Gold’s secular bull move. . .and trouble for oil
Doc is back this Wednesday afternoon, the primary focus being on how and why the resumption of gold’s long-term bullish move has gathered steam. He and Chris also discuss near-term trouble for oil.
Click download link to listen on this device: Download Show
Very funny Bonzo but I think you’ll be ok with that purchase.
Osisko Mining looks good, too…
I didn’t know there are 2 Osisko’s.
They brought back the Osisko Mining name since it was better known in the industry as a great exploration team, but is the project generator previously known as Oban Mining.
The other Osisko Gold Royalties is the royalty company with the NSR from the last asset buyout of their Malartic mine. They have other roylaties and equities in other companies inside of this more prominent of the 2 Osisikos.
EX….l see that Corker just removed his name off The VP list of D.Trump……Corker likes his status quo ya think?
Corker is a corker…..and yes, very status quo.
I’ve owned OR for years, since before it was taken over buy AEM and AUY. These guys are worth betting on.
Absolutely Bonzo Barzini. They have a solid management team with a track record of success.
Pt up on heavy volume as Pd looks like it might be forming RT shoulder of H&S.
Doc, I was glad to hear you say today that gold could go up for 3 to 5 years. How high would you guess it could go. Rob McEwen says 5k, others say 10K, and Jim Sinclair says 50K.
Bonzo, I’ll show you an interesting chart in the future concerning the possibilty for gold. I’m waiting for the technicals to confirm a breakdown. Also, how do like the move in PPP. I’ve got a substantial position in that stock and plan to add more—not investment advice.
A close above $2.64 would be positive for the longer term picture, then the $3 and $3.27 prior peaks would be next on the list to take out.. Getting very close to the $.2.64 though.
Primero Announces Resignation of Eduardo Luna From Its Board of Directors
TORONTO, ON–(Marketwired – July 06, 2016)
Howdy Guys
Gold is record overbought so hopefully goes sideways for a bit.
This market has shook near all off. Technical s blew out in the bear and now we get the opposite…Their useless… I mentioned a wile ago and agreed with Mathew that this bull would pull that off….
Also there were some dollar bulls here a ways back……I think Bird….Good luck that ain’t going to happen…Dollar looks to trend down…no crash though. There’s going to be NO increase in rates in the US for some time. Inflation numbers support that.
And all the END OF THE USA fear mongering fools…forget that too. No boom just LOW growth…..But the total end of the EU by maybe 2020…..
Ill take the gold bull month by month but I think its go a WAYZZZ to go!
Oil definitely stuck.
Thanks Doc / Chris
Bill, gold can go MUCH higher from here before becoming as overbought as it was in 2011. It can also remain overbought for many weeks.
GLD:
You could be right! Im not buying any shares at this point. I will ride it out.
Cheers Mathew
I would have hated for you to miss this Bill:
Since Mathew seems to be your new guru I want to remind you of something wise he said over a year ago that pertains 100% to you and your attitude to investing. If you think that I saved this just for you, I did.
On May 22, 2015 at 10:49 am,
• wocsom morf knarF says:
Guys, there’s no such thing as following a guru. Everyone follows their own judgment, that’s all. The difference is that certain types of people like to blame others for their own mistakes.
You know what little nobody me has in common with Moriarty, Casey, Coffin, etc, etc.?
• I have made money and I have lost money with their picks as well as my own. I have turned losers into winners by selling right and winners into losers by selling wrong, but I can’t remember an instance in which I bought something that didn’t give me a chance or many to exit my position a winner.
People who get better at what they’re doing take responsibility for their actions.
• #comment-##
• 
On May 22, 2015 at 11:01 am,
• Birdman says: Great comment Matthew. I agree with you 100%. Especially with the mention that too many traders are quick on the trigger to blame others for their own choices as if none of the choice was in their own control all along.
Bill:
Maybe you should start taking responsibility for your own investment decisions and stop whining.
Mathew has been correct big time and deserves some a little praise….
Bob didn’t you say that the market was in for a correction? Didn’t happen.
