Gold majors continue to run higher while select juniors are starting to play catch up
Craig Hemke joins me to share his thoughts on the news out of Newmont regarding the 78% increase in dividends. This should attract more big money into the sector. We debate what it’ll take to have that money filter down to the juniors.
Click here to visit Craig’s website and follow along with his metals comments.
In case you missed it there are a couple special webinars in the coming week! Click the links below to sign up and have first access to the live event and the recording.
Great Bear Resources – Replay from Thursday April 23rd at 11:30am PT – Click here to sign up and watch the replay.
IsoEnergy – Wednesday April 29th at 1pm PT – Click here to sign up
GFG Resources, TriStar Gold and Precipitate Gold Now in Bed with Majors
Bob Moriarty – (4/23/20)
“Newcrest backed out of a deal with GFG Resources Inc. (GFG)(GFGSF) on the Rattlesnake property in Wyoming recently. Rattlesnake is an alkaline system. Those tend to be both very big and very rich.”
“But meanwhile on the strength of the PEN monster hit, Alamos Gold Inc. (AGI) has stepped up to the plate to inject enough money into a non-brokered PP to bring them up to 9.9%.”
“TriStar Gold (TSG) is yet another junior that has a major betting on their success. In August of last year TriStar announced an $8 million deal with Royal Gold where Royal put in money in different tranches and got some warrants as well.”
“Not to be outdone, Precipitate Gold just announced a funding deal with Barrick Gold. Barrick is willing to pay up to $10 million in exploration on Precipitate’s Pueblo Grande project and conduct a pre-feasibility study to earn 70% of the property. In addition Barrick will invest $1.39 million CAD into Precipitate shares at $0.11.”
would love to hear comments on Great Bear
Precious Metals Premiums, the COMEX and the Macro Picture
Streetwise Reports – (4/22/20)
“Maurice Jackson of Proven and Probable speaks with Andy Schectman, president of Miles Franklin Precious Metals Investments, about the present situation with physical precious metals.”
Gold on the Cusp of Reaching $2,100
by @TheTechnicalTraders – Chris Vermeulen – 23 Apr 2020
Chris is seeing uncertainty that could bring equities lower as money is flowing into safe havens. The charts are showing that markets are approaching a major inflection point, which could go either way. Both gold and silver should rise rapidly once they get past resistance.
Time Stamp References:
– 0:45 – Equities and safe havens.
– 2:00 – Market weakness – bear rally?
– 4:45 – Charts show a coming inflection point.
– 9:20 – Charts testing support on gold.
– 10:20 – Silvers chart is still ugly.
– 12:15 – What happened in oil?
– 20:00 – Equities may top and rollover.
https://ceo.ca/@thetechnicaltraders/gold-on-the-cusp-of-reaching-2100
Gold Stocks About To Rally While Oil Becomes Less Than Worthless, What?
April 21, 2020 #VIDEO with Chris Vermeulen
Looks like NEM’s takeover of GG last year was a great buy. I hope NEM buys Lion One and Irving some day on a share for share takeover.