Hour 1 – Featuring Jesse Felder, Jeff Christian, and an update from Novo Resources

Full Hour 1

Wow was it ever a volatile week for US markets, treasuries, and the precious metals. Trade wars were blamed but there is much more driving this volatility and general weakness in stocks. In the first hour we focus on where we could be going for all these markets and the ongoing chatter about a possible recession. around the corner.

  • Segment 1 and 2 – Jesse Felder, Founder of The Felder Report kicks off the how with a wide ranging discussion on US markets, bonds, and gold. There is some great information on why he thinks yields might get a bounce and not retrace into negative territory.
  • Segment 3 – Jeff Christian, Managing Partner at the CPM Group shares his insights into the physical and investment demand that is drving the gold price higher.
  • Segment 4 – Quinton Hennigh, President of Novo Resources provides a full update on the work being done at the Egina Property. He also answers some of your questions.

Exclusive Company Updates This Week


Jesse Felder
Jeff Christian
Quinton Hennigh


Comments:
  1. On August 10, 2019 at 6:24 am,
    Dick Tracy says:

    On Sprott Radio, Eric say’s that Brixton’s intercept at Thorn is shaping up to be a huge porphyry, it looks like they have the goods, he also say’s you just never know but he is more interested in the silver in this deposit than the gold because of the upside for silver. Listen in at around 17.30 on the dial. DT
    https://www.sprottmoney.com/Blog/a-new-kind-of-reality-in-gold-and-silver-weekly-wrap-up-august-9-2019.html

    • On August 10, 2019 at 7:09 am,
      Excelsior says:

      Good interview with Craig H. and Eric S.

      • On August 10, 2019 at 7:14 am,
        Excelsior says:

        …. and great weekend show from the KER Crew.

        Much appreciated Cory, Big Al, and all the contributors.

    • On August 10, 2019 at 11:06 am,
      Matthew says:

      Brixton holders should be careful not to sell too much too quickly. It could easily go 10x from right here but most early retail holders will be long gone by the time it does because they’ll perceive that it “has gone too far, too fast” and/or that it is way overvalued. Something tells me this warning does not apply to Marty.

      Brixton’s drill hole is a big deal that could get much bigger, and with metals prices up significantly and rising, the miners in general have enjoyed a key fundamental shift. So these big moves should not be seen as fickle or fleeting in most cases.

      When it comes to the producers, remember that higher metals prices can have a huge impact on the value of resources in the ground as well as profit margins so high and rising P/Es are normal in this space.

      Finally, if you do believe this is a new bull market, don’t underestimate the speculative interest that is still to come. Despite the moves so far, it is early and I see virtually no “froth” in the miners based on how they’re trading. In most cases, the urgency is still coming from the sellers, not the buyers. Even in Brixton, with its 4x in 7 weeks, it’s still smart buyers in control. It is clearly not dumb money pushing it higher. You can see it in the way it trades.

      • On August 10, 2019 at 11:10 am,
        Matthew says:

        To clarify my comment about Marty, it seems to me that he knows very well how to size-up a junior and when to sell.

        • On August 10, 2019 at 12:29 pm,
          Big Al says:

          Be very careful of that type of advice.

          • On August 10, 2019 at 12:38 pm,
            Matthew says:

            Al, everyone is free to ignore an opinion. Hopefully people are capable of weighing different views and then taking actions that suit them.

        • On August 10, 2019 at 7:29 pm,
          Excelsior says:

          Agreed about Marty. He’s a very solid stock picker, and knows how to extract the most value out of upward trends. A very valuable contributor and on point for years.

      • On August 10, 2019 at 7:27 pm,
        Excelsior says:

        Matthew, I just wanted to take a moment and thank you for all your perspectives and insights shared over the years. The charts, economic discussions, and even trading strategies are greatly appreciated.

        Your advice here is well-received for me personally, because I do fine getting positioned early in good investment vehicles, but am really working on holding onto my winners longer and letting them run in this cycle.

        My biggest weakness as a trader isn’t during bear markets, or catching trades in the lower parts of a move, but in reading overbought indicators as reasons to sell in a bullish phase and exiting a winning position too soon.

