"). Located in the Sierra Madre Occidental Mountains, Otaez Municipality, midway between Tayoltita (San Dimas) and Topia mining camps, the Santa Cruz Project lies within one of the World's most prolific min... (3 KB)

April 08, 2009
Orex hits 6 kilograms Silver per tonne over 1.1 metres on Zambraneña Vein, Diamond Drilling to Commence
Vancouver, B.C. - Orex Minerals Inc. - (REX: TSX-V) is pleased to announce that its joint venture partner Silverex S.A. de C.V. has mobilized an underground mining crew and a new portal has been constructed adjacent to Zambraneña creek on the Santa Cruz Project in Durango, Mexico. Thirty-seven metres of crosscut has opened access to the Zambraneña vein about 10 metres above the historic level 3, plus access to an old stope has been made. The Zambraneña Mine was a high-grade, small scale operation... (7 KB)

These News Releases may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orex relies upon litigation protection for forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

YeOldGoldNugget's links of interest

Gold Heading to $1050?

2009-12-21T14:21:00.000-08:00

Gold Spot Daily Chart

Chart is courtesy of marketclub.
Marketclub - Gold Spot Trend Analysis  (What's this?)

As of writing gold is already trading at $1088.35. It would seem and judging from the ADX indicator that the force of downward moves is increasing which means we could be looking further downwards.

Our 10 Moving Average is already a long way away at $1118 so daily and weekly we have run out of our closest supports.

As you see I've thus drawn a support at $1050. However, that is the first lowest level I'm looking at. There could be supports in between.

Gold Spot 5-Day Chart

Chart is courtesy of marketclub.
Marketclub - Gold Spot Trend Analysis  (What's this?)

From the 5-Day chart we see that the level around $1095 was taken out so another indicator which tells me we should look for a lower support.

So, what support remains there besides the $1050? Well, I've added two Fibonacci charts, one which has as start the latest rally which started late October and one which covers the entire rally from the beginning of September.

So, take your pick I'd say. Normally, when a stock retraces, traders look for a bounce from either the 61.8% or the 50.0% Fibonacci Retracement lines. So, only supports left would be found on the complete Fibonacci chart.

Gold Spot Daily Fibonacci Retracements

Charts courtesy of marketclub.
Marketclub - Gold Spot Trend Analysis  (What's this?)

Just know that daily and thus short term, the downside has again increased so take care with those long positions. Gold is not correcting on the rally from late October but it is correcting on the entire rally which started early September so $1050 would indeed be a great target.

Gold Spot Weekly Chart

Chart is courtesy of marketclub.
Marketclub - Gold Spot Trend Analysis  (What's this?)

On the weekly, the UP trend is still confirmed by the MACD, the ADX and the strong performance gold has had.

Not much more I can say here. I need to see the market perform after this day before I can second guess any further. One thing to watch is of course the dollar! I have absolutely NO frickin' idea on what basis this thing is rallying but it probably will have some very vague reason??? If anyone knows please enlighten me.

Jim Rogers has the following to say :

YeOldGoldNugget's links of interest

Industrial Gold Demand?

2009-12-18T09:24:00.000-08:00

Can Gold Destroy the Platinum Market?

By Greg McCoach

Friday, December 18th, 2009

It's been the 'Holy Grail' of the gold market for decades...

A mainstream industrial application.

Today, technical breakthroughs in automobile emissions devices may have just ended that wait.

Gold may be the next generation of "technology metals," but what's good for gold may be devastating to other members of the precious metal family.

In fact, advancing technologies in autocatalysts may cause...

Demand for Platinum and Palladium to be Cut in
Half

One of the biggest risks to platinum and palladium prices has always been their heavy dependence on the automobile industry.

That's because more than half of the world's demand for these metals comes from the global autocatalyst market.

So a new autocatalyst technology that doesn't require their use puts platinum and palladium prices in a very sensitive situation.

And that's exactly what started to worry platinum and palladium investors when one company developed a new metal alloy that substituted traditional catalyst metals for gold.

If I don't deliver 20 double-digit gains in one year. . .

I'll give you $1,999!

Click here for more. . .

Privately-owned Nanostellar Inc. recently designed and developed a new metal alloy for autocatalysts using gold for the first time.

The company says the new alloy can improve the performance of diesel emissions control catalysts by 25% to 30%.

The substitution of gold for platinum in autocatalysts even makes good economic sense.

Gold is ten times more abundant, and therefore has always been much cheaper than platinum.

The world's supply of gold is also less geographically concentrated. More than 90% of the entire world's platinum is produced from only four mines in Russia and South Africa. Gold, on the other hand, has been discovered in economically minable qualities on six continents. This makes gold less prone to output disruption.

The problem with substituting gold for platinum or palladium in autocatalysts, however, has been in the chemistry.

Gold is an excellent oxidation catalyst, but high temperatures greatly reduce the metal's catalytic qualities.

Will Gold Completely Replace Platinum or Palladium?

Autocatalysts convert over 90% of a vehicle's exhaust pollutants — including carbon monoxide and particulate, which contains known cancer-causing compounds — into less harmful carbon dioxide, nitrogen, and water vapor.

For now, probably not.

And the demand for platinum and palladium is safe.

At the moment, the financial incentive to use gold over platinum is no longer quite so attractive.

Gold prices are currently about $1,100 an ounce, compared to ~$1,400/oz for platinum. Even though gold is still 20% cheaper than platinum, the additional research, development, and manufacturing costs whittle this savings down.

Ultimately, if gold should happen to progressively replace platinum in autocatalysts, platinum prices would quickly fall, making it again more cost-effective.

So it appears that the only real advantage gold has in this context is its more favorable supply profile.

This may be attractive enough to persuade car companies to consider using it as a catalyst at some point in the future, so long as the price differential becomes rather more competitive.

For the time being, however, it appears that gold will not replace platinum or palladium in autocatalysts.

Autocatalyst technology, however, continues to develop. And it appears that a gold/platinum/palladium alloy — such as the one developed by Nanostellar Inc. — could be used in vehicle emissions control devices for diesel passenger vehicles in the next couple of years.

And here's the thing...

Gold is rapidly becoming one of the world's top "technology metals." It is one of several "technology metals" included in the $273 billion worth of rare earth elements found in Greenland vital to important modern technologies.

Industrial demand for gold is still weak compared to other precious metals. But developers are finding new industrial applications, like Nanostellar's catalyst alloy, for gold all the time.

And in the coming years, advancing technologies will inevitably create even more growth opportunities in the industrial demand for gold.

Good Investing,

Greg McCoach
Editor, Wealth Daily
Investment Director,
The Mining Speculator
Greg McCoach's Insider Alert

Images added by YeOldGoldNugget.

YeOldGoldNugget's links of interest

Trend Analysis
Get the most recent Trend Analysis on Gold Spot by following this link :
Marketclub - Gold Spot Trend Analysis  (What's this?)

Get the most recent Trend Analysis on Platinum Spot by following this link :
Marketclub - Platinum Spot Trend Analysis  (What's this?)

Get the most recent Trend Analysis on Palladium Spot by following this link :
Marketclub - Palladium Spot Trend Analysis  (What's this?)

Orko Silver Chart December 18, 2009

2009-12-18T08:09:00.000-08:00

Orko Silver Marches Onwards.

Orko Silver Daily Chart

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis (What's this?)

Looking at the daily chart we see Orko Silver again since the last two days trading below the 10 MA. With the whole correction in gold and silver I must say that Orko Silver held up pretty well.

The daily chart all in all is, well...not extremely good. Not a total disaster but no total happy camp either. Very short term this could go further down. That is if I go by the negative divergence which I see on the chart. You see, while Orko Silvers price is trading higher from late November to mid December, on the MACD we already see a decline which is a negative signal and thus bearish. We are also trading below the 10 Moving Average. RSI or Relative Strength Index is just about nearing 50.

With this bearish thought in mind I have to say, looking back at the combined action of these last days...doesn't really seem like there is a lot of downside here. So will this negative divergence lead us to a price of $1.14 which coincides with the 30 MA or will we need a correction to the 50 MA at $1.06?

Well, I for one, I didn't put it on the chart but there does also seem to be some support at $1.10 so I'm looking at either the 30 MA at $1.14 or somewhere around $1.10. Anything below that is shopping season, my 2 gold nuggets then.

Looking at the volume leads me only to positive thoughts. Nice, steady volume, plenty of action for all to either sell or buy their shares. MA volume is running for the last month with an average volume starting with 250K and running up to 450K. And those are averages mind you!!

So, to summarize, daily and thus in short term one might expect either a little bit down to levels I indicated above or we will go further sideways like we have done the last couple of days.

