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An optimistic outlook for gold and gold stocks through July

Cory
July 2, 2020

Craig Hemke joins me to share his outlook for the precious metals through July. He points to a number of factors that has him believing higher prices will continue.

Click here to visit Craig’s site – TF Metals Report.

Discussion
56 Comments
    Jul 02, 2020 02:14 PM

    JPM…….contracts………

    Jul 02, 2020 02:18 PM

    I think the number for silver …..as we have said many times….is $20 -21….no excitement until then….some reason silver can not pull it’s weight…..jmo

      Jul 02, 2020 02:02 PM

      ….don’t look now…..but here comes SILVER!

        Jul 02, 2020 02:10 PM

        The Lone Ranger Hi Ho Silver Away

        https://youtu.be/rZIqg0gBcYM

          Jul 02, 2020 02:23 PM

          That be the silver bullet chart…….expert…… šŸ™‚

            Jul 02, 2020 02:24 PM

            Well, he is right in style, a man ahead of his time….with the MASK…
            I think he is after Bill Gates and Fauci…. lol

            Jul 02, 2020 02:51 PM

            Yep the Lone Ranger was a fan of Silver and wearing his mask long before it was trending.

            I hope he finds Gates and Fauci and pistol whips them. šŸ˜‰

            Jul 02, 2020 02:56 PM

            šŸ™‚

      Jul 03, 2020 03:46 AM

      Graddhy – Commodities TA+Cycles @graddhybpc – 4 hrs ago:

      $SILVER – “We got that pretty back test to my pink triangle on spot. In-between the white dotted resistance line and the pink support line, we are in no manĀ“s land.”

      https://twitter.com/graddhybpc/status/1279039975615598593

      Jul 02, 2020 02:29 PM

      Johnny…..is not going to buy silver…..if , he is on welfare………..jmo

    Jul 02, 2020 02:03 PM

    Sprott Money News Weekly Wrap-up with Eric Sprott & Craig Hemke

    Sprott Money ā€“ July 2, 2020 #AudioInterview

    https://youtu.be/sdZrYCG_LMM

      Jul 02, 2020 02:31 PM

      Some good comments from Eric Sprott regarding Tudor/American Creek/Tudor, Kore Mining, Freegold Ventures, Amex Exploration, Discovery Metals, and Alexco.

      He said Discovery Metals was his favorite. Nice.

        Jul 02, 2020 02:35 PM

        (DSV) (DSVMF) Discovery Metals Presents at the Adelaide Capital Silver Conference

        Adelaide Capital – June 11, 2020 #VIDEO

        “Taj Singh, President & CEO, Forbes Gemmell, VP Corporate Development, of Discovery Metals discuss the Cordero Project. Cordero is the fourth largest development-stage silver project globally with global Resources of 1.5B oz @ 40 g/t AgEq. The Company’s current Phase 1 Drill Program of 30,000-35,000m is focused on defining higher-grade zones, targeting an updated PEA with improved economics and new resource model in 1H2.”

        https://youtu.be/kqmXX_df_HI

          Jul 02, 2020 02:37 PM

          SF Live Ep 48 – Discovery Metals Corp.

          Soar Financial – Jun 15, 2020

          “Discovery Metals Corp. is actively exploring and developing the Cordero project in Mexico. The company is currently drilling to expand a higher grade portion of the asset to increase economics. We caught up with President & CEO Taj Singh to discuss the recent financing, what it is like to be part of the Oxygen Group and his plans advancing the asset.”

          https://youtu.be/I29CF_GMr0w

            Jul 02, 2020 02:20 PM

            A Conversation with Mark O’Dea – Words of Wisdom from one of the Sector’s Best

            @Leni (Brian Leni) – July 2, 2020 $PGM Pure Gold $LGD Liberty Gold $DSV Discovery Metals $SUNM Sun Metals ; Oxygen Capital Group

            As governments continue to print trillions of dollars to stabilize the economy with interest rates near zero and debt levels through the roof, gold has reacted to that and has adjusted upwards very nicely. Printing all this new money inevitably leads to serious reduction in the future purchasing power of a dollar. Owning gold, which is rare and intrinsically valuable, as opposed to a paper dollar, is a way to preserve the purchasing power of your money. So, in my experience, having gold as an allocation in your portfolio is a sensible thing to do.’

