David Erfle - Gold Market Commentary – Thu 4 Apr, 2019

A Positive Reversal Day For Precious Metals and PM Stocks

After testing $1,280 early this morning gold has rebounded by $14 and the gold stocks have garnered a buy throughout the day. David Erfle, Founder of The Junior Miner Junky joins me to share his thoughts on this positive reversal. With stocks leading higher and gold bouncing off the strong resistance this is a very nice sign for PM investors.

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Comments:
  1. On April 4, 2019 at 12:13 pm,
    Matthew says:

    SLV reversed at fork support…
    http://schrts.co/bbdREsSR

    • On April 4, 2019 at 1:20 pm,
      Matthew says:

      It also reversed at a shorter term fork support (it’s amazing how frequently such “coincidences” happen)…
      http://schrts.co/jRDYXYeY

      • On April 4, 2019 at 6:18 pm,
        Excelsior says:

        Yes, it’s very curious how charts respond to support and amazing when we see these “coincidences”.

        Thanks for the charts Matthew.

    • On April 4, 2019 at 9:42 pm,
      Glenfidish says:

      Hi Matthew keep the good stuff going! On a personal note I’m heavy on impact and keep adding at every opportunity. Great choice.

      • On April 4, 2019 at 10:09 pm,
        Matthew says:

        Hi Glen, I hope all is well!

  2. On April 4, 2019 at 12:17 pm,
    Matthew says:

    Huge outside day for GDX vs GLD…
    http://schrts.co/AKDYIBJW

    • On April 4, 2019 at 2:39 pm,
      Bonzo Barzini says:

      Even MRRMF rose from 9 cents to 12 cents. Maybe the bottom is in?

      • On April 4, 2019 at 3:01 pm,
        Bonzo Barzini says:

        Matthew, Doc, and AL, are you NRA members? I just signed up for 3 years and hope they are not a front for a Soros outfit.

        • On April 4, 2019 at 6:09 pm,
          Matthew says:

          Bonzo, you are right to wonder about the NRA. I am not a member and will never forget how the organization endorsed Bill Richardson (D-globalist) for POTUS instead of Ron Paul. Like so many other organizations (e.g. FOX, Drudg, Breitbart etc) and individuals (e.g. Alex Jones, Ben Shapiro, Jordan Peterson etc), the NRA represents approved, if not controlled, opposition.

          The real deal:
          https://gunowners.org/

          “The only no-compromise gun lobby in Washington”
          – Ron Paul

        • On April 4, 2019 at 7:36 pm,
          Matthew says:

          Isn’t it “interesting” how mainstream textbooks fail to address the following quote? The American Revolution was not just about taxation, it was about fighting tyranny in general.
          Commoners who argue for gun control should be seen for the ignoramuses that they are.

          “We should not forget that the spark which ignited the American Revolution was caused by the British attempt to confiscate the firearms of the colonists.”
          —Patrick Henry

          https://www.dcclothesline.com/2014/08/28/gun-control-dictators-tyrants-banned-firearms-slaughtering-people/

          • On April 5, 2019 at 7:14 am,
            OOTB Jerry says:

            Ditto………nobody does their history lessons…………

  3. On April 4, 2019 at 1:05 pm,
    OOTB Jerry says:

    Hee haa hoo ya…………….Platinum finally got a bid……up $30…. $900
    I think platinum is going to over take palladium……….JMO……. 🙂

    • On April 5, 2019 at 5:06 am,
      Excelsior says:

      Lobo Tiggre – Palladium Investors Must be Cautious

      by @PalisadeRadio on 5 Apr 2019

      https://ceo.ca/@palisaderadio/lobo-tiggre-palladium-investors-must-be-cautious

      • On April 5, 2019 at 7:10 am,
        OOTB Jerry says:

        I think , some of us already said what the gurus are saying, only, we already said that about two weeks ago..before it fell, after the parabolic move…… 🙂

        • On April 5, 2019 at 7:11 am,
          OOTB Jerry says:

          Maybe some of the gurus…..need to read Bobby’s book….. 🙂

      • On April 5, 2019 at 7:42 am,
        OOTB Jerry says:

        Gann Report out………and platinum is going higher…….look for a triple % gain…maybe about 188%…, but, it has moved up 17%, ….so take it from there…..
        Platinum does not move in the same direction as HUI, gold or silver.
        We will see…….about this time next year. Historically speaking of course.

        • On April 5, 2019 at 8:34 am,
          OOTB Jerry says:

          Looks to be going higher……

  4. On April 4, 2019 at 2:56 pm,
    Dick Tracy says:

    Fipke now owns 47.4% of Cantex, it had a big day up 37%.

    • On April 4, 2019 at 5:20 pm,
      Excelsior says:

      $USAS was also on the move today (up 20%) which is a lot for a mid-tier producer.

      They announced their financing deal with partner $SAND Sandstorm Gold helping to launch their construction of the Relief Canyon asset gold asset in Nevada that they got by acquiring Pershing Gold.

      Also having Pierre Lassonde involved from Franco Nevada should speak volumes.

      I was surprised by their sale of San Felipe to Premier Gold, but they are staying focused on their main projects, so more power to them.

