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Gold Market in 2018 vs 2017

Cory
January 5, 2018

Craig Hemke, Editor at TFMetalsReport.com joins me today to look at the similarities and differences for gold in 2018 vs last year. We discuss the USD and inflation in terms of how they impact the gold market.

Click here to visit Craig’s site for more PM focused commentary.

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Discussion
90 Comments
    Jan 05, 2018 05:13 AM

    quotes from USAwatchdog…..
    The Trump Executive Order (EO) on “human rights or corruption” may get some use in 2018. Anonymous sources and Washington insiders think this EO will be used to mount a counter attack against the so-called Washington Swamp and the Deep State who are trying to kick President Trump out of office. The order allows the Treasury Department to block and take assets of anyone involved in human trafficking or corruption, and this means any corruption. In short, Trump is going to war against globalists who have been selling out and ripping off America for decades. Some Intel experts say this is one of the most pivotal times in American history.

      Jan 05, 2018 05:18 AM

      well gold was up for awhile……… 🙂

      Jan 05, 2018 05:50 AM

      Zuckerberg to Study Cryptocurrency in Quest to Decentralize Facebook

      Sujha Sundararajan – Jan 5, 2018

      https://www.coindesk.com/zuckerberg-to-study-cryptocurrency-in-quest-to-decentralize-facebook/

        Jan 05, 2018 05:53 AM

        zuckerberger and the cia cheese wiz kid……………

          Jan 05, 2018 05:55 AM

          zuckerberger, might be on the list of most dangerous person list….that trump just signed executive order for treasonous acts against usa…………just saying….. 🙂

            Jan 05, 2018 05:01 AM

            zuckerberg is like gates…….creeps from harvard, with sticky fingers……

            Jan 05, 2018 05:22 AM

            Just thought it was significant that Facebook wants to “decentralize” and is studying the cryptos. A sign of the times….

            Jan 05, 2018 05:37 AM

            Yes, that is interesting………..

            GH
            Jan 05, 2018 05:52 AM

            The Zuck’s desire to decentralize FB is likely about as sincere, and runs about as deep, as Walmart’s commitment to organic food.

            Jan 05, 2018 05:49 AM

            Haha. Good one GH !!

          CFS
          Jan 05, 2018 05:03 AM

          It seems to me that Facebook may look at cryptos, because the blockchain is a sneaky way, not only of raising more money, but also spreading computer energy costs.

            Jan 05, 2018 05:50 AM

            An interesting point to consider CFS.

      Jan 05, 2018 05:51 AM

      Ripple Slides After Coinbase Says Not Adding New Crypto Coins
      By Lily Katz – January 4, 2018

      https://www.bloomberg.com/news/articles/2018-01-04/ripple-slides-after-coinbase-says-not-adding-new-crypto-coins

        Jan 05, 2018 05:21 AM

        This is where we are.
        Posted January 5, 2018 by Joshua M Brown

        “The virtual currency boom has gotten so heated that it is throwing the list of the world’s richest people into disarray.”

        “Consider what has happened to the founders of an upstart virtual currency known as Ripple, which has seen its value skyrocket in recent weeks.”

        “At one point on Thursday, Chris Larsen, a Ripple co-founder who is also the largest holder of Ripple tokens, was worth more than $59 billion, according to figures from Forbes. That would have briefly vaulted Mr. Larsen ahead of Facebook chief executive Mark Zuckerberg into fifth place on the Forbes list of the world’s richest people.”

        http://thereformedbroker.com/2018/01/05/this-is-where-we-are/

      Jan 05, 2018 05:53 AM
    Jan 05, 2018 05:23 AM

    Just once, don’t you wish someone had a kill switch to reverse the futures dump on the metals that just happened At 9 this morning

      Jan 05, 2018 05:47 AM

      Ditto……..

