Weekend Show – Sat 18 Jan, 2020

Hour 1 – A Focus On Resource Investing and An Exclusive Interview on the Equinox/LeaGold Merger

Full First Hour

The first hour of his weekend’s show is focused primarily on the resource sector. I have two company updates this week; one with a new silver explorer (Vizsla Resources) whose share price is moving higher and the other with Equinox Gold that just merged with LeaGold to become an almost $2billion company.

Please keep in touch by emailing me at Fleck@kereport.com. Also get in touch if you will be at the Cambridge House conference in Vancouver and would like to meet up.

  • Segment 1 – Marc Chandler, Managing Partner at Bannockburn Global ForEx joins me to …..
  • Segment 2 – Jeff Christian, Managing Partner at the CPM Group dives into the recent moves in commodities broadly. We discuss the drviers for precious metals, base metals, and what Jeff thinks of the recent Phase-One trade deal.
  • Segment 3 – We start off our company interviews with Vizsla Resources and the President and CEO Mike Konnert. The Company released high grade sampling results and the stock has been moving higher since listing on the TSX.V.
  • Segment 4 – Equinox Gold and LeaGold announced a merger last week that creates a $1.75billion miner. Equinox President and CEO Christian Milau joined me to share some more details on the merger and answer some of our questions.

Exclusive Company updates This Week


Marc Chandler
Jeff Christian
Mike Konnert – Vizsla Resources
Christian Milau – Equinox Gold

Comments:
  1. On January 18, 2020 at 5:57 am,
    Excelsior says:

    Cory & Big Al and all the KER Contributors – Thanks again for another great week of editorials and interviews, and of course…. The Weekend Show!

    • On January 18, 2020 at 2:20 pm,
      Thomas says:

      Although thanks from me, especially for the Equinox CEO interview.
      I am a Leagold shareholder and strongly believe in the management.

      In discussion forums there were always rumors if Leagold would be interested in taking over Aliogold or Argonaut. Both have some problems and would profit from a top management like the new Equinox team.

      • On January 18, 2020 at 3:26 pm,
        Excelsior says:

        Hi Thomas – I agree that Equinox & Leagold are solid operators and top shelf Gold producers, but I also own Argonaut and Alio because they have more room to run up higher on a percentage basis as metals prices improve, and as the market wakes up to the improvements both companies have made.

        I have a much larger position in Argonaut than Alio, as it is a far more well run companies, and if AR can deliver on bringing Cerro Del Gallo, and in particular the massive Magino into production, they’ll be a Gold mid-tier to be reckoned with.

        https://www.argonautgold.com/English/assets/development/magino/default.aspx

        (ALO) Alio, needs a bit more work, but is a nice optionality producer to rising gold prices, and they’ve worked to get Florida Canyon optimized. (that they picked up from Rye Patch for a song & dance) They are in a similar situation to Argonaut, on a smaller scale, that if they can get their larger development project, Ana Paula, in Mexico into production, it would be a game changer for them as well.

        • On January 18, 2020 at 3:28 pm,
          Excelsior says:
          • On January 18, 2020 at 8:47 pm,
            Thomas says:

            Ana Paul is close to Los Filos from Leagold. That is why there were speculations that Leagold would buy them out over time. I think the Nevada projects are close to the border to California and not far away from the Equinox projects. So Alio might be a good target for the new Equinox?

          • On January 18, 2020 at 10:31 pm,
            Excelsior says:

            That’s an interesting thought, but yeah I guess Alio could be a takeover target for the new combined Leagold/Equinox.

        • On January 18, 2020 at 9:00 pm,
          Thomas says:

          I like the potential and assets of Argonaut, but have some concern with management.

          Now they got every project messed up. The current projects have high costs so that they will downsize their 2020 guidance, maybe from 200.000 to 150.000 oz / year. On the new projects each has now permitting issues, the Mexican projects failed on the environment permits and on Magino they had to give 500.000 to one First Nation and with another First Nation they still have problems. On top, management gives themselves lots of options and doesn‘t buy any shares in the market. Argonaut with a management like Equinox/Leagold would be a top buy.

          • On January 18, 2020 at 10:34 pm,
            Excelsior says:

            That is a fair critique Thomas. I do like their properties as the primary, more so than the management team, but they seem to have done a good (but not great job).

            I agree that “Argonaut with a management like Equinox/Leagold would be a top buy.”

            It’s still not a perfect company by any stretch, but that is why AR has more upside torque as they get their strategy more dialed in.

        • On January 19, 2020 at 7:01 am,
          Thomas says:

          Carbon In Leach gold extraction method

          Will provide lower operation costs and allow more resources to process. See page 21 of their presentation

          https://www.leagold.com/_resources/presentations/oct-2019-Los-Filos-site-visit-v2-new.pdf

          • On January 19, 2020 at 8:07 am,
            Excelsior says:

            Thanks Thomas. Yes it was on page 20 and the CIL process improved recovery rates and allows ore to be blended from different ore from multiple deposits, over their traditional heap leach process. Interesting.

  2. On January 18, 2020 at 6:03 am,
    Excelsior says:

    This was actually a very exciting week with a number of exciting exploration plays popping into the stratosphere (like Azimut’s 200% rise in one day on a fantastic discovery hold), or conversely companies getting pounded into the dirt (like Compass Gold and GFG Resources 50-60% corrections).

    The biggest story all week long though was the Palladium & Platinum miners epic rises day after day.

    Just Friday’s closing prices in this small sector were staggering and there are so many other chat sites with a major PGM FOMO that it may be getting a bit frothy, but when one looks at the Palladium and Platinum pricing charts, and how depressed and unloved the related miners were, it made sense for a good re-rating to happen.

    Gold and Silver stocks were a mixed bag all week, so it is still a stock pickers market, and definitely not a rising tide lifting all boats environment.

    • On January 18, 2020 at 6:08 am,
      Excelsior says:

      As mentioned it was a pretty epic day in the PGM sector on Friday to close the week (and weekly candles), after already having a solid week across the board.

      Unlike Gold & Silver, the Platinum & Palladium miners did have a rising tide lifting all boats environment.

      Some of the more widely discussed stocks were up double digits again, which puts a little fun back in this tiny sector. My positions PLG, PGE, and JLP.L have had a great week, but today was the icing on the cake to close strong.

      #Platinum & #Palladium stocks – Change % on the day

      PLG Platinum Group Metals Ltd. +35.90%
      NAM.V New Age Metals Inc. +25.00%
      XTM.V Transition Metals Corp. +25.00%
      PGE.V Group Ten Metals Inc. +20.00%
      NCP.TO Nickel Creek Platinum Corp. +17.65%
      GENM.CN Generation Mining Limited +16.33%
      BULL.CN Canadian Palladium Resources Inc. +10.71%
      PDM.V Palladium One Mining Inc. +10.53%
      SBGL Sibanye Gold Limited +9.31%
      VO.V ValOre Metals Corp. +6.25%
      JAN.L Jangada Mines Plc +5.13%
      ARV.AX Artemis Resources Limited +3.85%
      NILSY Norilsk Nickel +3.58%
      PAN.AX Panoramic Resources Limited +3.33%
      IMPUY Impala Platinum Holdings Limited +3.31%
      IVN.TO Ivanhoe Mines Ltd. +3.07%
      JLP.L Jubilee Metals Group PLC +2.98%
      PLM PolyMet Mining Corp. +2.10%
      ELR.TO Eastern Platinum Limited +1.52%
      SLP.L Sylvania Platinum Limited +1.05%

      • On January 18, 2020 at 6:10 am,
        Excelsior says:

        Group Ten Metals Inc. (TSXV: PGE)

        Hunting for Platreefs in a 5-Star Neighborhood

        January 16, 2020 – Red Cloud Securities – Jacob Willoughby | VP, Research

        “We are initiating coverage on Group Ten Metals. The company holds the second biggest land package in the prolific Stillwater Igneous Complex of southern
        Montana, undoubtedly the best jurisdiction to be in for PGM exploration and development. Group Ten is well funded as it recently closed oversubscribed private placement financings that added Sprott Asset Management and Goldspot Discoveries to its share register.”

