Market-opening comments from Doc and Chris
Doc and Chris comment on a modestly higher open on Wall Street, the euro, soft commodities, the precious metals, crude oil and MUCH MORE!
Click download link to listen on this device: Download Show
Agreed. Good thoughts.
Excelsior:
Haven’t had a chance to tank you for all you posted several days ago in response to my question on UEC. I’ve added and plan on holding for a while.
Seriously……….thank you for your time and thoughts. Have a good one.
thank, not tank.
Right on Silverdollar. Yes, there were a number of great interviews posted with Amir that do a great job over-viewing their position in the Uranium sector. Longer term they’ll be many multiples higher in share price, and I really like their hub & spoke approach to their insitu mining strategy. Whenever spot price does finally start to move up substantially, then they’ll be sitting in a sweet spot.
Best of luck to you in your investing sir.
While on the topic of Uranium miners……
__________________________________________________________________________
Fission Uranium Drills Now Turning at PLS; Focus on New Zones and Regional Exploration
KELOWNA, BRITISH COLUMBIA–(Marketwired – July 7, 2016)
I don’t know whether it is because they tend to have higher dividends of because they were hard hit during the oil price drop, but oil service stocks seem to be holding up fairly well the last couple of weeks.
The oil service index is up over 3% today!
SANDSTORM GOLD ANNOUNCES 12,500 GOLD EQUIVALENT OUNCES IN Q2, 2016
Vancouver, British Columbia | July 7, 2016
http://www.sandstormgold.com/news/2016/index.php?&content_id=502
Trevali Declares Commercial Production at Caribou Zinc Mine Following Record June Performance
VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 7, 2016)
Centamin PLC Q2 2016 Preliminary Production Results
PERTH, AUSTRALIA–(Marketwired – Jul 7, 2016)
Richmont Mines: Strategic Phase 2 Exploration Program Launched at Island Gold – High-Grade Resource Potential Identified Laterally and at Depth
TORONTO, July 7, 2016
First Gold…Now UBS Upgrades Silver Price Forecast
Thursday July 07, 2016 – By Neils Christensen
http://www.kitco.com/news/2016-07-07/First-Gold-Now-UBS-Upgrades-Silver-Price-Forecast.html
Gold & Silver To Be Last Currencies Standing
> Peter Boockvar – Thursday July 07, 2016
http://www.kitco.com/news/2016-07-07/Gold-Silver-To-Be-Last-Currencies-Standing-Peter-Boockvar.html
Bond market is in an ‘epic bubble of colossal proportions,’ says Peter Boockvar
CNBC By Brian Price – 5 hours ago
https://finance.yahoo.com/news/bond-market-epic-bubble-colossal-110000460.html
Peter is making the rounds today in the media; – It may be fun to get him back on the KER sometime soon to discuss Gold/Silver, and his views on the Bond markets.
But does it matter much? There is no free market in bonds.
Central Banks have manipulated interest rates by their purchases.
Eventually they will try to buy AS MUCH AS THEIR BALANCE SHEETS ALLOW, to keep interest rates low.
The only thing which limits them is the strength or weakness of their currencies, but all the central banks have been colluding and taking it in turns.
The world has a debt problem, which is getting worse every day.
The only question is that when the system breaks, will the revolution be violent or not?
The Governments know what is coming and they have been preparing for years.
It looks like the future will not be nice, or fair to all.
Queen – Bohemian Rhapsody Lyrics
“Is this the real life?
Is this just fantasy?
Caught in a landslide
No escape from reality
Open your eyes
Look up to the skies and see
I’m just a poor boy, I need no sympathy
Because I’m easy come, easy go
A little high, little low
Anyway the wind blows, doesn’t really matter to me, to me
Mama, just killed a man
Put a gun against his head
Pulled my trigger, now he’s dead
Mama, life had just begun
But now I’ve gone and thrown it all away
Mama, ooo
Didn’t mean to make you cry
If I’m not back again this time tomorrow
Carry on, carry on, but nothing really matters….”
Nothing really matters.
Easy come ,easy go
True dat.
….speaking of Peter’s in the media, here is a new article from Peter Brandt:
Silver and Gold Confirm Bull Market
July 6, 2016/by Peter Brandt
https://www.peterlbrandt.com/silver-bull-market-gold-bull-market/
gold in canadian (this moment) is 1768, wasnt the all time high in canadian 1787?
Just under american but canadian was a bit stronger then.
This bouncing off the all time high should mean something, if we cant get thru maybe its down, should we break thru, and it could be up and away.
Does that about discribe the situation?
Doc, I sold my CDE at 12.06 this morning, looking for something better. CDE has gone from 1.62 to 12.20 since Jan.
Well done!
Bonzo, good for you. I’m looking at some of these and asking myself whether I should do the same. I’ve committed to being a long term holder now but it is tempting to take some profits.
I’m a long term holder too, but now that CDE has gone up so much I think I’d rather buy more OR or PSLV, or finally buy some OCANF. I’m thinking of selling some ABX too and buy something better.
