Craig Hemke from TF Metals Report – Fri 9 Aug, 2019

This year is looking a lot like 2010 for the precious metals

Craig Hemke, Founder of the TF Metals Report website joins me to share his thoughts on the quick move higher in gold and silver. Craig has compared this year to 2010 for the metals and with the moves over the past three months that comparison is looking better by the day.

Clcik here to visit Criag’s site and follow along with his metals commentary.

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Comments:
  1. On August 9, 2019 at 7:22 am,
    cfs says:
    • On August 9, 2019 at 8:00 am,
      JMiller says:

      In the video at 14:33 they say that KeyBank is telling people that they can’t store bullion in their safe deposit boxes anymore. This is not accurate. What KeyBank’s “Safe Deposit Box Agreement” says is that they do not allow you to store gold bullion in your Box. Storing of silver bullion however is allowed.

      https://www.key.com/kco/images/safe_deposit_box_agreement.pdf

      • On August 9, 2019 at 11:53 am,
        Silverdollar says:

        Can’t imagine why anyone would want to store their PMs in a bank safe deposit box. We may get to the point where an IRS agent will be looking over your shoulder and paying you the government price for your coins. It happened in 1933 I believe.

      • On August 13, 2019 at 3:23 am,
        paul says:

        Another good post JMILLER. You are one of the best at spotting errors.

  2. On August 9, 2019 at 8:18 am,
    Matthew says:

    I don’t know what Hemke is looking at but the current picture for the miners is infinitely better than that of 2010. If he’s hoping silver will pull another quick triple, the odds aren’t with him. The middle of 2003 is much more similar to the current setup.

    • On August 9, 2019 at 10:58 am,
      OOTB Jerry says:

      Turd……..has only been around since 2010…..

      • On August 9, 2019 at 10:59 am,
        OOTB Jerry says:

        He certainly does not have experience dating back to 1970….

  3. On August 9, 2019 at 10:19 am,
    Marty says:

    SILVERCREST- my 1st 40 bagger since Mindfinders buyout in 2012. But I’m still absolutely irate with the SSRM PILAGE OF Golden ERROR( GRG.V or GARWF). Shareholders – VOTE – HELL NO!

    • On August 9, 2019 at 12:36 pm,
      Excelsior says:

      Marty – Big time congratulations on riding Silvercrest all the way up. Yes, the market didn’t like that Golden Arrow sold their 25% golden goose with SSRM Mining doing the operating for a cash sale, just to go out and drill and explore again. Nice for the short term, but they lost their 8 year guaranteed revenues right as the Gold market was starting to wake back up, so pretty near-sighted.
      _______________________

      Back to Silvercrest – I started with their new incarnation as they spun it out during the merger of the previous Silvercrest by First Majestic and caught a small piece of that initial surge higher. Then I sold out and got back in for a 2nd trade, but all told only got a 4 bagger (not a 40 bagger out of it). It has truly been a top-in-class epic run by the Silvercrest team, and along with Novo & Claude, one of the top 3 mistakes I made by selling out too early. [I’m working on controlling that defensive posture and on letting my winners run in this cycle]. Still very well done sir!!

      My best percentage return was a 56 bagger on Mexus in 2016 (albeit a small position that I faded in several tranches on the way up). Got in at a little more than 1/3 of a penny and sold out at 20 cents.

      I did keep a small free-trading position in MXSG at that time, that crashed back down, but I’ve averaged down over the last 2 years, and it has just started moving again on their news on FINALLY getting into production at SantaElena. I’m letting it run for now and look forward to pulling another rabbit out of the hat with them again on this run.

      While 40 baggers and 56 baggers and even some of the 100 baggers we heard about in the crypto and pot stocks are awesome, in most of my positions I’d be completely elated with a 5-10 bagger over the next 2-3 years. (secretly I’m gunning for a few 20 or 30 baggers in some Gold explorers and Uranium companies, but overall 500% -1000% gains will set me up pretty good this round.

      Ever Upward!!

      • On August 9, 2019 at 1:17 pm,
        Marty says:

        In GTBDF @ .80, 1.60. & g2.10 US, MAY be the best prospect in the gold space right now for a 30+ bagger. I think there will be multiple double digit baggers in the silver space by means of substitution when gold jettisons from current prices. That was my HOPE IN GOLDEN ERROR.

        • On August 9, 2019 at 1:34 pm,
          Excelsior says:

          Yeah, Great Bear has had an epic move and is like the Gold version of Silvercrest, where they just keep hitting on exploration results, and both have what appears to be high-grade economic mine development projects. I’d expect to see both companies get taken out in this cycle.

          As for more double-digit baggers in the Silver space, yes, that is my thinking as well, and I hold a basket of beat up Silver miners that may just offer such returns over the next 2-3 years. Small producing Silver companies like Santacruz Silver, Excellon, Impact, Avino, Bayhorse,etc… are likely candidates.

