Richard Postma - The Doctor Is In – Tue 14 Nov, 2017

Comments on the USD and Gold Stocks

Doc is with me today to discuss the move down in the USD and struggles of the gold stocks we hold.

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  1. On November 14, 2017 at 1:03 pm,
    Markedtofuture says:

    AZS AZASF Arizona Silver Exploration Inc. Drilling Continues to Intersect Silver Zone at Ramsey Silver Project, La Paz County, Arizona

    Drill Results

    Further to our news release dated July 4, 2017 wherein it was announced that the Company drilled 145 feet of 62.5 gpt silver, the Company is pleased to announce that it has drilled an additional five exploration drill holes, for a current total of 12 drill holes, from atop the ridge to the southeast of the Ramsey Mine workings to test the potential for continuation of silver mineralization at depth beneath barren but altered rhyolitic volcanic rocks and post-mineral cover. All five holes intersected silver mineralization as reflected in the attached table, which includes two holes drilled earlier in the year.

    Surprisingly, the holes completed recently all hit a shallow silver zone that is not evident on the surface or in holes drilled previously from lower on the hill side. Hole R1712, which intersected 9.1 meters of +57 gpt Ag just 6.1 meters below the surface exemplifies this shallow silver zone, which remains wide open to additional drilling to the north, east, and south.

  2. On November 14, 2017 at 4:47 pm,
    Excelsior says:

    5 Reasons Cobalt Prices Are Set To Soar

    Baystreet Staff – Monday, November 13, 2017

    • On November 14, 2017 at 4:50 pm,
      Excelsior says:

      The One Chart All Investors Should See Before 2018 [Cobalt]
      Nov 13, 2017 – By: OilPrice_Com

      “Pay close attention to this cobalt chart. Demand could be about to surge from 2k tonnes today… to over 300k tonnes in 2030. That’s a 14,900% increase in demand.”

      “This Cobalt chart is the only one you really need to understand. Simply: Cobalt is never going to be cheap again, thanks to the electric vehicle revolution and a massive supply chain bottleneck coming out of Africa.”

      • On November 14, 2017 at 7:38 pm,
        Excelsior says:

        Here is a updated list of mining companies with some exposure to #Cobalt
        Please let me know which ones are missing from the list. Cheers!

        #Cobalt Stocks / Main Symbol / OTC Symbol

        CBLT INC $CBLT

        • On November 15, 2017 at 1:03 pm,
          Whit says:

          Who are some of your favorites?

  3. On November 14, 2017 at 5:09 pm,
    Excelsior says:

    Can Tesla avoid becoming the BlackBerry of electric cars?
    Roberto Baldwin,Engadget 6 hours ago

    • On November 14, 2017 at 5:13 pm,
      Excelsior says:

      Excerpts from: “Can Tesla avoid becoming the BlackBerry of electric cars?”

      “Innovation is important to any industry and Tesla does that. But where does it go from here? Even if it hits its production goals, it’ll be over a year before anyone that orders a Model 3 today will have it delivered to their garage. In the automotive world, that’s not a win and the long lead time could affect the company’s health long term which could impact the battery and solar panel portions of the company.”

      “Tesla doesn’t consider itself a car company in the traditional sense. In addition to cars, SUVs and an upcoming semi, it also has the Energy portion of the business. The Powerwall and Powerpack help keep electricity flowing to homes, offices and more importantly, the grid. It’s solar panels and Solar Roof help homeowners reduce their electric bill and carbon footprint. Everything the company does is centered around a goal of reducing the filth we push into the air. It’s a lofty and commendable mission.”

      “But it’s the cars that get the press, and that makes them an important part of the company’s bottom line and brand. Even if absolutely everything goes wrong for the company, Musk’s 11 year old manifesto will still come true. Automakers are onboard for an electrified future with many promising EV or hybrid models in 2019. And it’s tough to find a company that’s not working on an autonomous car. So even if Tesla loses, it still won.”

  4. On November 14, 2017 at 5:16 pm,
    Excelsior says:

    The Time Is Right For Industrial Metals Miners

    Nov. 13, 2017

    * Summary

    “A global index of industrial miners has just broken out of a 10-year downtrend.