        “The outlook for PGMs (palladium in particular) is stronger than ever with the price of palladium having outperformed all other precious metals in 2019. The recent acquisition of North American Palladium by Impala Platinum underscores the need for renewed investment in the space. Group Ten is our favourite PGM explorer in the public domain and we expect big things from this currently small company going forward. We believe its Stillwater West properties have great potential to host
        large scale, near surface Platreef-style (PGM-Ni-Cu) mineralization.”

        https://www.redcloudfs.com/wp-content/uploads/2020/01/20200116-Group-Ten-Initiation-1.pdf

        • On January 18, 2020 at 6:13 am,
          Excelsior says:

          good post from @GoldShines on New Age Metals:

          @GoldShines – “With the spot palladium price breaking above $2500/oz on Friday, Jan 17, 2020, a year to date gain of 34%, I am excited to share with you my research about this amazing opportunity in the palladium mining sector. $NAM looks to be the most undervalued company compared to other palladium stocks I am currently watching. The company’s current enterprise value per AuEq ounce is US$0.49 which is incredibly cheap compared to other mining companies. Read more about New Age Metals Inc. here”

          http://smartstocktradingstrategies.com/mining-stock/new-age-metals-inc-tsxv-nam/

          • On January 18, 2020 at 6:29 am,
            Excelsior says:

            This Canadian Palladium Junior Is Set To Drill Its Flagship Palladium Project In Ontario, Canada

            by @Goldfinger on 16 Jan 2020

            “Palladium has been on an astronomical rise in the last few months, on the back of strong industrial demand and deep structural supply deficits.”

            “While the price of palladium has risen by more than 60% in the last year (to nearly US$2,200 per ounce), the number of viable palladium mining projects across the globe has not increased. In fact, palladium is a relatively scarce metal (palladium is more scarce than platinum and that relative scarcity is now reflected in the price difference between the two metals) and the vast majority of palladium is found in two countries; Russia and South Africa. Both of which have their own challenges from a mining investment standpoint.”

            https://ceo.ca/@goldfinger/this-canadian-palladium-junior-is-set-to-drill-its-flagship-palladium-project-in-ontario-canada

          • On January 18, 2020 at 6:31 am,
            Excelsior says:

            $PTM $PLG Platinum Group Metals Ltd. Reports First Quarter Results

            14 Jan 2020

            “The Company is focused on advancing the palladium dominant Waterberg Project located on the North Limb of the Bushveld Complex in #SouthAfrica. The Waterberg DFS concludes that the Waterberg Project will be one of the largest and potentially lowest cash cost underground PGM mines globally.”

            “The Waterberg DFS projects a fully mechanized, shallow, decline access #palladium, #platinum, #gold and #rhodium mine at an annual #production rate of 420,000 4E ounces and a 45 year mine life.”

            http://www.platinumgroupmetals.net/investor-relations/news/press-releases/press-releases-details/2020/Platinum-Group-Metals-Ltd-Reports-First-Quarter-Results/default.aspx

          • On January 18, 2020 at 6:32 am,
            Excelsior says:

            $JPL.L $JUBPF Jubilee Platinum has a very high margin business processing PGM & #Chrome tailings, in addition to sitting on one of the largest undeveloped defined blocks of platinum ore with its Tjate Platinum Project in Eastern Bushveld Complex, #SouthAfrica.

            Tailings businesses are generally not very sexy, but this company has a unique process (with 50% margins and none of the mining risk) that is starting to gain traction in the marketplace.

            https://jubileemetalsgroup.com/projects-operations/

          • On January 18, 2020 at 6:35 am,
            Excelsior says:

            sorry transposed the ticker. JLP not JPL (I was just watching videos on Jet Propulsion Laboratories recently and must have had that on the brain).

            @cruxinvestor did a good interview with Jubilee Metals (JLP.L) (JUBPF) a few months back:

            https://jubileemetalsgroup.com/investors/presentations/jubilee-metals-all-of-the-upside-and-very-little-of-the-down/

          • On January 18, 2020 at 6:37 am,
            Excelsior says:

            $PGE $PGEZF Group Ten Delivers World-Class Drill Results for PGM

            Bob Moriarty for Streetwise Reports (1/14/20)

            “Group Ten Metals Inc. owns the other half of the Stillwater complex.”

            “Clearly the market doesn’t get it. These results were world class, some of the best I have ever seen. Face it; most investors are as clueless as I am about the value of one hole compared to another. These intercepts have #copper, #nickel, #platinum and #palladium.”

            https://www.streetwisereports.com/article/2020/01/14/group-ten-delivers-world-class-drill-results-for-pgm.html

          • On January 18, 2020 at 7:58 am,
            Excelsior says:

            Palladium tops $2,500 an ounce in biggest one-day surge since 2008

            Bloomberg News | January 17, 2020

            “Spot palladium jumped as much as 9.7% to $2,539.14 an ounce. The metal is headed for its best week since 2001 and showing little sign of slowing down, even as some analysts caution that prices may be due for a pullback.”

            “While palladium’s rally has been driven by supply deficits and surging demand, the increases have exceeded market forecasts, said Rene Hochreiter, an analyst at Noah Capital Markets Ltd. who expects prices could retreat to average $2,250 an ounce for the rest of the year.”

            https://www.mining.com/web/palladium-tops-2500-an-ounce-in-biggest-one-day-surge-since-2008/

          • On January 19, 2020 at 2:52 pm,
            Excelsior says:

            Palladium Surges Again But The Focus Will Soon Shift To Platinum

            Tim Treadgold – Forbes – Jan 19, 2020

            Platinum To Play Catch-Up

            “Whatever the cause, there are early signs emerging of platinum playing catch-up with palladium as car makers are forced to switch, not just because of the palladium price but also because of a worldwide shortage.”

            https://www.forbes.com/sites/timtreadgold/2020/01/19/palladium-surges-again-but-the-focus-will-soon-shift-to-platinum/amp/

          • On January 19, 2020 at 2:57 pm,
            Excelsior says:

            January 18, 2020 – 5:02 pm – Posted by Patrick

            > First Try for Platinum

            “Weekly chart PnF was too shallow… had to go to daily. Added Arcs to PnF action… also seems to fit.”

            “Not sure about a couple of the cycle high identifications.. can a minor cycle high be higher than a major cycle high?”

            “I’m thinking you don’t always need minor cycle highs or lows to be identified… as long as the major cycle lows are clean.”

            https://goldtadise.com/?p=454786

      • On January 18, 2020 at 6:12 am,
        Charles says:

        Thanks for the show Big Al and Cory. Nice list Ex!

        • On January 18, 2020 at 6:24 am,
          Excelsior says:

          Cheers Charles! Hope all is going well for you sir.

          I was following your posts earlier in the week on Brixton and Impact Silver (and have owned and traded around positions in both since 2016).

          (BBB) Brixton has finally pulled back down to a level where I may add a bit more as the selling gets exhausted.

          (IPT) is looking like it is set up well for a better 2020, and it is one of my 3 stock picks for the Ceo.ca stocking picking contest this year (Along with Santacruz Silver SCZ and for an explorer/developer Dolly Varden DV that has had it’s butt kicked, but I believe will also have a more constructive year).

          (IPT) Impact was up 3.8% on Friday and Santacruz Silver (SCZ) was up 7.41% on the day, so those are good both encouraging signs in the face of a day the was more down in the silver miners.

          I’ve been pair trading both companies IPT and SCZ for a while now as to their position size, as they both more heavily weighted in my Silver miners basket. Both are very comparable smaller cap Silver Jr Producers operating in Mexico – (Impact with 2 operating mines, and Santacruz just added their 3rd operating mine).

          The edge has been to Santacruz for most of the last year (where it was #1 performing producer), where IPT had the edge it the year before as one of the better performers. I anticipate rotating about 1/4 or the 1/3 of my SCZ position over to IPT soon, as the pendulum swings back, but both companies have amazing torque to the upside.

          I had posted on Dec 30th about the resistance being tagged in the IPT:SCZ chart:
          ______________________________________________

          On December 30, 2019 at 10:02 am,
          Excelsior says:

          “IPT:SCZ looks like it has hit interesting resistance as well.”

          http://schrts.co/kBstRnVx

          • On January 18, 2020 at 6:42 am,
            Excelsior says:

            (VZLA) (VIZSF) Vizsla Resources is an exploration stage Jr Silver stock that has not slowed down, and was actually the top performing Silver stock on the planet in 2019 (up 470% last year). They just put out some solid drill results this week to confirm the bullish fervor of the rabid investor base, but it will be interesting to see if it can hang onto the epic gains it’s booked and current valuation as more results come in. So far so good though.

