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Welcome!

Doc is back and we are talking gold and gold stocks

Cory
August 28, 2017

Doc is back from his trip and its on a good day for gold! We discuss the moves in the metal and some stocks that he has bought and sold.

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Discussion
123 Comments
    Aug 28, 2017 28:32 PM

    Doc, as a Wolverine will you be rooting for the Hoosiers to upset the Buckeyes Thursday for the 1st time since Harry Gonso took I.U. to the Rose Bowl?

    Aug 28, 2017 28:33 PM

    Nice you ok Doc ! All the best !

      Aug 28, 2017 28:36 PM

      Doc the stock you’re top er ???

    Aug 28, 2017 28:34 PM

    Most Silver miners had a solid green day, and this is the kind of action we’ll start seeing more of when the Precious Metals rally gets going in earnest (with many stocks outperforming the move in spot prices by 2-5 times)

    Ticker Symbol / Silver Stock Company Name / % Gain

    $AZS Arizona Silver Exploration Inc. +28.89%
    $SBR Silver Bear Resources Plc +15.56%
    $IPT IMPACT Silver Corp. +14.52%
    $AZR Azarga Metals Corp. +13.33%
    $AXU Alexco Resource Corp. +12.77%
    $SDRG Silver Dragon Resources Inc. +11.61%
    $DEF Defiance Silver Corp. +11.11%
    $SVM Silvercorp Metals Inc. +10.26%
    $EXK Endeavour Silver Corp. +8.73%
    $SVB Silver Bull Resources, Inc. +8.70%
    $USAS Americas Silver Corporation +8.31%
    $AUN Aurcana Corporation +8.00%
    $AG First Majestic Silver Corp. +7.87%
    $EXN Excellon Resources Inc. +7.64%
    $SVG Silver Grail Resources Ltd. +7.14%
    $CDE Coeur Mining, Inc. +7.10%
    $BCM Bear Creek Mining Corporation +6.25%
    $HL Hecla Mining Company +5.99%
    $CCM Canarc Resource Corp. +5.88%
    $AZS.AX Azure Minerals Limited +5.88%
    $FSM Fortuna Silver Mines Inc. +5.49%
    $BCK Blind Creek Resources Ltd. +5.26%
    $SVE Silver One Resources Inc. +5.00%
    $MAG MAG Silver Corp. +4.80%
    $GPL Great Panther Silver Limited +4.58%
    $DV Dolly Varden Silver Corporation +4.48%
    $ASM Avino Silver & Gold Mines Ltd. +4.19%
    $MSV Minco Silver Corporation +4.12%
    $CLZ Canasil Resources Inc. +3.70%
    $PAAS Pan American Silver Corp. +3.51%
    $GRG Golden Arrow Resources Corporation +3.33%
    $SNG Silver Range Resources Ltd. +2.70%
    $SCZ Santacruz Silver Mining Ltd. +2.33%
    $SMT Sierra Metals Inc. +2.22%
    $MYA Maya Gold and Silver Inc. +1.64%
    $BBB Brixton Metals Corporation +1.39%
    $TAHO Tahoe Resources Inc. +0.22%
    $HOC.L Hochschild Mining PLC +0.07%

    cfs
    Aug 28, 2017 28:31 PM
    cfs
    Aug 28, 2017 28:32 PM
    cfs
    Aug 28, 2017 28:35 PM

    We are entering the Asian buying season. Apart from the US Dollar weakness, which I believe is slightly overdone, I believe the precious metals market is set up fundamentally for a better run than the Doc thinks.

      Aug 28, 2017 28:39 PM

      Agreed CFS.

        Aug 28, 2017 28:31 PM

        Gold is still climbing (currently at $1324) and (Silver is at $17.50), so both are now at new 2017 highs and Gold broke above the dreaded “triple top”, right on schedule.

        As mentioned recently, triple tops/bottoms are not very common and usually get taken out, so the fact the the Precious Metals rallied today is not a surprise.

        When one then factors in that for months now we stated that after the Summer Doldrums that the seasonally strong time of year for Gold is typically between mid to late August through October.

