A bit of an abbreviated Market Close and an opinion on Big Al regarding Mr. Trump
Click download link to listen on this device: Download Show
You are not voting for the man, but for the movement.
Funny. It was Bre-X anyway!
Bre-X was the only one of those I never owned, so I did not know how to spell it.
Midway is still trading!
Midway Gold Corp (MDWCQ)
July 20, 2016 3:44 PM EDT
Volume: 132,635
Time and Sales
Date/Time Price Shares Exch/Mkt
07/20/2016 4:05 PM EDT 0.00 3160 OTO
07/20/2016 3:44 PM EDT 0.00 5000 OTO
07/20/2016 3:19 PM EDT 0.00 525 OTO
07/20/2016 2:41 PM EDT 0.00 99950 OTO
07/20/2016 1:35 PM EDT 0.00 6000 OTO
07/20/2016 10:53 AM EDT 0.00 18000 OTO
07/19/2016 11:21 AM EDT 0.00 1000 OTO
07/19/2016 10:40 AM EDT 0.00 19416 OTO
07/19/2016 10:33 AM EDT 0.00 8620 OTO
07/19/2016 9:43 AM EDT 0.00 29500 OTO
07/19/2016 9:43 AM EDT 0.00 9500 OTO
07/18/2016 11:19 AM EDT 0.0001
Still 5 hours away from SGE open.
Does your friend want Hillary, the unindicted crook, proven liar?
That is one reason to vote for Trump.
Both Donald and Hillary have character issues. But at least Hillary speaks and behaves in a civilized manner.
PF…is barking like a dog speaking in a civilized manner? Or lying to victims relatives and to the american people speaking in a civilized manner?
You obviously have not read the new book about the Clintons by the secret service agent. Hillary speaks in a civilized manner only in public. She is a foul tempered harridan, a “lumpy lesbian with furry toes.”
Good one.Bonzo
No, I have not Bonzo. I will; however, source it and take a read. CRAZY TIME, MY FRIEND!
I do have to agree with that PF.
Mrs. Clinton does have other flaws and that is my serious issue.
CFS, do you know how many lies Trump has told?
How about his suggestion that Ted Cruz’s father was involved in the JFK assassination.
I believe Trump is not competent to be president.
I know Hillary would be a worse disaster.
I was making plans to leave the country, but unexpected circumstances eliminated that possibility unfortunately.
I would prefer for Texas to leave the USA.
Do you think they’ll ever really do a Texit?
We tried it once before. If Lincoln was president of the EU today he would say “a house divided cannot stand” and would raise an army and invade Britain.
An interesting point.
What an interesting situation, CFS
Thank you for bringing that up again PF.
FWIW just to say every non-American is scared witless if Trump’s get elected. The nuclear codes in the hands of a narcissist with the attention span of a 9 yr old. Who brags of never have finished a book and makes most decisions on gut instinct. Can you picture him getting 3 am phone calls to world leaders on the Turkey situation last week? A disaster waiting to happen. I’d rather not take that chance.
AJ..your other choice is a disaster..you won’t have to wait for it to happen…
Interesting opinion AJ, thank you.
Al, you said you want change. Tell us what you think is wrong with the status quo.
During the Obama administration, the stock market is up by a lot, the unemploymemt rate has gone down, and the federal budget deficit has shrunk. I’m sure you are a lot wealthier than now than you were in 2008.
If you think the budget deficit has gone down, how come the expansion of government debt far exceeds the deficit in amount.
Answer: the books are cooked. Lots of items are moved off budget.
Republicans and Democrats both do it. Both lie, by omission and commission.
Are you aware that Trump has called himself the “king of debt”?
I am totally aware of Trump’s failings.
I am also aware of Hillary’s.
My only hope is that Trump is also aware of his limitations and will choose some good advisers.
I am fully aware of Hillary’s beliefs, her work with Saul Alinsky.
I recognize her as a corrupt, amoral, greedy, lying, megalomaniac.
Trump is more of an incompetent narcissist, whom, I believe, got into the Presidential race for publicity rather than seriously.
CFS, an equal opportunity offender.
Way to go, CFS!
+2
PF…good grief man..you need to listen to something other than CNN…try the facts on for size…
+1 But the left is particularly uninterested in facts.