            ‘There are great opportunities that exist in the gold equities right now, and whatā€™s compelling from an investment thesis is that weā€™re seeing operating margins increase dramatically with this rise in gold price.’

            https://ceo.ca/@leni/a-conversation-with-mark-odea-words-of-wisdom-from-one-of-the-sectors-best?92b1cae496b3

        Jul 02, 2020 02:53 PM
          Jul 02, 2020 02:28 PM

          I have many of the same positions as Sprott (and was in many of them before he came in to assist with a financing):

          – Jaguar Mining, Pure Gold, Discovery Metals, Excellon Resources, Kootenay Silver, Dolly Varden Silver, Bonterra Resources, Metallic Minerals Corp, Brixton Metals, Orefinders Resources.

          >> That list is incomplete as I know Eric Sprott has mentioned he has a small position in Impact Silver, and he just mentioned he has a position in Alexco on today’s show. In addition Eric Sprott did a big financing for Americas Gold & Silver and that was not on that list either.

            Jul 02, 2020 02:32 PM

            This list over at ceo.ca fills in the gaps on which companies Eric Sprott holds:

            https://ceo.ca/@jgms:eric-sprott-holdings?5637687e63b9

            Jul 03, 2020 03:19 AM

            Trumped again……lol…..btw I had mentioned recently that I was already starting to look at copper plays for a big bull run possibly beginning in the next year or so…from some of the copper plays I follow its very apparent some have beaten me to the punch. šŸ˜ž

            Jul 03, 2020 03:10 AM

            Haha! It was a good share Wolfster, but I knew when I didn’t see Alexco, Impact, and Americas Silver on the Eric Sprott holdings that it was incomplete. That contributor @jgms did a good job compiling all his holdings into one site, so your post encouraged sharing that. Cheers!

            As for Copper plays, yes the red metal has started to come alive a bit and I noticed some of the Cu stocks are starting to move. Still, most of their moves are still in front of us and I need to spend some time on my Copper watchlist to see which companies are still alive and ticking…

            Jul 03, 2020 03:16 AM

            Gary Tanashian @NFTRHgt on Twitter:

            “Sorry to be a party pooper but Doctor Copper has not proven itself yet”

            (chart)

            https://twitter.com/NFTRHgt/status/1278694098405335042

    Jul 02, 2020 02:24 PM

    Gold $1776………….what a sense of humor …….on a July holiday week…..

      Jul 02, 2020 02:45 PM

      +1776

        Jul 02, 2020 02:04 PM

        And they say the price of gold is rigged…how dare they

          Jul 02, 2020 02:25 PM

          šŸ™‚

            Jul 03, 2020 03:36 AM

            @Benedict – Great point on spot #gold at $1776 for Independence Day tomorrow.

            > Maybe the yellow metal just got into the Spirit of ’76. šŸ˜‰

            “The Spirit of ’76 is a sentiment explored by Thomas Jefferson. According to the text published at Monticello, “The principles outlined in the Declaration of Independence promised to lead Americaā€”and other nations on the globeā€”into a new era of freedom. The revolution begun by Americans on July 4, 1776, would never end. It would inspire all peoples living under the burden of oppression and ignorance to open their eyes to the rights of mankind, to overturn the power of tyrants, and to declare the triumph of equality over inequality.”

            “Thomas Jewett wrote that at the time of the American Revolution, there was “an intangible something that is known as the ‘Spirit of ’76.’ This spirit was personified by the beliefs and actions of that almost mythical group known as the Founding Fathers, and is perhaps best exemplified by Thomas Jefferson.”

