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Vancouver Cambridge House Investment Conference – Hour 1

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January 30, 2016

Hour 1: 

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Discussion
231 Comments
    Jan 30, 2016 30:49 AM

    As always, many thanks for hour 1 & 2 of the weekend show fellas.
    I’ve currently got them both downloading whilst I’m cooking a lemon pudding for Saturday night dessert.
    Who said guy’s can’t multi task !
    Cheers.

      Jan 30, 2016 30:59 AM

      Nice work on the lemon pudding & investment mashup……

    Jan 30, 2016 30:08 AM

    **** SORRY GENTLEMEN but these markets will be back down into the 15,000’s next week, and the month of February will be a bigger bust than January! This big rally in stocks on Friday was all due to further confirmation from the BOJ and GDP negative news that the Fed can not raise interest rates anymore into the future!

    Reality will sink back into this market to start next week and we will see a sea of red raise it’s ugly head again to start the month of February!
    Remember each day this Gov’t and the central bankers have to come up with a new trick to keep this system going, and how much longer can we keep exporting our inflation to everyone else! This is why the ECB and now Japan are going negative with there interest rates because they know what is up!
    They know how bad things really are……………WE ARE IN A DEPRESSION!

    Janet Yellen knows this and soon you are going to know this when she adopts negative interest rates and reveals QE4!

    Next month is going to be a disaster in February…………..this Game of Pain is not over!

    Oh and make sure that you acknowledge that I was right when it happens!

      Jan 30, 2016 30:40 AM

      You should be shorting them heavily then with a 100% short position.

        Jan 30, 2016 30:08 PM

        Paul L. – My comments about 2080 level in the S&P being an area Avi Gilburt thought may be an upside target apparently were incorrect early this week after listening to this audio. I really thought I remembered him saying that when the markets corrected back, that they may make it up to 2080 and then turn back down, but he didn’t mention any scenario today like that so I must have confused that with a different Elliot Wave technician. I apologize for the confusion, and I believe Avi did a good job of unpacking the 2 different scenarios he could see playing out over the next few weeks.

        Good luck to you in your trading.

          Jan 31, 2016 31:03 AM

          I think will be a target for later in the year. For now we might be limited to 1980 to 2000.

            Jan 31, 2016 31:34 PM

            Agreed. There are some good S&P targets that Gary Wagner laid out on his video that was posted on the other weekend show blog worth reviewing. I’m also noting the targets Avi laid out on his audio above.

            Good luck this week Paul L.

            Jan 31, 2016 31:46 PM

            Good luck……..are you kidding!

    Jan 30, 2016 30:25 AM

    Sorry to be the bearer of bad news but lets be logical here!
    Again, look at the Baltic Dry Index now smashed again down
    to 317 points………….ouch!
    These countries around the world are watching this…………nothing
    is moving! Sure some things are moving domestically like food, medicine, etc.
    But that is it! The World is not stupid! Sure Americans may be but that’s it,
    and soon they are going to know and that’s when the panic will start!

    So this is nowhere near over………we got a long, long, long way to go!
    Just wait until next week!

    Mark,

    http://www.bloomberg.com/quote/BDIY:IND

    Jan 30, 2016 30:30 AM

    * Oh, and thanks for having on Avi Gilburt!

      Jan 30, 2016 30:45 AM

      On that point, I finally find myself in agreement with you Mark,
      ……who’d a thunk it ?

        Jan 30, 2016 30:49 AM

        Hey, it’s all true! The whole world knows it! Only us….

      Jan 30, 2016 30:47 AM

      …….and Avi, it’s more than a correction!
      It’s a collapse!

    Jan 30, 2016 30:03 AM

    Totally agree Mark. The world is in freefall. Problem is most Americans don’t see it. However, it is coming to bite them on the ass very soon. Avi I don’t agree on the gold. The real demand is growing, I see it in my community. This past Friday’s manipulated $800 million gold paper dump was not that effective and my observation is these massive paper raids are having less and less impact. The price recovers faster every time… The shorts better be careful.

      Jan 30, 2016 30:15 AM

      Thank you Ronnie………….just being honest!
      I hate to sound like a doomsayer but I know what is coming
      for this great country of ours!

      This time, it’s for real!

    bb
    Jan 30, 2016 30:33 AM

    I dont know why your so gloomy Mark, this is HUGE opportunity to make cash.

    Maybe your right tho, its the end of the world, probly going to be zombies everywhere after everyone kills each other. We are really are doomed.

    Do you know HH? Is there a club?

      Jan 30, 2016 30:15 AM

      He is always negative. Sometimes it is best to stay quiet if you don”t have something positive to say. He just missed a huge 20+% gains on major oil stocks or etfs. I am getting ready to offload a giant position in oil over the next few days. Maybe we should all sell everything and buy guns, ammo and food with that money. I bought gun stocks a while back but got out too early as they were dropping hard at that time.
      The market has some more upside left as it just broke out. We may get to 2000 where everyone wants to short and we will just go through another normal correction of around 100 points and another bounce up. If investors are wrong the market might fool them and we could see a high near 2050 to 2070 before it fails with a slightly lower high. I will be buying the VIX on the rally up gradually to get ready for the next correction. I took over 10% gains on RIG on Friday day trading over about 5 hours but too bad I only went with a small position.

        bb
        Jan 30, 2016 30:41 PM

        Im not really a “trader”, at least not a good one. lol
        I own some metal stocks, probly too early, I cross my fingers for better prices mid year, will buy again then.
        My guess is holding for awhile after that will pay off.

        Of course I could be wrong, its just what I think.

          Jan 31, 2016 31:39 AM

          Harry Dent has been calling for 3000 Dow in his emails and 6000 more recently as well gold near 500. Others have been calling for 3000 gold and 3000 Dow for years. These crazy forecasts will all be proven wrong but they sell subscriptions.

            Jan 31, 2016 31:49 PM

            Harry Dent has only been wrong on gold, nothing else…………..

      Jan 30, 2016 30:53 PM

      I never say it’s the end of the world……it’s the end for these economies and a devastating lost for investors as well as traders!

        Jan 30, 2016 30:57 PM

        It’s not going to be ” The Walking Dead “………just ” The Living Dead.”

          Jan 30, 2016 30:59 PM

          I KNEW THIS WAS COMING………THERE WERE WARNINGS!

            bb
            Jan 30, 2016 30:45 PM

            Mark, anyone that has ever followed markets in any time period in history knew this was coming. Its really not a revelation, ya plain ole didnt have to go to “prophet school”, ya just had to look at what markets do.
            Like chucking a rock in the air, what goes up comes down.
            Really not a big discovery.

            Thats why some people make themselves out to be “dingbats” trying to come across like they are some kind of sage, hollar buy buy metal instead of discussing how to short.
            That should tell you they are NOT the people to admire.

            Exaggerations grow tedious. Maybe write for kwn? Course Polney does ok a few others I guess.

            Guess the truth is a little boring for people. Markets go up, markets go down.
            Thats why expressions like “the trend is your friend” come into being.
            Markets go both ways, people need to learn to make money in either direction.
            When you do, then you can say you understand, your opinion will count, but not until then.

            Quit sqwuakin and learn how.
            Not likely ya find out here actually, when people that really understood what was happening they got chased off this site, and there is almost nil discussion here as to how to make kodiak money.

            Rick has mentioned how in his work, thats all Ive noticed tho. Probly profitable to subscribe.
            Im sure theres lots that do know, I wouldnt be consulting goldbugs tho.

            bb
            Jan 30, 2016 30:48 PM

            oops, consult goldbugs for good miners in a bull.
            or ya could just put on a blindfold and use a dartboard.
            Either way works in a bull.

            Jan 30, 2016 30:59 PM

            BB – The charts below with XAU representing the majority of the stocks on Kitco, versus the miners that bottomed in 2013 and have been the quality names show the vast difference between throwing a dart and being selective.

            bb
            Jan 30, 2016 30:02 PM

            Are they selective as to where the darts landed?

            Just out of interest, when the bull does start, pick your favs and being honust put the kitco list on a wall and use the dart.

            Or, copy the list, save it and look in a year.
            Bet ya get a giggle.

            bb
            Jan 30, 2016 30:05 PM

            o ya, when 70% of the list has tripled I will use this as proof as to how well I know markets and sell subscriptions. lol

            I will have to come up with proprietary lingo. lol

            Jan 30, 2016 30:04 PM

            Best of luck to you BB in your investing.

            The charts below clearly illustrate how selecting quality companies based on strong fundamentals and technical indicators on these stocks had them bottoming in 2013 where as the vast majority of gold stocks in the mining universe continued to fall up until present times.

            All of the indexes, ETFs and Funds that track mining using a basket of top companies fell over the same time period. This means if you would have just thrown a dart, most of what you could have invested in would have continued to go down at the end of 2013, for 2014, and for 2015. Does that sound like a winning strategy to you?

            Go look at the holdings inside of XAU and you will see that the majority of the companies included are the household names, and are good companies that will do fine in a recovering market…. the only problem is that these are NOT the companies that bottomed in 2013, but rather the ones that fell further making new lows the last 2 1/2 years. The other companies charted in contrast are some of the quality names we’ve been dissecting and discussing on the KER blog the last few years, and they clearly out-performed by a landslide.

            If you can’t see that clear as day, then you are ignoring it…..

            Jan 30, 2016 30:15 PM

            The other thing about being selective is that things change. Some of the companies that have been performing well may run into challenges, and you can’t just buy and hold when that happens, and need to reallocate from time to time. Sometimes you need to know when to cut your losses if a company loses focus, and transfer the focus to a different equity.

            There are many mining companies that have been punished in share price to an absurd level, and may snap back in a reversion to the mean when metal prices rebound. Some many barely move at all. Certain companies will outperform their peers and grow at a much faster rate for a time, or an overall larger percentage move, or may be a takeover target that could result in a sudden appreciation. Gathering key fundamental data and technical data may separate some from the pack as one’s that have more growth potential. That is part of being selective not just sprayin’ and prayin’ it works out.