          Of course, Silver explorers like Dolly Varden, Goldplay, Metallic Minerals, Orex, Defiance, etc… can always do parabolic moves as the Silver prices ratchet higher down the road and if they keep digging up good results in their exploration programs.

          It may be that larger development projects like Alexco, Kootenay, AbraPlata, Silver Bear, and Bear Creek can still make it up to a 5-10 bagger status as well.

          • On August 9, 2019 at 4:29 pm,
            Canuckski says:

            Thanks for sharing your listing of Silver stocks and related thoughts EX. Much appreciated.

          • On August 9, 2019 at 11:40 pm,
            Excelsior says:

            Thanks Canuckski – Always happy to share ideas in the Silver sector. If there are any stocks you really like in the space it would be great to hear about them. Cheers!

      • On August 9, 2019 at 1:29 pm,
        bonzo b. says:

        I am waiting for MRRMF to be a 50-bagger for me @4.00 a share.
        Drill, baby, drill!

        • On August 9, 2019 at 1:47 pm,
          Excelsior says:

          I’m waiting on drilling in dozens of companies, but on just the greenfield discovery explorers I’ve got a few chips on Golden Ridge, Metallic Minerals, Dolly Varden, Brixton, Orex Minerals, Klondike Silver, Group Ten, Northern Shield, and Sarama.

          Most of the other drill programs are on #Developers like Minera Alamos, Balmoral, Treasury Metals, Orezone, Pure Gold, Sabina, West Kirkland, Orefinders, Tinka, Vendetta, Callinext, ZincX, Kootenay, AbraPlata, Falco, First Cobalt etc…

          I also have a large basket of small producers where the exploration programs can really move the stock (much more so that the larger behemoths). Small producers like Impact, Excellon, Santacruz, Bayhorse, Avino, Bonterra, Anaconda, Comstock, Alio, Mandalay, Hummingbird, Mexus, Mako, Norther Vertex, Roxgold, Troy Resources, Jaguar, etc… are stocks I hold that I’m looking to see sensitivity to rising metals prices if they can deliver on more drill results to expand their existing resources and mine lifes.

          As for the larger mid-tier producers, the drill results help, but don’t move the dial quite as much as solid production results due.

          • On August 9, 2019 at 1:50 pm,
            Excelsior says:

            I also have positions in a few prospect generators & royalty companies that move a bit if their JV partners hit paydirt, but I’m in them more for steady accumulation and gains as their Net Smelter Royalties start to pay off.

      • On August 9, 2019 at 10:05 pm,
        Buzz says:

        Although I’ve gotten steamrolled in GARWF, I’ve followed Ex’s example & bought the bloodbath in MXSG. Now my largest holding by far

        • On August 9, 2019 at 11:52 pm,
          Excelsior says:

          HI Buzz – Yes the Golden Arrow decision to sell their 25% stake hasn’t gone over well with the market, but even that may change over time if they go out and have some drill success on their other targets.

          Yes, Mexus spent the last 2 1/2 years correcting and consolidating while they figured out the processing and solution and the right strategy to use their Merrill Crowe processing center. Now they look to be on top of things and now own 100% of their project and have assembled a few more industry experts to assist.

          Compared to some of the mid-tier producer and more established smaller producers in the Gold/Silver space, MXSG is definitely a higher risk speculation. Mexus has a much smaller team, but also lower G&A expenses as a result, and they didn’t do the Vancouver/Toronto money game. Ironically they have become a real mining company, but they did things a bit non-traditionally.

          It must be noted though, that unlike most of the thousands of publicly listed mining stocks, they actually did something extraordinary — they actually made it into Gold production…. right as the metals prices have started to climb higher.

          While I have a nice position in MXSG it isn’t my largest holding, but I’m expecting out-sized returns. Just the move in the last few weeks has been sizeable, but they are just starting to stretch their legs.

          Ever Upward!

    • On August 10, 2019 at 9:20 pm,
      Excelsior says:
  4. On August 9, 2019 at 12:25 pm,
    Excelsior says:

    @Goldfinger – “$RNX is one of the better looking gold junior charts out there right now:”

    http://cdn.ceo.ca/1ekras6-RNX.TO_Daily_8.9.2019.png

  5. On August 9, 2019 at 2:11 pm,
    Marty says:

    Still have a nice position in Sabina in Nunuvat with their 42+ million silver oz royalty in tact.

    • On August 9, 2019 at 2:19 pm,
      Excelsior says:

      +42 – Me Too!

      They may decide to go into production on their own, but I’m hoping they get taken over by a larger producer or at least JV with a larger producer to get their deposit going.

      Some of my development stage stocks that I see as takeover targets are Sabina, Pure Gold, Orezone, Treasury Metals, Orefinders, Kootenay, and AbraPlata. There are developers like Alexco, Minera Alamos, West Kirkland, or Falco that I believe will just head right into production on their own, although they could also be taken out.

  6. On August 9, 2019 at 2:33 pm,
    Marty says:

    Commercials a net -50000 contracts last week in gold, +8000 net in silver

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