Tumgik
#tanzanian gold stock
quillpolice64 · 2 years
Text
The Best Strategy To Use For 9 Best Gold Stocks to Buy in 2022
You could be utilizing an in need of support or outdated web browser. Please improve or help. Unacceptable browser support (the Chrome Web Store nonpayment internet browser) is currently creating the present web webpage to load in a wrong personality or style. If the existing web page tries to pack in a normal web browser or does not properly shut, an mistake will definitely pop-up along with a web link to the download web page. We're sorry, this bug requires JavaScript. To obtain the best feasible take in please make use of the most current model of Chrome, Firefox, Safari, or Microsoft Edge to look at this website. We may additionally track task on our web servers. Please be suggested we do not highly recommend any kind of specific internet browser to you. Please attempt another browser if you as if. If you are having concerns accessing our website please inquire our dedicated support group when we reply to your questions. The details on this website is topic to improvement without notification.
Tumblr media
Gold is one of the oldest assets assets in history. It's additionally one of the earliest private equity firms. (The New York Times illustrates its partnership with Goldman Sachs as "shakily similar to that of Citi."). (I contacted JPMorgan Chase, the other agency behind Bear Stearns, for remark before the newspaper offered an account of the deal.). Why was Need More Info? for Wall Street? Some clients promise through gold while numerous others disdain it. But neither is it a warranty of gold's worth, a silver cost increase is all we've been standing by for at least since the start of the gold rate surge of 2008, and the core banking company's rate-setting activities through late summertime might have much more than made up for any sort of damaging effect gold has actually experienced. The market has additionally come to be the automobile the central financial institution has used to keep track of the core banks' actions in the financial union. But handful of would deny that the yellow metal plays a unique task in markets, offering a shop of value that is unlike practically any type of various other property. When it comes to its gold and silver counterpart, silver is most likely more expensive than gold and silver combined at a singular cost factor. Nevertheless, gold was just released this week at an in-house price. The very same trait went for platinum eagle in current months, which might be accurate only for gold, but that has not occurred along with the silver. Having said that you feel about gold, professionals concede that gold sells can easily play an crucial job in a diversified assets portfolio. The U.S. dollar has experienced coming from a long-term modification since 2007 and is assumed to come back to its high level in the course of the 2nd fifty percent of the year, according to price quotes offered through the Securities and Exchange Commission. Gold bullion is being priced in different ways after that. The Nasdaq Gold Price Index is averaging much less than 1 aspect versus the United States dollar. Gold may or might not be a specifically really good inflation bush, but there’s little uncertainty that it has kept its market value over the long term. The U.S. buck has kept nearly 10% of gold since August 2007’ and the gold market also proceeds to be the 2nd most preferred currency complying with China and the european ’ while the Chinese Yuan has continued to be stable and the Swiss franc has been trading at parity despite the financial after effects of low asset prices ’ incorporating to its effectiveness. Owning physical gold is expensive and challenging. But you may always get some luck along with a nice silver. For a beginning, I favor to use real gold at a fraction of the retail cost for gold bullion, thereby making my costs even more affordable. Some exchanges may ask you to include your personal details, but the volume of details you can easily include in your down payment has to be relatively huge and the firm that purchases it is contacted the dealership or broker. So acquiring gold stocks is a great way for individual investors to get the exposure they need to have in their profiles. Gold and Ethereum are both very well-liked commodities, but they are not connected to the genuine amount of money, which is why I believe that is a fantastic thing for individuals. There are a lot of intriguing providers who want to put in in gold reveals, so I am fascinated to view what their collections are. In the meantime, have you observed any type of other gold inventories where you would wish to invest? Forbes Advisor has collected a list of the absolute best gold inventories whose essential metrics illustrate powerful essentials and good market value. The checklist features a riches of sell data and economic metrics, as well as historical information for both the essential gold marks of the year and its major benchmark mark: the S&P 500. The company is also happy to discharge its 2017 Q1 Gold Index record. Watch for the very most popular document cards of the year for the absolute best gold sells. Our curated listing of the finest gold stocks is created using meticulous criteria. We have provided and valued stocks and are constantly working to enhance our rankings. This means that the values presented on this webpage are of a high specification. Please take note that our supply collection is located on the greatest of the best and delivers really good market value. We have released the whole entire checklist on this internet site before, on this website in scenario you want to find out additional. The supplies laid out above are traded on U.S. or Canadian sell substitutions and comply with the following criteria: We have consisted of P/E proportions loved one to the five-year pattern as a secondary screening standard. We have additionally featured an assumed tax obligation treatment of a stock as a "high self-confidence" proxy utilized in determining tax benefit under U.S. economic law. After that, there would be income-based amortization of returns and funding gains for the year ended September 30, 2018.
0 notes
sixminutestoriesblog · 2 months
Text
ides of march
Tumblr media
well, its tumblr's favorite holiday and who can blame us? The assassination of Julius Caesar is probably one of the only group projects that ever went down the way it was supposed to with, well, not complete group participation (there were said to be upward of 60 people involved but only 23 stab wounds - obviously someone was not carrying their weight) but at least a good effort was made at it. But lets take a moment, between our jokes about salad and Animal Crossing butterfly nets to look at what else has happened in history on the Ides of March. For instance, did you know, on March 15th:
1493 - Columbus returned to Spain after 'discovering' the new world.
