Chris Temple from The National Investor – Thu 10 May, 2018

Is Today A Reversal Day?

The simple answer to the question in the posting title is probably not. Chris Temple joins me to address the pullback in the USD below 93 (but it is climbing back as I am posting) and move higher in metals, and US equities. We also address the generally lower VIX.

Click download link to listen on this device: Download Show

Click here to visit Chris’s site for more valuable market and stock commentary.

Chris TempleCory Fleck
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  1. On May 10, 2018 at 9:24 am,
    spanky says:

    Pretty disappointing day for some of my small silver miners so far. Someone is selling AXU into every uptick so far. Many others are a little underwhelming. Admittedly, the ones that suffered the most over the last 2 years (AG and EXK) have been up much more than AXU since January, but they had a lot of catching up to do. It’s pretty clear the ones that held relatively steady are waiting for silver to show us the money.

  2. On May 10, 2018 at 12:44 pm,
    Matthew says:

    AG is nothing but good on the weekly chart…

    *I do not own it.

    • On May 10, 2018 at 2:31 pm,
      Silverdollar says:

      I don’t either but I think I”ll own some when they complete the trade for the Primero issues. Right?

      • On May 10, 2018 at 6:06 pm,
        Matthew says:

        Any exposure I have in the future will be through an ETF. It’s just too big for my taste.
        Speaking of ETFs, GDX looks very good here and just needs too deliver another strong day tomorrow…

      • On May 10, 2018 at 6:11 pm,
        Matthew says:

        I preferred the smaller silver miners in 2016 and I prefer them right now. Here’s Impact priced in First Majestic in 2016…

        • On May 10, 2018 at 6:12 pm,
          Matthew says:

          And here it is now…

          • On May 10, 2018 at 9:41 pm,
            Excelsior says:

            Good charts Matthew. Yes Impact has outperformed almost every mining stock since 2016, but I like a little money in First Majestic as a solid Large Mid-Tier, especially now with San Dimas, and bring on that big roaster of theirs to get more metals recovery out of tailings. They both will do well in a PM metals rally, and thus I have a higher allocation of my portfolio in IPT over AG.

          • On May 10, 2018 at 9:43 pm,
            Excelsior says:

            That was supposed to say Large Mid-tier or transitioning into a Major.

            With San Dimas they’ll have 7 producing mines, and the tailings project as an 8th.

            I’m graduating them up to a highly torqued Mid-Major 🙂

          • On May 10, 2018 at 10:02 pm,
            Matthew says:

            Yes, there’s nothing wrong with First Majestic but I’d still rather get my diversification with other juniors. IPT is far from the only one that smoked the bigger companies in 2016 and it will be no different this time.

          • On May 11, 2018 at 6:08 am,
            Excelsior says:

            No doubt. I currently hold 18 Silver stocks and the vast majority are Jrs.

            You are correct that companies like Excellong, Alexco, Silvercrest, and Brixton also did well in the 2016 upthrust. Here are a few charts looking back at that 2016 move:

            $AG First Majestic did well where it went from $2.40 low to a high of $19.15 for a ($16.75 – 698% gain)


          • On May 11, 2018 at 6:10 am,
            Excelsior says:

            $USAS Americas Silver had a low of $.48 to a high of $4.46 for a (829% gain)

            {these are the split adjusted figures but the % move was the exact same}


          • On May 11, 2018 at 6:11 am,
            Excelsior says:

            $REX Orex Minerals had a low of $.14 to a high of $1.38 for a (886% gain)


          • On May 11, 2018 at 6:12 am,
            OOTB Jerry says:

            THANKS FOR THE INFO GUYS>>>>>>>>

          • On May 11, 2018 at 6:12 am,
            Excelsior says:

            $EXN Excellon did even better from a low of $.25 to a high of $2.40 for a (860% gain)


          • On May 11, 2018 at 6:13 am,
            Excelsior says:

            $AXU Alexco did even better from a low of $.22 to a high of $2.54 for a (1055% gain)


          • On May 11, 2018 at 6:13 am,
            Excelsior says:

            $IPT Impact Silver did even better from a low of $.11 to a high of $1.28 for a (1064% gain)


          • On May 11, 2018 at 6:14 am,
            Excelsior says:

