A couple quick comments on the S&P and the USD
A quick market wrap for everyone to consider moving into tonight. I outline a couple resistant level that I think the S&P and USD will have trouble pushing through. Also we need to be aware of the ECB meeting conclusion with announcement early tomorrow.
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The US after The Lyndon Johnson years has become a nation of poverty. There is no guarantee against poverty equal to a job for every man and woman. People heed a job not welfare. DT
Big Al will vote for Trump because he doesn’t like him but he likes what Trump wants to do for America, now I would have to say that Big Al is on the right track. DT
Big Al is a businessman, therefore he should understand how Donald Trump wants to run a fiscally responsible America, nest-ce pas?
UK picked the Creamer story up
Robert Creamer was shoved aside Tuesday after a video sting showed him discussing large-scale voter fraud with an undercover interviewer.
Trump will win just like the Breexit, the poll are rigged.
Only Trump can expose so many on all different levels. He’s the right man at the right time! No one else could do what he has done. Nobody!
Being biased is a form of rigging in these debates; whenever the moderator asks a question the first person he directs the question to is Hillary Clinton. DT
Hillary can distract and deflect with the best of them. She is a great liar, however, it no longer works for her.
Hillary will loose the election, “if” it’s not rigged. I think they are rigging the polls because the voting machines (owned by Soros) will be rigged.
Interesting times…
real estate in venice: Mozart’s condo up for sale in venice…any takers here? maybe bonzo could sell a few shares of stock & buy it?
If Mozart were alive today he’d be featured on MTV’s “Cribs” show.
A great deal of time was just invested into preparing a post for a friend on CEO regarding which mining companies have the most leverage to rising prices. Some of it has been tweaked and updated from posts on the weekend show, but I thought I’d post these Charts & thoughts here for anyone that likes investing in the higher risk mining companies: (in pieces since we can only do one link at a time)
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@Excelsior – “It has generally been the Small #Producers, #Development Stage companies and #Explorers that have outperformed the #Majors , #Midtiers, and #Streaming companies in a bull market. There is virtually nothing that can best a hot #Exploration company with a big discovery, but these are incredibly hard to pick and it is like picking a needle in the haystack. This is the biggest reason people follow winning management teams, because success leaves clues. I love exploration plays, but generally focus on the Small Producers and Development Stage companies because they have already de-risked their projects some and have proof of concept through a PEA or Feasibility Study, the permitting is on track, they may have some infrastructure in place, or they are already producing. The ones that have exploration upside in addition to this are the real gems.
Before I get to the discussion of which Gold miners have the most leverage to rising metals prices, I am going to circle back around to the Silver Miners to illustrate this point. Here is graphical answer of the report cards Year-To-Date to take the opinion & bias out of things and simply show the data
To start, while I believe First Majestic is a well-run company and did very well this year, it is FAR from the best performer nor does it have the most leverage in the Silver mining sector:
*It is easy to see the out-performance of the Smaller Jr Silver Producers and Jr Silver Development companies over First Majestic on this Comparative YTD Line Chart. (you can click & hover on each of the colored lines to highlight the differ companies ticker):
Americas Silver, Impact, Excellon, Santacruz, are the Small Silver Producers
Aurcana, Alexco, Bear Creek, Brixton, and Minco, are the Jr Silver Development companies
—> Again, First Majestic outperformed most of the larger #Silver companies, so you’ll see this was the case with the Silver Majors compared to the Silver Jrs on the following few charts:
**It is easy to see the out-performance of the Smaller Silver Producers over the Larger Sr. Silver Producers:
Impact, Excellon, Americas Silver, and Santacruz are the small Silver Producers
Tahoe, Fresnillo, Pan American, Silver Standard, and Endeavour are the Sr Silver Producers
***It is easy to see the out-performance of the Jr Silver Development Stage companies over the larger Sr. Producers:
Brixton, Alexco, Aurcana, Minco, Bear Creek are the Jr Silver Development companies
Tahoe, Fresnillo, Pan American, Silver Standard, and Endeavour are the larger Sr producers
This comparative Line Chart shows just how well some of the Silver Exploration plays have done in comparison to SIL (proxy for household Silver names)
Silvercrest, Defiance, Orex, Canasil, Dolly Varden, Silver Bull, , Metallic Minerals, Golden Arrow, Prospero Silver are the Explorers —- versus (SIL)
Silvercrest, Canasil, and Defiance had some of the best drill results this year, and so they trounced almost all mining companies. This is why reviewing corporate presentations, following news releases, and getting positioned when a drill campaign is announced but before the results are announced can be a useful fundamental strategy (although highly risky – as they may drill dusters or duds).