        We all have work to do and make mistakes, but your advice above is sound and applies to a number of stocks during advancing parts of the cycle, and hopefully others consider those thoughts of the coming months and years.

        • On August 10, 2019 at 7:42 pm,
          Excelsior says:

          As I wrote yesterday, I did trim 1/3 of my Brixton position on the up-move the end of last week, but still have 2/3 of the position in place. I’m going to work on sitting on my hands on that portion, 🙂 but also deployed those profits into other stocks that I see great potential in as well. I mentioned earlier in the year that I had averaged down in BBB a few times, and that once I had my head above water that I wanted to reduce the overall position size in my portfolio.

          Again, your advice on how to play things moving forward was well-received and I’m interested in watching how you interpret some of the charts moving forward in this cycle.

          BTW – This line of yours is worth repeating: “don’t underestimate the speculative interest that is still to come. Despite the moves so far, it is early and I see virtually no “froth” in the miners based on how they’re trading.”

          Ever Upward!

          • On August 10, 2019 at 9:15 pm,
            Matthew says:

            What constitutes selling “too much” is of course, arbitrary and personal but I don’t assume for a second that your 1/3 is too much. And if Brixton shoots up another 50% from here without a breather, why not sell 25% more to end up with half of your original position? My point was that we should have enough to matter for the last stages of the bull market. If it goes the way I think it will, you might be thrilled to have 10% as the top approaches.

            I’m convinced that 2016 was just a warm-up and that this move will not end the same way or result in a similar multi-year decline. Those who aren’t so convinced will probably need to sell more aggressively.

            We haven’t seen anything yet but a correction is coming and probably soon (maybe tomorrow, maybe 1 to 3 weeks).

          • On August 10, 2019 at 10:34 pm,
            Excelsior says:

            Yes, I believe in keeping core positions in place at all times in a bull market, but when a stock has really climbed, and grown in my portfolio, then I take a few chips off the table to redeploy into other miners that may have further to run in the short to medium term.

            For example, one of the best gold stocks I’ve been in the last 2 years has been (KNT) K92 mining, but I’ve started trimming some of the gains here as there are other stocks I expect to wake up. I still have about 50% of the position at this point for exposure, and do expect it to go higher in this bull market.

            Another example is the surge in (SCZ) Santacruz Silver the last few months. I’ve trimmed back a little less than 1/3 of that position this last week. It has had one hell of an initial move up, and there is never shame in booking profits. However,
            missing profits by exiting an entire position is a rough experience as well, so I left about 2/3 of the position in place for the big picture. I believe SCZ is still ultimately going much higher as Silver prices are going much higher, but felt moving some gains out and into some other names that look prospective for the short term was the approach to take.

            Yes, I’m convinced that 2016 was just the first wave, and my thinking is quite similar to Jesse’s in this respect.
            > I saw late 2015 into Aug 2016 as the initial impulse Wave 1 in the new bull trend.
            > Then the 2 1/2 year period of sideways to down consolidation was Wave 2
            > Next, the new impulse leg that started really last Dec but since that had retraced back most are using from this May as the beginning of Wave 3.
            There will be some corrective backing and filling, and then a charge even higher. I expect the higher figures for Gold will surprise some and disappoint other before this 3rd leg is finished, but that won’t be the end of the move.
            > Then a larger corrective move down will be Wave 4, and bulls will think the run is over, but will be incorrect.
            > Then the final leg higher will ensue into a Wave 5 blow-off top
            (this would be 2 years out, or longer).

        • On August 10, 2019 at 9:10 pm,
          Matthew says:

          Thanks for that Ex, and I thank you along the same lines.

        • On August 10, 2019 at 11:47 pm,
          Chris from Aus says:

          I echo those words Ex
          I really enjoy Matthew’s perspective and thank him for sharing his insights and views.

