Hour 1 – Here’s what matters for US Markets and specific metal stock comments
This week we saw more money flow into US markets while the precious metals and bonds also rebounded. Clearly there is a mass of money still on the sidelines that is desperate to find a home. With interest rates remaining low and US economic data not falling off a cliff (although it is slowing) money managers still prefer US markets. However international markets are also extending to 52 week highs.
In this weekend’s first half of this hour we focus on the balance of money flows, with the second half of the hour focused on resource stocks. We review some recent news and some new investments our guests are making.
Please keep in touch by emailing me at Fleck@kereport.com. I love hearing from all of you and do my very best to get all your questions answered.
- Segment 1 – Trader Vic Sperandeo kicks off the show by sharing his thoughts on what is driving investors into the US markets. We also look ahead to next year and the many factors he think will drive a wide range of sectors.
- Segment 2 – Dana Lyons and I run through his outlook for US markets, bonds, metals, and even Bitcoin. Pay close attention to what Dana has to say about the balance of where he thinks money will flow.
- Segment 3 – Brien Leni joins me to share some of the recent investments he is making in resource companies and what news events are driving him to invest his money now.
- Segment 4 – John Kaiser recaps a couple major news events for Skeena Resources and Osisko Metals over the past two weeks.
Exclusive Company Interviews and Comments From This Week
Not publicized in the U.S. is that fact that dissident leaders in Hong Kong have been disappearing/killed quietly.
Apparently even using masks does not stop AI facial/head recognition.
Mid-Tier Gold Developers & Producers Offer Classic Buy Setup
by @Goldfinger on 16 Nov 2019
“After a powerful ~50% rally in the span of three months, a ~20% correction has brought the mid-tier gold producers/developers that comprise the GOEX exchange-traded fund back to previous resistance which should now serve as support. Toss in a rising 200-day simple moving average and what could be interpreted to be a bull flag pattern over the last three months and we have a solid bullish buy setup with a clearly defined risk.”
https://ceo.ca/@goldfinger/mid-tier-gold-developers-producers-offer-classic-buy-setup
#Gold Price Update – Blast Off Soon?
November 13, 2019 – iGold Advisor – Christopher Aaron
#Gold Stock Candlesticks: Bullish Action
Nov 15, 2019 – Morris Hubbartt – Super Force #PreciousMetals
Bob Moriarty: The Cure For Dishonest Money Is Honest Money
by Ceo Technician (@Goldfinger) – November 17, 2019
“As the U.S. stock market grinds higher virtually every single day the macro backdrop, whether it’s Hong Kong of Washington D.C., has rarely looked less stable. Much of the equity market stability can be credited to the central bank easing policies, however, underneath the surface exists a mountain of derivatives and the largest pile of debt that has ever existed across the global financial system. In our latest conversation, 321gold founder Bob Moriarty explains that ‘dishonest money’ is the #1 problem facing the world today and the only cure for dishonest money is honest money. Bob then proceeds to tell us what his favorite forms of honest money are, namely precious metals. The conversation also delves into Bob’s recent trip to visit Novo Resources (TSX-V:NVO) in Australia and why Lion One (TSX-V:LIO) just announced a C$10 million private placement in order to fund exploration at LIO’s 100% owned and fully permitted high grade Tuvatu Gold Project in Fiji. Without further ado here is Energy & Gold’s November 2019 conversation with Bob Moriarty…”
http://energyandgold.com/2019/11/17/bob-moriarty-the-cure-for-dishonest-money-is-honest-money/
Wealth report touting callinex again…..believe they did this a couple of years ago. Stock popped and then slowly drifted way lower. Not sure about how much it dropped since the pop as they did like a 10:1 share consolidation since then
https://mailchi.mp/wealthresearchgroup/america-is-losing-ground-fast-534457?e=2f29542649
I still have an underwater position in Callinex, and would welcome a snap, a crackle, or a pop.
My main Zinc exposure is through (TV) Trevali – they have been in the midst of a turnaround the last year and been paying down massive amounts of debt using their 4 mines in production, but the market has not seemed to pick up on this yet, or how things will move forward once that debt is paid off and they become profitable.
In addition (USAS) Americas Gold & Silver and (SVM) Silvercorp have had very large Zinc/Lead components to their production profiles the last 2-3 years, as they conserve their higher grade Silver stopes for a better pricing environment.
My Zinc positions in (TK) Tinka, (VTT) Vendetta, (CNX) Callinex, and (ZNX) Zinc X all have sold off over the last year 1/2. It’s a very odd dynamic considering the low Zinc inventories at the Comex and supply that came off-line the last few years in old mines slowing or shutting.
Recently, I just started a punt on (CD) Cantex – Silver/Lead/Zinc explorer as a few industry pundits have noted they may really have something significant, and the stock had run up to nose-bleed levels earlier in the year, but finally has returned to Earth with a much more rational valuation now. I plan on building the position larger if they can prove the thesis a bit more on the next few exploration campaigns and news releases.