SilverCrest Receives Underground Drilling and Bulk Sample Permit; Extensive Phase II Exploration Program to Commence in November 2016
VANCOUVER, BC – October 20, 2016
http://silvercrestmetals.com/news/2016/index.php?&content_id=297
Here is a BAR Chart of the Year-To-Date position of the JR Silver Companies in relation to First Majestic for a different perspective:
—–> OK, so having laid out the scenario with Silver miners, let’s now look at the Gold Miners. Again, just like with Silver, the largest percentage gains will come from the Exploration companies, but they are like finding a needle in the haystack = follow the winning teams. I’m not going to get into the Explorers in this though because there are hundreds of them. We’ll look at the Small producers and Development Stage companies.
—> First of all if you had asked me earlier in the year I would have told you my favorite 2 Gold companies were Jaguar Mining as the best turn-around story in the Small Gold Producers, and Mexus Gold was my favorite Gold Development -Stage company. (I even threw Mexus into the mix for the 2016 #GuruChallenge ) I was posting about them both all year on the KER, but didn’t join CEO until this summer. Regardless there are very few following Jaguar or Mexus if you check out their rooms. I like dozens of Gold companies but since those get so little focus I thought I’d mention them again.
****It is easy to see the out-performance of the Smaller Gold Producers over GDX and GDXJ (proxies for they household Sr Gold Majors, Mid-tiers, and Streamers):
{many of the companies I would have put on this list were also already acquired this year Claude, Lakeshore Gold, Newmarket}
Argonaut Gold, Jaguar Gold, Richmont Mines, Marlin Gold, Gold Resource, Caledonia Mining, Klondex, and McEwen Mining.
*****It is easy to see the out-performance of the Jr Gold Development Stage companies over GDX and GDXJ :
Mexus Gold, Luna Gold, Monarques, W. African Resources, Victoria Gold, Belo Sun Mining, Pure Gold, Golden Reign
Hopefully these charts for bott the Silver and Gold miners help illustrate the main points, but these lists are not exhaustive and there are plenty of other quality miners that could have been used to illustrate the same point of the general out-performance of the quality Jrs over the more stable and “safer” Srs. Cheers!
Here is a BAR Chart of the Year-To-Date position of the Jr Small Gold Development-Stage companies in relation to (GDX) and (GDXJ) for a different perspective:
Mexus Gold, Luna Gold, Monarques, W. African Resources, Victoria Gold, Belo Sun Mining, Pure Gold, Golden Reign
Here is a BAR Chart of the Year-To-Date position of the Jr Small Gold Producers in relation to (GDX) and (GDXJ) for a different perspective:
Argonaut Gold, Jaguar Gold, Richmont Mines, Marlin Gold, Gold Resource, Caledonia Mining, Klondex, and McEwen Mining.
@MiningBookGuy @TheNextBigRush and @Jayfire have a new ‘informal chat’ segment.
@MiningbookGuy makes some good points about “near term optionality” plays versus the other “need much higher metal prices optionality” plays. @TheNextBigRush makes a good point about how gains of “only 100%” may be cutting things very early in a mining stock’s run, and the question becomes what do you do with those profits? Should you enter the profits into another company, or hold the cash to buy back the original company on a pullback? @Jayfighter makes some great remarks about how Exploration plays can be some of the most explosive gains, but that they are high risk. He also highlights the value in the Jr Producers and Development-Stage companies as having upside but being more de-risked.
100% ROI is just the beginning
Ex.. are you still liking NIM-V? Thank-You!!
Hi Ann,
Yes I posted a Nicola Mining updat her on the KER on Tuesdays’s market wrap. I post more frequently about it on CEO though.
Here’s a link the NIM room on CEO, and there are a number of more detailed comments if you scroll back up the page from recent to older….
updat her = update here
Much appreciated.. you are the best!! Tied with Matthew!!
Thanks Ann. May you have a prosperous end to the week.
(PTM) (PLG) Platinum Group Metals – Positive Results For The Waterberg Project
Oct. 20, 2016 – Fun Trading (4,065 followers)
*This is a significant Merger between Centerra & Thompson Creek
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Centerra Gold Inc. and Thompson Creek Metals Company Inc. Announce Completion of the Plan of Arrangement Creating a Leading Low Cost Geographically Diversified Mid-Tier Gold Producer
TORONTO, ON and DENVER, CO–(Marketwired – October 20, 2016) –
“Centerra Gold Inc. (TSX: CG) and Thompson Creek Metals Company Inc. (TSX: TCM) (OTCQX: TCPTF) announced today that they have completed the Plan of Arrangement (the “Arrangement”) previously announced on July 5, 2016, pursuant to which Centerra acquired all of the issued and outstanding common shares of Thompson Creek.”
