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Here’s a company that has a large copper/gold property in the Yukon

Cory
November 17, 2016

Western Copper and Gold (TSX:WRN & NYSE:WRN) caught my eye at the New Orleans Investment Conference. We did not have time to record a segment while down there but we stayed in touch and found time today to introduce the Company to all of you. The President and CEO Paul West-Selles takes time to share the high level details of Western Copper and Gold. With a large Copper-Gold project – the Casino Deposit in the Yukon and permitting underway this is an interesting Company if you want to have exposure to copper and gold.

Click download link to listen on this device: Download Show

Click here to visit the Western Copper and Gold website.

 

Discussion
68 Comments
    CFS
    Nov 17, 2016 17:36 AM

    Mention in this forum first, I believe, by myself a while ago.

    Not as good as Ivanhoe, but a much safer jurisdiction.

    Nov 17, 2016 17:13 AM

    In other news…

    Globex Options Montalembert High Grade Gold Property

    http://globexmining.com/staging/admin/news_pdfs/11-17-16%20Montalembert_Option%20Natan.pdf

    Globex is up 12.5% this morning.

      Nov 17, 2016 17:16 AM

      It was up 20% earlier though.

        Nov 17, 2016 17:56 AM

        Fwiw, I did not sell a single share on today’s quick move.

          Nov 17, 2016 17:56 AM

          Thanks for the Globex update. I’ve been reviewing the list of prospect generators this week since they are a bit more stable than some of the more speculative miners due to their diversification. Globex is looking good as part of that sub-sector.

            Nov 17, 2016 17:57 AM

            GMX has a fantastic risk-reward profile, in my opinion.

            Nov 17, 2016 17:04 AM

            Jack Stoch, CEO of Globex Mining Enterprises Inc., talks Acquiring Geological Assets for Resell
            Jasyn Blair – August 2, 2016

            https://upticknewswire.com/jack-stoch-ceo-of-globex-mining-enterprises-inc-talks-acquiring-geological-assets-for-resell/

            Nov 17, 2016 17:17 AM

            Thanks, I missed that.

            Nov 17, 2016 17:17 AM

            Investors seem to be impressed with the news over at CEO as well:

            @LucTenHave – “$GMX is really working on long term shareholder value. They will get a lot of option payments in the coming years. Their royalty portfolio may not be close to production yet, their option payments look interesting. And their zinc royalty will be in production again next year – especially interesting because of the zinc price at the moment” – 2 hours ago

            anonymous – “This deal is worth more than their current market cap! A no brainier.” – 2 hours ago

            @Highheat – “@LucTenHave Wish I had some cash $GMX Globex looks cheap and self funding even after the bump this morning.” – 2 hours ago

            Nov 17, 2016 17:59 AM

            Thanks again, I agree with those comments. GMX shareholders also get a piece of any exploration successes through the shares they pick up in such option deals.

            Nov 17, 2016 17:19 PM

            Update: I did end up selling a very small amount (less than 1% of my position) when it made a new session high at the end of the day. I had to, on principle, if nothing else. 😐

    CFS
    Nov 17, 2016 17:30 AM

    Klondex Mines drills 3.5 m of 37.7 g/t Au at True North

    2016-11-17 06:35 ET – News Release

    Mr. John Seaberg reports

    KLONDEX ANNOUNCES UPDATED DRILL RESULTS AT TRUE NORTH; DRILLING SUPPORTS EXPANSION OF 710/711 AND COHIBA ZONES

    Nov 17, 2016 17:36 AM

    I liked and bought some WRN months back. At the time I was concerned with a 100km road that needed to be built. But the deposit was so good I figured someone would make it work. Glad to hear of infrastructure improvements.