            Jan 31, 2016 31:25 AM

            Sorry I don’t understand you bb, your words are crashing into one another………..please proof read before you set to print, that goes for many of you!

            Jan 31, 2016 31:31 AM

            Your diction to grammar is horrible!

            Jan 31, 2016 31:10 AM

            Just another correction going on as it has been since the beginning of the stock market. Next year we could be looking at new highs after a roller coaster 2016 just like 2015.

            bb
            Jan 31, 2016 31:02 AM

            I think you misunderstand Ex, I didnt say that cherry picking wasnt good the last couple years, what Im sayin is EVERYTHING will rise when gold turns. (a favorite term is hi tide raises all boats?)
            OBVIOUSLY some will increase more % wise than others.

            People here are interested in PMs, I am, but better profits have been elselwhere. So when we compare PMs to each other,remember we are comparing the “not the best place to be stuff” and “smart” wouldnt even be discussing it. lol Their attention would be somewhere else.
            YES, some PMs have done better than others, (duh)lol

            Im sure we ALL can point to 100% profit on PMs we have chosen over the last years, I can. So? (pot paid thousands of% for example “selective” pot stocks paid 10s of thousands of %, PM wrong place to be comparatively)
            Thats not my point, my point is, EVERYTHING will rise when this next bull actually hits.
            What gets talked about here is which ones should do the best, ok, good discussion and thats why people would read this place.

            But ogc(recent discussion) for example (which I like) has done what? double? maybe?
            I have a share I paid .5cents(1/2 cent) for and sold for 2-2.5 cents
            How much of a win is that? 4x?
            How did ogc do the last while 2x? or seabridge? was great $4.5 to $11? I like both, were either as good as a penny share?

            My point, anyone can cherry pick, means little, especially when its not actually the most profitable secter.

            Save the kitco list from today, when this gold market turns, somewhere around 2016 doldrums, wait a few months and check the list, 70%+ of the list will have made nice coin.

            But some penny stocks, 1/2-1 cent right now are going to go to $1-$2
            Is ogc, or Barrik or Claude going to do that well?
            Ya gotta be selective tho. lol

            Its all good Ex, its just how ya look at it.

            bb
            Jan 31, 2016 31:58 AM

            Mark, sry you have a difficult time understanding.
            Im saying you are NOT saying anything that hasnt been known by any competent market observer for 100s of years.
            You are NOT providing new information.
            You are NOT warning anyone.
            You ARE showing you dont understand markets.
            Is that clear?

            Learn the markets, what they do is natural to markets
            goes up, comes down,goes up, comes down forever and ever amen

            On the other hand Mark, to itch his own, its all good, keep screaming, its ok.

            Jan 31, 2016 31:41 PM

            Not screaming at all, just stating facts………after this crash there wont be a come back for a long time!

            Jan 31, 2016 31:44 PM

            BB – I agree with you that high tide rises all boats, but yes my point was to try to identify some in each category (Streamer, ETFs, Mid-Tier producers, Small producers, Development companies (near term producers) and the true explorers that stand out above their peers.

            I completely agree that the penny stocks and likely the small producers, development and explorers are going to be the stocks that grow multiple times. They are of course the very riskiest though, so I like to have some more established small and mid-size companies in the mix for stability, or sometimes I just anchor a mining position with an ETF or Gold for the general trend (we brought up the fund USERX or the Tocqueville Gold fund, and the ETF GLDX as examples on Friday).

            My passion is trying to find takeover targets or the real small companies that are going to move the most, but in the bear market the last few years, that was not prudent, and most of my focus personally was on the Mid-tier and Small producers. Now is the time to start reviewing the micro-cap stocks though for a portion of one’s speculative money.

            I posted kind of a jumbled up mess of a list at the very bottom of this blog, and would be open to any feedback you have on any of the companies on that list. I also went on to post a few of the standouts corporate presentations as well. Let me know if you have any other suggestions.

            Have a great week.

            bb
            Jan 31, 2016 31:29 PM

            I think you know all the same companies I do on N American markets Ex.

            And more than likely we like the same ones. lol

            Because you asked if I had any suggestions, I would imagine anything of interest.

            Its not gold, but it is interesting.

            Cancer patients are finally catching a break, as Australian researchers have tested a miracle drug that leads to big improvement in a majority of cases, and total recovery in some. The drug targets a specific protein that helps cancer cells survive.
            The Melbourne-based trial took place over four years and tested 116 patients. It was shown by researchers at the Royal Melbourne Hospital and Peter MacCallum Cancer Centre that the drug Venetoclax can greatly reduce cancer blood cells.

            Positive results were seen in 79 percent of cases involving patients suffering from chronic lymphocytic leukemia. Some patients who had previously undergone treatment were left as good as new after agreeing to the new pill trials.

            This is indeed historic news, as it marks the first trial of a medicine that is the result of three decades of research. “Here we are a bit under 30 years later in collaboration with WEHI and pharmaceutical companies here and in the US having proved that’s achievable,” head of haemotology, Professor John Seymour, told the Sydney Morning Herald.

            “This is a completely new class of drugs and there is no other drug or medicine previously available that has had the ability to inhibit this BCL-2 protein,” he said, adding that the drug’s benefits also spread to other forms of cancer and leukemia than those tested.

            Their results are published Thursday in the journal New England Journal of Medicine.

            Success stories were heard from many chronically sick patients. One, Rodney Jacobs, 63, who owns a record shop in Melbourne, told the newspaper he was referred to the trial in 2012 after other therapies, including chemotherapy. Jacobs could not get a break.

            “It was looking pretty bleak at that stage,” he told the paper. “The results have been nothing short of stunning… I’ve had little or no side effects and I slowly got myself back to work with my business and slowly but surely I have a relatively normal life.”

            Roberts explained how the drug works, and it has to do with a specific protein called BCL-2, which helps cancer cells survive, making them simply “melt away.” It was first discovered in the 1980s, but scientists couldn’t find an inhibitor for it.

            “I think this drug is going to be very significant and I think these results are significant in themselves because they show in real people exactly what the potential of this can be,” Roberts says. “Many of the people who achieved a complete remission are still in a complete remission more than a year later.

            Jan 31, 2016 31:40 PM

            Thanks BB. That sounds like interesting cancer research, but I generally steer away from pharmaceutical companies, healthcare, and biotech, because I don’t understand all the nuances of those companies. I realize that there are certain times where a particular company will hit on a drug or new technology that causes it to soar thousands of percent, but I don’t know enough about that industry to make shrewd investment decision.

            Personally, I just go for the sector using the Biotech ETF (IBB) or the Healthcare ETF (XLV).

    CFS
    Jan 30, 2016 30:52 AM

    Re: Equitas.

    VANCOUVER, Nov. 27, 2015 /CNW/ – Equitas Resources Corp. (TSXV: EQT) (FSE: T6UN) (OTCMKTS: EQTRF) (“Equitas” or the “Company”) announces the issuance to directors and officers a total of 2,000,000 incentive stock options. Subject to the approval of the TSX Venture Exchange, each stock option is exercisable into one common share of the Company at a price of $0.15 per share for a period of 5 years, under the Company’s 2015 Stock Option Plan.

    I can find no trades under EQTRF this year is it still listed in the Greys and tradable in the US?

    Jan 30, 2016 30:53 AM

    Well my personal favorite Avi Gilburt forecast is this little nugget:
    “”What if I was to tell you that gold could make another such run over the next decade plus? Does it seem that outrageous now? Well, I think the math shows it can and will, with the price of gold futures surpassing $25,000″”

    Now remember he’s 4000% up on all his trades!

    So why work when money falls from the sky with Avi Gilburt. What could go wrong?

    CFS
    Jan 30, 2016 30:55 AM

    OOPs, I guess I hit a period and cap key at the same time.
    Is EQTRF still tradable in the US?

    Jan 30, 2016 30:04 AM

    Dana Lyons is really interesting. I’m going to add his view to my outlook on PM’s

      Jan 30, 2016 30:02 AM

      Things are shaping up nicely for a bullish outcome for the XAU…

      Weekly:

      http://schrts.co/TLIoMg

        Jan 30, 2016 30:04 AM

        The daily chart looks good and is getting better:

        http://schrts.co/bH7eku

          Jan 30, 2016 30:49 PM

          It just dawned on me that I didn’t compare the XAU index to the other groupings of Gold stocks so I’ll include that in the composite perf chart below. It is interesting to note that the XAU index was the worst performer of all the groupings (below even the HUI Index, and the 2 Silver ETFs):

          Covered on the chart:

          USERX, GLDX, SGDM, GDX, $HUI, GDXJ, SGDJ, SIL, SILJ, $XAU

          http://stockcharts.com/freecharts/perf.php?USERX,GLDX,SGDM,GDX,$HUI,GDXJ,SGDJ,SIL,SILJ,$XAU#

            Jan 30, 2016 30:39 PM

            The XAU started on January 19, 1979. Here are its components:

            https://www.kitco.com/pop_windows/stocks/xau.html

            Jan 30, 2016 30:42 PM

            I guess more so than the HUI that the XAU index is really the best proxy or grouping of buying the stocks on Kitco, and while they collectively have been in the dumper they should all survive the downturn in metals.

            It is very interesting that NONE of the stocks we highlighted recently as the winners of 2014 and 2015 (having bottomed in 2013) are included on the XAU:

            Klondex, Kirkland Lake, Detour Gold, OceanaGold, Franco-Nevada, Lake Shore Gold, Richmont Mines, Claude Resources, Pretium Resources, Guyana Goldfields, Centerra Gold, or Northern Star Resources

            None of them are on the XAU. We should have built a KER Index and compared it.

            This is why it is a stock pickers market…..

            _________________________________________________________________________

            I’ll just do a few comparison charts that show the miners bottom in 2013 and the vast difference in performance in some of these quality stocks versus the XAU index.

