Craig Hemke from TF Metals Report – Fri 9 Nov, 2018

Comments On Treasuries, US Markets, and Metals

Craig Hemke joins me today to share his thoughts on the treasury markets, US markets and the metals. With the 10 year hitting resistance again around 3.25% and the US markets slowly recovering the Fed will get put in a tough position heading into next year. As for the metals everything seems to be going against them right now however they are maintaining this lower range. As we move towards the end of the year the metals need to resist breaking down.

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Featuring:
Craig HemkeCory Fleck

Comments:
  1. On November 9, 2018 at 7:24 pm,
    Ozibatla says:

    With golds 50 day ma sloping upwards, it wouldve been positive to witness a bounce off that line as we approached it. Now having fallen through it by some $5, I wonder the significance of this development? If we get follow through selling on Monday it could well be a bearish development that takes us back to Augusts lows. Also not being able to complete a weekly close above the 200 week ma over the last month will turn this area into solid resisitance next time we approach it, considering the recent price downtrend.

  2. On November 9, 2018 at 11:37 pm,
    Excelsior says:

    Another one bites the dust…… (R) (RDEMF) Red Eagle Mining

    Red Eagle was off to a brilliant start in Colombia until they ran into ground stability problems underground and had to pause their mining about a year ago. They had to raise money as investors were abandoning ship, to build out their paste & backfill plant to try and cement the walls as they dug deeper, and they went through a tough clay like mushy area that was hard to get through, until they got to a weak and crumbly section. Many blamed this on bad mine planning, economic studies, exploration and truly understanding their asset, and they weren’t wrong.

    Then to consolidate projects they acquired their discovery arm in Colombia Red Eagle Exploration at an odd time (when they didn’t really have the money or share structure to do so), and the market gave them 0 value for this, and it actually hurt them worse.

    What is odd is how sharp of a team that they had and honestly a pretty damn good mine, but they failed at mining it economically or efficiently, diluted down share holders to oblivion, had to relaunch mining operations in a falling metals price, did a botched acquisition, and now they have halted and crashed, and the biggest telltale sign…… their website was just taken down.

    While it is all too common for Jr miners to go belly up, this was a particularly sad story to watch play out.

    They were exciting new producers with an apparent bright future, that had delivered on all their timelines and milestones from explorer to developer to producer. They had impressed most of the industry.

    However, after launching into production they did a big ole’ belly flop.

    http://media.giphy.com/media/2AekYMzUTzfnq/giphy.gif

    RIP

    • On November 9, 2018 at 11:41 pm,
      Excelsior says:

      Red Eagle Mining Received Default Notice

      by @nasdaq on November 9, 2018

      https://ceo.ca/@nasdaq/red-eagle-mining-received-default-notice

      • On November 9, 2018 at 11:50 pm,
        Excelsior says:

        Lots of speculation on what will happen, but bottom line, they were crippled by debt in the end and didn’t get things restructured in time. A sad outcome to a company that had all the right ingredients 2 years ago, and shot across the bow for investors to stay vigilant and aware of companies delivering on their promises, strategy, and overcoming obstacles.

        Another black eye for Jr Mining, and a number of newsletter writers that pitched them in the past, and a sad day for bagholders. It’s unclear what will happen when it gets unhalted, but it looks like the music has stopped playing.

        https://media.giphy.com/media/vdgq3PzB13XLq/giphy.gif

  3. On November 10, 2018 at 1:06 am,
    Excelsior says:

    Top Copper miner’s output slump adds to worry on metal shortfall

    Reuters | about 14 hours ago

    http://www.mining.com/web/top-copper-miners-output-slump-adds-worry-metal-shortfall/

  4. On November 10, 2018 at 1:24 am,
    Excelsior says:

    Will Utter Destruction Continue For The Gold Majors?

    Nov 09, 2018 – Marin Katusa Chairman, Katusa Research

    “Gold miners have suffered of late, owing in part to poor capital allocation choices from management, said Marin Katusa, chairman of Katusa Research.
    “I’ve known David Garofalo [CEO of Goldcorp], and they announced today they’re doing a massive buyback of shares. They’ve had a horrible quarter…they’ve been such poor allocators of capital. And, if you’re a shareholder, are you investing in the company to reduce the number of shares, or would you rather have them grow and improve their margins?” Katusa told Kitco News on the sidelines of the Silver & Gold Summit in San Francisco, “Because, as an investor, I can place my own capital, I don’t need management to place the shareholders’ money.”

    Katusa said that “investors should focus on political risks, margins, and what their investment time frame is when making investment decisions in the mining sector.”

    https://www.kitco.com/news/video/#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3F

  5. On November 10, 2018 at 1:54 am,
    Ozibatla says:

    I was only reading this article this morning. Does make some sense when you see whats happening to the silver price.