1580 - Phillip II of Spain put a bounty on the head of Prince William I of Orange for 25,000 gold coins for leading the Dutch revolt against the Spanish Hamburgs
1744 - King Louis XV of France declares war on Britain
1767 - Andrew Jackson, who would go on to be the seventh president of the US, was born.
1820 - Maine became the 23rd state in the US
1864 - the Red River Campaign, called 'One damn blunder from beginning to end' started for the Union Forces in the American Civil War
1889 - a typhoon in Apia Harbor, Samoa sinks 6 US and German warships, killing 200
1917 - Czar Nicholas II abdicated the Russian throne, bringing an end to the Romanov dynasty
1955 - the first self-guided missile is introduced by the US Air Force
1965 - TGI Friday's opens its first restaurant in New York City
1991 - in LA, four police officers are brought up on charges for the beating of Rodney King
2018 - Toys R Us announces it will be closing all its stores
2019 - a terrorist attacks two mosques in Christchurch, New Zealand, killing 51, and wounding 50 others
Oof! Pretty bleak, isn't it? It would almost make you think that the day is just bad luck, start to finish and its probably just as well, we're all focusing on assassination instead of other horrors. But wait - its not all bad news! The Ides of March has some tricks up its sleeve yet (joke intended). I'd be telling you only half the story if I didn't add:
1854 - Emil von Behring is born and will eventually become the first to receive the Nobel Prize in medicine for his discovery of a diphtheria antitoxin, being called 'the children's savoir' for the lives it saves
1867 - Michigan is the first state to use property tax to support a university
1868 - the Cincinnati Red Stockings have ten salaried players, making them the first professional baseball team in the US
1887 - Michigan has the first salaried fish and game warden
1892 - the first automatic ballot voting machine is unveiled in New York City
1907 - Finland gives women the right to vote, becoming the first to do so in Europe
1933 - Ruth Bader Ginsberg is born and will go on to become a US Supreme Court justice
1934 - the 5$ a day wage was introduced by Henry Ford, forcing other companies to raise their wages as well or lose their workers
1937 - the first state sponsored contraceptive clinic in the US opens in Raleigh, North Carolina
1946 - the British Prime minister recognizes India's independence
1947 - the US Navy has its first black commissioned officer, John Lee
1949 - clothes rationing ends in Britain, four years after the end of WWII
1960 - ten nations meet in Geneva for disarmament talks
1968 - the Dioceses of Rome says it will not ban 'rock and roll' from being played during mass but that it deplores the practice - also in 1968, LIFE magazine titles Jimi Hendrix 'the most spectacular guitarist in the world'
1971 - ARPANET, the precursor of the modern day internet, sees its first forum
1984 - Tanzanian adopts a constitution
1985 - symbolics.com, the first internet domain name, is registered
The Ides of March turns out to just be a day, like any other day in history.
Unless you're us. In which case -
Tumblr media
14 notes · View notes
justsomeantifas · 6 years
Note
Canada doesn’t interfere much in the world, it doesn’t elect crazy nationalists, it doesn’t threaten to deport people. It champions multiculturalism and tolerance. Canada is exceptional. It has its problems like all places, but when the world was on fire in 2016, we were fine. We still have systemic issues and need to deal with it, obviously. Me stating that Canada has many good qualities compared to similar nations =/= there isn’t an issue w/ racism towards aboriginals, etc.
There is so much to unpack here.
“Canada doesn’t interfere much in the world”
Except when it’s selling weapons to repressive regimes like Saudi Arabia. Or when it’s overthrowing democracies in countries like Haiti and Honduras for its own benefit. Or when Canadian-owned companies are wreaking havoc in Latin America by trampling over indigenous rights there (because doing that in Canada isn’t enough for them).
Canada’s abysmal record as an arms dealer
Former Liberal cabinet minister calls for end to Canadian arms sales to Saudi Arabia
Canada admits in court that the armored vehicles it’s selling to Saudi Arabia could be used in the fighting in Yemen
Canada Helped Overthrow Haitian Democracy
Canadian foreign policy sees Latin America as a playground for its most voracious corporations.
Human rights violations at Canadian gold miners’ operations abroad have become harder to ignore, but that’s a strange thing to celebrate
Canadian mining and petroleum companies rank among the most world’s most abusive and destructive.
Left nationalism was always a mirage. Canada is a settler-colonial state with a subjugated indigenous population. The old nationalist narrative is insufficient to deal with an imperialist country that exploits the Global South and participates in military adventurism abroad under NATO and the United Nations.[…]
Toronto-based Barrick Gold is both the world’s largest gold mining company — and its most abusive. In 2011, Human Rights Watch published a report that alleged that Barrick’s security at Papua New Guinea mines committed gang rapes and other violent assaults. In 2015, the company ended up compensating eleven women for the attacks. New rape allegations emerged later that year.
Barrick’s founder and chairman Peter Munk shrugged off his company’s liability, saying, “Gang rape is a cultural habit. Of course, you can’t say that because it’s politically incorrect. It’s outrageous. We have to pretend that everyone’s the same and cultures don’t matter. Unfortunately, it’s not that way.”
