Although Gold put in a bearish reversal on Friday and failed to breakout, do not expect the sector (and miners specifically) to begin a significant correction.
Gold’s own driving upleg fueling this big gold-stock surge looks far from spent. Speculators’ gold-futures positioning continues to look bullish, and investors have barely even started buying gold yet. All that is on top of gold miners..
The short-term target is about $2050, but a key long-term chart suggests gold could reach $2200-$2400 before there’s a major reaction. As noted, gold is the currency of kings (and regular citizen champions)...
Of the 29 holes, ten are deep holes which were drilled in different directions towards the Central Valley to define the limit of the gold mineralization system at depth. The remaining 19 holes are shallow..
Aztec is freshly financed with strong backing to aggressively advance its projects with two drill programs at its highly prospective properties in Mexico and Arizona. The company is setting up for a busy summer..
