Chris Vermeulen - The Technical Traders – Wed 9 Jan, 2019

The Bounce In The Market IS Nearing The End

Chris Vermeulen, Founder of The Technical Traders shares his thoughts on the US market bounce since Christmas. He thinks that very soon the markets could rollover and be testing the recent lows. This action would cause more fear to creep into the markets which is why Chris thinks the safer assets are still the place to be.

Click here to visit The Technical Traders website for more information on Chris’s service.

View related posts on: ,

  1. On January 9, 2019 at 7:19 am,
    snowbird says:

    Remember the movie Ground Hogs Day?
    Got Palladium?

  2. On January 9, 2019 at 7:42 am,
    Dick Tracy says:

    I see resistance for NGD at $1.60 CDN.

    • On January 9, 2019 at 8:12 am,
      Matthew says:

      It is overbought on the daily chart but the weekly looks great so it could stretch this move significantly if gold shoots higher before pulling back…

      I do not own NGD.

      • On January 9, 2019 at 8:18 am,
        Bonzo Barzini says:

        Pierre Lassonde, Doc, and I own a ton of NGD and are waiting for Blackwater to be built and gold at 3K. That should take NGD to 20 or 30.
        Matthew, what do you think of PM’s chart? Thanks.
        This is the birthday of Bart Starr and R.M. Nixon.

        • On January 9, 2019 at 8:33 am,
          Matthew says:

          Bonzo, I would not be in any hurry to make a long term purchase…

          • On January 9, 2019 at 8:38 am,
            Matthew says:

            It looks due for a little short term relief but I’d pass…

          • On January 9, 2019 at 9:26 am,
            Bonzo Barzini says:

            Thanks for the charts, Matthew.

    • On January 9, 2019 at 8:20 am,
      Matthew says:

      It can hit $2 sooner than most expect…

      • On January 9, 2019 at 11:25 am,
        charles says:

        Hi Matthew – Can you provide a chart of TLT? It looks like it is due for a short term correction, but then up maybe when the gold stocks put in an intermediate term top? Also, do you like any bond funds better than TLT? Thanks in advance.

        • On January 9, 2019 at 11:47 am,
          Matthew says:

          Hi charles, I think TLT is a fine and liquid fund that has room to move higher on the weekly chart.

          • On January 9, 2019 at 11:47 am,
            Matthew says:

            BUT, I prefer gold and do not own TLT.
            TLT:GLD daily:

          • On January 9, 2019 at 11:50 am,
            Matthew says:

            Short term, TLT is a crystal clear sell:

          • On January 9, 2019 at 11:58 am,
            Matthew says:

            TLT peaked versus gold three years ago and will dramatically underperform it in the months and years ahead.

          • On January 9, 2019 at 12:19 pm,
            Bonzo Barzini says:

            Why buy TLT when you can buy silver?

          • On January 9, 2019 at 12:55 pm,
            Charles says:

            Thanks Matthew. I agree with your assessment. I just wondered if it made more sense to use TLT for my excess cash reserve when raising cash/liquidity from security sales.

          • On January 9, 2019 at 12:59 pm,
            Matthew says:

            1. Liquidity
            2. Volatility
            3. Public schooling 😉

          • On January 9, 2019 at 1:01 pm,
            Matthew says:

            Charles, that ultimately depends on your plans for that cash.

          • On January 9, 2019 at 2:55 pm,
            Charles says:

            No immediate need, but understood none the less. Thanks.

  3. On January 9, 2019 at 8:03 am,
    snowbird says:

    D.T . Full disclosure,I own Physical Palladium. Seeing that NGD isn’t one of the sponsors in full disclosure do you own it ?

  4. On January 9, 2019 at 8:12 am,
    Wolfster says:

    Hey Ex did you enter that ceo stock pickers contest for this year. Maybe I will listen to myself better this year. Finished top 10 in one category and 12th in another……and yes I’m tooting my own horn. That’s what people with the last name Horn do all the time. 😎

    • On January 9, 2019 at 8:16 am,
      snowbird says:

      Here’s your trophy.

    • On January 9, 2019 at 8:25 am,
      Matthew says:

      No, here’s your trophy and silver metal 🏆🥈😉

      • On January 9, 2019 at 8:33 am,
        snowbird says:

        I’ll take it. Thanks Mathew

        • On January 9, 2019 at 8:35 am,
          snowbird says:

          Next time make it Palladium.