        Jan 05, 2018 05:57 AM

        and remember……there is no manipulation………lol

      Jan 05, 2018 05:37 AM

      Maybe the justice department could look into the CFTC…and Crimex……

    Jan 05, 2018 05:23 AM

    (SGN) (SRCRF) Scorpio Gold Announces Results of Updated Feasibility Study for Mineral Ridge, Nevada
    Jan 04, 2018

    http://www.scorpiogold.com/s/news.asp?ReportID=811837

      Jan 05, 2018 05:40 AM

      ^ Scorpio Gold (SGN) ^

      Brian Lock, Interim CEO comments, “Further to our prior announcement of the October 2017 feasibility study, the Company has received the results from Mine Technical Services on the mineable, higher-grade mineralization in the existing pits at Mineral Ridge, which increase the available mineral resources to 348,200 oz in the measured and indicated category, for an initial total reserve of 272,200 oz in the proven and probable category. The positive updated feasibility study indicates average gold sales of 33,400 oz/yr over an operating period of 7.5 years, with a net present value (NPV) discounted at 5% (after-tax) of $35.1 million and an internal rate of return (IRR) of 30.0%. In addition, the Company believes future exploration at Mineral Ridge, if successful, may add to the known resources and potentially further extend the life-of-mine. Given the long operating history of Mineral Ridge by Scorpio Gold and predecessor companies, the existing infrastructure on site, and our management team’s experience at the Project, we are confident in successfully executing on this next phase of the mine.”

    Jan 05, 2018 05:28 AM

    New year, same stupid investor behavior (Aurania Resources)
    January 04, 2018 – Alpha Mining

    http://www.alphaminingblog.com/2018/01/new-year-same-stupid-investor-behavior.html

    Jan 05, 2018 05:53 AM

    The Canadian dollar is performing the way a precious metals bull should hope. It is now overbought but not critically so…

    http://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=0&mn=9&dy=0&id=p73407649255&a=551077111

    Jan 05, 2018 05:04 AM
    Jan 05, 2018 05:35 AM

    I’ve been adding to (EQX) (LWLCF) Equinox Gold – now run by Ross Beatty.

    This company now holds the assets from 6 different prior companies that were consolidated into one (Luna Gold, Lowell Copper, Gold Mountain Mining and Anthem United, Anfield Gold, and Newcastle Gold)

    ______________________________________________________________________

    For those that weren’t up to speed on JDL Gold prior to that merger, they were a result of 3 way merger at the end of last year:
    _______________________________________________________

    (1) Lowell Copper, Gold Mountain Mining and Anthem United Announce Completion of Business Combination to Create JDL Gold Corp.
    October 06, 2016

    (2) – “Sandstorm Gold Ltd. (SAND) (SSL) is pleased to announce that Luna Gold Corp. and JDL Gold Corp. have combined their businesses to create Trek Mining Inc. As part of the business combination.”
    April 5, 2017

    (3) $SAND $SSL Sandstorm Gold Announces Agreement to Sell US$18 Million in Securities of Trek Mining as Part of Announced Business Combination
    Oct. 25, 2017 /CNW/ –

    “Sandstorm Gold Ltd. (SAND) (SSL) has entered into an agreement to sell US$18.2 million in debt and equity securities of Trek Mining Inc. to Ross Beaty conditional upon the closing of the announced business combination between $TREK Trek Mining, $NCA NewCastle Gold Ltd. and $ANF Anfield Gold Corp. The combined entity intends to operate under the name Equinox Gold Corp. and will be led by #RossBeaty as Chairman and Christian Milau as CEO.”

    ___________________________________________________________________________

    It will be interesting to see if this time the company is ready to rock, after all this consolidation of assets and smaller companies combining into larger and larger conglomerates into a 6-fold behemoth.

