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.
Click download link to listen on this device: Download Show
Special Report – Is A Bullish Breakout On Gold Around The Corner?
March 13, 2018
Gold’s just not moving
Eddie van der Walt
Thanks for posting this twitter acct. Amazed at the maturity/worthiness of the comments. Little trash talk and no politics! Refreshing.
Agreed and well said Silverdollar. He’s a contributor to a number of economic shows.
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
Ex, you found a buy gold article at kwn? its gotta be back up the truck time.
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.
Jayant Bhandari | Arbitrage Opportunities, Gold & Commodity Markets
[PDAC 2018 Audio Interview]
MiningStockEducation – Mar 12, 2018
(RPM) (RPMGF) Rye Patch Gold: Ramping Up Commercial Gold Production & Reducing Debt Position
ResourceCapitalAG – Mar 14, 2018
Interview With President & CEO Bill Howald.
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)
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.
Billionaire Alan Howard Makes a Bet on Cryptocurrencies
March 14, 2018 – Alastair Marsh & Nishant Kumar
Ex:
Wake me when it’s down 90%.
Will do. It’s down around 60% off the highs of last year, so another 30% is well within the realm of reason.
* Don’t get too comfy as it may just be a short nap 🙂
Bitcoin would need to go to $2,000 for a 90% retracement.
Crypto Capitulation Could Be Fast Approaching
by @Goldfinger on March 15, 2018
https://ceo.ca/@goldfinger/crypto-capitulation-could-be-fast-approaching
Bitcoin Heading for a Tumble
Chart lines, price history indicate the slide won’t stop
By Todd White and Eddie Van Der Walt
(EXN) (EXLLF) Excellon Resources: Profitable Silver Production & Exploring Huge Upside Potential
ResourceCapitalAG – Mar 14, 2018
Excellon Resources: Interview With President & CEO Brendan Cahill
(SIL) SilverCrest Metals: Huge Maiden Resource With Worlds Highest Silver Equivalent Released
ResourceCapitalAG – Mar 14, 2018
Interview With CEO Eric Fier.
(EXK) (EDR) Endeavour Silver: Ramping Up El Compas, Higher Production & Lower Costs In 2018
ResourceCapitalAG – Mar 9, 2018
Interview With President & CEO Bradford Cooke.
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.”
Gold & Silver Price Update – March 14, 2018 + Silver Approaches Breakout
iGold Advisor – Mar 14, 2018 #TechnicalAnalysis #Video
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
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/
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.”
(UEC) Uranium Energy: “Supply Demand Gap Will Increase In 2018”
ResourceCapitalAG – Mar 9, 2018
Interview With Executive VP Scott Melbye
(UUUU) (EFR) Energy Fuels: Biggest Uranium Producer In The US
ResourceCapitalAG – Mar 9, 2018
Interview With VP Marketing & Corporate Development Curtis Moore.
(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.”
Five reasons nuclear energy will rebound in 2018
07 March 2018
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
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.
Ira’s metals
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.
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!
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.
My PDAC Adventures – Lots of Links to Share
MiningBookGuy – Mar 14, 2018 #VIDEO
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!
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.
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