USD – Fundamentals Point Up, Technicals Point Down
Doc is with me today to outline the discrepancies between the fundamentals and technicals. Fundamentals are pointing to a stronger dollar but when looking at technicals we are seeing weakness. Timing is important and it is typical to see fundamentals factors take longer to materialize.
Click download link to listen on this device: Download Show
long ACBFF
its been on a surge for sure. Congrats!
I’m looking into about a dozen or so related companies.
LiveStream – Trader Boss Chat
Streamed live on Dec 14, 2017
two weeks is a long time in the crypto market – NOT LIVE
Are the fundamentals strong for the dollar?
The Trump Administration does not want a strong dollar.
China is increasingly disposing of its dollar bond holdings and moving that money back to China.
There are vast numbers of immigrants, legal and illegal (an extra 1.8 million last year) that are earning or receiving money in the US and sending it abroad to help family members. (We like to think of this as peanuts in the big picture of things, but given enough immigrants, this will slowly destroy the dollar as wealth leaves the country.)
Balance of trade is still negative.
Are the fundamentals all that strong?
Doc if dollar is headed lower then gold will probably not test that lower range of 1200-1220 you were saying it could test this summer? Any changes to that because of dollar?
Paul, not yet. I still believe that if we don’t get a significant rally in gold early in this year the spring/summer will still drive gold down to that 1200-1220 area. The first 2 weeks of 2018 will tell the tale of the PMs short term—I didn’t like the performances of the PM stocks today considering the fact gold had a decent move.
I see today’s action as having only short term potential relevance. In fact, the day was net positive technically, in my opinion, as the bears accomplished nothing by the time GDX:GLD finished the session. Considering the run up so far, and assuming this has been just a typical rally, the bears should have been able to do more for their side today.
On the following GDX:GLD chart, we have a broken nearly one year old downtrend along with important daily MAs providing support and nothing that says we should sell.
http://stockcharts.com/h-sc/ui?s=GDX%3AGLD&p=D&yr=1&mn=1&dy=0&id=p52611448993&a=566127619
Another non-technical reason I see for pressure on the PMs yet is the fact there are a number of PM stocks that technically are screaming they have to move lower before bottoming out. It doesn’t make sense they would move appreciatively lower if gold/silver stayed at these levels or higher.
Yes, more than a few look like they “must” go lower but it is typical of a bull market to see obvious downside targets never reached (even after obvious upside targets were have been exceeded). This is why the following comment contains the last sentence…
On December 7, 2017 at 11:03 am,
Matthew says:
The bounce that I’ve been expecting never happened but, despite being wrong, I’m fine with that.
The more the sector can drop without coming up for air, the better the odds will be for a significant low to happen sooner rather than later.
I’ve been buying SILJ lately, including today, but still think it will probably fill the big weekly gap from April, 2016. It will be a bullish sign if it doesn’t get filled.
http://stockcharts.com/h-sc/ui?s=SILJ&p=W&yr=5&mn=0&dy=0&id=p72122900591&a=526433040
It seems bullish to me that SILJ avoided filling that gap even after the bears spent 86 weeks taking it back to it.
I had a lot of PM stocks up today in my portfolio and thought it was a positive day but didn’t dwell as much on what was going on with the larger Majors & Midtiers.
I just checked all the watchlists from Majors, to Mid-tiers, to Small Producers, to Developers, and explorers and it was an evenly distributed day with 1/3 positive, 1/3 flat, and 1/3 negative on the day.
It didn’t seem like any particularly important day, just business as usual….
Doc, what do you think about the stock XAUMF which is gold money? And are we due in the first of 2018 for a pullback on gold and silver and what are your targets?
Pardu, see my comment above. Also be very careful with XAUMF. It looks like it’s run is over for some time and the odds are that it breaks down here and heads lower. I don’t like the technicals at this time.
Is any news real until it is multiply verified?
Are any markets not rigged?
Various banks have admitted to rigging interest rates, exchange rates, metals prices etc.
The FBI and CIA are politicized beyond belief. Many in power in both organizations have gone rogue.
Listen to this and wonder why there is no revolution….
https://www.youtube.com/watch?v=4zm0miMZ7xc
And then for the whistleblowers…..
Wonder why there are not more?
