Sean Brodrick – Wed 10 Oct, 2018

The Opportunities In Copper

Sean Brodrick, Natural Resource Analyst at Weiss Ratings joins me today to share his thoughts on the copper market. We look at how China is continuing to play a large roll on the demand side. Also the fact that there are not many companies left in the copper space mean you need to be even more selective when investing.

Click download link to listen on this device: Download Show

Click here to visit the Weiss Ratings website.

Sean BrodrickCory Fleck
View related posts on: ,

  1. On October 10, 2018 at 10:17 am,
    Excelsior says:

    (KNT) (KNTNF)K92 Announces Further High-Grade Kora Drill Results From Kora Northern Extension
    by @nasdaq on October 9, 2018

    > Drill Hole KMDD0102 records multiple intersections including 9.85 m at 9.12 g/t Au, 8 g/t Ag and 1.03% Cu (10.8 g/t AuEq) plus 2.20 m at 31.89 g/t Au, 97 g/t Ag and 0.05% Cu (33.18 g/t AuEq) plus 3.36 m at 11.37 g/t Au, 85 g/t Ag and 2.72% Cu (16.61 g/t AuEq)

    > Drill Hole KMDD0100 records multiple intersections including 4.10 m at 8.41 g/t Au, 7 g/t Ag and 0.65% Cu (9.49 g/t AuEq) plus 6.84 m at 6.91 g/t Au, 6 g/t Ag and 0.16% Cu (7.24 g/t AuEq)

    > Drill Hole KMDD0101 records 8.58 m at 7.23 g/t Au, 13 g/t Ag and 1.22% Cu (9.27 g/t AuEq) plus 8.25 m at 5.91 g/t Au, 7 g/t Ag and 0.49% Cu (6.76 g/t AuEq)

    • On October 10, 2018 at 10:19 am,
      Excelsior says:

      Personally, I prefer smaller and profitable Gold producers with nice Copper credits over the large behemoth Copper projects that take billions to get funded and years to get build, while being protested by locals.

      Same thing with the Silver (Americas Silver, Avino) or Zinc projects (like Heron or Constantine ) that have nice Copper credits. Those still benefit from the Copper price increases or demand, but their polymetallic nature gives them diversification of assets.

      • On October 10, 2018 at 10:58 am,
        Dick Tracy says:

        Ex, I watched GTT when the results first came out this morning but I prefer higher grades, they certainly have a big porphory. In the past I would have jumped but this time I didn’t see it getting away so fast. DT

        • On October 10, 2018 at 10:33 pm,
          Excelsior says:

          Hey DT. Yes, I saw the move in GTT the last 2 days and many got very animated by the results. GT Gold had quite a move last year that ended up being a return trip, so seeing further exploration hits is good for showing the can keep hitting and expand the resources some. This sector needs a few good discovery stories.

      • On October 10, 2018 at 5:40 pm,
        Charles says:

        Hi Ex –

        Have you bought any Avino after the recent drop due to the secondary offering they did?

        • On October 10, 2018 at 10:39 pm,
          Excelsior says:

          Yes, I read all the grumbling & conspiracy theories about how some insiders or pals of the company may have sold above $.84 and got the secondary offering for $.20 less than where they sold, and bought those shares back as part of a sweetheart financing. Investors (like usual) over-reacted and sold off the stock hard, so I bought some more (ASM) Avino on Monday to average down my position.

          I went on a shopping spree all week and exercised 9 trades today, mostly adding to my positions, but I blew out a few profitable trades and bought a few new positions as well.

  2. On October 11, 2018 at 5:31 am,
    Charles says:

    Thanks Ex. Good to know.

    • On October 11, 2018 at 10:28 am,
      Excelsior says:

      Most of the Silver and Gold stocks I’m watching are surging bigly today, some even up double digits.


  3. On October 11, 2018 at 8:23 am,
    Silverdollar says:

    Appreciated much the statement by Sean that he thought the August low was the bottom in gold. It’s looking more and more like he is right. I believe the guts to make a call when most others are still looking for another low separates the winners from the losers. JMO

    • On October 11, 2018 at 9:08 am,
      Excelsior says:

      The August low has held, and we stated that Gold would rally from Mid-August into September, and possibly have a larger move if it can break above resistance.

      The move up was much more muted than expected and it just channeled sideways whipsawing back an forth, but actually could be starting to really break out here. We need to see more evidence first and some higher weekly closes, and ideally a higher monthly close, but the set up does look constructive for PMs to finally bounce for a few weeks and squeeze a few shorts out of their positions.

      • On October 11, 2018 at 9:09 am,
        Excelsior says:

        Goldfinger had a good GLD chart out earlier showing that there is a good probabilistic setup for a breakout higher.


        @Goldfinger – “$GLD trying to break out here: Daily RSI confirming, pointing higher.”

        • On October 11, 2018 at 10:16 am,
          Excelsior says:

          Gold Miners Lift-Off
          by: @Goldfinger – October 11, 2018

          “I’ve been on the long gold miners (via GDX) theme for about a month now, you can see some of my thoughts in posts here and here. In the last 24 hours the gold miners have erupted from a powerful head & shoulders bottom pattern on the daily chart and broken out above resistance near $19.11:”

          “The way this breakout came about, via a sideways consolidation over several weeks, appears to have given it considerable potential energy judging by the surge in the FORCE Index (at bottom). While one could now argue that GDX is ‘overbought’ on shorter time frames, this is exactly what we want to see to confirm a powerful trend change on longer time frames.”