            Jefferson and the Second Continental Congress believed the Spirit of ’76 “included the ‘self-evident’ truths of being ‘created equal’ and being ‘endowed by their Creator with certain inalienable rights’ including ‘life, liberty, and the pursuit of happiness.'”

            https://en.wikipedia.org/wiki/Spirit_of_%2776_(sentiment)

    Jul 02, 2020 02:45 PM

    WILD VOLATILITY CONTINUES AS US MARKETS ATTEMPT TO ESTABLISH NEW TREND

    July 2, 2020 – The Technical Traders – Chris Vermeulen

    https://www.thetechnicaltraders.com/wild-volatility-continues-as-us-markets-attempt-to-establish-new-trend/

    Jul 02, 2020 02:02 PM

    Quantum Manifestation with Marina Jacobi

    at 10:20 she talks about new monetary system, which is AI & is so secretive… Trump will win…Trump, Xi, Putin and Modi are all working together in draining the swamp. The virus is almost over because they needed the streets cleared to take out the criminals.

    https://www.youtube.com/watch?v=nEM0rv-sa0w

      Jul 02, 2020 02:33 PM

      Hummm……..nutty as a fruit cake……

        Jul 03, 2020 03:01 AM

        We’ve been hearing that same trope for months now that the virus was the justification for hundreds of mass arrests from the sealed indictments. When the hell were they planning on starting, as the states have been opening back up for over a month now and so far other than Jeffery Epstein’s madame, nobody was charged with anything. All this Q nonsense about the lockdowns being a ploy for the “white hats” to go arrest all the bad actors is rubbish.

          Jul 03, 2020 03:55 AM

          I said this on the other section….
          On July 3, 2020 at 6:49 am,
          OOTB Jerry says:
          I think you are assuming, that she was not intelligent enough to keep some insuranceā€¦on the playersā€¦.

          Funny how she comes out just prior to the election, and right on time,,,July deadline for the ā€œQā€ fansā€¦which are still waiting for the 100,000 sealed indictments

          Reply to this comment

            Jul 03, 2020 03:04 PM

            Barr’s father, was Epstein’s teacher……….according to reports. Epstein was hired to teach students to fly.
            Epstein was a pilot ….these students became agents,for the drug running operations, and trained lures and bait for compromising govt officials….Dynecorp, connection.
            According to George Webb, site

            Jul 03, 2020 03:17 PM

            Ah, yes, you were already well on the case on the other tread OOTB. šŸ™‚

            Cheers!

            Jul 03, 2020 03:18 PM

            tread = thread

            Jul 03, 2020 03:16 PM

            They (cia) deepstate micc……have been playing us like a fiddle since 1947….elitist way before that……Like Bobby said, …NO BODY KNOWS ANYTHING….

          Jul 03, 2020 03:25 PM

          Q: canā€™t have 50,000 indictments unless those 50,000 or more charges came from a Constitutionally, legally defined entity with recognized jurisdiction over each crime. Each indictment had to issue from a jurisdictionally recognized Court Ordered Grand Jury. In essence, these indictments originated out of a self appointed, politically oriented group that filed their charges in New york and were quickly denied as they lack legal and substantive validity. After that they began claiming they were coming from a Military Tribunal, which was also garbage. Then they worked their way up to 50,000+ indictments but had nowhere to proceed. Didnā€™t matter to Q followers.Go figure. I would just like our regulators to do their jobs… but they are blocked. Q followers ought look into that issue. The regulators are Constitutionally recognized and could actually get something done.

            Jul 03, 2020 03:53 PM

            David…….I agree…….Q and the 5 d chess…..is I think , like Ex said….rubbish….

            Jul 03, 2020 03:03 PM

            Great points David. I’d love to see the regulators do their jobs as well but am not holding my breath about that happening. It is just sad the Q believers have been hoodwinked for months now about all these hundreds or thousands of mass arrests that were coming, and it was all a pipe dream. They smirked and wailed at folks on social media during the entire lockdown process making buffoons of themselves, alienating friends and family, and it was never going to happen.