      • On January 9, 2019 at 9:34 am,
        Wolfster says:

        Only a silver medal??????….could it at least be gold plated????
        ….and realize the key point…..I didn’t do as well in the portfolio. That was a copper medal at best. 😟

        • On January 9, 2019 at 10:18 am,
          Excelsior says:

          I’ll raise you to the Gold Plated metal 😉

        • On January 9, 2019 at 11:14 am,
          Matthew says:

          Ok, fine, here you go🥇🥂

        • On January 9, 2019 at 8:05 pm,
          Excelsior says:

          Exports from world’s second-largest Copper mine to drop 85%

          Cecilia Jamasmie | about 17 hours ago

    • On January 9, 2019 at 10:16 am,
      Excelsior says:

      Hi Wolfster – Job well done sir. Yes I saw you listed in the top of the heap in a year where most of the 450 contestants didn’t fare well on their picks from Jan to Dec 2018.

      Yes, entered the stock picking contest for 2019 with: $JAG $NEE $MMG

      We’ll see how it goes….. 🙂

      • On January 9, 2019 at 10:55 am,
        Wolfster says:

        Going all metals again I see. 🤔………I’m looking at pots and bio for next year. $trst $oh $imv…..looking to go into copper towards year end roughly and slowly acquiring royalty plays throughout the year with profits from pots. 🤞🤞🤞…thinking abitibi has got to be the one this year as they start collecting royalties

        • On January 9, 2019 at 11:05 am,
          Excelsior says:

          Yes I went with two gold and one Silver company for this year, because I believe they’ll have nice leverage to the rising metal prices later in the year.

          I hold about 63 stocks in my portfolio right now so I’ve got a mixed bag of zinc, copper, PGMs, Uranium stocks, some pots, and a few beat up crypto miners.

          That is just my trading account though, because I believe in trading what you understand. I have a well-balanced retirement fun with a number of mutual funds mostly us, some Asian, and a few Emerging Market funds.

          • On January 9, 2019 at 11:08 am,
            Excelsior says:

            My goal as the year progresses is to reduce down the count of companies to around 36 and get more concentrated, but right now I’ve got a wide breadth to manage the riskier markets.

          • On January 9, 2019 at 11:15 am,
            Wolfster says:

            As I’ve become more confident in my own trading I’ve gone fully into individual stocks….thinking people are underestimating M&A in pot sector this year as US eventually becomes fully legal….hoping timing is great for big pot profits to become base metal plays as we head into late 2019 early 2020. Think there is potential for super bull run in base metals for 2020’s

          • On January 9, 2019 at 12:57 pm,
            Excelsior says:

            Wolfster – Your strategy makes sense to me on the pot takeover opportunities. I’ve got a big list of them, but don’t have them segmented between US & Canada at this time. I’m sure in particular that some of the companies doing chocolates, cookies, beverages, sprays and balms may get gobbled up and consolidated, as will some of the growers.

            Regarding the base metals companies, I believe you’re spot on regarding 2020 as the copper and zinc pinches will only get more extreme, and I still believe we’ll see a resurgence in specialty metals like beryllium, niobium, scandium, tungsten, and the Rare Earths as the pressure to diversify outside of China increases.

            The market that could really finally get going later this year and next is the Uranium market as the longer term supply contracts have been ending and most are set to end by then, so when combined with the cuts from Kazakhstan, Cameco, and Palladin and the increasing interest in both the very large reactors in Asia and the Middle East, and the smaller modular reactors in the west, then it makes for a compelling set up in the energy space.

            Lastly, speaking of energy I expect a rebound in the Jr Lithium producers and developers this year (companies like Galaxy, Pilbara, Orocobre, Lithium Americas, Altura, etc…) It won’t be as exaggerated as the move from late 2015 – 2017, but they’ve pulled back a great deal and many of the more established companies are still making good progress.

            I’m not as bullish on Cobalt as I was in 2017 but feel any projects in Canada or Australia that can put out a solid economic study and quantify their resource better could be a play.

            Cheers and as always good luck in your trading and may you have a prosperous 2019.

          • On January 9, 2019 at 1:14 pm,
            Excelsior says:

            One funny aside on the pot stocks and stock picking contests, I won $500 on the Stock Pools Cannabis Stock picking contest last year. There were a few others they hosted where I came close.

            I need to check back in with Stockpools to see if they are doing any more contests this year with a cash payout. If there are any more pot stock contests I may PM you over at to pick your brain a bit on some of them.