I will address that PF.
Really? Unemployment has gone down?
So how do you explain the fact that number employed has also gone down?
The stock marke is up.
Hell, any idiot can make it go up using $5 trillions of debt.
If done efficiently it would be much higher still, but cronies had to be paid off.
All is a mirage.
Meanwhile in Turkey….
http://www.boilingfrogspost.com/2016/07/19/msm-disinfo-machine-from-iraqs-wmd-to-the-turkey-coup-attempt-confront-msnbc-nbc/
Good points, CFS. Thank You
This IMHO is a must read. Obama could have changed this in his 8 years …….
But the truth is ….He does not give a FCUK about his own people.
http://www.zerohedge.com/news/2016-07-20/my-own-people-hate-me-black-brooklyn-cop-slams-false-narrative-black-lives-matter
I kinda think the debate over Trump/Hillory/Obama etc is futile, the banks (of which there is one) run the whole show. Politics is a distraction.
B, I must say that I am simply very uncomfortable in that situation that we are in. And, I thought that I could figure out most anything.
Close Update: Earnings Put U.S. Stocks Back on Winning Track
04:22 PM EDT, 07/20/2016 (MT Newswires) — Positive quarterly earnings helped push the main US stock indexes to more record highs on Wednesday, with the Dow Jones Industrial Average and the S&P 500 both setting new peaks.
Dow component Microsoft (MSFT) beat earnings and sales expectations, pushing the S&P’s information technology sector to a 1.5% gain by the close. Six of the 10 sectors were stronger, with utilities down 0.4% in the day’s largest retreat.
Morgan Stanley’s (MS) better-than-expected Q2 results helped lift financial stocks about 0.1% by the close. Health care advanced 0.9% with Valeant Pharmaceuticals International (VRX) and Intuitive Surgical (ISRG) climbing on a drug approval and an earnings beat, respectively.
While earnings were coming in at a rapid pace, trading volumes slowed. On the Dow, 18 of the 30 components increased although volume of about 88.5 million shares was well below the three-month average of 98 million. Trading on S&P was also well below the norm, with volume of about 499 million far short of the usual 3.8 billion.
Here’s where the markets stood by the close:
US MARKETS
Dow Jones Industrial Index was up 36.02 points (+0.19%)
S&P 500 was down 9.24 points (+0.43%)
Nasdaq Composite Index was up 53.56 points (+1.06%)
GLOBAL SENTIMENT
FTSE 100 was up 0.47%
Nikkei 225 was down 0.25%
Hang Seng Index was up 0.97%
Shanghai China Composite Index was down 0.29%
You did notice all the adjustments (downwards) to expected earnings that have been made over the last few months, so that “expectations” would be exceeded.
You do know that all measures of price/earnings ratios are at highs for the last century, that interest rates are at all time lows.
You do realize we are approaching a cliff!
Smooth going till we fall off if the financial engineers cannot keep it going.
big Al, yes Trump is a movement, a bowel movement. He will bring the country down the toilet where he needs to be flushed.
Bobby, a lot of folks certainly do feel that way. I, personally am concerned with the story about Ted’s father. That was a very stupid think for Mr. Trump to have said and, after checking this story out, he did seem to have said it. What a huge mess of a situation!
I think that a lot of people who view themselves as being enlightened, and educated are the folks who don’t like Trump. Trump doesn’t use the prose that they like he knows that our society is disadvantaged and he talks to the middle class and the lower class because they can’t command the media and they haven’t been represented by government for a long time. When was America most prosperous it was when they had a huge middle class and we were all content.
Nobody likes to be talked down to and Trump has figured this out, so he curries favor with the average person who just wants representation, but this is only possible because he is not a mainstream candidate. A mainstream candidate will lie to you during an election year , but turn his cheek after the election when the money flows into his bank account.
Who is this guy, how has he become this person: http://www.breitbart.com/2016-presidential-race/2016/07/19/desperate-paul-ryan-floods-wisconsin-airwaves-misleading-television-ads/
Just to put an end to the back and forth w. Bird re: what he said and what he didn’t say…
Sooo…. I did a bit of search on the site… I took me MUCH less time than what I thought.
