Richard Postma - The Doctor Is In – Thu 29 Nov, 2018

Metals Stocks Will Bottom…

Doc joins me to outline when he thinks metals stocks will make a final bottom. While we will probably not see the lows from late 2015 the long term charts and major drivers for the metals are showing it may still be slow.

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  1. On November 29, 2018 at 5:07 pm,
    Excelsior says:

    Mining Sector in Mexico Next Target of “AMLO Effect,” Shares Plunge

    by Don Quijones • Nov 23, 2018

    “For a president who hasn’t taken office yet and whose government is still in waiting, Mexico’s Andres Manual Lopez Obrador (AMLO) has managed to ruffle a lot of very important feathers. First, he scrapped the country’s most lucrative infrastructure project, a partly built airport for the capital that was expected to generate billions of dollars for many of the country’s richest companies, banks and families. Then, two weeks ago, his National Regeneration Movement (MORENA) party proposed a bill that directly threatens one of the banks’ core businesses: fee gouging. Since then, billions of dollars have been wiped off the banks’ market value.”

    Now, the same party, which, together with its allies, holds majorities in both houses of Congress, has set its sights on the activities of the mining industry. On Tuesday Senator Angelica Garcia presented a bill that would make significant changes to Mexico’s mining laws, including a proposal that would allow the country’s Energy Secretary to declare certain parts of the country off-limits for mining companies due to their negative social or environmental impact.”

    • On November 29, 2018 at 5:16 pm,
      Excelsior says:

      Mexico: The new mining law and the changing scenario around mining

      (from IKN496) – 11/27/18

      • On November 29, 2018 at 5:19 pm,
        Excelsior says:

        33 days before investing AMLO, investors flee Mexico

        BLOOMBERG – October 30, 2018 – By Eric Martin

        “The honeymoon of Andrés Manuel López Obrador with the investors stopped in its tracks 33 days before he assumes the Mexican presidency.”

        “His decision to discard a US $ 13 billion airport project when he took office in December sent markets plummeting. The peso sank 3.5 percent to reach 20 per dollar, the stock market lost more than $ 17 billion in value and JPMorgan Chase & Co. cut its economic growth forecast for 2019, noting that it is likely that now The central bank has to raise interest rates to reduce capital flight.”

        “It’s not that investors would love the airport project, it was far from perfect; however, the problem is that demanding its completion – just a day after a chaotic referendum indicated that most Mexicans did not agree with the bill – sent a broader message to investors: existing contracts can be canceled in any moment. Today is the construction of the airport and tomorrow, perhaps, the oil contracts, and mining the next day. For a community of investors that was always suspicious of AMLO, as the leftist is known, it is a disconcerting message.”

        • On November 29, 2018 at 5:30 pm,
          Excelsior says:

          It’s a damn shame what is going on in Mexico at present, and that it is THE place to be regarding Silver mining on the planet. Most of the Silver producers are in Mexico, so this is going to be a situation we’ll have to watch unfold, but is like kicking them while they’re down.

          This is also good news for Silver companies that have diversified their risks outside of Mexico.

          (SVM) Silvercorp is the lowest cost Silver Producer, and one of the few making money, operating in China, so sometimes it pays to be diversified.

          (BHS) Bayhorse Silver is a small producer in the US operating in Oregon & Idaho.

          (USAS) Americas Silver is exposed to Mexico for sure, but they still have the large Galena complex in Idaho (where most of the Silver they’re sitting on for higher prices is located).

          (AXU) Alexco is a very advanced Silver developer in Canada with a completely built mill and processing center, that is about to make the announcement to go into production.

          (MMG) Metallic Minerals Group is the neighbor of Alexco at Keno Hill and have an exciting exploration program lined up for next year targeting similar high grade deposits.

          (DV) Dolly Varden is another great Silver Exploration/Development story headed up by KER friend Gary Cope.

          (HL) Hecla has some exposure to Mexico, but most of their mines and projects are in the US and Canada.

          (BBB) Brixton is exploring for Silver/Cobalt/Gold in Canada and US

          There are a few other smaller Exploration projects in the US and Canada that also may gain more traction as Mexico starts to wobble.

          Hi Yo Silver….. Away!

  2. On November 29, 2018 at 9:21 pm,
    Excelsior says:

    What Are the Odds?

    Gary Wagner – The Gold Forecast – Nov 29, 2018 #VIDEO #TechnicalAnalysis

  3. On November 30, 2018 at 7:03 am,
    Bonzo Barzini says:

    My EXK, AG, MUX, PAAS, (also GG, RGLD, and WPM) all have big positions in Mexico.
    How bad is the new leftist Amlo going to be? I wonder if he will be another Chavez, but I have not sold my mining shares yet. And how are you guys voting in the Detour Gold election next week? Thanks.