Barrick flouts indigenous rights in Latin America, profits from unsafe working conditions from Peru to Russia, and wreaks major environmental damage. Just last month, a Tanzanian inquiry heard that police killed sixty-five people and injured 270 others in the area around Barrick’s North Mara gold mine.Barrick isn’t the only bad apple. Vancouver-based Nevsun Resources was recently sued for allegedly using forced labor in its gold mine in Eritrea. The brutal dictatorship that condoned the practice holds a 40 percent stake in the mine.
Canada Is Not Honduras’ Friend: Coups, Repression and Profits
Historically, the United States has played a very negative role in supporting coups and military regimes and overthrowing governments across the Americas, and some listeners would be very familiar with that story. What people are less familiar with is with the role that Canada plays.
Whereas in the past I would say that Canada often quietly acquiesced to the interventionist role the U.S. has played in the Americas, with the Honduras coup in 2009, Canada played an explicit, front seat role in both legitimizing the coup and then politically and economically supporting the post coup regimes in power since then. As I said, it is a very repressive regime in power in Honduras, profoundly undemocratic, operating with high levels of repression, corruption and impunity.
“It doesn’t elect crazy nationalists”
Except we already elected Stephen Harper three fucking times.
With Anti-Muslim Campaign, Canada Has Its Trump Moment
Veiled Attack: Muslim-bashing is an effective campaign tactic
Goodbye, Harper. Good riddance.
Can Canadian politics get much more warped than what Harper pulled during the 2015 election? Sucking toes for votes with a crack-smoking mayor while touting family values. Trying to drive a wedge between majority and minority Canadians by exploiting the politics of bigotry over issues like the niqab — despite the court rulings against the Conservative position. Vowing to set up a rat line to expose “barbaric practices”, using the unforgettable sales team of Kellie Leitch and Chris Alexander.
Stephen Harper was Donald Trump before Trump was Trump, right down to the bigotry, fear-mongering, divisiveness, scapegoating, and profound anti-democratic impulses that had Canada’s entire parliamentary structure tottering, according to experts like Peter Milliken and Robert Marleau.
Canada’s Conservatives vow to create ‘barbaric cultural practices’ hotline
White people don’t have to worry about Canada’s new “report your neighbor” hotline
Also, remember when Stephen Harper decided to use the term “old stock Canadian” in public in the year 2015?? In spite of the fact that that word has some seriously shitty racial connotations attached to it?? And he used that word to justify why he thinks refugees aren’t entitled to univeral healthcare in Canada???
VIDEO: Um, what exactly IS an “old stock Canadian,” Stephen Harper?
“It doesn’t threaten to deport people”
No, we just arrest refugees then detain them indefinitely, and then treat them so poorly when they’re in detention that many of them wind up dying. We also scam our migrant workers and treat them like garbage and then send them packing when we don’t need them anymore.
Canada Border Services Agency must change way it treats migrants: Editorial
Fifteen people have died while in the custody of Canada Border Services Agency since 2000 and in most cases no one knows why. The service needs to be held accountable for the thousands of migrants it detains each year
These borders kill: Canada’s lethal immigration system
Migrants are the only population in Canada that can be administratively detained for long periods of time, or indefinitely, without being charged or convicted of any crime. There were 7,300 people detained in 2013, the most recent data made available by the government.
The Immigration and Refugee Protection Act gives the CBSA broad powers to detain migrants if they believe they are a flight risk, a danger to public safety, inadmissible to Canada on security grounds, or inadequately identified. The vast majority, 94.2 per cent, are detained on grounds other than posing a security threat.
Since 2012, the Protecting Canada’s Immigration System Act has “protected” the immigration system by imposing mandatory detention for all migrants designated as “irregular arrivals,” including those as young as 16.  
[…]
In Canada, migrants may be detained indefinitely – unlike in the United States, for example, which imposes a 90-day limit on immigration detention. Out of 585 people in immigration detention in November 2013, 60 had been held for over a year. Some have been jailed for more than 10 years, trapped in the carceral limbo of undeportability.
Incarcerating migrants is inhumane: Goar
Guatemalan workers allegedly swindled out of work permits now face deportation: Migrant workers say they were paid as little as $300 for working 85 hours a week
“It feels like the government just sells you out to a white man.” 
21 arrested for illegally crossing border in Manitoba: RCMP 
An inexcusable travesty: Canada sent a Syrian minor to solitary confinement
“When the world was on fire in 2016, we were fine”
Choosing to remain willfully ignorant wrt Canadian politics and history doesn’t mean we were “fine.” It just means people were purposefully ignorant in favour of promoting a narrative that’s not true.
“Canada is exceptional”
Tumblr media
5K notes · View notes
csrstories · 3 years
Text
Tanzanian gold miners ten times more likely to die from road injuries, study finds
Tanzanian gold miners ten times more likely to die from road injuries, study finds
Miners were 10 times more likely to die of traffic-related injuries than people who did not work in mining, a study that looked at Tanzania’s two biggest gold mines found. Africa has a third of the global stock of metals and minerals and hosts around 700 active large-scale mining sites, with more in the pipeline as the world’s appetite for these resources grows. Of the 186 people of working age…
Tumblr media
View On WordPress
0 notes
phaseinked · 4 years
Text
With This Gold Company, It’s Time for Investors to Start Looking Forward
Source: Clive Maund for Streetwise Reports   05/12/2020
Technical analyst Clive Maund discusses why he is upbeat about Tanzanian Gold.
