A Technical outlook for Hecla Mining, Skeena Resources and Corvus Gold
Rick joins us today to give us a technical outlook on the following stocks…
- Hecla Mining – NYSE:HL
- Skeena Resources – TSX-V:SKE & SKREF
- Corvus Gold – TSX-V:KOR & CORVF
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Skeena tried to take over Dolly Varden last year but failed, and then DV approached Hecla for a loan, which resulted in the Hecla takeover offer!
Fascinating interesting analysis on individual gold equities from Rick, although
I’m not buying them for reasons stated on this site.
I do like the diversity in the new analysis covering some of these companies.
Anyway, its going to be a major challenge and a tough line to tow with what
I see coming. Paper is paper.
When the world war is over and the bring in the new
financial system that will be the time to purchase gold
equities for pennies. First and foremost, I will need to
survive all the collateral damages.
First things, first. Too many have put the cart in front of
the horse. That’s a zero sum game.
Shoot, I will buy the entire mine after the dust settles with
war. Stock exchanges will be shut down.
Things are going to get immeasurably very interesting.
The Club will make sure of that. They do it every time.
The biggest red tag sale in history is coming. 99 % off.
Doing the math, its the very reason those who have physical
will be in the drivers seat with all the exchanges are closed.
They will be buying up assets for pennies while the paper
holders are still scratching their heads. How did this happen.
You don’t buy precious metals in the form of any paper
whatsoever if you expect to be controlling your wealth.
Then again, keep scratching your head while the physical
holders are making moon shots.
The Elite Club have another big fire sale coming because
everything is overvalued. It serves them well.
Then again, suckers are born everyday. Going to be on a
scale 10 times worse than 09. Maybe even multiple times
worse for bag holders. We got bag holders in spades out
there.
The whole world is holding an empty bag with
R.E. notes/mortgages , unsterilized toxic
government bonds, equities and all forms of
paper assets. Its all toxic and perilous to anyone’s
finances.
Not going to take much to topple this highly delicate
fragile leveraged system into a burning inferno.
The Elite Club are fully aware and already manufacturing
the next crisis and biggest fire sale in the history of
mankind.
After the dust settles, they plan on buying everything for
pennies. Rule and enslave mankind. This puzzle is so
simple but yet people would rather believe in wild
fantasies.
Major inflation or hyperinflation was always
manifested through out history after financial
panics and depressions etc.
Not at the top of a business cycle like now.
Everything is overvalued and PM’ s are going
down with the system. Gold equities will get
creamed, if not completely obliviated.
All this rally is and will be identical leading up to
the 08 crash.
The trend is most likely in a major down trend. The
odds are very high.
Anyone who is bullish, has it all wrong. When the
greed sets in people lose their better judgment
blinded by future dollar signs.
That’s how it always is. This is NO GOLD BULL.
Thats no bull because I’m proving it.
As you are aware we share this philosophy.
I was fully unaware Al we share the same
thoughts/ analysis.
The unexpected with regards to the coming
crisis that is certainly coming might be fast
and furious. War will definitely push us off
the edge. In more ways, than one.
You seem to be pretty convinced of an impending war. At this point, I am still not so convinced.
Al, I do plan on buying all your gold shares
after the war. You better knuckle up.
Also, I spend a lot of time and efforts following
all the news and analysis regarding this up coming
world war. Its on !!! Best prepare, because the war
drums and massive military built up is not pointing
to anything but a nuclear exchange. With moral
values at historic lows, you bet its going to take
place. The madness can’t continue much longer.
The judgment is already here. Look at the news.
I don’t think that a new financial system is coming in the near future, but I do think that a global deflationary bust is likely to occur very soon. This should take the S&P 500 down to below that ominous 666, gold to 500 and silver to 5. The only safe haven is going to be the dollar and long treasuries. The fed will have only one choice and that’s another QE. They’ll over stimulate and we will then get that run in precious metals that everyone is looking for. I expect that for around five years. However, when precious metals hit those lows, no one is going to want to buy them. The deflationary stage will feel like an eternity but end within a year. The real expletive expletive expletive is going to come after 2020 when the whole system falls.
Thanks Velma
I think Velma, you are a lot closer the the truth. My commentary
supports the main ingredient of a big bust.
The Elite Club are fully aware. These balls cannot be supported in
mid-air too much longer.
Thanks Heavy
Thank you Al.
Thanks Rick re Corvus. Best, A
Pleasure Andrew
Trump picks Pence, it’s time for America to look after America instead of other countries, they have huge problems at home like crumbling infrastructure, racial divisions, and immigration just to name a few. DT
And, that certainly is just a few Mr. Tracy.
If Mr. Ackerman’s targets for bond yields are accurate, then a third moving average crossover in the TYX/PRII is a layup, much like in the TNX/PRII has confirmed the trend. But what also appears a layup is the gold price advance to prior peaks during the lengthy skew.
Skeena outstanding shares 399.89M with a good chance for a future roll back.
Cory has brought this up in our personal conversations. Not necessarily the roll back issue though.
Since no one else posted the Skeena site! Voila:
Cory has brought this up in our personal conversations. Not necessarily the roll back issue though.
The reason for a rollback, other than the excessive number of shares, is that with a share price under a dollar they are going probably to be a grey stock, rather than a pink stock for Americans. That usually implies a bigger bid/ask spread, which will also deter Americans.
Good point CFS.
Really appreciate your talk about HL. Thanks.
Rick…..why don’t you take a crack at the royalty and streaming companies?
Before you sing the praises of Ron Netolinsky you better look at his “success” at Golden Band Resources. What a disaster!
So what would be a good target low for silver right now? Just wanting opinions as I am thinking of going long and want to know of some good possible targets for an entry point. TIA
Thanks, Rick, for your thoughts on HL which I requested. Now I’ll hold on to my HL and ride out the coming correction like the Old Turkey.