On the heels of Paul Tudor Jones Bullish comments on gold, a monumental shift in sentiment just took place in the gold market.
A Monumental Shift In Sentiment
June 13 (King World News) – The chart shows one of the biggest 10-day optimism changes in the gold market (see chart below).
Overall sentiment is still not at the “extreme optimism” level but there was a radical shift from fear (near excessive pessimism) toward more optimism with regards to the gold market…
Stepping back, here is a look at 10 & 25 year charts of sentiment in the gold market. Not at extreme levels from a big picture perspective, despite the monumental shift in sentiment (see both charts below).
10-Year Chart Of Sentiment In The Gold Market
25-Year Chart Of Gold Sentiment – Not Yet At “Extreme Optimism” (above red dotted line)
Also of importance…
Eric King: “Ivan, your company’s stock hit another 52 week high yesterday and today you have released the first historic drill results from the Sombrero project. Normally stocks take a breather after news, especially since you have been the top performing exploration company in the world in 2019, but can you talk about today’s news?”
Sombrero – A Major Discovery In Peru
A Major Discovery – Ivan Bebek: “This is a major result for us today as it shows the first look at the third dimension of Sombrero where our thesis that we could be onto a cluster that could potentially represent the copper-gold version of the Las Bambas district in Peru. The holes we assayed, although drilled in 2013 by a steel company looking for Iron skarns and drilled primarily within the sediments vs. the limestones, have confirmed our speculation that the impressive surface results continue at depth in a part of the Andes where some of Peru’s largest mines occur.
6 Major Targets, 6 Possible Major Discoveries
Our model has been validated and we have a finger print for the entire district in our northern claims where we have 6 major targets with multiple high grade copper and gold occurrences on surface in addition to Sombrero main.
Significance of the Results:
- Copper-gold sulphide mineralization extends to depth underneath the previously reported surface channel sample of 232 meters of 0.55% Cu equivalent (see April 3, 2019 release).
- Copper-gold mineralization encountered at the Fierrazo target provides a clear analogue to discover additional large-scale mineralized exoskarn bodies within the Sombrero property, based on similar geophysical and geochemical signatures.
- The mineralization encountered in the historical drill holes confirms Auryn’s belief that Sombrero has analogous geological and mineralization characteristics of the deposits of the Las Bambas district.
Auryn Resources, the top performing exploration company in the world in 2019, symbol AUG in the US and Canada. To read today’s exciting press release CLICK HERE.
***Also just released: Legendary Hedge Fund Manager Just Predicted Gold May Soar To $1,700 “Rather Quickly” CLICK HERE TO READ.
***Also just released Paul Tudor Jones – “Gold’s Going To Scream” CLICKING HERE OR ON THE IMAGE BELOW.
© 2019 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.