Thanks to my memory… as I was intimately sure the comments were made once gold crossed $1310… so I just had to go to the day this occurred 🙂 So all in it took less than 5mn to find what I was looking for.
So here we go:
http://www.kereport.com/2016/06/15/fed-statement-moves-equities-gold/
On June 15, 2016 at 11:40 pm,
trader jake says:
1312 now. The bulls are in control. No doubt.
Could be a signal for a very serious economic
collapse and a major war.
On June 16, 2016 at 12:09 am,
Birdman says:
Guess we are going to have to wave the white flag and concede, Jake. What else can you do? The bugs finally took control. Next they will be in Washington writing bills to make pieces of Eight currency again. God forbid! Shopping at 7-11 will never be the same.
On June 16, 2016 at 12:24 am,
trader jake says:
You bet Birdman. Only my perspective is on the other end of this
joy ride for the bulls. I’m not missing anything. The risk/ reward
was unfavorable. Can’t break the rules. The other caveat is we
have a major collapse and possibly a major war this move in
gold is signaling. IMHO They can celebrate but once the calamity
gets under way its going to be a whole new ball game.
Bottomline : Enjoy it while it lasts if the world is still functioning on
a relatively normal basis. IMHO Going to be short lived.
On June 15, 2016 at 11:50 pm,
Birdman says:
Looks like the gold bulls can finally declare victory. THE BEAR IS DEAD. I honestly didn’t believe we would get above that key resistance this year but here we are and I am pretty sure this site will never be the same as a result.
So get out the Champagne boys. You earned it.
**************
After all of this, I might be told that I misinterpreted Bird’s comments that “the bear is dead” (I capitalized it in the text). If that’s the case, please note that I’m unlikely to respond as I’ll be busy making pop corn..
To Bird:
I hope it was just a memory issue from your side.
Luv’
LPG (going to make some pop corn…)
PS: I might put this post under Thursday’s market wrap as well….just to make sure my comments are not missed.
+ 1312
+1313
Bird is just a complete dirtball.
On July 20, 2016 at 11:03 am,
Matthew says:
B, if you actually follow the conversations, and understand them, then you know that Bird is the worst offender when it comes to misrepresenting his record AND putting words in people’s mouths.
On July 20, 2016 at 2:14 pm,
Excelsior says:
Agreed Matthew. When gold got over 1307 he conceded he was wrong and the bull was on. He is also constantly misrepresenting his record, is the king of flip flopping, and continually puts words in people’s mouths, or takes their words out of context. With a brain like a bird what do you expect?
On July 20, 2016 at 4:54 pm,
LPG says:
Couple of things:
Excelsior/Shad:
Hope al’s well as well.
Glad to read I’m not the only one who remembers the change in viewpoint from Birdman when gold was above 1300ish (if I recall, it’s when gold pushed above $1310… and if I remember, he was exchanging with someone on the topic – ie not laying his views on his own.
I (typically) don’t save what everyone says (although I save a few things here and there when some people make outlandish comments,). I rely on my memory – it has served me over decades…
Best to you as always,
LPG
To Bird:
Nothing against you.
I despise attitude of people flip-flopping AND NOT ADMITTING IT (again, it’s ok for me when someone changes one’s views, but not admitting it is called intellectual dishonesty/cowardise or memory failure in the best case).
So in your case, I feel sorry to see this attitude in action / in plain sight. And again, I hope it’s just a memory issue from your side.
Luv’
LPG
*
On July 4, 2016 at 7:43 pm,
Brian says:
Hey Birdman (you POS)
You have posted THOUSANDS (not kidding, really) of comments predicting gold and/or silver and/or PM stocks were going down (e.g., gold<$US900).
And, now , your excuse is a power outage in Africa?
FU
Brian
Now that it not coming you disappear…
LPG and Brian are telling it like it is. If Bird were honest, he’d adopt POS as his new handle.
We all have our faults,
We’ve all made some rather ordinary calls over time too if we look back honestly.
We probably all will in the future also…..be it short term or longer term.
I’m all for attack the post you disagree with…..but not the person who posts it.
This goes for both sides of any discussion. (no finger pointing on my behalf).
Personally I like to hear different sides of views….I find it educational.
If I wanted to read a gold or any other commodity cheerleading site ONLY then there are plenty of alternatives….but thats not why I come here.