        So many investors wailed and moaned that they missed buying low in early 2016 in the miners, and wished they could have gotten in then, but we’ve mentioned on hear ad nauseum that the best time to position would be at the end of the Summer Doldrums in late July through mid August. This was the SECOND CHANCE so many were looking for, but it is likely that most squeamish investors likely missed it…..again. That’s OK though, if the miners go up and double from here, maybe they’ll fee more comfortable getting in at that point in time. ๐Ÿ™‚ ๐Ÿ˜‰ ๐Ÿ˜ฎ

        ______________________________________________________________________

        What is sad is how many people that follow this sector never bought into the new bull market in 2016, lost all hope in the consolidation period from last August to this August, and when Gold was down around $1204 they were looking at lower lows to $1180 then the low $1100s, and some even thought the December 2015 ($1045.40 low) in Gold may get taken out. That would be highly unlikely after all this time and since Gold broke up through a number of key prior peaks & troughs and key Moving Averages in H1 of 2016. That was the clue that we ended the Bear and the new Bull market was launched. A few of us mentioned it over and over again in 2016, that a new bull market was under way, but based on the comments over the last year, it is clear that few believed that.

        _______________________________________________________________________

        I also find it humorous that lately some commentators really go out of their way to knock on Seasonality, because it isn’t precise enough for them. Looking at seasonal patterns isn’t an exact pricing mechanism, and is more about probabilities and catching the trends and tendencies that metals have exhibited for a couple decades plotted on top of one another on a chart. Nobody has to be that precise to catch the overall trend anyway.

        > There is no system, be it technical or fundamental analysis, that is a sure thing and they are all working with probabilities. Why anyone would expect perfection is puzzling, but even traders oblivious to Technical Analysis could have cashed in trading miners this year if they just would have traded the tendencies.

        What is more humorous, is that some of these pundits have been wrong-footed all year long, often with overly complicated technical analysis or cycles theory, and they would have been much better off just trading the seasonal patterns (despite all they naysaying and scoffing).

        These same wizards came up with all kinds of reasons/excuses as to why their intermediate or short term cycles, or Elliot Wave counts, or Analog charts, or whatever weren’t correct, and mentioned over and over again that it can’t just be as simple as seasonality. (here’s a clue….. it has been that simple all year long).
        ________________________________________________________________

        Look – this isn’t rocket science. We posted on here a number of times that buying during Tax Loss Selling at the end of the calendar year is typically a great entry point in PMs, (and yet I wonder how many Precious Metals “Contrarians” were really buying miners seriously at the end of 2016.).

        That Tax Loss Selling low is then is then followed by a Q1 Run in January & February (where at that peak is a good point to then trim some winnings back).

        Then there was the normal pullback before and after the PDAC (and as Gwen Preston noted the PDAC curse comes early before the event during bullish cycles, and tends to be more pronounced after the event in a more bearish cycle. Just the fact that things dipped for 2 weeks leading up to the event should have been another clue we are still in the Bull market that kicked off in 2016. (most of the herd of course still doubted we have stayed in the bull market that started last year.

        Next we had the “Sell in May and Go Away” followed by the boring sideways to down Summer Doldrums in June/July (with a bit more pain in the miners this year due to the GDXJ rebalancing sucker punch).

        We’ve discussed on here about 2 dozen times, several months in advance, that buying in July and early August in the Gold & Silver mining stocks would be the best entry point before the Fall Rally kicks off in late August…… and here we are.

        So pundits and so-called “experts” can diss on seasonality and laugh at it and mock it for not being precise all they want;……. but if they had simply used those tendencies (in conjunction with TA and Fundamentals) then they would have made more money this year. If traders would have timed their entry and exits in harmony with normal season trends, then they may not have got it perfect in every stock, but overall their basket of mining stocks would have less losses and more gains.

        In addition, investors anticipating the late Aug – October Fall rally would have been buying mining shares the last few weeks with both hands to capitalize on moves like we saw today – where both Gold and Silver just made their 2017 highs here in late August….. right on schedule.