            $BBB Brixton Metals did even better from a low of $.06 to a high of $1.20 for a (1900% gain)


          • On May 11, 2018 at 6:14 am,
            Excelsior says:

            $SIL Silvercrest Metals did even better from a low of $.13 to a high of $3.25 for (2,400% gain)


          • On May 11, 2018 at 6:15 am,
            Excelsior says:

            Thanks OOTB. It makes me wonder what will happen if Silver goes up to $25 or $30

            (and I dare to even consider what might happen if Silver made it back to it’s all time high of $49 or higher)

          • On May 11, 2018 at 6:17 am,
            OOTB Jerry says:

            Big mover award goes to Silvercrest………2400%

          • On May 11, 2018 at 6:19 am,
            OOTB Jerry says:

            Silver will blow past $49 , the move is going to be HUGE……once it gets started…….

          • On May 11, 2018 at 6:25 am,
            Excelsior says:

            How anyone can look at those charts and conclude the miners have been a terrible place to be for the last 7 years is beyond reason.

            A number of us here on the KER were holding our noses and buying these very companies in late 2015 and early 2016. My only regret is having only gone in 40-60% at that time instead of all in. I’m more fully allocated around 90% at present and will add the last 10% into any summer doldrums weakness, and I hold all of those companies at present (and then some), execept Silvercrest, which have owned off and on since early 2016 and had just a few months back, but have temporarily rotated out of it.

            In addition, investors that cashed in on those gains destroyed 10years+ of most passive investors in the general markets, and were only eclipsed by some of the Lithium, Weed, and Crypto surges of the last few years. When I look at how much that impacted my trading account versus how my boring retirement account grew, there was no comparison. In addition I did catch a few different 8-15 baggers in the Lithium space, but didn’t capture most of the Weed/Cryptos.

            Lastly, there have been plenty of other rallies in the Gold & Silver Jr miners for those that actively traded the market, like the Q1 run of 2017, the Aug into Sept rally of 2017, and Q1 run of 2018, and we have another large run cued up for the 2nd half of this year…

          • On May 11, 2018 at 6:40 am,
            Matthew says:

            As mentioned recently, I’ve been a buyer of BBB lately. My average price is lower than the current bid/ask and it looks ready to move…

          • On May 11, 2018 at 6:45 am,
            OOTB Jerry says:

            I bet you a dime, you were in at a nickel ………

          • On May 11, 2018 at 6:46 am,
            Excelsior says:

            Yes, I was just adding more BBB yesterday myself.

            These drill results were very high grade albeit over more narrow intersections, but still very impressive:


            $BBB $BXTMF Brixton Metals Drills 1.98% Cobalt, 15,436 G/T Silver over 1M Within 7.87M of 2,787.26 G/T Silver, 0.27% Cobalt and intersected 70.65M of Nickel-Cobalt-Silver in Archean Basement
            May 9, 2018


          • On May 11, 2018 at 6:47 am,
            OOTB Jerry says:

            I never did the weed, or the cryptos……..

          • On May 11, 2018 at 8:10 am,
            Excelsior says:

            In the recent multi-month downtrend in fin-tech, blockchain, cryptos I’ve been adding to my positions in a few companies like:

            > Hive Blockchain and Hashchain Technology that are miners
            > Rockshield Capital a seed company for blockchain and cannabis startups
            > and recently Jackpot Digital now that they just did a reverse split (they are a blockchain gaming/gambling company that have applied to do some crypto mining as well). I had a small position before that tanked, but I just filled up the tank as they had several oversees casinos taking up their technology, and if/when they start mining there should be a big spike up in their shares.

            I also dabbled a bit with St Georges Eco Mining that has a strategic crypto investement as well getting ready for news to break.

            I may pick up a few more as speculative trading vehicles but that is all they are to me – speculative punts.

            Although, I could see the larger miners starting to make revenues over time (like the royalty model), and envision the seed companies having a few success stories out of the whole basket of companies they launch (like Pinetree when it actually did a good job).

          • On May 11, 2018 at 8:40 am,
            GH says:

            No worries, Jerry, cryptoweed will be where it’s at 😉

          • On May 11, 2018 at 9:17 am,
            OOTB Jerry says:

            Crypotlogic…….GH………… 🙂

          • On May 11, 2018 at 9:22 am,
            OOTB Jerry says:
          • On May 11, 2018 at 9:22 am,
            OOTB Jerry says:


          • On May 11, 2018 at 2:26 pm,
            Excelsior says:

            Crypotlogic – I love it!