What about the dollar was used toilet paper? Its better toilet paper then the other currencies.
Nothings changed in a hundred years. who cares?
If people listen to you we would be using gold / silver to buy our bread…..
You have more opinions over the years than ANYONE out there.
The gulf oil spill was going to pretty much wipe out everything?
We were starting world war 3 for 15 years!??
Your a craftsmen and burying you shitty calls.
Is most of your money under your bed still?
Should we still take delivery of our cert because hypothetical is going to blow up the world?
Big self promotion blow hole…go sell some books..lol
Bill:
You are a idiot. You don’t want to argue opinions, you want to argue facts. I called for a correction on April 28 and from May 1 until the end of May we had a correction. That’s not an opinion it’s a fact.
Stop whining. I am not responsible for your stupid decisions.
Bob:
Your still the man!
https://www.youtube.com/watch?v=_txdqnVP3-c
Ya know what downgrades you intelligence Bob?
Your Ego. I could go on for hrs about things you bold predictions that were absolutly GOING TO HAPPEN.
Most cant forecast more then a couple weeks if that.
Because something hasn’t happened yet doesn’t mean it isn’t going to happen. Anyone with sense understands the Canadian real estate market is a bubble looking for a pin as was the UK real estate market. You do all your investing in the rear view mirror so wouldn’t understand. It’s coming like a runaway freight train and I hope it hits you between the running lights.
Hi Bob
Could you please share your thoughts of when you think the Canadian and more specifically Toronto markets will crash?
Maybe some time line say 3-5 years or more and will it be rates going higher or bankruptcies that start to make this happen. I’ve been told by a few people and have shared on here that it may not be higher rates causing panic and selling this time around like in the late 80’s. One developer and a broker both Jewish with very good vision and well connected that it will be default meaning people selling to cover debts etc. I just don’t see this government in Canada or the stars ever increasing rates.
Glenfidish: Are you talking about the real estate market or the stock market? I’m going to presume you mean the real estate market because that has been the subject of discussion.
All markets move like a pendulum. They move from one absurd degree to the other. Oil is a perfect example. It was absurd at $115 two years ago and just as absurd at $26 in early Feb. Likewise with Real Estate. Real Estate goes up until the mass of potential buyers can no longer afford to buy even a basic home. We are long past that point in Canada. If ordinary people cannot afford a basic house then prices have to come down. Those with a vested interest will come up with a hundred reasons why prices will continue up but they are all nonsense.
The UK market was just as absurd and now 6 property funds have halted redemptions in the country and prices are plummeting. A good site but a bit strident is run by Garth Turner
Hi Bob
Yes I was referring to the housing market! Thanks a bunch for your thoughts.
Repost…..Usawatchdog a good listen to….today.
David Skarika,
Thanks …..l think, l caught this on the 4th. ,but still a good repeat…..
Dave is a good listen to,…have not had him on my list for some years.,since the last run
Great comments at, 10:00 min
OOTB..good explanation of where we are and where we are headed…how does one awaken the masses to the consequences of a corrupt government and financial system…guess i’ll start packing the pontoon with food,guns and ammo….
The latest from Hillary’s lost emails…. A new scandal involving Hillary’s hedge fund manager and son-in-law, Marc Mezvinsky, who is the husband of Chelsea Clinton. In 2012, he set up a Greek bond fund with a special arrangement with none other than Goldman Sachs expecting a bailout to boost Greek debt values. It seems hedge fund manager Marc Mezvinsky placed a huge bet on a Greek economic recovery based upon the political expectation of a bailout for Greece going through. From email fragments, supposedly erased… His Secretary of State mother-in-law allegedly seems to have been sharing classified information to help her son-in-law.
Hildabeast strikes again…and gets away with it…
Is there no limits to hilly, we are in the end game.
Gator ….Ditto
Gator: July 5, 2016 will go down in history as a day of infamy. Hillary Clinton, Bill Clinton, Obama, Loretta Lynch and James Comey have written their epitaphs. The rule of law is over. What the FBI did is shameful but what amazed me the most was the brazenness of Bill Clinton confronting Lynch. They don’t even hide their corruption any longer.