        ________________________________________________________

        GOLD โ€“ 15 year Seasonality chart [2001 โ€“ 2015]

        http://www.zealllc.com/c2015/Zeal061215A.gif

          Aug 28, 2017 28:41 PM

          Not only that Shad,I felt that many people had not been factoring in the Political instability.
          Sometimes I get it right.
          On June 23, 2017 at 11:32 am,
          JohnK says:
          Now we have the Trifecta.
          Jordan calling for a decline in GDX,GDXJ
          Mr. Tโ€™s E mail calling for near term weakness in Gold due to the rebalancing of the MSCI Emerging markets.
          And now Doc calling for 13-14 Silver.
          I will take the opposite side of the call and say that one month from now Gold will be at a higher price and the same with Silver.
          I will also take the opposite side of the call and say that Gold and Silver will be at a higher price than today two months from now.
          Welcome back Doc.

            Aug 28, 2017 28:48 PM

            Yes, great call and I remember reading that post of yours and nodding my head in agreement. When that many are in agreement of a decline (when we are in a new Bull market) then it is much more profitable to be the contrarian.

            Well done JohnK!

          Aug 28, 2017 28:49 PM

          Gold Futures – *20 Year Seasonality Chart ending 12/31/2015

          http://charts.equityclock.com/seasonal_charts/futures/FUTURE_GC1.PNG

            Aug 28, 2017 28:07 PM

            This 20 year seasonality chart and the 15 year seasonality chart up above have been great general benchmarks for how the year would play out. Again, even investors with no comprehension of TA or FA could have used this a rough guideline and been much better off than filling their heads with Elliot wave extensions, daily/intermediate Cycles, Analog charts for prior bears/bulls, and the rest of it.
            _____________________________________________

            In addition, the people that point to the outlier year of 2016 not following these trends as their proof that Seasonality doesn’t work, either have recency bias, or they completely don’t get what 2016 was all about. We’re talking 15 or 20 years of data that map out seasonal trends, versus one outside the norm year. If people get hung up on that, then there is little hope for them.

            ______________________________________________________________

            In 2016, the rocket launch up the first half of the year breaking through all the prior peaks/troughs and many key moving averages that hadn’t been taken out in YEARS during the Bear market was the bell ringing that the Bear market was over. Some pundits have stated those weren’t necessary, but the most basic Technical Analysis there is looking at Price Action to make higher highs and higher lows and take out prior peaks or troughs. Taking out key moving averages is also pretty basic, and it was a number of charts from metals to ETFs to miners that were all taking out long held moving averages that had acted as resistance for years. Anyone that dismisses those, doesn’t understand Technical Analysis or how trends change.

            _____________________________________________________________________

            Those insane 2016 gains (where many mining stocks went up 400% 600% 800% 1000%+) had to be digested as they got a bit too far ahead of themselves, but they were a direct result of putting in THE Major Bottom, and the initial impulse leg up out of the basement. The uncharacteristic rally that continued to charge higher in the late spring, through May, June, July and peaking in August, needed to be digested and consolidated, and robbed the strength normally seen in the Fall.

            After one of the longest and deepest corrections in the Precious Metals and Miners on record, it took a year like 2016 to stop that trend in epic fashion. For the last year, more interest has come back to the space, companies got financed, drills are turning, development projects are moving forward, buyouts are starting again, and producers are ramping back up production. Even if investors never look at prices or charts (hard to imagine), then they could have at least noted that financial institutions were spending money to finance the miners. Other miners were suddenly taking strategic positions in Explorers or Developers. Other mining companies started acquiring smaller projects. That was the worm turning in this sector.

            So when the miners sold down this summer to silly levels again, how many “Contrarian Investors” really were paying attention and adding to positions? I know a few savvy investors here on the KER or over at CEO or on Stockhouse or HotCopper were, but most of the comments were on selling or giving up, and not on buying, but is that really a surprise?

    cfs
    Aug 28, 2017 28:54 PM
    cfs
    Aug 28, 2017 28:04 PM

    Another view on gold……

    https://www.youtube.com/watch?v=-gA6CJ641N0

    Aug 28, 2017 28:14 PM

    Let’s call it what it is ” Breakout”, but that is something the people who come to this site and savvy investors understand, honestly though I feel for the others who don’t have a clue. Even if most people weren’t in debt they would still be clueless, that unfortunately is why our society is for the few. There really is no way the numbers can be changed. DT

      Aug 28, 2017 28:38 PM

      Correct DT. To call today’s move anything other than a BREAKOUT is ridiculous.

