Jordan Roy-Byrne - Technical Commentary on the Metals – Wed 8 Jul, 2020

Can we still argue this is just the beginning of the gold stock bull market

With gold breaking out again and the stocks, both large and small, moving higher it has everyone wondering just how early stage is this bull market.

I chat with Jordan Roy-Byrne today about the significance of these breakouts for the metal and stocks. We discuss whether he thinks this is still early stages of the bull market. Also where he sees value in precious metals stocks.

Click here to visit Jordan’s site – The Daily Gold.

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Comments:
  1. On July 8, 2020 at 1:49 pm,
    OOTB Jerry says:

    Just load up and wait………….two years from today…..you will be very happy…..almost guarantee it…… 🙂

    • On July 8, 2020 at 2:16 pm,
      irishtony says:

      Hi Jerry….Here is some more for your notes..Re. Barr…You know how i feel about him.

      • On July 8, 2020 at 2:18 pm,
        OOTB Jerry says:

        Hello Irish………only a few watching Barr…..as Owl would say….”So What”…. 🙂

        • On July 8, 2020 at 2:19 pm,
          OOTB Jerry says:

          I say……So Watch Out….lol

  2. On July 8, 2020 at 2:29 pm,
    OOTB Jerry says:

    Gold going up just because the Pentagon……..wants more money. and a hand out….and Trump wants a strong military, and ever tom dick and harry in the MICC(congress especially….think about it…
    https://www.zerohedge.com/bailout/now-even-major-defense-firms-are-pushing-covid-stimulous-money

    • On July 8, 2020 at 2:30 pm,
      OOTB Jerry says:

      ever….to every…..

  3. On July 8, 2020 at 6:24 pm,
    Glenfidish says:

    Hey guys!

    I have a target but the competition has reached out to me and likes my calls in real time for the pass few months.

    So I’m forbidden to give nite calls lol…

    Maybe we can start a glen matters forum lol..

    Gold forever up or down? 🤫

    • On July 8, 2020 at 6:50 pm,
      OOTB Jerry says:

      Glen…….that is a good idea………….The Glen Forum Hour….

      • On July 8, 2020 at 7:45 pm,
        Excelsior says:

        I’d tune in for the Glen Forum Hour… inquiring minds want to know…. 😉

  4. On July 8, 2020 at 6:47 pm,
    Matthew says:
  5. On July 8, 2020 at 6:54 pm,
    Matthew says:
    • On July 9, 2020 at 4:37 am,
      Glenfidish says:

      Jerry, ex thanks for the good laugh 😆

      I’d like to finish the week strong with gold and silver as Matt suggested. Than maybe like I mention days of consolidation. Someone had asked me the other day possibly Charles about one of my four hidden stocks. Well it turns out you guys know already lol. So it’s really three..

      Betapro goldmminers bull 2x etf

      Hgu.to

      Entry point 20.80 low on June 5, 2020

      • On July 9, 2020 at 4:52 am,
        Excelsior says:

        Silver is looking strong again today, at $19.36 in the pre-market trading.

      • On July 9, 2020 at 9:15 am,
        OOTB Jerry says:

        Glen……a good laugh……makes one’s day…. and you are welcome

  6. On July 8, 2020 at 6:57 pm,
    Matthew says:
  7. On July 8, 2020 at 7:00 pm,
    Matthew says:
  8. On July 8, 2020 at 7:48 pm,
    Excelsior says:

    Robinhood Has Lured Young Traders, Sometimes With Devastating Results

    By Nathaniel Popper – July 8, 2020

    “Its users buy and sell the riskiest financial products and do so more frequently than customers at other retail brokerage firms, but their inexperience can lead to staggering losses.”

    “Mr. Dobatse, now 32, said he had been charmed by Robinhood’s one-click trading, easy access to complex investment products, and features like falling confetti and emoji-filled phone notifications that made it feel like a game. After funding his account with $15,000 in credit card advances, he began spending more time on the app.”

    “As he repeatedly lost money, Mr. Dobatse took out two $30,000 home equity loans so he could buy and sell more speculative stocks and options, hoping to pay off his debts. His account value shot above $1 million this year — but almost all of that recently disappeared. This week, his balance was $6,956.”

    https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html

    • On July 8, 2020 at 8:13 pm,
      OOTB Jerry says:

      Lucky…for him……he has time to recover……only 32yrs……everyone needs a learning lesson…….life is not always easy…..

      • On July 8, 2020 at 9:05 pm,
        blazesb says:

        If he really ran the account up to a million i think he’s going to learn to borrow more the next time to make some real money…lol.