    _____________________________________________________________________

    > NewCastle Gold and Anfield Gold Shareholders Approve Merger with Trek Mining to Create Equinox Gold
    by @nasdaq on December 19, 2017

    https://ceo.ca/@nasdaq/newcastle-gold-and-anfield-gold-shareholders-approve

      Jan 05, 2018 05:37 AM

      (EQX) (LWLCF) Equinox Gold – Corporate Presentation – Dec 2017

      http://www.equinoxgold.com/investors/presentations/

        Jan 05, 2018 05:46 AM

        Check out pg 7 of that corporate presentation at who the main shareholders of EQX are:

        – Ross Beatty
        – Lukas Lundin
        – David Lowell
        – Richard Warke
        – Frank Giustra
        – Marin Katusa
        – Catherine McLeod-Seltzer
        – Rick Rule
        – Doug Casey
        – Sandstorm Gold
        – Pacific Road

        *** I wonder if this new company will get any promotion (hahaha!) 😮

          Jan 05, 2018 05:48 AM

          Oh, No……Frank

          Jan 05, 2018 05:15 AM

          Again so many to choose from…I remember Rule plugging this already but said it would take time with having to consolidate but had as a buy ..think it was on bnn back in November?????……checked out the Pamplonatrader pick of sama and liked what I saw so got some of it

            Jan 05, 2018 05:40 AM

            Yes, I just figured on Equinox that Trek & Anfield & Newcastle had been crushed prior to the merger, and now everything was finished and merged at the end of December. Before Rick Rule, and Marin Katusa, and Doug Casey start promoting it hot and heavy, I thought it may be good to start positioning now. They got the final permit to put Luna Gold’s asset back into production, and the Newcastle Gold asset is just about ready to go into production. Their 3 Copper properties are quite prospective as well targeted by legendary Geologist and current stakeholder David Lowell. That is probably why Catherine McLeod-Seltzer (of Bear Creek Mining) is a key shareholder as well as she’s worked with David a number of projects.

            Also having Lukas Lundin and Frank Giustra involved will only up the visibility more once more analysts and funds realize just how many prior flagships are all rolled up into one mining company. Having Ross Beaty back at the helm and the fact that he renamed it to Equinox (after previous selling his old Equinox Gold to a Major in the prior cycle) shows Ross views this as Equinox 2.0. 🙂

            They may have been on BNN discussing it the end of last year, but most of the press releases were highlighted from Sandstorm Gold’s involvement. (since SAND originally had all the deals on Luna Gold before it ceased production to redesign it’s mine plan) and because I believe they did some funding exercise with Trek, during their combination of Luna Gold with JDL copper – (which JDL in itself was a 3 way company merger prior to that). Regardless having Sandstorm still involved as a stakeholder is just another plus.

            I think it will take a little while for the market to digest all of this, as Newcastle was impressive in their own right and had other development & exploration companies now in the mix. Anfield Gold was Ross’s previous effort, but the deposits weren’t big enough for his interest, so he divested the Anfield assets to raise the cash for this new company.

            This is one of the wildest mergers I’ve ever seen, but at the end of the day they have 2 mines ready to ramp up into production this year, and huge pipeline of Gold & Copper projects for expanding into a Mid-tier in 2019 and 2020.

            Jan 05, 2018 05:42 AM

            Yes, Pamps is very sharp stock-picker and I looked at Sama as well but every time he mentions a stock the whole ceo.ca crew jumps on board and now it has really risen in shareprice, so I’m waiting for a corrective move before considering it. Looks interesting though with Copper, Nickel, Cobalt, and PMs.

            Jan 05, 2018 05:51 AM

            Agree it’s your equinox assessment……with regards to sama their 43% stake in sgr(graphite play) is the near term catalyst that could start things. Plus fully funded for their drilling. Like I said. Too many to choose from. I even got in fortune below .30 and now it’s looking lively

            Jan 05, 2018 05:29 AM

            Yeah, I’ve been looking at Fortune for a while now, but still am in Vendetta, Tinka, Heron, and Callinex for Zinc. For Copper, there really are too many to choose from (lol).