Timely article on Market Watch: http://www.marketwatch.com/story/how-many-chances-do-investors-need-before-they-sell-high-2016-07-07
What I find amusing is the heavy resistance to the idea the author raises in this article throughout most of the comments section below the article.
The reactions by many of the commentators underneath the article is exactly why the sheeple get fleeced over and over…..recency bias, the belief the stock markets must always go up, and the inability to reallocate and rebalance their holdings as recommended.
ICE upped their margins on the PMs.
Operation Wet Blanket…..
snuff out the spark before it turns into a run away fire…..
The margins are raised whenever the metals start to get heated up.
I believe platinum is about to breakout, there are very few juniors active in this space, why? Unlike gold the recoverable deposits are fewer and far between and it has industrial properties which make it even rarer but the market has not yet caught up to this opportunity and it will be HUGE!
TSX- WG, DYODD
Good thoughts Dick Tracy.
My favorite companies in the PGM mining space are Platinum Group Metals (PLG), Stillwater Mining (SWC), Wellgreen Platinum (WGPLF), Ivanhoe Mines (IVPAF), Polymet Mining (PLM), Eastern Platinum (ELRFF) and Largo Resources (LGORF). I’m watching with interest Atlatsa Resoruces (ATLRF) and Panoramic Resources (PANRF). In addition, it will be interesting to see how Sibanye Gold affects the PGM space with their acquisitions over the last 2 years.
I’ll post my PGM watchlist below and would appreciate any feedback on other companies people may be following not on this list, or companies on here to keep an eye on:
__________________________________________________________________________
PGM Stocks Symbol
ANGLO AMERICAN PLATINUM LTD AGPPY
ANGLO PLATINUM LTD AGPPF
AQUARIUS PLATINUM LTD AQPTY
ATLATSA RES CORP ATLRF
CONDOTO PLATINUM N.L. CPD.AX
EASTERN PLATINUM LTD ELRFF
IMPALA PLATINUM HOLDINGS LTD IMPUY
IVANHOE MINES LTD IVPAF
JUBILEE PLATINUM PLC JUBPF
KENMARE RESOURCES LTD KMRPF
LARGO RESOURCES LTD LGORF
LONMIN PLC LNMIF
MMC NORILSK NICKEL PJSC NILSY
NKWE PLATINUM LTD NKWEF
NORTH AMERN PALLADIUM LTD PALDF
NORTHAM PLATINUM PROPERTY LTD NMPNF
NOVX21 INC PORMF
PANORAMIC RESOURCES PANRF
PLATINA RESOURCES LTD PTNUF
PLATINUM GROUP METALS LIMITED PLG
POLYMET MINING CORPORATION PLM
SIBANYE GOLD LIMITED SBGL
STILLWATER MINING COMPANY SWC
SYLVANIA PLATINUM LTD SLP.L
WELLGREEN PLATINUM LTD WGPLF
WESTERN AREAS NL WNARF
ZKB PALLADIUM CORPORATION ZKBPF
PGM – Funds and ETFs
PHYSICAL PALLADIUM SHARES PALL
IPATH BLMBRG PLATINUM SUBINDEX TR ETN PGM
PHYSICAL PLATINUM SHARES PPLT
E-TRACS UBS LONG PLATINUM PTM
SPROTT PHYSICAL PLATINUM & PALLADIUM TRS SPPP
We’ve posted numerous thoughts on why companies like Platinum Group Metals, Wellgreen Platinum, Polymet Mining, Stillwater, Ivanhoe etc…. in the past on KER.
Here is a link to a KER blog in May where we discussed PGM companies near the top:
http://www.kereport.com/2016/05/21/gold-fed-minutes-brexit-vote/
Here’s a link to another older KER blog thread where we really got into the PGM miners and in specific I posted quite a bit on Wellgreen Platinum & Ivanhoe Mines.
Most of it is up close to the top of the blog started when OOTB said “hello platinum”.
http://www.kereport.com/2016/04/28/lot-talk-todays-market-wrap/
Another KER show from a few months back where we again focused on the PGM miners near the top of the blog. We got into a few of the lessor known Jrs in the Platinum & Palladium miners in Australia and N. America. Some info on Wellgreen Platinum was also highlighted here as well.
http://www.kereport.com/2016/04/22/divergences-markets-today/
There are a bunch of other and older KER shows going back several years where we discussed Stillwater, Platinum Group Metals, Wellgreen Platinum, Eastern Platinum, Polymet, Sibayne Gold, North American Palladium, Imapala Platinum, etc…..
Just do a search up above for some of those names and you’ll find the old shows, articles, corporate presentations, editorials, charts (that will need updating of course), and other pertinent info in the PGM sector.
Cheers!
Chris: Thanks for posting earlier than usual. Refreshing.
Yes, we’re back in the conventionals where we were in early April and literally back to December of ’14. Traders have had chances to make a few bucks several times in the interval but the typical mutual fund holder (401-k holders) have seen nothing but lots of churning. I like Doc’s ideas and also yours that basically say there are some reasonable buys if one picks correctly and does their due diligence but the vast majority of the public holdings have gone nowhere. JMO