Orko Silver Weekly Chart

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis (What's this?)

Weekly is a whole different matter. The little correction and also the slowdown in the up trend is but a mere blip on the weekly chart. On the weekly there is no sign of any bearish signals. That is NONE!

We are still steadily trading above all Moving Averages. Volume is steady and increasing when looked at the MA. (the red arrow)

MACD shows a slight decrease in the histogram but on the weekly still too small to make any difference to the leading trend...which is still UP!

YeOldGoldNugget's links of interest

Gold Investment Made Easy

2009-12-17T11:00:00.000-08:00

A lump of pure gold is so simple,why pay one penny more than you should?

YOU MIGHT THINK it easy enough.

Buy gold. Hold it securely, and then sell it — at a time of your choosing — for full value.

Gold itself, after all, couldn't be simpler. Sitting at No.79 in the Periodic Table, it's a mere lump of metal, prized for its beauty and rarity, and used to store wealth for more than 5,000 years.

Yet buying and selling gold is rarely made easy for private investors. And it's almost never made cheap.

Coins & bars you can hold in your hand — but only if you're willing to pay very high dealing, handling & shipping costs, plus high insurance or safety-deposit bills;
Certificates and "pool" programs often charge more in annual storage fees than most mutual funds charge for active stock selection;
Futures & options greatly increase your risk of short-term losses, and their hidden costs soon add up;
Exchange-traded funds (gold ETFs) claim to trade like a stock, but they rely on complex trust deeds to "track" the gold price — and they fail to give you any real physical ownership.

So many ways to buy gold! And so many ways to pay more than you need to get less than you want.

How the Professional Gold Market Works

Traders in the professional gold market don't put up with complex trust deeds, of course. Nor do they suffer wide spreads, fat commissions or high storage fees.

This exclusive club only deals in what are known as "Good Delivery" gold bars. Warranted to be 99.5% pure gold, and cast by market-approved refiners, these 400-ounce bars of solid gold bullion are all that professional gold dealers want.

Weight and purity both come without question, so the "spread" between prices to buy and prices to sell is cut to a fraction of what you'll pay a gold-coin dealer.

These big wholesale gold bars, in short, offer you big wholesale savings.

If you're not trading Good Delivery gold bars, you're also locked out of the ultra-secure vaults where professional traders keep their gold. Deep below ground, these market-approved facilities are the safest places on earth for privately-owned gold.

That's why annual storage fees — with insurance included — run to 0.12% or less.

But trying to put just one big bar of gold into secure storage won't be enough, however. Professional vault operators demand a minimum holding of 15 large bars or more — and that would now cost you $6.03 million at today's prices.

A Break-Through for Private Investors

How can you get in? BullionVault now makes these big bars of professional gold available to private investors around the world.

As ever, buying wholesale is much cheaper than paying retail. And you can start with as little as one gram of gold today — for free — by registering here...

Use the simple, straightforward order board at BullionVault today, and you can buy and sell Good Delivery gold instantly with no risk of default.

The spread between prices to buy and prices to sell regularly runs to just 0.3% and below. And the gold you buy at BullionVault belongs to you — and you alone — the very moment you deal.

How does it work? Because all BullionVault gold is already safe & secure inside professional gold storage, there's no shipping & no delivery costs.

Only ownership changes hands, and only ever in return for cleared cash funds. There's no credit and no leverage at BullionVault.

The Safest Way to Own Real Gold Bullion

Your total dealing costs will be up to 80% lower than buying gold coins. Storing your gold in our secure, market-approved vaults will then cost less than one-third the fees of using an exchange-traded gold fund (ETF).

You also get to choose where to store your gold, selecting from our secure, market-approved gold vaults in your choice of New York, London or Zurich, Switzerland.

Remember — all deals at BullionVault are settled with gold that's already safe, inside the vault. So you face no risk of default.

The very instant you buy, your gold belongs to you — outright, in your name alone. And as it's your property, your gold remains safe from the financial performance of BullionVault, too.

No one can use your gold to repay their debts. We simply look after it for you, saving you money and hassle, in return for a small annual fee of 0.12% per year (minimum $4 per month).

Start Today with This Free Gram in Zurich

BullionVault's quiet revolution in the global gold market is fast-gathering pace — and it's already been featured by the Financial Times, Stern magazine in Germany, CNBC, Bloomberg News, and many other highly-respected news sources.

You can join this service today at no cost to yourself. Simply register here for a free gram of gold, stored on your behalf in Zurich, Switzerland.

Register now, and you can then sell this gram...buy it back...and sell it again to test-drive the BullionVault service without risking one penny of your own money.

Opening a Risk-Free Trading Account will put you under no obligation to buy gold, and no salesman will call.

Nor will we spam, rent or abuse your email address in any way.

If you find that you like the safety, simplicity, and low prices that BullionVault offers, then simply follow the instructions online to fund your account and start investing in gold.

Because buying gold doesn't need to be hard — and it need not be expensive.

Trend Analysis
Get the most recent Trend Analysis on Gold Spot by following this link :
Marketclub - Gold Spot Trend Analysis (What's this?)

Free Email Trading Course

2009-12-17T08:43:00.000-08:00

Again, a lot of new readers with perhaps a lot of questions about the terms I use when I do my charts and what to look out for. Here is the article with the email trading course sign up from MarketClub which highlights most of these points. Have a read and see if it is anything which might add to your trading skills. There is an unsubscribe link when you are done which works by the way. Anyway, here is the article :

First of all I want to thank you for having me as a guest today!

My name is Adam Hewison. You might want to Google Me to confirm what I am about to share with you.

There are plenty of people out there that create 'exclusive email courses' with little or no credentials to actually backup their teachings. So, I think it’s right that I share a little bit about myself with you before we even start.

I was a former floor trader on the IMM, IOM, NYFE and LIFFE as well as a risk manager of a large, multinational corporation in Geneva, Switzerland. I also have written books on forex trading and trend following. In 1995, I founded INO.com and later co-founded MarketClub. I’ve been in the trading biz for over three decades and have seen it all. I created this course as a way to give back and share trading tips and techniques that I still use in my trading today.

In my Free Mini Email Course, I will show and explain the tools and strategies you need to increase your success rate in the marketplace.

The importance of psychology in price movement
How to spot mega trends
Understanding of technical price objectives
How to picture price objectives
How to trade with moving averages
How to use point and figure trading techniques
How to use the RSI indicator
How to correctly use stochastics in your trading
How to use the ADX indicator to capture trends
How to capitalize on natural market cycles.

Plus, you will you will learn all about fibonacci retracements, MACD, Bollinger Bands and much more.

Just fill out the form and we’ll get you started right away.

Every success,
Adam Hewison
President, INO.com & Co-Creator, MarketClub

Mexivada Samples High Grade Gold-Silver-Tellurium Zone at Gold Jackpot Property, Nevada

2009-12-17T06:43:00.000-08:00

TSX-V: MNV Mexivada Samples High Grade Gold-Silver-Tellurium Zone at Gold Jackpot Property, Nevada
Read the original news release by clicking here.

TSX-V: MNV
OTC: MXVDF
Frankfurt: M2Q

VANCOUVER, Dec. 17 /CNW/ - Mexivada has delineated a significant zone of high-grade gold-tellurium-silver-lead-indium (Au-Te-Ag-Pb-In) mineralization on its 1320 acre Gold Jackpot sediment-hosted gold property, located 70 Km due north of Fronteer Development/AuEx's Long Canyon gold discovery.

Gold Jackpot contains high-grade polymetallic mineralization along nearly 1.5 km of exposed structures and discontinuously over at least 2.2 km. The mineralization appears to extend northward and southward on the property. A 650 by 150 metre fault intersection core area in the middle part of the Gold Jackpot property is the locus of the highest grade mineralization, including samples OS-102 that assayed 4.48 ppm gold, 338.9 ppm Te, 239.7 ppm Ag, 2.4% Pb, and 15 ppm In; and sample OS-55 with 2.21 ppm gold, 263.5 ppm Te, 91.6 ppm Ag, 1.1% Pb, and 41 ppm In. Tellurium and gold together often are difficult to recover without specialized assay techniques, meaning that these tellurium and gold values may be lower than the actual metal contents present in the Gold Jackpot samples. Both samples contained very low amounts of sulfur, bismuth, and low arsenic. Local copper values of up to 551 ppm Cu are present.

Several exploration holes previously were drilled at Gold Jackpot. It was reported that Gold Fields or Tenneco may have drilled several shallow holes in the early 1980's, two of which contained 40 to 50 foot zones of gold mineralization that assayed approximately 0.05 oz/ton gold (1.7 g/t Au).

