The continued discrepancy between the gold price and gold stocks
Doc is with me today to address the lack of movement in gold stocks compared to the nice moves up in the gold price. Typically the stocks lead the underlying gold price so this could be a sign that a slowdown is around the corner. It is worth considering that March is typically a good month for gold…
We wrap up the conversation discussing what data or news could drive gold significantly higher in the coming months.
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Off Topic:
Nige at CPAC full speech:
Platinum (up $18) is leading again and PPLT is OK on good volume.
French Financial Prosecutor Opens Full Judicial Inquiry Into Conservative Presidential Candidate Francois Fillon
Associated Press – 34 minutes ago
Richard & Cory Greece is suffering bike time !!!!!
Cory, Doc, Al, et al,
Do you know Joe Conway who is returning on March 6 as CEO of PPP? What do you think of him? If he is an ace I might buy a lot more.
Definitely an ace! I road Conway with iamgold from $3.80 to 22.80 and then sold at 15.80 when resistance was broken but remained with 80% of my shares and road that down to $1.50 to current price. Not selling iamgold at all. I thought you would want to know that during that 3.80-22.80 stretch which happened in less then year give or take, it was all Conway. In fact conway built iamgold mostly via acquisitions with a combination of money and shares. He is the real deal thank me after.
Glen ! Cool is the way don’t sell !!!
Thanks for the info, Glen. BB; not investment advice but added a little to my position today.
Eldorado Gold ; Richard off 10 % today a buy ? Thanks !
James, IMO not quite yet—it looks technically on the weekly chart that you might get it for $2.50 if you’re patient enough—maybe in about 3-4 weeks—thanks for alerting me to the stock—I’m going to put it on my watchlist to purchase when I think it technically bottoms.
Thanks doc and James anytime you guys come across a CEO who you believe is the real deal please send my way. I like to keep a record of proven ceos over the years as well as members of the board of directors. In my strong opinion it all starts from the top. I know you guys think similarly.
Thanks Glenfidish. I bought more PPP@.67 this afternoon before I read your reply, but will sleep better this weekend after reading it. Conway all the way back to $8
Bonzo be patient and you will get rewarded. I’ve spoken to Conway via email on few occasions and he is a class act. Old school mining pioneer.
Thanks Glenfidish. That more reassuring with Conway at the helm.
Looks like someone is trying to paint the tape positive for week’s end in the last 30 minutes. Nothing ever changes………..
Bill talked about this yesterday: http://www.stocktipster.net/index.php/2017/02/24/metals-up-miners-down-what/.
Take warning everyone. I just bought more PPP@.67 and CDE@8.77. Watch’em tank now!
BB; I added to my PPP position this morning.
Hi Doc, Matthew also bought more PPP today. I hope Joe Conway can work some magic when he returns as CEO next week.
If Joe Conway can bribe someone in Mexico to restore the old agreement they made several years ago, then PPP should pop.
That and get the strikers back
I also expect the silver stream agreement will be reworked for everyones benefit and I suspect it will involve including the new concessions for a increased sale price and reduced % of silver included in the stream. Same goes for the gold stream. With the new discovers in areas not covered by the stream, the agreement will get reworked in everyones favor. The alternative is for Primero to reduce the impact of the streaming agreements by fast tracking the zones not covered by streaming into production. This is something they are already working towards at Black Fox.
I am likely going to take my profits on my atc and buy some more P next week. I think the near term upside of P is much greater. ATC will have its day but probably not till a bit later this year.
Peter, I would agree with you about ATC—IMO, It has topped here and will head down for awhile.
Catch of the day: NSU @ $2.32, but there went 94% of the dividend.But they have Timok!
Adam Hamilton has made a valid point about the immediate future looking bright for gold (and silver be default too). He explains that unlike last years initial rally, this years gold market is yet to be affected by futures speculators. Instead, this rally is off the back of US stock investors via gold etf’s and Asian buying. Essentially, there is plenty of $ sitting on the sidelines still waiting to get on the long side of this current gold price push. It remains to be seen whether the specs will enter on a long position in the interim but with shorts possibly experiencing a short squeeze, things could be looking increasingly positive for gold.
Definately not getting carried away mind you. This market could easily reverse for no reason, as we have witnessed in the past
Da Boyz are playing hardball with the miners today