          Now to support Matthews view, have a look at the link/chart below
          This is the Aussie Gold index over the last 5 years UP around 4 times!

          https://www.asx.com.au/prices/charting/?code=XGD&compareCode=&chartType=LINE&priceMovingAverage1=&priceMovingAverage2=&volumeIndicator=BAR&volumeMovingAverage=&timeframe=daily

          Then theres individuals names eg NST…market cap now close to $9B AUD Up close to 7 times in those 5 years

          cheers Gents
          Chris

      • On August 10, 2019 at 9:54 pm,
        cfs says:

        I know nothing about the quality of Brixton’s management or land package.

        However, I hate warrants, because of their deleterious effect on share price, and when I read:

        Finders’ fees of $337,747.16 and 1,857,442 finder warrants were paid to Red Cloud Klondike Strike Inc. and $30,771.72 and 170,954 finder warrants were paid to Leede Jones Gable Inc., in connection with the private placement. The finders were paid commissions comprising a cash fee in the aggregate amount of $368,518.58 and were issued an aggregate of 2,028,396 finders warrants.

        Three insiders of the company participated in the private placement in the amount of 300,000 units and 22,727 FT shares. Participation by insiders constitutes a related party transaction as defined under Multilateral Instrument 61-101. The issuance of securities to the related party is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority shareholder approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(b) of MI 61-101.

        the words “Barge pole” come to mind.

        • On August 11, 2019 at 10:10 am,
          Dick Tracy says:

          CFS, this is a junior exploration company, you probably think they should have cashflow and dividends. “Get a life”, other than posting comes to mind! DT

          • On August 11, 2019 at 11:11 am,
            cfs says:

            Dt, Have you ever studied in depth how many stockbroking institutions (especially Canadian) use warrants and shorting to cripple mining companies, while the stockbrokers gain great wealth?

  2. On August 10, 2019 at 7:20 am,
    Excelsior says:

    Hedge Funds Go All In on Gold as ‘Currency Wars’ Lift Haven Buys

    By Justina Vasquez – August 9, 2019

    “Gold’s spectacular rally is just getting started if hedge funds have their way.”

    “Prices are already at the highest in more than six years, and Goldman Sachs Group Inc. and Citigroup Inc. predict bullion could climb more than 6% to $1,600 an ounce in as little as six months. Money managers are going all in, raising their wagers on a rally to the highest since 2016.”

    https://www.bloomberg.com/news/articles/2019-08-09/hedge-funds-go-all-in-on-gold-as-currency-wars-lift-haven-buys

    • On August 10, 2019 at 7:52 am,
      Excelsior says:

      Gold-backed ETFs maintain strong momentum in July

      Jackson Chen | August 8, 2019

      “According to the World Gold Council’s latest data, net inflows totaled $2.6 billion across all regions during the month, bumping total gold holdings up by 52 tonnes to 2,600 tonnes — the highest level since March 2013. The additional net inflow equates to a 2% monthly rise in global assets under management (AUM).”

      “Economic concerns, trade tensions and geopolitical risks were among the main factors pushing gold prices and demand for gold ETFs up. The price of gold denominated in US dollars increased by 1.3% in July, while in many other currencies the price hit all-time highs (Indian rupee, Australian and Canadian dollar, British pound and Japanese yen).”

      https://www.mining.com/gold-backed-etfs-maintain-strong-momentum-in-july/

      • On August 10, 2019 at 7:55 am,
        Excelsior says:

        China fixes its Yuan midpoint at 7.0136 per Dollar, setting it weaker than 7 for the second time this week

        Aug 8 2019

        https://www.cnbc.com/2019/08/09/chinese-yuan-peoples-bank-of-china-sets-midpoint-at-7point0136-per-dollar.html

        • On August 10, 2019 at 7:59 am,
          Excelsior says:

          Gold Prices – The Next Five Years

          August 8, 2019 by Gary Christenson

          “Comex paper gold contracts closed on Wednesday, August 7, at $1,513, up from $1,274 on May 22. Gold bottomed at $1,045 in December 2015. The S&P 500 Index closed at a new all-time high on July 26.”

          What Happens Next?

