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Posts Tagged ‘gold’
Five Year Total Return of Major Financial Assets
Posted by
at 8:53 PM on Tuesday, February 28th, 2012
$TSXV Week in Review
Posted by
at 5:52 PM on Sunday, February 26th, 2012
The $TSXV had another strong week. I was definitely looking for a correction, but that has yet to materialize – we may just rock ‘n’ roll into PDAC. I remain confident that the good issuers will prevail and the cream will rise in addition to certain hot sectors like Graphite and precious metals that will bring volume in. I am also keeping a close eye on Uranium and some interesting biotech issues.
There are a few points that I noticed this week that stood out:
- Market Internals: Long side momentum players and the “Jitney Magic Men”(broker code 99 that takes out those key levels in the blink of an eye) are all over issues with good news and price levels to be taken out.
- Risk Appetite: There is a sense that the worst is behind us and money is flowing into the speculative issues. There is money available to fiance projects of merit. Retail can follow this via http://canadianfinancing.com/
- The CRB Index: The CRB index is crossing it’s 200EMA and is trending very nicely.
Here is where the $STXV stands going into Monday morning:
I’d like to see some larger trading ranges and divergence added to the MACD but I will take the levitation. I want to see that ADX continue to rise and would love to see more volume in this market.
By the way has anyone else been hearing about Zinc? Is it just me or it starting to make noise again?
$TSXV Week in Review
Posted by
at 9:53 PM on Saturday, February 18th, 2012
I though we were going to see  sell off into the end of the week as per my risk off post, but it looks like the equity markets are going to push higher and the $TSXV is going to challenge that 1,673 high – caveat: beware of a double top here and that November high. That being said, I remain relatively hesitant to take new speculative long positions but will re-enter into names I know, those that I believe offer a good value proposition. The overall volume on the $TSXV is in decline but we did start this rally on less. Again, ultimately I think 2012 will be a great year, but I would like to see a correction from the  post Xmas rally we have been seeing.
Here is where the $TSXV stands on the daily:
Here is the weekly view…. We need more volume flowing into this market to keep marching forward but this looks very promising for the rest of the year.
La Mancha Q1 Profits Surge as Australian Mine Turns Cash Flow Positive
Posted by
at 10:22 AM on Friday, May 8th, 2009
I’m very proud to announce the following Q1 2009 financial results from AGORACOM client, La Mancha whose profits surged as their Australian Mine turned cash flow positive.
Highlights from the press release include:
Key Points:
- Cash flow from operating activities of $11.0 million
- Revenues of $24.7 million
- Net earnings of $3.5 million
- Cash and short term investments of $20.1 million
- 18,515 ounces of gold produced at an average cash cost of US $451 per ounce
- Trading at 1.5x cash flow multiple, there considered to be significantly undervalued
La Mancha IR Hub
La Mancha Profile