            Here is a 3 year chart showing the trajectories of the XAU versus Klondex, Kirkland Lake, and Detour Gold.

            http://stockcharts.com/h-sc/ui?s=%24XAU&p=D&yr=3&mn=0&dy=0&id=p06884614576

            Jan 30, 2016 30:45 PM

            Here is a chart of the XAU versus Lake Shore Gold, Oceana Gold, and Pretium Resources.

            http://stockcharts.com/h-sc/ui?s=%24XAU&p=D&yr=3&mn=0&dy=0&id=p30327901752

            Jan 30, 2016 30:48 PM

            Here is a chart of the XAU versus Claude, Richmont, and Guyana Goldfields.

            http://stockcharts.com/h-sc/ui?s=%24XAU&p=D&yr=3&mn=0&dy=0&id=p07415796812

            Jan 30, 2016 30:51 PM

            Here is a chart of the XAU versus Centerra Gold and Franco-Nevada:

            http://stockcharts.com/h-sc/ui?s=%24XAU&p=D&yr=3&mn=0&dy=0&id=p51041647717

            Jan 31, 2016 31:49 PM

            NICE brief on the XAU index vs. the best performers……..Thanks Shad.

            Feb 01, 2016 01:54 AM

            Thank mj12 – They are very revealing charts and illustrate the point that in the bear market we’ve been in with metals that the cream still rises to the top and outperforms in a major way. Betting on the Kitco list in a bear market and holding the last 3 years would have been a poor philosophy.

      Jan 30, 2016 30:44 PM

      Agree Chris in Thailand. I thought Dana Lyons had a practical approach to their firms analysis.

    Jan 30, 2016 30:28 AM

    “You know you are on the right track , when the crowd is against you”…….Eric Sprott..2016

      Jan 30, 2016 30:07 PM

      Too right ole boy. Too right.

      bb
      Jan 30, 2016 30:47 PM

      Really?, there has been a rather large crowd saying he was on the wrong side of the boat for a few years now.
      The broken clock will eventually be right.
      Imagine the billions he would have made if he really did know markets well enough to short instead of hold/buy at the peaks, then even more billions were he to rebuy around the bottom here somewhere.

      But what the heck, goin against the crowd told him he was right.

      How did the guy ever make billions in the first place?
      Probly the same getting lucky as I got, just hit PMs at the beginning of a bull.
      No brains required. lol

        Jan 30, 2016 30:04 PM

        Very valid points and agree with most of them.

        As for the quote up above, I agree with it in general for many areas of life regardless of who said it. For example: eating healthy when most aren’t, or zigging when many are zagging whether in a car, on the ski slopes, or in following many investment sectors, and often philosophically as well).

        GH
        Jan 30, 2016 30:15 PM

        I agree Sprott isn’t much of a trader. But it stretches the bounds of credibility to think he became a billionaire through dumb luck.

          Jan 30, 2016 30:16 PM

          Yeup!

          Jan 30, 2016 30:20 PM

          Agreed. Sprott is no dummy, and you don’t become and accidental Billionaire 🙂

          However, he has been way off the last few years in riding the bear market down, and lost a lot of money; where he could have magnified his billions in other sectors.

          bb
          Jan 30, 2016 30:19 PM

          I wouldnt think it was luck either, altho there is a scientist on the u tube that will argue the point, uses Gates as his example.

          Anyway, my point was simple, if he really knew how markets worked he would have sold somewhere around the top and been shorting for a few years.
          Until he felt we are close to a bottom and changed to long.
          THAT, would be understanding markets, it is repetitive, has been for how many years?

          Guys predicting a crash make me say duh, the trick is timing it.
          Guys pretending to be psychic calling a bull. Good grief, no kidding, time it. Thats the challenge.

          Trading is a different beast of course.

          Sprott has been basically suggesting buy for the entire drop in PMs.
          wrong move.

          Other than 5% of investable income forever no matter what. lol

            Jan 30, 2016 30:52 PM

            What Sprott sprouts….& what Sprott does can be two totally different things bb.
            If he only did what he said….well his recipe would have turned a billionaire into a millionaire in these last few years.
            But to each their own….some will follow anyone they think they can emulate.

          Jan 31, 2016 31:13 AM

          GOOD ONE GH……………LUCK is where preparation meets opportunity.

        Jan 31, 2016 31:25 AM

        bb……really………….look at the date of the quote………..JAN 2016……

    Jan 30, 2016 30:04 AM

    81% of retail investors are bullish gold. It could go up a little bit, but the technicals say it’s going south pretty soon.

      Jan 30, 2016 30:22 AM

      81% – not a chance. What technicals say it’s going south? More importantly, do you think the miners have too many bulls?

        Jan 30, 2016 30:20 PM

        RSI and ADX ( mainly ADX daily )
        It’s probably going up a bit further, but not much.

          Jan 30, 2016 30:02 PM

          There’s nothing wrong with the RSI or ADX.

        Jan 30, 2016 30:00 PM

        I’ve thought the miners had too many bulls for the last four years. I know there are people that buy the dips, but I’m not buying again until I see a clear bottom. Gold is not even close regarding price. And the stock exchange is about to plummet.
        But yes, many like miners right now. It’s not me ,, yet.

          Jan 30, 2016 30:04 PM

          I mis-stated a bit. I like NUGT briefly, sometimes.

          Jan 30, 2016 30:04 PM

          The only way you can say that many like the miners right now is if you are only going to very mining oriented sites. They have generally never been so despised.

            Jan 30, 2016 30:24 PM

            The 81% bulls could have been phyz investors. It was a kitco article. I believe it, because most bugs I know are bullish. It will be easy to tell when the bottom is in, bank on that. The commercials will bring good miners parabolic in a flash.

            Jan 30, 2016 30:49 PM

            But you didn’t say “bugs” above. You said 81% of “retail investors” are bullish gold.

            Quite a few miners have been in powerful bull markets for a year or more; did you easily spot them when they bottomed?

            Jan 30, 2016 30:03 PM

            I agree that some have been in a bull market. But for me, knowing a stock crash is coming and believing gold still needs to go through a washout phase. I gotta wait until I feel it’s right. Not right for everyone, but right for me.

    Jan 30, 2016 30:35 AM

    The PMs have seen a limited run and gold will attempt to hang up where it is or a little bit higher over the first three weeks in February. Then it starts its’ next move down. The COT commercials also are signalling waning interest in this PM move up. The past week has shown a net increase in short contracts by about 4000 in both gold and silver disaggregated future positions. Next week should show in crease in net short contracts as well.

      Jan 30, 2016 30:10 PM

      Thanks Doc.

        Jan 30, 2016 30:44 PM

        I am wonder if the Negative interest rates in Japan, will have any effect on the COT

          Jan 30, 2016 30:49 PM

          Yeah, that is a new wildcard to deal with.

      Jan 30, 2016 30:54 PM

      A lot can happen in three weeks. Also note that when gold peaked one year ago at $1307.80, combined open interest was 33% higher than it is now while the combined commercial short position was 75% higher and the combined commercial long position was 28% higher. Stated another way, last January’s peak came with commercial shorts totaling about 1.91 times commercial longs while today their shorts are just 1.4 times their longs.

        Jan 30, 2016 30:08 PM

        Yeup. A move up in Gold seems very reasonable in the current economic backdrop.

          Jan 30, 2016 30:27 PM

          It also seems very reasonable with the current technical backdrop.

          For various reasons, big moves are missed by nearly everyone. For example, everyone from Louise Yamada to KER’s own Doc were feeling pretty ok about gold before it crashed in 2013. I was no better and the funny thing is, TA didn’t let me down, I did. A simple look at gold’s weekly chart showed that lots of caution was well advised but I remained complacent along with most of the high profile experts.

          Based on the tuition, that was an elite lesson at the School of Hard Knocks.

          Now compare some simple indicators at that time to what we have today:

          http://schrts.co/AhNl1H

          Yes, plenty still needs to happen for the big picture bullish case but the setup looks a lot better now than it did three years ago.
          With so many people following Armstrong and his numerous plagiarizers, the stage could be getting set for an inverted 2013 type move and very few people would see it coming.

            Jan 30, 2016 30:57 PM

            Wow! Matthew, that is the chart of the week man.

            The RSI, Full Stochastics, MACD, ADX, Chaikin Oscillator, and other indicators all do show a very (almost a 180 degree) different marketplace than in 2013. Those are very interesting observations. Much appreciated.

            Jan 30, 2016 30:01 PM

            Thanks for sharing,
            I doubt there are many (if any) who haven’t at one time or another suffered from that same school of hard knocks Matthew.
            Most will never admit they were actually wrong through their own choices (even if the facts later stare them in the face).
            Its always easier to blame someone else afterall.
            Those who admit they were at fault & move on become more wary next time.
            I’m sure you will be coming towards the next topping pattern.
            Cheers.

            Jan 30, 2016 30:25 PM

            Once bitten….twice shy !

            Jan 30, 2016 30:29 PM

            Great point Skeeta. The school of hard knocks has taught me most of my most valuable lessons in life….but you pick yourself up, dust yourself off, and with an expanded awareness, go for it again.

            Jan 30, 2016 30:40 PM

            Skeeta, I actually did fine with the action in 2011 and the summer run in 2012. I sold miners and a lot of gold for as high as 1910. My problem came later when reestablishing too much exposure too soon.

            On the bright side, I make sure that such lessons stay learned.

            Jan 30, 2016 30:41 PM

            Congrats then Matthew,
            You read it better than me,
            I rode the mining shares up to the high $1700’s in US $ then bailed & took my profits & felt like I knew better than anyone else.
            Some of the Juniors I sold then went & doubled / tripled + after I’d sold them.
            Next time around when I sell out I’ll at least keep at least a small % on the table & let it run further until it doesn’t any longer.
            I think I got out to early I said to the Wife,
            Her reply was you always have…..LOL

            Jan 31, 2016 31:25 AM

            Lol, too early is better than too late!

    Jan 30, 2016 30:49 AM

    I’m sniffing a sea change………… CCF

      Jan 30, 2016 30:51 AM

      must be Oceanagold……………..

        Jan 30, 2016 30:09 PM

        Could be Seabridge Gold.

