Don’t fall asleep during these markets!
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Nasdaq did close at an all time high today, but other than that the markets were sleepy!
Investors cheer Sprott, Osisko, Barkerville deal
Frik Els | about 4 hours ago
http://www.mining.com/investors-cheer-osiskos-barkerville-buy/
(SAND) (SSL) Sandstorm CEO Discusses Impact of Rising Gold Prices
AUGUST 8, 2016 – By: Matthew Keevil
http://www.northernminer.com/news/sandstom-ceo-discusses-impact-rising-gold-prices/1003776156/
(JAG) (JAGGF) Jaguar Announces Q2 Financial Results; Achieves Strong Q2 2016 Gold Production and Development Success
TORONTO, Aug. 9, 2016
(KDX)(KLDX) – Klondex Reports Strong Second Quarter 2016 Results; Achieves Record Revenue and Operating Cash Flow
8/9/2016 | Marketwired News
http://www.northernminer.com/press-releases/story/?id=1003843022
I find it fascinating how the PM producers are gaining in share price, with a WIDE range of future P/E base din 2Q16 earnings.
It is really exciting see ALL of the producing companies become profit-making machines; years of cost-reduction, in the darkest days, are paying off now – literally.
Agreed Brian. Speaking of producing companies become profit-making machines….
Tahoe Resources Reports Record Revenue and Cash Flow Per Share
Organizational Changes Announced
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 9, 2016)
I like your comment after Corey’s interview with Osisko’s CEO.
I wonder if Osisko Royalties will consider remerging Osisko mining?
I’ve often wondered that as well, although one is more Royalty and potentially streaming focused, while the other is more of a Prospect Generator with a growing royalty base and pipeline of JV projects or options. The technical teams are somewhat co-mingled, and they are doing some of their own exploration on properties to JV those out to other companies, with value added. In addition they are investing in companies like Barkerville Gold, Falco, and NuLegacy, and have made other strategic investments where they also give a little experience or advice.
The 2 different Osiskos have got their fingers in a lot of pies…..
I left you a post under the Klondike thread.
Just saw it and responded to it, and posted their corporate presentation.
Also, I responded to yesterday’s market wrap in a few places. I really appreciate all the good thoughts JohnK.
Ever Upwards!
Thanks again, Shad
Thanks Shad. I have a lot of time for Gwen.
I do as well Big Al.
Ex
I have a tremendous amount of respect for Gwen (I am a paid subscriber), but I disagree with her on Integra. I don’t think this is an M&A story – this company may decide to become a mid-tier producer all on their own.
It will be exciting to see how it transpires of the next 18 months
Brian
Integra could absolutely become a producer on their own, but they’d have to raise a lot more capital and bring in engineers and mine building and operations experts. Getting a JV partner or getting taken out would truncate the longer term upside for existing shareholders, but it would be a big score for the company that could acquire them, so that seems like a possibility as well. I could see either scenario playing out, but the the odds of them getting into production are higher than most exploration companies.
Faber has been repeating the same stuff since 2008/09 – he is a stuck record.
Oddly enough, only yesterday I was looking at Tesla videos on youtube. I am impressed. I would love a car that does what the Tesla does. Can’t afford it though. Way too expensive.
Just too much money for a rechargeable car. Imagine the cost of battery replacement – could be the price of a high end engine.
Yep, it is prohibitvely expensive. I would love the automatic driving bit though.
(PE) (HMGLF) – Pure Energy Minerals Provides Update on Mini-Pilot Plant Work for Lithium Recovery Process
VANCOUVER, British Columbia, Aug. 09, 2016
Speaking of Lithium Batteries for Tesla Vehicles…..
I interviewed Marc in Hong Kong, very nice guy, very bright, good company, I think he gets it right most of the time, its just a question of timing
Elon Musk is genius but not sure Tesla is ever going to make any money, way too expensive, but as a project very interesting, I suspect Elon knows that too
Thank s Bob UK.
I do agree with you. His business plan definitely does work.
It has been a year since the crash last summer. We could be getting into a rough period as soon as September which is usually a volatile month.
Palisaderadio, on Tv.
Thanks DFS. I’ve been waiting to get an update on Jordan’s perspective.
I could not see anything to watch, Professor. Where do I find it?
Orlando Terrorist’s Father Spotted Attending Clinton Rally
Correct link
BBC radio is reporting protests in Italy by refugees.
Italy already allows multiple wives for refugee men, if the marriage occurred prior to arrival in Italy. They are now demanding the right to multiple wives after arrival.
About 15 % arrive with TB. Refugee parents not allowing children to be tested.
What’s the damage on the $U.S. gold price? The 20-day MA.
