To: hubris33 who wrote (11586) | 12/20/2012 7:50:34 PM | From: hubris33 | | | COT volume up 25,000 per today's preliminary numbers, that on a drop of POG of 21.80. Front month had bulk of action rising 32K - suggesting traders were driving the action. April volume down 76% (-9K). June volume essentially flat.
So we'll see what happens with Open Interest when numbers come out tomorrow
I see TOCOM added 2K of OI to 152K today.... |
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To: ames who wrote (11596) | 12/21/2012 2:09:47 AM | From: hubris33 | | | Hmmm, second attempt at that 1630 level and it didn't hold. Will be interesting to see where Asia finally draw a line in the sand and holds form with its buying.
If I were a betting man here, I'd be look for a spot to sell some OOT Money puts of a few of the PMs.....AEM, SLW, RGLD, ANV. Maybe not just now, but soon. |
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To: hubris33 who wrote (11595) | 12/21/2012 10:19:21 AM | From: hubris33 | | | COT Data is out....................... ..................... ...................
Well COT didn't go 3 for 3. On a drop in POG of 21.80, OA OI dropped -7242 to 430,442. While POG hit a new low, OI remained above its recent low of 427K (7-Dec).
Only significant place where COT dropped was in the front month contract, Feb, dropping - 9226 of OI as Traders headed for the exits in droves. That obviously was offset by adding 1984 of OI in other contracts. In fact, the Apr contract was able to maintain its streak of session with day-to-day adds in OI - now at 24 trading sessions. Yesterday's big winner was the Aug13 contract adding 1177 of OI.
So is this divergence? If it is, what does divergence mean for us?
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To: hubris33 who wrote (11593) | 12/22/2012 7:25:33 PM | From: JimisJim | | | Thx... great charts... maybe I'll finally have time to finish my miners' homework over the holidays... thx again for all the info you've posted and sent my way. |
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From: hubris33 | 12/24/2012 11:02:23 AM | | | | Here's to a Merry Christmas to all who might wander into TEF! Hope the season finds you happy and healthy! |
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From: hubris33 | 12/26/2012 11:27:40 PM | | | | COT an interesting study.... ......................... .................
Well last week we were all excited about the positive divergence shown by COT's Open Interest (OI) versus a declining POG. We posted a chart here:
Message 28619131
Unfortunately Friday before the holidays wasn't friendly to our theory. OI dropped 5,192 as POG recovered a bit (+14.20) from its Thursday smack down of -21.80. So Friday we hit a new short-term low of 425K OI.
Christmas Eve we added a bit to the OI, but not enough to "cancel out" our two-day OI drop. Looks like that positive divergence is trashed or in serious trouble here.
So we watch & wait. Obviously if we are going to get a run up in the paper POG, we need OI to expand to support such a rise. Now I'd like to see 430K to start things, but a break above 440K looks like it is what is needed for a strong up move.
So what happens the rest of this week? Is every one on vacation or are Funds still squaring books for the EoY? Is the fiscal cliff enough of a deal to send investors into Gold's hands?
Here's the chart, fwiw......
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To: hubris33 who wrote (11441) | 12/28/2012 11:40:15 AM | From: hubris33 | | | marketwire.com
Harte Gold Raises $2,865,120 Under Private Placement
TORONTO, ONTARIO--(Marketwire - Dec. 27, 2012) - HARTE GOLD CORP. ("Harte") (TSX:HRT)(FRANKFURT:H4O) announced today the final closing of its non-brokered private placement announced December 4, 2012. Harte raised total gross proceeds of $2,865,120 under the two closings, which will be used to fund exploration, permitting and technical studies associated with advanced exploration at the Company's 100% owned Sugar Zone property and, general corporate purposes.
Subsequent to the initial closing of the private placement announced December 4, 2012 and due to investor demand, Harte applied for and received TSX approval to increase the amount of funds to be raised under the Flow Through Unit offering from $2,000,000 to $2,350,000.
Pursuant to the final closing, Harte Gold issued 567,000 Units at $0.15 per Unit for gross proceeds of $85,050. Each Unit consists of one common share and one-half common share purchase warrant. Each full warrant is exercisable at $0.25 for a period of eighteen (18) months from closing. Harte also issued 3,159,588 Flow-Through Units at $0.17 per Flow Through Unit for gross proceeds of $537,130. Each Flow Through Unit consists of one flow-through common share and one-half common share purchase warrant. Each full warrant is exercisable at $0.25 for a period of eighteen (18) months from closing.
Finder's fees payable in connection with the final closing of the private placement consist of a cash payment equal to 6% of cash raised and that number of common share purchase warrants equal to 6% of the number of Units and Flow-Through Units issued pursuant to certain orders in the private placement, for a total of $8,954 and 53,375 warrants. Each Finder's warrant is exercisable at $0.18 for a period of eighteen (18) months from closing.
About Harte Gold Corp.
Harte Gold Corp. is focused on the development of its 100% owned Sugar Zone property and is currently permitting an advanced exploration program for the Sugar Zone Deposit. The Sugar Zone property is located 60 kilometres east of the Hemlo Gold Camp. Harte also holds the Stoughton-Abitibi property located on and adjacent to the Destor-Porcupine Fault Zone in close proximity to the 2.5 million ounce Holt-Holloway Gold Mine in the Timmins, Ontario Porcupine gold camp.
Common Shares Outstanding: 190,181,554
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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