            __________________________________________________

            Vizsla Discovers a New Vein With 557 Gram Per Tonne Silver Equivalent Across 3.4 Metres at Panuco Project in Mexico

            by @newswire on 16 Jan 2020

            https://ceo.ca/@newswire/vizsla-discovers-a-new-vein-with-557-gram-per-tonne

          • On January 18, 2020 at 6:58 am,
            Excelsior says:

            With all of the attention (PGE) Group Ten is getting recently, I’m hoping more investors wake up and discover it is the same basic team that is managing (MMG) Metallic Minerals in the Silver space – Alexco’s neighbors at Keno Hill.

            https://www.metallic-minerals.com/site/assets/files/1743/keno_district_geology_and_deposits.900×0-is.png

            If MMG can keep hitting on their exploration campaign and finding more of the same kinds of super high grade deposits that AXU has, in their untested areas, then it may go on an epic discovery run.

          • On January 18, 2020 at 7:02 am,
            Excelsior says:

            (MMG) (MMNGF) Metallic Minerals Provides Exploration Update on Central Keno Hill Targets including Identification of Two New Multi-Kilometer Soil Anomalies at the Keno Silver Project

            August 14, 2019

            “Results of on-going compilation and synthesis of historic exploration data, along with results from exploration to date in the Central Keno Hill Silver District, have confirmed:”

            “Bonanza-grade Keno-style silver mineralization including samples of over 1,000 g/t silver at the Caribou and Homestake advanced-stage targets with eight additional earlier stage targets that have not yet been drill tested;”

            “The new interpretation of a structural corridor at the Keno Summit area that encompasses the Keno Hill mine, Gold Hill, Duncan and Caribou structures and that is comparable in size and style to the Bermingham-Calumet system (see Figure 3) in the more extensively explored Galena Hill area in the West Keno Hill Silver District;”

            “The interpretation of additional parallel structural corridors to the north and south that host the Bounty and Homestake targets that are similar to those in the more explored parts of the district;”

            “The identification of two new multi-kilometer soil targets with highly elevated silver, lead, and zinc in soils in the Keno Summit area that extend from areas with recognized high-grade Keno-type high-grade structures.”

            https://www.metallic-minerals.com/news/2019/metallic-minerals-provides-exploration-update-on-central-keno-hill-targets-including-identification-of-two-new-multi-kilometer/

          • On January 18, 2020 at 7:11 am,
            Excelsior says:

            As for the beat up (DV) (DOLLF) Dolly Varden, it is my dark horse Silver pick for 2020, where it looks like a good place to be acquiring and bottom fishing down at current levels. I have confidence in Gary Cope & team to deliver on their exploration plans in this prolific past producing mining district this year. What they have found in prior years is already shaping up to be an economic mine, but they need a bit more size and that should come out in their resource updates later this year after another season of drilling.

            http://schrts.co/xMBqJvni

          • On January 18, 2020 at 7:13 am,
            Excelsior says:

            2019 Year In Review for the (DV) Dolly Varden Silver Program in the Golden Triangle, British Columbia

            “Our team has advanced the Dolly Varden project substantially over the past season, including new discoveries from diamond drilling, an updated mineral resource estimate, and completion of successful metallurgical tests. As well, on the ground we have improved the logistical advantages and strengthened our relationships with the community. The Dolly Varden project is well positioned for growth in the coming year” stated Gary Cope, President & CEO.

            https://ceo.ca/@newswire/2019-year-in-review-for-the-dolly-varden-silver-program

          • On January 18, 2020 at 7:19 am,
            Excelsior says:

            Cory featured an interview earlier this week with Silver Viper, which is also managed by the Gary Cope & the Belcara Group.

            I’ve got a small position in (REX) (ORMNF) Orex Minerals with the same team, and still believe it is very underrated at present and has JVs with 2 of the Silver Majors – Pan American Silver and Fresnillo. They may still pull a rabbit out of their hats as well.
            _______________________________________________

            The Belcara Group manages all 3 – Silver Viper, Dolly Varden Silver, Orex Minerals:

            https://www.belcarragroup.com

          • On January 18, 2020 at 2:14 pm,
            Davd says:

            Ex:
            Based on your updates, looks like we are overlapping on PGE, IPT, SCZ, MMG, VZLA, DV, MAI, and BBB. Vizsla, Metallic and Minera been best so far. This week I added to DSV, BAY and ELY. And, despite the run up, I bought into AZM with some GBR profits, and plan to add if price goes up or down. I do have a preference to buy cheaper but I think their move might be a start (if all the great PM charts hold). Thanks for the updates and research.

          • On January 18, 2020 at 2:34 pm,
            Excelsior says:

            HI David thanks for that, and yes I own all of those except VZLA (was just commenting on it’s meteoric rise) and I don’t own BAY or ELY, but own the rest of the ones you mentioned, along with many others.

            Yeah, very happy with the team at Minera Alamos MAI delivering on their guidance and moving into construction. If only all companies were so well run.

            Yeah, DSV Discovery Metals is another solid play. I’ve been positioned since they made their move on Levon resources, and believe that team can move that Cordero project and their several Silver/Zinc/Lead/Copper projects forward.

          • On January 18, 2020 at 2:40 pm,
            Excelsior says:

            Brand new January 2020 Corporate Presentation for Discovery Metals (DSV) (AYYBF)

            https://dsvmetals.com/site/assets/files/5120/dsv_corp_deck_-jan_2020.pdf

          • On January 20, 2020 at 6:59 am,
            Excelsior says:

            (SCZ) (SZSMF) Santacruz Silver Acquires La Pechuga Project Adjacent to Zimapan Mine, Hidalgo,Mexico

            @newsfile on 20 Jan 2020

            “Santacruz Silver Mining Ltd. (TSXV: SCZ) reports that its Mexican subsidiary, Carrizal Mining, S.A de C.V., has acquired by staking the La Pechuga property located adjacent to the Zimapan Mine at Zimapan, Hidalgo, Mexico.”

            “The Property is comprised of one mining concession that covers a land area of approximately 3,025 hectares and is located 25 kilometers southeast of the Zimapan Mine. It contains several historic mines with mineralization hosted in carbonate replacement (skarn) of variable width of 3-8 m, which is intruding the limestones of the El Doctor Formation.”

            https://ceo.ca/@newsfile/santacruz-silver-acquires-la-pechuga-project-adjacent

          • On January 20, 2020 at 10:16 pm,
            Excelsior says:

            I’m also still interested in (EXN) (EXLLF) Excellon Resources, as the highest grade Jr Silver miner in Mexico, that had a few speed bumps to overcome in 2018 and 2019, but overcame them and is set up to have a much better 2020.

            http://www.excellonresources.com/_resources/presentation/EXN_Corporate_Presentation_-_November_6_2019.pdf

        • On January 18, 2020 at 7:38 pm,
          Charles says:

          Funny you mention DV. I just picked some more on Friday. Hi

          • On January 18, 2020 at 10:27 pm,
            Excelsior says:

            DV seems like a good risk/reward ratio at this point so I was adding a bit recently as well.

      • On January 18, 2020 at 6:38 am,
        Nigel says:

        I’m a big fan of Sibayne Gold, it keeps chugging upwards week after week

        • On January 18, 2020 at 6:47 am,
          Excelsior says:

          Yeah it swallowed up my old favorite in the PGM space (SWC) Stillwater Mining a few years back, and that was and is a world class asset….. [and it isn’t in South Africa]

          In addition Sibanye acquired Lonmin PLC last year, another prior leader in the PGM sector while prices were lower, and that was very underappreciated by the marketplace, but will pay SBGL many dividends moving forward.

          https://thevault.exchange/?get_group_doc=245/1559925962-WithLogoSibanye-StillwateracquisitionofLonminbecomeseffective7June2019.pdf

          • On January 18, 2020 at 6:50 am,
            Excelsior says:

            This is big reason I’m animated by Group Ten Metals with their Stillwater West project as it is adjacent to that Stillwater mining complex. (new discoveries in the shadow of a giant)

            __________________________________________________________________________

            Group Ten Drills 272 m of 1.90 g/t Pt Equivalent (0.42% Ni Equivalent), Starting from Surface and Including Continuous Palladium, Platinum, Gold, Nickel, Copper and Cobalt Mineralization, at the Iron Mountain Target Area at Stillwater West

            December 18, 2019

            https://grouptenmetals.com/news/2019/group-ten-drills-272-m-of-1.90-g-t-pt-equivalent-0.42-ni-equivalent-starting-from-surface-and-including-continuous-palladium/

          • On January 18, 2020 at 9:19 am,
            Nigel says:

            Thanks Excelsior, your comments and information are really valuable. Great work

          • On January 18, 2020 at 10:26 am,
            Excelsior says:

            Thanks Nigel. Ever Upward!