      It is definitely a Breakout, when Gold went to a new 2017 high, and closing above both the psychological number of $1300 and the $1307/$1308 resistance definitively

      People could have been buying Mining Stocks since late July through mid August at the tail end of the Summer Doldrums, getting ready for the Fall Rally, but most investors were either camped out on the sidelines, or worse, they were selling the last 2 months.

      How so many “Gurus” can have completely missed the move from $1204 to $1324 without pounding the table to be buying the miners during the Summer Clearance Sale is crazy, and should once again, put into question just how great their “system” is.

      Once again, the Bull shook off as many riders as possible and climbed the wall of worry, leaving most in the dust and missing nice moves up like we had today into the highs for this year.

        Aug 28, 2017 28:40 PM

        Gold Chart – December Futures Contract:

        https://finance.yahoo.com/quote/GC=F?p=GC=F

        Aug 28, 2017 28:41 PM

        Ex, this is it for me, NICE! DT

          Aug 28, 2017 28:14 PM

          +1 Very constructive action today.

        Aug 28, 2017 28:44 PM

        Do people think that at least one back-test (fist-fight) for the $1300-level is inevitable? I certainly do remember the knife-fight(s) at $1200.

          Aug 28, 2017 28:13 PM

          Brian, it’s possible and even likely, to test the $1300 or $1307/$1308 level Gold just soared straight through today.

          Regardless though, on the charts, we have a new high in Gold for this year, and if it does back test, it will likely be short-lived. The $1377.50 high from 2016 is the real prize, and Gold has a real opportunity to take that out over the next few months.

          Aug 28, 2017 28:23 PM

          Looking for $1650……..up and down around $1300 just lost motion……. ๐Ÿ™‚

            Aug 28, 2017 28:28 PM

            Make that $1792………5 yrs is enough time for the bear reverse….times up….THE CLAW

            Aug 28, 2017 28:10 PM

            OOTB – $1792 – Wow. I’d be thrilled with $1392 for starters ๐Ÿ™‚

            Aug 28, 2017 28:16 PM

            Yeh i would be happy with 1392 gold and 22 silver. Still abit of work to do before then. Dont think the bears have chucked the towel in yet.

            Aug 29, 2017 29:24 AM

            Agreed Ozibatla. Short term there may be a little more pep in the Gold/Silver moves, but the bears will likely try to push the beach ball back underwater, so it may back test support a little ways out.

    cfs
    Aug 28, 2017 28:21 PM

    Interesting amount of short covering on Globex right as it opened this evening.

    cfs
    Aug 28, 2017 28:27 PM

    WASHINGTON (AP) โ€” Figures on government spending and debt in millions of dollars. The government’s fiscal year runs Oct. 1 through Sept. 30.

    Total public debt subject to limit Aug. 25 $19,808,747
    Statutory debt limit…………………. $19,808,772
    Total public debt outstanding Aug. 25 $19,845,044
    Operating balance Aug. 25……………….. $59,400
    Interest fiscal year 2017 thru July $249,302
    Interest same period pvs fiscal year $231,418
    Deficit fiscal year 2017 thru July -$566,022
    Deficit same period pvs fiscal year -$511,980
    Receipts fiscal year 2017 thru July $2,739,861
    Receipts same period pvs fiscal year $2,678,824
    Outlays fiscal year 2017 thru July $3,305,882
    Outlays same period pvs fiscal year $3,190,804
    Gold assets in July $11,041

      Aug 28, 2017 28:05 PM

      put some more zeros on …….more effective……jmo
      $19.9 Trillion of which the pentagon has $8.6 Trillion in missing funds, and should be held accountable………….$127 Trillion in UNFUNDED Liabilities

    Aug 28, 2017 28:30 PM

    Doc, good to have you back. “In Doc We Trust”. How far down do you think Novo will correct to before it looks good again?