Gold Price Support Pivot Point Resistance
1,341.11 1,326.18 1,337.73 1,349.28
Silver Price Support Pivot Point Resistance
19.9160 19.4803 19.7613 20.0423
Bank Of England Suffers Stunning Failure On Second Day Of QE: “Goodness Knows What Happens Next Week”
It started off well enough.
On the first day of the Bank of England’s resumption of Gilt QE after the central bank had put its monetization of bonds on hiatus in 2012, bondholders were perfectly happy to offload to Mark Carney bonds that matured in 3 to 7 years. In fact, in the first “POMO” in four years, there were 3.63 offers for every bid of the £1.17 billion in bonds the BOE wanted to buy.
However, earlier today, when the BOE tried to purchase another £1.17 billion in bonds, this time with a maturity monger than 15 years, something stunning happened: it suffered an unexpected failure which has rarely if ever happened in central bank history: http://www.zerohedge.com/news/2016-08-09/bank-england-suffers-stunning-failure-second-day-qe-goodness-knows-what-happens-next
Update with the Mercenary Geologist, Mickey Fulp for August 5, 2016
Mercenary Musings Radio: Precious Metals Pendulum Points to Platinum
August 02, 2016
http://www.goldgeologist.com/audio/RobertGraham/MercenaryRadio20160802.mp3
WOW! BREAKING=> Julian Assange Suggests Seth Rich – Who Was MURDERED in DC – Was Wikileaks DNC Source!
Jim Hoft Aug 9th, 2016 8:15 pm 435 Comments
On July 8, 2016, 27 year-old Democratic staffer Seth Conrad Rich was murdered in Washington DC. The killer or killers took nothing from their victim, leaving behind his wallet, watch and phone.
Shortly after the killing, Redditors and social media users were pursuing a “lead” saying that Rich was en route to the FBI the morning of his murder, apparently intending to speak to special agents about an “ongoing court case” possibly involving the Clinton family.
Seth Rich’s father Joel told reporters, “If it was a robbery — it failed because he still has his watch, he still has his money — he still has his credit cards, still had his phone so it was a wasted effort except we lost a life.”
On Tuesday Wikileaks offered a $20,000 reward for information on the murder of DNC staffer Seth rich.
Now this…
Julian Assange suggested on Tuesday that Seth Rich was a Wikileaks informant.
Via Mike Cernovich:
Someone FINALLY gets it right about the falling money velocity:
“This chart supposedly shows that money is moving too slowly in the economy, but you are grabbing the wrong end of the stick to reach that conclusion. The reality is something very different.
This chart is showing too much money is being pumped into the system relative to the amount of economic activity taking place. This pumping up of the stock of dollars is causing people to loss confidence in the currency. So businesses are buying assets – including their own shares. They are not investing in economic growth.” — James Turk
https://fred.stlouisfed.org/series/M2V
“Calculated as the ratio of quarterly nominal GDP
to the quarterly average of M2 money stock.”
Not that original. We have been hearing for years that Fed interventions and QE are the cause of deflation. But that is pure nonsense. Maybe you and Turk don’t get that copper and gold are also assets. So explain why they were falling in value these past years if too many dollars were being created.
When you wrote “get it” you meant that you still don’t.
You’re clueless.
Terrible come back. So basically you have no case and cannot argue facts. That’s what your weak response indicates Matthew. It took me less than a few seconds to punch a hole in Turks article and prove it wrong and all you can come up with in response is your own frustrations,
Really Bird? You proved Turk wrong, did ya? I think nurse Ratched needs to put you back in your straight jacket.
Projection
Platinum and Palladium climbing on board a rocket…….
No they are not Professor. Look at Platinum on a monthly chart. It has not even broken out of its falling trend line yet. Its still a dead cat bounce even if it looks really exciting.
http://finviz.com/futures_charts.ashx?t=PL&p=m1
Another wonderful and timely call on the part of Birdman.
On August 9, 2016 at 1:31 am,
Birdman says:
Platinum is pretty much done too. Check it on a monthly chart. She’s cooked and suffering from the same expanding wedge (daily chart) that is going to sink silver and gold. Even copper when viewed on the weekly is still in decline. Not at the bottom yet. Nobody wants to believe that around here but sorry we are still in deflation until this ends.
And it will end. Just nobody can time it properly. Inflation is still a fantasy though.
And who said you were clueless and never made a good call. That was one of the most timely calls I have ever witnessed.
Oops, you didn’t mean it. You meant to say it was going to go up.
Doofus, the platinum chart is some of the best evidence we remain in a secular bear market in precious metals. You ought to study it more closely.
Monthly or weekly, platinum looks superb.