    • On January 18, 2020 at 7:21 am,
      Excelsior says:

      (MAI) (MAIFF) Minera Alamos Commences Construction of Santana Gold Mine, Sonora, Mexico; Other Updates

      by @newsfile on 16 Jan 2020

      https://ceo.ca/@newsfile/minera-alamos-commences-construction-of-santana-gold

      • On January 20, 2020 at 11:01 pm,
        Excelsior says:

        Update: Minera Alamos begins construction of Santana mine

        Trish Saywell – January 17, 2020

        “This is a big year for us,” Doug Ramshaw, the company’s president, tells The Northern Miner. “There’s probably only going to be six or seven new gold producers this year, which is a pretty exclusive club we’re going to join so it’s going to be an exciting year.”

        “Between now and the start of production, the company will release a maiden resource on the project.”

        https://www.northernminer.com/news/minera-alamos-starts-building-santana-mine-in-mexico/1003813093/

    • On January 20, 2020 at 11:08 pm,
      Excelsior says:

      Endeavour Mining ends takeover talks with Centamin

      Cecilia Jamasmie, Special to the Northern Miner January 15, 2020 Volume 106 Number 2 January 20 – February 2, 2019

      Endeavour Mining (TSX: EDV) has walked away from a potential 1.47 billion lb. (US$1.9-billion) acquisition of Centamin (TSX: CEE; LON: CEY), citing lack of information on the targeted company’s assets.

      The gold miner said the quality of the data shared by the Egypt-focused company during an accelerated due diligence process was “insufficient” to make an offer and as a result, merger talks have been terminated.

      https://www.northernminer.com/ma/endeavour-mining-walks-away-from-takeover-talks-with-centamin/1003812891/

  3. On January 18, 2020 at 6:37 am,
    Wolfster says:
    • On January 18, 2020 at 9:13 am,
      Excelsior says:

      Trade War Has Copper Prices Artificially Low, Chile Minister Says

      Bloomberg News | January 17, 2020

      “The phase-one trade deal between the US and China may bring some relief to copper exporters, helping shore up the finances of Chilean state-run producer Codelco, Mining Minister Baldo Prokurica said.”

      “Copper prices may rally to $3 a pound, from an average of about $2.72 last year, as Washington and Beijing work to resolve their trade dispute that has ushered in a “complex period” of economic uncertainty, hurting industrial demand for the metal, Prokurica said in a phone interview.”

      https://www.mining.com/web/trade-war-has-copper-prices-artificially-low-chile-minister-says/

      • On January 18, 2020 at 10:53 am,
        Excelsior says:

        Copper Concentrates – Key Themes for 2020

        15 January 2020 – Hamish Sampson, Senior Analyst

        – ELEVATED RISK OF FURTHER DISRUPTIONS IN SOUTH AMERICA
        – WATER SHORTAGES WILL IMPACT MINES ACROSS THE GLOBE
        – LESS COMPLEX CONCENTRATES ON THE CUSTOM MARKET
        – SMELTER CLOSURES IN CHINA AS LOSSES START TO STACK UP
        – CSPT WILL HELP TO CONSOLIDATE INDUSTRY
        – CONCENTRATES MARKET TO TIGHTEN THROUGHOUT YEAR
        – TCRCS EXPECTED TO BE MORE RANGE BOUND IN 2020
        – CHINESE POLICIES TO OVERHAUL SCRAP MARKET
        – BLISTER MARKET EXPECTED TO REMAIN TIGHT
        – ACID PRICES WILL REMAIN UNDER PRESSURE IN CHINA

        https://www.crugroup.com/knowledge-and-insights/spotlights/2020/copper-concentrates-key-themes-for-2020/

        • On January 18, 2020 at 10:57 am,
          Excelsior says:

          Many of these factors should underpin Zinc/Lead prices as well as far as smelter TCRCs, disruptions in larger mine supply in remote areas due to water shortages, closures, local community pushback, Chinese supply of other key metals, chemicals, and processing of batteries, above ground stockpiles being tight, etc….

          Zinc & Lead prices could go up 30-50% over the next 1-2 years which would help incentivize new mines to get developed and into production.

          • On January 18, 2020 at 1:16 pm,
            Excelsior says:

            This comparative chart of the Zinc developers in Tinka’s latest corporate presentation on page 10 is a helpful quick glance at some of main players in that subsector like Osisko Metals, Foran Mining, Heron Resources, Fireweed Zinc, ZincX Resources, Solitario Zinc, Aquilla Resources, VentureX, and Red River Resources, but it leaves out companies like Vendetta Mining, Callinex Mines, Cantex Mine Development, etc….

            http://cdn.ceo.ca/1f26tcv-Zinc%20Developers%20Grade%20and%20Reserves.JPG

          • On January 18, 2020 at 1:33 pm,
            Wolfster says:

            Looks like Trevali has broken to the upside with the recent improvements to operations and zinc price

          • On January 18, 2020 at 1:56 pm,
            Excelsior says:

            Yeah, Trevali (TV) is my largest weighted Zinc position, as one of the few Jr Producers, and has been trending higher like a champ.

            Really it was long overdue for the market to start re-rating them higher, because as discussed on here a few times, they’ve been successfully paying down massive amounts of debt – quarter after quarter (4 in a row) from their 4 producing Zinc/Lead/Silver mines, and are on target to be debt free by the end of Q1 or at least by Q2. Then they’ll be cash-flowing and the market has still not fully grasped this.

            Still this last intermediate move to the upside has been encouraging the wheels are in motion finally.

            The 21 day EMA recently broke up through both the 89 day EMA and the 144 day EMA as seen on this chart:

            http://schrts.co/rCbuDjXk

          • On January 18, 2020 at 2:01 pm,
            Excelsior says:

            I had that TV chart too tiny to see the end properly. While, the 21 day EMA definitely broke through the 89 day EMA, I was incorrect and technically it hasn’t quite broken through the 144 day EMA yet… but it is on target to do so next week.

            Regardless, it has been a strong break higher in Trevali Mining, and rightly so.

          • On January 18, 2020 at 2:52 pm,
            Excelsior says:

            (SMTS) (SMT) Sierra Metals is another polymetallic base metals & precious metals producer that I have a nice position growing in, after not being in for a few years. Sierra produces Gold, Silver, Zinc, Lead, and Copper, and I’m bullish on all 5 commodities.

            SMTS Sierra Metals – Corporate Presentation – January 2020

            https://s23.q4cdn.com/335191765/files/doc_presentations/2020/SMT_Corp_Presentation_-_January_15.pdf

    • On January 18, 2020 at 12:53 pm,
      Excelsior says:

      Electrification and the minerals ready to rock the 2020s

      Brad Thompson – Dec 27, 2019

      “They were hailed as battery minerals set to charge into the 2020s with electric vehicles while also playing a big part in keeping the lights on as power grids turned greener.”

      > Copper clear winner

      Mr Shaw said there was a consensus view that copper will have an electrification renaissance.

      “There’s many parts of this transition that suggest copper does very well,” he said.

      “I certainly agree that copper demand is going to do very well from the energy transition and the electrification of transport that is coming.

      “We know that EVs are three to four times as copper intensive as combustion-engine vehicles. We know EVs need recharging and that is a bit more intensive in copper.

      “We know that solar and wind power are four to 12 times as intensive in copper per megawatt of capacity compared to coal, gas and nuclear.”

      “Copper will also be required as part of the expected heavy investment in power grids needed to cope with increasingly intermittent and distributed generation.”

      https://www.afr.com/companies/mining/electrification-and-the-minerals-ready-to-rock-the-2020s-20191222-p53mb4

      • On January 18, 2020 at 1:42 pm,
        Wolfster says:

        Hey Ex. I have discussed with many that the one aspect of copper many overlook is the infrastructure needed to build all the service stations for EV cars……that’s a lot of copper for each and every station

        • On January 18, 2020 at 2:06 pm,
          Excelsior says:

          Agreed Wolfster and great point. The infrastructure for Electric Cars will be mind boggling if they really want EV charging stations to be as common as gas stations.