    CFS
    Nov 17, 2016 17:36 AM

    2016-11-17 07:17 ET – In the News

    See In the News (C-KLG) Kirkland Lake Gold Inc

    The Globe and Mail reports in its Thursday, Nov. 17, edition that some Kirkland Lake Gold shareholders want the miner to open talks with Gold Fields and Silver Standard Resources, arguing that Kirkland was too hasty in rejecting their joint takeover offers. A Reuters dispatch to The Globe reports that Kirkland Lake on Friday confirmed that the two firms had made three joint bids for the miner and recently sweetened their offer to about $1.4-billion. The bidders’ names and deal value were not previously disclosed. Shareholders want the company to disclose more details of the offer so they can weigh it against Kirkland’s planned acquisition of Newmarket Gold. Results of a shareholder vote on the Kirkland Lake-Newmarket deal are due Nov. 25. Kirkland Lake shareholder John Tumazos wrote in a Nov. 14 letter to the miner’s board, “Your shareholders deserve the opportunity to vote on the best offer for the company, and the board has a fiduciary duty to find it.” Mr. Tumazos has voted his 215,950 Kirkland Lake shares against the Newmarket deal, he said in the letter. Kirkland Lake boss Tony Makuch said the only firm offer on the table was Kirkland’s planned takeover of Newmarket.

      Nov 17, 2016 17:51 AM

      I figured those counter offers from Gold Fields and Silver Standard would create quite a stir with shareholders and that it may throw a wrench into the gears of the Kirkland Lake / Newmarket Gold merger.

      This one is going to be interesting to watch unfold….

      GH
      Nov 18, 2016 18:17 AM

      Thanks, CFS.

      I actually flagged DRYS as potentially beginning a new move the day before it began its moon shot. About +2000% in four days, and then -85% in one day!

    Nov 17, 2016 17:49 AM

    Porphyry Copper – Gold Mineralization Intersected at Del Norte Property in the Golden Triangle
    November 8, 2016, Vancouver, BC: Teuton Resources Corp. $TUO $TEUTF

    “After the three holes were completed, Simcoe Geophysics ran a magnetotelluric survey over and beyond this target area. Preliminary profiles have been received which show much higher zones of conductivity adjacent to the area drilled. Simcoe’s geophysicist plans to incorporate all relevant geological data, including the remaining holes drilled in 2016 (as well as nearby holes drilled in 1992 and 2014), before completing a final report. The report should be ready early in 2017.”

    D. Cremonese, P.Eng, President of Teuton, commented as follows: “There has been speculation for over thirty years that a porphyry copper system underlies the Del Norte property. Based on previous work, including soil and silt geochemistry, mapping of alteration patterns and diamond drilling, the area within which such a system could be found is at least five square kilometres in size. The 2016 drill results in themselves are encouraging, but more work will be necessary to define the location of the potential higher grade core of such a porphyry system. Typically, copper grades improve as one goes from the outer shell into the more mineralized center and it is likely that the current drill holes are still in the outer, pyritic shell. Final analysis of the magnetotelluric survey results should help to define zones where mineralizing intensity is greatest, showing us where to drill in 2017.”

    “Assays for the three other target areas selected for drilling in 2016 in the Del Norte property are still awaited.”

    *** [does anybody know when these other assays are due out from Teuton?] ***

    http://teuton.com/blog/2016/11/08/porphyry-copper-gold-mineralization-del-norte/

    Nov 17, 2016 17:03 AM

    I hear CS is going to DELIST UWTI and DWTI! They might go OTC. Just a heads up. I have never been through an ETN delisting. Can anyone shed some light on this? I trade this on two different accounts and currently am bag holding on my cash account. Thanks!

    Nov 17, 2016 17:08 AM

    IDM Mining: Attractive PEA for Red Mountain Gold Deposit – Production Decision Pending

    Published on Nov 17, 2016

    IDM Mining: Attractive PEA for Red Mountain Gold Deposit – Production Decision Pending. Interview with President & CEO Robert McLeod

    https://www.youtube.com/watch?v=9zmizYWd2Bc

    Nov 17, 2016 17:57 AM

    Gold putting in a bottom here! Look for a reversal soon or tomorro in miners as well.