            Yes, agreed OOTB – Q & the 5 D Chess is rubbish…

            Jul 03, 2020 03:09 PM

            I find this article interesting……
            Following four years of uninterrupted flagwaving and MAGA-chanting there is, of course, a hardcore of true believers who believe that Trump is nothing short of brilliant and that he will ā€œkick assā€ everything and everybody: from the spying Russians, to the rioting Blacks, from the pandemic, to the lying media, etc. The fact that in reality Trump pitifully failed to get anything truly important done is completely lost on these folks who live in a reality they created for themselves and in which any and all facts contradicting their certitudes are simply explained away by silly stuff like ā€œQ-anonā€ or ā€œ5d chessā€. Others, of course, will realize that Trump ā€œdeflatedā€ before those whom he called ā€œthe swampā€ almost as soon as he got into the White House.
            https://www.unz.com/tsaker/does-the-next-presidential-election-even-matter/

            Jul 03, 2020 03:14 PM

            Every time , I think Trumpster was going to do something , in the last 4 yrs…..I think of the movie Braveheart , and the Wallace character,….and how dumbfounded he was when he figured out he had been hoodwinked……just saying…

            Jul 03, 2020 03:16 PM

            think to thought ….

            Jul 03, 2020 03:30 PM

            Yes, that sums things up very well. It’s sad, because there was a small piece of me that was hoping someone, anyone… would actually stand up to the deep state and MIC and elitist globalist cabals and actually expose them and make strides to “drain the swamp” and arrest the criminals, but all Trumpster did was fill the swamp with new swamp creatures and bow down to the forces really calling the shots.

            As he would say…. “Sad… so sad…”

    Jul 02, 2020 02:33 PM

    U.S. Moves Closer To Digital Dollar

    Forbes – Tatiana Koffman – July 1, 2020

    “On June 30th, 2020, the Senate Banking Committee held a hearing on the future of the digital dollar. The pressures to create a digital USD are mounting as China recently began testing its own digital currency – the DCEP, which will be included in popular applications like WeChat and AliPay. Of particular concern is widespread adoption of a digital yuan in emerging markets and in international trade.”

    “The idea of a dollar-backed digital currency gained mainstream media attention last year during the Libra congress hearings, where Facebook introduced a new type of digital unit backed by a basket of currencies and commodities.”

    https://www.forbes.com/sites/tatianakoffman/2020/07/01/senate-moves-closer-to-digital-dollar/#4004fc307279

      Jul 02, 2020 02:40 PM

      Trying to do away with bitcoin……..through new law……I .posted an article about it yesterday…..
      Will open up the way for the fake fed..micc….to gain control over all…..

        Jul 02, 2020 02:38 PM

        Agreed OOTB. I’ve mentioned many times that the end game for the global elitist cabals it to have a world digital currency, and it will crush many liberties people take for granted today. It already started with the Chinese digital Yuan, and the US will launch a digital currency, and eventually as part of the “Great Reset” the deep state will use the “Problem/Reaction/Solution” technique to introduce a global digital currency.

        > Problem – the nations of the world have debt loads that can never be paid back and the world is sick of the US Dollar being the world’s reserve currency
        > Reaction – the nations of the world have some much infighting in the Currency Wars that people finally declare, “Someone needs to do something. This can’t go on.”
        > Solution – The Deep State will then push the “fair” “cashless” “global” digital currency on the world their grip on the planet will be complete.

          Jul 02, 2020 02:42 PM

          As for Bitcoin and other cryptocurrencies operating autonomously parallel to the new national digital currencies, it is still unclear how that will all work itself out. In theory there isn’t anyone in control of Bitcoin, so I’m not sure how they could stop it on a global basis. The cryptos still may have a part to play in all of this, so I’m trying to keep an open mind and be flexible as the world is changing fast.

            Jul 02, 2020 02:46 PM

            It is also interesting and important to note that Facebook’s attempt at Libra was a new type of digital unit backed by a basket of currencies and commodities.ā€

            We keep hearing from certain commentators that a basket of currencies and commodities is ridiculous and to not walk but run from the idea, but it clearly is being considered and Facebook almost pulled it off. Other digital based currencies may very well peg themselves to a basket of currencies and commodities, so folks shouldn’t be so quick to dismiss this idea as fiction…. it very well may become the reality of the future, and since nobody knows what is coming, it is best to keep an open mind about things.

    Jul 02, 2020 02:15 PM

    WATCH: Triggered with Donald Trump Jr and Richard Grenell!

