Exclusive Insights on the Gold Market – Wed 14 Mar, 2018

Continued Muted Moves For The Metals

Brien Lundin joins me today to look at the metals markets and what could drive prices. It seems not just the gold bugs are waiting for a break in price to make the sector more enticing. Volumes remain low and even when we have news events that drive other markets the metals don’t move to any significance up or down.

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Comments:
  1. On March 14, 2018 at 9:37 am,
    Excelsior says:

    What Does A Strong Euro Mean For Gold Prices?

    By Arkadiusz Sieron via Sunshine Profits

    https://safehaven.com/article/45085/What-Does-A-Strong-Euro-Mean-For-Gold-Prices

    • On March 14, 2018 at 9:40 am,
      Excelsior says:

      Special Report – Is A Bullish Breakout On Gold Around The Corner?

      March 13, 2018

      https://kingworldnews.com/major-alert-special-report-just-released-is-a-bullish-breakout-on-gold-around-the-corner/

      • On March 14, 2018 at 9:42 am,
        Excelsior says:

        Gold’s just not moving

        Eddie van der Walt

        https://twitter.com/EdVanDerWalt/status/973495865322205184

        • On March 14, 2018 at 9:57 am,
          Silverdollar says:

          Thanks for posting this twitter acct. Amazed at the maturity/worthiness of the comments. Little trash talk and no politics! Refreshing.

          • On March 14, 2018 at 9:59 am,
            Excelsior says:

            Agreed and well said Silverdollar. He’s a contributor to a number of economic shows.

        • On March 14, 2018 at 10:42 am,
          Excelsior says:

          Record Low Volatility in Precious Metals and What it Means

          by @TheDailyGold (Jordan Roy-Bryne) on March 13, 2018

          https://ceo.ca/@thedailygold/record-low-volatility-in-precious-metals-and-what-it-means

      • On March 14, 2018 at 10:24 am,
        b says:

        Ex, you found a buy gold article at kwn? its gotta be back up the truck time.

        • On March 14, 2018 at 10:36 am,
          Excelsior says:

          Haha! Shocking right?

          Yeah, I thought about that before I posted it, but then liked a couple of points made and thought, people can make up their own minds what parts are valuable and what parts to toss out.

  2. On March 14, 2018 at 9:38 am,
    Excelsior says:

    Jayant Bhandari | Arbitrage Opportunities, Gold & Commodity Markets
    [PDAC 2018 Audio Interview]

    MiningStockEducation – Mar 12, 2018

    https://www.youtube.com/watch?v=76C7lHOvfgY

    • On March 14, 2018 at 9:53 am,
      Excelsior says:

      (RPM) (RPMGF) Rye Patch Gold: Ramping Up Commercial Gold Production & Reducing Debt Position

      ResourceCapitalAG – Mar 14, 2018

      Interview With President & CEO Bill Howald.

      https://www.youtube.com/watch?v=mpBfV_iPqmk

  3. On March 14, 2018 at 9:44 am,
    Excelsior says:

    PDAC Panel 2018: Gold vs. Bitcoin (Josh Crumb)

    Goldmoney – Mar 8, 2018

    Goldmoney Co-founder, Josh Crumb takes part in the Gold vs. Bitcoin Panel hosted at PDAC 2018. (including Rick Rule & Jeffery Christian)

    https://www.youtube.com/watch?v=mLf6jGXOdpU

    • On March 14, 2018 at 10:19 am,
      Excelsior says:

      Wow – Bitcoin down over 8% to $8,428

      Haven’t heard as much from the cryto fanatics lately, but there are many regulatory news blips out there. Much of the hot air has come out of that bubble, so looking to see where support will come in and if prices will stabilize around this area or if there is further to fall.