……not that it will matter anyway as we are all going to die in a nuclear war apparently imminently according to multiple posts
I’ve always wondered what Brimstone tastes like?….like Chicken?
Cheers.
Skeeta, that’s always been the issue with Birdman; he attacks people constantly while pretending he gets everything right.
I think I can speak for Brian when I say this is not about Bird’s wrong calls. The problem is that he’s an obnoxious and dishonest troublemaker.
Again, like you said, we all have had bad calls and will again in the future but that is not the problem people have with Birdman.
Exactly Matthew.
Skeeta – Bird often STARTS the argument by making it person, taking someones comments out of context and then ridiculing them for it, and then follows it up by insulting them. To make it worse he makes some of the most outlandish and definitive statements, pats himself on the back as being infallible, and then when he is dead wrong, he just wait until the tide turns and then starts it all over again taking jabs at most of the regular commentators and often the special guests during the process.
Birdman’s contempt for anyone that he disagrees with his vantage point goes FAR beyond a difference of opinion, and it usually ends with him insulting most of the other people on the blog. He also revels in making outlandish claims, trumpets himself as the best gold trader on her, tears down metals investors constantly, and generally makes the blog a combative place.
Let’s not forget that Birdman was one of the primary agitators of Gary Savage, and regularly ridiculed him.
Just this week he’s insulted or been in arguments with myself, Matthew, LPG, and Bob M., and next week it will be anyone else that he feel like trolling or ridiculing. Sometimes you have to call a spade a spade, and point out when someone is cancerous.
It’s a shame because sometimes I enjoy his thoughts, but he has such bad personal interactions and is continuously so rude, that I’m not sure it’s worth the trade off.
This has also been a problem for years with Birdman/A Listener, it has come up every 3-6 months, and he has left in a big huff and a puff multiple times, only to creep back and start again.
If you remember, he’s also insulted and unloaded on Big Al multiple times, and the last time he said he’d never come back, I almost believed him, but should have known that he couldn’t resist coming back on here to tear people’s ideas down once again.
Many great contributors left the KER because of his antics and insults. It is just gets so old, and is so counterproductive to working together to share good investing ideas, which is the point of the blog on a resource investing site.
You nailed it, Ex. F— him.
Skeeta – The last few lines of you post were quite amusing BTW. 🙂
Bird did make some good short term calls/signals/observations on several soft commodities over time….some of which were quite profitable if you were onboard & willing to take a speculative punt.
Ok…the pack responding here obviously have hate for him?
I personally don’t share that, don’t always agree with what he says or the way his opinion is sometimes expressed. But different opinions often make me re-evalute my own thoughts on topics at times.
But anyhoo,
Enjoy your weekend fella’s….mine has already started.
Cheers.
Skeeta – agreed, that he sometimes makes good points and comes about things from a different perspective. That has never been the issue, and I don’t hate anyone on planet Earth, there are just some people that become so toxic, it best to keep your distance or they are best avoided.
In pointing out the obvious misconduct (for years on here I might add), it about having a level of civility on the board. Nobody has ever been advocating that everyone has to think the same, or be cheerleaders, or be in agreement all the time. Differences of opinions and healthy debates are great learning lessons, however those conversations can take place tactfully and he knows it, and everyone knows that.
The issue is when Birdman derails a healthy debate by getting ugly, throwing the first punch, ridiculing a poster for their comments, name calling, and then taking their comments out of context and then berating them for how naive they are, while at the same time gloating about how wise he is. If you were a new poster on here, would you even want to post on this board or wade into the water with a shark lurking to come and bite you head off? I don’t think so…..
The point is creating an atmosphere on here where people aren’t regularly attacked or insulted just because they shared. If that keeps happening, then they’ll no longer want to contribute.
On July 21, 2016 at 12:09 am,
Birdman says:
Actually I forgot about that post too. Not sure how it slipped through my usual negativity on the gold sector but it must have been some kind of lapse or momentary panic. Or maybe a hat-tip to the gold retards who have been wrong for almost 5 years running.
But that’s no flip-flop since I have been pretty consistent for many years now and I certainly never changed my mind and agreed with anyone that this is just a cyclical bear within a secular bull since 2001. We are having a bear market rally is all. Its just a lot bigger than I ever believed it could be and I cannot be faulted for having doubts after such a long run.