      • On July 8, 2020 at 9:27 pm,
        buzz says:

        Sounds like me, when I bought in too early to the gold miners. Perseverance, such as VIZSF, tell the tale…

        • On July 9, 2020 at 4:47 am,
          Excelsior says:

          > Many figured Eric couldn’t resist those drill results. Sprott just got in Vizsla. 🙂

          (VZLA) (VIZSF) Vizsla Announces C$25 Million Bought Deal Private Placement

          by @newswire on 9 Jul 2020

          “The Company also announces that Eric Sprott, through 2176423 Ontario Ltd., has agreed to purchase C$10,000,000 of the Offering. On completion of the Offering, Eric Sprott will own 11.3% of the issued and outstanding shares of the Company on a partially diluted basis.”

          https://ceo.ca/@newswire/vizsla-announces-c25-million-bought-deal-private-placement

          • On July 9, 2020 at 5:18 am,
            Wolfster says:

            Yeah I struggled with what to do yesterday…said to my buddy I think it will hit $2 but decided to sell 1/2 anyways…..can I have do over??? A mulligan…at least I still own some free shares..

          • On July 9, 2020 at 5:28 am,
            Excelsior says:

            I sold 1/3 of my shares yesterday, and sold 1/3 on the 26th of last month after the first big gap up post drilling news June 24th. Nothing wrong with locking in profits.

            It is also possible that the shares pullback at the open at that financing was done at $1.87 and the shares closed yesterday at $2.20. If they pull back down to around $1.87 – $1.90 then I may add back some of what I sold yesterday.

          • On July 9, 2020 at 6:30 am,
            Excelsior says:

            Cory if you see this – since (VZLA) Vizsla is a show sponsor (and currently the talk of the town in the Silver mining sector), it would be fantastic to have them on the show for an update on their recent drilling success, capital raise, and plans now that they’ve got even more cash to drill, drill, drill.

          • On July 9, 2020 at 7:37 am,
            Excelsior says:

            Wow – Even despite the financing being at a lower price of $1.87, VZLA has rocketed higher by 30% again today up to $2.85. (as I’m writing this is pulled back to $2.75 so quite volatile).

            Regardless, Vizsla is clearly on the move the last few weeks and is the kind of action I want to see in all the Silver stocks. Ever Upward!

          • On July 9, 2020 at 9:31 am,
            David says:

            Ex:
            Sprott made me keep my Vizsla but I did do some profit skimming this morning, including one tenth of Great Bear. It was lime car sickness and fear of heights All at the same time. However I picked up some EMX so it could sit next to Ely On my computer screen and they can now compete with each other in defense of the Empire.

          • On July 9, 2020 at 9:42 am,
            David says:

            Ex:
            Got deleted once, but here goes again. Sprott made me keep all my Vizsla, but I did do some profit taking this morning including one tenth of Great Bear. It was like being car sick and having a fear of heights at the same time. I moved my profits to EMX which I picked up for the 3rd or 4th time. It is convenient as it sits on my screen right next to Ely and they can compete for Best Defender of the Neighborhood.

          • On July 9, 2020 at 10:12 am,
            Excelsior says:

            David – Understood. Yes, it was a big vote of confidence having Sprott come on board Vizsla. It was up 30% earlier on the news but has pulled back to just a 10% gain on the day.

            As for a trimming your Great Bear back 10%, no shame in that after the run its been on the last 2 years. If you have 90% left to participate in the upside you’ll still do fantastic, but if it pulls back 20%, then you can always buy that 10% stake right back at a better cost.

            Yes, EMX is another great Royalty company and Prospect Generator to store profits in. It’s on my list to grab next, since I’ve been fortifying my Maverix, Metalla, Sailfish, and Golden Valley. Ely is next after that though. Hell, I may even throw a few funds into Sandstorm just for safe keeping.

  9. On July 8, 2020 at 9:31 pm,
    Bill says:

    Not just Mathew but mostly…..SOOOO much appreciated your analysts! I don’t have time to voice back daily.
    I’m very fortunate to have my RE with bullet proof tenants that have essential services to our world. Thats where most of my time goes for now…
    Long gold stocks no time to trade much…just time.

    • On July 9, 2020 at 9:05 am,
      Matthew says:

      Thanks Bill. I just bought back most of what I had sold lately, in some cases more.