Udo Ulfkotte, a German journalist working for the Frankfurter Allgemeine, admitted to being paid by the CIA to write their narative for 20+ years. And that many journalist swere paid CIA puppets. Sadly he died, yes another heart attack victim, a year or so ago after exposing the CIA. (Just one of many) It’s usually surprize heart attacks or jumping off roofs.
cardiac injected assistance………..CIA ..
.For Bigger Injection ….try FBI
IRS…..injection rear side………
Ulfkotte did say he had heart problems and only expected to live a few more years. Apparently the effects of a gas attack in the Iran-Iraq war, I believe he said. This probably would have been 2013-4.
He explained this as part of his motivation to come clean–no dependents and didn’t expect to live long.
oops: journalists were not journalist swere. (My left hand does not always know what my right hand is doing!)
Off Topic:
Islamic Scum strikes again….
https://www.youtube.com/watch?v=u1Gf8OBmelQ
https://youtu.be/kl9IVCvpg0M?t=167
Ira’s Metals
Meanwhile in the land of Fruits and Nuts…..
SAN DIEGO (AP) — Live music. Free T-shirts. A “Fweedom” celebration with mystery prize boxes worth up to $500, and a shot at a behind-the-scenes tour.
Marijuana legalization arrives Monday in California with lots of hoopla, but only a handful of cities will initially have retail outlets ready to sell recreational pot.
By Thursday afternoon, California had issued only 42 retail licenses. Another 150 applications were pending and regulators planned to work a second straight weekend to review them.
The lucky few outlets with licenses — mainly in San Diego, the San Francisco Bay Area, Palm Springs area and Santa Cruz — think they have an edge being first out of the gate.
Russian law increases Rosatom’s political authority
28 December 2017
“The Federation Council, the upper house of the Russian Parliament, has approved amendments to the law governing Rosatom, which give the state nuclear corporation’s supervisory board the power to approve the development and financing of nuclear power projects. The law was presented by Alexey Dmitrienko, a member of the Federation Council’s economic policy committee, on 26 December.”
Michael Shellenberger on nuclear support
By The New York Times | Dec. 19, 2017
ANFIELD RESOURCES ANNOUNCES NAME CHANGE AND SHARE CONSOLIDATION
22 Dec 2017 (ARY) is now (AEC) (ANLDD)
http://anfieldresources.com/anfield-resources-announces-name-change-and-share-consolidation/
IMO now is the time to start adding to Anfield Energy Inc. (AEC).
Remember this is the company Anfield Resources that acquired many of the previous US assets from Uranium One and it will be going into production for low cost ISR Uranium production this next year. In addition it has a very interesting Vanadium project, which is the only specialty metal on the radar capable of derailing the Lithium-Ion Battery. If the Vanadium redox flow batteries take off, then this is a nice secondary asset.
After a stock goes through a name change and reverse split there is typically an lull where investors get confused on what just happened, some bail, some shares get hung up on different platforms, etc…
On a percentage basis, Anfield Energy could really be a multibagger over the next year or two.
Ex, when the share consolidation is announced that signals a sell for me until sometime after the consolidation takes place. At least a couple of days if not two to three weeks later. DT
Great info, thanks once again 🙂
DT yes agreed that few days to a few weeks is best to let the dust settle after a reverse split – The news was on 12/22/2017 from last Friday, so it was a week ago at this point.
There is no rush of course, as we are talking about Uranium mining here 🙂
If the Uranium miners do have their Jan/Feb rally then more eyeballs may be scanning the sector for undervalued deals and if you pull up a long term chart, this one has been murdered. They took over the symbol of an old Oil/Gas company who also had a terrible death spiral into 2016.
There will only be about 21 Million shares out after the consolidation, so that’s pretty tight to kick off the new chapter for this company.
GH – It’s a much higher risk Uranium miner at this point, but really most of the downside has just occurred. Some of the more popular names in the sector like UEC, URG, UEX, DNN, UUUU, NXE, etc… have already put in nice moves since mId November. For ARY now AEC – this consolidation has been hanging over their heads and they haven’t yet participated in the rally. I’m going to be picking some shares up just in case there is a “catch up” rally now that the deal is done.
https://youtu.be/DEnTEvL-nsg?t=35
IRA’s End of Day TA.