      Nov 17, 2016 17:46 AM

      I pray you are correct. We are on a knifes edge, no doubt.

    Nov 17, 2016 17:58 AM

    Looks like Silver just took a Bruce Lee chop to the jewels. ALL HAIL DSLV!

    Nov 17, 2016 17:49 AM

    What a turn the miners have made. Gold and GDX are riding on their 100 WMAs. Balls of steel needed to hold here.

      Nov 17, 2016 17:51 AM

      Big trend changes are always followed by big and convincing shakeouts:

      http://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=6&mn=0&dy=0&id=p95500838401&a=487177468

        Nov 17, 2016 17:56 AM

        Although we may fall further down to whatever number experts want to give 1180 etc, you are bang on Matthew in you assertion.

        Spanky I’m not sure if that was the bottom but my call was bang on in the timing of it and if it indeed goes up from here it’s nothing more then oversold conditions and sentiment of which Matthew and myself spoke of yesterday. I have no doubt miners will breakout further. You go check every site and it has nothing but bears screaming for bear trend.

        Let’s see what happens and wait till at least next eeek.

        Nov 17, 2016 17:12 PM

        Yes, I have noted the analogy to the top and back test of the 100 WMA at the start of the bear market. At the top, the 100WMA held solid, although intraweek the miners may have dipped just above that MA.

      Nov 17, 2016 17:52 AM

      Balls of steel are still an asset though.

        Nov 17, 2016 17:58 AM

        brother matt I couldn’t have said it better myself jaja

    Nov 17, 2016 17:07 PM

    Over at Gary’s site I can’t believe how much criticism he takes from posters who are absolutely clueless. If you want a good dose of bipolar trading or impulsive decision making from one second to another, then go take a look. Folks the only way to make money is either buy low and sell high or add when price is attractive. Miners are screaming attractive imo. We will see 12 months out of this was indeed a beautiful gift. I tend to believe it is.

      Nov 17, 2016 17:12 PM

      Me too Glenfidish. Absolutely everything to play for from hereon out.

      Nov 17, 2016 17:12 PM

      Sounds like Gary has an abundance of pollywogs in his little marsh. 😉

        Nov 17, 2016 17:49 PM

        Matthew….The bird had to land somewhere….

    Nov 17, 2016 17:15 PM

    $1201 is surely toast. The commercials can taste it.

      Nov 17, 2016 17:51 PM

      It’s such an obvious level for sell stops that you are probably right.

    Nov 17, 2016 17:15 PM

    Nice chart matt! It screams higher.

    If anyone here believes trump will be fisically responsible and do the correct thing we’ll them you are going to get it handed to you. We will print more money under his term then we can all imagine. We are talking about a typhoon in realstate and property. He will do whatever it takes to make sure those assets remain high and rates don’t affect them.

    Unless and that’s a big unless a black swan event or some market powers cause rates to go much higher then we are headed for higher everything. This includes food prices, gold, oil, equities, home prices etc etc. There will be market corrections like always and Dow may get a big one soon but it will be continuously higher I believe unless again unless rates or a black swan cause the markets to crash. So next 4 years will be painful to the average citizen because cost will soar.

    I know some of you have spoken about chinease not buying treasuries and the bond bubble would cause rates to go up on its own without intervention etc. I’m. It sure if this will happen soon but if you are one that believes that raise your hand and tell me why and a realistic time frame.

    Nov 17, 2016 17:28 PM

    Matt

    Your $1190 sounds good to me which coincides as a typical undercut low that Gary likes to mention, you know the sweet spot were most sell to the bankers..

