Exclusive Comments from Marc Chandler – Mon 9 Sep, 2019

The World Just Took A Step Back From The Financial Edge

With all the fear in in markets around the world it seemed like we were at the edge of a cliff. After the bounce in markets and yields globally there might be a sense of calm. Marc Chandler and I recap how the trading last week impacts the overall fear in the markets.

Click here to visit Marc blog – Marc To Market.

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Comments:
  1. On September 9, 2019 at 9:20 am,
    b says:

    RIP Barbara Moriarty: It is with the greatest regret…
    Bob Moriarty
    Sep 9, 2019

    It is with the greatest regret that I say that my darling wife of twenty-nine years, Barbara Moriarty, had a massive heart attack this morning and died. She was the genius of 321gold. She leaves me, her daughters and grandchildren heart broken. All those who knew Barbara loved her. She will be greatly missed.

    Bob
    Sep 9, 2019

    • On September 9, 2019 at 9:32 am,
      Ronald Bennett says:

      prayers

    • On September 10, 2019 at 11:57 am,
      Commentor says:

      Condolences, Bob. Will put in a prayer for you and the family.

    • On September 10, 2019 at 7:28 pm,
      Patrick Walker says:

      So sorry Bob, that’s a big moment Man, be strong, of course, easy to say, very difficult to do. Love Your column all the time,,,,,,,, This is a tough row to how

  2. On September 9, 2019 at 9:46 am,
    james says:

    My condolences ! Bob !

  3. On September 9, 2019 at 9:51 am,
    Marco says:

    May God will help you in this sad moment,Bob.

  4. On September 9, 2019 at 10:04 am,
    irishtony says:

    BOB…Sorry to hear of your loss. Its a sad time for all of your family & friends .
    Try to focus on all the great & happy times , you all shared together.
    So long as you all keep HER, in your hearts & mind , SHE will always be with you all.

  5. On September 9, 2019 at 10:06 am,
    CFS says:

    My sincerest condolences.

  6. On September 9, 2019 at 10:15 am,
    OOTB Jerry says:

    My deepest sympathy & regards, Bob Moriarty, for your dearest loss this weekend of your spouse& partner.

    Reply to this comment
    On September 9, 2019 at 5:21 am,
    Excelsior says:
    Bob M. – my sincere condolences for the loss of your partner and best friend.

    Our thought and prayers are with your family today.

    http://www.321gold.com/editorials/moriarty/barbara090919.html

    Reply to this comment
    On September 9, 2019 at 5:24 am,
    OOTB Jerry says:
    I AM POSTING THIS WITH RESPECT………………
    OUR PRAYER go out to Bob in this time of loss……..
    May God be with you and your family Bob……
    RIP Barbara Moriarty: It is with the greatest regret…
    Bob Moriarty
    Sep 9, 2019

    It is with the greatest regret that I say that my darling wife of twenty-nine years, Barbara Moriarty, had a massive heart attack this morning and died. She was the genius of 321gold. She leaves me, her daughters and grandchildren heart broken. All those who knew Barbara loved her. She will be greatly missed.

    Reply to this comment
    On September 9, 2019 at 6:12 am,
    Matthew says:
    Bob, I am very sorry for your loss.

    Reply to this comment
    On September 9, 2019 at 5:57 am,
    Dick Tracy says:
    Bob M, I just read the sad news of your wife’s passing, sincere sympathy’s. DT

    Reply to this comment

    • On September 9, 2019 at 10:24 am,
      OOTB Jerry says:

      sorry marty…did not mean to exclude your comment…you were the first to notice……..
      On September 9, 2019 at 4:45 am,
      Marty says:
      My deepest sympathy & regards, Bob Moriarty, for your dearest loss this weekend of your spouse& partner.

      • On September 9, 2019 at 11:29 am,
        Wolfster says:

        Condolences to you and your family Bob.

    • On September 9, 2019 at 1:32 pm,
      Excelsior says:

      OOTB – Thanks for bringing our comments over from the other blog.

      I’m bringing over some of the kind posts from ceo.ca in a show of support for the Moriarty family, to let Bob and his family know they are on many people’s hearts and minds today. Wishing them all the best in the grieving and healing process.

      ________________________________________________________

      @Blackpine Best regards and prayers to Bob and the Moriarty family in this very sad day!
      (25 others supported this post)

      @HHorseman – “Very sad to hear about Barbara :(”
      (13 other supported this post from Erik)

      @docdoc – “@fingerprint42 (Bob’s handle over at ceo.ca), sorry for your loss”
      (23 other supported this post)

      @grip – “@Fingerprint42 Our prayers go out for you and the family Bob…”
      (25 others supported this post)

      @stockhouse123 – “I am very sorry to hear about your wife’s passing. Bob, sorry for your loss.”
      (6 others supported this post)

      @Freddybaler001 – “Oh my; my sincere condolences @fingerprint42″
      (6 others supported this post)

      @GoNovo2014 – Very sorry to hear the sad news of Bob Moriarty’s loss of his beloved wife and 321gold.com partner from a massive heart attack this morning. I have been a reader of their websites since 2007. Thank you Bob & Barbara. ”
      (24 others supported this post)

      http://www.321gold.com/editorials/moriarty/barbara090919.html

  7. On September 9, 2019 at 10:17 am,
    OOTB Jerry says:

    Brought these forward from the earlier section…….