Anaconda mining is an old company , if memory serves me right I believe they had a gold mine near Squamish British Columbia, over 50 years ago. If it’s the same company there is not only history backing them up but also experience. DT
DT are you getting on the ANX train with us? 2018 is going to be a good year for Anaconda if they lock into their exploration work on Goldboro. That project used to belong to Orex.
Sorry – Don’t use that link above – Use this one to go straight to Peter’s document:
https://mpra.ub.uni-muenchen.de/81197/2/MPRA_paper_81197.pdf
Yes Ex, I have been picking up shares in tranches. I think this company will be a compliment to my portfolio. DT
Anaconda is sitting on more than they even realize according to the Unknown Geologist, from when he worked underground at Goldboro in 1988 (it’s currently been filled with water, when they pump it out and start exploring down there, it will turn a few heads).
P.S. – I posted a slew of info on Anaconda on this KER report in the recent past:
(about 2/3 of the way down)
http://www.kereport.com/2017/12/19/wrong-timing-qe-inflation/
Ex, I remember the trouble Cameco had with mine dewatering, this could take a long time, I’m thinking maybe 6 months to one year. Do you have any projections in regards to pumping the water so the mine can be accessed. DT
Well keep in mind that Anaconda has 3 different assets:
1) Their flagship is their Point Rousse mine/mill and they already have production here that they are continuing to optimize. This is what their current primary valuation is based on, and there is still considerable exploration upside around this mine.
2) Their Goldboro asset is the one they picked up by acquiring Orex Mining in April/May of this year and it is the asset that many believe will transform the company. This is the asset where they are doing quite a bit of drilling from surface, and have all the historic drilling info, and will be putting out a PEA in 2018. This is also where the old shafts are flooded that once de-watered could really raise some eyebrows from investors when they get in there to do further exploration work. The PEA will likely be released before they flush out exactly just how high grade some of the areas are down below, but THAT is going the to be their upside surprise. Yeah, 6 months to 1 year sounds reasonable to pump it out, but I’m looking forward for more guidance on how they plan to proceed on the PEA they release.
3) Viking project made up of 2 projects – more on the exploration side, and the resource defined here can be barged over water to their Point Rousse mill for more synergies, without having to build a second mill here at this site.
They have 2 other prospective properties, but those are the 3 main projects.
Goldboro is the project that has captured the imagination of investors beyond the Point Rousse production story, and the supplemental deposit from Viking. From what I’ve learned Goldboro will be an absolute beast of a project when they uncover what they are actually sitting on there.
Fun times!
________________________________________________________________________
ANACONDA MINING PRODUCES OVER 4,100 OUNCES OF GOLD AND GENERATES $5.8M IN REVENUE IN Q2 FY 2018
December 14th, 2017:
President and CEO, Dustin Angelo, stated, “The Point Rousse Project has continued its solid performance, achieving increased ore mining rates, continued high mill throughput, and strong gold production. With 8,751 ounces of gold produced for the six months ended November 30, 2017, we are well placed to exceed our fiscal year guidance of 15,500 ounces. The continued performance of the Company’s Point Rouse Project adds to an exciting period for Anaconda, as it plans to release a Preliminary Economic Assessment on the Company’s high-grade Goldboro Project in Nova Scotia, and has commenced extension drill programs at both Goldboro and the Point Rousse Project.”
Here’s their Goldboro page as it stands now:
DT – you’ll see their timeline for Goldboro on that link above.
WOW, Ex, what an embarrassment of riches, I have barely the time to read and comprehend all this material let alone write it up and present it to other investors. Well done is all I can say, I don’t know how you find the time to do everything. Are you sure you weren’t transported here from another dimension? DT
Haha – I just don’t sleep….. (and I was transported here from another dimension….shhhh)
Check out this post from Markedtofuture over at the ANX room on ceo:
(really good breakdown of everything)
I don’t know if it´s the same ‘Anaconda’, but they or a predecesor of the same name pretty much ran the state of Montana for its first century–the pit in Butte, and the smelter in Anaconda.
Different Anaconda I believe. There have been 3 prior Anacondas in the mining sector that I’m aware of, but this one is a newer incarnation in Nova Scotia & Newfoundland.
If the $HUI:$SPX ratio takes out the blue horizontal resistance and the pitchfork resistance, it would strongly suggest the gold stocks have bottomed versus the S&P500.