          • On January 9, 2019 at 2:42 pm,
            GH says:

            I got into the pot stocks in the spring. They went up nicely. Then came down. I got out where I got in, no hangover. 🙂

            I see some have run nicely since Christmas…maybe Santa’s elves are lending a hand now their work is done.


          • On January 9, 2019 at 4:00 pm,
            Excelsior says:

            Agreed GH. It was a mixed bag last year where there were good surges and then big corrections, but if Santa’s elves are taking it easy and investors are buying the dip then it could be a nice setup for some consolidation and move higher in 2019. Also the legalization in Canada was a factor where things peaked going into it and investors sold the news when it was official. Now that the froth has been blown off, and the correction has run its course, things are looking more interesting again.

          • On January 9, 2019 at 4:36 pm,
            b says:

            I think sales are important now, for pot stocks.

            At $70 weed was priced higher than big oil companies.
            (a tad high)

            Its basic calculations now, sales cost of sales, another hindrance is the pot companies dont seem to be able to meet demand yet, from looking awesome before legal to not being able to meet customer needs…….jmo, whadoino?

            On the other hand, weed had a nice move today 13%? maybe people are looking for somewhere to put cash.

            Foolish mortals, dont they know to buy gold stocks. lol

          • On January 9, 2019 at 5:48 pm,
            Excelsior says:

            b – You raise an interesting point regarding the valuations in the pot stocks finding gravity now that things are boiling down to actual quantifiable sales numbers, forwards earning expectations, and they are starting to be valued like actual businesses now (what a novel concept). As a result some of the over valuations are returning to the mean.

            It illustrates a good point that John Kaiser made a few months back that what allows bubbles like the Rare Earths, Lithium/Cobalt, Crypto/blockchain, and Cannabis stocks to form and surge to such high valuation is that in the beginning investors don’t really know how to quantify them, but just see a trend form and jump on board. Many investors just follow the herd or starting buying up anything with related to the sector as the balloon expands with hot air.

            I’ve heard Warren Buffet remark a few times that after a big bubble in an asset class or across the general equities, and the correction begins…..

            “When tide comes in you see who was swimming naked”

            That appears to be the case in a number of asset classes now with Cryptos and Pot stocks being the most notable.

          • On January 9, 2019 at 10:13 pm,
            b says:

            If pot stocks go into another bubble because people are leaving the dow etc

            I will be missing it.

            Should they start paying dividends…..well, they might require another look.

      • On January 9, 2019 at 10:51 pm,
        Excelsior says:

        (TK) (TKRFF) Tinka Announces Filing of NI 43-101 Technical Report on the Ayawilca Property, Peru

        by @newswire on January 9, 2019

        • On January 9, 2019 at 11:18 pm,
          Excelsior says:

          (EXN) (EXLLF) Excellon Appoints Vice President Special Projects

          by @newswire on January 8, 2019

          “An essential part of our strategy is building a team that can discover, develop and operate mining assets so that we can fully realize on the next bull market in metals,” stated Brendan Cahill, President and CEO. “Just as great mining assets have been increasingly rare in recent years, the demographic gap in mining portends the same for the industry’s most important asset – people. Marcello’s global experience optimizing and evaluating projects will play an important role in improving our existing operations and growing our business for the long term.”

          • On January 9, 2019 at 11:21 pm,
            Excelsior says:

            (NRN) (NSHRF) Northern Shield Provides Update to Gold-Bearing Epithermal Quartz System at Shot Rock, Nova Scotia

            by @newswire on January 7, 2019


          • On January 9, 2019 at 11:25 pm,
            Excelsior says:

            (FPC) (FPRGF) Falco is Unaware of Any Material Change

            by @nasdaq on January 7, 2019

            ” Falco Resources Ltd. wishes to confirm, at the request of the Investment Industry Regulatory Organization of Canada (IIROC), that the Corporation’s management is unaware of any material change in its operations that would account for the recent increase in market activity.”

            “Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Québec, with extensive land holdings in the Abitibi Greenstone Belt. Falco owns about 67,000 hectares of land in the Rouyn-Noranda mining camp, which represents approximately 70% of the entire camp and includes 13 former gold and base metal mine sites. Falco’s principal asset is the Horne 5 Project located in the former Horne mine that was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Gold Royalties Ltd is the largest shareholder of the Corporation and currently owns 17.8% of the issued and outstanding shares of the Corporation.”