Gold Jackpot and Long Canyon are interpreted to occur along a new, northerly-trending structural gold belt, labeled the "Pequop Trend" on Mexivada's website. Gold deposits at both sites are associated with northeasterly and northerly trending gold fault-feeder systems and dike-form igneous rocks. Gold Jackpot area has aplitic pre-mineral dikes, and Long Canyon has lamprophyric dikes. The Gold Jackpot mineralization is interpreted to be magmatic, distal disseminated, feeder-controlled, polyphase gold-tellurium-silver-lead-indium mineralization with potential for large-scale disseminated mineralization at depth. It is not known if the gold and tellurium are related to an epithermal Au-Te system like Cripple Creek or the Emperor Mine in Fiji, or to a buried porphyry system enriched in Te and Indium.

Tellurium is used in modern "green" solar panel technologies developed by First Solar Corporation, and sold for over $300/kg in 2008. Indium is another Hi-Tech metal, important in LCD panels, and currently sells for more than $400/kg.

In accord with Mexivada's exploration model of searching for plus 5 million ounce gold deposits, the targets at Gold Jackpot are large enough to hold a multi-million ounce gold-tellurium deposit, and large enough to be of interest to major mining companies. The project is in an unpopulated area on BLM managed lands. Enough open flat ground is present in the area to accommodate the facilities, dumps, and ponds for a large scale commercial mining operation.

Maps showing the property geology and mineralization are being posted to Mexivada's website at www.mexivada.com. The Company's President and CEO, Richard R. Redfern, M.Sc. and Certified Professional Geologist, a 'qualified person' for the purposes on National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified the information and evaluated the interpretations contained in this news release.

About Mexivada Mining Corp.

Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, mining, and joint venturing high-grade Gold-Silver, Tellurium, Diamond, and Rare Metal exploration projects in Mexico, Nevada, and Africa.

Mexivada is managed by experienced and successful board members and advisors. For further information, including area maps, sections, and photos, please visit our web site at www.mexivada.com or contact us by e-mail at info@mexivada.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"RICHARD R. REDFERN"

Richard R. Redfern
President
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Caution Concerning Forward-Looking Statements

This news release and related texts and images on Mexivada's website contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of mineralization potential, drilling and assay results, future exploration work, and the anticipated results of this work. Forward looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metals and diamond prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the company's projects; uncertainties involved in the interpretation of sampling and drilling results and other tests; the possibility that required permits and access agreements may not be obtained in a timely manner; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in these work programs.

Forward-looking statements contained in this release are based on the beliefs, estimates, and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. Mexivada Mining Corp. undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors, should change.

For further information: Investor Relations, (866) 922-6774, (778) 737-7771, info@mexivada.com, info@lionsgateIR.com, www.mexivada.com

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Orko Silver - Metallurgical Testing Yields 91% Average Silver Recovery

2009-12-16T02:38:00.000-08:00

Pan American Silver Corp.

TSX: PAA NASDAQ: PAAS

Orko Silver Corp.
TSX VENTURE: OK

Dec 16, 2009 05:30 ET

Pan American Silver and Orko Silver Announce Positive Test Results at the La Preciosa Project

Metallurgical Testing Yields 91% Average Silver Recovery

VANCOUVER, BRITISH COLUMBIA--(Marketwire – Dec. 16, 2009) - Orko Silver Corp. ("Orko") (TSX VENTURE:OK) and Pan American Silver Corp. ("Pan American") (TSX:PAA)(NASDAQ:PAAS) are pleased to announce that phase one metallurgical testing conducted on representative samples of the different veins at the La Preciosa joint venture project in Durango, Mexico have yielded excellent results.

Pan American has completed a first phase detailed metallurgical program, which included: work index tests, abrasion tests, mineralogical studies, gravity tests, floatation tests and cyanide leach tests. The program was a follow-up to the preliminary testing conducted in 2008 by Orko (Orko's news release April 17, 2008). Additional flotation studies are still underway.

Simple cyanide leaching yielded average silver recoveries of 91%, although the use of selective oxidants could further enhance these results. In addition, Pan American has been successful in reducing cyanide consumption to 1.6 kg/t, which is materially lower than the results from the metallurgical work previously completed by Orko. Lastly, the current test work has shown that with the use of oxidants, the leach cycle times can be reduced to 48 hours with minimal impact on ultimate silver recovery.

Gary Cope, president of Orko Silver Corp., stated:

This is excellent news. Confirming the straightforward leaching characteristics of the ore while reducing both cyanide consumption and leach times are clear enhancements to the La Preciosa project.

Also commenting on the metallurgical results, Geoff Burns, President and CEO of Pan American Silver, said:

These are very good results and better than we expected. We are fully engaged in all aspects of the project and still expect to produce a full feasibility study for La Preciosa by the end of next year.

In addition to continuing delineation and exploration drilling, as well as doing additional metallurgical testing, the project is being actively advanced on a number of other critical path items. Hydrogeological services have been contracted to begin determining appropriate water sources and Pan American has been in active dialogues with the local communities and land owners in the project's immediate vicinity who would be affected by La Preciosa's development.

Technical information contained in this news release has been reviewed by Michael Steinmann, P.Geo., Executive Vice President Geology & Exploration, and Martin Wafforn, P.Eng., VP Technical Services, who are Pan American's Qualified Persons for the purposes of NI 43-101. George Cavey, P. Geo. is Orko's Qualified Person for the purposes of NI-43-101.

Link to the original news release can be found by clicking here.

About Orko Silver Corp.

Orko Silver Corp. is developing one of the world's largest primary silver deposits, La Preciosa, located near the city of Durango, in the State of Durango, Mexico.

About Pan American Silver Corp.

Pan American Silver's mission is to be the world's largest and lowest cost primary silver mining company, and to achieve this by increasing its low cost silver production and its silver reserves. The Company has eight silver mining operations in Mexico, Peru, Argentina and Bolivia.

THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND "FORWARD-LOOKING INFORMATION" WITHIN THE MEANING OF APPLICABLE CANADIAN SECURITIES LEGISLATION. ALL STATEMENTS, OTHER THAN STATEMENTS OF HISTORICAL FACT, ARE FORWARD-LOOKING STATEMENTS. WHEN USED IN THIS NEWS RELEASE, THE WORDS "ANTICIPATE", "BELIEVE", "ESTIMATE", "EXPECT", "INTEND", "TARGET", "PLAN", "FORECAST", "STRATEGIES", "GOALS", "OBJECTIVES", "BUDGET", "MAY", "SCHEDULE" AND OTHER SIMILAR WORDS AND EXPRESSIONS, IDENTIFY FORWARD-LOOKING STATEMENTS OR INFORMATION. SUCH FORWARD-LOOKING STATEMENTS AND INFORMATION INCLUDE, BUT ARE NOT LIMITED TO, STATEMENTS AS TO: PAN AMERICAN'S FUTURE EXPENDITURES AND ACTIVITIES FOR THE BENEFIT OF THE JOINT VENTURE, WHICH ARE CONDITIONAL TO PAN AMERICAN MAINTAINING ITS INTEREST IN THE JOINT VENTURE; LA PRECIOSA ACHIEVING FUTURE PRODUCTION; VALUE CREATION AND GROWTH FOR PAN AMERICAN'S AND ORKO'S SHAREHOLDERS; CONTINUITY OR EXPECTED IMPROVEMENTS IN METAL RECOVERIES, CYCLE TIMES, CYANIDE CONSUMPTION RATES OR OTHER METALLURGICAL RESULTS, OR THE APPLICABILITY OF ANY SUCH RESULTS TO THE LA PRECIOSA PROJECT MORE BROADLY.

