Here’s What The Major Miners and Silver Are Telling Us About The Sector
David Erfle, Founder of The Junior Miner Junky joins me for a look into the PM space. Past just the slow moving gold price the stocks and silver could be forming a pretty bearish pattern that is not good for the overall sector. Plus a couple recent earnings and production reports out of the majors are not enticing any of the generalist investors into the sector. Now is a good time to have some cash and wait for some lower stock prices.
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Ira’s metals
Yes, there is no liquidity in the PM market right now. Its always darkest before the dawn. When confidence in the SPX, bonds and USD start to waiver ( are they now starting?), every mom and pop PM company will take off to the moon in due course.
BE RIGHT AND SIT TIGHT- JESSE LIVERMORE. HAVE THE WILL TO WIN, AS THEY WILL TRY HARD TO SHAKE YOU OUT AT THE BOTTOM.
More silver needed………
for bomb making……
https://www.zerohedge.com/news/2019-05-07/americas-defense-budget-bigger-you-think
Final tally: $1.2542 trillion
So our final annual tally for war, preparations for war, and the impact of war comes to more than $1.25 trillion, more than double the Pentagon’s base budget. If the average taxpayer were aware that this amount was being spent in the name of national defense—with much of it wasted, misguided, or simply counterproductive—it might be far harder for the national security state to consume ever-growing sums with minimal public pushback. For now, however, the gravy train is running full speed ahead, and its main beneficiaries—Lockheed Martin, Boeing, Northrop Grumman, and their cohort—are laughing all the way to the bank.
Jerry….Pop over to the Ullman piece , & post a comment.
Jerry…The mic beast DOES NOT have to be fed…The American people have enough weapons to kill it tomorrow , they just have to to be promped enought , to kill it .
Hello Tony…….
If, I go over and post a comment, …..will we get zapped…. 🙂
No Jerry…..The Big Fella , has a free speach policy , everybody is intiteled to their oppinion……..Try it.
USAWatchdog good Pento interview:
Michael Pinto is OK. Greg Hunter is not.
welcome back…J MILLER……….
Question…..why , do you say Greg H is not……just wondering thanks……Jerry
Hi Jerry. The reason is this. I posted on Greg’s site for several years. Some of the guests he interviewed and some of the people who left comments on his site said things that they were wrong about such as bank bail-ins, the FDIC and insured deposits, derivatives, the unemployment rate (which I believe is more closer to 10% and not 20%) and the inflation rate (which is really about 5% for the average person and not the often quoted 9 or 10%), facts about gold and silver etc… Things that I knew about. So I corrected them. Sometimes I did not post but other times I posted a number of comments correcting things that were said. I hate error and having someone exaggerate things making it sound better or worse than they really are. So Greg got tired of me doing this and will not post my comments. If there are any of these topics that you want me to explain in detail I will. Glad to hear from you.
Thanks JMILLER………
I really appreciate your comments and taking time to reply.
I think it is also, important to provide the truth, and when wrong try to keep up with
correcting ,when I know the info is not correct.
Unfortunately, there are a lot of people , which profess to be correct in reporting, and then you find out they are just blowing in the wind.
Thanks for all your participation in the past, hoping you might come back and share some more great info with us. Again….thank……..Jerry
Thanks Jerry. I think I will spend more time here and may be contribute a little. Another site I like and have posted in the past is Wolf Richter’s site. He runs a good site and most people there make good comments. Talk to you later.
JMILLER……thanks for the info….and reply…..Have a great day….
Mexus continues positive progress towards production of gold at Santa Elena mine
May 06, 2019 (GLOBE NEWSWIRE)
“Mexus Gold US (MXSG) announced that it has begun blast hole drilling on the Julio vein system and the adjacent shear zone in preparation for blasting. This initial drilling should be completed the week of May 13th with the resulting blast producing the ore necessary to start steady production. The material being drilled has been sampled and is averaging 4 grams per ton Au and 12 grams per ton Ag.”
“Mexus currently has over 12,000 tons of ore stockpiled and ready to mine which was a result of the preparation of the pit on the Julio vein. This material is being crushed and placed on the pad now. The recent progress is further proof that the company is steadily transitioning from an exploration company to a producing miner.”
/Vix spot 20.75 before the open but the /vix3M(3 months in future) was 18.78…This is showing smart money is not yet hedging for future declines…so this downturn is not yet taken seriously
Behold , my peoples suffering!..SAD
https://wolfstreet.com/2019/05/08/the-state-of-the-american-debt-slaves-q1-2019/
Having bought all the physical I want I have stink bids in on about a dozen companies, so sell to me,Guys, sell to me.