I’m starting to feel sorry for you, BM.
What “looks superb” is not a lock until it meets certain criteria. Then and only then can a trend be declared as a certainty. So don’t feel sorry for me that you are still doing grade school analysis and cannot understand what I am talking about.
I knew you’d double down; bullshitters always do.
Did this turn into a retard site since I was away?
Look Matthew, I cannot be be wrong until I am actually wrong. How simple does it need to be for your juvenile mind? Platinum has NOT broken out on a monthly basis and neither has gold. That is all I am saying and it is a FACT.
Any technician can look at those monthly charts and readily see that I am correct in my assertion. We are still officially and technically within bear markets for both until the charts say otherwise.
Even if they do break out that still does not make me wrong because if and when that happens I will agree that a new bull market has begun and there won’t be a disagreement.
Lets just stick to facts.
Now be a good boy and put your name tag back on so the parents know who is the drooler.
Birdman:
I really hope you put your money where your mouth is. I do.
How about those margin calls?
Another brilliant comment out of the beak of Birdman.
Look Matthew, I cannot be be wrong until I am actually wrong.
Actually Bird, the way the rest of the world works is that you are wrong until you are right. You wouldn’t understand that because you are never right, only more wrong than you were last week. But wrong is always wrong until it is right. The rest of us get it.
If platinum went up $100 in a day would you get it?
Congrats to Pete for his purchase of Ivanhoe last December…
DFS,
You canned my early this year speculative bet on ASX.WAF on this weekends show thread.
Well it rose another 34.38% today.
Speculative bet on my behalf….yep absolutely.
But its been kind(as I mentioned on the weekend thread) & paid off bigtime for me.
Will more than pay for the installation of my pool itself on the multiple % profits alone due to being a many multiple bagger
Its funny how stuff works sometimes isn’t it, hey.
Cheers to you.
Buy stuff…..sell stuff….forget about the BS.
Them’s my Grandpa’s words.
I still miss him.
Cheers.
Remember to invite the KER family to the pool opening party.
The way the plans are currently dragging through local council for regulations will probably mean it won’t be finished until around Christmas time.
By then I’ll be over in the US, might have to swim in a pool from the KER family over there until I return home….lol.
Cheers.
Just tell the local council,if they hurry up, you will invite them for a pig roast. Cheers
I don’t remember canning WAF.
I MIGHT HAVE SAID something like I don’t see its fundamentals, or said it was speculation.
I do remember looking at its website, and deciding not to invest.
But, I AM NOT A TRADER, never pretend to be.
I BUY ON FUNDAMENTALS.
I am happy living off my longer term investments, as I have for several decades now.
Metals looking good….go grief….platinum up $37, …l did say platinum was doing fine.
New gold /platinum ratio .for the year 1:14.
Jerry you know we’ve been talking every week about Platinum & Palladium and the PGM miners all year long (and the end of 2015) and have mentioned repeatedly how undervalued Platinum has been to Gold. That ratio got about as extreme as the Gold:Silver ratio in January and is just now starting make some progress towards returning to the mean.
Most of the year I’ve been pounding the table on PGM miners like (PTM) (PLG) Platinum Group Metals, (IVN.TO) (IVPAF) Ivanhoe Mines, (WG.TO) (WGPLF) Wellgreen Platinum, the restructured relaunch of (PDL.TO) (PALDF) North American Palladium and lately I’ve been trying to get the word out about the PGM explorer that has everyone so excited (NRN.V) (NSHRF)Northern Shield.
It’s good others are finally joining the Platinum party 🙂
For the record, I probably won’t be joining the platinum party even though it should do very well for a long time. 😮
Well, you at least see that it has value and isn’t crashing and burning as other commentators have surmised. I like the charts you’ve posted on it, and this is the largest number of posters in a conversation on Platinum on this blog in a while.
The lack of interest, in general from the resource sector in PGMs really surprises me, because it has been on the move all year long, and often Platinum and Palladium has had far better percentage moves than gold on many days and few even mention it. I still believe Silver will have the most percentage gains, but because there are far fewer PGM stocks available, when money continues to pile into the space there aren’t that many places for it to land. This is why I like to keep a few irons in the fire for the PGM miners personally, but to each their own.
Northern Shield Resources Inc. (NSHRF)
$0.22 up+$0.04 (+22.06% gain)
As of 2:26 PM EDT.
BTW – I posted a Mercenary Musings audio interview with Mickey Fulp up (above in this blog), and even he has come around to seeing the upside opportunity in Platinum and discusses the Platinum:Gold ratio. It’s worth a quick listen.