The body count goes on:
Thanks Doc / Cory – very interesting and useful.
Is this a premonition of the future in the over-indebted US?
Mining Companies Urge Top Congo Lawmakers to Block New Law
By William Clowes – December 27, 2017
Mining companies in the Democratic Republic of Congo have urged lawmakers to rethink new legislation that could lead to acrimony between the government and the industry.
“Local subsidiaries of Glencore Plc, China Molybdenum Co., Randgold Resources Ltd., Ivanhoe Mines Ltd. and MMG Ltd. sent a letter, which has been seen by Bloomberg, to Leon Kengo wa Dondo and Aubin Minaku, respectively the presidents of the Senate and National Assembly. They asked them to “suspend the process of adopting the text in its current version” and to “organize a true consultation of the mining industry.”
Palladium touches 17-year high at $1,069.50
Andrew Topf | about 7 hours ago
http://www.mining.com/palladium-touches-17-year-high-1069-50/
Copper rallies to three-year high as China plant halts output
Bloomberg | a day ago
http://www.mining.com/web/copper-rallies-three-year-high-china-plant-halts-output/
Chris Berry: Consolidation and M&A coming to the lithium space in 2018
Palisade Radio | about 7 hours ago
“There is a powerful economic tail-wind in play right now. Battery technology and prices are continuing to get cheaper. Solar, wind, and batteries are all getting more affordable and as technology improves the energy metals look increasingly promising.”
“China usually does what they say they will do, and they want seven million new vehicles on the road by 2025. That alone will increase lithium demand from 215k tons to over 300k tons. He feels E.V. demand will center around China and their desire to clean up air quality.”
“Investment interest is still lagging, and there is much room for growth. As underlying commodity prices improve, the stocks and market caps are likely to perform well.”
“Mr. Berry expects that the general theme for 2018 will be one of consolidation and acquisitions as major companies look for long-term supply. He discusses various companies that can provide good pure exposure to the market.”
http://www.mining.com/web/chris-berry-consolidation-ma-coming-lithium-space-2018/
http://jimbovard.com/blog/2017/12/26/fff-homeland-security-multibillion-dollar-comedy-show/
The Government is bankrupt, of good ideas, good workers and money.
By JOE McDONALD – Associated Press – 1 hour ago
BEIJING (AP) — China is responding to Washington’s tax overhaul by offering foreign companies a break on Chinese taxes in a bid to retain investment.
The measure announced late Thursday is Beijing’s first major reaction to the U.S. decision to cut corporate tax rates. It follows a flurry of promises by communist leaders to spur growth in the slowing, state-dominated economy by opening more industries wider to foreign companies.
Foreign companies will be exempt from withholding taxes on profits they re-invest in industries specified by Beijing, the Finance Ministry and tax agency announced. It is retroactive to Jan. 1, 2017, meaning companies would receive a refund on taxes paid this year.
Beijing wants to “attract foreign investors after a host of countries unveiled similar measures to lure foreign and domestic investment,” the official Xinhua News Agency said.
By MEAD GRUVER – Associated Press – 29 minutes ago
CHEYENNE, Wyo. (AP) — President Donald Trump’s administration is rescinding proposed rules for hydraulic fracturing and other oil- and gas-drilling practices on government lands, government officials announced Thursday.
The rules developed under President Barack Obama would have applied mainly in the West, where most federal lands are located. Companies would have had to disclose the chemicals used in fracking, which pumps pressurized water underground to break open hydrocarbon deposits.
The rules to be rescinded Friday were supposed to take effect in 2015 but a federal judge in Wyoming blocked them at the last minute. In September, the 10th U.S. Circuit Court of Appeals in Denver declined to rule in that case because the Trump administration intended to rescind the rules.
The long-awaited change drew praise from industry groups including the Washington, D.C.-based Independent Petroleum Association of America and Denver-based Western Energy Alliance, which sued to block the rules.
CFS comment: This will not affect State regulations.
Thoughts on $Natgas anyone?
