McClellan Chart-In-Focus: Yuan Forecasted Gold’s Break-Out

Recently, stocks outperforming bonds and a shift to more Call Options vs. Put Options, helps move the Indicator but market volatility is still high and more stocks are hitting 52-week lows. [more]

eResearch is pleased to provide its RASI Report, an analysis of the Ratio-Adjusted Summation Index that is compiled by McClellan Publications. RASI just turned Negative with a Negative Trend, an ominous sign for market expectations. [more]

Torex Gold Resources has agreed to acquire Prime Mining in an all-share transaction valued at approximately $449 million. The transaction implies an enterprise value of roughly US$322 million and values Prime at about US$108 per gold equivalent ounce based on total Indicated and Inferred resources of approximately 3.0 million ounces. Prime shareholders will receive 0.060 Torex shares per share held and will own about 10.7 percent of Torex following closing. The acquisition adds the Los Reyes gold-silver project in Mexico to Torex’s development pipeline and increases its silver exposure. [more]