          Jan 30, 2016 30:18 PM

          Ex; technically, the odds are down over the next few weeks for SA.

            Jan 30, 2016 30:26 PM

            I was kind of messing with EX…….but, he did a great heads up on the above……

            Jan 30, 2016 30:29 PM

            He mentioned that Sprott had Oceanagold in his ETF……..and was a sizeable % which to me is a good heads up…….jmho.

            Jan 30, 2016 30:41 PM

            Wonder if being in the Sprott funds has anything to do with the large amount of shares that Doc mentioned………..

            Jan 30, 2016 30:53 PM

            Thanks Doc. I wasn’t recommending trading Seabridge Gold. I was just joking around with Frank From Moscow about his comment about “I’m sniffing a sea change…..”

            However, in contrast, I really do like OceanaGold and FFM was just responding to my posts earlier in the week regarding OceanaGold.

            Just a little sea-side humor for the weekend regarding Seabridge Gold; but I do like it for the longer term, but agree there is some downside left to shake out.

            Jan 30, 2016 30:01 PM

            EX……….keep us adrift on the changing tide in seaside shares……………. ccf

            Jan 30, 2016 30:04 PM

            Just posted the OceanaGold update below. Yes they have a lot of shares, but they just made 2 big acquisitions and have better operating costs than most of gold miners.

        Jan 30, 2016 30:16 PM

        Frank, I kind of like OGC for technical reasons—fundamentally they’re okay but they sure carry a lot of shares.

          Jan 30, 2016 30:25 PM

          Ya man ( a), Real Gold mining ,IamGold or B2 Gold, or not to be is good for me……

            Jan 30, 2016 30:31 PM

            Thanks Doc………appreciate the comments………and as always your hard work……

          Jan 30, 2016 30:00 PM

          Also, good point on the number of shares…………….

          Jan 30, 2016 30:01 PM

          Doc, I really like that Oceanagold made their 2 acquisitions this year with taking over Romarco that I previously held (and mentioned several times would be taken over), and their purchase of the Waihi Gold mine from Newmont both in 2015.

          They have really improved their overall production, cost basis, and have and exciting pipeline of projects coming down the pike.
          ____________________________________________________________________________

          Here’s some info from their latest company update:

          OCEANAGOLD EXCEEDS 2015 GOLD PRODUCTION GUIDANCE RANGE; CONTINUED STRONG PRODUCTION AND CASH FLOW IN 2016
          26 January 2016

          Key Highlights
           Exceeded 2015 consolidated gold production guidance range with 419,153 ounces produced and achieved copper production guidance range with 23,109 tonnes produced.
           Increased gold production by 36% year-on-year.
           Delivered record annual gold production and throughput at Didipio with 127,086 ounces of gold produced along with 3.58 million tonnes of ore processed.
           Recorded unaudited consolidated All-In Sustaining Costs (“AISC”) of $709 per ounce sold and cash costs of $458 per ounce sold, both within the 2015 cost guidance range.
           Completed commissioning of the Didipio power transmission line; operating on grid power since mid-December 2015.
           Completed the acquisition of Romarco Minerals and took ownership of the Haile Gold Mine in South Carolina, USA.
           Completed the acquisition of the Waihi Gold Mine in New Zealand from Newmont Mining.
           Replaced the $195 million revolving credit facility and Romarco debt facility with new $250 million revolving credit facility.
           Announces 2016 production and cost guidance of 385,000 to 425,000 ounces of gold at continued low AISC of $700 to $750 per ounce.

          http://www.oceanagold.com/wp-content/uploads/160127-OceanaGold-Production-and-Guidance-Release.pdf

            Jan 30, 2016 30:03 PM

            All-In Sustaining Costs (“AISC”) of $709 per ounce works for me…….

            Jan 30, 2016 30:12 PM

            I like the idea …that they are in South Carolina…romar co ble to me………and I am keeping them on my radar, for future visits …they are not to far from the Biltmore ,so a business and pleasure trip might be in order….. ootb

            Jan 30, 2016 30:23 PM

            Yes a business trip to see their Haile Gold mine would be Romar co ble…….

            Rob McEwen really slammed Romarco in his recent interview on Palisade Radio for pushing the raising of funds and moving forward of their mine at the expense of their shareholders. I actually agreed with Rob’s comments, but waited until the very end of the line to take a position in them, and lucked out a little that the Oceanagold takeover was announced shortly thereafter. My whole reason for purchasing Romarco was waiting for them to get taken over, but I didn’t expect Oceanagold to be the company that did it.

            As a heads up, Romarco came onto my radar due to John Doody’s s GSA investor day last year in 2015. That is also where I learned more about Golden Queen, Torex, and Roxgold, and I expect all 3 of those to get taken over as well. He is getting ready to host his GSA investor day again Feb 28th in Ft Lauderdale, FL.

            http://www.goldstockanalyst.com/in-the-media.lasso

            Romarco was one of his top 10 stocks, and I remember seeing him interviewed later where even he was surprised that it ended up being OceanaGold that took over Romarco. Regardless, afterwards, I did more homework on OceanaGold, and became a fan at that time. I have traded them 2 more times since then, and was noting their presence in GLDX which is supposed to be an “explorers” ETF, but they are a mid-tier producer, so my point was that they are an odd choice for that group.

            Jan 30, 2016 30:31 PM

            BTW – If you watch the video on John Doody’s page with Kitco, he mentions Romarco and OceanaGold, but he points out that Goldcorp may make a bid for Detour Gold. I agree that someone is going to make a bid for Detour Gold soon.

            I am very curious to see what his top 10 will be this year for 2016, because he is one of the best I’ve ever seen at targeting takeover targets. I have hit about 10 takeovers in 2015 and made most of my big gains there. My goal is to hit 12 different takeovers in 2016, and I will definitely be peaking at his list.

            Jan 30, 2016 30:13 PM

            I have a small position in OGC and plan to continue purchasing slowly on all pull backs.

            Jan 30, 2016 30:30 PM

            I plan on picking up some new shares in OceanaGold when things pull back in the Spring. They aren’t my ultimate favorite company, but they are very solid, and I feel very comfortable with them weathering whatever storm is left in the PM bear market, and coming out of it as one of the top performers. To me they are now in the same camp along with Klondex, Kirkland Lake, Lake Shore Gold, Detour Gold, Guyana Goldfields, Centerra, Richmont, and Claude as one of the companies doing the right kind of activity and that bottomed in 2013.

            Jan 30, 2016 30:40 PM

            Doc & FFM & anyone else interested:

            Another thing going in OceanaGold’s favor is that they are held in 4 different ETFs as well, and weighted fairly heavily in GLDX, SGDJ, and is the number one stock in GDXJ at present. To me that is also telling of where investors feels their future is heading.

            Global X Gold Explorers ETF (GLDX) – OCEANAGOLD CORP 8.69% holding

            (GDX) – Oceanagold Corp OGC AU 1.77% holding

            (GDXJ) has Oceanagold Corp OGC CN 5.85% as their #1 holding at present.

            The Sprott ETF (SGDJ) has OCEANAGOLD CORP. OGC at a 6.41% holding

            Jan 31, 2016 31:28 AM

            EX ………thanks………………………………………….claw

            Jan 31, 2016 31:26 PM

            always looking for ways to CLAW out a good return.

    Jan 30, 2016 30:04 PM

    Classic bear trap reversal in miners. This is how almost all cyclical trend changes occur. Of course there’s no guarantee the bear is over, but I think one has to give it the benefit of the doubt.

    http://blog.smartmoneytrackerpremium.com/2016/01/charts-of-the-day-30.html

      Jan 30, 2016 30:59 PM

      Thanks Gary. You’re last few video editorials last week were very thought provoking, and I like your new format of annotating the slides as you are discussing the cycles or resistance and support levels. Your analysis and insights are appreciated.

      Jan 30, 2016 30:01 PM

      Excellent charts and interpretation, Gary. Much appreciated.

      Jan 30, 2016 30:04 PM

      More specially, the false break out (BO) downward may be a fantastic catch to call the HUI bottom. We shall see, but great things to contemplate.

      Jan 30, 2016 30:13 PM

      I agree with Gary and noticed the same thing he highlighted with that first chart. Such bottoms store a lot of energy. Here’s my recent version:

      http://schrts.co/h8g3f5

    Jan 30, 2016 30:12 PM

    Incredible chart from SPOCK over at GoldTent showing a possible GDX bottoming pattern: A new chart pattern, I have never seen before, based on curved lines. Fascinating.

    http://goldtadise.com/wp-content/uploads/2016/01/GDX-10.png

      Jan 30, 2016 30:15 PM

      Thanks, that is interesting.

      Jan 30, 2016 30:11 PM

      Good post of that chart. When I looked at it what jumped out at me was that this pattern looks quite a great deal like the sacred geometery pattern the Vesica piscis. Sacred geometry operates using many of the golden mean and phi ratio along with Euclidian geometry foundations.

      https://en.wikipedia.org/wiki/Vesica_piscis

      *Brian, I’ve been finding all kinds of cools stuff on goldtadise so thanks for bringing it up. Very cool analysis being posted there all the time.

      Jan 31, 2016 31:12 AM

      That is an interesting chart for sure. No way to tell which way it breaks out ( up or down ) but it certainly ends a cycle of some sort.
      Fascinating for sure.

    Jan 30, 2016 30:58 PM

    Thanks Gary

    Jan 31, 2016 31:40 AM

    *** A lot of you guys are going to look and sound real stupid on here come next week!
    And just like I did in January I’m going to be laughing my head off!
    You are so damn greedy!

      Jan 31, 2016 31:34 AM

      don’t necessarily disagree Mark, however there is just too much bear talk out there including talking head cnbc. As I pointed out two weeks ago, there was a chance of an additional percent or two below last august low, which happened on intraday basis, and then last week in response to your rant about the past week that we were to collapse. You’re doing it again, and I suspect we will not collapse this week and indeed not likely for the rest of the month into at least sometime in March. The market will likely have some kind of mild pullback to reinforce the bears and then rally once again at least to 1970 or so. That might be the time to look for a profitable short. For the time being I’m afraid you’re a contrarian indicator similar to gary and I wouldn’t want you to develop that kind of reputation. As I pointed out to you last week, buy a call for now and relax it will settle the nerves

        Jan 31, 2016 31:00 PM

        Stop dreaming and wake up………..then you will see!