        • On January 9, 2019 at 11:28 pm,
          Excelsior says:

          (SBB) (SGSVF) Sabina Gold & Silver Reports Final 2018 Exploration Results and Continued Expansion of the Nuvuyak Discovery

          by @nasdaq on January 7, 2019

      • On January 9, 2019 at 11:03 pm,
        Excelsior says:

        (URG) (URE) Ur-Energy Founding Director, James Franklin, to be Inducted into the Canadian Mining Hall of Fame

        by @newswire on January 9, 2019

        • On January 9, 2019 at 11:07 pm,
          Excelsior says:

          (AEC) (ANLDF) Anfield Signs Agreement With Cotter to Significantly Expand Its Uranium and Vanadium Portfolio

          by @nasdaq on January 8, 2019

          Anfield’s CEO, Corey Dias, commented: “We are excited to acquire these projects which significantly expand our uranium and vanadium portfolios. The Charlie Project represents an important step forward in creating an ISR uranium mine-and-mill complex in Wyoming as we seek to leverage our resin processing agreement with Uranium One. Further, the West Slope Project provides Anfield with the potential to extend the mill life of our conventional Shootaring Canyon Mill, thereby strengthening our uranium/vanadium mine-and-mill complex. Importantly, Anfield will also have access to the data from the previous exploration activities at both the Charlie Project and the West Slope Project, allowing for rapid preparation of technical reports on both projects. Consequently, as uranium and vanadium markets trend upwards, we are now even better-positioned for production at the appropriate time.”

  5. On January 9, 2019 at 8:14 am,
    snowbird says:

    I admit that I may have been to bearish as I missed the Tripple in KE Sponsor Miramont in the last three months.

  6. On January 9, 2019 at 8:18 am,
    Dick Tracy says:

    SB, I think it is too dangerous to hold any stock in this market, I only trade. I hope it works out for your physical palladium, physical is important but I can’t see holding palladium after it’s run up. DT

    • On January 9, 2019 at 5:57 pm,
      Excelsior says:

      Agreed on trading versus Old Turkey holding during sideways choppy markets, and in general with resource companies. The buy & hold strategy of Livermore was more geared around the general equities and blue chip stocks where that modality makes more sense over the long term. In raging bull markets it is generally best for most traders to buy and hold, but in markets like we’ve seen the last few years in the PMs, Base Metals, and Energy stocks it’s rewarded the traders.

      Also agreed on Palladium getting to a level where it’s gotten ahead of itself, and part of that is that gasoline autos use it in their catalytic converters, and Platinum has suffered some since the VW scandal and diminishing diesel car sales.

      The partial Precious Metals component of Platinum, since it’s used in coins, bullion, bars, and jewelry may start to get a bid if there is more turbulence in the general equities this year and investors get more defensive. It’s very unusual to see such a discount to Gold in Pt.

  7. On January 9, 2019 at 8:22 am,
    snowbird says:

    Sounds good D.T. It’s nice to know where everybody is coming from. I appreciate the honesty.

  8. On January 9, 2019 at 8:56 am,
    snowbird says:

    Looks like World GDP is picking up again. Or not.

  9. On January 9, 2019 at 9:09 am,
    spanky says:

    Watch HL get to $4 before the 100 WMA crosses below the 200 WMA. That cross is probably 2-3 weeks from occurring, so that would represent a pretty ridiculous spike from here (although not entirely unprecedented). From zero to hero in a few weeks. I doubt it happens but wouldn’t shock me. It certainly has room to run in terms of the weekly oscillators.

  10. On January 9, 2019 at 9:51 am,
    spanky says:

    GCC is mounting a nice rally on the weekly chart. If you pull up the weekly Ichimoku cloud, you will see that the cloud is vulnerable to a break out to mid-February. GCC would have to mount one heck of a rally to do it, but the first step would be getting back to the 50 WMA in the next couple of weeks. GCC needs to get above 18.67ish by mid-February. If it fails to do so, I think that 18.60-18.70 will represent the upper limit for GCC for the first half of the year since the cloud will pose stiff resistance.

    To make a long story short, GCC has a 4-5 week window here to put in a relatively large price spike to get above $18.67. If it can do that, that 18.60 level should become a floor instead of a ceiling, at least for the next 7 months.

    • On January 9, 2019 at 9:55 am,
      spanky says:

      If GCC can spike hard in the next month and get above 18.60, I would say the next target would be the 200 WMA, which it hasn’t touched in about 5 years.

  11. On January 9, 2019 at 10:20 am,
    snowbird says:

    Spanky: I’m going to call you out as well. If your going to post individual stocks that aren’t on the KE sponsor list let us know with a full disclosure whether you own them or not. If you can’t do that you have zero credibility.