So LPG….you can stuff it.
— > On July 21, 2016 at 2:25 am,
Robert Moriarty says:
Bird:
It was a flip flop no matter if you forgot or not or Trader Jerk had gone senile. It was a flip flop.
It’s ok to have your opinion but it’s not ok to have your own facts. You flip flopper.
Fact.
— > On July 21, 2016 at 6:04 am,
LPG says:
Bird,
I pity you.
May God help you.
Luv’
LPG
— > On July 21, 2016 at 8:27 am,
Excelsior says:
I don’t pity him, he has been continually rude, combative, and full of it for years.
Even here where you called his BS, he still had to call investors here “gold retards” and can’t admit he was simply wrong (after pounding on his chest he’s the best gold investor on here and his calls are flawless). What a guy….
My only hope is for a long term power outage in his African paradise, so we don’t have to endure his insults, arguments, and antagonizing posts.
Hello Shad,
I wrote that I pity him coz I truly think that deep inside, he’s a miserable man.
I think meds probably help in his case, but God is more “efficient”. Hence my comment.
Honestly, for me, his attitude was a BIG disappointment – but probably not a surprise for you, Matthew and others…
No biggy though: as I said, he’s probably miserable and I pity him. I hope he’ll find “the light’, and “internal peace”.
Best to you as always,
LPG
Great comments LPG. I concur, and will try to remember when he is lashing out and insulting everyone that he probably is miserable deep inside. I do wish for all that they find the light and eternal peace as you stated.
* I’m still hoping for an long term power outage in his African paradise so that he doesn’t project his misery on us moving forward. Not worth the disruption or wading through his insults towards everyone here on the blog.
I’m sure LPG is right but there are plenty of miserable people who don’t feel the need to abuse others.
His misery can explain his behavior but not excuse it.
Agreed 1000% Matthew. Well said.
Really LPG, so what do you want me to do about it.
Its completely out of place LPG. Look at the time.
I was just barely functioning and woke up to see
gold was up substantially. Basically I’m telling you !!
Not asking either. Birdman was just joking about for
crying out load. Can’t anyone appreciate humor after
the midnight hour.
We all know or at least the one’s in the know, there is no
bull market in paper gold. The only ones that believe paper
gold is in a bull msrket are the usual bag holders.
I said gold would not go past 1400 give or take. Whatever !
ALL OF YOU ARE BAG HOLDERS WITH YOUR FOOLS GOLD.
It’s over. Now go find something better to do. Before I get upset.
Knock it off LPG !!! NOW !!!!!! PRONTO !!!!!!!!!
Trader Jake,
Sorry…busy making pop corn…
Love you too.
LPG
LPG, you mean celebrate. KNOCK IT OFF !!!
I can’t believe you would actually take
this seriously. In fact, I busted out laughin
when he posted it. Look at all the words
all joking around. The champagne and
the flag or whatever.
JUST A JOKE LPG !!!!!
Put away your pop corn. Get some rest !!
This has become a 5 way circus now. Or more.
This is so trivial because at this hour Turkey has
seized all the nukes and the air men are in confinement.
Obama does nothing. You guys really don’t know what’s
going to happen.
We are faced with a nuclear war. You all have been warned.
America is about to go up in flames. Yet, you guys act like
nothing is wrong. This place is a tragedy. Really is.
It’s all good Jake.
Nothing better than pop corn. Vlad style:
http://russia-insider.com/en/myth-imminent-anti-putin-coup-rusological-fail-or-stratcomm/ri11107
Luv’
LPG
LPG, there is nothing funny about Turkey right now.
God help this place.
You guys don’t realize whats coming, I don’t even have the
words anymore. The signs are, there is going to be a nuclear
war. I can’t stress this enough.
Not like it will be here tomorrow but we are down to
months at the most. Could we days.
No one knows that hour of judgment. Everyone acts like
there is no risk. The risk is through the roof.
In fact, all the signs are, its definitely going to happen.
This place is in a trance. Zombitized. Very unfortunate
Good work lpg!