Bollinger band width just recently was the lowest it has been in the 27 years, implying a big move is imminent.
http://stockcharts.com/h-sc/ui?s=%24NATGAS&p=W&st=1989-03-28&id=p77073427939&a=566196890
I’ve been puzzling over this for weeks now…up, or down? I caught the swing low last week and am up nicely in UGAZ now…
Likesmoneycycletrading indicates we likely just put in a DCL and ICL, and appears to believe a major move up is imminent in Natgas.
https://likesmoneycycletrading.wordpress.com/2017/12/28/natural-gas-harmonic-convergence/
The cold weather the last 2 weeks woke everyone up to the demand side of the equation for Nat Gas. I’ve seen others discussing it recently as well.
If Trump is thinking of military action against China because of N. Korean oil sanction busting, I hope he’s getting good advice.
Because THAAD won’t work for US defense:
https://thediplomat.com/2017/12/introducing-the-df-17-chinas-newly-tested-ballistic-missile-armed-with-a-hypersonic-glide-vehicle/
I´ve been out of the loop on news for a while now.
So, to be clear…the US is embargoing oil shipments to N Korea? Is this not an act of war, to deprive a country of a necessary resource? So the US expects China to join it in waging war on N Korea?
It was UN action and China did not veto the action.
Interesting, thanks for the clarification.
Margi Murphy
28 DECEMBER 2017 • 4:03PM
The chief executive of a UK-based Bitcoin exchange called EXMO has reportedly been kidnapped in Ukraine.
Pavel Lerner, 40, was kidnapped while leaving his office in Kiev’s Obolon district on December 26.
Local media reported that he had been pulled into a black Mercedes-Benz by a group of men wearing balaclavas.
CFS Comment: No mention of what he was doing in Ukraine. After Victoria Nuland’s action there under Obama, I don’t know what’s up.
Listen to the front end of this and wonder why your taxes are not higher:
http://podbay.fm/show/209377688/e/1514520858?autostart=1
Goldman Sachs, Citing Recent Tax Overhaul In US, Expects To Take A $5 Billion Hit To Profits This Quarter
Associated Press – 1 hour ago
NEW YORK (AP) — Goldman Sachs, citing recent tax overhaul in US, expects to take a $5 billion hit to profits this quarter.
Is Russia learning how the US operates?
Reports: Turkey, Russia Sign Loan Deal For S-400 Air System
Associated Press – Fri Dec 29, 4:40AM CST
ANKARA, Turkey (AP) — Turkish media are reporting that Turkish and Russian officials have signed a financing agreement for the purchase of a Russian-made anti-missile system worth $2.5 billion.
The Hurriyet Daily News newspaper said the loan deal for four S-400 surface-to-air missile batteries was signed in the Turkish capital Ankara on Friday.
Turkish President Recep Tayyip Erdogan announced in September that Turkey had signed a deal to buy Russia’s most advanced air defense system, drawing concerns from some of Turkey’s NATO allies.
Some NATO countries have expressed worries that the S-400 system is not compatible with the alliance’s weapons systems.
CFS Comment: Interesting how Turkey thinks it needs to defend itself against whom?
A reminder, tax loss selling was over for the season at the end of Wednesday’s trading session.
Let the games begin !!
Gold $1305
Silver $17.00
Copper $3.29
Zinc $.150
Oil $60.19
oops – Zinc is $1.50 not .15
These Five Cognitive Biases Hurt Investors the Most
Jeff Desjardins – The Visual Capitalist – October 18, 2017
http://www.visualcapitalist.com/five-cognitive-biases-hurt-investors/
HIVE Blockchain Closes Final Tranche of $115 Million Financing
@newswire on December 29, 2017
https://ceo.ca/@newswire/hive-blockchain-closes-final-tranche-of-115-million
That’s a big financing under their belt. I’m so used to a $1 million – $10 million financing in most hard rock miners that $115 million deal is in a whole different league.
Different ball game……….Frank can fleece about anyone………lol
🙂 – I really think the business they acquired (Genesis Mining) knows what they are doing. Frank & Frank are just the promotional mouthpieces.
If, you can fleece countries…….there is no problem fleecing a bunch of investors….
A valid point.
I’m getting ready to add to my (AEC) Anfield Energy [formerly Anfield Resources (ARY)] to cash in those Uranium One assets that they sold off and have now been brought back in under a new roof 🙂
Anfield’s intent is twofold: 1) to advance its Wyoming properties in order to leverage the Resin Processing Agreement between Anfield and Uranium One; and 2) to restart its Shootaring Canyon Mill in Utah to process nearby uranium resources. As well, the potential development of vanadium assets is being evaluated.