    • On May 10, 2018 at 5:32 pm,
      Excelsior says:

      I do own it and like the action in AG lately, and San Dimas is going to be a game changer inside of First Majestic’s portfolio and will become their biggest mine.

      • On May 10, 2018 at 8:20 pm,
        Excelsior says:

        (WPM) Wheaton Precious Metals Announces Closing of New Precious Metals Purchase Agreement with (AG) First Majestic on the San Dimas Mine and Early Warning Report Filed

        First Majestic PMPA Terms:

        – “25% of gold production plus an additional amount of gold equal to 25% of silver production converted to gold at a fixed gold to silver exchange ratio of 70:1 from San Dimas, with provisions to adjust the gold to silver ratio if the average gold to silver ratio moves above or below 90:1 or 50:1, respectively, for a period of six months”

        – “For each ounce of gold delivered, Wheaton International will pay to First Majestic a production payment equal to the lesser of US$600/oz, subject to a 1% annual inflationary adjustment, and the prevailing market price”

  3. On May 10, 2018 at 1:05 pm,
    Matthew says:

    The Canadian dollar just had the 50 week MA cross above the 200 week MA. The last time that happened was over 8 years ago…

  4. On May 10, 2018 at 1:33 pm,
    spanky says:

    very solid close in AXU and the whole complex. Would it be asking for too much to see if silver can close over $17 tomorrow? Would be nice, but wouldn’t be surprised with anything tomorrow.

  5. On May 10, 2018 at 2:34 pm,
    OOTB Jerry says:

    Off Topic…………
    Stormy times ahead for Crooked Lawyer, …..and Mueller the leaker……..

  6. On May 10, 2018 at 5:21 pm,
    GH says:

    Gold miners charts look great, I added more to my JNUG position today.

    GDXJ daily:

  7. On May 10, 2018 at 5:35 pm,
    Excelsior says:

    The World’s Safest Source of Energy Will Surprise You

    4 hours ago on May 10, 2018 – Jeff Desjardins – The Visual Capitalist

    “It’s arguable that energy is the single most important driver of human progress – it’s a multi-trillion dollar industry that powers our daily lives, technological advancements, and even the economic development of entire countries. At the same time, our choices around energy can have significant consequences. How we decide to generate energy can decimate the environment, fuel political conflicts, and even cause human deaths as unwelcome side effects.”

    “The outcomes from our choices around energy are so vivid, that we’ve developed strong and polarized associations with the subject at hand.”

    **** “Based on the data, this comparison provides a perspective that will be surprising to many viewers. Despite its perceived dangers, nuclear is actually the safest type of energy.”

    • On May 10, 2018 at 5:38 pm,
      Excelsior says:

      Those stats about Nuclear being the safest form of energy have been out for years, and yet brain-dead environmentalists and fear mongers would have people believe it is far too risky or dangerous plugging Nat Gas, Solar, Wind, or Biomass that are far more dangerous and kill many more people (not to mention wildlife).

      It’s sad that most of the driveby news jockos that believe all kinds of disinformation and rubbish on Fukushima and scare tactics won’t take the time to look at real facts. As usual, people won’t let the truth and data get in the way of their narrative.

  8. On May 10, 2018 at 5:52 pm,
    Excelsior says:

    Nuclear for US grid resilience and climate
    10 May 2018

    “The US Nuclear Energy Institute (NEI) has called on the Federal Energy Regulatory Commission (FERC) to move quickly to define, foster and retain resiliency on the country’s electricity grid before further nuclear generating capacity is lost through premature plant retirements. Meanwhile, the independent, non-partisan Center for Climate and Energy Solutions (C2ES) has issued a new report outlining how US policymakers can preserve the emission benefits of nuclear energy.”

  9. On May 10, 2018 at 8:16 pm,
    GH says:

    Natural gas looks very enticing now too. I’ve been long for a bit over a week.

  10. On May 11, 2018 at 6:32 am,
    Matthew says:

    GDXJ has been climbing/testing fork support for the last 3 months and now looks ready to pull away from it…

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