I highly suggest that Hillary threatened to blow the whistle on 911 about how mach a part our government played. Everything that is happening is a false flag operation.
Should Hillary be elected, we will be at war before January. She has made her intentions clear as has Putin.
Great comments Bob
Robert..I think the end game is upon us..Never thought I would see this in my lifetime..I can remember the good old days of Eisenhower when debate was encouraged from both sides. Yimes have changed and not for the better..Thanks for your above comment. It rings true.
Gator: Yup. I shudder at what the world thinks of the Boobsey Twins running for president. I’m ashamed at what the US has turned into.
One slight word of caution on gold today…….volume appears to be dropping off a bit.
It should pause only a few dollars higher because of resistance.
Price Support Pivot Point Resistance
1,367.29 1,331.27 1,350.47 1,369.67
E.,….Hilly thinks they should be free, because the new colleges are going on line,per University of North Carolina. That way they can have advertisers pay the freight.
Royal Gold, Kinross Gold, and BHP Billiton were upgraded today while Netflix, Harley Davidson and Anheuser-Busch were downgraded.
Great Day!
Matthew – have you ever looked at a very small explorer – Frontline Gold Corp?
They operate in Turkey, Ontario, and Mali. I started getting intrigued by them when I was reading about 3 their different tailings processing centers in Turkey recently, because I like when companies can turn lemons into lemonade. The processing of old tailings can be lucrative, but it wasn’t enough upside for me to give it much more thought.
There was a press release today from Abitibi Royalities that got my attention, where they loaned them more money to fund a tiny exploration program on their Menderes property that surrounds Eldorado’s mine on 3 different sides. I know Rob McEwen is a primary investor in Abitibi Royalties and their strategy is to target exploration around existing mines looking for a continuation of that trend. Obviously this is a very speculative play at this point, but Abitibi’s continued investment in Frontline Gold Corp has my curiosity piqued. What if they did find a continuation of the veins near Eldorado’s mine?
________________________________________________________________________
Abitibi Royalties Increases NSR Royalty to 3% on Menderes Project That Surrounds Eldorado Gold’s Efemcukuru Mine
Marketwired – (July 6, 2016) – Abitibi Royalties Inc. (TSX VENTURE:RZZ) is pleased to announce that it has entered into a binding Letter of Intent with Frontline Gold Corp to acquire an additional 1% net smelter royalty (“NSR”) on its Menderes Gold Project, increasing the Company’s NSR interest to 3%. The Menderes Gold Project surrounds Eldorado Gold Corporation’s Efemcukuru gold mine in Turkey on three sides….”
Frontline Gold’s Proposed Exploration Program
“Frontline has informed the Company that it intends to begin a 2,000-3,000 metre exploration drill program at the Menderes Gold Project in September-October 2016. The proposed exploration program includes 5 drill holes that would target possible extensions of the veins found at Eldorado’s Efemcukuru gold mine.”
Frontline is a Canadian junior mineral exploration company with an experienced discovery team and a proven record of accomplishment. The Company’s principal properties include the Menderes gold project in the Izmir province of Western Turkey, the Flint Lake and Sandhill Lake gold projects which are adjacent to Chalice Gold’s Cameron Lake Gold Deposit in Ontario and the Niaouleni gold project in southern Mali in the heart of West Africa’s prolific gold belt. Other Canadian exploration properties include its Red Lake (gold) property groups that include the Whitehorse Island Mining Patents.
Here is the most recent press release from Frontline Gold Corp on their Tailings processing:
___________________________________________________________________________
Frontline announces an increase to the Loan funding to advance production at its Keban and Kambertepe Tailing Projects
(June 22, 2016)
I’m not familiar with Frontline but I think management would be wise to update and overhaul the corporate presentation.
http://www.frontlinegold.com/i/pdf/FGC_Corp_Pres_Winter_2014_Jan_2014.pdf
Ha! Agreed. Winter of 2014 is a bit stale heh? 😉
This is why I was just posting the recent new releases, because they paint a more complete picture than the corporate presentation does.