    Nov 17, 2016 17:41 PM

    A possible outcome over the next 12 months could be 2 or 3 rate rises along with plenty of chin wagging propping up the us dollar along with certain sectors of the stock market. Thus allowing the status quo to remain so the head honchos can continue to line their pockets in anticipation of a bubble pop in any one of several sectors. Obviously in light of such a scenario playing out, metals would likely erase all gains and possibly reach new lows within this bear market. Gold to 3 figures???

    Nov 17, 2016 17:48 PM

    If CFS info is correct, then the debt problem within the US is mind boggling on many different levels. I knew the student loan default situation was a problem, however i didnt envisage the figure being so huge. 8.1mill students in default territory adding to $4.1 trillion in student loan debt is unfathomable. Thats 8 times bigger than Australias overall debt burden. But that works out to be an average of over $500,000 debt per case. Am I missing something here???

    GH
    Nov 17, 2016 17:59 PM

    This is the first time Ive heard a number that high. Usually I hear 1.3 trillion.

    E.g. here: https://studentloanhero.com/student-loan-debt-statistics/

      Nov 17, 2016 17:25 PM

      Yeh GH maybe he meant 1.4 trill instead of 4.1

    Nov 17, 2016 17:46 PM

    The Fed has done another masterful job. Stock market about to break out vs commodities for new real highs.

    Courtesy of the BoJ. We should have seen this coming. The BOJ will send the Yen to zero to pleasure the Fed.

      Nov 17, 2016 17:53 PM

      A move to new highs will be a bull trap. The market is on borrowed time.

      SPY:CRB weekly:

      http://stockcharts.com/h-sc/ui?s=SPY%3A%24CRB&p=W&yr=19&mn=3&dy=0&id=p62356034714

        Nov 17, 2016 17:21 PM

        I agree nothing goes up forever, but it’s been almost 9 years since the Fed backstopped the whole rotten system, and to me at least it seems like every dime is being forced into the stock market. gold seems utterly correlated to the yen, and the BoJ is clearly committed to drive the yen into oblivion.

        Gold looks to me like it is headed back to the 200 month MA.

        I am still long and above water. I got in early in the miners last year. I knew that I was going to go all in in the hopes of catching a real bull in the miners (no trading) and that I could end up losing all of the gains if I was wrong. Well, it’s easy to say, but I don’t feel any less like a total sucker.

        The CBs are in total control. As long as they collude and coordinate policy (especially the BoJ), they can keep their boot heel on commodities, letting them rise a little bit every now and then to keep the big miners solvent. they have multiple printing presses and they are using them to perfection. It’s glorious.

        GH
        Nov 18, 2016 18:42 AM

        James Flanagan at Gann Global offers some historical context:

        http://www.gannglobal.com/webinar/2016/November/GGF/16-11-GGF-Video1.php?inf_contact_key=9337d28fcf3397a958959f700b524735eb41f625574727a72eb246ace54f976f

        I think it’s either a bull trap or we’re heading into hyperinflation. I lean toward bull trap for now.

          Nov 18, 2016 18:02 AM

          Thanks GH. I always have time for James Flanagan and agree with you about the bull trap in stocks.

    Nov 17, 2016 17:48 PM

    yellen and bernanke are true American heroes. Absolute master class.

    Nov 17, 2016 17:54 PM

    It’s funny to hear the same guy(s) making the same arguements while their arguement is falling aprart at the same time.

    Geez talk about not seeing the forest for the trees

    Totally oblivious

    Nov 17, 2016 17:01 PM

    Trump is the game changer

    Gold is done

    Next months rate hikes sinks it further

    $is breaking out strong

    Nov 17, 2016 17:47 PM

    Well. It certainly feels like the PM bull is over. There is always the possibility Gold will stabilize in the 1180-1200 zone, then resume the bull, I guess. I’m waiting to see.

    I was able to double my money in 1 year, so I could walk away completely. Although, there may be a divergence of silver and gold miners soon, so I’ll keep small positions in those regardless.

      Nov 17, 2016 17:09 PM

      It certainly does. Can’t see a double bottom. The 200 month MA around $900 will be the next target if gold breaks down below its 100 WMA.

