David Erfle - Gold Market Commentary – Tue 3 Dec, 2019

Major Developments In The PM Markets – M&A picking up, Silver Stocks Leading, and Major Divesting Projects

Dave Erfle joins me today to outline some of the more encouraging signs for the precious metals sector. We have been talking about silver and silver stocks leading the sector, which is continuing, and now we are seeing M&A pickup in the past 2 weeks, plus the junior stocks are starting to get some attention as well.

Click here to visit Dave’s site and learn more about his newsletter focused on metals stocks.


Comments:
  1. On December 3, 2019 at 12:45 pm,
    Matthew says:

    SILJ is up 21% since bottoming 6 weeks ago and is up 4% today on greater than average volume. The implications for the rest of the sector are clearly bullish.
    https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=0&mn=9&dy=0&id=p30416026783&a=700958480

  2. On December 3, 2019 at 1:05 pm,
    Paul says:

    Dave so your saying you are 100 pct invested, since you completed tax loss selling and bought other companies??

    • On December 4, 2019 at 5:24 am,
      David Erfle says:

      Yes Paul. I feel the odds of the PM share bottom being in place are very good here. Best of luck.

  3. On December 3, 2019 at 3:52 pm,
    Excelsior says:

    Hunting for PGE-nickel-copper riches in Montana

    by @JamesKwantes on 3 Dec 2019

    Site visit report: Stillwater West, Montana – Group Ten Metals (PGE)

    “Assays are pending for holes drilled this season at Iron Mountain and Camp Zone, two of Group Ten’s most advanced targets at the Stillwater West PGE-copper-nickel project in south-central Montana. I initiated coverage on Group Ten in the Oct. 9, 2017 newsletter and recently went on a site visit to the company’s 54-square-kilometre Stillwater West property. The visit reinforced the enormous mineral potential and gave me a glimpse of some of the hurdles that will need to be cleared in order to create shareholder value.”

    https://ceo.ca/@jameskwantes/hunting-for-pge-nickel-copper-riches-in-montana

    • On December 3, 2019 at 7:00 pm,
      Buzz says:

      How refreshing: for once, the Jr miners tell the tale

      • On December 4, 2019 at 8:27 am,
        Excelsior says:

        Agreed. It is nice to see the Juniors starting to get traction.

  4. On December 3, 2019 at 8:47 pm,
    Matthew says:
  5. On December 3, 2019 at 8:50 pm,
    Matthew says:

    SILJ just had its highest close in 8 months versus GDX:
    https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=0&mn=10&dy=0&id=p84341399245

  6. On December 4, 2019 at 6:04 am,
    Marty says:

    ALEXCO ( AXU) another big Silver discovery on adjacent property @ Keno Hills.

    • On December 4, 2019 at 8:39 am,
      Marty says:

      Added to my position @ US 1.94

      • On December 4, 2019 at 8:52 am,
        Excelsior says:

        I’ve been stocked locked and ready to rock with AXU.

        It has moved back up more recently, but I want to see a bit more enthusiasm.

        • On December 4, 2019 at 9:35 am,
          Excelsior says:

          (AXU) (AXR) Alexco Issued New Quartz Mining License for Bellekeno, Flame & Moth, Bermingham and Lucky Queen Silver Deposits at Keno Hill. Strengthens Operations Management Team

          by @newswire on 2 Dec 2019

          https://ceo.ca/@newswire/alexco-issued-new-quartz-mining-license-for-bellekeno

        • On December 4, 2019 at 11:06 am,
          Wolfster says:

          K….here’s more enthusiasm ….I bought some too. Lol

          • On December 4, 2019 at 11:20 am,
            Excelsior says:

            Haha! We’ll count it Wolfster!

  7. On December 4, 2019 at 7:27 am,
    Buzz says:

    Nice action in LODE today, (for a change).

    • On December 4, 2019 at 7:40 am,
      Matthew says:
    • On December 4, 2019 at 8:29 am,
      Excelsior says:

      Yeah, get a LODE of that move. I was ready to give up on them, because it didn’t seem like anyone understood or cared about the close of their recent transaction with Tonogold. Encouraging.

      • On December 4, 2019 at 10:33 am,
        buzz says:

        LODE is still trading pre-split at less than 10 cents a share. Long term chart tells the tale.

  8. On December 4, 2019 at 7:58 am,
    Matthew says:
  9. On December 4, 2019 at 8:20 am,
    Matthew says:

    The Canadian dollar looks good for at least the short term:
    https://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=0&dy=9&id=p85952077731&a=681313181

  10. On December 4, 2019 at 8:53 am,
    Excelsior says:

    Look at this big move up in $CDE Coeur Mining’s chart. Impressive action.

    http://schrts.co/vwNnsNsc

  11. On December 4, 2019 at 9:23 am,
    Excelsior says:

    (BAR) (BALMF) Balmoral Expands Ripley Zone Gold Discovery / Area 51 Gold System, Detour Gold Trend, Quebec

    by @nasdaq on 4 Dec 2019

    https://ceo.ca/@nasdaq/balmoral-expands-ripley-zone-gold-discovery-area

  12. On December 4, 2019 at 9:33 am,
    Excelsior says:

    Base metals fundamentally in good shape despite lower demand – Glencore

    3rd December 2019 – By Martin Creamer

    Despite weaker 2019 demand, base metals are fundamentally in good shape, Glencore CEO Ivan Glasenberg said on Tuesday.

    “Presenting an investor update with Glencore CFO Steve Kalmin and Glencore industrial assets head Peter Freyberg, Glasenberg described copper, zinc and nickel markets as being tightly balanced and heavily destocked.”

    https://www.miningweekly.com/article/glencore-2019-12-03

  13. On December 4, 2019 at 10:27 am,
    Matthew says:
  14. On December 4, 2019 at 10:30 am,
    Blue says: