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Gold Commentary – Recapping This Year and Revisiting Our Outlook For 2018

Cory
November 15, 2017

Doc keeps a very close eye on the gold charts and has been updating us on his longer term outlook. We revisit the moves and comment on this year’s performance for gold with a look ahead to 2018. We also address what could get the market moving.

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Discussion
12 Comments
    Nov 15, 2017 15:51 PM

    my gold and silver companys are making money . But the stocks are doing misirable. My food and soda pop stocks are doing modestly better. Gold needs to move above 1600 to get my stocks moving. Looking for some under valued group but cant find one. any suggestions ?

    Nov 15, 2017 15:57 PM

    The Last Totem is coming in GOLD ! And insanety !

    Nov 15, 2017 15:41 PM

    Comparable valuation metrics on #Zinc #Exploration companies:

    * source: $CZXMF presentation page 20

    $AZ $TK $AQA $CZX $Z $CZN $ADZN $IBG.AX $ZINC.V $RTH

    http://cdn.ceo.ca/1d0plj1-CZX-Corp-Pres-Nov-2017-ValuationMetrics.pdf

      Nov 15, 2017 15:46 PM

      $CZX $CZXMF Canada Zinc Metals

      • Metric tonnes 19.6 Million ~Indicated / + 8.1 Million ~Inferred
      Zn Cut-off Grade 5% / 5%

      • Average Grade: ~Indicated / ~Inferred
      #Zinc – 8.17% / Zinc – 6.81%
      #Lead – 1.58% / Lead – 1.16%
      #Silver – 13.6 g/t / Silver – 11.2 g/t

      • Gross Contained Metals ~Indicated / ~Inferred
      #Zinc – 3.54 billion lbs / + Zinc – 1.21 billion lbs
      #Lead – 0.68 billion lbs / + Lead – 0.21 billion lbs
      #Silver – 8.6 million oz / + Silver – 2.9 million oz

      >>> 2017 drill results have not been added to model or resource yet

      http://cdn.ceo.ca/1d0pknv-CZX-Corp-Pres-Nov-2017%20page%2020.pdf

      * Upcoming 2017-2018 Catalysts
      > Release 2017 drill results; reconfigure the geology & resource models: Q4 2017
      > Complete metallurgical testing for Cardiac Creek: Q1 2018
      > Re-issue new resource calculation for Cardiac Creek deposit: Q2 2018
      > Preliminary Economic Assessment (PEA): Q2 2018

      * Considering “spinout” of regional properties into another publicly traded vehicle for the benefit of existing $CZX shareholders

    Nov 15, 2017 15:25 PM

    Trump to tap nuclear industry lobbyist for U.S. Energy Dept job

    Reuters Staff – November 15, 2017

    https://www.reuters.com/article/us-usa-trump-nuclearpower/trump-to-tap-nuclear-industry-lobbyist-for-u-s-energy-dept-job-idUSKBN1DF38T

      Nov 15, 2017 15:30 PM

      Russia Uranium Investigation: Justice Department Looks Into Hillary Clinton Role in Kremlin Scheme

      Robert Valencia – Newsweek – November 13, 2017

      “Hillary Clinton may find herself under the magnifying glass of justice. Again.”

      “On Monday, Attorney General Jeff Sessions directed senior federal prosecutors to evaluate whether a deal made by the Obama administration with a Russian energy company involved “unlawful dealings related to the Clinton Foundation,” according to a letter issued by the Office of the Assistant Attorney General. The decision is a response to July 27 and September 26 requests by Republican Representative Bob Goodlatte of Virginia, who chairs the House Judiciary Committee.”

      https://finance.yahoo.com/news/russia-uranium-investigation-justice-department-041341266.html

    Nov 15, 2017 15:34 PM

    Greenlight’s Einhorn Says Issues That Caused the Crisis Are Not Solved

    By Nishant Kumar and Suzy Waite – November 15, 2017

    “Hedge-fund manager David Einhorn said the problems that caused the global financial crisis a decade ago still haven’t been resolved.”

    “Have we learned our lesson? It depends what the lesson was,” Einhorn, the co-founder of New York-based Greenlight Capital, said at the Oxford Union in England on Wednesday.”

    “Einhorn said he identified several issues at the time of the crisis, including the fact that institutions that could have gone under were deemed too big to fail. The scarcity of major credit-rating agencies was and remains a factor, Einhorn said, while problems in the derivatives market “could have been dealt with differently.” And in the “so-called structured-credit market, risk was transferred, but not really being transferred, and not properly valued.”

    “If you took all of the obvious problems from the financial crisis, we kind of solved none of them,” Einhorn said to a packed room at Oxford University’s 194-year-old debating society. Instead, the world “went the bailout route.”

    “We sweep as much under the rug as we can and move on as quickly as we can,” he said.”

    https://www.bloomberg.com/amp/news/articles/2017-11-15/greenlight-s-einhorn-says-issues-that-caused-crisis-not-solved-ja1cw3ws

    Nov 16, 2017 16:28 AM

    In my mind, the single ingredient missing in the PM markets is fear. There ain’t any! It’s Nirvana from here on out and until that sentiment changes……..gold and PMs will remain at the back of the parade.

      Nov 16, 2017 16:38 AM

      I’d prefer to see Gold & Silver moving up on currency movements, monetary concerns, interest rate policies, and inflation….. rather than fears over geo-political uncertainty (which tend to be fleeting).

      Like you said though, the markets are acting like it is Nirvana from here on out….. Volatility can’t be found and good times are here again! 🙂

      As they say…..”The only constant is change”.

      This too shall pass…..

    PF
    Nov 16, 2017 16:00 AM

    What would be helpful is for Bitcoin and other cryptos to crash. I have no doubt these digital currencies are sucking up a lot of investor money that would normally go into PMs.