          In addition, the sheer pace of Electrification of the developing would is a big enough catalyst for Copper and other raw materials like Silver to have a big surge even if there was no Electric Vehicle narrative.

          However the EV narrative in rising steel imports in Asia has also spiked Nickel prices over the last year.

          Better times are coming to the Base Metals, but there is still time to position in them over time. I’m putting most of my trading focus into Gold & Silver stocks for the medium term, and then will start trimming winnings and adding to my current positions in Base Metals, Lithium, and Uranium miners.

          Cheers!

          • On January 19, 2020 at 1:57 pm,
            Excelsior says:

            Energy, Vehicles, Sustainability – 10 Predictions for 2020

            January 16, 2020 – Angus McCrone – Chief Editor BloombergNEF

            1. Investment in renewables
            2. Wind
            3. Solar
            4. Energy storage
            5. Electric vehicles and autonomous driving
            6. Liquified natural gas
            7. Big oil
            8. Battery metals
            9. Sustainability
            10. Circular economy

            https://about.bnef.com/blog/energy-vehicles-sustainability-10-predictions-for-2020/

      • On January 19, 2020 at 7:50 am,
        Wolfster says:
      • On January 19, 2020 at 8:02 am,
        Wolfster says:

        Don’t see my original post so I guess I’ll post it again. New red lake gold rush
        https://smallcappower.com/expert-articles/red-lake-ontario-gold-stocks/

  4. On January 18, 2020 at 6:42 am,
    Wolfster says:

    Solid week of updates and information gentlemen. Much appreciated …..despite my portfolio not being big green on the week.

  5. On January 18, 2020 at 6:45 am,
    Poko says:

    Great Show!!
    Anybody have any opinions on AXU/short and medium term?
    Looks like the charts are showing its over sold.
    Thanks

  6. On January 18, 2020 at 7:35 am,
    Dick Tracy says:

    Ex, I hope you are taking some vitamin supplements my ticker is racing just reading your posts. You know what I mean. Why, man, we’ve scarcely started! “I tell you, some of these prices will look ridiculously low in another year or two.” Just watch that stock-it’s going to…… The possibilities are unlimited. It’s all madness out there, and we’ve just begun with ‘The New Roaring Twenties’. LOL! DT

    • On January 18, 2020 at 7:50 am,
      Excelsior says:

      Agree DT. Haha!

      “I tell you, some of these prices will look ridiculously low in another year or two.”

      Yes, too right mate!

      • On January 18, 2020 at 7:54 am,
        Excelsior says:

        …and yes I’m taking my vitamin and herbal supplements to try and stay alive and enjoy the fruits of the labor. 🙂

        • On January 18, 2020 at 8:10 am,
          Dick Tracy says:

          My prediction, is that “The Aliens will visit Earth in the next decade as friends of mankind”. I hope they can save our planet it is in need of some wise counsel. Do you see what Rick Ackerman started, Gort, klaatu, borada, nikto. LOL! DT

  7. On January 18, 2020 at 8:45 am,
    Silverdollar says:

    Good show Cory. Good postings! Here’s one that imo is always worth listening. Grant Williams on Macro Voices. The interview is about 16.5 min. into the show but believe me, it’s all worth listening to. https://www.macrovoices.com/

    • On January 18, 2020 at 10:03 am,
      b says:

      Bob was saying some time ago that the unrest is a worldwide phenomenon.
      Celente is saying the same thing.
      I wonder if Bob is right about Deutsche bank being the trigger and the banks freezing up.

      • On January 18, 2020 at 10:53 am,
        Dick Tracy says:

        There will always be plenty of unrest. When The British set up The British East India Company in 1649, it was there to steal India’s wealth. The Americans were lucky when they expelled Britain in the 1770’s, or they would have met the same fate. The trouble in The Middle East began with BP oil in the 1930’s wanting to grab Iran’s oil. Now The Chinese are pouring massive amounts of money into Africa, building infrastructure, schools, hospitals, only so they can steal Africa’s mineral wealth. When The Africans revolt because of the debt they will owe China and can’t possibly pay back, China will send in the troops. They too will get bogged down in the forever war. The problem is our species wants to dominate, subjugate, and take from others without sharing on a proportionate basis. Humans are a greedy species, the twentieth century has been controlled by The British, The Germans, and The Americans. The Asians are no different, the problem lies in the nature of man, and who has the financial power at the time. DT

  8. On January 18, 2020 at 9:07 am,
    Dick Tracy says:

    Bob M mentioned this stock about two weeks ago in an interview, since then it has more than doubled. In another article that was listed on his website today they call the area a new copper zone. The company is Hannan metals, SYL, HAN-TSX-V.
    https://aheadoftheherd.com/Newsletter/2020/Copper-juniors-gravitating-towards-new-area-play.htm Oh yes, the big plus is Quinton Hennigh is on board! DT

    • On January 18, 2020 at 2:07 pm,
      Wolfster says:

      Thanks for that DT……Big fan of copper going forwards and missed that Bob M had mentioned Hannan

  9. On January 18, 2020 at 10:17 am,
    cfs says:

    I have NO firsthand information about future auto-makers plans regarding catalytic converters.
    It seems to me, however, car makers have been first focusing on the competition from electric vehicles, and now will look at platinum as an alternative to palladium for converters.
    Rhodium is mainly used to reduce the formation of NOx, so demand for rhodium will not probably change.
    , Palladium is not as efficient as platinum at converting hydrocarbons and CO to CO2 and H2O. It is costly however to convert over to another metal in manufacturing of catalytic converters, but I imagine palladium’s price is temporary and we swill see increasing change to platinum as auto-makers re-tool.

  10. On January 18, 2020 at 11:19 am,
    Matthew says:

    The Iran bs has made for a “funny” looking gold chart but don’t let the action fool you. There’s most likely been no important top for gold…
    https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=2&mn=6&dy=0&id=p17023412379&a=714574377

    • On January 18, 2020 at 1:24 pm,
      CaliJoe says:

      Matthew,
      Awesome work! Your charting skills are unparalleled. Why did I get this eerie feeling this morning that how gold spiked and subsequently sold off during the Iran attack played out exactly when Trump won an election.

      • On January 18, 2020 at 1:57 pm,
        CaliJoe says:

        Your gold chart give me solace though. Time will tell. I’m heavily invested in a couple of juniors and Barrick.

      • On January 18, 2020 at 4:12 pm,
        Matthew says:

        Thanks, CaliJoe. I believe you are going to be very happy with the action this year!

        • On January 19, 2020 at 8:51 am,
          CaliJoe says:

          Thanks Matthew!

  11. On January 18, 2020 at 12:07 pm,
    Matthew says:

    TSX Venture stocks are acting extremely well overall which is a very good sign for the speculative mining stuff that most of us hold.
    https://stockcharts.com/h-sc/ui?s=%24CDNX&p=D&yr=1&mn=1&dy=0&id=p50032551454&a=652827027

    • On January 18, 2020 at 2:40 pm,
      Marlborough says:

      Matthew, why was it good that IPT went up as AXU went down as you commented yesterday. I ask as I have a healthy position in AXU. TIA

      • On January 18, 2020 at 2:57 pm,
        Excelsior says:

        I saw that comment too, but believe he was making the point that it was bullish that a bellweather Silver stock like Impact was up 3.8% on Friday, just like a similar peer to IPT, Santacruz Silver (SCZ) was up 7.41% on the day.

        Those are both encouraging signs in the face of a day that was more down for many of the silver miners like AXU. The ETFs SIL and SILJ were both down on the day as well, so companies that buck the trend that typically are early movers was an encouraging sign.

        • On January 18, 2020 at 3:09 pm,
          Excelsior says:

          As for other Silver Jr Producers bucking the Friday downtrend, GGD GoGold (one of the better Silver stocks of last year) was up 5.71%, EXN Execellon (highest grade Silver producer in Mexico) was up 3.16%, and GPL Great Panther was up 1.55%.

          It is interesting and constructive that most of the smaller Silver producers were up on the day, where the larger ones were not.