      Aug 28, 2017 28:27 PM

      Pardu, here’s the problem for NOVO—It’s light years away from its’ 200 week SMA and should take considerable time before its’ next move. I would say odds are we could see some back and filling down into the 3.00-3.50 range.

    cfs
    Aug 28, 2017 28:34 PM

    BILLINGS, Mont. (AP) โ€” U.S. Interior Secretary Ryan Zinke wants to speed up a proposal to block new gold mining claims on forested public lands in Montana near Yellowstone National Park and will also consider blocking other types of mining, agency officials said Monday.

    Federal officials are undergoing a two-year review of mining on more than 30,000 acres among the towering peaks of the Absaroka mountains just north of the park.

    The review was launched last year by Zinke’s predecessor, former Interior Secretary Sally Jewell, in response to local concerns that two proposed gold mines could profoundly alter the character of a region heavily dependent on hikers, hunters and tourists.

    Interior spokeswoman Heather Swift said Monday that Zinke wants to move forward as quickly as possible with a proposed 20-year withdrawal of future mining claims in the area north of the park, known as Paradise Valley. The review of that withdrawal was scheduled to be completed by the U.S. Forest Service and Interior’s Bureau of Land Management by November, 2018.

    Zinke had voiced support for the withdrawal effort as Montana’s sole member of the U.S. House but had not publicly addressed the issue since joining the Trump administration in March.

    Aug 28, 2017 28:36 PM

    The whole politically correct movement has been foisted upon us by The Deep State, so we don’t question anything that is out of the norm. It’s like getting in an elevator and listening to popular music that has been run through a blender and made to come out as a smoothie. Nice Day Joe, it leaves only the weather to be griped about. DT

    Aug 28, 2017 28:20 PM

    SIL closed above the 200 day MA for the first time since February…

    http://stockcharts.com/h-sc/ui?s=SIL&p=D&yr=0&mn=9&dy=13&id=p49198183180

    Aug 28, 2017 28:39 PM

    No matter how you slice it, SILJ has broken its 2017 downtrend. A 4% gain tomorrow will take it through the larger one that began a year ago:

    http://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=3&dy=0&id=p23965650155&a=541767179

    Aug 28, 2017 28:53 PM

    There’s a lot of good things happening on the HUI chart:

    http://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=1&mn=3&dy=0&id=p60326993984&a=541768212

    Aug 28, 2017 28:04 PM

    Nothing about the weekly chart suggests that gold can’t go much higher sooner rather than later:

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=7&mn=8&dy=14&id=p51952099882&a=541770308

    Aug 28, 2017 28:32 PM

    The dollar looks very bad. Oversold or not, I doubt that it will show much strength when it bounces.

    http://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=3&mn=3&dy=0&id=p28116661060&a=541775954

      Aug 29, 2017 29:44 AM

      Yeah the greenback is struggling here, but the 92 support has held so far. If that breaks then the high 80’s come into play and the Precious Metals and Commodities would perform well in that envrionment.

    Aug 28, 2017 28:08 PM

    Bagged profits Fri, Sat, Sun, and today on miners, silver, and crypto.

    Aug 28, 2017 28:15 PM

    Still holding my SGN, average price 6 cents CDN. I’m looking for a double bubble, just like Bazooka Joe the bubble gum king. DT

      Aug 28, 2017 28:28 PM

      nice pop above the resistance. Breathe that free air!

    Aug 29, 2017 29:01 AM

    Sideways to down, Doc. Sideways to down. ๐Ÿ˜‰

    Aug 29, 2017 29:08 AM

    U.N. Nuclear Watchdog Opens Uranium Bank in Kazakhstan
    Aug. 29, 2017,

    “The International Atomic Energy Agency, the U.N. global nuclear watchdog, opened a uranium bank in Kazakhstan on Tuesday, a $150-million facility designed to discourage new nations from enriching the nuclear fuel.”

    “The Low Enriched Uranium (LEU) Bank in the city of Oskemen, in eastern Kazakhstan, will store up to 90 tonnes of the fuel, enough to power a large city for three years, and sell it to IAEA members if they are unable to procure it elsewhere.”

    https://www.usnews.com/news/world/articles/2017-08-29/un-nuclear-watchdog-opens-uranium-bank-in-kazakhstan

    Aug 29, 2017 29:12 AM

    Gold $1327

    Silver $17.62

    let the games begin…..