  8. On September 9, 2019 at 11:17 am,
    markedtofuture says:

    Bob M. thoughts and prayers are with you in these trying times.

  9. On September 9, 2019 at 11:34 am,
    RICHARD/DOC says:

    Bob, it’s tough to put into words my feelings at this time for you. It’s life’s hardest moment when you lose someone that fills your heart with love. Doc.

  10. On September 9, 2019 at 12:22 pm,
    Bonzo Barzini says:

    This is very sad news, Bob. I join all your friends at kereport in sending my deepest sympathy today.

  11. On September 9, 2019 at 12:52 pm,
    Norm Gibbons. says:

    My condolences Bob. Recently I lost my wife of 55 years. As a suggestion, allow the grieving process to take its natural course.

    • On September 10, 2019 at 1:01 pm,
      Robert Moriarty says:

      Thank you gentlemen for the kind thoughts. Even when you are pretty sure it is coming it still came as a shock. My house is so empty and I have no one to hold hands with. I miss that more than anything.

      • On September 10, 2019 at 4:52 pm,
        Excelsior says:

        You have a community that cares about you Bob M, and a loving family, so you are not alone.

        That won’t change the silence in the home or the loss of touch from a loving partner, but there are many people that care about you, and it is natural and healthy to grieve. I’m so sorry for your loss and there is nothing anyone can say to fill that void, but you can decide to still be a light in the world and draw strength from your family and community.

        All the best!

  12. On September 9, 2019 at 6:12 pm,
    John Hatzidakis says:

    To every thing there is a season, and a time to every purpose under the heaven: Bob prayers to you and your family, may her memory be eternal .

  13. On September 10, 2019 at 2:18 am,
    Excelsior says:

    I’m surprised there wasn’t more market buzz about this latest investment from #Sprott into $USAS which allows them to optimize their Galena operations in #Idaho that needed an overhaul and new equipment. It appears to be a synergistic JV for both parties.

    > (USAS) (USA) Americas Gold and Silver Announces Strategic Joint Venture with Mr. Eric Sprott at the Galena Complex
    September 9, 2019 #Silver #Zinc #Lead

    https://www.americas-gold.com/news-releases/2019/americas-gold-and-silver-announces-strategic-joint-venture-with-mr-eric-sprott-at-the-galena-complex/

    “The strategic joint venture – expected to be 60/40 Americas/Sprott respectively – will allow Americas to increase #development, modernize infrastructure, purchase new mining equipment, and target #exploration below current operating areas with the goal of positioning the Galena Complex to significantly increase resources, #production, and reduce operating costs at the mine over the next two years.”

    “We are thrilled to partner with Eric Sprott on this joint venture. He is already the single largest shareholder in Americas; with this new venture, we are further solidifying our relationship with him”, said Darren Blasutti, President and CEO of Americas Gold and Silver. “We look forward to putting his significant investment into developing the Galena Complex to benefit all our stakeholders in the coming months and transforming the Galena Complex into a leading US-based, profitable silver producer.”

  14. On September 10, 2019 at 2:36 am,
    Excelsior says:

    (PGM) (LRTNF) Pure Gold Awards Engineering and Procurement Contracts, Builds Owners Team, and Commences Construction of its 100% Owned Madsen Gold Mine

    September 09, 2019

    With the engagement of our engineering partners, the Company has commenced construction. Detailed design work on surface infrastructure, as well as underground electrical distribution, mine ventilation, mine service design and stope optimization has been initiated, as well as equipment sourcing and the procurement of long lead time items.

    “Today we hit yet another key milestone on our road to near term cash flow,” stated President & CEO, Darin Labrenz. “I am incredibly proud of our team for what they have accomplished over the last five years. Madsen began as an exploration concept in late 2014, and has evolved into a multi-million ounce gold deposit that is now under construction as Canada`s highest grade gold development project.1 Along the way, the team has hit every milestone we set: from first resource estimate, to early conceptual studies, through a comprehensive feasibility study, an agreement with our First Nation partners, and now a fully funded financing package. Today, as we commence construction, our project is perfectly timed to benefit from a rising gold market, and looks set to generate well over C$800 million in cumulative pre-tax cash flow with gold currently near C$2,000 per ounce.”