        Jan 05, 2018 05:05 AM

        Any thoughts on evrim between it and tinka they seem to be the plays Cook talks about the most

          Jan 05, 2018 05:35 AM

          I’ve been a fan of Tinka for a while, even before the Cook / Mazumdar dynamic duo got on the trail. They are a takeover waiting to happen with a great Peruvian Zinc, Tin, and Silver resource. Their 2016 and 2017 exploration work was very solid, and they’ll likely grow the resource enough in 2018 to attract a major or large Mid-tier to acquire them. I believe we are getting nearer to the time where it could run in anticipation of getting swooped up.

            Jan 05, 2018 05:36 AM

            I don’t have any thoughts on evrim, other than it they use a prospect generator model and Brent/Joe like that model for derisking exploration work.

            Jan 05, 2018 05:31 PM

            Yup. Got my share of tinka. Really like it. Found the potential $50M that Antofagasta plc is willing to commit to evrim intriguing……re: fortune. We may be talking different ones. I’m talking cobalt play in Yukon. Have a good weekend

            Jan 05, 2018 05:12 PM

            Yeah I meant Foran. (lol). I have a close watch list of Base Metals and Energy Metals and they are right next to each other Fortune & Foran. Fortune has Gold/Cobalt/Copper. Foran has Zinc/Copper. I always mix them up in my mind.

            Jan 05, 2018 05:14 PM

            I don’t own either Fortune or Foran right now, but have considered them since last year. I’m just overly stocked on stocks and need to wait to do any more reshuffling.

      Jan 05, 2018 05:13 PM

      Trilogy Metals (TMQ) Given a C$1.73 Price Target by Fundamental Research Analysts

      by Stan Pace on Jan 1st, 2018

      https://stocknewstimes.com/2018/01/01/trilogy-metals-tmq-given-a-c1-73-price-target-by-fundamental-research-analysts.html

    Jan 05, 2018 05:40 AM
    Jan 05, 2018 05:03 AM
    CFS
    Jan 05, 2018 05:11 AM
    Tom
    Jan 05, 2018 05:40 AM

    Long LACDF. Great looking chart folks!

      Jan 05, 2018 05:51 AM

      I’ve been a big fan of Lithium Americas for year (since back when they were Western Lithium). I made killer returns on it in 2016 & 2017 but temporarily have sold out of it to rotate some lithium gains into other sectors. They definitely have a solid partner in SQM.

        Jan 05, 2018 05:09 PM

        Quite a move in Lithium Americas the last 2 days. Impressive.

          Tom
          Jan 05, 2018 05:46 PM

          Thanks. Yeah I like them and PEMIF. I think LACDF will go to $12.50ish before any major downturn. It is nice they got approved to be listed on NYSE!

            Jan 05, 2018 05:53 PM

            Wow. $12.50 as a target would be a nice continuation of this rally. Yes, the NYSE will bring more eyeballs to their story in the US for sure.

            Maybe I was a dummy to sell, but I’d made great returns and wanted to capitalize on some of the Uranium miners while they were down in Nov/Dec that may really start to move.

            Wishing you all the best on the trade. Ever Upward!

    Jan 05, 2018 05:01 PM

    just came across an article on cobalt that could affect cobalt stocks in the future! what do you think??? http://www.mining.com/cobalt-price-bulls-worst-fears-may-just-confirmed/

      Jan 05, 2018 05:12 PM

      dw jones – yeah, I saw that and posted it yesterday somewhere, but those concerns on the new batteries are still years away and new innovations always take longer to implement, fabricate, and deliver into a new manufacturing model than most projections account for. In the next 1-4 years manufacturers still need to secure Cobalt that is outside of the conflict-ridden DRC. That spells opportunity for the Canadian and Aussie companies that can come to market with a solution over the next year or two.

      Cheers!

        Jan 05, 2018 05:37 PM

        If cobalt becomes too expensive the market will find an alternative, quickly! DT

          Jan 05, 2018 05:07 PM

          It could easily trade in a range that is slightly higher to slightly lower, and it is plenty to incentivize companies to develop medium-sized deposits and sign off-take agreements with battery companies or Auto companies.

