Craig Hemke from TF Metals Report – Thu 24 Oct, 2019

Earnings Season For Precious Metals Companies Is Off To A Good Start

Craig Hemke, Founder of TF Metals Report joins me to discuss the continued involvement of the Fed in the repo market as well as the Agnico Eagle Q3 earnings. While no one knows how it will all play out with the Fed injecting more money into the repo market it is not a good sign that it is expected to continue into next year. As for Agnico the revenue and earnings numbers were very good. This is very encouraging for the overall sector moving forward.

Click here to visit Craig’s site – TF Metals Report.

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  1. On October 24, 2019 at 12:43 pm,
    CFS says:

    I suspect that metals themselves may out perform stocks of mining companies until after tax loss selling is complete.

    The cost of money is always dependent on what is going on worldwide. The U.S. is not an island. If the rest of the world is cutting interest rates, the Fed has NO CHOICE OTHER THAN TO FOLLOW, if it wants to refinance treasuries as they mature, and sell new debt because of Government over-spending.
    DeutscheBank, JPMorgan and CitiGroup are in serious liquidity crises.

  2. On October 24, 2019 at 12:58 pm,
    CFS says:

    My statement above may not seem obvious about interest rates……Surely people will buy more treasuries and bonds if interest rates are high, not low.

    But think about where the money to buy actually comes from.

    If the piblic are tapped out, the treasuries and bonds are bought by banks; even if many are sovereign banks (central banks)
    Banks borrow short term to buy long term treasuries and bonds.
    Banks HAVE to borrow at lower and lower interest rates, so as not to go bankrupt as their earlier higher interest rate purchases mature and drop out of their portfolios.
    Banks have operating expenses and overheads. They have to make a profit or go bankrupt.
    We are in a never-ending spiral down in interest rates until:
    a. economy growth exceeds bank interest rates by several percent, or
    b. there is a reset in the money system.

    Since the U.S. is not an island, the reset could be initiated by factors not under the Fed’s control.
    Or the Fed may be able to kick the can down the road though the recession, into a period of growth again. (But I’m not holding my breath.)

  3. On October 24, 2019 at 2:37 pm,
    CFS says:
  4. On October 24, 2019 at 2:42 pm,
    CFS says:


    Great Bear Resources Ltd. intends to create, and subsequently spin out, a 2-per-cent net smelter royalty (NSR) on any potential future mineral production at the Dixie property. The NSR will initially be placed in a wholly owned subsidiary (SpinCo). The intention is for the shares of SpinCo to be distributed to the shareholders of Great Bear at a time to be determined by the board of directors. It is expected that the distribution will be completed pursuant to a plan of arrangement under the Business Corporations Act (British Columbia).

    • On October 24, 2019 at 11:18 pm,
      Excelsior says:

      Yep, mentioned hit news on GBR on yesterdays’s blog (early this morning when it broke) and point out how interesting it was that Great Bear rallied 14%+ on October 23rd —- before the news was released.

      It sure seems like the news got leaked to some big buyer(s) ahead of the press release…. some insider has loose lips.

      • On October 24, 2019 at 11:55 pm,
        Excelsior says:

        It is nice to see $Gold holding above $1500 [at the time of writing this @ $1508.60] and $Silver back above $18 [at the time of writing this @ $18.06]

      • On October 25, 2019 at 12:14 am,
        Marty says:

        I see the NSR AS A CONFIDENT ASSURANCE that Great Bear will be economically more than viable, and in the event of a takeover the company wants to protect its shareholders with some permanent benefit

        • On October 25, 2019 at 8:35 am,
          Excelsior says:

          Agreed. It is a good sign and good strategy to hang onto investors for the long game.

  5. On October 24, 2019 at 2:53 pm,
    CRAIG HEMKE says:
  6. On October 24, 2019 at 3:48 pm,
    CFS says:


    Instead of incorrect psuedo-science.

  7. On October 24, 2019 at 11:16 pm,
    Excelsior says:

    Papua New Guinea Orders China-owned Ramu Nickel Plant To Shut

    Reuters | October 24, 2019

    Ramu Nickel was ordered shut “for not adhering to remedial measures issued six weeks ago,” Jerry Garry, managing director of Papua New Guinea’s Mineral Resources Authority, told Reuters.

