Dana Lyons Commentary – Fri 10 Nov, 2017

Recent Market Breadth Is Concerning

Kicking off today with Dana Lyons and a focus on the breath of the US markets. Back in August Dana and I chatted about how breath was strong (lot of stocks moving up together) but over the past couple weeks we have seen again only a select number of stocks lead the market. This is concerning for the short term. Combined with the high sentiment numbers a natural pullback would be very healthy for the market. We wrap up the call with how Dana protects his investments.

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  1. On November 10, 2017 at 10:14 am,
    Excelsior says:

    (SGX) (SGGDF) Sage Gold – First Gold Production From Clavos Mine

    (Marketwired – Nov. 8, 2017) – ” Sage Gold Inc. is pleased to announce that it has received confirmation from McEwen Mining Inc. (TSX:MUX) that mineralized material processed from the first bulk sample mill run at the Stock Mill in Timmins, located 10 km from the Clavos Mine, has yielded approximately 476 ounces of gold.”


    • On November 10, 2017 at 10:17 am,
      Excelsior says:

      Is anybody else following Sage Gold (SGX)?

      Personally I have a small stake in them, but am amazed that hardly anybody is discussing the fact that they just went into production in the prolific Timmins area.

      They are a smaller operation, but could rise a great deal on a percentage basis when metals prices get moving.

  2. On November 10, 2017 at 10:30 am,
    Excelsior says:

    (MAI) (VGMTF) Minera Alamos Enters Option Agreement to Acquire Guadalupe de Los Reyes Advanced Stage Gold-Silver Project in Mexico from Vista Gold


  3. On November 10, 2017 at 11:52 am,
    Markedtofuture says:

    #1 Hartleys Site Visit: Detecting in Trench 1 at Purdy’s Reward, NVO:ARV JV


  4. On November 10, 2017 at 11:54 am,
    Markedtofuture says:

    #2 Hartleys Site Visit: Jack-hammering in Trench 1 at Purdy’s Reward, NVO:ARV JV


  5. On November 10, 2017 at 12:11 pm,
    Excelsior says:

    A screenshot of Jay Taylor’s presentation from the Metals Investor Forum in Vancouver today:

    Jay Taylor: The average return from a cycle trough is ~500%


    • On November 10, 2017 at 12:12 pm,
      Excelsior says:

      Simply more validation that the PM bear ended in 2015, and that the 2016 surge up was just the first chapter of this next Bull market. There is PLENTY of room to grow from here.

      • On November 10, 2017 at 12:15 pm,
        Excelsior says:

        Actually that chart is of the S&P priced in the TSX (mostly resources).

        Same idea though, as it matches the low that the most commodities put in back in late 2015/early 2016 by it’s nature.

    • On November 10, 2017 at 3:14 pm,
      Markedtofuture says:

      Artemis showing off their gold. Arv.ax ARTTF


      • On November 12, 2017 at 12:34 pm,
        mj12 says:

        Nice pic.

  6. On November 10, 2017 at 12:19 pm,
    Excelsior says:

    Here’s an interesting looking longer term monthly Bitcoin chart.