Updated Comments on Gold, US Markets, and Crude
We are all back from the Rye Patch site visit and will be posting pictures and videos later today.
Rick Ackerman kicks us off today with some updated targets and thoughts for gold, US markets, and crude oil. The crude oil comment Rick makes at the end is particularly noteworthy.
Click here to visit Rick’s site for more technical commentary.
Click download link to listen on this device: Download Show
SLV hopped above important resistance today;
http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=0&dy=13&id=p97454766061&a=529921390
Andy Hoffman, not looking for oil to go anywhere……FSN
Once burned by JAG twice shy.
I don’t blame you. Luckily, I never owned it until last year staring in the .20s. Then, by the time it dropped back to the .30s, I had been out of it completely for months.
With the new management and new bull market, it represents a legitimate and appealing opportunity.
Agreed. Jaguar has been through some rough times, but those are in the rear-view mirror, and they’ll produce 90,000 – 100,000 ounces this year and 100K+ next year, they have multiple mining complexes, a mine on care and maintenance, a large development project, and 2 good exploration projects (not to mention the new land they just picked up).
They have a new team, a tighter share structure after their collapse and restructuring of the balance sheet, and used to be a $6 stock. They were a Kitco list household name in the last metals cycle, that hardly anyone remembers now, and I’m amazed at how undervalued they are relative to their Producer peers with similar production and operational costs.
JAG is going to have a lot of torque to the upside when the metal prices take off, but even now, at current metals prices, they have a lot of upside potential to get their share price re-rated just up to some of the same metrics as their peer group.
I’ve traded in an out of it, but have been adding a bit more lately, as we are in the right place in this metals cycle to get a nice ride.
What are you guys talking about? Worldwide demand for oil has increased for the last 40 years. Demand side of the equation.
Check this out: https://twitter.com/jessefelder
scroll down to the 9th graph. Interesting.
No, should have said the 9th tweet. Shows a graph of Lewthold Group. Seems to suggest a drop in crude is coming, like Rick says. Sorry.
Thanks, I wondered what I was missing.
You’re correct; it’s a supply issue.
Yes, supply exceeds demand.
Bingo.
Russia plans to increase US uranium market presence from 25-35% by 2020
EUGENE GERDEN | JUNE 22, 2017
Fake news………… 🙂
Haha! nice. Those darn Russians are at it again…. (lol)
In all serious, it was an editorial, but seems to be on target as the Russians do have a preeminent position in supplying the world with Uranium, Reactors, underfeeding secondary supplies, and are major players in the space. (just ask Frank G.)….
That’s OK though, as Canada is getting into the action with their Molten Salt Reactors.
____________________________________________________________________________
Canadian siting studies for commercial IMSR
22 June 2017
“Terrestrial Energy has begun a feasibility study for the siting of the first commercial Integral Molten Salt Reactor (IMSR) at Canadian Nuclear Laboratories’ (CNL) Chalk River site, with a further vision of creating a technology hub at CNL to support the commercialisation of small modular reactors (SMR).”
“Molten salt reactors use fuel dissolved in a molten fluoride or chloride salt which functions as both the fuel (producing the heat) and the coolant (transporting the heat away and ultimately to the power plant). This means that such a reactor could not suffer from a loss of coolant leading to a meltdown. Terrestrial’s IMSR integrates the primary reactor components, including primary heat exchangers, to a secondary clean salt circuit, in a sealed and replaceable core vessel. It is designed as a modular reactor for factory fabrication, and could be used for electricity production and industrial process heat generation.”
http://www.world-nuclear-news.org/NN-Canadian-siting-studies-for-commercial-IMSR-2206177.html
Ol Frankie , knows Moscow… 🙂
+1
Rice energy merger with EQT mainly a pipeline and gas producer seems odd and done at a strange time with energy prices trending lower . Rice share holders are the winners but better sell quick. EQT share holders seem to be paying too much ?? S
(BBB) BRIXTON METALS TO ACQUIRE THE PAST-PRODUCING HOG HEAVEN MINE FROM (PAAS) PAN AMERICAN SILVER WITH HISTORICAL ESTIMATE OF 47.3 MILLION OUNCES OF SILVER
June 22, 2017
> Historical estimate of 47.3 million ounces of silver and 225,800 ounces of gold(1);
> Past production by Anaconda Mining Company (“Anaconda”) (1929 – 1946) of 6.4Moz Ag from 241,000 tons at an average grade of 26.6 troy ounces of silver per ton;
> Additional past production of 0.46Moz Ag from 49,700 tons, grading 9.35 troy ounces of silver per ton by a lessee from 1963 to 1975; and
> Ore was shipped directly to smelters.
http://brixtonmetals.com/brixton-metals-to-acquire-the-past-producing-hog-heaven-mine-from-pan-american-silver-with-historical-estimate-of-47-3-million-ounces-of-silver/