    The depletion of Chinese reserves is beginning to influence the price of certain metals from the supply side.

    Even under a low metals intensity development scenario, Indian copper consumption is forecast to grow by over 9% per year.

    The advent of electric vehicles means miners are going to take transportation market share from oil as prices climb.

    China is putting its money where its mouth is when it comes to its Belt and Road initiative.”

  5. On November 14, 2017 at 5:30 pm,
    Excelsior says:

    Gold Chart Remains Constructive Despite Widespread Disinterest

    by @Goldfinger on November 14, 2017

    “Despite widespread disinterest and bearish sentiment on the yellow metal the price of gold in US dollar terms remains in an uptrend and in the upper quartile of its 2-year range. The price action against the backdrop of gloomy sentiment makes me positive on gold – a resolution to the recent range-bound price action probably isn’t far away (support: $1260-$1270, resistance: $1300).”

  6. On November 14, 2017 at 5:37 pm,
    Dan, calgary says:

    Take a look at a uranium chart… up $2.30 (over 10%). Time to buy exploration stocks now, IMHO.

    • On November 14, 2017 at 5:38 pm,
      Dan, calgary says:

      Pardon me…$2.75

      • On November 14, 2017 at 5:55 pm,
        Excelsior says:

        Uranium is inching up a bit yes, but until the spot price (and more importantly longer term off-take agreements) are in the $40s-$60s then it really doesn’t matter much.

        I agree that positioning while the spot price is waaaaaaaay below production costs is what we call buying low. 😉

        • On November 14, 2017 at 6:05 pm,
          Excelsior says:

          The issue is that it has been an upside down market for many years now where the spot prices were below production costs, and only now are we starting to see more meaningful supply destruction. We may need to see even more to really get this sector moving again, but at least starting to add to positions at these levels isn’t overpaying by much…

  7. On November 14, 2017 at 5:42 pm,
    Excelsior says:

    Interesting debates rage on about the Novo Resources deposits and the believers and disbelievers dig in to their thesis, rejecting the other point of view. (NVO)really is turning out to be one of the most watched/discussed exploration stories in years.

    Which ever way this story breaks, I have a feeling books will be written. 🙂

    • On November 14, 2017 at 5:54 pm,
      Excelsior says:

      @DanO – “$NVO It is hydrothermal @Dunite. Coming from a terrestrial hardrock source. Btw Silica Hills gold is 96% purity. I held those nuggets (Au in q recovered from a hydrothermal shear hosted deposit) in my hand and asked Lenigas. Alluvial = it means traveled down the river. Deposited in a marine fan delta. Reworked by wave action. No cold welding possible. No biogenic origin assumed by nvo or 99% of geoscientists at least in the Pilbara case. But as you @Dunite say the little silver that the nuggets originally had was lost in the near surface environment (same happens in all placer deposits) thus increasing the nuggets purity. We’re talking bln of yrs. No unknowns. No voodoo science. A simple placer deposit.”

      @Dunite – “I hope one day to say hello in person and shake your hand. I had gotten rather tired of being beaten up on the novo board. What the novo boys originally proposed went against all I was ever taught, learned or experienced in the field of geology and years of exploration…”


      @teevee – “A great $NVO November 2017 presentation.”

      I can agree with the hypothesized fossil analogue of Nome marine gold placers. As with any placer, thickness, continuity and grade of cemented gravels will be very erratic. Following paystreaks and establishing continuity of thickness and grade to bankable feasibility standards will be near impossible on a cost effective basis. I am glad to see that NVO is “walking down” expectations of a Wits 2.0 as the notion of continuity of gold mineralization over 10’s or 100’s of kilometers is preposterous. ”

      @teevee – “Eric Sprott controls $NVO having put in over $50 million, owning about 30% of the stock, and he should, as he effectively bought the company. Seems like a lot of money to buy a fossil marine placer deposit;-).”

      @teevee — “@HHorseman, $NVO in their November presentation states that mineralization is a paleo marine placer deposit. QH has therefore taken wits 2.0 off the table. Placer deposits are notorious for lack of continuity of grade, length, width and thickness. It is now up to shareholders to decide if they want to hold and become bag holders.”