At least on that map you can see how their property in Turkey surrounds both Eldorado Gold and Newmont’s properties, so they do have a very strategic land package there. They also have the Ontario and Mali properties that are also right next to producing mines, so I like that strategy.
I only recently started following Frontline Gold, because of the article about them moving forward with processing the 3 tailings recovery projects in Turkey. Processing those assets will put them in metals production this year with a few well-endowed piles of mine waste that are rich in Copper, Gold, Silver, Zinc, Iron. There are a few other companies that are targeting the mining of old tailings (like Avino Silver & Gold) and that seems like easy money with rebounding metals prices.
Just a thought….
Wow, that Abitibi Royalties has quite a chart. The weekly RSI is 92 but the Stochastics still show no sign of rolling over…
Yes, I follow Abitibi closely and like the young CEO that is a protege of Rob McEwen; and that is why I was interested in their additional financing of Frontline Gold.
They have some solid royalties in place and they’re investing in early-stage exploration companies that are next to operating mines (takeover targets) to acquire more royalties. I believe their interest in Frontline Gold Corp is that it completely surrounds the Eldorado mine in Turkey.
There are actually a number of the Royalty companies & Project Generators with unique JV relationships like Abitibi Royalties. I know you like Strategic Metals and Globex, but there is also Osisko Gold Royalties, Osisko Mining, Altius Minerals, Aurico Metals, Globex, Transition Metals, Arena Minerals, Millrock Resources, Midland Exploration, and eventually when First Mining Finance starts selling properties they’ll be acquiring the royalties along with the sales. Fun stuff.
One way I find new exploration companies to put on my watch-list is to follow the royalty or streaming dollars. If other royalty companies are funding an exploration company, then I figure their experts and internal analysts have already vetted that company and believe in the project. It doesn’t always work out, but I feel that the streamers and royalty companies are better at picking the exploration and development winners than the Major and Mid-Tier companies are when they fund exploration. However, I often look for small Jrs that the Majors or Mid-Tiers have a strategic investment position in (like how Hecla had one in Dolly Varden).
*** By the way, I forgot to mention one of my favorite royalty companies (Eurasian Minerals) in the list above, which is sad because I am a shareholder in Eurasian. 😮
I mentioned this one a few times this year already, and have posted this in the past but Eurasian Minerals (EMX.V) or (EMXX) has done well. They have been covered by Gwen Preston & Eric Coffin at their investing conferences in the past.
__________________________________________________________________________
Eurasian Minerals Corporate Presentation:
[check out pages 6, 7, 9, 10]
Eurasian Minerals – We Are A ROYALTY Generator!
Published on May 26, 2016
Proven & Probable’s, Maurice Jackson has an exclusive interview with Eurasian Minerals, President, Director, and CEO, David Cole as he discusses the value proposition for investors regarding Eurasian Minerals. Mr. Cole highlights the merits of Prospect Generation, and specifically the 3 prong approach via Prospect Generation, Royalty Purchases, and Strategic Investments, which has been very successful for Eurasian Minerals’ organic growth.
One other thing that impresses me with Eurasian Minerals, besides their diversification in different commodities and jurisdictions, is their JV Partners:
– Newmont
– Rio Tinto
– Freeport-McMoran
– Desert Star
– Arizona Mining
– Ely Gold
– Black Sea Copper & Gold
– Pasinex
– Dedeman Madencilik
– Land & Mineral
– North Queensland Mining
* and there is buzz about a new potential deal with BHP
They also have royalties on the Reservoir Minerals (now merged with NevSun).
0 Warrants
No debt
multiple royalty streams coming online over the next 2 years….
I could see this stock trading at a 3x – 5x multiple from where it is at currently by 2018.
So glad I bought RGLD@27 this year. Hope the OR i bought today does as well. And I hope Bob Moriarity is right about NSRPF. Matthew, have you ever checked the NSRPF website?
I took a look at Novo Resources when you first mentioned it months ago and it does look like a promising operation.