          “We don’t know. Gold has disappointed for years, but central banks must “inflate or die.” Expect more QE, lower interest rates and excessive political and central bank manipulations.”

          https://deviantinvestor.com/10921/gold-prices-the-next-five-years/

          • On August 10, 2019 at 8:02 am,
            Excelsior says:

            Is the Federal Reserve losing control of the Gold price?

            August 7, 2019 – Paul Craig Roberts

            https://www.paulcraigroberts.org/2019/08/07/is-the-federal-reserve-losing-control-of-the-gold-price/

          • On August 11, 2019 at 8:53 am,
            Excelsior says:

            Gold As Geostrategic Asset: The Once And Future King?

            August 9, 2019 – Geopolitical Monitor

            “… during periods of geopolitical turmoil, economic uncertainty, and financial volatility, gold is typically seen – by nation-states, financial entities, banking institutions, and private individuals – as an asset that turns out to be useful to hedge unpredictable risks. Hence, it can act as a protective shield when it comes to preserving value.”

            “Furthermore, gold – along with silver – has been employed as a monetary component in literally countless historical contexts because it meets several criteria: it is portable, enduring, scarce, malleable, reliable, and universally accepted. Not surprisingly, renowned goldsmiths frequently became bankers. This reveals that several cultures have reached similar conclusions concerning gold’s intrinsic utilitarian value and symbolic meaning. Moreover, unlike fiat currencies, gold cannot be endlessly printed.”

            https://www.eurasiareview.com/09082019-gold-as-geostrategic-asset-the-once-and-future-king-analysis/

    • On August 10, 2019 at 8:44 am,
      Excelsior says:

      Gold Surges Above $1500, Touches Former Support From 2011-2013

      by @Goldfinger – 7 Aug 2019

      https://ceo.ca/@goldfinger/gold-surges-above-1500-touches-former-support-from-2011-2013

      • On August 10, 2019 at 8:44 am,
        Excelsior says:

        David Skarica – A Huge Bull Move for Gold Over the Next 5-10 Years

        by @PalisadeRadio on 8 Aug 2019

        https://ceo.ca/@palisaderadio/david-skarica-a-huge-bull-move-for-gold-over-the-next-5-10-years

        • On August 10, 2019 at 10:06 pm,
          Excelsior says:

          Brent Cook: Gold is Rising, Don’t Make This Mistake

          Investing News – Aug 8, 2019 #Video

          “The gold price is on the rise, but Brent Cook, co-editor of Exploration Insights, wants investors to remember they still need to do their due diligence on exploration stocks. ”

          https://www.youtube.com/watch?v=5XbONyyaWbk

          • On August 10, 2019 at 10:14 pm,
            Excelsior says:

            Rob McEwen: “Hold On” for What’s Ahead for Gold

            Investing News Network – Aug 9, 2019 #VIDEO

            “Chairman and 22 percent owner of (MUX) McEwen Mining Rob McEwen said in an interview with the Investing News Network that he expects gold to go further in 2019.”

            https://www.youtube.com/watch?v=4i5LD1j80Q0

          • On August 11, 2019 at 11:19 am,
            Excelsior says:

            Randy Smallwood: There’s Only One Thing Holding Precious Metals Back

            Investing News Network – Aug 8, 2019

            Gold and silver prices are on the rise, with gold nearing US$1,500 per ounce and silver comfortably above US$16 per ounce. But are those levels sustainable? #SNRS19

            According to Randy Smallwood, president and CEO of Wheaton Precious Metals, the answer is yes. “I think it is, I think we’re only seeing the start of a movement,” he said on the sidelines of the Sprott Natural Resource Symposium.

            “We’re setting record precious metal prices in so many currencies — or gold specifically in so many currencies around the world — it’s just the US dollar that’s so strong right now. And I just don’t see that US dollar strength continuing. So I think it bodes very well for precious metals for a long time.”

            https://youtu.be/Ib5fo7sj444?t=5

          • On August 12, 2019 at 1:55 am,
            Excelsior says:

            Mako Mining Provides Corporate Update

            by @newswire on 9 Aug 2019

            “Mako Mining Corp. (TSXV: MKO) is pleased to provide an update on its recently completed rights offering; progress at its fully-permitted San Albino project in Nueva Segovia, Nicaragua where we are developing a high-grade open pit gold mine next year; the closing down of its La Trinidad mine in Sinaloa, Mexico; and management and board changes, including the appointment of Akiba Leisman, formerly Interim CEO, as CEO of Mako.”