      @HHorseman — “@teevee Then let’s hope it goes from good to super in all aspects then, where possible. What’s the grade in some of those trenches you reckon? And the outcrops that KL delineated? You said tens of km was ridiculous, yet KL has traced the outcrops that far and confirmed with metal detectors. Thus implying coarse gold at a minimum” — from #nvo, 13 Nov 2017, 21:50

      @Goldfinger — “@teevee I’m not a geologist (and I don’t know if it would matter if I was), I own $NVO shares, but i’m not “religiously long” the stock and I’m completely prepared to be wrong. However, the term “paleo marine placer deposit” in itself doesn’t change anything about the Pilbara gold story. All along this was a marine alluvial event, and listening to Hennigh speak many times he seems to believe the higher concentration of gold will be “down dip,” farther into the basin. I’m not sure if the term “placer” strictly applies to Purdy’s Reward conglomerates. Perhaps his next interview he can address some of these questions.”


      @stateside – “See what happens. You invite the Aussie institutions who show up last week for the first time at Purdys. They realize they completely missed the move higher so the only way the think they can profit is to massively short all the wits 2.0 plays. David, next time don’t offer the invites to the home team.” — from, about 2 hours ago


      @MacLeod — “Man I am glad QH is at the helm of this exploration process because if some of the posters here were they would scratch the surface, say hey this is a “insert geo term” deposit, nothing to see here let’s move on…..” — from #nvo, about 3 hours ago


      @Brandon – “Extraordinary claims require extraordinary evidence, as they say. $NVO has made some extraordinary claims yet never backed it up with anything close to sufficient evidence. I don’t think they mean to mislead, in fact all they’re probably guilty of is having their conjecture being believed by too many people.”

      • On November 14, 2017 at 6:02 pm,
        Excelsior says:

        I’m still rooting for Quinton and the Novo team to hit things out of the park and that all the Pilbara Sisters will also continue to get interest from the marketplace, but those on the geology above are from other geologists Teevee, DanO, and Dunite. Brandon is the head of Fireweed Zinc, and Stateside, HHorseman, and Goldfinger are prolific investors and market commentators.

        There seems to be a range of opinions but one thing is for sure….. Novo has captivated the markets interest and overall for the Jr Miners, that is a good thing.

        • On November 14, 2017 at 7:49 pm,
          Excelsior says:

          Brandon put out a message in a similar spirit later this eve:

          @Brandon – “Incidentally, I feel it would be fantastic if $NVO is for real. What a discovery! The issue is that I’m not a speculator, I’m a scientist. The very nature of science demands skepticism so that’s why you see a lot of the geologists hanging around here being the loudest of the “bashers”. We aren’t bashing, we are doing what we were trained to do. Poke holes in theories. Question everything. Provide alternative hypotheses. As @stateside said in the #index, a lot of people have made a lot of money, and that’s great, but those same people (and the people coming in at these levels) should give serious thought to the possibility that when the music stops their shares may not be worth a lot. “

          • On November 15, 2017 at 6:30 am,
            Robert Moriarty says:


            The precipitation theory existed for the Vits as far back as 1896. See Witwatersrand Gold 100 Years, page 31

            “De Lainey agreed with his compatriot Garnier that the gold was secondary and had been precipitated from the ocean waters into the unconsolidated conglomerates.”

            The conglomerates may have been of a marine beach environment but the gold was laid down later. They believed that 121 years ago and I believe that today.

          • On November 15, 2017 at 6:59 am,
            Excelsior says:

            Hi Bob M. – Yes, I realize the theory for Vits is an older one, and but we still don’t know if what they are finding in the PIlbara fits the theory or if it could be explained by what @DanO metnioned of the Gold coming from a hydrothermal terrestrial hardrock source, and then being transported down the river and reworked by tidal action in a Marine fan. DanO and Teevee and Dunite are all geologists and feel it is place deposit, but they could all just be looking to shoot holes in the theory. That is normally their bent to look for the fatal flaws, and in that sense they may raising interesting questions to consider.

            Only continued trenching and drilling will prove out what really happened geologically.

