originally published Friday, February 08, 2019

All Gold & Silver Stocks

Further to the email alert just sent out, the half position in Tanzanian Royalty that we sold at the top for a big profit over a week ago should be BOUGHT BACK IMMEDIATELY - the volume pattern suggests that a bull Flag / Pennant is completing and that another strong upleg may be imminent. The email alert read as follows…

“Tanzanian Royalty Exploration buyback alert Volume pattern is typical of a bull Flag / Pennant, so the half position that we sold at the top at about $0.63 (C$0.84) should now be bought back ASAP - prices now at about $0.546, C$0.74. Brief update with chart later.”

Here is the 3-month chart for the time when the alert was sent out at just after 3.00 EST…

And he is the chart for the close of trading yesterday, showing that it ended the day with a 14.2% gain…

And it would appear that it was your buying that caused almost all of yesterday’s gain during the last hour of trading, as is clear from the following 1-day intraday chart, which shows all price and volume action in detail during the day…

While many of you got this message in time, as evidenced by the action of the past hour, I was dismayed to learn that some of you didn’t, as a result of using gmail. The point has been raised before that gmail is simply hopeless for our purposes and should be abandoned in favor of a service that undertakes to route mails through in a timely manner. With respect to this I received the following insightful mail from a subscriber (many thanks Mac)…

Because I now have two email accounts, GMAIL and YAHOO, we can compare the efficiency.

This message was received by my Yahoo account at 3:01 pm EST in a timely fashion to make the trade.

This message came in on GMAIL at 7:53 pm EST, after markets close


You might want to consider opening a Yahoo Mail account and recommend it to your subscribers, or at least pick one or two of them to add the Yahoo acct and then compare to see if they got the same results that I did. Notify them and then send them the two emails and ask what time they received them.

So there you have it – the solution to this problem has been set out.

Finally it is important to note that although yesterday’s action was certainly bullish, it does not necessarily mean that Tanzanian Royalty is starting its next run now – the Flag may not yet be complete and it may zigzag around within it for a while longer yet before the next upleg starts, in which case we might need to adjust its upper boundary slightly. That said there is a fair chance that yesterday's move does indeed mark the start of the next upleg.

Tanzanian Royalty website

Tanzanian Royalty Exploration Corporation, TRX, TNX.TSX, closed at $0.61, C$0.80 on 8th February 19.

Posted at 3.05 pm EST on 8th February 19, version updated with charts and additional commentary posted at 1.45 pm EST on 9th February 19.

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 stockmarket 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.