            “On July 23rd, Mako completed a fully subscribed $27 million rights offering to fund the majority of construction capital for San Albino. Affiliates of Wexford Capital LP (“Wexford”) purchased 72% of the financing, with strong support from existing shareholders. Wexford currently owns approximately 55.3% of the issued and outstanding shares of Mako, and we believe our shareholder base is fully supportive of our strategy to advance the San Albino project into production.”

            https://ceo.ca/@newswire/mako-mining-provides-corporate-update-751b0

    • On August 11, 2019 at 8:58 am,
      Excelsior says:

      The Gold Bull Market Is Here

      Second Quarter 2019 Goehring & Rozencwajg
      Natural Resource Market Commentary

      – The Gold Bull Market is Here
      – What Catalyst Will Finally Kill the Bear?
      – 2019 Q2 Natural Resource Market Commentary
      – Stranger Things: Do Anomalies Signal the Waning Days of a Bear Market?
      – Heading into a Tight Second Half: Implications for the Oil Market
      – Our Neural Network Makes a Startling Prediction
      – The Biggest Story No One Talks About: Aramco Reserves Post 2077
      – Will This Natural Gas Bear Market Ever End?
      – Copper Supply Takes a Hit
      – Musings on the Gold Bull Market Few Saw Coming

      https://cdn2.hubspot.net/hubfs/4043042/Commentaries/2019%20Q2%20Commentary%20+%20Graphics/2019.Q2%20Goehring%20&%20Rozencwajg%20Market%20Commentary.pdf

  3. On August 10, 2019 at 7:55 am,
    Silverdollar says:

    “$1700 is coming.” What else does one need to know. IMO it’s not the time to get cute and try to trade the $20 moves………it really hurts I would guess to get your head handed to you…………
    Thanks for the show, Cory.

    • On August 10, 2019 at 8:21 am,
      cfs says:

      While the TREND in gold or silver price may be set by supply and demand, the actual price on any given day or even week is NOT determined by supply and demand, it is determined BY MANIPULATION.
      THUS SHORT TERM TRADING in gold or silver is a game for FOOLS (who will probably lose) or INSIDERS (such as JPMorgan, that had never had a losing day at one point in history).

    • On August 10, 2019 at 2:53 pm,
      OOTB Jerry says:

      I would have to agree with both you guys……..

  4. On August 10, 2019 at 7:57 am,
    Anders from Copenhagen says:

    Great show, Cory!

  5. On August 10, 2019 at 8:07 am,
    SilverDollar says:

    Anybody own the Aussie, PMNXF? If you have some spare cash, I would invite all to check out a monthly chart on this miner. I would think Doc would appreciate the looks of what it says. Also, Matthew, what are your thoughts? Also Ex.

    • On August 10, 2019 at 8:32 am,
      cfs says:

      Perseus Mining Limited: Activity Report For June 2019 Quarter
      GlobeNewswire – Wed Jul 17, 5:40PM CDT
      Perseus Mining Limited (“Perseus” or the “Company”) (TSX & ASX: PRU) reports on its activities for the three month period ended June 30, 2019 (the “Quarter”). An executive summary is provided below. However, full details of activities in the June Quarter, including reconciled production and all-in site cash costs, are included in the Company’s June 2019 Quarterly Activity Report released to the market on July 18, 2019. The full report is available for download from http://www.perseusmining.com,

    • On August 10, 2019 at 8:38 am,
      Excelsior says:

      Hi SilverDollar – I follow the West African Gold scene fairly closely and think Perseus is a solid company and that their acquisition of Amara a few years back was under-rated, but they had a few operational hurtles in the past, and I haven’t really looked at them recently to see if they’ve worked through all that. I’m just becoming less of a fan of aussie companies with over a billion shares out as it is harder for them to have as much torque to the upside. I got burnt bad with Blackham Resources for that same reason.