SUCH FORWARD-LOOKING STATEMENTS REFLECT THE CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE NECESSARILY BASED UPON A NUMBER OF ASSUMPTIONS AND ESTIMATES THAT, WHILE CONSIDERED REASONABLE, ARE INHERENTLY SUBJECT TO SIGNIFICANT BUSINESS, ECONOMIC, COMPETITIVE, POLITICAL AND SOCIAL UNCERTAINTIES AND CONTINGENCIES. MANY FACTORS, BOTH KNOWN AND UNKNOWN, COULD CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR ACHIEVEMENTS OF PAN AMERICAN, ORKO OR THEIR RESPECTIVE OPERATIONS THAT ARE OR MAY BE EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE AND THE COMPANIES HAVE MADE ASSUMPTIONS AND ESTIMATES BASED ON OR RELATED TO MANY OF THESE FACTORS. SUCH FACTORS IN RELATION TO PAN AMERICAN INCLUDE, WITHOUT LIMITATION: FLUCTUATIONS IN SPOT AND FORWARD MARKETS FOR SILVER, GOLD, BASE METALS AND CERTAIN OTHER COMMODITIES (SUCH AS NATURAL GAS, FUEL OIL AND ELECTRICITY); FLUCTUATIONS IN CURRENCY MARKETS (SUCH AS THE PERUVIAN SOLES, MEXICAN PESO, ARGENTINE PESO AND BOLIVIAN BOLIVIANO VERSUS THE U.S. DOLLAR); RISKS RELATED TO THE TECHNOLOGICAL AND OPERATIONAL NATURE OF PAN AMERICAN'S BUSINESS; CHANGES IN NATIONAL AND LOCAL GOVERNMENT, LEGISLATION, TAXATION, CONTROLS OR REGULATIONS AND POLITICAL OR ECONOMIC DEVELOPMENTS IN CANADA, THE UNITED STATES, MEXICO, PERU, ARGENTINA, BOLIVIA OR OTHER COUNTRIES WHERE PAN AMERICAN MAY CARRY ON BUSINESS IN THE FUTURE; RISKS AND HAZARDS ASSOCIATED WITH THE BUSINESS OF MINERAL EXPLORATION, DEVELOPMENT AND MINING (INCLUDING ENVIRONMENTAL HAZARDS, INDUSTRIAL ACCIDENTS, UNUSUAL OR UNEXPECTED GEOLOGICAL OR STRUCTURAL FORMATIONS, PRESSURES, CAVE-INS AND FLOODING); RISKS RELATING TO THE CREDIT WORTHINESS OR FINANCIAL CONDITION OF SUPPLIERS, REFINERS AND OTHER PARTIES WITH WHOM PAN AMERICAN DOES BUSINESS; INADEQUATE INSURANCE, OR INABILITY TO OBTAIN INSURANCE, TO COVER THESE RISKS AND HAZARDS; EMPLOYEE RELATIONS; RELATIONSHIPS WITH AND CLAIMS BY LOCAL COMMUNITIES AND INDIGENOUS POPULATIONS; AVAILABILITY AND INCREASING COSTS ASSOCIATED WITH MINING INPUTS AND LABOUR; THE SPECULATIVE NATURE OF MINERAL EXPLORATION AND DEVELOPMENT, INCLUDING THE RISKS OF OBTAINING NECESSARY LICENSES AND PERMITS AND THE PRESENCE OF LAWS AND REGULATIONS THAT MAY IMPOSE RESTRICTIONS ON MINING, INCLUDING THOSE CURRENTLY IN THE PROVINCE OF CHUBUT, ARGENTINA; DIMINISHING QUANTITIES OR GRADES OF MINERAL RESERVES AS PROPERTIES ARE MINED; GLOBAL FINANCIAL CONDITIONS; BUSINESS OPPORTUNITIES THAT MAY BE PRESENTED TO, OR PURSUED BY, PAN AMERICAN; PAN AMERICAN'S ABILITY TO COMPLETE AND SUCCESSFULLY INTEGRATE ACQUISITIONS AND TO MITIGATE OTHER BUSINESS COMBINATION RISKS; CHALLENGES TO, OR DIFFICULTY IN MAINTAINING, PAN AMERICAN'S TITLE TO PROPERTIES AND CONTINUED OWNERSHIP THEREOF; THE ACTUAL RESULTS OF CURRENT EXPLORATION ACTIVITIES, CONCLUSIONS OF ECONOMIC EVALUATIONS, AND CHANGES IN PROJECT PARAMETERS TO DEAL WITH UNANTICIPATED ECONOMIC OR OTHER FACTORS; INCREASED COMPETITION IN THE MINING INDUSTRY FOR PROPERTIES, EQUIPMENT, QUALIFIED PERSONNEL, AND THEIR COSTS; AND THOSE FACTORS IDENTIFIED UNDER THE CAPTION "RISKS RELATED TO PAN AMERICAN'S BUSINESS" IN PAN AMERICAN'S MOST RECENT FORM 40F AND ANNUAL INFORMATION FORM FILED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION AND CANADIAN PROVINCIAL SECURITIES REGULATORY AUTHORITIES. INVESTORS ARE CAUTIONED AGAINST ATTRIBUTING UNDUE CERTAINTY OR RELIANCE ON FORWARD-LOOKING STATEMENTS. ALTHOUGH PAN AMERICAN AND ORKO HAVE ATTEMPTED TO IDENTIFY IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY, THERE MAY BE OTHER FACTORS THAT CAUSE RESULTS NOT TO BE AS ANTICIPATED, ESTIMATED, DESCRIBED OR INTENDED. THE COMPANIES DO NOT INTEND, AND DO NOT ASSUME ANY OBLIGATION, TO UPDATE THESE FORWARD-LOOKING STATEMENTS OR INFORMATION TO REFLECT CHANGES IN ASSUMPTIONS OR CHANGES IN CIRCUMSTANCES OR ANY OTHER EVENTS AFFECTING SUCH STATEMENTS OR INFORMATION, OTHER THAN AS REQUIRED BY APPLICABLE LAW.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For more information, please contact

Pan American Silver Corp.
Kettina Cordero
Coordinator, Investor Relations
(604) 684-1175
info@panamericansilver.com
www.panamericansilver.com
or
Orko Silver Corp.
Gary Cope
President
(604) 684-4691
info@orkosilver.com
www.orkosilver.com

Click here to see all recent news from this company

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Marketclub - Orko Silver Corp. Trend Analysis (What's this?)

Is Gold Ready for its Next Move Up?

2009-12-15T17:46:00.000-08:00

Gold Spot Daily Chart

Chart is courtesy of marketclub.
Marketclub - Gold Spot Trend Analysis (What's this?)

Well, after doing my silver chart last night I also did the daily and weekly chart of gold but didn't get around at posting them. I now have a little bit more time so here it goes. The charts are from last night so gold was then still trading at $1124 and has as of this morning increased to around $1130.

So, the idea I had last night and earlier this week is only being confirmed. We are however still not in the clear. For that to happen I'd like gold to trade again above $1150. There could thus still be danger from breaking down.

But, looking at the chart, gold seems to have found support at the 50 MA around $1120. So that means the $1100 is hopefully slowly but steadily disappearing from our sights.

I've also drawn another support level at $1100 because of the action in mid November and the trend line which rests at that level now. So that means there is some additional support for gold here and that could thus explain why the 50 MA held and why gold is trading back up from here. Maybe more investors are seeing this as support?

From the chart you can see that the Average Directional Index has turned down since hitting our high of $1126.37 and the ADX went from over 40 to about 30 now which is still within acceptable boundaries for me. As you also can see, the +DI has now turned down and is now below the -DI. This means that the force of the down move (-DI) was stronger than the force of upward moves.

So, if I only was to look at the ADX indicator then this chart would be deemed negative...however looking at all other indicators makes me wonder if like silver, gold is not finding some support here, new momentum and a perhaps a fresh leg up from here?

MACD looks bearish and is turning down. However when I look at the histogram I see that one declining which also leads me to wonder whether this is looking to head back up?

RSI or Relative Strength Index tells me we are again in buy territory. Sure, we are not below 30 and thus not oversold but around 45 is plenty of room for gold.

Thus, to recap my daily, the same pretty much holds for gold as I indicated in my silver chart. In gold's case, we need to hold the $1100 and for silver we needed to hold the $17.00.

To me there are enough indications which could indicate that we should be looking up from here instead of further down. If gold however decides to move to $1100 and break the trend line then all bets are off and I will be forced to look at lower levels.

Gold Spot Weekly Chart

Chart is courtesy of marketclub.
Marketclub - Gold Spot Trend Analysis (What's this?)

On to the weekly then, this chart of course looks better than the dailyy cause the correction we had from the last couple of days just looks like a tiny blip on my weekly chart. Nothing to worry about anyway.

Weekly I'm still looking at my target of $1350.

The correction which started December the 2nd has brought us from $1226.7 down two trend lines and we are holding on the weekly 10 MA.

Weekly thus gold is still trading above all Moving Averages which is of course a good thing. Also, MACD tells me gold is still in an up trend as we are trading above the center line. There is a small correction noticeable in the blue line which is now turning down but that doesn't mean anything right now. Histogram has declined a bit which is a negative but looking back at the correction nothing to worry about and perfectly normal.

ADX on the weekly is clearly still bullish and the force of up moves is still far greater than the force of the down moves.

To summarize...YeOldGoldNugget is still looking at a bullish gold chart and combined with that some pretty exciting months bound to come.

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Will Silver Bounce Back Before Christmas?

2009-12-15T14:57:00.000-08:00

Silver Spot Daily Chart

Chart is courtesy of marketclub.
Marketclub - Silver Spot Trend Analysis (What's this?)