          • On January 18, 2020 at 3:15 pm,
            Excelsior says:

            Despite many of the larger Developers being down on Friday, there were still a number of more widely followed Silver Developers that also had a green day like Aurcana, Canada Cobalt Works, Discovery Metals, Vizsla Resources, Metallic Minerals, New Pacific Metals, and Silvercrest.

            Silver Developers and Explorers – Change % on Friday 01/17/2020

            GPLY.V GR Silver Mining Ltd. +15.00%
            NBR.V Nubian Resources Ltd. +12.50%
            AUU.V Aura Resources Inc. +11.11%
            CCM.TO Canarc Resource Corp. +9.09%
            G1A.AX Galena Mining Limited +8.47%
            AUN.V Aurcana Corporation +8.16%
            CCW.V Canada Cobalt Works Inc. +6.15%
            AZS.V Arizona Silver Exploration Inc. +6.06%
            DSV.V Discovery Metals Corp. +5.36%
            VZLA.V Vizsla Resources Corp. +4.65%
            MMG.V Metallic Minerals Corp. +3.45%
            UFO.L Alien Metals Limited +2.50%
            AUMN Golden Minerals Company +2.14%
            NUAG.V New Pacific Metals Corp. +1.07%
            SIL.TO SilverCrest Metals Inc. +0.47%

        • On January 18, 2020 at 3:31 pm,
          Marlborough says:

          Thank you, Excelsior.

          • On January 18, 2020 at 3:34 pm,
            Excelsior says:

            Sure thing. I’m a big fan of Alexco AXU as well, and they’ve had a fantastic run the last few years and rightly so. They’ll do great in the medium to longer term, and have been knocking the ball out of the park with their drill results the last few years, with their environmental remediation business, and they are going into production in Q4 this year, so there are plenty of positives to fuel AXU higher.

          • On January 18, 2020 at 3:39 pm,
            Excelsior says:

            In addition to Flame & Moth and Bermingham, I also am thrilled that Alexco found a new extension of Bermingham called “Bermingham Deep” and then in December they announced another new blind discovery called “Inca” with substantial high grade values as well.

            https://www.alexcoresource.com/news/2019/alexco-discovers-new-zone-of-silver-mineralization-3po7-kilometers-northeast-of-bermingham-deposit-composite-assays-to-832-grams/

      • On January 18, 2020 at 4:15 pm,
        Matthew says:

        Marlborough, you should do extremely well with AXU. I mentioned it because it was one of the many other silver juniors that fell along with SILJ yesterday. For whatever, reason, IPT has always provided more useful hints at the near term prospects of the sector than most of its peers, no matter their quality. I’m not sure what other stocks might be similar to IPT in this respect. Being up along with IPT yesterday may or may not mean something but one day is far from enough evidence to draw conclusions from.

        • On January 18, 2020 at 4:16 pm,
          Marlborough says:

          Thank you very much, Matthew. Greatly appreciated.

  12. On January 18, 2020 at 3:24 pm,
    RICHARD/DOC says:

    I appreciate the EQX update—as mentioned in the past, it’s one of my larger holdings. Am waiting for CDE to settle down over the next few days and will take a bigger position in it. They did not meet expectations for 2019 but are working on the issues and 2020 should be a better year. I’m getting ready to take a major position in an underlooked and undervalued gold producer when you compare it to others with the same number of ounces to be produced and number of shares outstanding.

    • On January 18, 2020 at 3:32 pm,
      Excelsior says:

      Hi Doc. Yes, I saw that fishing line sell off in CDE Coeur, and felt it was an overreaction to that news by investors because they didn’t hit their guidance, but they still are competent producers and have a strategy to address things at each mine that they laid out clearly in that release as well.

      For the first time since Coeur’s takeover of Northern Empire, I picked up a position in CDE Coeur Mining on Friday. While the move down may not be completely over, I’m prepared to add a 2nd tranche as longer term I’m not worried about them and they are solid producers.

      The first dip down went to the 89 day EMA, and the recent dip went down and tagged the 144 day EMA (so I got an initial position). If it goes down to the 233 day EMA I’ll buy a second tranche.

      http://schrts.co/VrbAgzjv

      • On January 18, 2020 at 3:42 pm,
        RICHARD/DOC says:

        Ex, I think you ‘ll be rewarded very nicely over time. If they get their issues straightened out (and they will), over time you should see them challenge their 2016 highs and with increasing silver prices, everything should drop to their bottom line with higher prices yet.

        • On January 18, 2020 at 3:46 pm,
          Excelsior says:

          Thanks for those thoughts Doc. We’ve discussed on here a few times how much torque CDE has for a larger Silver/Gold company, and when I saw the over-reaction on Friday, it seemed appropriate to at least snag a starter position and then I’ll build on it from there, averaging in over time. Cheers!

          • On January 18, 2020 at 4:17 pm,
            RICHARD/DOC says:

            Ex, exactly my strategy.

        • On January 18, 2020 at 3:51 pm,
          CaliJoe says:

          Hi Doc,
          Can I get your opinion on Barrick? Its not doing as good let’s say like NEM. I have a rather position and don’t want to unwind just yet.

          • On January 18, 2020 at 4:16 pm,
            RICHARD/DOC says:

            Cali, I can’t tell you about the fundamentals of Barrick since I don’t own it and don’t intend to own it. However, i’ll wouldn’t be concerned due to the technicals. it appears the stock is going to trade in a range for awhile. What’s interesting is that the BBs on the weekly chart are starting to narrow. I believe that will continue as we move forward into the spring. That means that the stock is taking a rest and volatility is decreasing. When the bands narrow even more, complacency sets in and you better be ready for a breakout on either the upside or downside. With a bull market in place, the odds are you break to the upside. By the way, I’m starting to see that pattern on some other stocks on the weekly charts. That’s another reason I said recently that we may be entering a period of consolidation for the sector as a whole. This could last into the spring since we’re at the beginning of an intermediate cycle. I hold a stock seeing a similar pattern and will add a little going forward every time it moves back to the lower BB.

          • On January 18, 2020 at 4:42 pm,
            Matthew says:

            CaliJoe, you should not be concerned due to the technicals because the technicals are very good. It doesn’t matter that Barrick is “out of sync” with NEM, it is going to do very well. For starters, it will easily reach its $24 Point & Figure price objective and will probably be on its way there very soon. This intermediate advance will likely take it to at least 25.50 and quite possibly even as high as 30-31.

            That’s not advice and I do not own it.

            https://stockcharts.com/h-sc/ui?s=GOLD&p=W&yr=4&mn=6&dy=0&id=p83928789634&a=638198513

  13. On January 18, 2020 at 3:52 pm,
    Excelsior says:

    “There is No Such Thing as a Free Lunch” for Central Banks

    Gary Wagner – January 17, 2020 #TechnicalAnalysis #Chart #Video

    “After last week’s historic rise to a seven-year record high for, this week when compared to last week the range is extremely contracted. While traders were relieved to see that the daily range in gold was much more manageable, rightfully so many were disappointed in the small price moves.”

    “Gold futures did close very near the opening price on Monday, near the high of the week. However, the price difference between the high and low this week was roughly $18, a mere blip when compared to last week’s price range.”

    “Over the last week we have speculated as to why gold was so resilient in light of so much overwhelming news that typically would put selling pressure on the precious yellow metal. The simple answer, which is by no means a complete picture, is recent actions by central banks. Although each country took a different approach their objective was aligned and designed to obtain the same result; continued economic expansion. But as everyone knows there are intrinsic costs to these actions and at some point, the bill must be settled.”

    There is a cost intrinsic to central bank action. The best expression to describe that cost intrinsic to economic expansion being “there is no such thing as a free lunch”.

    https://thegoldforecast.com/video/%E2%80%9Cthere-no-such-thing-free-lunch%E2%80%9D-central-banks

  14. On January 18, 2020 at 10:16 pm,
    Nick says:

    Could someone enlighten me please.

    EQX – Christian Millau.

    In the interview, with regards to the CAPEX that they are going to be spending in the coming years he makes mention of USD 200m being spent, comprising:-

    1. USD 115m to build a “CIL” plant at Los Filos to cater for production levels of 200-400k oz pa and
    2. USD 85-90m to build an underground mine at Los Filos.

    What prey tell is a “CIL” please?

    Thanks

    • On January 19, 2020 at 8:42 am,
      Excelsior says:

      Carbon In Leach (CIL) gold extraction method versus the traditional heap leach process.