Sounds like a money laundry machine………… 🙂
Good clean fun….
$115M is quite the fleece(or feat)
+115
First Gold Poured at Yanfolila Gold Mine
Hummingbird Resources (HUM.L) (HUMRF) is delighted to announce that it poured first gold at the
– Yanfolila Gold Mine in southern Mali from the carbon-in-leach circuit on 19 December.
– The Company’s first gold pour was achieved on time and on budget.
– The Company is now focussed on completing commissioning and ramping up to commercial production, targeting ~130,000oz of gold in the first full year of operations.
http://hummingbirdresources.co.uk/_downloads/Gold_Pour_21.12.17.pdf
Hoosiers pissed with action of NFL…………..Bill for refund starting in INDIANA
https://www.zerohedge.com/news/2017-12-29/indiana-bill-would-force-nfl-colts-repay-angry-fans-offended-anthem-protests
Hmmm – best to keeps one’s bitcoin billionaire status to one’s self then…..
From $900 to $20,000: Bitcoin’s Historic 2017 Price Run Revisited
Stan Higgins – Dec 29, 2017
https://www.coindesk.com/900-20000-bitcoins-historic-2017-price-run-revisited/
Belarus recognizes Cryptocurrencies in bid to become Bitcoin haven
25 Dec, 2017 – RT
https://www.rt.com/business/414195-bitcoin-mining-belarus-cryptocurrency/
Added a couple more articles of interest to that pot chat if you missed it Ex
I saw it that one article on cgoc was pretty funny as well as informative. Thanks for the heads up!
Have come to realize my input here in non resource plays is of greater value than my resource plays….more of a follower now on the resource plays…..but not complaining about my results there either..👍
Wolfster – I really appreciate all your input be it in resources like Gold, Silver, Zinc, Copper, Lithium, or in non-resource pot/crypto/tech.
Keep on keepin’ on!
Interesting article on Belarus…………..
Bitcoin plunge takes down cryptocurrency-linked stocks
Reuters Videos Reuters Videos 18 hours ago
https://www.yahoo.com/news/bitcoin-plunge-takes-down-cryptocurrency-200629531.html
Digital currency ripple soars over 30%, briefly becomes second-largest cryptocurrency by market cap
Evelyn Cheng – December 29, 2017
https://finance.yahoo.com/news/digital-currency-ripple-soars-over-142956714.html
Ripple is a banking crypto.
As such it is highly susceptible to manipulation should a banking cabal so decide.
I personally would never gamble with bankers in control.
ditto
Ripple is what Fred Sandford called the cheap wine he drank, he’d turn over in his grave if he heard what has happened to his beloved ripple. LOL! DT
Reuters article was out of date even when written.
Pure PROPAGANDA.
Pure propaganda is a bit strong from the Reuters article, but I believe the issue some took with the South Korean situation, is that it was a ban on those “temporary” bank accounts accessing cryptos, which is a common practice over there, more so than the normal registered bank accounts.
It was correct from one standpoint, but should have clarified the difference in the ban on the temporary versus registered bank accounts.
Regardless there was a dip in the cryptos and stocks when it was released.
I’m keeping mum about my bitcoins…
Wise decision. We don’t want a car and some dudes in ski masks hauling you off Bonzo Barzini.
Commodities End 2017 With a Bang in Longest Rally on Record
By Eddie Van Der Walt , Alex Longley , and Robert Brand
December 29, 2017
Anyone have any thoughts on what the big copper play of 2018 will be???Between Katusa and Wealth Report and a couple of other investment teams (touts or whatever you want to call them) they have all talked up copper big and said there was one hugely undervalued big play they all will be sharing with their subscribers in early January….I’m leaning towards nevsun but open to others input
Trilogy Metals, Entree Resources, Regulus, and Turquoise Hill should have good years.
If you’d like a link to my 200 company Copper Watchlist there are tons of good candidates:
Thanks Ex.I probably didn’t phrase it the best ….they all seem to hint at there being a huge deposit that is being way undervalued. If northern dynasty hadn’t had such a big run the past year it would have fit the bill. I was between nevsun Ivanhoe and even Mcewen (Argentina play I believe) size of deposit being so potentially huge is what should make it a more narrow list
Oh. Well there are a ton of Copper deposits that are still way undervalued, many of them are quite huge in nature.