      For producing companies operating in West Africa near Perseus – I’d rather own Teranga (whose acquisition of Gryphon was even better) or Roxgold.

      I also own Hummingbird (which has had a number of challenges too) but see it as a “fixer upper” turn around story. I’m steering clear of Avesoro for now though as they’ve been a mess for years.

      For a development project, the stand out winner in West Africa is Orezone, and I believe eventually they’ll get bought out and they’ve got an economic mine on their hands. I also like Sarama Resources as a mineral bank with properties all around Teranga, Roxgold, Perseus, Semafo, and B2Gold.

      There is lot of info we share in the West Africa room over at ceo.ca:

      https://ceo.ca/westafrica

    • On August 11, 2019 at 1:04 pm,
      RICHARD/DOC says:

      Silver, you’re right about PMNXF. I wish I owned some. Most impressive is the monthly chart—it appears it is just getting started and has a long way to run.

      • On August 12, 2019 at 7:54 am,
        Silverdollar says:

        Agreed. Bought my holdings at .$297 a while back. Yes, I’m betting on $3.00 minimum. Guess you must know where I learned to look at monthly charts. Thanks for the technical tips you’ve handed out over the years………..

    • On August 12, 2019 at 8:13 am,
      Matthew says:

      That’s one heck of a base to launch from and it does look like it has a long way to go. The quarterly chart also looks great and sports an RSI(14) of just 51.54.
      Looking at the “volume by price”, it could go to the 1.50 area very quickly once it clears 73 cents. Virtually no previous trading took place in that span.

    • On August 12, 2019 at 8:16 am,
      Matthew says:

      Congrats on your price, btw.

  6. On August 10, 2019 at 8:25 am,
    Excelsior says:

    Keith Neumeyer – Big Institutional Money is Moving Back into Silver

    by @PalisadeRadio on 10 Aug 2019

    “We talked about the early days of building First Majestic Silver, the silver market today, and the potential for silver over the next few years.”

    https://ceo.ca/@palisaderadio/keith-neumeyer-big-institutional-money-is-moving-back-into-silver

    • On August 10, 2019 at 8:47 am,
      Excelsior says:

      Just looking back at the last 3 months for quick snapshot of how the sector has been doing Silver miners have been rather peppy. Just think what will happen when Silver gets up in the $18-$20+ price levels again.

      __________________________________________

      3 Month #Chart – Senior Silver #Producers

      $FR $CDE $SSRM $PAAS $WPM $HOC.L $SMT $FRES.L $HL

      http://cdn.ceo.ca/1ekshro-SR%20Silver%20Producers%203%20Month%20Returns.JPG

      • On August 10, 2019 at 8:48 am,
        Excelsior says:

        3 Month #Chart – Junior Silver #Producers

        $SCZ $USAS $IPT $SVM $ASM $FSM $EXN $EXK $BHS $GGD $GPR $MYA

        http://cdn.ceo.ca/1ekshtl-JR%20Silver%20Producers%203%20Month%20Returns.JPG

        • On August 10, 2019 at 8:49 am,
          Excelsior says:

          3 Month #Chart – Junior Silver #Developers

          $SVE $LVN $SIL $SBR $AXR $BCM $ABRA $MSV $SVB $SSV $MAG $KTN

          http://cdn.ceo.ca/1ekshv7-JR%20Silver%20Developers%203%20Month%20Returns.JPG

          • On August 10, 2019 at 8:49 am,
            Excelsior says:

            3 Month #Chart – Junior Silver #Developers & #Explorers

            $DSV $SPD $DEF $SSE $REX $PSL $GPLY $DV $MMG $NUAG $BTT $KS

            http://cdn.ceo.ca/1eksi0f-JR%20Silver%20Developers%20and%20Explorers%203%20Month%20Returns.JPG

          • On August 10, 2019 at 3:16 pm,
            TAD says:

            Great bar charts Ex !
            If I remember correctly, Hochshild & Bear Creek went bonkers in 2016.
            350%-450%+ gains (@ $21 Silver) over 6 months. I probably just got lucky with timing ..but they certainly stood out back then.
            I must remember to sell this time 😳
            Silvercrest has been looking good recently. Im surprised MAG hasn’t jumped more …

          • On August 10, 2019 at 7:08 pm,
            Excelsior says:

            Hi Tad – thanks and good to hear from you.