      This CIL process improves metals recovery rates, allows ore to be blended from multiple deposits, and provides lower operation cost.

      See page 20 of the Leagold Corporate Presentation:

      https://www.leagold.com/_resources/presentations/oct-2019-Los-Filos-site-visit-v2-new.pdf

      • On January 19, 2020 at 8:43 am,
        Excelsior says:

        Hat tip to Thomas who pointed this out at the top of this blog.

        • On January 19, 2020 at 9:14 am,
          Thomas says:

          Yes, that went wrong – my intend was to put it in here -:)
          Thanks Ex

          • On January 20, 2020 at 9:09 am,
            Excelsior says:

            10-4. Cheers!

  15. On January 19, 2020 at 8:10 am,
    Wolfster says:

    Sorry if this is shows up eventually. I tried twice on my iPad and don’t see it. New red lake gold rush article

    https://smallcappower.com/expert-articles/red-lake-ontario-gold-stocks/

  16. On January 19, 2020 at 8:12 am,
    Dick Tracy says:

    Hi Wolfster, Bob M’s talks about Hannan metals (12-26-2019) with Jay Taylor, around 3:40.DT
    https://jaytaylormedia.com/media/MoriartyCook0191224.mp3

    • On January 19, 2020 at 11:19 am,
      Wolfster says:

      Thanks DT. Especially liked the ahead of the herd article.

  17. On January 19, 2020 at 11:53 am,
    Wolfster says:

    We look at battery investment from the raw materials side all the time,has anyone looked at the technology side. I’ve started looking at nano one but that’s the only one so far.

  18. On January 19, 2020 at 12:30 pm,
    Silverdollar says:

    From my file of terrific saved articles I re-read the following today from December 5, 2018. https://ceo.ca/@goldfinger/gold-stocks-could-be-at-key-long-term-inflection-point. The ratio of Gold/S&P in the article was 1240/2700, coming in at .46! I decided to run the problem with today’s levels, knowing it was much different. However, with gold at 1557/ 3330 S&P, I was dumbfounded to see again we’re at .4675. Unbelievable there has been so little change. So the question is, have we really gone anywhere since 5 December, 2018? Does this bother anyone else?

    • On January 19, 2020 at 1:15 pm,
      Matthew says:

      I’m often a broken record so you might recall that, for years, I have been bullish gold relative to dollars and bonds but “downright bearish gold relative to the gold miners.”
      Well, lo and behold, the gold (and silver) miners (HUI and XAU) are currently up 24% vs the S&P since December 5, 2018 (49% at the August peak!).
      https://stockcharts.com/h-sc/ui?s=%24HUI%3A%24SPX&p=D&yr=1&mn=6&dy=13&id=p56162674247&a=714798018

    • On January 19, 2020 at 1:22 pm,
      Matthew says:

      Btw & fwiw, the stock market keeps making nominal new highs but hasn’t made a new high versus gold since Sept. 2018. That’s the longest stocks have gone without making a new high versus gold since 2011.
      In fact, the S&P would have to rise 15%+ to get back to that high and 150%+ to get back to its all-time high 20 years ago (that’s a lot of fake prosperity and capital gains!).

    • On January 19, 2020 at 1:23 pm,
      Matthew says:

      I don’t know why this comment is “awaiting moderation” so here it is again:
      Btw & fwiw, the stock market keeps making nominal new highs but hasn’t made a new high versus gold since Sept. 2018. That’s the longest stocks have gone without making a new high versus gold since 2011.
      In fact, the S&P would have to rise 15%+ to get back to that high and 150%+ to get back to its all-time high 20 years ago (that’s a lot of fake prosperity and capital gains!).

      • On January 20, 2020 at 8:08 am,
        Charles says:

        This a great comment. Thanks for your perseverance!

  19. On January 19, 2020 at 12:50 pm,
    RICHARD/DOC says:

    Silver, it doesn’t bother me at all since it just shows you the potential for gold in the future. The higher the rise in the S&P, the greater the ultimate potential for those who hold gold the stocks.

  20. On January 19, 2020 at 2:58 pm,
    Excelsior says:

    Sprott Completes Acquisition of Tocqueville Gold Strategies and Provides Preliminary AUM Update

    by @nasdaq on 17 Jan 2020

    https://ceo.ca/@nasdaq/sprott-completes-acquisition-of-tocqueville-gold-strategies

  21. On January 19, 2020 at 2:59 pm,
    Excelsior says:

    Titans in Mining: An Interview with Rick Rule Part I

    by @CriticalInvestor on 19 Jan 2020

    https://ceo.ca/@criticalinvestor/titans-in-mining-an-interview-with-rick-rule-part-i

  22. On January 19, 2020 at 6:17 pm,
    Terry Huebert says:

    VIA borrows $6,000,000 and this is good news? Finding silver in Mexico is like finding tacos at the market.

  23. On January 19, 2020 at 6:38 pm,
    Dick Tracy says:

    Rhodium up $300, Palladium up $63………………

  24. On January 19, 2020 at 9:06 pm,
    OOTB Jerry says:

    Rhodium at $8000 …………like crazy…….

  25. On January 20, 2020 at 2:29 am,
    Chartster says:

    Lots of good comments about metals in general on this thread.
    I’m liking copper, zinc and rare earth a lot right now.
    And cannabis stocks

    Gold is a different story. The daily chart is rolling over and due for a little correction. No big deal. The weekly chart looks ok,, unless you keep looking (like I am) at the massive black shooting star candle that happend two weeks ago. Last time one like that happened gold dropped 30%. But the monthly chart looks good, but the 100 month MA has been rolling over while price is going up? Bullish? (..uh,no)
    If gold breaks mid to upper 1200s, it’s going to 1050 (and fills some pesky gaps).

    Just a heads-up.
    (not a turd in the middle of the birthday cake)

    • On January 20, 2020 at 9:22 am,
      Matthew says:

      Just a heads up? More like much ado about less than nothing. To even talk about “breaking to mid to upper 1200s” is ridiculous at this time.

      Did you notice that gold has already returned to a 70+ weekly RSI and has a new weekly MACD buy signal? Or how about the fact that the quarterly upper Bollinger Band continues to act as support rather than the usual resistance? Gold is nothing but strong.

      Also ridiculous at this time is the notion that “the daily chart is rolling over and due for a little correction.”
      It has already corrected and has been rising for a week. Yes, it could be setting up for one more modest decline but “rolling over” is currently misleading. And if it does drop again, I suspect we’ll see the miners positively diverge from the metal (again).

      More importantly, I’d watch for a weekly close above about 1595 since that will probably cause a near vertical move to levels many don’t expect so soon.

      https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=9&mn=0&dy=0&id=p26595751400&a=693559276

  26. On January 20, 2020 at 5:38 am,
    OOTB Jerry says:

    I do not know if anyone has posted this…..or If, most gold bugs know this info…….
    https://www.mining.com/no-need-to-dig-deep-to-find-gold-study/?utm_source=Daily_Digest&utm_medium=email&utm_campaign=MNG-
    DIGESTS&utm_content=no-need-to-dig-deep-to-find-gold–study
    Miners working at porphyry copper and gold deposits should be aware that the deeper a deposit is, the more copper there will be, while gold-rich deposits are closer to the surface. This, according to a study published in Nature Communications.

  27. On January 20, 2020 at 7:32 am,
    Dick Tracy says:

    This is a traders market, these fluctuations in Palladium and Rhodium will drive some of these micro caps ballistic, like Bigfoot stepping on an anthill! LOL! DT

    • On January 20, 2020 at 8:23 am,
      OOTB Jerry says:

      Ditto……..

    • On January 20, 2020 at 11:53 am,
      Excelsior says:

      DT – the Palladium and Platinum stocks are going ballistic again today, just like they were all last week. There are just few companies for all the investor money to dump into that it is rising the valuations in these Jr miners in a big way.

      • On January 20, 2020 at 11:57 am,
        Excelsior says:

        More Precious Than gold: Why The Metal Palladium Is Soaring

        20 January 2020 – BBC

        “It has jumped by more than 25% in the last two weeks alone, and almost doubled in value over the last year.”

        “At about $2,500 (£1,922) an ounce of palladium is more expensive than gold, and the pressures forcing its price up are unlikely to ease anytime soon.”

        https://www.bbc.com/news/business-51171391

        • On January 20, 2020 at 2:25 pm,
          Excelsior says:

          It was another green day for the PGM stocks – many in beast mode.