      Jan 31, 2016 31:31 AM

      You know, Mark. You always say everyone is greedy. Why is that? Every investor try’s to find the most volatile market or stock, because that’s where the money is made. There’s nothing greedy about it.
      It’s not a bad thing to see these markets crash when you understand why they must crash. It’s exciting and fascinating watching it play out, which is necessary.

        Jan 31, 2016 31:28 PM

        +1 Chartster. I thought this was an investing site looking to maximize the opportunities in the resource and energy space…….Not an Occupy WallStreet protest.

          Jan 31, 2016 31:06 PM

          No one is protesting………just telling the truth!
          You just wait, buy the end of this week, you are going to say that I was right!
          Especially by the end of February!

            Feb 01, 2016 01:01 AM

            Mark – you have consistently ranted about all things negative with the economy on a daily basis, and I agree with some of the points you make about the financial system starting to break down, and the BDI.

            Having said that you constant accusation of anyone trying to make a trade on a mining company or oil company as being GREEDY or “SO GREEDY” is getting old.

            This is a website & blog focused around investing in the resource sector in commodities and energy. If you don’t like listening to people discuss investing then why are you even here?

            You mention anyone trying to make investing returns is a Greedy fool or Stupid and you sound like an “Occupy Wallstreet” protester with their head up their backside.

            To be clear I have no love for the establishment or faith in the general markets, but give it rest man……

        Jan 31, 2016 31:02 PM

        IT’S GOING TO PLAY OUT ALRIGHT………..DOWN BIG!

          Feb 01, 2016 01:41 AM

          Gold up, Silver up, Platium up, Palladium up. Those are the assets that many of the show sponsors and contributors cover. Every cloud has a Silver lining……

            Feb 01, 2016 01:43 AM

            Mark – Do you even invest in the resource sector? I’m just curious what drew you to this website. Was it an invite from HH?

    Jan 31, 2016 31:12 AM

    OK – I am posting a list of some of the very small gold producers, brand new gold producers, development companies, project generators, and more speculative gold explorers. I’ve weeded out and taken off 50 of the zombies off my watchlist, but still have a healthy list of companies I’m trying to whittle down to size (about the best 10-12). Anyone have any thoughts, favorites, warnings, or companies to add to this list?
    ___________________________________________________________________________

    Company Name

    ABITIBI ROYALTIES INC
    ASANKO GOLD INC
    ATACAMA PACIFIC GOLD CORP
    AURYN RESOURCES INC
    BARKERVILLE GOLD MINES LTD
    BEADELL RESOURCES LTD
    BRAZIL RESOURCES INC
    CALICO RESOURCES CORP
    CHESAPEAKE GOLD CORPORATION
    COLUMBUS GOLD CORPORATION
    COMSTOCK MINING INC
    CONSTANTINE METAL RESOURCES LTD
    CORVUS GOLD INC
    ENTREE GOLD INC
    ERDENE RESOURCE DEVELOPMENT CORP
    EURASIAN MINERALS INC
    EVOLUTION MINING LTD
    EXETER RESOURCE CORPORATION
    GARIBALDI RESOURCES CORPORATION
    GEODRILL LIMITED
    GOGOLD RESOURCES INC
    GOLD RESOURCE CORPORATION
    GOLDEN ARROW RESOURCE CORPORATION
    GOLDEN PREDATOR MINING CORP
    GOLDEN QUEEN MINING COMPANY LTD
    GOLDQUEST MINING CORPORATION
    GRYPHON MINERALS LTD
    GUYANA GOLDFIELDS INC
    IDAHO NORTH RESOURCES CORP
    IDM MINING LTD
    INCA ONE GOLD CORPORATION
    INTEGRA GOLD CORP
    INTERNATIONAL TOWER HILL MINES LTD
    KAMINAK GOLD CORPORATION
    KINGSGATE CONSOLIDATED N.L.
    LUNA GOLD CORPORATION
    LYDIAN INTERNATIONAL LTD
    MEDUSA MINING LTD
    METANOR RESOURCES INC
    MEXUS GOLD US
    MIDAS GOLD
    MIDLAND EXPLORATION INC
    MIRASOL RESOURCES LTD
    MONUMENT MINGING LTD
    NEW CARIOLIN GOLD CORP
    NORTHERN STAR RESOURCES LTD
    NOVAGOLD RESOURCES INC
    NULEGACY GOLD CORP
    PARAMOUNT GOLD & SILVER CORPORATION
    PERSEUS MINING LTD
    PERSHING GOLD CORPORATION
    PISTOL BAY MINING INC
    PREMIER GOLD MINES LTD
    PRETIUM RESOUCES INC
    RAMBLER METALS & MINING PLC
    RESOLUTE MINING LTD
    RESSOURCES PERSHIMCO INC
    RESSOURCES PERSHIMCO INC
    RIVERSIDE RESOURCES INC
    ROCKHAVEN RESOURCES LTD
    ROXGOLD INC
    RUSORO MINING LTD
    RYE PATCH GOLD CORPORATION
    SALAZAR RESOURCES LTD
    SANDSPRING RESOURCES LTD
    SARACEN MINERAL HOLDINGS LTD
    SEARCHLIGHT MINERALS CORPORATION
    SKEENA RESOURCES LTD
    SOURCE EXPOLORATION CORPORATION
    SOUTH GOBI RESOURCES LTD
    ST ANDREWS GOLDFIELDS LTD
    ST BARBARA LTD
    STARCORE INTERNATIONAL MINES LTD
    SUNRIDGE GOLD CORP
    TERANGA GOLD CORP CDA
    TIMMINS GOLD CORPORATION
    TINTINA RESOURCES INC
    TOREX GOLD RESOURCES INC
    TROY RESOURCES LTD
    TRUE GOLD MINING INC
    URAGOLD BAY RES INC
    WEST KIRKLAND MINING INC

      Jan 31, 2016 31:32 AM

      I still think that Rockhaven is much more promising than the market seems to think.

      It jumped 45% last week:

      http://schrts.co/SFWuVX

        Jan 31, 2016 31:36 AM

        I don’t own it directly but have plenty of exposure through Strategic Metals.

        http://www.rockhavenresources.com/

          Jan 31, 2016 31:24 AM

          Thanks Matthew. I forgot about Strategic Metals. Great suggestion because of their exposure to different projects, including Rockhaven Resources.

          Much appreciated.

            Jan 31, 2016 31:24 PM

            Matthew, Please let me know if as you dig through these if any other jump at you as unique. Almost the whole list is undervalued (except Pretium & Novagold due to their popularity and size).

            I believe there are some real multi-baggers on this list and expanded on a few of them below.

            Jan 31, 2016 31:59 PM

            Wesdome popped into my head when I came to the only “W” on your list. Do you have an opinion about it? It appears to be very similar to Claude in many ways.

            I never took a very close look because I knew that it was/is probably carrying a “John Embry” premium since he is a large shareholder and it used to get promoted on KWN.

            When I took a liking to Claude a few years ago, it was after I set out to find something like it. I wasn’t aware of a single newsletter that was recommending it and it fit what I was looking for (of course, I really have no idea if a newsletter was on it, but I knew of a few that definitely were not). Believe it or not, it was Impact Silver that gave me the idea to look for it. I wanted a Canadian gold equivalent to the little Mexican silver play. Neither seem to be widely followed and both have huge exploration upside and the ability to fund most of their exploration and other expenses with their cashflow. That is now less true in Impact’s case but I do think their situation will improve from here.

            It’s hard to believe that just two years ago, one share of IPT was worth four shares of CRJ and that last Monday, one share of CRJ was worth nine shares of IPT. That means CRJ went up 3,600% versus IPT in two years.

            It’s risky to make the call right now but based on much more than just the following chart, I think CRJ has put in a long term high versus IPT.

            *No one should construe any portion of the foregoing comments as advice to do anything.

            Jan 31, 2016 31:04 PM

            I forgot the chart.

            CRJ:IPT

            http://schrts.co/66F1Qg

            Jan 31, 2016 31:07 PM

            Btw, I did get back to you under the 1/28 Market Wrap, fwiw.

            Jan 31, 2016 31:24 PM

            Matthew thanks for the response on the 01/28 market wrap. I’m on the same page with you regarding crypto-currencies vs Gold, and that confidence in stocks and bonds can be shaken as they are still a form of unsecured debt. Good thoughts.

            Jan 31, 2016 31:37 PM

            Great point about Wesdome; they should have been on this list with the small producers. Based on their recent press release from their underground mine and open pit mine:

            “The total combined production for 2015 was 50,712 ounces, a 3.5% decrease compared to 52,575 ounces in 2014. Gold sales for the year were 49,804 ounces at an average sales price of CAD$1,475 per ounce.”
            ________________________________________________________________________

            That doesn’t seem like as attractive of a cash price per ounce (even in Canadian dollars) as some of the other projects out there, but they would of course have a big leverage to an increasing gold price environment.

            *One thing that did jump out at me on their recent press release was that the head grades for both the underground and open pit mine are going to increase in a big way for 2016. That is going to help the cause greatly and looks very positive.
            ________________________________________________________________________

            “In 2016, production at the Eagle River mine is forecast to range between 43,000 – 47,000 ounces at an average grade of between 8.5 – 9 gpt, a 9% – 15% improvement over 2015’s head grades….”