I like that MUX copper deposit by the way. As to which one Katusa and the Wealth report are pumping now there is no telling.
I think Pebble is still in their sights for Northern Dynasty, but Katusa also really pumped Black Sea Copper and Gold a while back.
My buddy @MiningBookGuy really likes Xanadu Mines.
@Pamplona trader mentioned Atalaya Mining yesterday as a potential.
Honestly I think one of the largest copper projects out there is the one that EMX Royalty has a strategic investment in Russia (IG Copper LLC):
https://www.emxroyalty.com/asset-portfolio/strategic-investments/ig-copper-llc/
Lots of chatter over the last few months about Bell Copper but it is a smaller deposit.
Amerigo Resources looks interesting to me, as does Atico Mining and Trigon Metals.
Sama Resources for Nickel/Copper is also getting pumped a lot recently by Pamps and others.
Avanco and Highland Copper are a few more.
I traded Quaterra few times earlier this year on the thoughts that now the Copper prices are improving the projects may come back into vogue.
One of my larger Copper/Nickel/PGMs/Gold assets is still Polymet. They finally got their permits to proceed after over a decade of work. that is going to be a nice polymetallic project when it gets into production.
Thanks Ex. I’m looking to get back in the resources more….trying to be very selective. Been working good with small caps. Pots are all up so no real selection process there
(PLM) PolyMet submits financial assurance estimate to DNR in updated permit application – Anticipates release of draft permit to mine in the near future
December 13, 2017
Here is one extremely appealing monthly chart of the XAU priced in the Dow. As you can see, the miners are still down 97% versus the Dow since the XAU-Dow ratio peaked in 1984 even though they are currently up 49% since the ratio bottomed in 2016 (PRECISELY at the first touch of a fork support that was decades in the making).
The next leg of this new bull market is likely to last much longer than the 6-7 months we enjoyed in 2016 – with pullbacks along the way, of course.
Notice that the XAU:DOW ratio is still well below its October 2000 low:
The banksters and the agreeing congress under Clinton , have the youth enslaved in school debt………………….
https://www.zerohedge.com/news/2017-12-29/student-debt-slavery-bankrolling-financiers-backs-young
https://www.youtube.com/watch?v=05_ruP3anXA…………Hello America , wake up
A loan for education is about the same as a loan for a car.
I wonder which is more valuable.
The problem is that many students have little financial education.
That is the fault of parents and high schools, and guess who controls the high school curriculum.
A loan is DEBT. A car loan and student loan is an apple and orange comparison……..Student loans are total bondage , because they can not be dismissed in Bankruptcy, but, you already know that.
If students don’t want a loan, they can always work their way thru’.
Thousands do it.
I got a scholarship to Oxford, but dropped out of high school (never graduated officially) in order to get a full time job on a building site for 8 months to earn extra money for travelling, etc.
My son got a scharship to Stanford but got summer jobs before graduating high school, so he could afford to buy and run a mercedes at university.
If kids are intelligent enough to get a place at a college, they should be intelligent to know whether or not to take on debt.
Not remotely as feasible as once upon a time due to the outrageous inflation caused by excessive student loans.
Meanwhile the kids are conditioned to think it is normal and necessary, and their parents are dolts if they don’t see it that.
If they don’t see it that *way*.
I agree with your points CFS, to a point, but clearly, in the aggregate, that is not how it is working out, nor will it. Higher education has been turned into a big trap for the majority that fall into it.
It’s a racket.
The concept that a lender has the responsibility to assess the ability of a borrower to repay, and that they assume risk as well, has been thrown out the window where student loans are concerned.
This has been done with the full knowledge that in the majority of cases it is a bad investment.
But hey, the millenials parents and grandparents have already buried them irrevocably in debt, so what’s the big deal with throwing them in the loanshark tank to boot? (Karl Denninger wrote a wonderfully deranged piece recently where he puts the blame on the Millenials).
CFS…………..There is no way your education cost $135,000 ………..