I'm looking at the daily chart here, December the 15th on our 349th day of the year with only 16 more to go before we take silver into 2010.

Now, looking at the daily chart, I must honestly confess, I've seen better. Yes, at December the 11th we've hit a new 3 week low of $16.91. Yes, we have been trading down from our high of $19.45 which was put on the boards at December the 2nd and have traded down from then. Yes, we are trading below our Moving Averages.

However, to me, that only shows that we could be very near a turning point which does not mean I'm indicating a bottom here. Don't get me wrong, what I'm saying is, the market could find a bottom here. Like me, others look at the same charts and find the same lines, resistances, supports, pivot points, 8 year cycles, 12 year cycles,... And to me, unless I fail at drawing computer generated straight lines in a...well...straight line...then the chart is telling me we could indeed be at such a point.

So, when I say, NO, I'm not indicating a bottom, I'm also saying, either we go up from here or we break the trend line. So, that still leaves us both options.

Which do I favor or rather think more likely to happen from here?

Well, personally and chart wise I'd say we very well could go up from here. So my guess is there will surely be many investors who will take the figuratively speaking plunge into a silver long investment. When some do, that will cause a ripple and more will follow. It is the way of the market.

I'm already hearing about March 2010 silver prices going as high as $22.00. So, already the market is looking at way higher prices than what we are now looking at.

So,...is a $22.00 silver price in March 2010 realistic?

Well, the answer to that question would be...PRETTY MUCH YEA!

Like gold, silver CAN, HAS and WILL again in the near future perform like it seems there is nothing holding it back. Just take a look at the beginning of September when gold started moving away from the $1000 level, silver was trading at September the 1st with a low of $14.62 moving all the way up to September the 17th to finish off with a high of $17.65. At that very same time gold had only made a high of $1024.

Now, I'm sure not all of my readers are math geniuses but I think you'd have to agree that getting from $14.62 to $17.65 is more of an increase than getting from $1000 to $1024? I think silver made about a 18% gain while gold had to settle for a mere 3% gain.

So, yes, I like the shiny gold, I admit! And yes, it is more precious but for my normal investments, like shares and the junior market I prefer the leverage I get in silver over gold.

It's just personal preference I suppose.

So, to continue with the chart and my motivation for my comments, well, you see, first and foremost if we break $17.00 from here...and with the emphasis on here...then I really don't know where this has to go, daily then. Only to say that from here on down and below $17.00 would be Christmas Silver Shopping Season.

MACD looks to be heading back up and the histogram already is showing signs of starting to decline back to zero and hopefully above the center line again. Now, it is too early to tell but it is on the chart so, the downward momentum has definitely decreased. Whether this holds I honestly don't know but the latest about the rising wholesale prices and the inflation fears will put an additional level of support under gold and silver?

To end my daily chart, plain and simple, there is more support to be found around these prices than there is resistance. Like electricity, silver will go the way of least resistance...that in my opinion is UPWARDS!

Silver Spot Weekly Chart

Chart is courtesy of marketclub.
Marketclub - Silver Spot Trend Analysis (What's this?)

On to the weekly then, well for one, there is the $16.00 support level which is a very nice thing to have. Since, earlier it was a resistance, now that we are steadily trading above that level it will act as support like it has in the past.

Why bring up the $16.00? Just to show that if silver does manage to break the trend line then $16.00 is the number I'm looking at to look for a bounce back up. Nothing wrong with being prepared either way,...is there?

For now, I will remain looking up and not down! We are still trading upwards and still in a clearly definable up trend. We are also still trading in our trend channel all be it that we are now at the bottom of our lower trend line.

Most important thing is, we are holding as you've seen daily and weekly.

So, not much more I can say here. We need to look for confirmation of this thing wanting to go higher from here. Silver could trade sideways for a bit longer before heading back up. Anything above $17.00 is still bullish, getting to far below $17.00 would be bearish and should put investors in alert mode.

So, to answer the question, will silver bounce back before Christmas? Well, it is already sorta doing that. Only thing left to do from here is get back to our earlier high of $19.45 and leave the under $19.00 zone behind us and in thus doing so creating a bottom and support at $19.00.

Lets take this one step at a time though, that means, daily, lets get back above $18.14 first and then look again.

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Will Gold Find Support at $1100?

2009-12-12T13:23:00.000-08:00

Gold Spot Daily Chart

Chart is courtesy of marketclub.
Marketclub - Gold Spot Trend Analysis (What's this?)

After hitting a high of $1226.37 on December the 2th, gold is now hovering around $1115 which is very near the area of where we could find some additional support. Early November from the 10th to the 14th we also held around these prices indicating possible support. Also if you quickly look on the weekly chart you will see that the 10 MA which is around that same level $1100 so varying indicators which could indicate that the $1100 could provide more support than earlier levels.

Looking at the Relative Strength Index shows me gold is getting near oversold. On the chart you will see that on the daily chart gold does not get that far below 30 before turning back up.

The Moving Average Convergence Divergence shows a serious correction! Very wide gap indeed. Lets see if the MACD-histogram declines from here. Sharp increases in the MACD-Histogram indicate that MACD is rising faster than the 9-day Exponential Moving Average and bullish momentum is strengthening. Sharp declines in the MACD-Histogram indicate that MACD is falling faster than its 9-day EMA and bearish momentum is increasing.

What we thus need to see is the MACD-Histogram cubes slowly decreasing in size and that blue line slowly bending over and crossing above the red line right on the center line. Oh, I'm day-dreaming again I see. Well, that's what I would like to see happen anyway.

Lets see what the $1100 will provide as support before we continue looking downwards, OK?

Gold Spot Fibonacci Retracement

Included is the daily chart with the Fibonacci Retracements. We are now sorta hovering around the 38.2 and 50% retracement. The 50.0% stands at around $1125 and is normally the level which traders look at and mostly expect a bounce from. If that breaks there is however still the 38.2% which stands at around that same $1100 level.

Gold Spot Weekly Chart

Chart is courtesy of marketclub.
Marketclub - Gold Spot Trend Analysis (What's this?)

On to the weekly then, well, I'm still looking at an extremely bullish chart, though one that is now undergoing a correction. How deep that correction will be all depends on the buyers and the sellers. I can scream and shout to all my hearts intent how I feel gold has consolidated enough and how we are again at a level where we could see additional buyers popping up and such and such....but we will have to let the market decide.

Like you already could read earlier, there is the support from the 10 MA at $1100, there also is the center trend line providing possible additional support. The 30 MA which I'm hoping and guessing we won't hit stands at $1000.

RSI has now left the overbought zone and gold is at least technically speaking, buy-able again.

MACD then, difficult to tell. Well, there is the blue line which is clearly turning down with a declining MACD-Histogram and with that a narrowing gap. Normally those are bearish but it is just too early to tell what will happen from here.

I think I just might keep on the sidelines for a little while longer. I have a feeling the market's desire is for this to hit $1100 level before deciding to hopefully bottom out here and continue our leg up.
Just keep a close eye on the dollar, looking back to Friday's action it would seem there are some very swift and speedy traders out there. Dollar up, gold down. Wham! Like clockwork, right at the very same moment.

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2 Developing Gold and Silver Stocks

2009-12-11T08:53:00.000-08:00

And a Look at the Life of a Gold Company

By Greg McCoach
Friday, December 11th, 2009

It's arguably one of the most profitable secrets to investing in gold stocks...

A pattern of rapid growth found repeated in the early lives of today's most successful gold companies can be the key to guaranteed gains.

And it all starts to become clear when you take a closer look at the...

Life of a Successful Gold Company

The early lives of successful gold stocks correspond to the three general stages of any growing natural resource company: Discovery, Development, and Production.

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Bear Market. . .

It doesn't matter!

No matter which way the market is heading, this is the only place to land

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In today's market, a new gold company will normally start off quite small when it first goes public. It will typically have a handful of unexplored gold prospects with a focus on one or two.

During this discovery stage, a gold company will conduct extensive field exploration on prospective mineral projects to identify and prove the existence of a significant gold resource.

If a gold company makes a sizable discovery on one of its properties, speculation can send share prices soaring by hundreds — or sometimes even thousands — of percent in short order.

But as the initial excitement is quieted, the stock tends to pull back and stabilizes as the company develops the discovery into a producing gold mine.

This development stage can be a long and difficult — and sometimes boring — process. But it can also one of the most profitable times to be an investor.

The best time to buy gold stocks has historically been in the mid- to late development stage. At this point, the exploration risk has been essentially eliminated, while upside potential is maximized from near-term production earnings and future growth.