            “At Mishi, 2016 pit production is expected to improve by at least 15% to between 11,000 – 13,000 ounces at an average grade of 2.4 gpt resulting in total mill production of 54,000 – 60,000 ounces for 2016.”

            http://www.wesdome.com/wp-content/uploads/2016/01/Q4ANDYEFINAL.pdf

            Jan 31, 2016 31:44 PM

            What are your thoughts on Torex Gold? I’ve been following their success for a while and they just became a new producer with their historic first Gold pour at the end of last year. With a projected AISC of $637 per ounce, they seem like a good takeout candidate for a major or mid-tier producer. Any thoughts on Torex?
            __________________________________________________________________________

            This high grade, open pit gold deposit has current measured and indicated resources of 4.77 million ounces of gold at a grade of 2.95 g/t plus 530,000 ounces of gold at a grade of 2.15 g/t in the inferred category. Once in full production, this mine will be amongst the largest and lowest cost gold mines in the world with expected LOM average annual production of 369,000 ounces of gold at a LOM AISC of US$637/oz.

            http://www.torexgold.com/i/pdf/2016.01.14.Presentation.pdf

            Jan 31, 2016 31:52 PM

            Also, I have to ask, what do you think about Kaminak gold? Everyone and their grandmother loves this company. Ross Beaty is a big shareholder, Rick Rule likes it, Eric Coffin & Gwen Preston have covered it at their shows, they’ve endorsed it before on Palisade radio, I believe Chris T. likes it, and it seems to be the darling of the explorer space at present.

            I think there are a lot of small producers that have been forgotten, and other near term producers that seem more exciting, and some other explorers with great potential, but their is no denying the interest in Kaminak Gold by the veterans in the space, so I thought I’d bring it up.

            http://www.kaminak.com/_resources/presentations/KAM_Presentation.pdf

            Jan 31, 2016 31:01 PM

            The other company that has people very stoked is Integra Gold. I had heard others mention them before, but it wasn’t until Brian starting posting those SPOCK charts off goldtadise that they seemed to jump off the page. Since then, I’ve ran into a lot of chatter in the investosphere about the merits of Integra Gold.

            Just curious what people may think of this one:

            Integra’s Lamaque South Gold Project and Sigma-Lamaque Mill and Mine Complex are located directly east from the city of Val-d’Or along the prolific Abitibi Greenstone belt in the Province of Québec, Canada, approximately 550 km northwest of Montréal. Infrastructure, human resources and mining expertise are readily available.

            ** Integra also has this really neat initiative lately to crowd-source how to solve mining their deposit, and they had 1300 entries and the top 5 are going to debate Rob McEwen (who did this same crowd source challenge at Gold corp, Brent Cook (exploration insights), Randy Smallwood (Silver Wheaton), Chantal Gosselin (mining engineer) and Sean Roosen (Osisko) @ PDAC.

            Check out the teaser video:

            http://www.integragold.com/s/home.asp#video/0/

            Jan 31, 2016 31:03 PM

            For that integra link you have to click on the “Gold Rush Challenge” to see the video.

            Jan 31, 2016 31:15 PM

            Here’s the latest release from the small to almost mid-size producer Perseus Mining.

            I really like them, and they have some of their gold sales hedged around $1245 at present which is helping, and they’ve made some nice improvements, but I see them as having some nice upside when gold gets back in the high $1200s again.

            Perseus Mining – REPORT for the Quarter
            ended 31 December 2015

            http://www.perseusmining.com.au/aurora/assets/user_content/20160128_PRU%20Quarterly%20Report_%20December%202015.pdf

            Jan 31, 2016 31:21 PM

            Another company I’ve been mentioning for the last year is Golden Queen Mining. They are fully funded and building out their mine to go into production this year. They remind me of where Romarco was last year and I see them as a prime takeover target. Any thoughts?

            http://www.goldenqueen.com/i/pdf/ppt/presentation.pdf

            Jan 31, 2016 31:26 PM

            Then as for another near-term producer we have Roxgold. They have ore on the pad are scheduled to make first pour in the 2nd quarter this year. Any thoughts?

            Roxgold Inc – Marching Towards Production
            http://www.roxgold.com/i/pdf/presentation/presentation.pdf

            Jan 31, 2016 31:30 PM

            We’ve also discussed Starcore International Mines on here a few times recently, but I like that they are a small producer, debt free, and have made 3 nice acquisitions the last 2 years. Here is their latest corporate presentation:

            http://www.starcore.com/assets/docs/presentations/sam_cp.pdf

            Jan 31, 2016 31:32 PM

            I did well with Kaminak years ago thanks to the Coffin brothers but haven’t followed it since but its chart looks good to me (from a big-picture standpoint). Its long consolidation is likely nearing its end.

            I got a chunk of its 4,600% rise from ’09 to ’11.

            http://schrts.co/hDIL9H

            I owned Torex for awhile but decided it wasn’t for me.

            Jan 31, 2016 31:50 PM

            Matthew – Thanks for your thoughts on Kaminak and Torex.

            As for Kaminak this video from the conference with Gwen Preston and Eric Coffin is good:

            https://www.youtube.com/watch?v=Tz9AahfaCNY

            Jan 31, 2016 31:55 PM

            For grins and giggles…….Here is a chart of Kaminak priced in Torex Gold….

            http://stockcharts.com/h-sc/ui?s=KAM.V%3ATXG.TO&p=W&b=3&g=0&id=p03160828621

            Jan 31, 2016 31:23 PM

            Cannot comment in-line, but I really like Gwenn Preston. Top-shelf PM writer, in my opinion. Only one of 2-3 that I read weakly.

            Jan 31, 2016 31:37 PM

            I don’t know if you’ve followed Roxgold for long; if not,this bit of history might be of interest.

            http://truegoldmining.com/news/roxgold-acquire-balance-interests-its-burkina-faso-projects-riverstone-resources-inc-0

            Riverstone Resources later merged with Mark O’Dea’s Blue Gold Mining to form today’s True Gold Mining.

            Jan 31, 2016 31:50 PM

            Matthew – Thanks for that update on Roxgold. I know they are in Burkina Faso and that area play in West Africa has been getting some attention lately due to True Gold going into production. That drilling company Geodrill operates all over that area (and others) but did drilling for Perseus mining mentioned above, and Gryphon Minerals (also in Burkina Faso and on the list above)

            http://www.geodrillgh.com/

            Jan 31, 2016 31:00 PM

            Brian – I agree on Gwen Preston and I also like Eric Coffin. They have teamed up with Brent Cook and Brien Lundin to do those shows, and have another one coming up soon. That is where I heard about that insitu Copper miner (Excelsior mining) that I posted on the other weekend blog, where I dug in a bit more on Sunridge Gold, and had my interest rekindled in (Nevsun Resources). Also Gwen pointed out the royalty company with projects all over the place (Eurasian Minerals) when she was interviewed here on KER. It is a very interesting company:

            Eurasian Minerals Corporate Presentation:

            http://www.eurasianminerals.com/i/pdf/presentation.pdf

            Feb 01, 2016 01:24 AM

            Dalradian is another gold companythat Gwen Preston has touted, that is exploring in Ireland and the UK. They have a number of well respected executives on their board of directors and some big names as key shareholders.

            Here is the latest corporate presentation for Dalradian:

            http://www.dalradian.com/investor-centre/presentations/default.aspx

          Jan 31, 2016 31:16 PM

          Matthew
          Another GREAT find by you: Strategic Metals.
          In my mind, one can hold interest in MANY of the Canadian “explorers” with out the risk of having to focus on SEVERAL SELECT companies, with the burden of CONSTANTLY having to perform DD and re-evalaute.
          Brian

            Jan 31, 2016 31:24 PM

            I agree, Brian, Strategic’s model is very appealing for a number of reasons.

            Jan 31, 2016 31:03 PM

            good point on Strategic Metals diversification.

      Jan 31, 2016 31:37 AM

      There’s a lot to look at on your list. Thanks for posting it.

        Jan 31, 2016 31:19 PM

        Yes, it has gotten a bit out of control and has far too many names, and my next project is separating the small producers and near term producers from the explorers. The Silver miners list was much easier to do than the Gold list. I also moved a number of the gold companies over to my base metals list as I prepared this list last night/early morning. As I look it over some of these still need to be pruned.

        Just off the top of my head some of the small producers or near-term producers I think make excellent takeover targets are:

        Asanko, Gold Resource, Torex, True Gold, Timmins, Starcore International, Integra Gold, Barkerville Gold, Kingsgate consolidated, Kaminak, Golden Queen, Roxgold, Comstock mining, Paramount Gold, Pretium, Novagold, Pershing Gold, Exeter, International Tower Hill Mines, Rye Patch, and Midas Gold.

        St Andrews Goldfields is already being taken over by Kirkland Lake at present.

        Luna gold was producing, and is working to get back in producing status but was delisted and had tons of bad press (they pulled a Rubicon). I am wondering if they can become turn-around stories.

        *Really Evolution Mining, Perseus Mining, Medusa Mining, Northern Star Resources, Resolute Mining, Teranga Gold, Beadell Resources and even Troy Resources are almost Mid-Tier producers now and should be on a different list.

        GoGold resources is moving over to my Silver list as they measure everything in Silver Equivalent ounces (despite their name).

        Abitibi Royalties & Eurasian Minerals really need to be on the streamers list along with Altius Minerals.

        Geodrill is a drilling company for Jr miners, but shouldn’t be on this list either.

          Jan 31, 2016 31:38 PM

          woops. I just saw Guyana Goldfields was still on the list. Sorry I created this list years ago and at one point they were more speculative. Now they are a producer and should be in with the small to mid-size producers list.

            Jan 31, 2016 31:03 PM

            I really like Guyana and have had a few great trades on them in 2015, but they don’t belong on this list.

            Sorry, the list is kind of a mess, and I’m sorry I posted it now. I’ll clean it up and get 3 lists out with the Small/Mid-size producers on one, the really small producers or near-term producers on the 2nd, and the true explorers on the 3rd. It will probably be later in the week, because I want to double-check a few things on each of their websites and get the most up-to date info.

            Jan 31, 2016 31:07 PM

            I was trying to avoid the bigger Small producers and Mid-size producers on this list because we discuss those all the time, but some of these have graduated up to that list because they have increased their production in a meaningful way in 2014 and 2015. This is another reason why you can’t set it and forget it….. Things are constantly in flux.