            Personally, I’m not a geologist, so I rely on the wisdom of geos and scientist in assay labs to test the theories and report back good information for the markets to digest.

            At this point I don’t have a dog in the fight, but I’m cheering NVO along to make the discovery of the century. I believe it would light a fire under true grassroots discovery and exploration again, and there is a Panic in the Pilbara at present with about 40 companies angling to get in on the action. In that sense, Novo & Artemis already have created an exploration boom.

            However, in the spirit of being balanced, it just seems worthwhile to note that 3 rather savvy geologists (quoted above) feel it may be just be a marine placer deposit, which would have issues with continuity. They could be dead wrong, or they could be dead on correct. They likely haven’t been to the properties though and are making these statements based on their past experience (which is all anyone can do), but this deposit may be unlike anything they’ve ever seen before.

            That is what makes this emerging story so intriguing to everyone in the industry. However, as we’ve discussed there are series of different geological events that deposited gold in the Pilbara and it varies from east to west. It could be the theory fits one region but not another, so it is important to focus in on each area one at a time.

            This situation, like all mining speculation, will only be solved by having boots on the ground and conducting solid exploration work to solve the riddle. Wishing all companies involved all the success they deserve.

          • On November 15, 2017 at 7:00 am,
            Excelsior says:

            place = Placer depost.

          • On November 15, 2017 at 7:01 am,
            Excelsior says:

            place = placer deposit

          • On November 15, 2017 at 7:17 am,
            Robert Moriarty says:


            They have been arguing about the Vits and where the gold came from for 131 years and no one agrees. But (1) the Pilbara is an analog of the Vits in many ways and (2) the length of distribution of the gold in Karratha doesn’t follow any other placer model. The problem with the paleoplacer model in the first place is trying to figure out where the gold came from. There is no source in either the Vits or Karratha.

            It’s precipitation and onto clumps of algae. And in another 130 years people will agree on that. No placer deposit has gold that similar in nature. It’s the size and shape of algae.

          • On November 15, 2017 at 8:39 am,
            Excelsior says:

            +130 (maybe in 130 years they’ll get it figured out) 🙂

            Well, you raise and interesting question there. If it is a placer deposit, then where did the gold come from in the first place?

            Even with all the plate tectonics and crustal displacement, it doesn’t make sense with the current lay of the land where the gold nuggets would have washed down the river from. I guess that is why people have been in disagreement for so long about the source of the Gold.

            Keep in mind those geos mentioned are all Canadians, so in their mind there are mountains or volcanic events everywhere up in their environment, to bring the gold down the rivers to the sea. This likely molds their thinking on gold nuggets to some degree.

            The whole precipitation concept out of algae and microbes is the most fascinating part of the potential gold nugget source and adds an even more interesting importance to exploring what happened in Karratha in the ancient past. It truly is a fascinating story that is unfolding. Cheers!

          • On November 16, 2017 at 4:23 am,
            OOTB Jerry says:

            Ex………it came from the GREAT FLOOD…… 🙂

      • On November 15, 2017 at 9:02 am,
        Excelsior says:

        Teevee continued on in this discussion and raised the point that Novo doesn’t officially list bio chemical precipitation of gold in their presentations, but instead mentioned they were “near shore marine placer deposits.”


        @teevee – “Several early-stage gold discoveries in the area southeast of Karratha, have been reported by $NVO and separately by two Australian listed companies, $DEG.AX and $ARV.AX (JV with Novo Resources and other 100% owned properties). Collectively, these #gold discoveries appear to indicate a potentially gold-rich district, analogous in broad geological terms to the Witwatersrand Basin and its related clastic sedimentary-hosted gold deposits.”

        “About the only analogy, in very very broad geological terms, is the fact that the Pillbara conglomerates are part of a large basin. There are no comments in $NVO’s presentation referring to bio chemical precipitation of gold. If the above statement was made by NVO, the exchange should halt the stock and request clarification. In fact, NVO state unequivocally in the November presentation that the deposits are reworked near shore marine placer deposits.”