Tanzanian Gold Corp. (TRX:NYSE; TNX:TSX) stock got clobbered by a big financing last December, and then it got beaten down further to a low in March when the entire market caved in, including gold stocks, so it has remained “under a cloud” since the financing, never really recovering with the sector in April, and it is only in the past week that it has started to perk up, as we can see on its latest 6-month chart below.
It is now clear that a base pattern has been building out since last December that has allowed time for sentiment to recover and for its moving averages to start to swing into a more positive alignment. An especially positive development is the improvement in the volume pattern that has led to a marked improvement in the Accumulation line in recent weeks. This, coupled with momentum (MACD) swinging positive, suggests that it is getting ready to break out of this base pattern at last.
It is thus encouraging to see that on the 18-month chart it has broken out of the downtrend in force from last July just over the past week. This chart also shows that, in addition to the nearby resistance level marking the upper boundary of the recent base pattern, there is another level of significant resistance on the way up centered on 75 cents, however, given how rapidly the outlook for gold is improving, it is considered unlikely that these resistance levels will prove to be much of an impediment.
On the fundamental front there have been a string of very positive developments for the company this year, which include:
First was the doubling of Measured and Indicated Resources from 1 million ounces to 2.3 million ounces.
Second was the Buckreef review which included discussion of the oxide plant start-up and imminent gold production, and new indications of a potential underground component in the larger sulphide mine plan.
Third was the work done by SGS Lakefields to give the company the ability to discuss a potential plan for a mining operation 3 times that described in our 2018 Pre-Feasibility Study with production of 150,000-175,000 ounces gold per year.
Finally, the news of the work toward final feasibility and project based (non-dilutive) financing for two separate mining operations, to be achieved with the assistance of PWC (Price Waterhouse Cooper).
Zooming out again, the 6-year plus chart shows to advantage the entire giant base pattern that has formed in Tanzanian Gold at a low level since early 2015. This chart begins to make clear how historically cheap the stock is.
Finally, the 18-year chart makes the stock look even more cheap as we can see that it is now at a very low price compared to the heady days of the 2000s and going into 2011, when hope triumphed over reason. The ironic thing is that, now that the company is much closer to attaining its goals with respect to the development of its mines, against the background of a gold price that is headed to the moon, because of the impending hyperinflation which the Fed is already enthusiastically feeding, the stock price is historically at a very low level, way below where it was in the 2000s, implying that we should soon see the triumph of reason over despair.
Tanzanian Gold Corp. was mentioned as a most promising gold stock in the Precious Metals Sector Alert posted at 3.30 pm last Thursday and it was nice to see your buying drive a sharp move higher in the stock during the last half hour of trading.
The conclusion is that Tanzanian Gold is a strong buy here for all time frames, only qualified by the observation that we could see a minor dip over the short-term as it is a little overbought, although there may be no dip at all.
Tanzanian Gold website.
Tanzanian Gold Corp, TRX, TRX.ASE, trading at $0.62, closed at A$0.623 on 8th May 2020.
Originally posted at 1.50 pm EDT on CliveMaund.com on 8th May 2020.
Clive Maund has been president of http://www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.
Sign up for our FREE newsletter at: www.streetwisereports.com/get-news
Disclosure: 1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
Charts provided by the author.
CliveMaund.com Disclosure: The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
( Companies Mentioned: TRX:NYSE; TNX:TSX, )
from The Gold Report – Streetwise Exclusive Articles Full Text https://ift.tt/35WQNQA
from WordPress https://ift.tt/2Wsfb9x
0 notes
andreagillmer · 4 years
Text
With This Gold Company, It’s Time for Investors to Start Looking Forward
Source: Clive Maund for Streetwise Reports   05/12/2020
Technical analyst Clive Maund discusses why he is upbeat about Tanzanian Gold.
Tanzanian Gold Corp. (TRX:NYSE; TNX:TSX) stock got clobbered by a big financing last December, and then it got beaten down further to a low in March when the entire market caved in, including gold stocks, so it has remained “under a cloud” since the financing, never really recovering with the sector in April, and it is only in the past week that it has started to perk up, as we can see on its latest 6-month chart below.
It is now clear that a base pattern has been building out since last December that has allowed time for sentiment to recover and for its moving averages to start to swing into a more positive alignment. An especially positive development is the improvement in the volume pattern that has led to a marked improvement in the Accumulation line in recent weeks. This, coupled with momentum (MACD) swinging positive, suggests that it is getting ready to break out of this base pattern at last.
It is thus encouraging to see that on the 18-month chart it has broken out of the downtrend in force from last July just over the past week. This chart also shows that, in addition to the nearby resistance level marking the upper boundary of the recent base pattern, there is another level of significant resistance on the way up centered on 75 cents, however, given how rapidly the outlook for gold is improving, it is considered unlikely that these resistance levels will prove to be much of an impediment.
On the fundamental front there have been a string of very positive developments for the company this year, which include:
First was the doubling of Measured and Indicated Resources from 1 million ounces to 2.3 million ounces.
Second was the Buckreef review which included discussion of the oxide plant start-up and imminent gold production, and new indications of a potential underground component in the larger sulphide mine plan.
