Why we are stocking up on PM shares before labor day
Jordan Roy-Byrne joins me to recap the moves in the USD and explain why we think now is a good time to be accumulating shares before labor day. When the USD bottomed it seemed set up to rebound quickly however this has not happened. There are also some other factors that we think could lead to a slight increase in inflation. These reasons along with traders coming back to their desks in the coming weeks give us confidence that buying shares in select metals companies now makes a lot of sense.
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Braver man than I to buy before the Yellen speaks Jordan. Really interesting thoughts on the market though.
Better than explorers ……with a better chance than 1% success rating ? Or Not?
I don’t think people realize the power that will be required to mine the Cryptos
Second derivative investment for the Cryptos could be the computer chips.
I agree ,
I agree on the first sentence……I have not thought about the second sentence, yet.
So my contrarian indicator came over the other day .He knows I bought into Bitcoin now he wants to get in .Of course Bitcoin is to “expensive” so he figures he’ll buy into one of the cheaper cryptos and see the same returns as Bitcoin.
So he asks me which one I would recommend and I told him that I would buy physical Silver instead. He said that he bought physical Silver at $40 and was not going to buy any more until he made money on the $40 Silver.
I told him if he thought Silver was a good buy at $40,whats wrong with it at $17?
The perfect contrarian indicator,no chart or analysis required.
JohnK. Good contrarian indicator story.
USA looks ready to move straight to its February/2017 high. The year-long correction is over:
http://stockcharts.com/h-sc/ui?s=USA.TO&p=D&yr=1&mn=3&dy=0&id=p89682826106&a=541039083
Yes, I believe so. Bring it on Americas Silver….. San Rafael coming on line and ramping up over the next few months will be a game changer for (USA) (USAS).
I expect 2018 to really be the year where the blow it out in a big move upwards. Their AISC in 2018 is targeted to be around $3-$4 due to all the Zinc & Lead credits.
I agree BUT think that IPT is getting ready to significantly outperform for awhile.
IPT:USA
http://stockcharts.com/h-sc/ui?s=IPT.V%3AUSA.TO&p=D&yr=1&mn=3&dy=0&id=p10813726607&a=541054696
*I own both.
I own both as well, and have larger allocations to both compared to other Silver stocks so if IPT outperforms USA that’s fine by be.
Regardless, I expect both of them to outperform the rest of the sector and most other sectors for that matter. 🙂
Off Topic:
Islamic terrorists in Mestre (just outside Venice) were found plotting to blow up the Rialto bridge over the Grand canal. The mosque in Mestre has been closed down by the authorities.
Police in Venice have been given orders “shoot to kill” anyone who shouts out Allahu akbar.
The Mayor of Venice understands the problem.
Auryn drills 9.15 m of 3.48 g/t Au at Committee
2017-08-24 07:05 ET – News Release
Mr. Shawn Wallace reports
AURYN DRILLS 9.15 METERS OF 3.48 G/T GOLD AT COMMITTEE BAY AND PROVIDES EXPLORATION UPDATE
Auryn Resources Inc. has released initial results from its summer exploration drill program at the Committee Bay gold project located in Nunavut, Canada. The results represent 15 per cent or 21 holes out of 148 holes currently drilled across 18 targets in the belt this summer. Highlights include 9.15 metres of 3.48 grams per tonne gold and 1.53 metres of 7.48 g/t Au which ended in mineralization where the hole was lost at West Plains. West Plains remains open at depth.
Novo Provides Update on Activity in Karratha Region, Western Australia
VANCOUVER, British Columbia, Aug. 24, 2017 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) is pleased to provide an update on its recent transactions in connection with the Karratha region of Western Australia.
Artemis Resources Limited
Further to the Company’s news release dated August 15, 2017, the Company has obtained TSX Venture Exchange approval to farm-in to 50% of gold (and other minerals necessarily mined with gold) in conglomerate and/or paleoplacer style mineralization in Artemis Resources Limited’s (“Artemis”) tenements within 100km of the City of Karratha, including at Purdy’s Reward (the “Gold Rights”). The Gold Rights do not include (i) gold disclosed in Artemis’ existing (at May 18, 2017) JORC compliant Resources and Reserves or (ii) gold which is not within conglomerate and/or paleoplacer style mineralization or (iii) minerals other than gold. As a result of receiving TSX Venture Exchange approval, the Company has issued 4,000,000 common shares to Artemis. The shares are subject to a contractual twelve month hold period (inclusive of the required four month statutory hold period expiring December 24, 2017) expiring on August 23, 2018.
Wesdome drills 2.72 m of 41.99 g/t Au at Eagle River
2017-08-23 11:41 ET – News Release
Mr. Duncan Middlemiss reports
WESDOME ANNOUNCES 300W DRILLING UPDATE: CONTINUES UP-PLUNGE
Wesdome Gold Mines Ltd. has provided an update on drilling progress in the 300W area of its wholly owned Eagle River mine in Wawa, Ont.
Since the upplunge potential of the 300W area was initially recognized (press release dated Sept. 15, 2016), drilling has continued to confirm potential (press release dated April 27, 2017). The company has now traced the zone 300 metres upplunge where it appears to lengthen and remains open.
Thanks Guys, I am of the same view point. There should be money to be made, we just have to get through another low volume week or two.