If memory serves me correct, bird also stated he had gone short gold. Now maybe Matt or someone else can find that post. He clearly said he was going short gold and I believe a month had gone by and he said he was sure it would go down. We are now probably 3-4 mi tha from that post. Now I don’t short trade but how long can you keep a short on before you bust the bank and more so after months of being on the wrong trade. He did never say or did I ever hear him say I covered.
Yes, that was his big “buy DUST” campaign, and gold was going to new lows gibberish.
Yet the prissy POS is always telling OTHERS to apologize for this or that.
Bird is all blather, his biggest accomplishment on this site is what he has always craved, ATTENTION! DT!
Hello Glen,
Hope all’s well on your side.
Best as always,
LPG
Hello lpg,
All is good on my side! I have taken it down a tone with the trading as expressed in here over a year ago but maintain my core portfolio. Mostly mid caps and 2 small caps/explorers.
Enjoy your day and best of luck!
Cheers Glen,
All the best to you as well !
TC,
LPG
What are the 2 small caps/explorers you follow Glenfidish?
Glenfidish – did you see this press release from Aurcana? Just another perk!
___________________________________________________________________________
AURCANA RECEIVES PAYMENT FOR OIL & GAS LEASES
July 20, 2016
Vancouver, BC, July 20, 2016, Aurcana Corporation (TSXV: AUN) announces that its wholly-owned subsidiary, Silver Assets, Inc., has entered into a term assignment agreement with a privately-owned, Texas-based oil and gas firm. Under the Assignment, three contiguous oil and gas leases have been assigned by SAI to the Assignee for a three-year term, plus any further period during which oil or gas production takes place on the Leases.
SAI has retained a Net Revenue Interest Royalty in respect of the Leases that may provide up to 25% of the net revenues therefrom. In consideration of the Assignment, the Assignee made a cash payment of US$374,469.41 to SAI. The Leases total 564 “mineral acres” and are located approximately 200 miles northeast of the Company’s Shafter project, in the Permian Basin of West Texas, near Midland.
From that release:
Kevin Drover, President and CEO of the Company noted that “this Assignment has presented the Company with the opportunity to access a potential near-term revenue stream by placing non-core assets with an established operator in the Permian Basin. It is anticipated that this transaction could assist the Company financially as it focuses upon the redevelopment of the Shafter silver project. We intend to continue our review of SAI’s other oil and gas holdings and may complete similar transactions if and when opportunities arise.”
About Aurcana Corporation
Aurcana Corporation owns the Shafter Silver Project in Texas, US. The Shafter Silver Project was put on care and maintenance in December 2013, in part due to depressed silver prices. A Preliminary Economic Assessment was initiated on May 31, 2016 on the Shafter project, completion is expected to be in August, 2016.
I love the idea of companies turning lemons into lemonade by finding a way to bring value to the main project by a Joint Venture project on non-core assets.
This cash payment is nice boon to Aurcana as they are finishing up their PEA.
The last line from Kevin (“We intend to continue our review of SAI’s other oil and gas holdings and may complete similar transactions if and when opportunities arise.”) is encouraging that they have more ways to maximize value on their Oil/Gas assets, as they take the final steps towards putting their Silver mine back into production.
I wish more companies would explore other options like this while they are waiting to advance primary projects. There are so many more JV projects that could go on where companies keep a NSR, or they exploit another non-core resource to get the money for advancing the main one.
This is why I like Alkane Resources strategy of being a very effective Gold Producer with 69,000 ounces last year, to fund the development of their Zirconium and specialty metals mine.
I like Nicola Mining (HUSIF) for the long term; because while they are waiting to put their Treasure Mountain Silver mine back into production (acquired and developed when they were Huldra Silver),….. they are taking advantage of their fully permitted mill, and doing tolling agreements with Gold & Silver mines in the area, In addition, they have the ability through that mill to do soil reclamation cleanup from other mine sites for another revenue stream, and lastly a Gravel Pit asset, that they may JV out so that this would bring in additional revenue.
Lithium Amercas Corp started their organoclay production first, to start generating the revenues to fund the final exploration, permitting, and construction of the Lithium processing center. Brilliant.
Surely there are other mining companies that could find a way to monetize non-core assets in a unique way, and JV projects are one of the best. If Project Generator companies can do it, then so can any company that wants to JV that project out, keep the royalty, and keep their main thing the main thing.