            Yeah, most silver stocks went bonkers in 2016, but yes Bear Creek had a nice run. Silvercrest was the top performer in 2016, and they’ve continued to outperform the sector for the last few years due to their continued drill success.

            I don’t follow Hochschild or MAG as much, but track their price movement on my watchlist indexes, and how they move in relation to other companies. Neither is typically a top performer, compared to some of the smaller Jr companies or even companies like First Majestic or Coeur.

            MAG is a solid development-stage company for sure, but a much larger project, just like Bear Creek, and that takes bigger funds to get it into production. MAG has also held onto it’s value during corrective moves down much better than a number of the smaller nano-cap stocks that outperformed on the downside, and are now outperforming on the upside.

            Personally, I’ve got a basket of Silver stocks more weighted to the medium and small producers, (Silvercorp Metals, First Majestic, Americas Silver, Endeavour Silver, Avino Silver, Excellon Resources, Impact Silver, Santacruz Silver and Bayhorse Silver); but I do hold some Silver Developers (Alexco Resource corp, Kootenay Silver, and AbraPlata), and some Silver Explorers (Dolly Varden Silver, Metallic Minerals, Orex Minerals, and Klondike Silver).

            There are also other Gold and Zinc companies I hold that have nice Silver credits like McEwen Mining, Mandalay Resources, Sabina Gold & Silver, Brixton Metals, Trevali Mining, Zincx Resources, Tinka Resources, etc….

            Other Silver stocks that have done well recently that I follow, but don’t own, are GoGold Resources, Silver One, Defiance Silver, Levon Resources, Silver Bear, Discovery Metals, Silver Predator, Silver spruce, Goldplay Exploration, and Minco.

            Whatever Silver stocks folks position in for this cycle, may everyone’s investing be prosperous.

          • On August 10, 2019 at 7:45 pm,
            Excelsior says:

            Tad – Yes, at $21 Silver, these miners will really go on a tear. Looking foward to it!

  7. On August 10, 2019 at 10:07 am,
    Joe says:

    Novo is looking like a big go-nowhere story. They can keep pushing things out and saying “it’ll take more time” and other such excuses. They need to come out with a game plan.
    Getting tired of hearing the pie-in-the-sky story. The longer they drag this thing out the more likely investors are going to abandon the stock.

  8. On August 10, 2019 at 2:01 pm,
    Matthew says:

    SLV breakout and first weekly close above the 233 week MA in over 6 years…
    https://stockcharts.com/h-sc/ui?s=SLV&p=W&yr=3&mn=11&dy=0&id=p68886459632&a=649322644

  9. On August 10, 2019 at 2:18 pm,
    Tad says:

    Great show guys…Thanks, as always!
    Looks like we are finally getting some action in the stocks. Phew !
    This could get really good 🤩
    I think we all deserve it after nearly 3 years of frustration …

    • On August 10, 2019 at 7:21 pm,
      Excelsior says:

      +3

  10. On August 10, 2019 at 2:20 pm,
    Roger MacDonald says:

    Excelsior is a genuine treasure. Let us just say, “easily worth the price of admission”!

    • On August 10, 2019 at 7:13 pm,
      Excelsior says:

      Thanks Roger. I appreciate the kind words and really enjoy the exchange of ideas on here at the KER.

      It has been fun & profitable to have the precious metals moving with a bit more conviction lately and to see the miners trade higher on higher volumes. Cheers!

  11. On August 10, 2019 at 2:25 pm,
    Matthew says:

    Gerald Celente says: “At this point I am forecasting gold is going to go up much faster than it is going to go down, and this has nothing to do with global trade wars or tariffs. It has to do with a global slowdown.”

