Exclusive Insights on the Gold Market – Tue 6 Jun, 2017

David Erfle – Is This Breakout In Gold Stocks For Real

A very nice move in gold and the underlying stocks. The Junior Miner Junky, David Erfle, takes a look at the breakout that we are seeing in the sector. David shares a stock that he is using as a barometer for the juniors as well as outline all the news events that have the potential to drive markets over the next to weeks. These news events include…

  • The UK Election
  • Comey’s testimony
  • ECB meeting
  • Next Week – Fed Meeting
  • Next Week – GDXJ Rebalancing.

Click here to visit David’s site. As I mentioned this is one of the best new newsletters that I have seen

Click download link to listen on this device: Download Show


Featuring:
David ErfleCory Fleck
View related posts on: , , ,

Comments:
  1. On June 6, 2017 at 11:57 am,
    Tony says:

    RYE Patch halted.
    What’s up with that.
    Maybe Osiko wants them?

    • On June 6, 2017 at 12:09 pm,
      Dick Tracy says:

      Osisko will soon be the prey, the predators are watching!

      • On June 6, 2017 at 12:24 pm,
        Excelsior says:

        Osisko just took out a 19.9% stake in (MAI) (VGMTF) Minera Alamos, so that or Falco seem like the most likely takeout candidates. (Corvus has their name in the hat as well).

        ____________________________________________________________________

        $MAI $VGMTF Minera Alamos Announces #StrategicPartnership with $OR Osisko Gold Royalties
        May 30, 2017

        #Gold #Development into near-term #Production #Mexico

        “As a result of the Osisko Placement, Osisko owns approximately 19.9% of the common shares of Minera Alamos on a non-diluted basis.” (ding ding ding)

        http://mineraalamos.com/news/?id=509

    • On June 6, 2017 at 12:22 pm,
      Excelsior says:

      Tony – just the long-awaited capital raise from RyePatch that Inkakola has been droning on and on about for months. Now we can focus on how they do ramping up into full production during the balance of the year.

      _______________________________________________________

      Rye Patch Gold Announces Bought Deal Offering of $10M

      by @newswire on June 6, 2017

      https://ceo.ca/@newswire/rye-patch-gold-announces-bought-deal-offering-of-10m

      • On June 6, 2017 at 6:54 pm,
        Imtiaz Rahmat says:

        Not a huge dilution for expansion purposes. I would have been concerned if the dilution wiped out current shareholders or was for sustaining current state of operation. Almost $20 million with this bought deal, sale of ~3000ounces of gold and the royalty. Hopefully management is smart with his money and commercial production is achieved as the market expects nothing less.

        • On June 6, 2017 at 7:57 pm,
          Excelsior says:

          Agreed Imtiaz Rahmat. As mentioned on the weekend show, the NSR sale for $5 million wasn’t going to be enough, but most have discounted the actual Gold & Silver sales that RPM will making as they continue to ramp up into commercial production (and those will be substantial and growing).

          Bill and the team have been very good stewards of company funds for the last few years, and have repeatedly stated in interviews and releases that they have worked hard not to be overly dilutive. I see no reason to expect any change in their savvy history of making solid decisions to advance the company.

  2. On June 6, 2017 at 12:19 pm,
    Excelsior says:

    NOVO ANNOUNCES CHANGES IN MANAGEMENT TEAM, APPOINTS NEW CEO AND CFO
    June 6, 2017

    “Novo Resources Corp. $NVO $NSRPF is pleased to announce it has appointed Robert Humphryson as the Company’s Chief
    Executive Officer. Dr. Quinton Hennigh will become Novo’s first Chairman and retain his position as President.”

    http://novoresources.com/_resources/news/2017-06-06.pdf

    • On June 6, 2017 at 1:08 pm,
      Cory says:

      I am working to get Quinton and the new CEO Rob on the show. Hopefully we can all meet Rob soon 🙂

      • On June 6, 2017 at 7:58 pm,
        Excelsior says:

        It would be nice to get an update on Novo Resources from Quinton and Rob. They’ve had a lot of news out lately, and they are working to advance a few areas of the company’s assets.

        Thanks Cory.

  3. On June 6, 2017 at 12:23 pm,
    OOTB Jerry says:

    Shake up is coming……out with the old, in with the new bird brains…….Dr, of Rocks….

  4. On June 6, 2017 at 1:00 pm,
    CFS says:

    ira epstein metals TA
    https://youtu.be/yyWS1EtJgvg?t=33

  5. On June 6, 2017 at 1:13 pm,
    CFS says:
  6. On June 6, 2017 at 1:44 pm,
    CFS says:
  7. On June 6, 2017 at 2:00 pm,
    Matthew says:

    The week is far from over but the weekly gold chart looks great so far:

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=3&mn=3&dy=0&id=p13829352845&a=528093806

  8. On June 6, 2017 at 2:08 pm,
    Matthew says:

    I drew the arrows on the following chart 5 days ago but, as you can see, GDX is making up for lost time:

    http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=5&dy=13&id=p99803605892&a=526025805