    • On September 10, 2019 at 2:40 am,
      Excelsior says:

      Oops! – Here’s the link to that PGM press release above. It is nice to see Pure Gold finally moving into construction at Canada’s next Gold producer. This company is still cheap when one consideres the ounces in the ground, the jurisdiction, the huge mine towards one side, and the hottest exploration story on their other side.

      Like most Developers, PGM has been in the boring “orphaned” phase of the mining cycle, where investors are off chasing shiny objects with hope&pray drillplays, or Producers monetizing the higher metals prices. However, as Pure Gold Mining gets closer to production, more eyeballs may start following the project during their “Golden Runway”.

      http://puregoldmining.ca/news/pure-gold-awards-engineering-and-procurement-contracts-builds-owners-team-and-commences

      • On September 10, 2019 at 2:48 am,
        Excelsior says:

        The other topic that is still not getting enough focus in the Precious Metals mining space, is how many development stage projects used much lower Gold and Silver Price assumptions the last few years, and those old metals assumptions and associated economic studies need to be thrown out the window.

        There is a huge difference in the NAV in these projects at $1500 Gold versus $1200 Gold, and most investors or analysts are not really re-rating these projects up where a move of $300 in the last few months should have moved them. For goodness sakes, some of these companies moved up more in 2016 based on $1370’s Gold than now when Gold got up into the $1550s.

        There seems to be a huge disconnect in the Gold & Silver price increases, and the very muted response from the miners. Nowhere is this more glaring than in the development stage companies with plans to go into production in the next 1-2 years.

        • On September 10, 2019 at 2:50 am,
          Excelsior says:

          Mark O’Dea, chairman and founder of Oxygen Capital, which has four exploration-stage companies, including Pure Gold Mining (TSXV: PGM; LON: PUR) and Liberty Gold (TSX: LGD), said higher gold prices will increase project valuations which, in turn, should help boost investment in companies and the industry overall.

          “The spotlight is on the sector again,” O’Dea said in an interview. “North American investors are going to wake up to the fact that there are some good opportunities here.”

          Well-known resources investor Eric Sprott has invested about $140-million in 18 exploration companies so far this year, according to the Globe and Mail, including $20-million in Oxygen’s Pure Gold Mining for a 10% stake.

          O’Dea is hoping to see more venture capital come back to the mining space, having been focussed on sectors such as marijuana for the past two-to-three years.

          “I think it’s a phenomenal time to get back into the resources sector because prices haven’t taken off, yet. They’ve bounced … but there’s still more room to go,” O’Dea said.

          https://www.northernminer.com/commodities-markets/economic-uncertainty-drives-gold-prices-higher/1003809675/

      • On September 10, 2019 at 8:18 am,
        Wolfster says:

        If memory serves me correct,abitibi has a royalty play near by this play too

    • On September 10, 2019 at 6:44 am,
      Excelsior says:

      (MUX) McEwen Mining: Exploration and Operations Update

      by @nasdaq on 10 Sep 2019

      “I am delighted with the exploration assay results we are generating this year. The geological potential of the Black Fox Complex is being clearly demonstrated. Our big exploration push has allowed us to see the opportunity to develop three new sources of production on our properties.”

      “While exploration is giving me a big smile, and production at our operations in Argentina and Mexico (representing 60% of our guidance) are delivering as planned, production at Gold Bar and Black Fox has been a big disappointment. Unanticipated natural and operational issues coupled with startup delays at Gold Bar have pushed some of its production from 2019 into 2020. At Black Fox, production has been adversely impacted by slower than planned underground development. However, site management has been making steady progress towards resolving these production issues,” said Rob McEwen, Chairman and Chief Owner.

      https://ceo.ca/@nasdaq/mcewen-mining-exploration-and-operations-update

    • On September 10, 2019 at 7:57 am,
      Wolfster says:

      Abitibi has a royalty play near this one too if I remember correctly …..

  15. On September 10, 2019 at 6:58 am,
    Excelsior says:

    (AUY) Yamana Gold Provides Exploration Update on the Canadian Malartic Mine; Announces Discovery of East Gouldie Zone

    09/09/2019

    https://www.yamana.com/English/investors/news/news-details/2019/Yamana-Gold-Provides-Exploration-Update-on-the-Canadian-Malartic-Mine-Announces-Discovery-of-East-Gouldie-Zone/default.aspx

  16. On September 11, 2019 at 6:08 pm,
    markedtofuture says:

    JUDICIAL WATCH: RECORDS SHOW DOJ EFFORT TO CRAFT RESPONSE TO REPORTS ON ROSENSTEIN WEARING WIRE, INVOKING 25TH AMENDMENT

    https://www.judicialwatch.org/press-releases/judicial-watch-records-show-doj-effort-to-craft-response-to-reports-on-rosenstein-wearing-wire-invoking-25th-amendment/

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