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GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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Message: Tuesday Market, Oct 27

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jcwillis

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Tuesday Market, Oct 27

posted on Oct 27, 09 11:39AM

Hello to all you NAK'ster Lurkers...

On NYSE - NAK sp hit the bottom BB and seeing some support in contradiction to the gold price. Might be a little early unless gold pops tomorrow. Technicals see 15min Bullish while 60min and Daily trying to turn for the better. Might note that daily OBV has been showing accumulation during the down part of the cycle, so there could be a pretty good pop on the upswing of this cycle.

Dow is in a Bullish mode at this time. Daily still bearish, so may be still some downside although the Bulls are out in force today. Tech generally down, while Banks and RecessProofers generally up. Might be a bit of a DCB today, so be choosey in establishing a position for the next cycle upswing.

Gold at $1040 and was fairly steady overnight. At 10am someone sold off to drop the price of gold below $1035 for a little bit, but it has recovered. GLD, which pretty much tracks the price of gold, showing Bearish Daily techs with OBV supportive. Also, the last recent high was a lower-high and more recently a lower-low was made, so be aware.

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