More Bad News for Japan Inc.
Rick Ackerman, Rick’s Picks
— Published: Thursday, 20 October 2016
Gold Miners: The Lull before the Calm before the Storm
Bob Kirtley — Published: Thursday, 20 October 2016
Lydian Starts Site Earthworks at Its Amulsar Gold Project
TORONTO, ONTARIO–(Marketwired – Oct. 20, 2016)
Gold Standard Ventures Drills 47.3 Meters of 0.64 g/t Gold West of Main Dark Star Oxide Gold Deposit
VANCOUVER, BRITISH COLUMBIA–(Oct. 20, 2016)
Funny comments out today about Rubi-Con
@dirkdiggler $RMX ~ “Rubicon Minerals Announces the Commitment of George Ogilvie as President and CEO and a Proposed Restructuring Transaction including a C$40 million Equity Financing”??? So, let’s dig a deeper hole maybe.
Rubicon Minerals Announces the Commitment of George Ogilvie as President and CEO and a Proposed Restructuring Transaction including a C$40 million Equity Financing
TORONTO, ONTARIO–(Marketwired – Oct. 20, 2016)
Maybe they’ll be able to restructure, do more drilling, and right the Rubicon ship, (ala the work Luna Gold or Orezone has done to get their projects back on track)
$RMX “Existing Rubicon shareholders will, in aggregate, retain approximately 5.0% of the equity interest in the Company on implementation of the Restructuring Transaction;”
@mike “$RMX.to – Awful nice of em to part with 5% on the co… #bandits “
Congo takes Freeport, Lundin to court over sale of Tenke Fungurume
Cecilia Jamasmie | a day ago
http://www.mining.com/congo-takes-freeport-lundin-to-court-over-sale-of-tenke-fungurume/
TSX Delisting Review – Rubicon Minerals Corporation (Symbol: RMX)
TORONTO, Oct. 20, 2016
@TheGalvanizer – “$RMX downgraded to J9 ”
http://cdn.ceo.ca/1c0htr6-How%20do%20you%20like%20your%20toast.jpg
For investors that place all their eggs in just 1 or 2 stocks (which is INCREDIBLY HIGH RISK) – This Rubi-Con example is very illustrative.
This is what the implosion and aftermath of sloppy and negligent mining reads like:
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@Allan – “I had a couple lawyers call me a few months ago with questions about a class action lawsuit against $RMX. This latest action should get the lawsuit going. ” from #index, about an hour ago
@dirkdiggler – “$RMX is attempting to better define the narrow vein structure(s) at Phoenix – it’s possible they won’t be anywhere near economic, even after millions are poured into tighter spacings with the drill. Class action lawsuit to pursue what…..?” from #index, about an hour ago
@dirkdiggler – “That might be @Allan, and if there was any meat in the asset to pursue, it might be a slam dunk to win. But we’re talking guts n feathers here…..there’s NOTHING for the plaintiffs, except perhaps the lawyers themselves, to benefit from. $RMX” from #index, about an hour ago
@dirkdiggler – @Allan. A class-action on top of this disgusting debacle is bound to get dragged out for years, and yield the participants (disgruntled shareholders), zip, zero, nada. $RMX” from #index, 40 minutes ago
@Brandon – “It will make lots of money for lawyers, though. $RMX ” from #index, 40 minutes ago
@JamesKwantes – “The fact $RMX got no sniffs from majors, mid-tier etc says it all” from #index, 38 minutes ago
3 Reasons Why We’re in a Silver Bull Market: David Morgan
Posted By Smallcappower – October 19, 2016
http://smallcappower.com/videos/expert-videos/3-reasons-silver-bull-market-david-morgan/
Collingwood company pioneers with battery-operated mining vehicles
A new battery operated vehicle from Maclean Engineering.
Collingwood Connection
By John Edwards
BHP Sees Imminent Turning Point in Nickel With Deficit Looming
Rebecca Keenan – October 20, 2016
Nickel bulls talk up industry at Perth conference
Stuart McKinnon – The West Australian on October 20, 2016
Check out TLTFF News.
KER had reall made strides the last year. As per some of ydays responses, Al, finishing strong spiritually trumps everything.Keep sseking HIM.