        Of course, this immediately created some backlash from other investors following the story closely, and they made the point that going to the deposit and seeing it in person, like Sprott, the team at Kirkland Lake, John Kaiser, and some of the institutional funds, came away with a solid desire to participate. These other investors pointed out that Teevee hasn’t been to the site and it is easy to armchair quarterback the geology, but much different to go there and inspect things in person.

        • On November 15, 2017 at 9:08 am,
          Excelsior says:

          @devarishi – ” @teevee Correct me if I’m wrong, but doesn’t the “biogenic activity” mentioned twice in slide 12 of the recent Novo powerpoint presentation refer exactly to the “bio chemical precipitation of gold?” You say their presentation makes no reference to precipitation, yet it does. ???”

          • On November 15, 2017 at 9:10 am,
            Excelsior says:

            If investors want to have a great time, just pull up a chair, grab a bag of popcorn, and read back up through the last few weeks on the (NVO) channel at Truly interesting debates with about 50 people in there at any given time.


      • On November 15, 2017 at 11:17 am,
        Robert Moriarty says:


        It’s not placer.

        • On November 15, 2017 at 11:26 am,
          Excelsior says:

          That is good to hear. I was just sharing what other geos were stating on other blogs.

          ** It may be helpful to set up some kind of Q&A with Quinton where he could address / dispel that placer deposit idea that is circulating and point out why it isn’t likely (because, as you noted, there isn’t a good source for that gold in that kind of scenario).

          >>Maybe we could have QH on the KER or Jay Taylor could interview him so that he could speak directly to this topic (?)

        • On November 15, 2017 at 11:38 am,
          Excelsior says:

          BTW – Thanks Bob M. I do appreciate all the info you shared and still believe they could be sitting on a monster deposit. Ever upward!

          • On November 15, 2017 at 11:53 am,
            Excelsior says:

            P.S. – I believe the comments you made today are quite instructive for other investors still looking at Novo and some of the other companies in the Pilbara, and I reposted a consolidation of the 3 prior posts for others to also consider.


          • On November 15, 2017 at 9:39 pm,
            Matthew says:
  8. On November 14, 2017 at 6:37 pm,
    JohnK says:
  9. On November 14, 2017 at 7:22 pm,
    JohnK says:

    Things are about to get shaken up in the Nations Capitol.

  10. On November 15, 2017 at 4:19 am,
    Dave says:

    stochastics are used for trading range technical analysis NOT for trending markets.
    That is why they are useless and don’t work for trending markets.

    • On November 15, 2017 at 5:21 am,
      GH says:

      Not true. But behavior varies depending on if it is range trading or trending.

    • On November 15, 2017 at 7:07 am,
      Excelsior says:

      stochastics can get embedded in overbought or oversold conditions in trending markets, and offer a clue that a market is sticking in a trend when that happens.

      However when either the Slow or Full Stochastics crosses in overbought or oversold conditions when people are expecting a pullback or bounce, then they often are great indicators of the turn, and will do so more “real time” , where a Death Cross or Golden Cross may lag by a few days/weeks, and the MACD is definitely a lagging indicator on turns, and will cross long after the turn has happened.

      It is for that reason that watching both the Slow and Full Stochastics have great merit in watching for short duration turns.

      • On November 15, 2017 at 7:11 am,
        Excelsior says:

        Doc is not a trader, so he is looking for the longer term themes and trends to play out and that is why he is focused more on the MACD and looking at the Weekly and Monthly Charts. Those are the key for a big picture forecast, but don’t do much for day to day trading.

        Things like using Slow Stochastics or Stochastics RSI in combination with trendlines, forks, key moving averages, Fib extensions/ retrace levels, or candlestick patterns are more useful to short-term swing traders.

        • On November 15, 2017 at 7:13 am,
          Excelsior says:

          Short duration traders are using tools like picks and shovels to get into every crack and crevice; where longer-term value investors are using a bulldozer, which is not a precise, but smooths out all the noise on the charts. They both have their place.

        • On November 15, 2017 at 8:17 am,
          Paul L says:

          I like using moving averages and RSI mainly. I also use a ribbon moving average chart that has 8 short term averages: 20,25,30,35,40,45,50,55. ( Then I set the chart at 15 minutes and sometimes look at the 30 minutes, 1 hour, 5 hours, day chart.