Their website is a good place to start for those who might want to take a look at it:
Matthew, I’m glad you did not give NSRPF a thumbs down. It’s Jay Taylor’s largest holding.
If their theory is correct they could be onto another Witwatersrand.
Oops, I meant to post this:
http://www.tfmetalsreport.com/blog/7721/deepening-fraud-comex-silver
CFS…Read it earlier , very interesting regards silver. It’s worth the read Folks.
Wales and Portugal tied 0-0 at the half. Go Wales.
Bonzo, PPP.
It will be very bullish if it takes out $2.64 on a closing basis.
(two prior peaks at $2.63 and $2.64)
that target was in reference to PPP Primero.
Oil made a nice triple bottom and may build some strength but the rally was a little weak but it has picked up to 47.77 at around 4:35pm. This has helped recover the market with almost a 2100 close.
Dan Stinson at e-wavecharts.com shows gold reaching 1500. It tries a few times to breech it but doesn’t and retreats back to 1300.
He shows resistance at 1530 if we want to see gold continue up.
I think due to world events, gold will finally retreat back to 800. But this is not anytime soon. Probably in 2020 or so. He doesn’t provide dates.
On Tuesday’s blog I’d posted a similar press release, but just a heads up that Cyprium Mining Corporation (CUG.V) (DFCPF) just restarted their silver mine this week.
__________________________________________________________________________
Cyprium Mining announces start of production at the Potosi silver mine
MONTREAL, July 6, 2016
Bring on the RESTARTs!
Who’s next – Aurcana? Alexco? Nicola Mining?
With Silver back up near $20 it has to be crossing their minds.
Also- Many of the smaller producers like Americas Silver Corp, Impact Silver, Great Panther, Silvercorp, Avino Silver & Gold, Minco, Sierra Metals, etc… will be quite profitable at these levels as will the Mid-tier and Major Silver companies.
Once Silver finishes this slight reversal down, if it can bounce and climb into the low-mid $20s and consolidate there, then silver stocks will keep on trucking, despite how far they’ve already climbed this year, as their free cash flow increases. Fun times.
Correction above Minco is a development company….. but their ounces in the ground are going up as well with Silver’s rise, like with Arizona Mining, Mirasol, Kootenay, Orex & Canasil, Bear Creek Mining, Dolly Varden, Defiance, and Bayhorse.
For anyone following the Lithium space, this is interesting news for Neometals (RRSSF):
They are actually near-term producers with their 26.9% stake in Mt Marion along with Jiangxi Ganfeng Lithium Co., Ltd 43.1% stake, and the operator Mineral Resources Ltd with a 30% stake.
Mineral Resource Estimate increases 160% to 60.5Mt
Check out (Page 24) of the NeoMetals Corporate Presentation for their timeline into processing and shipment of Lithium products this quarter (ie…not a fluff marketing story, but a real production story and partnere with the #4 largest Lithium company on the planet Jiangxi Gafeng – who is largest LI company in China and who have partial ownership of Talison Lithium in Australia).
On July 6, 2016 at 2:01 pm, Robert Moriarty says:
Bob I have no doubt you know a lot of shit.
Waiting around and talking about the financial system collapsing since what yr 2000?? Is bizarre. Even Al K was shaking his head way back. I know a lot of people that followed your fear mongering. Turned in to preppers and didn’t turn out that well..don’t have time for details
“you can be rich or poor” you said…Gold equities crashed with everything else….You along with others have been talking the DOW down for ever….Investing in volatile resources KILLED even the smartest investor.
Its pure gambling….There is a way to invest smartly and gambling in resources assures no guaranteed future.
I sold a resource hedge fund and advised them to get out way back and they are off the board now taking people I knew that held……sad for them. I made money 2013-15 avoiding resources…These are non hold scary investments..
I have commercial RE and its still booming…Where can you put 25-30% leverage and be very wealthy in 20 years and sleep at night. Not in any stock market.
I could give a shit about the news and the global issues. If your addicted to looking and promoting black hole that’s your problem and you should see a doctor.