      It is time for a good re-rating in this stock over the next 12 months, and the larger production profile and size of assets should bring more institutional investors and funds into this dual listed growth story.

      USAS Americas Silver Corp

      $1.85USD up +$0.32 (+20.92% gain)

      https://www.bloomberg.com/quote/USAS:US

      • On April 4, 2019 at 5:27 pm,
        Excelsior says:

        Here was another bright spot for the day – Anaconda Mining putting out great drill results (again) but few investors paying attention to this story still. It just gives me more time to keep accumulating, but I’m surprised some of the drill junkies out chasing crap stocks that will never go into production are not more focused on a real company continually nailing milestones and exceeding guidance in their production efforts. Eventually folks will wake up to Anaconda’s pattern of success.

        _________________________________________________________

        (ANX) (ANXGF) Anaconda Mining Intersects 42.85 g/t Gold Over 3.8 Metres and 9.83 g/t Gold Over 3.5 Metres at Goldboro

        @newswire on 4 Apr 2019

        – 42.85 grams per tonne (“g/t”) gold over 3.8 metres (66.6 to 70.4 metres), including 316.76 g/t gold over 0.5 metres in hole BR-18-70;
        – 9.83 g/t gold over 3.5 metres (81.1 to 84.6 metres) including 58.31 g/t gold over 0.5 metres in hole BR-18-69;
        – 7.48 g/t gold over 4.1 metres (125.0 to 129.1 metres) including 35.45 g/t gold over 0.8 metres in hole BR-18-68;
        – 7.69 g/t gold over 2.9 metres (34.0 to 36.9 metres) including 43.87 g/t gold over 0.5 metres in hole BR-18-69; and
        – 16.54 g/t gold over 1.3 metres (105.0 to 106.3 metres) including 26.53 g/t gold over 0.8 metres in hole BR-18-69.

        https://ceo.ca/@newswire/anaconda-mining-intersects-4285-gt-gold-over-38

        • On April 4, 2019 at 5:29 pm,
          Excelsior says:

          KD Morning Musings (glad to see our buddy Mickey Mantle noticed and is on the case)

          April 4,2019- The beat goes on -ANX releases stellar drill results again !

          “Anaconda Mining has done it again. Strong drill results in a resource that keeps steadily growing. The real news however is highly seasoned very successful mining engineer Kevin Bullock has been brought in as CEO of ANX. I am doing back flips over this a this will propel us to the next level. Kudos also to Jonathan Fitzgerald for pulling off the coup of bringing in a strong leader in Mr.Bullock. Look for an interview with Kevin soon when the dust settles, get ready for a nice ride folks, this is just what the Doctor ordered for ANX shareholders.”

          https://kdblueskymarketing.com/kd-morning-musings-2/

        • On April 4, 2019 at 6:11 pm,
          Charles says:

          USAS that is. Did you see Anaconda hired a new CEO. Guy sounds impressive and has been a board member for years and has had success taking miners to the next level. Don’t worry, Dustin is still in the picture, The story just keeps getting better!

      • On April 4, 2019 at 5:43 pm,
        Charles says:

        +1 Bought some this morning.

        • On April 4, 2019 at 5:52 pm,
          Excelsior says:

          A solid plan, as things are just getting geared up.

          • On April 4, 2019 at 6:13 pm,
            Charles says:

            Ex – I meant to post here. Seems like my postings never go where I intend!

          • On April 4, 2019 at 6:14 pm,
            Excelsior says:

            Ha! I’ve learned to expect the unexpected when posting on the KER 🙂

        • On April 4, 2019 at 6:33 pm,
          Excelsior says:

          (SAND) (SSL) Sandstorm Gold Royalties Announces Gold Stream Acquisition on Relief Canyon as Part of US$42.5 Million Financing Package with (USAS) (USA) Americas Silver

          by @accesswire on 3 Apr 2019

          Near-Term Cash Flow: Americas Silver expects Relief Canyon to pour gold by the end of 2019 with average annual production of 91,000 ounces of gold at an all-in-sustaining cost of US$801 per ounce.

          Precious Metal Stream with Fixed Deliveries: Sandstorm will receive 32,022 ounces of gold over 5.5 years, followed by a 4.0% precious metals stream thereafter. This is expected to increase the Company’s attributable gold equivalent ounces1 by 7% in 2020 and 9% in 2021.

          Exploration Upside: Relief Canyon has a large prospective land package that is relatively underexplored. Sandstorm’s royalty covers the full property area surrounding the mine site.

          Safe Jurisdiction: Relief Canyon is located in Nevada, USA, one of the world’s best mining jurisdictions. Americas Silver has mining and processing permits in place to start operations at the Relief Canyon mine.

          https://ceo.ca/@accesswire/sandstorm-gold-royalties-announces-gold-stream-acquisition

  5. On April 4, 2019 at 6:15 pm,
    Excelsior says:

    Goldcorp Announces Shareholder Approval for Combination with Newmont

    by @newswire on 4 Apr 2019

    https://ceo.ca/@newswire/goldcorp-announces-shareholder-approval-for-combination