    Aug 29, 2017 29:29 AM

    Dolly Varden Makes Another New High-Grade Silver Discovery and Confirms the Earlier Discovery with an Intercept of 6.72 Metres Grading 1,272 g/t Silver-Equivalent – Expands the 2017 Exploration Program Budget

    @newswire on August 29, 2017

    https://ceo.ca/@newswire/dolly-varden-makes-another-new-high-grade-silver-discovery-ef87c

      Aug 29, 2017 29:52 AM

      Fantastic grades and intercepts for DV !!

        Aug 29, 2017 29:58 AM

        Dolly Varden Silver Corporation (DV.V)

        $0.83 up +$0.13 (+18.57% gain)

        * Just getting started…..

    Aug 29, 2017 29:47 AM

    Bitcoins at it again. Look at that daily spike! Easy Excelsior, you dont wanna jinx gold and silver.

    Wheres James the lesser these days? Always liked his contarian views. Wonder what he thinks of the PMs at the moment???

      Aug 29, 2017 29:26 AM

      ๐Ÿ™‚

        Aug 29, 2017 29:45 AM

        I’ve been vocal that we’d see a rally this time of year (and mentioned it the last several months) on both a seasonality basis, on technical basis, and because we started a new bull market in 2016.

        There have been a number of people that gave me and like-minded investors here and elsewhere lots of crap for holding these views on multiple websites and blogs. Some doubted Gold would even get to $1230-$1240 and that it surely wouldn’t break $1250, or $1260, or $1265…… Most expected it to fall out of bed and dive down for one more wash out to extreme lows. Yeah…… that didn’t happen.

        These Negative Nancies insult the bulls and rip on precious metals investors to no end, and throw as many curses at resource investors as possible during down turns. They are near-sighted and miss the overall big picture trends that have developed in both the Precious Metals and Base Metals space over the last 2 years, and are much more vicious in their attacks than any bulls are.

        When a thesis plays out that was well telegraphed advance, and Gold plows through $1230, $1240, $1250, $1260, and then blast though $1300 and $1307/$1308 as projected on the 3rd attempt, at the end of August (right on schedule) then nothing wrong with a little friendly jab back in return.

        It must have been 2 dozen posts where it was mentioned that buying distressed miners in July and August was the best entry point to deploy dry powder before the metals make their next move. It is also lonely being a contrarian, and very few celebrated that idea then at the time (and most responses ranged from cautious, to waiting for lower lows, to downright mocking that idea).

        It’s been a blast yesterday and today watching these miners scream higher on large gains (many double-digit gains) and to see the bull market still intact as both Gold and Silver break out to new 2017 highs. Just celebrating all the contrarians that bought low. ๐Ÿ™‚

          Aug 29, 2017 29:03 AM

          Excellon Resources Inc. (EXN.TO)

          $1.90 up +$0.21 (+12.43% gain)

          Aug 29, 2017 29:23 PM

          Too right Excelsior. I tip my hat to you because I remember your comments in the recent past.

          In regards to some backfilling in the next few days on the back of the recent PM gains, do you recon gold will break 1300 with this mode of action?

            Aug 29, 2017 29:30 PM

            Thanks Ozibatla. ‘m looking for the pullback to only be brief and expect the $1300 zone to hold up as support, but wouldn’t be surprised to see that level tested as support.

    Aug 29, 2017 29:26 AM

    Matt+Ex,
    if Gold corp bought Exeter Resources who have a gargantuan gold-copper porphyry system why is the stock so cheap! Should be at $20 by now. I guess its a bit complicated a project for the market to grasp but with coppers recent run, I’m very surprised.
    Thoughts??

      Aug 29, 2017 29:30 AM

      The deal was structured in a confusing way (3 companies, 3 deposits roped into a complex JV), and I believe the market is not as interested in those gigantic mega-projects at present. Gold Corp is one of the largest Majors out there and the Majors never have as much pop as the smaller companies do when the worm turns.