    • On January 9, 2019 at 10:35 am,
      spanky says:

      I own AXU, EXK, AG, IPT.V (ISVLF) and AUY. I also own some NOK (chart looks good) and NIO (bought this week on a hot tip).

      I think the miners are going to break out of a 40 year consolidation they have been in over the next handful of years. I thought that in 2016, and I still think now. I think $hui will be in the thousands at the end of it–maybe in the 2 to 3 thousand range or higher.

    • On January 9, 2019 at 10:37 am,
      spanky says:

      I don’t own GCC, but its an ETF that tracks the old unweighted commodity index ($CCI) and thus is obviously a good indicator for the whole sector (and much better than the CRB, IMO, which is skewed towards oil).

    • On January 9, 2019 at 11:17 am,
      Matthew says:

      So you don’t care about a disclosure if it’s a KE sponsor?

      • On January 9, 2019 at 11:24 am,
        snowbird says:

        Any comments about the sponsors would be appreciated I’m sure. I shouldn’t have to point out the obvious especially to you Mathew.

        • On January 9, 2019 at 11:38 am,
          Matthew says:

          Yes, but that also goes for many that aren’t sponsors. I would think that those who are interested in ownership disclosures are interested in them for all companies, especially the sponsors. There’s no logical reason to exempt them.

          • On January 9, 2019 at 12:24 pm,
            snowbird says:

            OK Mathew: Let’s try keep it above board instead of shamelessly promoting ones own Portfolio.

          • On January 9, 2019 at 12:32 pm,
            Matthew says:

            With all due respect, I have “promoted” stocks I don’t own too many times to count. Most here are probably aware of that. In addition, there should be no shame at all in giving one’s honest opinion about ANY company. Therefore, I have no shame now and have had none in the past.

          • On January 9, 2019 at 1:02 pm,
            snowbird says:

            Mathew, your a smart guy. People can learn a lot from you as I have.

        • On January 9, 2019 at 12:48 pm,
          snowbird says:

          I have no problem if someone asks your opinion.
          As far as your own stuff,I’ll say it again. If you can’t disclose whether you own it or not you have zero credibility. I think most here would agree.

          • On January 9, 2019 at 12:54 pm,
            Matthew says:

            I think you’ve missed my original point: You exempted KE sponsors from your disclosure requirement and I can’t think of a good (honest) reason to do so.

            I am happy to disclose my ownership whether it’s a sponsor or not.

          • On January 9, 2019 at 1:05 pm,
            snowbird says:

            Mathew, your a smart guy. People can learn a lot from you as I have.

  12. On January 9, 2019 at 10:23 am,
    spanky says:

    IPT.V is coiling up on the daily chart. I would guess it’s headed upward again.

  13. On January 9, 2019 at 10:34 am,
    snowbird says:

    Spanky, why would you care about IPT.V? Do you own it?

    • On January 9, 2019 at 10:38 am,
      spanky says:

      Yeah, I own quite a chunk of it now.

  14. On January 9, 2019 at 10:48 am,
    snowbird says:

    Thanks Spanky. Would NIO be NioCorp Developments NB.TO?

    • On January 9, 2019 at 10:51 am,
      spanky says:

      NIO is not a miner. It’s supposedly “the Chinese Tesla,” lol. It’s listed on the NYSE.

      NOK is Nokia.

      • On January 9, 2019 at 11:01 am,
        snowbird says:

        Nice Spanky.
        I am reading “Angels Don’t Play This Haarp” Advances in Tesla Technology by Jeane Manning and Dr Nick Begich as we speak.
        Keep us posted with Nokia.

        • On January 9, 2019 at 11:03 am,
          spanky says:

          NOK is a pure chart play–it’s been basing for years and could be breaking out now. I picked up a position at $5.47. Plus its a tiny hedge against my mining position.

  15. On January 9, 2019 at 10:49 am,
    spanky says:

    Just and FYI. No way in hell I would be chasing the miners higher here. If I didn’t have any position I might take a small 10-20% position but that’s it. The low risk time to buy was 2-3 months ago, not now. Could they run higher? Of course, but I imagine if we do get a large spike to cap off this rally, the pros will be unloading their shares on suckers. If you can’t stand to suffer a 20-30% drawdown and won’t be able to bear holding, then don’t buy.