    And he’s right, this has nothing to do with global trade wars or tariffs.

    https://kingworldnews.com/one-of-gerald-celentes-best-interviews-of-2019-has-now-been-released/

  12. On August 10, 2019 at 2:27 pm,
    Roger MacDonald says:

    OOPS, sorry! I certainly didn’t mean to imply what my “worth the price of admission” comment might suggest, since this is a free-admission site!!. Let me just rephrase: “Excelsior is worth his weight in GOLD!!.” If you agree with me, and haven’t already done so, go to CEO.ca where he contributes regularly. I check it daily!!

    • On August 10, 2019 at 2:55 pm,
      OOTB Jerry says:

      Both Matthew and Ex……..Have been great contributors …….FOR YEARS>>>>>

      • On August 10, 2019 at 7:20 pm,
        Excelsior says:

        Thanks OOTB. You’ve been a great contributor for years as well sir. Agreed 100% on Matthew as well as tons of other posters here. A really great cast of characters here over the years.

        • On August 11, 2019 at 11:01 am,
          OOTB Jerry says:

          Thank you ….Sir……

      • On August 10, 2019 at 8:42 pm,
        Dick Tracy says:

        Yes Jerry, Matthew and Ex, one can’t say enough about your great contributions to The Ker Report. Good Work to you both, and may we all have a very prosperous year, I think we will. DT

        • On August 10, 2019 at 9:14 pm,
          Excelsior says:

          Much appreciated DT. Yes, may the good folks here have a prosperous year!

          • On August 11, 2019 at 10:57 am,
            Excelsior says:

            DT – Check out Doug Casey’s rant on the coming of technological breakthroughs, towards the end of this commodities discussion. Right in your wheelhouse.

            Doug Casey: Get Ready for an Explosive Rally in Mining Stocks

            https://youtu.be/V_KgAp5blZQ?t=550

        • On August 10, 2019 at 9:20 pm,
          Matthew says:

          Thanks Jerry and DT. To a prosperous year 🍻

          • On August 11, 2019 at 11:02 am,
            OOTB Jerry says:

            You are welcome….and ditto.

        • On August 11, 2019 at 11:40 am,
          Dick Tracy says:

          Ex, Casey is an interesting guy but he doesn’t understand the full implication for humans with this new robotic life that is being visited upon us. The self generating effect of technology in the form of Artificial Intelligence will turn humans into tenpins ready to knock one another over as they fall. Each employee thrown out of work increases the potential power of technology. The end game will be robotic life replacing humans not enhancing our existence. DT

    • On August 10, 2019 at 7:19 pm,
      Excelsior says:

      Ha! Thanks Roger. Yeah, my thoughts may or may not be helpful for folks here, but they are 100% free. 🙂

      Yes, ceo.ca also has some great posters, informative threads, fast news release service, great articles and editorials from community contributors, and the tagging process allows one to search macro topics or company specifics very easily. Another great hub of activity.

  13. On August 10, 2019 at 7:49 pm,
    johnnygeneric says:

    The dollar isn’t finished rising yet. It could reach as high as 105 on the DXY. Jesse could be right, but I don’t think he is.

  14. On August 10, 2019 at 7:51 pm,
    johnnygeneric says:

    Gold will not hit 1700. It will get to about 1550. Jesse could be right, but I don’t think he is.

  15. On August 11, 2019 at 11:36 am,
    Excelsior says:

    3 Must See Gold Charts

    by @Goldfinger on 11 Aug 2019

    https://ceo.ca/@goldfinger/3-must-see-gold-charts

    • On August 11, 2019 at 12:13 pm,
      SilverDollar says:

      Thanks Excelsior. Those charts are keepers! Thanks also for your comments on PMNXF and your daily input which I find invaluable.

      • On August 11, 2019 at 4:07 pm,
        Excelsior says:

        Yes, great to share ideas here and right back atcha SilverDollar. I appreciate your comments, questions, and insights shared here as well. Ever Upward!

  16. On August 12, 2019 at 6:53 am,
    Matthew says:

    Kootenay Announces Drill Results Confirming Shallow, High Grade Silver Mineralization on Columba Silver Project, Mexico
    http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190812:nCNW8XSNJa