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

    Jul 03, 2020 03:04 AM

    U.S. Trade Tumbles 30% ā€” And, More Troubling, Gold Is New Top Import
    Ken Roberts – Forbes Contributor – Jul 2, 2020

    “Two decades of analyzing trade data and how policy affects it, publishing annual port-based publications, producing weekly videos, speaking nationally and hosting events.”

    “U.S. trade fell a startling 29.83% from the same month last year and, for the first time, gold was the most valuable import, according to Census Bureau data released Thursday for the month of May.”

    “While the trade data is riddled with troubling data ā€” the May decline is nearly 50% greater than the 20.91% decline in April ā€” it stood in stark contrast to employment numbers also released on Thursday. The government announced the U.S. economy added 4.8 million jobs in June, initially sending a stubbornly upbeat market upwards.”

    “In that data, gold is a big red flag. It attracts buyers frightened by the economic outlook, sending the price higher. The value of gold imports increased more than 1,700% over the previous month of May, replacing computers as the top U.S. import.”

    https://flip.it/Xh1Hmy

    Jul 03, 2020 03:07 AM

    Grant Williams @ttmygh on Twitter Ā· 14 hrs ago:

    “If you donā€™t own any gold, buy some. If you own some, buy more. ”

    “We are going to places where, no matter how much you have, youā€™ll wish you had more. ”

    “Sadly.”

    https://twitter.com/ttmygh/status/1278854269047799814

    Jul 03, 2020 03:44 AM

    Bora Bora Capital @Steve63051825 on Twitter

    “$gold $GLD up $20 from the lows. Sentiment souring as guruā€™s are calling for ā€˜safetyā€™ and profit taking here, some even going short. Interesting setup as half of America re-shutting down – stimulus about to be upped again. Miners telling me the $1800+ breakout is imminent…”

    https://pbs.twimg.com/media/Eb7r-pjUYAAvS0c?format=jpg&name=900×900

    Jul 03, 2020 03:55 AM

    Good thoughts on (SGI) (SUPGF) Superior Gold over at ceo.ca today:

    @aufinder (SGI) – “Set to open at .95 – could we finally get over a 1.00 today? 100k $gold producer in one of the best mining locations in the world? 3 – 5 dollars is in sight by the end of 2020…”

    @48volts – “I think the market is waking up and seeing the extreme value here.”

    @SteveTo – “@48volts i agree with that statement. I have explores in my holdings with larger market caps :)”

    ____________________________________

    @Ty – $SGI Superior Gold #Chart (shows breakout gap higher):

    http://cdn.ceo.ca/1ffueto-Screenshot%202020-07-03%20at%2016.07.25.png

    Jul 03, 2020 03:40 PM

    Regulators are in the Administrative Branch. The supervision at the top of each regulatory agency are appointed by the President and approved by Congress. The career regulators do not have the final word. Regulators worked for the POTUS and he can direct their activities within the Constitution, Statutes and agency regulations. POTUS also has the ability to tell the appointed leadership to stand down. The Whistle Blower program was designed to combat the unauthorized activities of the agencies. Undermining the whistle blowers is criminal. The Justice Department Is the only criminal agency at the Federal Level and the Appointed Attorney General controls it and works for the POTUS. If the Attorney General neutralizes the Justice Department, you in essence guarantee a ā€œDeep Stateā€. For instance: The Federal Reserve Banking System. Corrupting that System and passing new law by the Supreme Court like Citizens United, locks in an expanded Deep State to the point that it can control from one Administration to another as all economic issues and power can be ongoing through financial support and backing. It also opens the door to massive corruption leading to the transfer of wealth through Treasury Dept bailouts. The Deep State is that which is not regulated initially through deregulation, ending in owning the Treasury…until the economy fails…where we are today.

      Jul 04, 2020 04:35 AM

      David……I read your comments….there are some very good points contained within.

        Jul 04, 2020 04:38 AM

        Your comment on ………If the Attorney General neutralizes the Justice Department, you in essence guarantee a ā€œDeep Stateā€.
        This is where I think Barr is conflicted……