  16. On January 9, 2019 at 11:55 am,
    RICHARD/DOC says:

    I would agree with that. I’ve been adding on dips at various times last year and won’t add on these run ups. You’ll get another chance to add on the next pull back in the near future and the first half of this year.

  17. On January 9, 2019 at 12:00 pm,
    RICHARD/DOC says:

    The monthly chart of IPT.V is looking very interesting. The BBs are really tightening and narrowing and should be REALLY narrow when the month turns unless of course, this thing makes a move before then.

    • On January 9, 2019 at 12:28 pm,
      Bonzo Barzini says:

      Doc, since I already own a lot of PAAS, PSLV, CEF, HL, EXK,AG, SSRM, WPM,USAS, SVLB, and MUX, do I really need any IPT? How low do you think IMBBY, PM, and BTI will go, or have they bottomed yielding 8.5%?

      • On January 9, 2019 at 12:30 pm,
        Bonzo Barzini says:

        Oh, I also have AXU.

        • On January 9, 2019 at 12:57 pm,
          snowbird says:

          Thanks Bonzo : The newbies will appreciate your wisdom, as do I. I was impressed with your cigs@ 8% dividend and Physical Silver call. That made a lot of sense to me.

        • On January 9, 2019 at 1:06 pm,
          Excelsior says:

          Bonzo Barzini i hold some EXK, USAS, AG, and IPT of the companies you posted above, as well as AXU. (in addition I hold AXU’s neighbor MMG and expect them to keep hitting similar high grade Silver/Lead/Zinc at Keno Hill like what Alexco’s been finding at their Flame & Moth and Bermingham deposits).

          I used to hold MUX and have been an out of it for years, but got a bit spooked with Argentina starting having more severe currency issues. Still I respect Rob McEwen as a CEO and feel their pickup of the Black Fox mine, their large Copper project, and the exploration assets from their acquisition of Lexam are still underappreciated in their current valuation.

          Ever Upward!

          • On January 9, 2019 at 1:08 pm,
            Excelsior says:

            correction on that line about MUX – in and out of it for years…. (currently out but considering adding it back once I divest a few other companies)

          • On January 9, 2019 at 1:39 pm,
            Bonzo Barzini says:

            I’d be afraid to sell my MUX while they are drilling in the Black Fox area. I’m hoping Rob will find another bonanza as he did with GG long ago.

          • On January 9, 2019 at 1:42 pm,
            Excelsior says:

            Yes, they got Black Fox for a song and a dance from Primero and there is still a bunch of upside. There are so many great valuations out there right now that I just got a bit worried on the Argentina issue, but at least they are diversified in different jurisdictions. I’ll likely add back my MUX position over the next few months, but have to sell something first.

            May 2019 be a prosperous year for you Bonzo Barzini.

          • On January 9, 2019 at 7:16 pm,
            Excelsior says:

            (EQX) (EQXFF) Equinox’s Gold Mine in Brazil Days Away From Commercial Production
            Cecilia Jamasmie | about 10 hours ago

            “Canadian junior Equinox Gold is in the countdown to begin commercial production at its Aurizona gold mine in Brazil, bringing the company closer to its goal of becoming a leading mid-tier producer of the yellow metal.”

            “As part of its growth strategy for 2019, the company plans to dig up 230,000 to 265,000 gold ounces with the assistance of its recently acquired Mesquite gold mine in California.”

            “Equinox Gold has achieved tremendous growth over the last year and will soon become a multi-mine gold producer,” chief executive Christian Milau said in a statement. “This momentum will continue in 2019 as we plan for construction at our Castle Mountain mine, capitalize on growth opportunities at our existing assets and continue to assess accretive acquisition opportunities.”


          • On January 9, 2019 at 7:30 pm,
            Excelsior says:

            I started growing a position in EQX in late October and added to it during tax loss selling. With Ross Beaty at the helm it will always get a great deal of visibility and investors that have confidence in the management team.

            After having followed the news of the Aurizona mine from Luna Gold (due to my prior investment in Sandstorm Gold) and then watching it go to Trek Mining, and then rolled up along with NewCastle Gold’s asset in Castle Mountain, they are set to be a solid Mid-Tier Gold producer.

            I also like that they divested their old Koricancha gold mill in Peru (that they had from when they were JDL Gold) to Inca One. I also hold a position in $IO Inca One that I added to during tax loss selling as they are a toll miner processing many smaller artisinal miners in Peru and I believe that Koricancha mill will really give them more traction in Peru. IO had a nice pop today, but I believe they’ll be a nice multi-bagger from here.

