John Rubino over at Dollar Collapse – Mon 11 May, 2020

Thoughts on the first Great Bear Resources deep drill result

John Rubino joins me today for a look at the news out of Great Bear Resources today. The Company released a results of the first deep drill hole at the Dixie Project. The drill hole was drilled to a depth of 1,509 meters with the headline results showing 10.19 g/t gold over 19.00 m including 68.59 g/t gold over 2.65 m from 1,008.55meters downhole.

John is a shareholder of Great Bear and the Company is a sponsor of the KE Report. I will also be chatting with Chris later int he day tomorrow. If you have any follow up questions please email me at Fleck@kereport.com.

Click here to visit the John’s site – Dollar Collapse.

Click here to read over the full news release from Great Bear Resources.


Comments:
  1. On May 11, 2020 at 1:56 pm,
    Marty says:

    Remember, it still Takes 8-12 years on average to bring a name to production

  2. On May 11, 2020 at 6:06 pm,
    carmel farrugia says:

    I am very impressed by the company. Not to many honest leaders on these junior companies that have the leadership of Great Bear Resources. i have been blessed by owning shares of Great Bear Res.This company has a lot of more drilling to do before a major company come a calling and I wish they drill a DEEP hole at least on each km of the 5 kilometres they are trying to prove. That sure will keep the majors drooling over this great find.I have been a share holder for the past 8 months and not a seller till fortune hits.

  3. On May 12, 2020 at 5:20 am,
    Marty says:

    SILVERCREST: More bonanza gradeAu/Ag @ the Babi Vista close in vein system in Sonora, Mexico. This is like 2 Secretariats( along with Great Bear) going head to head the last 18 months, leaving the rest of the field in their wake

  4. On May 12, 2020 at 9:18 am,
    Excelsior says:

    Really good commentary and advice from John Rubino on this editorial around selling some on the rips and buying some on the dips with the volatile Jr miners. Agreed!

  5. On May 12, 2020 at 9:31 am,
    Matthew says:

    The XAU is battling big 10+ year-old fork resistance as well as 200 month MA resistance at the moment. A monthly close just 2 points higher (122) would take care of both.
    The HUI is also below the 200 month MA but GDM (basis for GDX) is well above it.

  6. On May 12, 2020 at 10:11 am,
    Matthew says:

    KBE bear flag breakout:
    https://stockcharts.com/h-sc/ui?s=KBE&p=D&yr=1&mn=0&dy=0&id=p09793303400&a=750149707

    The stock market is going down.

  7. On May 12, 2020 at 11:42 am,
    Glenfidish says:

    WOW! Great catch

    What targets you have Matt for dow low?

    • On May 12, 2020 at 12:08 pm,
      Matthew says:

      In the intermediate term, I’m guessing 21,500 to 20,700
      The long term bear market low will probably be no higher than 15,000, best case.
      In real terms, the Dow will probably fall 90% from here.

      • On May 12, 2020 at 12:28 pm,
        Glenfidish says:

        Wow! Great call once again and targets. You are superman on the charts and yet have time to post. I don’t know how you do it lol.

        Gold in a battle here and now..What do you think matt percentages to pop up and out of that triangle? sorry to put you on the spot 🙂

        thanks

        • On May 12, 2020 at 1:06 pm,
          Matthew says:

          Are you referring to the triangle on the daily chart? If so, we don’t need much. A little more than 1% would do it. If it breaks down from the triangle, we could still have a bull flag on our hands. Either way, gold could rescue the miners from their short term technical troubles since it has been correcting for a month now.
          https://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p26129367761&a=753284548

          • On May 12, 2020 at 1:23 pm,
            Glenfidish says:

            Yes matt sorry the daily triangle..correct

            You mentioned upside target from that daily triangle would send gold to higher targets 18-19 and change possible new all time high before bigger term corretion.

            What if it fails and breaks down from that triangle what targets do you have?

          • On May 12, 2020 at 3:40 pm,
            Matthew says:

            Glen, if it breaks down, there’s a good chance the fall won’t be too bad. As mentioned above, we could end up with a bull flag instead of the pennant/triangle. I’ll be surprised if the 1665 to 1650 area doesn’t hold.
            https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=0&mn=9&dy=0&id=p93789638818&a=753316320

  8. On May 12, 2020 at 1:09 pm,
    Matthew says:

    SILJ got tangled up in moving average and Fibonacci resistance:
    https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=2&dy=0&id=p68015198839&a=751760176

    • On May 12, 2020 at 6:19 pm,
      Glenfidish says:

      sick chart! Thanks buddy.. Makes mucho sense.