A successful gold company will eventually achieve positive cash flow and use it to expand operations and increase production for continued future growth. This growth creates new earnings that continue to propel share prices sharply higher.

A great example of this model is GoldCorp (NYSE: GG, TSX: G). Take a look at shares of GoldCorp as the company made their first big gold discovery:

In 1994, GoldCorp acquired the Red Lake historic gold camp. After several months of exploration, the company reported a significant gold discovery from drilling nine holes that averaged 311 grams of gold per tonne across two meters. Investors quickly found themselves 250% wealthier when share prices breached $5.

But the initial excitement wore off; the stock pulled back below $2 as the company went into the long and difficult development stage.

After a few years of development, GoldCorp finally began production and share prices took off. The Red Lake Gold Mine has grown to now include two operating complexes: the Red Lake Complex and the Campbell Complex. Red Lake is Canada's largest gold mine and is expected to produce over 600,000 ounces of gold this year.

The company has expanded worldwide operations to now include 11 gold-producing assets that are expected to yield 2.4 million ounces this year. Today, GoldCorp is a $30 billion company with a $40 stock. Shares of the company have yielded a 1,900% since the company began producing gold from Red Lake.

The home run gains to be made from GoldCorp may be over. But there are many other public gold companies that can be expected to follow a similar model as they take their projects through discovery into production.

The three-stage model of the life of a gold stock also generally applies to all companies involved in natural resources, including other precious metals like silver. With that in mind, I'd like to very briefly tell you about...

Two Developing Gold and Silver Stocks

Both of these companies have already made significant discoveries, which rapidly lifted their share prices. Today, both firms are working to develop their projects into economically feasible assets. Take a look:

Pediment Gold (TSX: PEZ)

Pediment Gold began drilling exploration of its 100%-owned San Antonio gold project in late 2006. Six months later, the company made a significant gold discovery when it drilled 32.93 meters grading 1.23 g/t gold and 25.1 meters grading 1.09 g/t gold. The subsequent drilling of over 200 more holes (totaling over 40,000 meters in depth), gave Pediment enough data to delineate a 1.5 million ounce gold resource.

Share prices increased as much as 600% from $0.50 to $3.50 between the time of original discovery and resource estimate. After that, share prices tapered off as the buzz from the big San Antonio gold find faded.

Pediment is currently developing the project and has recently reached a new 30-year agreement with the local government (called the Ejido) that allows Pediment to continue to freely explore the property and propose development and operation a future San Antonio gold mine.

Orko Silver (TSX-V: OK)

In March 2005, Orko Silver began drilling exploration on its La Preciosa silver project. A few months later, the company made a significant silver discovery when it drilled into high-grade silver grading 200 to 300 grams per tonne. After three years of extensive exploration, the company reached its goal of 100 million ounces of silver resources in March 2008.

Early investors walked away with a 700% as share prices increased $0.25 to $2.00 before falling.

In April, Orko and Pan American Silver (NASDAQ: PAAS) announced that the two companies would create a joint venture to develop the La Preciosa project. The companies are currently working together to upgrade the category of the current silver resources. This is a necessary step in completely a feasibility study to prove an economic resource.

Conclusion

My colleague, Luke Burgess, is investing in gold and silver stocks in the same way. He recently recommend a small American silver company that just started production and is expected to ramp up output by nearly 20,000% over the next 12 months.

But he's not the only one. Many of my gold and silver analyst peers are quickly moving into mid- to late development stage stocks. This is typically the period when financial institutions and major investors will begin buying a gold stock. It's when the loose money rolls out and the more steady-handed investors establish positions and volatility is decreased in share prices.

In the mid-1990s, GoldCorp proved its ability to take the Red Lake gold project all the way through the development stage into production. Early investors have been rewarded with gains of almost 2,000% since that time.

Today, companies like Pediment Gold and Orko Silver are vying to prove their ability as well. As investors, we can leverage the development of gold and silver projects by owning shares of the companies that have advanced-stage development projects.

Good Investing,

Greg McCoach
Editor, Wealth Daily
Investment Director,
The Mining Speculator
Greg McCoach's Insider Alert

YeOldGoldNugget's links of interest

Trend Analysis
Get the most recent Trend Analysis on Pediment Gold Corp. by following this link :
Marketclub - Pediment Gold Corp. Trend Analysis (What's this?)

Get the most recent Trend Analysis on Orko Silver Corp. by following this link :
Marketclub - Orko Silver Corp. Trend Analysis (What's this?)

Orko Silver Chart December 08, 2009

2009-12-08T11:35:00.000-08:00

Orko Silver Daily Chart

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis (What's this?)

Last time I did another article, Orko Silver was still on its breakout to its new recent high of 1.25. Since 1.20 was my initial target I'll settle for 1.25. From the MACD you could already see the divergence decreasing these last days and on the 7th of December Orko opened at 1.13 which was below the 10 Moving Average.

Not all that strange considering current events, gold and silver correcting, the dollar experiencing a little Frankenstein moment which will have its effect on the stock market. But not withstanding those events, Orko Silver has kept a steady pace finding support at the 61.8% Fibonacci Retracement.

Short term I see a bearish MACD crossover on the chart. It will remain to be seen whether we will go sideways from here or whether we break the support we seem to have around 1.14? That all depends on how far a correction we will get in gold and silver I suppose.

Till now Orko has kept up quite well if not beyond expectation!

Only one reason for that my opinion then...lots of backing and lots of support for Orko Silver from the market. Whether amongst investors or amongst fund managers. Orko Silver is not easily cast away like some other stocks. With this I mean, if push comes to shove and certain funds need to be freed, Orko Silver will probably come last on that list rather than first.

What also leads me to this rather bold statement? Well,..

Because I am the writer and that is what I do, to boldly go where no man has gone before
VOLUME
Management

The first one I think needs no explanation, the second one, well, just look right and then look left, nuff said about that and last but not least, management...well, you gotta hand it too them, they got the goods and they WILL deliver. My 2 goldnuggets.

Support from the 30 MA at 1.06, the 50 MA at 1.01...trust me, we DO NOT need to look further down ;-)
(there's also the Fibonacci lines to look at for support)

Orko Silver Weekly Chart

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis (What's this?)

Weekly! Anyone see that darn wizard Merlin running around on these charts? Hm? Oh well, magical nonetheless.

As you can see from the chart, it has not been that long since Orko Silver was trading above the center line again on the MACD chart...meaning UP TREND.
So, since September we again have after a long and for most holders a tedious time, Orko Silver is back on its up trend.

The resistance at $1.00 is behind us and will from now on hopefully go through life with a new name,...namely...support! For my spiritually minded readers, Orko Silver broke the resistance, the resistance however was not counting on a speeding 1,000,000 pounds Silver train and sadly passed away only to reincarnate thereafter into support.

It is a cycle like any other.

So, next target I'm looking at is definitely the 1.40. This will probably not be broken in one try. When we get to that time frame this will show on the chart and when we cross that bridge I will long have posted another chart.

So, long term outlook still very good.

YeOldGoldNugget's links of interest

The Good, The Bad and The Ugly

2009-12-04T10:22:00.000-08:00

Let me start off this article by introducing to you, Clint Eastwood as Blondie. The Good, a.k.a. the Man with No Name, a subdued, cocksure bounty hunter who competes with Tuco (The Ugly) and Angel Eyes (The Bad) to find the buried gold.

Blondie and Tuco have an ambivalent partnership. Tuco knows the name of the cemetery where the gold is hidden, but Blondie knows the name of the grave where it is buried, forcing them to work together to find the treasure. In spite of this greedy quest, Blondie's pity for the dying soldiers in the chaotic carnage of the War is evident. "I've never seen so many men wasted so badly," he laments.

Coincidentally in my story to drive the point home, Blondie aka The Good is represented by the HUI Index and the Gold Spot charts while Tuco aka The Ugly is represented by the Dollar. Blondie and Gold...that can't be a coincidence. Gold vs The Dollar. Anyway, beneath each chart I will try to explain why I believe the chart belongs in either The Good, The Bad 'or' The Ugly.

The Good

HUI Index Daily Chart

Chart is courtesy of marketclub.
Marketclub - HUI Index Trend Analysis (What's this?)

Gold Spot Daily Chart

Chart is courtesy of marketclub.
Marketclub - Gold Spot Trend Analysis (What's this?)

Why classified under The Good? Just take a look at the HUI Index chart, take a look at the steady rise never failing to break from beyond its original trend channel from where it started early on in January 2009. Not only that, this week we came $2 dollars short of reaching the all time high. I'd say that qualifies as strong performance. The failing to break the all time high is like I said, just that, stocks don't have to break all time highs in one straight move. Maybe one, two or three attempts.

At least that index managed to get back to earlier highs.