If you think a huge HVAC company renting one of my commercial spaces is going to shut down if the world have another Glitch think again….Unless the majority of people shut down their heat and air..That’s actually called investing and not gambling and speculating.
I know a ton of wealthy off RE and 1 off gambling.
As for this idiot Paid off my first house at 27.. I’m at the top 5% and that’s because I’m stupid right?
You may be in a pine box before we blow up…17days…17 yrs I don’t give a hoot…
Your old and board so what do you do eh?
Bill:
Why don’t you share with the board the hundreds of threatening emails you have sent me and the constant message that I am responsible for your investment decisions?
You need to grow up and take some responsibility. The fact that I saw a coming financial collapse of the system in 2001 (not 2000) is hardly proof I don’t get it. It’s proof I did get it long before most. The financial system collapsed in 2007-2008 as I predicted and it’s been a dead man walking ever since. And what is coming is going to be far worse than 2008. If you survive I will be shocked. I’m never surprised that a fool and his money are soon parted, but always surprised that a fool manages to get together with money in the first place.
I am not responsible for your investment decisions, you are. Grow up.
Ill let everyone know……
I personally know 6 Bills. Most became obsessed with PMs….
One I know was wiped out from the silver pumpers. I told him I was selling at $49 and DID…..He didn’t listen to me..He also panicked sold his duplex 250k now worth 400k and would be paid for…I would have bought it if I had known….Tangibles are not going to evaporate like paper…
He was ready to jump out of a building…and what? its Its all his fault for taking advice….This is a dirty business where its ALL GREY…People can sell you…. advise you and have NO accountability at all…..Check out what Sprott did to his investors.
I SAID THAT THERE ARE TONs OF DOOMERS that are opportunist…..most belong in JAIL….
Your a doomer and a gold bug period…..HTF do you know where my assets are?? Yes we saw how land disappeared in the 30s?
I don’t have a fricken cent in the general stock market…..
Believe it or not I do appreciate some of your advice but you were more a SUPER KNOW IT all in the past..Its obvious your horns have been pulled way in……
What if Govs just wipe out the debt and Start over? What are they going to gather up all the houses and other tangibles??
Knowbody Knows ANYTHING and KNOWBODY know how this will play out..
If you think my buildings will drop 90% like resource shares you are out to lunch.
Do I care if the buildings go 50% Vacancy lol
Heres the fools.
https://youtu.be/-RRSfBceIWs
Bob
Money seems to be your god….you have trouble then.
This fool could lose all his money and I would still be wealthy because its not that important to me…
The system could go down for months…my ass is covered…..easily…
Bill:
Like most of your nonsense you made that up. I operate a free website, I don’t need to work and I certainly don’t have to tolerate fools such as you. Stop whinging, grow some balls and grow up.
You are the guy whining constantly to me about how much money you lost through your decisions.
Bob You must be clairvoyant…
NO I DIDN’T The guy waz a 45 yr life long friend and does not talk to me at all anymore.
The guy fuking wiped him self out reading the doom and groomers. Last name is Swanson…
The planet could shut down for 6 months and would affect me….jeeze you seem to know everything.
The diff between you and I is you could never admit your wrong.
You should run for President and make a real difference in your so god dam smart?
Another guy
Jim Arnold same deal…didn’t lose everything but sure can’t stand you.
Doesn’t talk to at all now and I did F-all…
I was just remebering as well.
The promoting of the end of cheap oil? Howz 30-40$ a barrel?
What about the future of electric. 90% of transportation will be electric in 10-15 years.
Theres things coming that dinasours cant see. These are white swans already landing and to think how many were pumping the doom end of oil. Omg all crap.
Bob you mentioned that the grocery shelve would be empty? While if you bought canned food on that one it expired.
Bob you made some great calls and some brutal ones.
Im more prepaired then anyone anywhere lots of food land generators ect
No debt tons of cash.
Me blow up laughable. Seriously people come to me cause i can fix and build anything. I may be one of the least foolish person s you should ever meet.
Good luck on your island. Peace out.
Doc, you and Matthew might want to short Osisko OR as I bought some more of it this morning. This is not market advice. Long term it should do well.