          • On January 9, 2019 at 7:43 pm,
            Excelsior says:

            Rick Rule Investing “Know-Who” with Ross Beaty, Part 2

            By Remy Blaire – December 13, 2018

            > Ross Beaty: “The Brazilian asset is one of those opportunities that you could acquire … when they do have some tarnish … very cheaply, which is what we did. Putting this company together with one Brazilian asset, one California asset and some cash. That’s what the three-way merger that we did in December was when we started Equinox Gold. And the first thing we did is we financed and started construction on this one mine that was going to rebuild what was already a producing mine, and fix the mistakes that were made then.”

            “We’re going to start that up early in 2019 and we think it’s going to be a very successful mine. We’ve corrected the mistakes and we’ve re-engineered the package. The royalty has been changed. It has got no significant — no historic debt in any way. We put some new debt on it but it should generate a pretty [good] return to us … it’s a good cornerstone asset in what I hope will be a multi-asset diversified gold-producing company with multiple mines.”

            >> Rick Rule: “You now have, well, two California assets. But tell us about those two.”

            > Ross Beaty: “Sure. With the merger [in December last year] … we put together … the Brazilian asset, the Aurizona mine and then one in California called Castle Mountain that was in the hands of a company called New Castle. So we [now] own one hundred percent of Castle Mountain.”

            “I liked Castle Mountain in that it has humongous gold resource. It’s about 6 million-ounce gold resources. It is an old producer. It produced for many years in the ‘90s. And I know it well, I visited them. The same partner who operated that mine is operating our gold mine in California, the American Girl Mine.”

            “So we know the deposit type. We know the size. It’s gigantic. It has existing permits. Grandfathered permits for a rather small scale operation of around 50,000 ounces a year that we’re planning to start going in 2020, about a year and a quarter from now. A very small capital cost to get that going. That’s what we call phase 1. Rather low risk, good size, should generate some decent cash flow, very easy to finance.”


          • On January 9, 2019 at 11:05 pm,
            Excelsior says:

            (USAS) (USA) Americas Silver And Pershing Gold Announce Respective Shareholder Approvals For Business Combination

            by @newswire on January 9, 2019

            “The Board of Directors and management teams of both companies are pleased that our shareholders overwhelmingly supported this Transaction and would like to thank them for their continuing support,” said Darren Blasutti, President and Chief Executive Officer of Americas Silver. “Today marks another important step forward toward our goal of creating a profitable, low‐cost precious metal company. Upon closing of the Transaction, we will be focused on advancing the next phase of the combined company’s growth by financing and bringing the low-capital, high-return Relief Canyon Mine into production.”


          • On January 9, 2019 at 11:10 pm,
            Excelsior says:

            (KTN) (KOOYF) Kootenay Reports Sampling Results at High-Grade Columba Silver Project, Mexico

            by @newswire on January 8, 2019

            Highlights Include 360 gpt Silver over 1.80 Meters within 275.97 gpt over 3.5 Meters


          • On January 9, 2019 at 11:14 pm,
            Excelsior says:

            (KNT) (KNTNF) K92 Mining PEA Results

            by @nasdaq on January 8, 2019

            >> The key outcomes from the PEA were:

            – Mining production and plant processing capacity could be increased to 400,000 tonnes per annum over a period of approximately 12 months;
            – Could achieve an NPV5 of US$710 million pre-tax, or US$559 million after tax, and an Internal Rate of Return (IRR) of 350%;
            – Over a 13-year period, the plant would treat 4.9 million tonnes averaging 9.0 g/t Au. 20 g/t Ag and 1.3% Cu;
            – Average production of over 120,000 oz AuEq* per annum with cash costs of US$429/oz AuEq* and all-in sustaining costs (AISC) of US$615/oz AuEq* ;
            – During the first five years, average production of over 145,000 oz AuEq* per annum; and
            – Initial Capital Cost of US$13.6 million for the expansion.

            *Au Eq – calculated on above Current Metal Prices of Au – US$1,300/oz; Ag – US$15/oz; Cu – US$2.90/lb.


      • On January 9, 2019 at 12:37 pm,
        Matthew says:

        You’ll do just fine without IPT, Bonzo. On average, your shares and the whole sector are going to perform excellently.

      • On January 9, 2019 at 1:18 pm,
        RICHARD/DOC says:

        BB, I would say you’re in good shape with what you have.