Yeah I’m with you on the zinc positions that are underwater with Tinka Callinex and Trevali and completely confused by it based on the supply issue and low inventories……Cantex I think I owned 10 years ago. Lol……..I’m really dumbfounded by the whole undervaluation of near term producers like Excelsior in copper and USA with gold production soon. I’m actually hesitant to take my profits from my clean energy play and buy more Trevali and Excelsior cuz I feel like I’m missing something. Took a huge hit on Donner when they went belly up as they were hitting production cuz I didn’t see the flaw in their structure. Thought Glencore was a trustworthy backer but really had deal setup so they scoped up the play for pennies on the dollar right before production
Yeah, the Zinc sector has been beyond disappointing and dismal for most of 2018 and 2019, and eventually something has to give regarding the low inventories, lack of oncoming supply, and old tired mines that the majors hold.
Trevali has their act together now, finally, and I’m going to continue adding down here, as they’ve made steady progress the last few quarters on working down their debt overhang, and should be making money in 2020.
Cantex was way overhyped earlier in the year, and then got it’s rear-end spanked when reality of what they’ve found so far was contrasted against their bloated valuation. They have crashed from a valuation over $300 Million down to $45 Million, and are looking much more sane down here, so I’ll be adding at these levels or if it continues to break down just a little further.
I’m also interested to see what will happen with (HER) Heron in 2020, as they completely missed their guidance in 2019 to be in commercial Zinc/Copper production, but did just have their first Zinc concentrate sales in October, and just did a big $91 Million capital raise. It would seem that where they are now, is where they thought they were in late 2018, and the market punished them accordingly, but it seems as if “All systems are go…” now for Heron, so I’m interested to see if 2020 ends up being their breakout year.
Excelsior mining, like most Copper stocks, got stomped in 2019, but the slowing global economy and trade wars have not helped the Base Metals cause.
I’m going to be layering into a few more Base Metals plays over the next few months, but am more interested in making some cake in the Precious Metals and Energy Metals (Uranium & Lithium) for the short term, and maybe dumping some profits from these over into Base Metals as things progress.
I’d also like to see what the US Dollar is going to do (top and drop) or (break out) to determine the effects of inflation and pricing on the commodities.
Correction: Excelsior Mining didn’t get stomped as bad as I was thinking, it was Copper companies like Entree Resources (ETG), Turquoise Hill (TRQ), SolGold (SOLG), Cornerstone Capital (CGP), Kutcho Copper (KC), and others that got destroyed this year.
I still really like (REG) Regulus for Copper and will be adding it back into my portfolio in early 2020.
Wow – Cantex (CD) took another kick to the groin again today, and sold off about 22%.
I was on the bid scooping up some more shares in a 2nd tranche, but expect a bit more more weakness. Some are saying the gap at $.70 may need to get filled, but that would be a 100% return trip to pre-discovery levels. Cantex has had some good drill results and has a good team, so I’m not convinced it will pull down that far, but if it does, I’ll likely add a 3rd tranch just above $.70 and see where things go…
(AXU) (AXR) Alexco Resource Corp. – Corporate Presentation #VIDEO
Clynt Nauman, Chairman & CEO – (11/12/2019)
(SCZ) (SZSMF) SantaCruz Silver Mining Ltd. – Corporate Presentation #VIDEO
Arturo Préstamo, President & CEO – (11/12/2019)
(DSV) (AYYBF) Discovery Metals Corp. – Corporate Presentation #VIDEO
Taj Singh, President & CEO – (11/12/2019)
How to Stake Tezos! | Make Passive Income!
(SAR.AX) Saracen Said to Near $750 Million Deal in (ABX) Barrick Mine Stake
By David Stringer and Harry Brumpton – November 16, 2019
“Saracen Mineral Holdings Ltd. is nearing a deal for Barrick Gold Corp.’s share of the Kalgoorlie Super Pit gold mine in Western Australia, according to people familiar with the matter.”
Perth-based Saracen prevailed over a number of other bidders with an offer that values the 50% stake in the mine at about $750 million, the people said, asking not to be identified discussing confidential matters. Talks could still fall apart and there is no guarantee a deal will be reached, the people said.”
Once again, the Aussies are on the acquisition hunt, and this is one of the divestments from the majors many investors have been waiting for.
Rick Rule | In a Resource Bull Market, Just Capture the Beta
Sprott Media – Nov. 2, 2019
Rick Rule joins Albert in New Orleans for an update on the resource market.
This is week 20 for GDM/GDX holding above the 377 week EMA. We didn’t get more than 3 weeks in a row in 2016…
https://stockcharts.com/h-sc/ui?s=%24GDM&p=W&yr=5&mn=0&dy=0&id=p29171112781&a=693558588
EGO continues to find support at the top of the channel that it broke out of in July. Below that, there’s Bollinger Band support at 6.95.
https://stockcharts.com/h-sc/ui?s=EGO&p=W&yr=3&mn=11&dy=30&id=p38022448980&a=674191436
A couple of daily closes near 28 will set GDX free…
https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=3&dy=0&id=p54140771129&a=670266392
thx for the show again Cory