    “The measures were related to a slurry spill in August, local media reported. ”

  8. On October 24, 2019 at 11:24 pm,
    Excelsior says:

    E.B. Tucker – New All Time High for Gold Will Arrive Next Year

    by @PalisadeRadio on 24 Oct 2019

    “Why Gold and Silver are ready to begin a much bigger move, how to become more successful as an investor, and what he learned from resource legend Doug Casey.”

  9. On October 25, 2019 at 6:23 am,
    Ebolan says:
    • On October 25, 2019 at 6:29 am,
      Ebolan says:

      “Turd Ferguson and his band of loyal Turdites patrol this Watchtower.”

      • On October 25, 2019 at 6:58 am,
        Ebolan says:

        You’ve got to fight fire with fire!

        After all, this is a feces loving nation…just go to any West Coast city and look at the streets!

        And look at this.

        “Seattle-Area Councilman: Hosing Poop-Covered Sidewalks Might Be Racially Insensitive”

        These Fececrats believe feces have more rights than taxpayers!

        What an F’d up goooberment.

        Anyone who doesn’t hate the goooberment is a brainwashed sheeple!

        • On October 25, 2019 at 7:00 am,
          OOTB Jerry says:

          You can say that again………concerning our beloved govt……goooober pie forget the apple pie crap…..

          • On October 25, 2019 at 7:06 am,
            Ebolan says:

            Here’s what a Fececrat would say…”Now, now…there you go again with your hatred and racism…this time towards Feces…hey, feces are people to you know and they have rights…like not getting power hoses turned on them!”

          • On October 25, 2019 at 7:35 am,
            OOTB Jerry says:

            Is that anything like rinse and repeat……LOL

          • On October 25, 2019 at 8:54 am,
            Ebolan says:

            Speaking of feces…BoltOn is back again…Trump was a moron for ever getting near that cancer…maybe the 5D chess blew up in his face.

            Bolton’s Revenge: Former National Security Adviser In Contact With Impeachment Panels

  10. On October 25, 2019 at 7:31 am,
    Matthew says:

    GDX vs GLD bottomed at 2 important weekly MAs as well as the weekly Bollinger Band.
    Jordan Roy-Byrne thinks the correction hasn’t been deep enough but I think he’s wrong.

  11. On October 25, 2019 at 7:34 am,
    Matthew says:

    GDX never closed a single week above the 400 week EMA in 2016 but has done so for the last 4 months and the backtest looks complete:

    • On October 25, 2019 at 8:01 am,
      bonzo b. says:

      Matthew, I agree with you and threw caution to the wind and bought more IRVRF yesterday and more SSRM today. What does your chart tell you about SSRM? Thanks.
      Happy St. Crispin’s day to all!

    • On October 25, 2019 at 8:37 am,
      Excelsior says:

      Matthew – that is a constructive signal on staying above 400 week EMA, and shows this recent move up is even more bullish than the 2016 initial Baby Bull wave 1.

      • On October 25, 2019 at 9:03 am,
        Bonzo Barzini says:

        Excelsior, I hope you and Matthew are right as I have topped off my shares of OR, SSRM, IRVRF, and SSPXF in the last 2 weeks. I think I have enough gold and silver shares now.

        • On October 25, 2019 at 9:34 am,
          Excelsior says:

          I’m about 90% allocated to the overall position I want regarding Silver and Gold mining stocks in my portfolio, and did start a few new positions over the last few weeks.

          I’ve been disciplined in building up a bit more dry powder to top up positions in my portfolio that continue to pull back during Nov/Dec if this corrective move is as prolonged as Jordan, Doc, and David expect through year end.

          I’ve benefited for 5 years in a row by adding to positions in early-mid December and trimming them back in Feb or early March as a seasonal trend. We’ll see if it plays out again at the end of this year and moving into the Q1 Run of 2020.

          Good luck to you in your investments Bonzo Barzini.

          • On October 25, 2019 at 9:35 am,
            Excelsior says:

            The rest of the dry powder reserves are going to be used for adding to Uranium and Lithium miners over the next month or so.

  12. On October 25, 2019 at 7:41 am,
    Bonzo Barzini says:

    Matthew, I agree with you. Emboldened by my gains in OR since buying it@9.10 last week, I threw caution to the wind and bought more IRVRF yesterday@1.86, and more SSRM today@14.85 What do you think of SSRM’s chart? I bought some long ago@8 and really like its assets and management.