            Jan 05, 2018 05:08 PM

            I wouldn’t want to see Cobalt get too much more expensive, but the miners are where the action will be.

    Jan 05, 2018 05:31 PM

    (ORX) has been on an absolute tear the last few trading sessions. Already off to a good start in 2018.

    Orefinders Resources Inc. (ORX.V)

      Jan 05, 2018 05:19 PM

      The selling has stopped in Anaconda, they have run out of the nervous nellies and the doubters, it is not even a case of buy the rumor, but it is a case of being a great investment. Always DYODD, DT!

        Jan 05, 2018 05:18 PM

        DT you crack me up. There wasn’t any selling in Anaconda, and hardly anyone is even invested in it yet, so there really aren’t any nervous nellies or doubters. They’ve been delivering solid production and exploration results, so the data backs up why this stock will be much higher. What’s to doubt?

        ** (ANX) has been trading sideways in the $.09 – $.10 range, consolidating it’s recent uptrend near the highs since Dec 27th.

        Today it closed up 5% to $.105 🙂

        * Just wait to Bob M’s next write up where more eyeballs start looking at their assets and potential. I could see this stock getting up into the $.30-$.40 range this year, and over $1 next year once they flush out the high-grade model at Goldboro that could be barged to their Point Rousse Mill. Their 3rd asset Viking (2 deposits), can also be barged over to the Point Rousse Mill.

        This company is going to transform itself into a larger producer over the next 2 years.

          Jan 05, 2018 05:42 PM

          EX, you have so many irons on the go that you haven’t been paying attention. Tax loss ended over a week ago but many sellers kept Anaconda range bound until today. Your guess of 30-40 cents over a year is not well considered in my mind. I may have cracked you up, but we will see if you are right, I don’t think so. DT

            Jan 05, 2018 05:01 PM

            “Whats to doubt”‘ 30-40 cents would not interest me in the least, at that valuation from where we are today does not leave enough meat on the bone, I would not tie my money up for a year if I thought that was all I would get. DT

            Jan 05, 2018 05:58 PM

            Am I reading you right DT…..you wouldn’t “tie up” your money for a year for a tripling or quadrupling of your money???

            Jan 05, 2018 05:08 PM

            Wolfster, that’s right I am a trader and I think in this market there are many ways to make money, precious metals are one way. I have done very well in blockchain and pot stocks. What I really enjoy is when stocks like NDM get pumped by Casey and the boys, and I can trade in and out. I do not like crypto currencies, that is a total fear of the unknown. DT

            b
            Jan 06, 2018 06:03 AM

            I wouldnt tie my cash up for a 1-200% gain in a year either.
            I figure I need much higher returns than that to justify playing in the markets.

            exclude all the hacking, freezing of accounts etc the next crash should be bigger than any we have seen before, that means we are going to find a new meaning for everything goes out with the bathwater.

            I figure there are big risks around so I want big returns.

            Jan 06, 2018 06:42 AM

            I said I could see ANX getting up in the $.30-$.40 range this year, and over $1 next year.

            > It’s at $.10 now.

            That makes it a 300-400% gain if those targets are achieved in 2018, or 1000% gains in 2 year. If a 3-4 bagger in 1 year or a 10 bagger in 2 years isn’t worth your precious time as an investor, then maybe you shouldn’t be managing your own money.

            I can’t imagine sitting down with a financial adviser or most pro-traders on wallstreet and telling them, Sorry 300-400% gains in a year are too low for me. What bullshit.

            Sorry, a 1000% gain in 2 years isn’t worth my time. Really? That is utter nonsense.