      There are many more Copper and Gold projects I’d rather own with more upside potential. However, as you mentioned, with Coppers run lately, you’d expect it would have fared a bit better. It is tethered to the big boys now…..

      This is why I don’t like seeing companies taken over too early because it calls the larger percentage upside gains that Juniors experience.

        Aug 29, 2017 29:54 AM

        calls = kills the larger upside gains that Juniors experience.

      Aug 29, 2017 29:59 AM

      GG is cheap if we’re looking at book values but significantly more expensive than ABX when it comes to cash flow, sales, and earnings. With the large producers, it’s not surprising that the assets in the ground might take a backseat to the economics of the current production.

        Aug 29, 2017 29:03 AM

        Similarly, when GORO went to over 30x book in 2011, I’d say it was almost entirely due to the hefty monthly dividend.

    CFS
    Aug 29, 2017 29:03 AM

    Palisade Radio on cryptos:

    https://www.youtube.com/watch?v=wTVTSPbJyeo

      Aug 29, 2017 29:45 AM

      thanks…..the guy really was informative and sharp on cryptos…..

        Aug 29, 2017 29:49 AM

        The SEC will just screw up the cryptos in the US…..

    CFS
    Aug 29, 2017 29:29 AM

    Platinum just hit $1000 again.

      Aug 29, 2017 29:21 AM

      Good chart on AXU. Yippee!

      Aug 29, 2017 29:26 AM

      Nice. (AXU) Alexco is about to have a great deal of newsflow over the next few months so it should get on it’s bike and ride…..

      Great chart Matthew!

        Aug 29, 2017 29:57 AM

        Impact will also have news straight ahead since the drills are turning.

        Btw, I don’t know if it’s been discussed here or not, but IPT’s extreme weakness over the last few months has been due to the same fund that added very significant weakness to Jaguar’s price action. This is good news as it suggests that the weakness has not been warranted at all from a fundamental standpoint.

          Aug 29, 2017 29:00 AM

          In other words, the weakness has probably represented an extra enticing opportunity when compared to peers.

            Aug 29, 2017 29:27 AM

            Yes Matthew. I am really glad you brought that up, because it was the large fund selling a position that caused the draw-down in both JAG and IPT, so it just made their valuations that much more attractive. Someone had posted a link to a thread where they were doing a play by play of the fund and it’s large selling on those days.

            Fred over at (IPT) addressed it on their recent audio review of Q2:

            http://www.impactsilver.com/i/media/2017Q2.mp3

            Aug 29, 2017 29:29 AM

            If you expand all comments on this you can see some of the chatter about this fund selling:

            http://www.stockhouse.com/companies/bullboard?symbol=v.ipt

            Aug 29, 2017 29:32 AM

            This must be the fund: http://www.resolutefunds.com/

            Aug 29, 2017 29:45 AM

            It sounds like that was the fund discussed in the audio and on that stockhouse chat.

    CFS
    Aug 29, 2017 29:28 AM

    Credit default swap market is blowing up………?

    https://www.youtube.com/watch?v=tsZNGkAtzLE

    Aug 29, 2017 29:33 AM

    McEwen Mining and Primero Sign Definitive Agreement

    by @nasdaq on August 29, 2017

    https://ceo.ca/@nasdaq/mcewen-mining-and-primero-sign-definitive-agreement

    Aug 29, 2017 29:17 AM

    For those who like big, liquid, and “marginable” plays but still want junior-like leverage, it might be hard to beat Coeur Mining (CDE).

    http://stockcharts.com/h-sc/ui?s=CDE&p=W&yr=2&mn=0&dy=13&id=p96853739491

    Aug 29, 2017 29:31 AM

    Based on the high daily closing prices of 2016 and ’17, the line in the sand for AXU today is about 1.61…

    http://stockcharts.com/h-sc/ui?s=AXU&p=D&yr=1&mn=3&dy=0&id=p67691650968&a=541868813

      Aug 29, 2017 29:32 PM

      AXU closed at $1.60. (but I’m still constructive in the medium term).

        Aug 29, 2017 29:10 PM

        Absolutely. If it pulls back right here that’s fine with me.