          #Platinum & #Paladium stocks – Daily Change %

          NAM.V New Age Metals Inc. +33.33%
          XTM.V Transition Metals Corp. +20.00%
          BULL.CN Canadian Palladium Resources Inc. +12.90%
          PGM.AX Platina Resources Limited +11.76%
          SGQ.AX St George Mining Limited +8.00%
          PTM.TO Platinum Group Metals Ltd. +7.88%
          GRDM.V Grid Metals Corp. +7.14%
          GENM.CN Generation Mining Limited +7.02%
          JLP.L Jubilee Metals Group PLC +5.78%
          PGE.V Group Ten Metals Inc. +5.00%
          SGL.JO Sibanye Gold Limited +4.85%
          SLP.L Sylvania Platinum Limited +2.89%
          IMP.JO Impala Platinum Holdings Limited +2.56%
          GMKN.ME Norilsk Nickel +1.51%
          ELR.TO Eastern Platinum Limited +1.49%
          WSA.AX Western Areas Limited +0.35%
          IVN.TO Ivanhoe Mines Ltd. +0.25%

    • On January 20, 2020 at 11:16 pm,
      Excelsior says:

      Why Palladium Is Suddenly a More Precious Metal: QuickTake

      By: Eddie van der Walt and Ranjeetha Pakiam – January 20, 2020

      “Palladium is the most valuable of the four major precious metals, with an acute shortage driving prices to fresh records. A key component in pollution-control devices for cars and trucks, the metal’s price has trebled in three years, bringing it at first level with the price of gold, then lifting it way beyond.”

      “Supply has lagged demand for almost a decade. Usage is increasing as governments, especially China’s, tighten regulations to crack down on pollution from vehicles, forcing automakers to increase the amount of precious metal they use.”

      “Palladium’s status as a byproduct to platinum or nickel mining means producers aren’t quick to respond to price changes. In fact, output is projected to fall short of demand for a ninth straight year in 2020. That’s helped drive prices to successive records.”

      https://www.bloomberg.com/news/articles/2020-01-20/why-palladium-is-suddenly-a-more-precious-metal-quicktake-k5n00l9z

  28. On January 20, 2020 at 9:23 am,
    Matthew says:

    IMPACT Silver Samples 205.7 g/t Silver over 22.7 Meters Width Along Length of 50 Meters at Veta Negra Open Pit; Veins Traced over 650 Meters Length

    https://www.newsfilecorp.com/release/51653

    • On January 20, 2020 at 10:15 am,
      Excelsior says:

      Those are good longer segments for Impact. Nice.

      • On January 20, 2020 at 9:57 pm,
        Excelsior says:

        Interesting report back on Impact from an attendee at the mining conferences the last few days:

        @Zealous_Monkey – “Had a chance to talk with Fred Davidson during the conference, great guy, honest, straight forward, and very knowledgeable. When silver forms a nice base in the low 20s dollars/ounce, they will ramp up production, and takes about three months to bring higher cost mines back into production, and silver output for Impact will more than double within a short period of time.”

  29. On January 20, 2020 at 10:46 am,
    Excelsior says:

    Check out this graphic on major corporations branches into different brands. It’s a pretty powerful visual called “Ten Corporations control almost everything you buy”:

    http://thumbnails.visually.netdna-cdn.com/10-corporations-control-almost-everything-you-buy_5278076859784_w1500.jpg

    • On January 20, 2020 at 11:30 am,
      OOTB Jerry says:

      Really Sad………….think of all the poison foods…….

  30. On January 20, 2020 at 1:09 pm,
    Excelsior says:

    Eric Coffin, HRA Advisories ” #Gold’s Big Picture”

    Metals Investor Forum #MIF on Jan 17-18, 2020 in Vancouver #VIDEO

    https://www.youtube.com/watch?v=rz5Bpw71A3Q

    • On January 20, 2020 at 1:10 pm,
      Excelsior says:

      Gwen Preston, Publisher, Resource Maven ” #Gold: Just Getting Started”

      Metals Investor Forum #MIF on Jan 17-18, 2020 in Vancouver #VIDEO

      https://www.youtube.com/watch?v=WCKO4N1U2HE

      • On January 20, 2020 at 1:10 pm,
        Excelsior says:

        Joe Mazumdar of Exploration Insights “Hickory Dickory Dock”

        Metals Investor Forum #MIF on Jan 17-18, 2020 in Vancouver #VIDEO

        https://www.youtube.com/watch?v=vcMTG2-nNdo

        • On January 20, 2020 at 1:11 pm,
          Excelsior says:

          Greg McCoach, The Mining Speculator “The two most certain things in life beyond death and taxes”

          Metals Investor Forum #MIF on Jan 17-18, 2020 in Vancouver #VIDEO

          https://www.youtube.com/watch?v=CdScBPvyUVM

          • On January 20, 2020 at 1:12 pm,
            Excelsior says:

            Brien Lundin editor of Gold Newsletter “The New #Gold Bull Market”

            Metals Investor Forum #MIF on Jan 17-18, 2020 in Vancouver #VIDEO

            https://www.youtube.com/watch?v=k-KXKg5dAtU

          • On January 20, 2020 at 1:15 pm,
            Excelsior says:

            Jay Taylor, J Taylor’s Gold, Energy&Tech Stocks “Which #SafeHaven Markets Will Dominate?”

            Metals Investor Forum #MIF on Jan 17-18, 2020 in Vancouver #VIDEO

            https://www.youtube.com/watch?v=K8G-QashQLM

          • On January 20, 2020 at 1:16 pm,
            Excelsior says:

            John Kaiser, Kaiser Research Online “After a lost decade will resource juniors make a comeback in the twenties?”

            Metals Investor Forum #MIF on Jan 17-18, 2020 in Vancouver #VIDEO

            https://www.youtube.com/watch?v=PuxnNgDO5_E

          • On January 20, 2020 at 1:17 pm,
            Excelsior says:

            Jordan Roy-Byrne, Editor & Publisher of The Daily Gold Premium “How to find 10-Baggers & Big Winners”

            Metals Investor Forum #MIF on Jan 17-18, 2020 in Vancouver #VIDEO

            https://www.youtube.com/watch?v=jE6ihYK5ehw

  31. On January 20, 2020 at 2:38 pm,
    RICHARD/DOC says:

    The PM charts look okay here but the ETF charts aren’t as strong.

    • On January 21, 2020 at 9:16 am,
      Charles says:

      Doc – I saw your and Ex. commentary above on CDE. In looking at my charts, it looks to me the CDE could get down all the way back toward the October low around $4.25. Is that how you are seeing it? I don’t know if it will get all they way back down there, as the 50 week is around $4.75, but it seems like in any event it is going to be a while before the next move. I would say best case around early March IMHO.

      • On January 21, 2020 at 11:29 am,
        Matthew says:

        Charles, fwiw, I wouldn’t be surprised if it is bottoming right now even if silver still has a little more downside (emphasis on “a little”).
        https://stockcharts.com/h-sc/ui?s=CDE&p=D&yr=1&mn=2&dy=0&id=p55603912191&a=715171520

      • On January 21, 2020 at 11:32 am,
        Matthew says:

        Noble Capital maintains its Outperform rating with a target of $7 while Cormark calls it a Buy with a target of $9.25

      • On January 21, 2020 at 11:34 am,
        Matthew says:

        RBC Capital Markets downgraded it to Sector Perform from Outperform.

        • On January 21, 2020 at 2:30 pm,
          Charles says:

          Thanks for your technical take Matthew. I am going to wait a few more days. Not sure I am going to play it or not at these levels.

          • On January 21, 2020 at 2:44 pm,
            Excelsior says:

            Charles, I grabbed a starter position in CDE on Friday during the fishing line sell off, but hit has pulled back just a bit more today, so I’m waiting until later this week to see about adding a 2nd tranche.

          • On January 22, 2020 at 12:09 am,
            Charles says:

            Thanks for sharing your plan Ex.

  32. On January 20, 2020 at 10:57 pm,
    Excelsior says:

    Gold $1566 Silver $18.12 up in overseas trading.

    • On January 21, 2020 at 12:09 am,
      Excelsior says:

      …and they’re both selling off again…. still it was encouraging.