  4. On March 14, 2018 at 9:48 am,
    Excelsior says:

    (EXN) (EXLLF) Excellon Resources: Profitable Silver Production & Exploring Huge Upside Potential

    ResourceCapitalAG – Mar 14, 2018

    Excellon Resources: Interview With President & CEO Brendan Cahill

    https://www.youtube.com/watch?v=GTqZ9EXBQPE

    • On March 14, 2018 at 9:50 am,
      Excelsior says:

      (SIL) SilverCrest Metals: Huge Maiden Resource With Worlds Highest Silver Equivalent Released

      ResourceCapitalAG – Mar 14, 2018

      Interview With CEO Eric Fier.

      https://www.youtube.com/watch?v=ew40nM0AklI

      • On March 14, 2018 at 9:51 am,
        Excelsior says:

        (EXK) (EDR) Endeavour Silver: Ramping Up El Compas, Higher Production & Lower Costs In 2018

        ResourceCapitalAG – Mar 9, 2018

        Interview With President & CEO Bradford Cooke.

        https://www.youtube.com/watch?v=wmK8Kyb4AX0

        • On March 14, 2018 at 9:07 pm,
          Excelsior says:

          Is Silver Set to Take Off?

          Kitco NEWS – Mar 14, 2018

          “Silver is set to rally, but only in the medium to long-term, said Darren Blasutti, CEO of (USAS) (USA) Americas Silver Corp.”

          https://www.youtube.com/watch?v=fwKBspGJCVQ

          • On March 14, 2018 at 9:57 pm,
            Excelsior says:

            Gold & Silver Price Update – March 14, 2018 + Silver Approaches Breakout

            iGold Advisor – Mar 14, 2018 #TechnicalAnalysis #Video

            https://www.youtube.com/watch?v=Ev9xETfZb58

  5. On March 14, 2018 at 9:55 am,
    Excelsior says:

    US Uranium Producers Expand Opportunities
    14 March 2018

    ” (AEC) (ANLDF) Anfield Energy Inc has agreed to acquire the Charlie in-situ leach (ISL) uranium project in Wyoming from Cotter Corp, as part of a strategy to create a mine and mill production complex in the state. Meanwhile, (UUUU) (EFR) Energy Fuels Inc is pursuing opportunities to process new and additional alternate feed sources in order to allow the USA’s only operating conventional uranium mill to extend its current operating campaign.”

    http://www.world-nuclear-news.org/UF-US-uranium-producers-expand-opportunities-1403187.html

    • On March 14, 2018 at 9:55 am,
      Excelsior says:

      Killing The Bear: How Cameco Is Forcing Up Uranium Prices
      Palisade Research January 25, 2018

      https://palisade-research.com/low-uranium-prices-are-killing-the-bear/

      • On March 14, 2018 at 9:57 am,
        Excelsior says:

        Oi No. 3 reactor restarted after 4½ yrs

        March 14, 2018 – Jiji Press

        “Kansai Electric Power Co. restarted the No. 3 reactor at its Oi nuclear power station in Fukui Prefecture on Wednesday, about 4½ years after the reactor was halted for routine checkups.”

        “The Oi reactor was the sixth to go back online under new regulatory standards introduced in Japan following the March 2011 meltdowns at Tokyo Electric Power Company Holdings Inc.’s tsunami-stricken Fukushima No. 1 nuclear plant.”

        http://the-japan-news.com/news/article/0004303798

        • On March 14, 2018 at 10:00 am,
          Excelsior says:

          (UEC) Uranium Energy: “Supply Demand Gap Will Increase In 2018”

          ResourceCapitalAG – Mar 9, 2018

          Interview With Executive VP Scott Melbye

          https://www.youtube.com/watch?v=5b0H0iWRXk0

          • On March 14, 2018 at 10:01 am,
            Excelsior says:

            (UUUU) (EFR) Energy Fuels: Biggest Uranium Producer In The US

            ResourceCapitalAG – Mar 9, 2018

            Interview With VP Marketing & Corporate Development Curtis Moore.