Now on to gold...do the terms 'historic gains' mean anything? I don't really mind the little bumps or a possible correction, what must be done must be done. Like with the HUI, this will just be a correction, not the start of golds downward march to 984.

The Bad

S&P Daily Chart

Chart is courtesy of marketclub.
Marketclub - S&P Index Trend Analysis  (What's this?)

Nasdaq Daily Chart

Chart is courtesy of marketclub.
Marketclub - Nasdaq Trend Analysis  (What's this?)

Dow Jones Daily Chart

Chart is courtesy of marketclub.
Marketclub - Dow Jones Index Trend Analysis  (What's this?)

So, The Bad! What do these charts have in common? They all to me at least, show choppy performance, failing to reach earlier highs is one. Second is, they are all showing signs of a market in disarray. A market in doubt. Will it go higher or will it go down? A market that is tiptoeing along...every leaf, twig or little pebble will set off the noise and release the evil bloodhounds...leaving everybody running for the exits...so to speak.

Methinks, the debt package and stimulus money is running out...nothing like an inflated job report to try to stave off any possible drop. However, there is more needed than an inflated job report to continue this path.

I'm not convinced. I'd be careful, that's all. The Dow Jones even has a rising wedge in there which if confirmed does not bode well.

The Ugly

US Dollar Daily Chart

Chart is courtesy of marketclub.
Marketclub - US Dollar Trend Analysis (What's this?)

On to the almighty Dollar, the greenback, the world-currency, the safe-haven,...at least, that is what it once was known as.

Almighty? NOT compared to what I can see from other currencies!
Greenback? Last time I checked they were still green.
World-currency? NOT for long!
Safe-Haven? NOT what I can see from gold's chart.

Summary

Now, I'm not per definition saying the markets are going down but I'm just stating and showing you what is on the charts. If they break those resistances then fine, none the wiser and we move on. However, if there does seem to be a reversal going on, then people and investors will, like they did before, take the money off the table. Will that money then go to the dollar or the treasuries...or will that money flow into gold, silver and the commodities?

We all know who came out on top in the movie,...don't we?

YeOldGoldNugget's links of interest

Gold Spot Daily Chart December 04, 2009

2009-12-04T08:33:00.000-08:00

Gold Spot Daily Chart

Chart is courtesy of marketclub.
Marketclub - Gold Spot Trend Analysis (What's this?)

A quick daily chart to see where we are. All the necessary supports are on the chart.
As you see we still have the 30 MA at 1139.78, the trend lines could provide support and then there still are the Fibonacci retracements.

Gold's Relentless March Continues!

2009-12-02T14:00:00.000-08:00

Gold Spot Daily Chart

Chart is courtesy of marketclub.
Marketclub - Gold Spot Trend Analysis (What's this?)

Since I did my last chart I've been doing some minor adjustments to my trend lines. Only minor ones as you'll see. Just compare the two daily charts for a moment.

Only difference is, the trend lines now align perfectly and every other one is 50 points away from the next one. I don't know whether this is a coincidence to have them lining up so perfectly but there are too many points to highlight on the chart which sorta rules out coincidence...at least to me.

For instance...the bottom trend line started November/ December 2008 at around 750 (low to be exactly 756,20 at December 07, 2008). Were we to follow that trend line until now we would indeed with the combined normal trading action have hit the 1000 mark around September / October 2009.
Also from the chart you will see the upper trend line being hit in February 2008, on February the 20th to be precise. If I use that high and draw a new trend line parallel with my other trend line and also at exactly 50 points from the lower one (the 4th), take a look where gold took a breather from a couple days ago!

On November the 24th I posted an alert on my stock-house blog to let my readers know that a possible dip was coming. You can now see why!

Sure, it could break the upper trend line straight away but always better to take some profits off the table. That way you have some funds available to buy stocks on the low if it does turn down.

On with the chart, you'll see that from the beginning of November gold has broken through several trend lines, three to be precise. Now, if you know that each channel represents 50 points than that gives you 3 x 50 which equals 150 points increase already since the beginning of November when we were still trading at 1050.

So, starting from 1050 in early November, 3 channels up gives us 1200. Now from the chart you'll clearly see that it broke short of the 1200 and after hitting 1195 started trading down. It was a quick pullback which coincided with the Dubai debt issue seemed like a very violent correction as it went down and hit a low of 1136, a little bit under the lower trend line. Gold was quickly brought back up again and together with the 10 MA as support was quickly making its way to the upper most trend line again and has since yesterday clearly broken it.

Trading now around $1215, so definitely above the upper trend line which sorta leaves me wondering where this is going to end? In my last article I indicated getting to 1200 would be no problem. From the looks of things I'd say no problem indeed!

So now what?

Well, from the chart you'll see already on the daily we are a whopping $232 away from the Moving Average 200 ;-)
Don't know if this is a record or not since my charts only go back for 10 years but from what I can see on the daily in those 10 years....IT IS!!!

Does that mean I'm now looking downwards for gold? HECK NO!

No time to be betting against gold right now, no matter what RSI or MA tells you. At least, that's what I think. If mean, if you see gold moving up channel after channel, gaining 50 points in a couple of days and another 100 points over the course of less than a month with no signs of even looking back to the carnage it is wreaking havoc upon amongst those who are short.

Golden HAVOC!

So, does the daily chart please YeOldGoldNugget? A WHOLEHEARTEDLY YES! It is the relentless action of gold, the maybe historic gains gold is making now. Not simple factors to ignore, my 2 gold nuggets.

Gold Spot Weekly Chart

Chart is courtesy of marketclub.
Marketclub - Gold Spot Trend Analysis (What's this?)

Weekly is where gold does its magic! Is it magical? Well, can't you see the magic going on in the weekly chart? I sure can!

Again, mind you, I can only look back 10 years in market club and from what I can see gold has never seen such strong performance like it has these last two months. Absolutely amazing to say the least!

From the chart you can see we are still or could still be completing our head and shoulders pattern which we broke out off from the beginning of October 2009, That alone gives us a long term price indication of about 1300 to 1350.

Looking at the MACD,...if ever someone needed to write a book and describe one of the most bullish of MACD's then surely gold's MACD or something similar would be shown. Blue line above red line, wide gap ever increasing, steady increase is also shown in the gray divergence cubes which increase steadily over time. That is just what one needs to see and will always see when a stock or index is undergoing a strong uptrend.

I've added another indicator, the Average Directional Index, this can determine trend strength regardless of the market direction. This non-directional oscillator is based on a range of 1 to 100 (although movements over 60 are rare). If the line is under the 20 mark, the trend is considered to be weak. If the line is above the 40 mark, the trend is considered to be strong. The ADX line is built on the results of two separate technical indicators, the +DI (force of up-moves) and the –DI (force of the down-moves). The default for this study is 14 periods which takes into the consideration the measurements of the +DI and –DI for the last 14 periods.

Knowing that and looking at gold's ADX chart you can clearly see the +DI above the ADX which indicates a trend upwards. ADX is also looking to go higher.

If gold keeps up its relentless action which it, looking at the weekly chart, is bound to do then by February 2010 we might already be looking at 1300 or more.

Stranger things have happened.

I think we have a clear winner here! Gold...and silver...bound to astonish most and catch many off-guard and with their pants down.

To finish my article I'll give a couple supports daily and weekly.

On the daily we have support from either the 10 MA at 1184, the 30 MA at 1129. I'm disregarding the 200 MA (984) for obvious reasons. Of course, there are also the trend lines to look for to offer support, 1200, 1150, 1100,...

On the weekly we have support (and also from the trend lines) from either the 10 MA at 1096, the 30 MA at 1002. I'm disregarding the 200 MA (788) for obvious reasons.

YeOldGoldNugget's links of interest

MEXIVADA Expands Goldstorm Property. IP Survey Discovers New Gold Targets

2009-12-02T08:14:00.000-08:00

TSX-V: MNV
OTC: MXVDF
Frankfurt: M2Q
Marketclub - Mexivada Mining Corp. Trend Analysis (What's this?)
News release on Mexivada website.

VANCOUVER, Dec. 2 / PRNewswire-FirstCall / - Mexivada has executed an addendum agreement to its Goldstorm property lease in Nevada with NFC Cattle Company, to include an additional 320 acres of prospective private land along the east extension of Mexivada's "Horst" Carlin-style gold target area, at a one-time cost of US$5000. We believe that this 7 kilometre ("Km") long Horst target, which has never been tested by drilling, could hold a multi-million ounce Carlin-Style gold deposit at depths as shallow as 200 metres from the surface. Goldstorm also holds potential for the discovery of somewhat deeper Midas-style gold deposits from at least 3 targets at Goldstorm. The property comprises 4,080 acres located 18 kilometres ("Km") northeast of Newmont's giant, +20,000,000 oz. Twin Creeks gold mine and 18 Km northwest of its +3,000,000 ounce Midas gold-silver mine.