      The US stock market looks set to repeat a 1998-2000 style blow off.

        Nov 17, 2016 17:38 PM

        I think you guys are seriously jumping the gun with your bearishness. Sentiment needed a reset and now we’ve got just that. The more certain a young trend looks, the harder the big money will work to get you to doubt it.

        Gold has only retraced half of its last big run but it feels like more to most people because of the speed and volatility of the decline — not to mention their lack of profit-taking in the miners.

        Gold is now oversold and should bounce soon, but will probably continue to try your patience for the rest of the year.

        http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=1&dy=0&id=p43198057490&a=488007559

      GH
      Nov 18, 2016 18:08 AM

      Gold majors have just now achieved the average retrace that is typically seen after the first upleg of a new bull market. No reason yet to suspect the bull is over, especially given the fundamental backdrop.

      James, what’s the duration of the typical horse race? This might be more the time horizon suited to you. Day trading, perhaps?

        Nov 18, 2016 18:19 AM

        Exactly. The fundamental backdrop is everything.

        GH
        Nov 18, 2016 18:54 AM

        Gary Savage makes a bull case for the gold market:

        https://blog.smartmoneytrackerpremium.com/2016/11/gold.html

          GH
          Nov 18, 2016 18:02 AM

          He also now admits the possibility that the general stock markets may now be heading into a bear.

          He’s been predicting a new 7-year cycle and that we’re headed into a new bull phase that would end in a blow-off bubble top, and insulting anyone who disagrees with him for the past year.

          Lame.

          I’m a fan of Gary’s, and I defended him here on KER back when he got chased off. But he needs to man up, eat some humble pie, and moderate his obnoxious ‘everybody but me always gets it wrong’ rhetoric.

          https://blog.smartmoneytrackerpremium.com/2016/11/chart-of-the-day-258.html

    Nov 17, 2016 17:46 PM
    Nov 18, 2016 18:32 AM

    Im not so sure that sentiment needed a reset. I mean gold only recovered 300 odd dollars from its low around $1040. It is has now retraced nearly $130 since wednesday last week. In the grand scheme of things, its gains, whilst solid, have been sedate at best the last 6 months. Ditto for silver really.

    Hes got plenty of knockers here and i do think he fluctuates his bias according to the mood but james the lessers figure of 1360-1370 has stood as solid resistance for nearly 3 years now. Apart from a brief spike in july this year and march 2014, this figure he mentions (i think 1363 to be exact) has performed its role as resistance perfectly. Gold and silver need fresh impetus for a sustained move back to this level and then consistent high volume on the buy side of pms for it to pierce this resistance. Where that comes from, im not sure at this stage

      GH
      Nov 18, 2016 18:11 AM

      Ozi, this upleg in gold stocks this year was one of the 15-or-so most powerful up-legs in any commodity in the past 200+ years. I do think that requires a sentiment reset.

        GH
        Nov 18, 2016 18:04 AM

        Besides, how are the big boys supposed to become quadrillionaires if they don’t stampede the herd from one extreme to the other?

      Nov 18, 2016 18:18 AM

      -That $300 was a large percentage gain in a short time for a currency
      -JTL never posted anything actionable or objective

      Sentiment got as bullish/euphoric as it had ever been by a number of measures. The BPGDM, for example, hit 100 for the first time ever as the miners all became very overbought after delivering record gains. Gold itself also became overbought and scary pullbacks are completely normal for all bull markets — especially bulls that pertain to gold or commodities in general.

    Nov 18, 2016 18:00 PM

    Surely this classifies as more than a scary pullback though. The mere fact that gold could not recover half of its losses from its all time high in the midst of perceived incredible bullishness sentiment shows that there are other factors driving the pms. I dont know, im just thinking allowed here, gold and silvers moves were impressive in the first half of the year but they seem to be acting as though they are under great capping pressure.