College cost is a scam…….with tons of worthless degrees……Somebody is out of touch with reality……………jmo
Monarques Gold Announces Positive Results for the Updated Beaufor Mine Technical Report
@newswire on December 28, 2017 (MQR) (MRQRF)
“The outcome of the technical report is positive for Monarques, as it confirms the profitability of the Beaufor mine,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Furthermore, the report does not consider the Camflo mill’s current custom milling activities, which could enhance the mine’s profitability. We are also continuing to assess our options for extending the mine life through targeted drilling programs on the most promising identified zones.”
https://ceo.ca/@newswire/monarques-gold-announces-positive-results-for-the-updated-d8660
Freedom of speech in Iran:
By JON GAMBRELL – Associated Press – Thu Dec 28, 12:55PM CST
DUBAI, United Arab Emirates (AP) — Iranians angry over rising food prices and inflation protested in the country’s second-largest city and other areas Thursday, putting new pressure on President Hassan Rouhani as his signature nuclear deal with world powers remains in peril.
The protests in Mashhad saw police make an unspecified number of arrests, local authorities said, though the country’s powerful Revolutionary Guard and its affiliates did not intervene as they have in other unauthorized demonstrations since Iran’s disputed 2009 election.
It wasn’t immediately clear how many people took part in Thursday’s protests, though social media posts suggest several thousand likely demonstrated at rallies across at least three other cities.
Iran’s state-run IRNA news agency quoted the governor of the northeastern city of Mashhad, Mohammad Rahim Norouzian, as saying there was an illegal “No to high prices” gathering in the city.
The move up in the gold & Silver miners has been so stealth, and it is amazing that certain companies are moving up day after day after day, and it seems like nobody cares. Many of these miners are up 10-40% since the Dec 13th Fed rate hike and those are nice returns, but it is like nobody cares. So weird.
There’s nothing wrong with slow upward movement.
Much more sustainable that panic buying.
Yeah, I agree, as it is slow and steady wins the race, and it is definitely NOT panic buying 🙂
I’m surprised that so many PM enthusiasts still seem so bummed or disinterested when it’s been 2 weeks of gains and one of the nicest stretches we’ve had in months. My guess is that many are out of the market and have missed this rally (once again), but maybe they’ll get on board for the new year.
The fact that so many are still so skeptical is just more evidence that this is going to be a great move. Bull markets are healthiest when very few get it.
+1
Let’s see how gold does at 1309…
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=8&id=p26005770542&a=566170217
Gold is currently at $1307.80 so getting close.
Silver at $17.10
This is a really encouraging final trading session for 2017.
Do not spook the market………… 🙂
Silver still stinks………….. 🙂
😮
Yes, great action to end the week, month, quarter, and year.
$XAU:$GOLD weekly looks great:
http://stockcharts.com/h-sc/ui?s=%24XAU%3A%24GOLD&p=W&yr=9&mn=3&dy=6&id=p55927825918&a=471646105
I am confident that the coming moves in the miners will ultimately exceed those of the early 2000s.
40 is the new 30 in the Bull Market. Cheers and weekend beers!
*KNT has really been on the move the last 2 weeks since this press release and the JRr mining rally started. I have a nice position in it and think the market got overly hyped and then spooked on this one, but people should just look at how much work they did on exploration around the mine to prove to the market the continued high grade hits and continuity. It’s going to be a damn fine turn-around story in 2018.
________________________________________________________________________
(KNT) (KNTNF) K92 ANNOUNCES FURTHER HIGH GRADE KORA EXPLORATION DRILL RESULTS FROM KORA NORTHERN EXTENSION INCLUDING FIRST RESULTS FROM SECOND DRILL CUDDY
December 15, 2017 In News Releases
“Drill Hole KMDD0037 records 7.55 m at 4.81 g/t Au, 5 g/t Ag and 0.34% Cu (5.39 g/t AuEq) plus 7.9 m at 6.61 g/t Au, 10 g/t Ag and 0.85% Cu (8.04 g/t AuEq)”
“Drill Hole KMDD0035 records 4.8 m at 4.43 g/t Au, 5 g/t Ag and 0.27% Cu (4.91 g/t AuEq)”
– First drill results from DDC2 significantly extend the known mineralization of this Northern Extension of Kora to the south towards the existing Kora deposit
USD fundamentals also point down, in my opinion.
In other news, it looks like the miners still want to go higher before taking a breather…
http://stockcharts.com/h-sc/ui?s=%24XAU&p=D&yr=1&mn=1&dy=0&id=p48105641784&a=565042682