An 8-line, dipole-dipole induced polarization ("IP") survey has been completed atop the Horst target area and interpreted by Wright Geophysics, discovering :

2 'outstanding targets' and 'numerous other targets exist along the various zones'.

This IP survey validated the Horst structural model, interpreted to show an uplifted block of Paleozoic rocks along the Horst, with peripheral fault-like contacts that could have been feeders for both Midas- and Carlin-style gold mineralization, at depths of 200 to 300 metres below the surface. Mexivada's contractors also completed a soil survey both along and across these fault-like contacts to define feeder zones of gold mineralization, and we are awaiting the assay and geochem results from this work. Maps and sections of the Goldstorm project work may be viewed at www.mexivada.com.

The Company's President and CEO, Richard R. Redfern, M.Sc. and Certified Professional Geologist, a 'qualified person' for the purposes on National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified the information and evaluated the interpretations contained in this news release.

About Mexivada Mining Corp.
----------------------------------

Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, mining, and joint venturing high-grade Gold-Silver, Tellurium, Diamond, and Rare Metal exploration projects in Mexico, Nevada, and Africa. Mexivada is managed by experienced and successful board members and advisors. For further information, including area maps, sections, and photos, please visit our web site at www.mexivada.com or contact us by e-mail at info@mexivada.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"RICHARD R. REDFERN"

Richard R. Redfern
President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Caution Concerning Forward-Looking Statements

This news release and related texts and images on Mexivada's website contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of mineralization potential, drilling and assay results, future exploration work, and the anticipated results of this work. Forward looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metals and diamond prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the company's projects; uncertainties involved in the interpretation of sampling and drilling results and other tests; the possibility that required permits and access agreements may not be obtained in a timely manner; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in these work programs.

Forward-looking statements contained in this release are based on the beliefs, estimates, and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. Mexivada Mining Corp. undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors, should change.

SOURCE Mexivada Mining Corp.

Five Myths of the Gold Market Exposed

2009-11-29T14:45:00.000-08:00

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Gold pulled back again after a huge surge in early 2008. Now it's trading more than 10% below the all-time record it set versus the US Dollar above $1,000 an ounce. It's slipped back against the Euro and Pound Sterling, too.

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YeOldGoldNugget's links of interest

Trend Analysis
Get the most recent Trend Analysis on Gold Spot by following this link :
Marketclub - Gold Spot Trend Analysis (What's this?)

Silver Could Be on One Heck of a Ride!

2009-11-27T15:25:00.000-08:00

Silver Spot Daily Chart

Chart is courtesy of marketclub.
Marketclub - Silver Spot Trend Analysis (What's this?)

Couple of highlights, well,...a lot of highlights on this chart actually. The most important ones on this chart however would be the divergences. Take a look at the chart and in particular last year August 2008. You'll see the red line I've placed there following the lower lows silver is making. This line is thus sloping downward.

Tilt your eyes a bit down and look at the other red line below the MACD. That line is making higher lows. So, there is a divergence because the MACD is advancing upwards before the stock is doing so. The stock at that moment is still trading downwards. Taking a clearer look at the MACD you'll see it was making higher lows so there was a positive divergence emerging.

As the naming implies, positive,...meaning a bullish signal. A divergence is also a clearer and more reliable signal then a simple MACD crossover. Even then, there are also different levels and strengths of signals, for instance, a crossover on the center line is a stronger signal than a crossover in the lower or upper zone while a divergence beats any crossover as to signals.

Now, move your eyes to the right to last September, notice the red line making higher highs? Now look down and take a look at the MACD. That one is making lower highs. So we have a divergence again. This time the MACD is down trending while the stock is still making higher highs. This is what is called a negative divergence and thus a bearish signal.

October 19th is when I would have gotten out when I would have been long. Taking some profits off the table and waiting for confirmation of the signal. This case, the divergence did in fact turn out to be a bearish signal as the stock made a clear break downwards from October the 25th.

So, look for those to aid, not to guide!

I've also drawn a resistance line across the chart at 18.00 which coincides with earlier points of support and resistance. Now, it is a resistance but one which soon will be broken and with great ease.

For now, I'm looking at a retest of either the 10 Moving Average or the bottom of the trend line which would be anywhere around the 17.00 level.

Do not however expect too much downward pressure on silver or gold as that will not happen. Up is still the trend. Short term thus maybe a little bit down but when we've taken our little breather I expect us to be trading back to where we left of sooner rather than later.

Silver Spot Weekly Chart

Chart is courtesy of marketclub.
Marketclub - Silver Spot Trend Analysis (What's this?)

Weekly is as usual where the magic happens! Silver's chart is no different here cause looking at this one is just like reliving October the 5th all over again. We are already trading above 18.00 and we are looking for a definite break above 18.00 on the weekly chart. Could silver finally be on the brink of making some of the same steady gains gold has made comparatively?

With that I mean, gold has since last year October 2008 not only reached its all time high, it has completely smashed it to smithereens! Silver has yet to hit that all time high but could be on the verge of doing the same. Don't know what will happen but the chart is telling me silver has some catching up to do and chart wise things are really lining up for a possible major increase or case of playing catch up.

You can also see the upper trend line going up from October 2008 and after breaking that trend line in June 2009 and going further down we've made our new lower trend line which has held from July on.

What I'm looking at is adding an even higher trend line to the chart which should tell you I'm already looking at a silver price of 21.00. When silver breaks the upper trend line and thus breaks the 19.00 then getting to 21.00 is like talking a walk in the park.

MACD is trending up but the gap is not getting wider. Not yet anyway...that will come...only a matter of time. Just need to drop a little before taking out 19.00 and heading for higher highs.

Looking at both charts I'm extremely bullish on not only most silver juniors but as an investor in Orko Silver, of course also very bullish on the markets reaction towards Orko Silver when the spot price of silver is looking to break 19.00 and more to come in the weeks ahead.

Now, I have no crystal ball but I do try to recognize turning points and have on occasion spotted them in the past so maybe just need to go with the flow.

Last thing, don't get scared riding gold or silver's wave. To those who've followed today's action in gold will know that any down attempts are quickly brought back up again. Like clockwork. Too much basis and fundamentals for gold not to go higher. My 2 gold-nuggets then.

YeOldGoldNugget's links of interest

YeOldGoldNugget's Blog Spot

TradersBonanza Up and Running!

The 2009 Small Silver Sweepstakes (Incakola News)

Best Wishes and on to a Bright New Year!

The Dollar's Demise and Gold's Resurrection

The Dollar Consolidates while the Markets recover.

Oremex Resources Inc. : A Pure Silver Play Indeed.

A Monday Morning Musing from Mickey the Mercenary Geologist.

US Dollar Extends Gains

The Dollar Increases on the Euro's Decline.

Orko Silver's Strong Performance

Orko Silver still going strong.

Mexivada Options Goldstorm Nevada Gold Project to West Kirkland Mining Inc.

A Closer Look at Orex Minerals

Orex Minerals in the Spotlight.

Highlights.

Gold Heading to $1050?

Industrial Gold Demand?

Can Gold Destroy the Platinum Market?

Orko Silver Chart December 18, 2009

Orko Silver Marches Onwards.

Gold Investment Made Easy

How the Professional Gold Market Works

A Break-Through for Private Investors

The Safest Way to Own Real Gold Bullion

Start Today with This Free Gram in Zurich

Free Email Trading Course

Mexivada Samples High Grade Gold-Silver-Tellurium Zone at Gold Jackpot Property, Nevada

About Mexivada Mining Corp.

Orko Silver - Metallurgical Testing Yields 91% Average Silver Recovery

Pan American Silver and Orko Silver Announce Positive Test Results at the La Preciosa Project

Metallurgical Testing Yields 91% Average Silver Recovery

Is Gold Ready for its Next Move Up?

Will Silver Bounce Back Before Christmas?

Will Gold Find Support at $1100?

2 Developing Gold and Silver Stocks

And a Look at the Life of a Gold Company

Orko Silver Chart December 08, 2009

The Good, The Bad and The Ugly

The Good

The Bad

The Ugly

Summary

Gold Spot Daily Chart December 04, 2009

Gold's Relentless March Continues!

MEXIVADA Expands Goldstorm Property. IP Survey Discovers New Gold Targets

About Mexivada Mining Corp.----------------------------------

Five Myths of the Gold Market Exposed

LOOKING to buy gold today?

Silver Could Be on One Heck of a Ride!

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