        • On January 9, 2019 at 1:43 pm,
          Bonzo Barzini says:

          Yes, I have so much in gold, silver, and oil stocks I should probably concentrate on buying tobacco stocks with big dividends this year, and if gold and silver go to the moon I’ll be crying all the way to the bank.

          • On January 9, 2019 at 2:33 pm,
            Dick Tracy says:

            If you guys are going to start crying all the way to the bank, we better have an award for the most tears shed. Let’s call it “The Wet Towel Award”, forget the silver trophy’s.LOL! DT

          • On January 9, 2019 at 3:31 pm,
            Excelsior says:

            Funny DT. I believe the Wet Towel Awards were given out last year in 2018, but that was because when investors went to the bank there was no money left. Lol!

          • On January 9, 2019 at 10:47 pm,
            Excelsior says:

            Dancing on the Precipice: ‘Bankruptcy Happens Gradually, then Suddenly’

            by @FrankGiustra on January 9, 2019

            “No one likes a party spoiler, especially a Chicken Little. There were plenty of people besides me warning investors in the years preceding the 2008 crisis – a lot of them far smarter than I am. But when panic sets in, it moves at breakneck speed and most people freeze, hoping it’s just a bad dream that will go away. By the time they decide to act, asset prices are at rock bottom. I am often asked advice (which I am loath to give) when markets initially start to correct. Many people’s first reaction is to hold on until a bounce brings them back to the value before the correction. This is how greed works. I always ask the question: How important is that marginal upside to you in a market that is already overvalued. And, are you willing to risk the value of your portfolio if things really fell apart just to get that extra little upside?”

            “So, you have a couple of choices. Take some chips off the table or party like it’s 1929.”


  18. On January 9, 2019 at 12:40 pm,
    Matthew says:

    For those who can view it, this big monthly fork is supportive of IPT’s P&F price objective of $3.50…

    • On January 9, 2019 at 6:29 pm,
      Excelsior says:

      Thanks Matthew. Would you mind posting the Point and Figure chart you referenced there?

      Personally, I still struggle with incorporating Point & Figure charts into my TA analysis and really need to spend more time this year doing a deeper dive with them. I like that they produce price objectives and appreciate the reminder, but for some reason have had them on the back burner. Traders used to use graph paper and do them by hand, so I feel as if it is a good skill to have in one’s arsenal.

      I’m just so comfortable with Candlestick charts and really only use 6-10 chart indicators most of the time, along with trend-lines, prior peaks & troughs, chart patterns, and Fibonacci extensions or retracements.

      It crosses my mind sometimes that my charting is to narrowly focused, but I often am shotgunning through dozens of stocks for a quick look, and just like setting up the charts and running the tickers through a preset. Often I’ll go deeper and find the set of MAs on the daily or weekly that the stock is responding best to, and also look for a confluence of indicators lining up at turns, but aim to expand my knowledge more this year.

      Anyways, thanks for providing a range of analysis from speed lines and Schiff forks to Arcs and P&F charts. It is appreciated.

      • On January 9, 2019 at 7:24 pm,
        Matthew says:

        Ex, as far as I’m concerned, the back burner is generally the right place for the P&F charts.
        (Which might be a sign of my own ignorance.)

        • On January 9, 2019 at 7:36 pm,
          Excelsior says:

          Thanks Matthew. I just enjoy and prefer all the various tools at our disposal with modern charting and trading platforms, so I don’t go back to P&F charts very often. I do like their simplicity, because it is easy to over-complicate analysis.

  19. On January 9, 2019 at 8:30 pm,
    Dick Tracy says:

    These days I just concentrate on volume, that gives me the liquidity that I seek to get in and out of plays. I don’t care whether the volume comes with pot stocks or metals or what exchange I am on. I do only cursory Due Diligence, like how many shares are involved or is news driving this play, if it isn’t obvious I simply pass. I watch to see how quickly a stock recovers after a small amount of selling. I keep my buys to juniors because that is where the action is for the newbies and I limit my buys to an amount that is easy to trade. I know how to sell and that gives me leverage over most speculators. Once I have traded a stock I rarely go back because there are so many opportunities that I never feel like a missed opportunity has passed me by. DT

  20. On January 10, 2019 at 7:24 am,
    Charles says:

    Hi Matthew – Can you let me know what your charts look like for SCY.TO? It looks to me that the correction that has occurred from the top in 2017 might be at or very near completion.

    • On January 10, 2019 at 7:28 am,
      Charles says:

      Correction, I meant the top September 2018.