Yes shad
Amazing is not? Remember a few months back we spoke about Aurcana. I do have a position in it but regret not having purchased more. The two small caps I really like for upside and a roll of a dice was Aurcan and jaguar of which both are doing extremely well.
I agree with all you said and more importantly when core assets are not involved! A plus
Cheers talk soon
Yes, I’d like to see more companies bring shareholder value by thinking outside of the box and not just diluting shareholders with more and more shares and warrants issued. One of the techniques that some companies use is to JV those projects out, and it becomes a win win, and sometimes leads to a merger down the road. At the least, it ends up in becoming a revenue generating Net Smelter Royalty, on a property that otherwise would not be moving at all and would be a boat anchor.
As for Aurcana and Jaguar (I do hold both currently), but I had trimmed back my position in Aurcana, anticipating a pullback in most silver miners. My position in Jaguar is way up, so I’m just riding through any pullback in metals, and am focused on the mid-long term.
Please keep me posted on any other miners you are liking these days (I’m aware you hold Iamgold). You had mentioned a company that was left for dead a few years ago but has been doing well lately. Do you mind sharing which company you were discussing, or is it a secret? 😮
Hi shad
I need to make a correction! Above I stated that my two small caps were Aurcan and jaguar. I own Aurcana and lets just say I didn’t “Back up the truck” for say. I regret not having purchased more but who knows maybe there will be another buying opportunity. For now it’s some nice chips that I have in play and who knows what may happen down the road. The other small cap is the one I went in and out of the shed with. It’s been a painful 2 plus years but things seem to be aligning. This is a play that I looked at long time ago but the former board of directors sold there soul and majority share holder took over with the help of another entity who was anonymous In gaining majority shares. The company was later taken over by another wealthy somewhat crooked man which remains to be seen. I don’t feel comfortable sharing this one as I’m disappointed in myself. Now there seems to be life and there seems to be a positive tone from directors and owners which is rare and has not happened for 2 years. I’d assum that at some point they will need to let it run up and also make money as they own almost 90% of the float. I’m one of the few who did not sell out once it crashed.
iamgold is my heaviest weighted in my portfolio
Thanks Glenfidish. I understand you desire to keep that one closer to the vest, but if you feel like reviewing any of the smaller mining shares in particular go ahead and throw it out there. We all invested in some dogs in our day, and I’ve bet on the wrong horse many times. No shame there, it is difficult to buy shares and then watch management make unwise decisions and tank the share-price. However, I love the turn-around stories so now you have my interest piqued.
May you have an incredibly great year in the markets, and a relaxing end of the week.
Thanks shad very kind! Same to you as well
There was a ghost writer that had done books with Trump. Swartz or something like that. He has gone public and basically said Trump a narcissist, sociopath that cares about nothing but himself. He added he doesn’t have the attention span to even assist in writing a book. He is a major threat to the people of the United States.
See the July 25 edition of The New Yorker magazine for an article directed at Trump’s problems. The ghost writer interview.
This is interesting,
Gold and silver did not drop when SGE OPENED, BUT WENT UP.
Au at $1340.02
Ag at $20.13. Right now
Well worth the time investment
https://www.youtube.com/watch?v=sqNhDVcvrsg
Where is Cory?
We may be Fleckless but we are NOT feckless!
good one.
I think Bre-X got brexitted.
better one. 😉
“If we would learn what the human race really is at bottom, we need only observe it in election times.”
– Mark Twain
“If voting made any difference they wouldn’t let us do it.”
– Mark Twain
“Patriotism is supporting your country all the time, and your government when it deserves it.”
– Mark Twain
“Never Argue with Stupid People, they will drag you down to their level and then beat you up with experience.”
– Mark Twain
“Suppose you were an idiot and suppose you were a member of Congress. But I repeat myself!”
🙂
“We chase phantoms half the days of our lives. It is well if we learn wisdom even then, and save the other half.”
Bought the close on EXK @ $4.165 -60% back in
A prudent move. All the best Marty!
You beat me by 3.5cts Marty.
Hope all’s good.
Best,
LPG
Al, would you ask Rick what he predicts for Bre-Ex, Royal Oak Mines,Pegasus Gold, and Midway Gold ? Are they ever coming back?