Third was the work done by SGS Lakefields to give the company the ability to discuss a potential plan for a mining operation 3 times that described in our 2018 Pre-Feasibility Study with production of 150,000-175,000 ounces gold per year.
Finally, the news of the work toward final feasibility and project based (non-dilutive) financing for two separate mining operations, to be achieved with the assistance of PWC (Price Waterhouse Cooper).
Zooming out again, the 6-year plus chart shows to advantage the entire giant base pattern that has formed in Tanzanian Gold at a low level since early 2015. This chart begins to make clear how historically cheap the stock is.
Finally, the 18-year chart makes the stock look even more cheap as we can see that it is now at a very low price compared to the heady days of the 2000s and going into 2011, when hope triumphed over reason. The ironic thing is that, now that the company is much closer to attaining its goals with respect to the development of its mines, against the background of a gold price that is headed to the moon, because of the impending hyperinflation which the Fed is already enthusiastically feeding, the stock price is historically at a very low level, way below where it was in the 2000s, implying that we should soon see the triumph of reason over despair.
Tanzanian Gold Corp. was mentioned as a most promising gold stock in the Precious Metals Sector Alert posted at 3.30 pm last Thursday and it was nice to see your buying drive a sharp move higher in the stock during the last half hour of trading.
The conclusion is that Tanzanian Gold is a strong buy here for all time frames, only qualified by the observation that we could see a minor dip over the short-term as it is a little overbought, although there may be no dip at all.
Tanzanian Gold website.
Tanzanian Gold Corp, TRX, TRX.ASE, trading at $0.62, closed at A$0.623 on 8th May 2020.
Originally posted at 1.50 pm EDT on CliveMaund.com on 8th May 2020.
Clive Maund has been president of http://www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.
Sign up for our FREE newsletter at: www.streetwisereports.com/get-news
Disclosure: 1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
Charts provided by the author.
CliveMaund.com Disclosure: The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
( Companies Mentioned: TRX:NYSE; TNX:TSX, )
from The Gold Report – Streetwise Exclusive Articles Full Text https://ift.tt/35WQNQA
from WordPress https://ift.tt/35YeCrl
0 notes
internetsmoothie · 4 years
Text
With This Gold Company, It's Time for Investors to Start Looking Forward
Source: Clive Maund for Streetwise Reports   05/12/2020
Technical analyst Clive Maund discusses why he is upbeat about Tanzanian Gold.
Tanzanian Gold Corp. (TRX:NYSE; TNX:TSX) stock got clobbered by a big financing last December, and then it got beaten down further to a low in March when the entire market caved in, including gold stocks, so it has remained "under a cloud" since the financing, never really recovering with the sector in April, and it is only in the past week that it has started to perk up, as we can see on its latest 6-month chart below.
It is now clear that a base pattern has been building out since last December that has allowed time for sentiment to recover and for its moving averages to start to swing into a more positive alignment. An especially positive development is the improvement in the volume pattern that has led to a marked improvement in the Accumulation line in recent weeks. This, coupled with momentum (MACD) swinging positive, suggests that it is getting ready to break out of this base pattern at last.
It is thus encouraging to see that on the 18-month chart it has broken out of the downtrend in force from last July just over the past week. This chart also shows that, in addition to the nearby resistance level marking the upper boundary of the recent base pattern, there is another level of significant resistance on the way up centered on 75 cents, however, given how rapidly the outlook for gold is improving, it is considered unlikely that these resistance levels will prove to be much of an impediment.
On the fundamental front there have been a string of very positive developments for the company this year, which include:
First was the doubling of Measured and Indicated Resources from 1 million ounces to 2.3 million ounces.
Second was the Buckreef review which included discussion of the oxide plant start-up and imminent gold production, and new indications of a potential underground component in the larger sulphide mine plan.
Third was the work done by SGS Lakefields to give the company the ability to discuss a potential plan for a mining operation 3 times that described in our 2018 Pre-Feasibility Study with production of 150,000-175,000 ounces gold per year.
Finally, the news of the work toward final feasibility and project based (non-dilutive) financing for two separate mining operations, to be achieved with the assistance of PWC (Price Waterhouse Cooper).
Zooming out again, the 6-year plus chart shows to advantage the entire giant base pattern that has formed in Tanzanian Gold at a low level since early 2015. This chart begins to make clear how historically cheap the stock is.
Finally, the 18-year chart makes the stock look even more cheap as we can see that it is now at a very low price compared to the heady days of the 2000s and going into 2011, when hope triumphed over reason. The ironic thing is that, now that the company is much closer to attaining its goals with respect to the development of its mines, against the background of a gold price that is headed to the moon, because of the impending hyperinflation which the Fed is already enthusiastically feeding, the stock price is historically at a very low level, way below where it was in the 2000s, implying that we should soon see the triumph of reason over despair.
Tanzanian Gold Corp. was mentioned as a most promising gold stock in the Precious Metals Sector Alert posted at 3.30 pm last Thursday and it was nice to see your buying drive a sharp move higher in the stock during the last half hour of trading.
The conclusion is that Tanzanian Gold is a strong buy here for all time frames, only qualified by the observation that we could see a minor dip over the short-term as it is a little overbought, although there may be no dip at all.
Tanzanian Gold website.
Tanzanian Gold Corp, TRX, TRX.ASE, trading at $0.62, closed at A$0.623 on 8th May 2020.