          • On November 15, 2017 at 8:28 am,
            Excelsior says:

            Yes, I like using about 3 moving averages, but that ribbon of 8 sounds interesting. Sometimes I struggle if there is too much data on a chart though, and fare better when I just focus on about 3-5 key metrics. I do like going into the shorter duration charts for when I place a trade “live” instead of with a limit order, and actually like the 1 hour and 5 minute charts.

          • On November 15, 2017 at 9:01 am,
            Paul L says:

            When the shorter averages are all stretched higher with no overlaps then it becomes time to think about selling. When the shorter averages are stretched lower than the longer terms ones it can be a good time to start buying.

          • On November 15, 2017 at 9:05 am,
            Excelsior says:

            That makes sense and I could see the ribbon of 8 giving off those signals. Interesting.

            Thanks Paul L.

          • On November 15, 2017 at 9:34 am,
            Paul L says:
          • On November 15, 2017 at 10:17 am,
            Excelsior says:

            Interesting. Currently its way under all those MAs. Thanks.

          • On November 15, 2017 at 1:22 pm,
            GH says:

            I follow mostly the 10 & 60 minute charts for intraday, but also others.

            I’m looking for bullish divergence to form in XOP on the intraday charts. Tomorrow? I mostly follow RSI (14 &5), MACD, Slow and Full Sto, and price relative to a few moving averages. The more of these indicators that show a bullish divergence, the better the signal. Slow STO and RSI(5) tend to be the first to give a signal, and then I look for confirmation from the slower indicators.

      • On November 15, 2017 at 1:16 pm,
        GH says:

        Good info, both Ex and Paul L. Thanks, I should have elaborated more myself.

  11. On November 15, 2017 at 7:08 am,
    Paul L says:

    Buying more XOP now at 33.9 to 34.20 range.

  12. On November 15, 2017 at 7:19 am,
    Paul L says:

    33.85 looks like the best price to buy xop on the 1 hour chart.

  13. On November 15, 2017 at 7:45 am,
    Paul L says:

    Last call to jump into oil.

  14. On November 15, 2017 at 8:02 am,
    Paul L says:

    URA looks like a good buy at 13.06. Down from 14.40

    • On November 15, 2017 at 8:10 am,
      Paul L says:

      URA bouncing off 50 day average at 13.07. Now 13.17.
      XOP has bounced off the 50 day at 33.94 and it looks like the 50 will cross over the 200 in a few days.

      • On November 15, 2017 at 8:25 am,
        Excelsior says:

        Yeah, I’m still debating on when to start adding more to some Uranium stocks, but wanted to see us get further into tax loss selling first to see if more investors abandon ship.

        • On November 15, 2017 at 10:19 am,
          Excelsior says:

          Then again, the carnage may be mostly over for U308 stocks as they were sold down since February all year long. I may start doing a small bit of adding at these levels.

  15. On November 15, 2017 at 8:42 am,
    Excelsior says:

    Anaconda Mining – Newfoundland and Labrador Mining Site Visits Part 1

    by Brian Leni P.Eng – Founder – Junior Stock Review – November 15, 2017

  16. On November 15, 2017 at 9:46 am,
    Paul L says:

    Weed companies will fall hard. I got out yesterday. A quick sharp correction and then up again.

    • On November 15, 2017 at 10:31 am,
      bonzo barzini says:

      I wonder which weed companies Doc and Al own?

      • On November 15, 2017 at 11:36 am,
        Paul L says:

        I am trying to buy back ACB in the 4.65 to 5.50 area but it did not drop much at all. Weed is not looking good and I will stay out of it. I sold as high as 20.89 or so for my original shares that had and 11.90 cost.

  17. On November 15, 2017 at 10:38 am,
    bonzo barzini says:

    Matthew, I recall when USAS was@5 you sold some. Have you started buying it back yet now that it’s@3.60? I never sold even though I could see it was going to correct. Thanks.

  18. On November 17, 2017 at 11:57 am,
    bonzo barzini says:

    Thanks, Matthew. Guess I’ll wait to buy more.