Luna Gold Announces Shareholder Approval of Share Consolidation - Junior Mining Network

Luna Gold Announces Shareholder Approval of Share ConsolidationJunior Mining NetworkThe exercise prices and exchange ratios for the outstanding common share purchase warrants of the Company, as well as the Company’s stock options and restricted share units, have also been adjusted to account for the 10:1 Consolidation, in accordance … and more …read more … Continue reading

Sunshine Heart (SSH) Announces $3.8M Conv. Preferred Direct Offering, Private Placement - StreetInsider.com

Sunshine Heart (SSH) Announces $3.8M Conv. Preferred Direct Offering, Private PlacementStreetInsider.comAlso in the private placement, the investors in the offering will receive warrants to purchase shares of common stock exercisable for up to 22,352,941 additional shares of common stock, in the aggregate. The warrants have an exercise price of $0.18 per …Sunshine Heart Announces Exchange and $3.8 Million OfferingEIN News (press release)Sunshine Heart inks direct placement of convertible stock; shares down 15%Seeking Alpha all 3 news articles …read more … Continue reading

Silver Charts Indicate Now May Be an Excellent Entry Point

Calling an end to the correction in silver is tricky, but technical analyst Clive Maund sees an intermediate base forming for silver stocks, a “classic buy spot.” Although at first glance it’s a tricky call, because superficially a bear flag appears to be completing in silver, on closer inspection it now looks like silver’s correction is done and an intermediate base pattern is completing. If so, we are at an excellent entry point for many silver stocks, which have been savagely beaten down over the past several months—a necessary correction following their outsized run-up earlier in the year. On its one-year chart we can see that silver’s corrective action from early July has brought it all the way back to its steadily rising 200-day moving average, a classic buy spot, where a potential intermediate base has formed. This corrective action has more than completely unwound the earlier overbought condition. However, there are grounds for concern on two counts. One is that the steep drop early in October broke the price below the uptrend line shown, and the other is that the pattern that has since formed looks very much like a bear flag at first glance. If it is, another sharp drop will follow soon. Thus, it is interesting to observe that the volume pattern is not consistent with this being a bear flag. Instead, it is consistent with this being an intermediate base pattern. To properly examine the volume pattern in this sideways formation, we need to refer to … Continue reading

Precious Metals Stocks May Be Poised for a Major Upswing

Technical analyst Clive Maund outlines why he believes the correction in gold and precious metals stocks is coming to an end. It now looks like gold’s correction is done and its intermediate base pattern is completing. If so, then we are at an excellent entry point for many better precious metals (PM) stocks, which have been savagely beaten down over the past several months—a necessary correction following their outsized run-up earlier in the year. On its one-year chart, we can see that gold’s corrective action from early July has brought it all the way back to its steadily rising 200-day moving average, a classic buy spot, where a potential intermediate base has formed. This corrective action has more than completely unwound the earlier overbought condition, and it may well be that the price is bottoming at the lower boundary of the large parallel uptrend channel shown, which is what various factors suggest. These factors are behind the major uptrend still in force, as symbolized by the rising 200-day moving average already alluded to: the bullish alignment of moving averages, the price being at the lower boundary of the prospective channel shown, the earlier overbought condition having unwound and, finally, the dollar looking like it is breaking down from its uptrend of the past month, which we will look at later. The seven-year chart for gold shows its new bull market in the context of the preceding bear market from the 2011 highs. This new bull market ran into trouble at … Continue reading

Jack Chan: This Past Week in Gold

Technical analyst Jack Chan charts the last week’s movements in the gold and silver markets. Our proprietary cycle indicator remains down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders. Speculation has reached level of previous bottom. Trend remains down. Silver is on a long-term buy signal. SLV is on a short-term sell signal as the buy signal has failed, and short-term signals can last for days to weeks, more suitable for traders. SummaryA bull market in gold and silver has been confirmed. The cycle is down and the trend is down, but that can change very soon. COT data is showing the first sign of a bottom. Let’s wait for price action to confirm. Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the U.S. dollar bottom in 2011. Want to read … Continue reading

PAVmed Files Registration Statement for Issuance of Shares Underlying IPO Warrants - Business Wire (press release)

PAVmed Files Registration Statement for Issuance of Shares Underlying IPO WarrantsBusiness Wire (press release)Prior to the effectiveness of the registration statement, the IPO warrants are exercisable on a cashless basis. As of the close of trading on October 27, 2016, the last sale price of the company’s common stock was $11.85 per share. PAVmed expects to … and more …read more … Continue reading