            Jan 06, 2018 06:51 AM

            Your math is utter nonsense Ex, if you buy a stock for ten cents and you sell for thirty cents that is a 200% profit, at 40 cents that is a 300% profit. Who are you to say where a stock will go, you badly misjudged Novo Resources, so don’t figure you have gotten this stock right as well. Like I said we will see how close you come in one year until then it’s all just speculation. Your not infallible although you might think otherwise. DT

            Jan 06, 2018 06:47 PM

            DT – I never said anything about knowing exactly where the stock will go, or that I was infallible, so calm down. I’ve never claimed to always be right, and that was mentioned in the post above, so don’t go putting words in my mouth.

            All I did was share my thoughts. I was openly transparent about my miscalculation on Novo Resources, so I don’t need you to point out mistake like it is some new revelation. Any investor that regularly trades the markets but claims to make no mistakes is a liar. I make mistakes all the time, but I’m correct about 60-70% of the time, and that is all it takes to be successful as a trader.

            For the record, I was buying Novo Resources way before most investors even heard of it thanks to Jay Taylor and Bob M. I was invested before they were a sponsor on the KER or before John Kaiser or all the other newsletter writers jumped on the bandwagon, and I made a double on one part and about 160% gain on the other portion. You may scoff at a gain like that but I know a lot of Novo investors that lost money this year by going in at the short-term top. At least I made a profit in it, where most just blow smoke out their rumps and don’t even have a position.

            If you didn’t make 100-160% gains in Novo then you shouldn’t say a damn thing about me selling a bit too early. Capiche?

            All I said is my expectation was for ANX to trade up to $.30-$.40 this year and over $1 by next year. My reasoning is that they have not connected the dots yet on the high grade sections of Goldboro, but they are going to have a new resource estimate out this year.

            I believe this milestone and a rising gold prices can raise the stock price 300% to 400% to $.30 or $.40 on that news. It is a 300%-400% move in the stock, but you are correct that is only a 200%-300% profit. Regardless, I stand by my comment that any investor that is not impressed in a reasonable risk reward scenario like that on a miner, shouldn’t be investing in miners. Those are great returns, and again, holding for 2 years for 1000% gain in the stock price (or a 900% gain) is well worth a 2 year wait. There are incredibly few investment vehicles on Planet Earth that offer that kind of a return in 2 years, so when I read a few people saying that is not worth their precious time as an investor, then I have call it bull$hit.

            Anaconda is exactly the kind of company, at the right valuation, with a clear path of tracjectory with the PEA, then connecting the high-grade zones in an update to mine & barge over to Point Rousse in 2019 (which will be the REAL catalyst to get them to $1 and it will take until next year for that to all play out). They also may make some great exploration hits near Point Rousse or at Viking this year but they won’t be immediately able to be mined for at least a year more likely 2.

            The only thing that would push this stock higher than $.40 this year, would be if investors all grasped the larger potential for Goldboro, and a real mania started; but that is not likely.

            Jan 06, 2018 06:56 PM

            To be clear, if the ANX even made it to $.30 I’d be thrilled as I was in this stock in the summer of last year, at an average cost basis of $.0615. For me it is already nicely in the money, so at $.30 to $.40 it would be a nice trade indeed and totally worth my time.

            I’ll likely sell 1/3 to 1/2 on the way up just in case they run into one of the million challenges that mining companies do, and let the rest of the core position ride. At $1 I’d be thrilled. If it goes even higher, then great.

      Jan 05, 2018 05:21 PM

      By the way, I feel the same way about (ORX) Orefinders [mentioned above]as another small cap Jr Gold company that will keep surprising investors to the upside in 2018.

    Jan 05, 2018 05:43 PM

    People following the PilbaraSisters companies around the Novo Resources Pilbara gold rush, that have considered Kairos Minerals would be well served to review this post, and click on the map. Look at the black areas to see (KAI.AX)’s holdings relative to the line marking the Fortescue Group.

    (hat tip to Markedtofuture for highlighting this on ceo earlier)

    https://hotcopper.com.au/threads/kai-chart.3867698/#post-30052079