            https://www.youtube.com/watch?v=4lkx737pnmo

          • On March 14, 2018 at 10:03 am,
            Excelsior says:

            (UUUU) (EFR) Energy Fuels: Currently working with the US Department of Commerce

            InvestingNews – Mar 8, 2018

            “Energy Fuels VP Marketing, Curtis Moore, talks about what they are currently working on with the US Department of Commerce and other near-term milestones to watch out for.”

            https://www.youtube.com/watch?v=r6tuzmnz9qE

    • On March 14, 2018 at 10:04 am,
      Excelsior says:
  6. On March 14, 2018 at 11:54 am,
    Excelsior says:

    Good thoughts from Eric Coffin on the Zinc market and Vendetta MIning:

    @HRA-Coffin – “That’s true but it’s important (I think anyway) for us to focus on value. Its hard, or seems to be hard, to get across just how unique a situation an open pittable -with big strip ratios, admittedly, but still – resource in this location that mostly lies on an already permitted mining lease really is.”

    ” I’ve said since day one that $VTT is the only situation I see with a realistic shot at producing metal during this lead/zinc cycle. Yeah, the zinc price has dropped back to $1.45, but Pegmont, in its current form, would make sense at $1.00 zinc and at $1.45 zinc and $1.15 lead it would make a TONNE of money. I think the companies in the area all think they are the only ones looking. I’ve had a couple of recent meetings with management and agree with them that once the next resource is out they need to open a data room and make sure all these surrounding companies know there is competition and that they won’t get to just sit back and wait for VTT to de-risk everything. If they don’t make a bid, someone else will.”

    — from #vtt, 2 minutes ago

    https://ceo.ca/vtt?ca498d20af49

  7. On March 14, 2018 at 2:55 pm,
    Matthew says:

    Wyoming Officially Ends ALL TAXATION Of Gold & Silver

    http://www.valuewalk.com/2018/03/wyoming-ends-gold-silver-tax/

    I bet the sorry MSM won’t cover this much.

  8. On March 14, 2018 at 4:05 pm,
    CFS says:
  9. On March 14, 2018 at 4:10 pm,
    RICHARD/DOC says:

    I see KWN is at it again with their eternal hopeful exuberance, If I’ve said it once, I’ve said it a thousand times: these PM markets aren’t ready to take off in the near future. All one has to do is understand TA and it’s pretty obvious–we’re in a waiting mode and will be in it for the foreseeable future. Will it happen? YES. Will it happen in the next few weeks. NO.

    • On March 14, 2018 at 7:25 pm,
      Excelsior says:

      Agreed Doc. I’m looking for opportunities to shuffle things around and add to positions during the Summer Doldrums. There were just a couple of interesting points in that KWN article so I figured it would be nice to post and let readers decide for themselves what to marinate on. Cheers!

      • On March 14, 2018 at 7:29 pm,
        Excelsior says:

        Having said that, I am prepared for a short-duration rally after the March rate hike by the Fed. A nice tradable rally, which should give the miners a little nudge higher.

  10. On March 14, 2018 at 11:29 pm,
    Excelsior says:

    My PDAC Adventures – Lots of Links to Share

    MiningBookGuy – Mar 14, 2018 #VIDEO

    https://www.youtube.com/watch?v=wN3g7esQXGA

  11. On March 15, 2018 at 12:53 am,
    Ozibatla says:

    Agreed as well Doc. The metals are going nowhere of significance to the upside in the near term.

    An ongoing bear market, an early bull market, call it what you will, the metals ARE muted! It is what it is – frustrating!

    • On March 15, 2018 at 7:52 am,
      Excelsior says:

      Check out the video posted above from IGold advisor where he discusses the big wedge forming on the Silver chart. It will keep whipsawing in a tighter range (boring investors to no end) but then all that pent up energy will ignite a large move breakout or breakdown. Based on the longer term charts, and the fact that we are ended the Bear market in Dec 2015, then the move should be to the upside.