Originally posted at 1.50 pm EDT on CliveMaund.com on 8th May 2020.
Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years' experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.
Sign up for our FREE newsletter at: www.streetwisereports.com/get-news
Disclosure: 1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
Charts provided by the author.
CliveMaund.com Disclosure: The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
( Companies Mentioned: TRX:NYSE; TNX:TSX, )
from The Gold Report - Streetwise Exclusive Articles Full Text https://ift.tt/35WQNQA
0 notes
goldcoins0 · 4 years
Text
With This Gold Company, It's Time for Investors to Start Looking Forward
Source: Clive Maund for Streetwise Reports   05/12/2020
Technical analyst Clive Maund discusses why he is upbeat about Tanzanian Gold.
Tanzanian Gold Corp. (TRX:NYSE; TNX:TSX) stock got clobbered by a big financing last December, and then it got beaten down further to a low in March when the entire market caved in, including gold stocks, so it has remained "under a cloud" since the financing, never really recovering with the sector in April, and it is only in the past week that it has started to perk up, as we can see on its latest 6-month chart below.
It is now clear that a base pattern has been building out since last December that has allowed time for sentiment to recover and for its moving averages to start to swing into a more positive alignment. An especially positive development is the improvement in the volume pattern that has led to a marked improvement in the Accumulation line in recent weeks. This, coupled with momentum (MACD) swinging positive, suggests that it is getting ready to break out of this base pattern at last.
It is thus encouraging to see that on the 18-month chart it has broken out of the downtrend in force from last July just over the past week. This chart also shows that, in addition to the nearby resistance level marking the upper boundary of the recent base pattern, there is another level of significant resistance on the way up centered on 75 cents, however, given how rapidly the outlook for gold is improving, it is considered unlikely that these resistance levels will prove to be much of an impediment.
On the fundamental front there have been a string of very positive developments for the company this year, which include:
First was the doubling of Measured and Indicated Resources from 1 million ounces to 2.3 million ounces.
Second was the Buckreef review which included discussion of the oxide plant start-up and imminent gold production, and new indications of a potential underground component in the larger sulphide mine plan.
Third was the work done by SGS Lakefields to give the company the ability to discuss a potential plan for a mining operation 3 times that described in our 2018 Pre-Feasibility Study with production of 150,000-175,000 ounces gold per year.
Finally, the news of the work toward final feasibility and project based (non-dilutive) financing for two separate mining operations, to be achieved with the assistance of PWC (Price Waterhouse Cooper).
Zooming out again, the 6-year plus chart shows to advantage the entire giant base pattern that has formed in Tanzanian Gold at a low level since early 2015. This chart begins to make clear how historically cheap the stock is.
Finally, the 18-year chart makes the stock look even more cheap as we can see that it is now at a very low price compared to the heady days of the 2000s and going into 2011, when hope triumphed over reason. The ironic thing is that, now that the company is much closer to attaining its goals with respect to the development of its mines, against the background of a gold price that is headed to the moon, because of the impending hyperinflation which the Fed is already enthusiastically feeding, the stock price is historically at a very low level, way below where it was in the 2000s, implying that we should soon see the triumph of reason over despair.
Tanzanian Gold Corp. was mentioned as a most promising gold stock in the Precious Metals Sector Alert posted at 3.30 pm last Thursday and it was nice to see your buying drive a sharp move higher in the stock during the last half hour of trading.
The conclusion is that Tanzanian Gold is a strong buy here for all time frames, only qualified by the observation that we could see a minor dip over the short-term as it is a little overbought, although there may be no dip at all.
Tanzanian Gold website.
Tanzanian Gold Corp, TRX, TRX.ASE, trading at $0.62, closed at A$0.623 on 8th May 2020.
Originally posted at 1.50 pm EDT on CliveMaund.com on 8th May 2020.
Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years' experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.
Sign up for our FREE newsletter at: www.streetwisereports.com/get-news
Disclosure: 1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
Charts provided by the author.
CliveMaund.com Disclosure: The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
( Companies Mentioned: TRX:NYSE; TNX:TSX, )
from https://www.streetwisereports.com/article/2020/05/12/with-this-gold-company-its-time-for-investors-to-start-looking-forward.html
0 notes
goldira01 · 4 years
Link
Tumblr media
Gold has started off 2020 on a positive note and continues to look well placed ahead.
Rising geopolitical tensions could push investors towards traditional safe havens. However, the U.S. has reached a partial trade deal with China, a complete resolution to the trade dispute could take more time. Also, how Iran-U.S. tensions pan out remains to be seen. U.S. presidential elections this November will also likely fuel broader market volatilities. These factors collectively put gold in a strong focus, which might bode well for the second-largest gold miner, Barrick Gold (TSX:ABX)(NYSE:GOLD) stock.
Barrick Gold: Upbeat earnings
Gold miner stocks generally play as a substitute for yellow metal due to their moderate positive correlation. Since October 2019, Barrick Gold stock has soared around 5%, largely tracking spot gold prices. Last year’s gold price rally notably uplifted Barrick Gold’s earnings, mainly due to improved price realizations.
Notably, contributions from Randgold Resources, a merger which completed last January, also played well for Barrick’s earnings. The synergy benefits might continue this year as well. Higher gold prices could continue to have a positive impact on its bottom line in 2020. The company expects gold production at the higher end of its guidance range of 5.1 million to 5.6 million ounces for 2019.
