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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (18569)	5/19/2016 11:52:45 AM
From: Goose94	Read Replies (1) \| Respond to of 203382

Major Cycle Low Upcoming in Gold There is a major cycle low looming for gold prices. Ideally it should arrive as a price low in late 2016. But based on history, it could arrive anytime between August 2016 and March 2017, and still fit within the normal tolerance. Defining a normal tolerance for gold’s 8-year cycle is a pretty iffy proposition. We have only 5 prior examples to go by, and while they cover a period of over 40 years, anyone who ever studied statistics knows that n<30 is problematic. If you want to wait until n=30 before believing in this cycle, then you only have to wait until the year 2215. If you are willing to accept the message from fewer iterations, then this week’s chart has some interesting insights to offer. A few years ago I constructed this idealized 8-year cycle pattern, and featured it in our newsletter. The one leg up, 3-waves down pattern has “worked” ever since gold finally started trading freely in 1975, with one major exception. From 2001 to 2009, the normal “left translation” flipped to a more bullish right translation mode. Aside from that one strong uptrending period, gold’s price pattern has matched this artificial pattern pretty well. The relevance of that insight for the current period is that the next major 8-year cycle bottom is due this autumn. Ideally it should be due in February 2017, but another tool suggests that late 2016 is more likely to see the arrival of that bottom. There is a dominant 13-1/2 month cycle in gold prices. The next major cycle low is ideally due in October 2016, but gold regularly makes bottoms plus or minus a month from the ideal cycle bottoms. So this is not a tool that will allow anyone to reasonably pencil in a hard date for when the cycle low is due. Still, an autumn 2016 bottom for the 13-1/2 month cycle fits well with the idea of a major 8-year cycle low due in late 2016 to early 2017. One additional insight from the 13-1/2 month cycle is that we have already seen “right translation” of the price pattern versus this cycle, and that one piece of information conveys bullish portents for the likelihood of a higher price high for gold in 2017, once we get past the upcoming big cycle low. Bottom Line: We have two major long-term cycles, both calling for an important bottom in gold prices in late 2016. That’s a big deal. The two are independent of each other, and their confluence in calling for a bottom later this year has strong implications. Gold prices ought to be expected to drop downward into that cycle low, but more importantly we should expect a big uptrend to commence out of that major cycle bottom. It will be hard for gold bugs to be patient and wait for that major cycle low to arrive, but the long term cycles say that the ensuing rally should be worth the wait. Tom McClellan Editor, The McClellan Market Report www.mcoscillator.com (253) 581-4889

To: Goose94 who wrote (18569)	8/19/2016 8:38:01 AM
From: Goose94	Respond to of 203382

Austral Gold (AGD-ASX) and Argentex Mining (ATX-V) Aug 19, '16 are pleased to announce the completion of the previously announced plan of arrangement (the "Arrangement") involving the acquisition by Austral of all of the issued and outstanding shares of Argentex, which became effective at 12:01 a.m. (Eastern Daylight Time, Toronto, Canada) on 19 August 2016 (the "Effective Time"). Pursuant to the Bulletin issued by the TSX Venture Exchange (the "TSX-V") on 18 August 2016, Argentex's common shares will be delisted from the TSX-V at the close of trading on 19 August 2016, and Austral's ordinary shares will commence trading at the opening of the TSX-V on 22 August 2016 under the symbol "AAM". Austral Gold's Chairman Eduardo Elsztain commented: "This is a pleasing milestone for Austral Gold, and it is a key catalyst in establishing our business in North America, and importantly, giving us access to the capital markets there. "We see significant value in the precious metals sector and we are committed to adding to our asset base in Chile and Argentina." "Our acquisition of Argentex represents another step in Austral's effort to acquire high quality development and production assets on the road to becoming a preeminent precious metals producer in Latin America," said Stabro Kasaneva, CEO of Austral. Under the terms of the Arrangement, Argentex shareholders are entitled to receive approximately 0.564676 of an ordinary share of Austral for each Argentex common share held at the Effective Time. At the Effective Time, Argentex became a wholly-owned subsidiary of Austral. About Austral Gold Austral Gold Limited is listed on the Australian Securities Exchange (ASX:AGD) and is a growing precious metals mining and exploration company building a portfolio of assets in South America. The Company's flagship Guanaco project in Chile is a low-cost producing mine with further exploration upside. With an experienced and highly regarded major shareholder, Austral Gold is strengthening its asset base by investing in new precious metals projects in Chile and Argentina that have near-term development potential. For more information, please consult the company's website www.australgold.com.au. Austral Gold Limited Alison Crealy +61 (2) 9380 7233 info@australgold.com.au Austral Gold Limited Jose Bordogna +54 (11) 4323 7558 jbordogna@australgold.com.au