  10. On July 8, 2020 at 9:59 pm,
    Bill says:

    Any commets on my guys yes a little overheated!
    “DGP – Double Gold – is at a level not seen in over 7 years, now going parabolic and up more than 85% since our entry. There’s a mania in gold stocks currently. We will not be surprised if it ends much sooner than later. We’ll go short as soon as our indicator signals it.”

  11. On July 9, 2020 at 4:45 am,
    Excelsior says:

    (AR) (ARNGF) Argonaut Gold Announces Filing of Florida Canyon Technical Report

    by @nasdaq on 8 Jul 2020

    https://ceo.ca/@nasdaq/argonaut-gold-announces-filing-of-florida-canyon-technical

  12. On July 9, 2020 at 5:22 am,
    Wolfster says:

    Well I’m still waiting for Kootenay to break through into the .40’s. Thought it might happen yesterday….glad I bought some GoldON….really regretting not jumping into copper. I don’t quite get it really. Recovery is still in the distance as far as I’m concerned….morning rambles as I eat my oats.😎

    • On July 9, 2020 at 5:35 am,
      Excelsior says:

      Yeah, I still have most of my Kootenay position and await higher prices. It looks like it is ready to break higher, and with silver moving higher above $19 they’ll rise with the tide.

      For Copper I just got back into Regulus Resources (REG) recently and also by picking up some Triumph Gold (TIG) they have a nice copper credit with the Gold.
      Sierra Metals (SMTS) is a polymetallic producer of Silver/Copper/Zinc/Lead/Gold, but their Copper is about 1/3 of the mix, so it is significant. I still have tiny trapped position in Cordoba Minerals that is just starting to move a bit as the red metal starts to stir. There are a ton of copper stocks (about 150) that I plan on sifting through when the base metals looks more appealing, but right now there is so much action in Gold and Silver it is hard to focus on the base metals much.

      I’ll need to dive deeper into Goldon and appreciate your morning rambles Wolster.

      • On July 9, 2020 at 7:00 am,
        Wolfster says:

        I got in yesterday at .64 and it got up to .72. I just like their location being beside pure gold along with the fact they are drilling and only have 17M shares out. It’s a shot at a big move based on float with insiders holding around 40% and I believe Mcewan has 4%. He’s no Sprott but still……I dipped my toes in on triumph. Didn’t know I was getting some copper too. Lol

        • On July 9, 2020 at 7:42 am,
          Excelsior says:

          This on the Copper Equivalent drill hits from page 5 of their Corporate Presentation:

          “Two of the longest +1% CuEq porphyry-related drill intersections reported in the Yukon, including 316m of 1.1g/t Au, 5.0g/t Ag, and 0.27% Cu and 400m of 0.73g/t Au, 6.9g/t Ag, and 0.23% Cu in the newly discovered Blue Sky and WAu Breccias”

          https://www.triumphgoldcorp.com/wp-content/uploads/CorporatePresentation.pdf

          • On July 9, 2020 at 7:46 am,
            Excelsior says:

            Triumph’s Freegold Mountain project is also adjacent to both Western Copper & Gold, and Copper North Mining. Not too far from Kaminak’s Coffee deposit that Newmont bought a few years back.

  13. On July 9, 2020 at 6:28 am,
    Excelsior says:

    (NRN) (NSHRF) Northern Shield Commences Phase 2 Drilling at Shot Rock Gold Property in Nova Scotia

    by @newswire on 9 Jul 2020

    https://ceo.ca/@newswire/northern-shield-commences-phase-2-drilling-at-shot

  14. On July 9, 2020 at 9:35 am,
    Wolfster says:
  15. On July 9, 2020 at 10:19 am,
    cfs says:

    Teuton JV partner drills 973 m of 0.84 g/t AuEq

    2020-07-09 12:09 ET – News Release

    Mr. Dino Cremonese reports

    TEUTON ANNOUNCES NEW BEST INTERCEPT FOR TREATY CREEK PROPERTY AVERAGING 0.845 GPT AUEQ OVER 973 METERS FROM HOLE GS-20-57, INCLUDING 1.40 GPT AUEQ OVER 217.5 METERS

  16. On July 9, 2020 at 10:25 am,
    cfs says:

    Westhaven drills 34 m of 1.21 g/t Au at Shovelnose

    2020-07-09 13:20 ET – News Release

    Mr. Gareth Thomas reports

    WESTHAVEN DRILLS 34.00 METRES OF 1.21 G/T GOLD, INCLUDING 1.00 METRE OF 15.70 G/T GOLD EXTENDING STRIKE AT LEAR ZONE; MOBILIZES 3RD DRILL TO SHOVELNOSE GOLD PROPERTY