Improving debt profile
Barrick Gold has been aggressively working on improving its balance sheet for the last several quarters. It has sold interests in several unprofitable mines recently and paid back the debt. In December, it sold 90% interest in Senegal-based Massawa project for approximately $430 million.
Its long-term debt has been trending downwards for the last few years. In 2016, the company had debt of $6.5 billion, while it came down to $5.5 billion at the end of September 30, 2019. Interestingly, Barrick Gold CEO Mark Bristow aims to reduce the company’s net debt to zero this year. This might look too ambitious at this point, but the company’s intent of making the balance sheet debt-light is indeed noteworthy.
Dividends
Barrick Gold is currently trading at a dividend yield of 1.1%, notably lower than the TSX 60 average. However, what’s striking here is its recent dividend growth. The company paid an annual dividend of $0.20 per share in 2019 — an increase of 67% compared to 2018. Also, its ordinary payout ratio indicates a potential for robust dividend increases for the future.
Risks
Political constraints might act as a key risk for the gold miner in 2020 and beyond. How things pan out between Barrick and the Tanzanian government regarding its Acacia mining assets will be interesting to see. If talks between these two fail, Barrick might have to take on some impairment charges, which could create momentary weakness in the stock.
The gold price is one of the most important drivers for miners such as Barrick Gold. Even if gold is trading close to its all-time highs, substantial weakness in the short to medium term seems unlikely. Thus, a robust asset base, an improving debt profile, and supporting gold prices could drive Barrick Gold stock upwards in 2020.
5 TSX Stocks for Building Wealth After 50
BRAND NEW! For a limited time, The Motley Fool Canada is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50.
So if you’re looking to get your finances on track and you’re in or near retirement – we’ve got you covered!
You’re invited. Simply click the link below to discover all 5 shares we’re expressly recommending for INVESTORS 50 and OVER. To scoop up your FREE copy, simply click the link below right now. But you will want to hurry – this free report is available for a brief time only.
Click Here For Your Free Report!
Fool contributor Vineet Kulkarni has no positions in any of the stocks mentioned.
0 notes
stockcalc · 6 years
Text
Zymeworks (ZYME:TSE) and Tanzanian Royalty Explr (TNX:TSE) Are Biggest Stock Gainers YTD on TSE
Zymeworks (ZYME:TSE) and Tanzanian Royalty Explr (TNX:TSE) Are Biggest Stock Gainers YTD on TSE
Stockcalc – Free Trial
Have a free look inside the StockCalc website at www.stockcalc.com
I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.
Biggest Stock Gainers Year to Date on TSE
Today we are looking at companies that have had the greatest…
View On WordPress
0 notes
phaseinked · 5 years
Text
Prominent Gold Stock at ‘Buy Spot’
Source: Clive Maund for Streetwise Reports   10/14/2019
Technical analyst Clive Maund’s charts explain why he sees this stock as a buy.
Tanzanian Gold Corp. (TRX:NYSE; TNX:TSX) looks like it is at an optimum buy spot right now, for reasons that are set out on its latest 6-month chart below.
Because the nearby strong support is sharply defined, there is the option to set a close stop just beneath it, which risks being shaken out, of course.
Tanzanian Gold website. Tanzanian Gold Corp., trading at $0.78; CA$1.03 at 12.32 p.m. EDT on 7 October 2019. Originally posted on CliveMaund.com at 1.05 p.m. EDT on 7 October 2019.
Clive Maund has been president of http://www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.
Sign up for our FREE newsletter at: www.streetwisereports.com/get-news
Disclosure: 1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
Charts provided by the author.
CliveMaund.com Disclosure: The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
( Companies Mentioned: TRX:NYSE; TNX:TSX, )
from The Gold Report – Streetwise Exclusive Articles Full Text https://ift.tt/2nPtff1
from WordPress https://ift.tt/2OPiF2D
0 notes
andreagillmer · 4 years
Text
With This Gold Company, It's Time for Investors to Start Looking Forward
Source: Clive Maund for Streetwise Reports   05/12/2020
Technical analyst Clive Maund discusses why he is upbeat about Tanzanian Gold.
Tanzanian Gold Corp. (TRX:NYSE; TNX:TSX) stock got clobbered by a big financing last December, and then it got beaten down further to a low in March when the entire market caved in, including gold stocks, so it has remained "under a cloud" since the financing, never really recovering with the sector in April, and it is only in the past week that it has started to perk up, as we can see on its latest 6-month chart below.
It is now clear that a base pattern has been building out since last December that has allowed time for sentiment to recover and for its moving averages to start to swing into a more positive alignment. An especially positive development is the improvement in the volume pattern that has led to a marked improvement in the Accumulation line in recent weeks. This, coupled with momentum (MACD) swinging positive, suggests that it is getting ready to break out of this base pattern at last.
It is thus encouraging to see that on the 18-month chart it has broken out of the downtrend in force from last July just over the past week. This chart also shows that, in addition to the nearby resistance level marking the upper boundary of the recent base pattern, there is another level of significant resistance on the way up centered on 75 cents, however, given how rapidly the outlook for gold is improving, it is considered unlikely that these resistance levels will prove to be much of an impediment.