            Jan 31, 2016 31:47 PM

            Golden Queen and Barkerville Gold Mines are both interesting but I try to stay away from California and B.C. (British California). I feel better about Burkina Faso.

            Jan 31, 2016 31:51 PM

            What do you think of Gryphon Minerals or Perseus Mining in W. Africa?

            Jan 31, 2016 31:07 PM

            BTW – do you stay away from California and B.C. due to the taxes?

            Jan 31, 2016 31:22 PM

            Matthew – I believe you mentioned you used to be invested in Fronteer Gold back in the day before they were taken over by Newmont. When Pilot gold was spun off and they kept 14 of Fronteer’s other properties, it seems like they are finally hitting their stride now in Nevada and Turkey. What do you think with the 40/60 arrangement they have with Teck Resources in Turkey? It is promising in my mind that Newmont and Teck together own 20% of the company.

            Here is Pilot Gold’s latest corporate presentation. I hadn’t looked at them in a while, but they are making progress:

            http://www.pilotgold.com/sites/default/files/PilotGold_Corporate_January2016_1.pdf

            Jan 31, 2016 31:37 PM

            Perseus looks pretty interesting right now but I need to get reacquainted with it. I have only heard of Gryphon so I’ll have to take a look.

            As for California and B.C., I don’t trust the politicians and the voters who elected them. Too many hate business almost as much as they hate mining.

            Here are the world’s most attractive jurisdictions for mining investment according to an annual global survey of mining executives released today by the Fraser Institute, an independent, non-partisan Canadian policy think-tank.

            Worldwide rankings (Top 10):

            1. Finland
            2. Saskatchewan
            3. Nevada
            4. Manitoba
            5. Western Australia
            6. Quebec
            7. Wyoming
            8. Newfoundland and Labrador
            9. Yukon
            10. Alaska

            Yes, I’m sure Burkina Faso is ranked far below either left coast jurisdiction but I think the perceived risk there is much greater than the actual risk. Plus, most of the execs surveyed have got to be Westerners which probably spells personal bias “baggage.” So I think how they rank their own jurisdictions might be more accurate.

            Even if I am wrong, I would rather stick with the top jurisdictions on the list for my North American exposure and diversify with Mexico, B.F., etc.

            Jan 31, 2016 31:12 PM

            Very good thoughts and I agree that jurisdiction affects a number of areas from perceived risk, to permitting time, to taxes, to disruptions due to first nations or environmental groups, to nationalization, to local currencies, to seasonality of exploration or mining, and more. Jurisdiction is definitely important, however, there are many unique circumstances and in my view each one should be evaluated individually. For example, some don’t like Mexico or worry about the robberies or violence, where others love Mexico and wouldn’t be anywhere else. I have listened recently to some of the reasons to be worried about Chile, and also listed to a few different companies praise the dynamics in Chile as a good jurisdiction.

            I like the top 10 list and tend to agree. Most of my US mining holdings or companies followed are in Nevada, Wyoming, and Alaska, so it makes sense that certain state government and communities are more advantageous.

            Jan 31, 2016 31:23 PM

            Last year after looking into Gryphon, who was exploring in that same area with Roxgold and True gold, and others, I had added them to the list. However, after just going and looking for their information, it appears they went bankrupt last year, and are in the middle of restructuring the assets at present. So the question is who will take over those assets next? I guess for now we can scratch Gryphon off the list. Sorry for the wild goose chase. Last year at this time they were showing more promise, but now they are part of the dust bin of history……. Such is the ending of so many explorers…..

            I would still like to hear what you think of Perseus though. It is not amazing, but because they are small producer, and can more easily reign in costs and control their operations, then if the PM price does come back north of $1250 then they’ll be in a great position to get a multiplier effect in share appreciation. I have never owned any shares, but I’ve read a couple of newsletters plugging it, and wondered if they would grow through acquisitions or get acquired. Just curious….

            Jan 31, 2016 31:29 PM

            Here is an attractive point for Perseus Mining;

            At 31 December 2015, Perseus’s $164.9M of working capital included:

             Immediately available cash and bullion of $99.1M;

             Gold forward sales contracts for 120,267ozs of gold sold forward at an average price of US$1,276/oz
            and valued at $35.3M;

             No third party debt (other than accounts payable in the ordinary course of business).

            Jan 31, 2016 31:31 PM

            I could see them acquiring some other small operations with that kind of balance sheet; or having another company merge with a big operation to get access to their cash and credit to create a larger combined company. Just a thought.

            Jan 31, 2016 31:52 PM

            You are absolutely right that circumstances should be evaluated individually on a case by case basis but I am not willing to do that for the People’s Republic of California. The sate needs to reap what it has sown sooner rather than later and investing there would just undermine that process.

            This is the kind of criminally stupid crap I’m talking about…

            http://www.goldenqueen.com/s/NewsReleases.asp?ReportID=622042&_Type=News&_Title=Petition-Filed-with-the-United-States-Fish-and-Wildlife-Service

            Jan 31, 2016 31:54 PM

            That’s impressive stuff about Perseus. Thanks.

            Feb 01, 2016 01:13 AM

            Excelsior,
            LOL…..Gryphon is far from bankrupt 🙂
            I can only suggest your research should extend a tad further than where you finished it.
            You are currently being led down the garden path as they say !
            They look like a multi bagger imo…..but anyhoo.
            Cheers mate.

            Feb 01, 2016 01:46 AM

            Hi Skeeta – Maybe you are correct and I’m being “led down the garden path” but their website is gone (not typically the sign of a healthy company) and I saw this article from November 2015 that discusses their bankruptcy.

            I haven’t been following Gryphon super close, and just had identified them as being in the mix in that developing trend with True Gold and Roxgold and others in Burkina Faso.

            It sounds like you follow them more closely, so you probably know more about what is going on than I do, but how would you explain this?
            ________________________________________________________________________

            GRYPHON GOLD CORPORATION BANKRUPTCY NEW FILING ALERT: MOTION FOR A PROTECTIVE ORDER/TO FILE A PLEADING UNDER SEAL
            NOVEMBER 27, 2015 – CHAPTER11CASES

            On November 11, 2015, a motion for a protective order/to file a pleading under seal was filed in the bankruptcy case of Gryphon Gold Corporation and its affiliates.

            The filing was assigned docket number 500 and is described on the court’s official docket as follows:

            Motion for Order Unsealing Document Filed Under Seal Filed by JOHN F MURTHA on behalf of G.R. DAWSON HOLDINGS (MURTHA, JOHN)

            Gryphon Gold Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on July 29, 2013. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Nevada. The case number for the lead bankruptcy case is 13-51496. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mike Nakagawa. The law firm of Harris Law Practice LLC is acting as lead bankruptcy counsel to Gryphon Gold Corporation in the bankruptcy case.

            http://chapter11cases.com/2015/11/27/gryphon-gold-corporation-bankruptcy-new-filing-alert-motion-for-a-protective-orderto-file-a-pleading-under-seal-4/#more-328738

            Feb 01, 2016 01:07 AM

            Matthew – I do agree that the State of California is unique and a little wacky…

            Yes that endangered snail debate from 2014 with Romarco was exactly what you would expect from environmentalists in CA. (Long live the snails!!!)

            Personally I would rather focus on this latest press release with Golden Queen from January, showing they are almost done with construction on their new mine and first Gold pour for February 2016, rather than one from 2 years ago:
            ________________________________________________________________________

            January 04, 2016
            Golden Queen Begins Commissioning of Processing Facility and Reaches 95% Construction Completion at Soledad Mountain Project

            January 4, 2016 – Golden Queen Mining Co. Ltd. (TSX:GQM; OTCQX:GQMNF) (the “Company” or “Golden Queen”) is pleased to report that mining and construction activities at its 50%-owned Soledad Mountain gold-silver project (the “Project”) located just south of the town of Mojave, California are proceeding on schedule, with the inaugural gold pour anticipated to occur in February. Commissioning activities have commenced and the first ore has been fed through the crushing circuit.

            Development Highlights

            Project construction has reached the 95% completion mark.

            Commissioning of the Crushing-Screening plant commenced in November and continued through early December.

            Commissioning of the Conveying-Stacking system commenced in early December.

            Full power was provided to the project on December 4th.
            Pad loading of agglomerated ore was initiated on December 15th.

            The Merrill-Crowe facility commissioning is anticipated to commence in mid-January. Ore stockpiling is ongoing.

            Leaching is anticipated to commence in mid-January with first gold production targeted for early February 2016.

            There are now 91 full-time employees in Mojave and all of the senior management positions have been filled.

            Construction is tracking in-line with the budget.

            http://www.goldenqueen.com/s/NewsReleases.asp?ReportID=735811&_Type=News&_Title=Golden-Queen-Begins-Commissioning-of-Processing-Facility-and-Reaches-95-Con

            Feb 01, 2016 01:50 AM

            Ex, you have Gryphon Minerals on your list above, not Gryphon Gold. Gryphon Minerals is far from bankrupt like Skeeta said. Cash on 12/31/15 was $12,868,000 (Aus)…

            http://www.gryphonminerals.com.au/index.php/en/investors-4/asx-announcements?task=document.viewdoc&id=472

            Feb 01, 2016 01:58 AM

            Regarding Golden Queen being almost done with construction, I just want to point out that going into production does nothing to eliminate risks posed by society’s destroyers. You never know what’s going to come out of left field. Pun intended.

            Feb 01, 2016 01:31 AM

            Thanks for the clarification on Gryphon Gold versus Gryphon Minerals. I had not noticed that I had started searching for the wrong Gryphon, and didn’t look at my own watch-list carefully enough. 🙂

            I am glad that you noticed that and reposted the “minerals” web link. I knew they were on that list for a reason, as part of the merging play in Burkina Faso.

            As for the Golden Queen announcement and jurisdiction in California, I do agree that you never know when something is going to come out of “left” field. Funny.

            My point in posting information on Golden Queen, like most of these micro-cap stocks, was looking for potential takeover targets, and companies making real progress despite the low metals prices.