Thanks , just listen to. Mickey
WWMD – What Would Mickey Do? 🙂
Here’s another one we’ve been discussing this year on the KER that has nice exposure to PGMs, along with it Nickel and Copper – Polymet mining. It was up 15% yesterday.
Polymet Mining Corp. (PLM)
$1.09 up +$0.14 (+14.74% gain)
As of 10:41 AM EDT
http://stockcharts.com/h-sc/ui?s=PLM&p=D&b=5&g=0&id=p70303234948
Cha-ching!
I too have been commenting on Pt and Pd.
Regularly.
Yes you have sir. There were just many times at the end of last year and beginning of 2016 where Jerry and I were the only ones commenting on not just the price of Platinum & Palladium, but also the related miners. I remain mystified by how few resource investors even pay attention to the PGM miners (barring Stillwater of course).
If Bird can afford it, he should take trial subscription at Stockcharts so he can see this monthly chart of platinum:
Looking good to me…Thanks for the chart.
I think I said at 871,it was a buy….check with EX on that statement….. 🙂
Appreciate all your charts, l am sure a lot of people would have folded ,if not for your contribution….Best
Thanks Jerry.
Matthew:
Bird has some pretty big outstanding margin calls that he’s having a problem meeting so spending money on trial subs is out for now. Maybe we could take up a collection for him. He needs it.
Alexco
For those of you that listened to Matthew and myself on 19January to buy Alexco, you have a near 10-bagger this morning.
+2
I was late to the Alexco party and didn’t by back my AXU position until March, so I’m still a little behind you gents 🙂
BTW – Did you ever check into (MAN.V) (MMNGF) Monster Mining?
They are directly adjacent to Alexco’s property at Keno Hill, and on the same trend. They have a second property that is adjacent to ATAC’s Gold property in the Yukon.
It is still very speculative, but once Alexco gets up and running on their mine, I could see them acquiring Monster Mining. (not investment advice…..just an educated guesstimate).
Monster Mining Corporate Presentation:
http://www.monsterminingcorp.com/i/pdf/Presentation-Aug2016.pdf
No cash to buy any, but looked very hopeful !
Well if we get a fall pullback in the metals I may add a little more to my position in it as a speculative consideration. With so many eyeballs on Alexco, I have to believe some investors will pull up a map and realize, dang, look at Monster Mining right next to them…. (for example, check out page 4 on their presentation linked above).
(RK.V) (RKHNF) Rockhaven Resources is another company that borders both Alexco and Monster Mining in that same district.
Strategic Metals owns 46% of Rockhaven Resources, so that is another great way to get exposure to their property.
I own Rockhaven, but it’s management does not seem interested on promotion.
I’m more interested in Monster Mining’s land in Keno Hill next to Alexco, and choose to get exposure to Rockhaven through Strategic Metals (since they own close to half of it).
This move today is in anticipation of Alexco announcing production (not happening) and a rumor that Alexco was going to raise $50M to pay off SLW and get their 25% streaming back (not happening)
After another disappointing Quarterly report and hopeless conference cal tomorrow morning with the CEO, Alexco will be back below $US 2.00.
I’d welcome a correction to (AXU) Alexco, to add back the partial position I sold on the news of the dilutive financing. This stock just continues to blaze higher though…
Streamers and royalty companies have less leverage than some miners, but have high visibility among hedge funds, and thus will perform well in this next leg up.
E.g. SAND was almost 10% in last day and a half, NGD gapped up 6% this morning, and I have not checked SLW, FNV yet.
Here we go.
The commercials are taking out idiots who over-leveraged and placed stops too close.
And so it goes.
I notice GLD actually had a withdrawal of 1.15 tones of gold.
Could that be COMEX stocking up, or a hedge fund losing trust in GLD?
I don’t know. I just watch and comment on things interesting!
I would not trust GLD or SLV, with any long-term money, but that’s just my opinion. What do I know?
Ditto on the trust part
I notice Robert Friedland’s vehicle, IVPAF, is up 7% this morning, but it’s RSI is up above 80.Give it a couple of years and this could be a 10 bagger. I never bet against proven brilliant people.
+1 – That’s why I bought a bunch a few months ago, and have been discussing it the last few months, but will admit to trimming into this current strength.
I had suggested that Cory try to interview Robert while at the Sprott conference if possible, to highlight the Ivanhoe story. It looks like the conference did the job of highlighting it well enough though.
Thank you cfs&ex
I can’t believe the commercials are going to go after the stops at $1340; that takes guts!
Or lots of money!
Jim Rogers
Site visit: Integra Gold’s Lamaque Project
Gwen Preston – Resource Maven | 37 minutes ago
http://www.mining.com/web/site-visit-integra-golds-lamaque-project/