On the fundamental front there have been a string of very positive developments for the company this year, which include:
First was the doubling of Measured and Indicated Resources from 1 million ounces to 2.3 million ounces.
Second was the Buckreef review which included discussion of the oxide plant start-up and imminent gold production, and new indications of a potential underground component in the larger sulphide mine plan.
Third was the work done by SGS Lakefields to give the company the ability to discuss a potential plan for a mining operation 3 times that described in our 2018 Pre-Feasibility Study with production of 150,000-175,000 ounces gold per year.
Finally, the news of the work toward final feasibility and project based (non-dilutive) financing for two separate mining operations, to be achieved with the assistance of PWC (Price Waterhouse Cooper).
Zooming out again, the 6-year plus chart shows to advantage the entire giant base pattern that has formed in Tanzanian Gold at a low level since early 2015. This chart begins to make clear how historically cheap the stock is.
Finally, the 18-year chart makes the stock look even more cheap as we can see that it is now at a very low price compared to the heady days of the 2000s and going into 2011, when hope triumphed over reason. The ironic thing is that, now that the company is much closer to attaining its goals with respect to the development of its mines, against the background of a gold price that is headed to the moon, because of the impending hyperinflation which the Fed is already enthusiastically feeding, the stock price is historically at a very low level, way below where it was in the 2000s, implying that we should soon see the triumph of reason over despair.
Tanzanian Gold Corp. was mentioned as a most promising gold stock in the Precious Metals Sector Alert posted at 3.30 pm last Thursday and it was nice to see your buying drive a sharp move higher in the stock during the last half hour of trading.
The conclusion is that Tanzanian Gold is a strong buy here for all time frames, only qualified by the observation that we could see a minor dip over the short-term as it is a little overbought, although there may be no dip at all.
Tanzanian Gold website.
Tanzanian Gold Corp, TRX, TRX.ASE, trading at $0.62, closed at A$0.623 on 8th May 2020.
Originally posted at 1.50 pm EDT on CliveMaund.com on 8th May 2020.
Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years' experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.
Sign up for our FREE newsletter at: www.streetwisereports.com/get-news
Disclosure: 1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
Charts provided by the author.
CliveMaund.com Disclosure: The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
( Companies Mentioned: TRX:NYSE; TNX:TSX, )
from The Gold Report - Streetwise Exclusive Articles Full Text https://ift.tt/35WQNQA
0 notes
internetsmoothie · 5 years
Text
Prominent Gold Stock at 'Buy Spot'
Source: Clive Maund for Streetwise Reports   10/14/2019
Technical analyst Clive Maund's charts explain why he sees this stock as a buy.
Tanzanian Gold Corp. (TRX:NYSE; TNX:TSX) looks like it is at an optimum buy spot right now, for reasons that are set out on its latest 6-month chart below.
Because the nearby strong support is sharply defined, there is the option to set a close stop just beneath it, which risks being shaken out, of course.
Tanzanian Gold website. Tanzanian Gold Corp., trading at $0.78; CA$1.03 at 12.32 p.m. EDT on 7 October 2019. Originally posted on CliveMaund.com at 1.05 p.m. EDT on 7 October 2019.
Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years' experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.
Sign up for our FREE newsletter at: www.streetwisereports.com/get-news
Disclosure: 1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
Charts provided by the author.
CliveMaund.com Disclosure: The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
( Companies Mentioned: TRX:NYSE; TNX:TSX, )
from The Gold Report - Streetwise Exclusive Articles Full Text https://ift.tt/2nPtff1
0 notes
goldcoins0 · 5 years
Text
Prominent Gold Stock at 'Buy Spot'
Source: Clive Maund for Streetwise Reports   10/14/2019
Technical analyst Clive Maund's charts explain why he sees this stock as a buy.
Tanzanian Gold Corp. (TRX:NYSE; TNX:TSX) looks like it is at an optimum buy spot right now, for reasons that are set out on its latest 6-month chart below.
Because the nearby strong support is sharply defined, there is the option to set a close stop just beneath it, which risks being shaken out, of course.
Tanzanian Gold website. Tanzanian Gold Corp., trading at $0.78; CA$1.03 at 12.32 p.m. EDT on 7 October 2019. Originally posted on CliveMaund.com at 1.05 p.m. EDT on 7 October 2019.
Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years' experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.
Sign up for our FREE newsletter at: www.streetwisereports.com/get-news
Disclosure: 1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
Charts provided by the author.
CliveMaund.com Disclosure: The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
( Companies Mentioned: TRX:NYSE; TNX:TSX, )
from https://www.streetwisereports.com/article/2019/10/14/prominent-gold-stock-at-buy-spot.html
0 notes
smartstocktrading · 4 years
Text
Mining Stocks with Great News in January 2020 - Part 2
The mining companies discussed in this post are: MacDonald Mines, QMX Gold Corp, Unigold Inc, Palladium One Mining, Tanzanian Gold Corp, Warrior Gold and Crystal Lake Mining.
There have been many interesting news releases from mining companies last week, It seems like everyone is excited to see the huge run by palladium miners lately and getting ready to experience the same fun as those companies. I was not able to cover all 22 companies in this post so I decided to post the ones that I have already reviewed.
MacDonald Mines Exploration Ltd
QMX Gold Corporation
View On WordPress
0 notes