Gold spot: $2064, 1st month futures: $2060
Silver spot: $28.33, 1st month futures: $28.31
The surge continues.
USD index: 92.95
Much the same as yesterday.
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IIROC Trading Resumption - NVO
VANCOUVER, BC, Aug. 6, 2020 /CNW/ - Trading resumes in:
Company: Novo Resources Corp.
TSX-Venture Symbol: NVO
All Issues: Yes
Resumption (ET): 9:30 AM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
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Finally got some fills. Iâm wondering how many of you are sitting in your seats, broker window open, all wound up and fired up trying to get fills while the MMâs play their games!
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THIS IS CRAZY!
Bought more this morning.
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I gladly bought more NSRPF at $2.70. Didnât think Iâd have that opportunity, but have no problem taking advantage of it.
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I tried to flip KRR and buy Novo this morning but my KRR is yet to be made trade-able since the reverse in my account. Ugh!
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If this happens to go lower, watching 2.52 and 2.24 for support.
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I doubt seriously if itâs Karoraâs fault like Ameritrade is telling me . . .but who knows. 
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Buying more.
TR - Can you tell by looking at the Level 2 that it is indeed the MMs who are selling?
I donât watch lvl II. You can tell by the way it dropped paired with the inability to buy above the ask as it was falling, which is what I was doing from 2.80 down. They will intentionally (and illegally) ignore orders for the purpose of fulfilling their agenda. They want in on the good news and will use their power to run over investors to do it. This was also probably a shakeout of stop loss orders, but this kind of activity is done to put people in a panic and sell because there are a lot of people investing who arenât informed about much of anything. Call it psychological warfare if you want because thatâs pretty much what it is.
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A little headâs up in the event my earlier posted support levels become irrelevantâŚ
This is the daily chart. The black trend lines that are drawn outline what is potentially, and very likely imo, a falling wedge formation which, contrary to what you may think, is BULLISH. That lower trend line of the wedge is at 2.52 today. Tomorrow it will obviously be a cent or two lower. There can also be a false breakdown intraday that goes below that line. Whatâs important is that the candle closes on or above that line to keep the formation intact and valid. The formation is far enough along that the upside breakout could occur any day. These usually break out from the half-way to 2/3 portion of the formation, not at the intersection of the two trend lines. In other words, this could turn around today, tomorrow, or early next week and break to new highs.
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Thatâs brutal, I been with TD Waterhouse for 20 plus years apart from a couple of days where they had internet issues its been all good, I received my split position last week and I was able to trade right away if I chose to. Holding what I have and see where we go.
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I bought in Etrade after the split cause I figured it was safe to trade and they will not let me sell yet.
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Just got off the phone with Ameritrade. They said Ameritrade made the decision not to âfront the sharesâ . He said they still havenât received them from Karora. TD Waterhouse made the decision to front the shares before receiving them. At least the shares do show up on my position page as they were before the split.
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This is the first time I was ever âfortunateâ enough to buy a stock (Novo) right before a trading halt - not a great experience so far, and there wasnât even any âbadâ news.
I have to admit I didnât pay attention to these stocks when they were initially posted and so missed out on the much lower prices. Iâm glad to have this opportunity to build my position and also one for a couple friends. If that wedge plays out Bubba youâll soon forget about this experience. 
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Gold spot: $2070, 1st month futures: $2075
Silver spot: $29.38, 1st month futures: $29.41
The surge continues. Crazy.
USD index: 92.78
Holding
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So much for technically overbought! 
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Refer to the âREPLYâ linked chart from my earlier post.
It really looks like we could test $30 tomorrow. The weekly RSI is going to be very near 85. I would really watch out for a pull back here especially if we hit $30 and bounce off.
To me it looks like $GOLD is getting a little heavy here at $2060 to $2075. Weekly RSI is about 77. This also supports a pull back thesis in my book.
Watch the USD. If it holds or strengthens this also indicates a pause. If USD continues to fall then who knows.
If we do pierce $30 and hold for a weekly close above $30 that chart makes it look like a quick run to $35 could be possible. But this rate of increase will have to pause at some point. It would be good to pull back and rest a little while until the next strong seasonal period approaches in Nov to Feb as well as the U.S. election. But one way or another we ultimately go higher from here.
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