            I never implied that going into production takes away all risk, but I was illustrating the point that the environmental snail roadblock was overcome a while ago and they are moving forward with mine construction, (actually they almost have it completed). I don’t plan on holding Golden Queen the rest of my life or anything, and I was just bringing it up as a potential takeover (or at worst and emerging PM producer) to target and to trade. Just trying to offer tradable ideas, but I appreciate the feedback and cautionary notes about their jurisdiction.

            I posted a few new links up above for the Irish/UK explorer Dalradian (not included on the original list) and right above that on Eurasian Minerals (a royalty, JV exploration company). They both look pretty interesting, so if you have any thoughts they’d be appreciated. Let’s tear em’ apart…..

            Feb 01, 2016 01:39 AM

            Golden Queen Mining Co. Ltd. (GQM.TO) -Toronto  Watchlist
            1.18 Up 0.08(7.27%) 10:10AM EST

            Feb 01, 2016 01:20 AM

            Just to be clear, Golden Queen looks like great situation aside from the state it’s in. It is tempting and you’ll probably be just fine with it. I’m just tired of that particular type of risk as I’ve been hit by it before in a few places.

            I like Dalradian and could easily invest in it at a much later date but it looks a little steep right now considering where it’s at with permitting and development. It is widely covered and widely held, relatively speaking, so I doubt that it will provide the best bang for your buck as we exit the gnarliest bear market this sector has ever seen.

            If you do want it, now looks like a great time to buy at least part of your position:

            http://schrts.co/UWP0oy

            Feb 01, 2016 01:25 AM

            I want to point out that just because I think it’s a little expensive does not mean it will come down materially in currency terms. On the contrary, I expect it to rise with everything else but just not as much.

            Feb 01, 2016 01:34 AM

            Thanks Matthew. Those are valid points on Dalradian, and I really appreciate these discussions where we can dissect the opportunities.

            I like their exploration profile, but you are correct that this year is a permitting year. One of the things that could provide a little boost is that in a few months they are going to release new reserve estimates mid-year, and in the Fall they have targeted to release their Feasibility Study. That is what is require to get the ball moving, so it could provide some lift.

            Maybe I’ll wait until the Summer to eyeball a lower entry point for them.

            Back over to Golden Queen, it just reminds me of a very similar trajectory that Romarco took last year before being acquired. Who knows, it may be a train-wreck, as many companies absolutely run into all kinds of unforeseen problems when they attempt to go into production.

            This is fun looking at these, and there are tons of other ones to discuss as things develop. I’m really just looking for the best 10-12 potential takeover targets or stocks that will have a big leverage in a rebounding price environment.

            I’ll keep digging…..

            Feb 01, 2016 01:55 AM

            In reviewing the Gryphon MINERALS site (not Gold)……. that is still cracking me up.

            I am even more impressed, and on page 6 of their corporate presentation they compare their economics to projects like those for Kaminak, Atacama, Guyana goldfields, Lydian, Romarco, Golden Queen, etc….

            I have West Kirkand on my list which also looks intriguing based on that page.

            Others that I didn’t even know about that now look intriguing are:

            Amara, Aureus, Avnel, and Castle Mountain

            I haven’t done any deep DD on those, but that chart on Gryphon’s presentation has my curiosity peaked now.

            Feb 01, 2016 01:14 AM

            *Piqued. I doubt that your curiosity has peaked. 😉 🙂

            Feb 01, 2016 01:16 AM

            Ha! Yes. Piqued not peaked. Thanks for keeping me on track in miners and my lack of command of the English language.

          Jan 31, 2016 31:20 PM

          EX
          If you were not “out of control” with your usual, over-the -top thoroughness, I would be disappointed.
          Brian

            Jan 31, 2016 31:52 PM

            Ha! Thanks Brian. Did you watch that video on Integra Gold’s website about the crowd-sourced challenge to figure out how to mine their deposit where they are giving away $1,000,000 at PDAC? It looks wise as well as quite the publicity stunt.

            Jan 31, 2016 31:03 PM

            I did. This $1M “contest” made me think they (Integra) is somehow different (and confident)

      Jan 31, 2016 31:20 PM

      Pretium? How does it fit your criteria?

        Feb 01, 2016 01:21 AM

        It is an explorer and near term producer, but is not currently in production (until 2017 I believe). I also believe they are a takeover target by another Mid-tier or Major miner, so they could get a nice spike.

        Both Pretium and Novagold are valued higher than most of the companies on that list, but technically they are not producers, and both will eventually be underneath the roof of a different company.

          Feb 01, 2016 01:23 AM

          In both of their cases much of that has been priced in to some degree, but they both would pop nicely on the news of a merger.

            Feb 01, 2016 01:44 AM

            The same goes for Pershing Gold and Premier Gold mines. (I realize that Premier has the 40% of production in the JV with Barrick) but technically all its other properties are still in exploration mode. I could see both Pershing and Premier getting bought out as well.

      Jan 31, 2016 31:59 PM

      Mahalo Shad.

        Jan 31, 2016 31:24 PM

        Glad to share mj12.

        Any of the smaller producers, developers, or explorers you are liking these days?

      cs
      Feb 01, 2016 01:41 PM

      McEwen Mining Inc. (MUX)
      Is one for the list.
      Looking Great!

    Jan 31, 2016 31:46 AM

    Thank you for posting the charts. My guess is that Dana’s index is measured in USD and your KER-stocks are measured in CND. If that is the case a significant part of the difference could be due to currency.

    Jan 31, 2016 31:31 AM

    Usually management is top priority but now I would consider cash in the bank to be my #1 requirement. My favorite stock is an oil and gas junior SYL-POE, TSX-V (POEFF) Pan Orient Energy with approx. 81 million in the bank, a low float and a strong cash flow selling at $1.19 CDN. Always do your own Due Diligence. DYODD

      Jan 31, 2016 31:38 AM

      Good Oil pick Dick Tracy. I am watching Pan Orient Energy as well, and they have a special planned distribution dividend coming up in mid-February of $.40, which Evin brought to my attention last week. I am wondering if there is still time to get some shares in place before that happens? Do you happen to know the date of record you must have your shares?

        Jan 31, 2016 31:46 AM

        Excelsior, The final vote for that distribution is tomorrow, but you had to be on record as of the end of December 31st 2015. DT

          Jan 31, 2016 31:20 PM

          Darn….. “He who hesitates is lost”

    Jan 31, 2016 31:36 PM

    On PAN Orient date of record Dec.31 2015

      Jan 31, 2016 31:13 PM

      Thanks Texan Mike. I missed the cutoff.

    Jan 31, 2016 31:00 PM

    Stupid!!!!!!!!!!!!!!!!!!!!!!!!!!!

      Jan 31, 2016 31:21 PM

      Mark
      Are you posting to yourself, again? 😉
      Brian

        Jan 31, 2016 31:48 PM

        You deserve everything that is going to happen!
        Fools!

          bb
          Jan 31, 2016 31:36 PM

          lol

            Jan 31, 2016 31:50 PM

            Blinded by greed…………..sad!

            Feb 01, 2016 01:12 AM

            Mark – Why do you even come and post on an investing website, if anyone trying to pick value investing or doing a trade is “greedy” in your lofty vantage point in the clouds?

            Mark – you have consistently ranted about all things negative with the economy on a daily basis, and I agree with some of the points you make about the financial system starting to break down, and the BDI.

            Having said that you constant accusation of anyone trying to make a trade on a mining company or oil company as being GREEDY or “SO GREEDY” is getting old.

            This is a website & blog focused around investing in the resource sector in commodities and energy. If you don’t like listening to people discuss investing then why are you even here? Try end of the world dot com or something.

            You mention anyone trying to make investing returns is a Greedy fool or Stupid and you sound like an “Occupy Wallstreet” protester with their head up their backside and no clue as to markets being a 2 way street with the ability to trade both directions.

            To be clear I have no love for the establishment or faith in the general markets, but give it rest man……

            Feb 01, 2016 01:24 AM

            Blinded! Do you see your markets now!

            Feb 01, 2016 01:35 AM

            Absolutely I see my markets now:

            Gold Up
            Silver Up
            Platinum Up
            Palladium Up
            Vix Up

            Feb 01, 2016 01:36 AM

            Thanks for bringing it UP

    Feb 01, 2016 01:03 AM

    Gold strong against…Canadian dollar, peso, rand, ruble and USD…………..London is even up, maybe the fix, got fixed….lol on the fix.

      Feb 01, 2016 01:14 AM

      Booty Claw……from Moscow,

      Stillwaterfall finally tamed the union fires…..

      Stillwater Mining Employees Ratify Four-Year Labor Contract
      Monday February 01, 2016

      http://www.kitco.com/news/2016-02-01/Stillwater-Mining-Employees-Ratify-Four-Year-Labor-Contract.html

        Feb 01, 2016 01:52 AM

        Holding the local in check for two years……….maybe by that time platinum will be $2000 per oz.

          Feb 01, 2016 01:53 AM

          I did say I like platinum……. 🙂

            Feb 01, 2016 01:54 AM

            Oh, thanks for the update………… appreciate as always……….. OOTB (BOOT confused)

            Feb 01, 2016 01:07 AM

            Yeah I just thought it was an interesting news update, and while they are more focused on Palladium, they still have a lot of platinum and other metals in the mix.

            I also still have a position in Platinum Group Metals still, but it is admittedly underwater at present. I’m not sweating that one though as they have ongoing development in the last address that hasn’t been milked down to the depths, and they are going to utilize the robotic mining to cut down on labor issues and the expense of humans (where possible).

            As we’ve discussed in the past Sibayne Gold (now has a boatload of Platinum exposure and is one of the big 3 in S. Africa now after their acquistions).

            Other wildcard PGM plays (usually coupled with Base metals in tow) that are not part of the traditionally covered sector in S. Africa or with Norilsk Nickel:

            Polymet
            Wellgreen Platinum
            Atlatsa Resources
            Panoramic Resources
            Largo Resources
            * I’m still not sure what to think of North American Palladium as they have done their death spiral, but are still on life support. Will they come out of it, get purchased, or sell everything. Hard to know at this point…..