Ed Moya - Senior Market Analyst at OANDA – Tue 21 Jul, 2020

Optimistic earnings outlooks while gold and silver continue to breakout

Ed Moya joins me today to recap some of the recent earnings reports. A focus for earnings has been on forward guidance and so far this guidance has been very optimistic. As long as there is not another shutdown companies are projecting steady growth through the rest of the year.

As for gold and silver, there are a lot of bullish factors supporting the moves higher. And now silver is really starting to play catch-up in a major sense.

Click here to visit the OANDA website and keep up to date on Ed’s daily note.

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Comments:
  1. On July 21, 2020 at 10:34 am,
    bonzo says:

    Hi Matthew, do your charts tell you that NULGF or NUG.V are topping out or about to go higher? Thanks.

    • On July 21, 2020 at 10:46 am,
      Matthew says:

      Hi Bonzo, it looks like a probable short term top here. It might go a little higher but it looks like it wants to go at least sideways for awhile. There’s clear distribution on today’s excitement but the downside probably won’t be much unless the whole sector takes a break.
      Look at that volume:
      https://stockcharts.com/h-sc/ui?s=NUG.V&p=D&yr=1&mn=0&dy=0&id=p10085360662

    • On July 21, 2020 at 10:47 am,
      John Kruschke says:

      Hi Bonzo:
      Followed you into NULGF last week.
      Quentin Hennigh Advises:
      http://www.321gold.com/editorials/moriarty/moriarty072120.html

      • On July 21, 2020 at 12:01 pm,
        bonzo says:

        Hi John, welcome aboard. After reading what Bob said this morning and listening to Quinton again, I bought more today, so it will probably fall now for a while. I’ll just buy more if it does.

      • On July 21, 2020 at 12:02 pm,
        Excelsior says:

        Speaking of Quentin Hennigh, have you guys seen the move higher today in Lion One Metals? LIO up 24% off this news release regarding their recent exploration success, where they’ve hit visible gold on one of their deep holes (showing this alkaline deposit is likely much larger than what they have proved up thus far).

        ____________________________________________________

        (LIO) (LOMLF) Lion One Feeder Drill Hole Encounters Significant Gold Mineralization in Diamond Drill Hole TUDDH500

        by @newsfile on 21 Jul 2020

        https://ceo.ca/@newsfile/lion-one-feeder-drill-hole-encounters-significant-gold

        • On July 21, 2020 at 12:05 pm,
          Excelsior says:

          They just had a presser out yesterday regarding a different target at Banana Creek where Quinton weighed in.

          “Crews in Fiji are finding new outcropping lodes daily at Banana Creek and surrounding areas as they open up roadcuts and trenches,” commented Quinton Hennigh, technical advisor to Lion One.

          “Many of these are generating high-grade assays and appear similar to gold lodes seen at Tuvatu nearly 3 km to the southwest. We are now seeing a steady stream of assays come in from these new areas and we expect many more over coming months. Drill targets are quickly emerging at Navilawa. Two holes at Tuvatu West appear to have encountered high level splay structures, possibly above a deeper feeder structure. We plan more drilling at a deeper level in this area later this year. Meanwhile our Tuvatu step-out and feeder drill program continues. This is shaping up to be a busy, exciting year.”

          https://ceo.ca/@newsfile/lion-one-discovers-tuvatu-style-lodes-at-banana-creek

          • On July 21, 2020 at 12:50 pm,
            bonzo says:

            Excelsior, I almost bought more LOMLF this morning but bought NULGF instead. But at least I have a nice position in LOMLF, and hope that one day NUGLF will explode up too.

          • On July 21, 2020 at 3:05 pm,
            Excelsior says:

            bonzo – I’m sure you’ll do well in NuLegacy. These companies with Quentin involved are all doing quite well lately. Hopefully Precipitate Gold will get their permits to drill soon so they go climbing with the rest.

            I almost bought more Lion One 2 weeks back, and looked at Lion One again last week considering they could hit big on this drill campaign, but opted just to hold what I had until some of the news came out. I’m still pleased the the share price appreciation though.

            I trimmed back 1/4 of the position on the pop today because the move threw it well over a double for me, and I left 75% of the position in place for the voyage higher. Ever Upward!

        • On July 21, 2020 at 12:14 pm,
          Excelsior says:

          On this Lion One (LIO) feeder zone the photos of the visible gold are quite splendid:

          http://cdn.ceo.ca/1fhecde-20200721_141903.jpg

          • On July 21, 2020 at 12:18 pm,
            Excelsior says:

            Our pal Erik “The Hedgeless Horseman” had this to say regarding the Lion One drill result:

            @HHorseman – “Well they found a feeder zone a lot faster than I thought lol”

            “Vein swarm within a small interval (gold bearing branches coming together) and one vein looks like that… should be quite a bit of concentrated gold Mhhhmmm.”

            “Took me 20 sec of reading before I started hitting the ask. Easiest/quickest decision I can remember.”

            I’ll stop ranting now but excite-o-meter for LIO has done a U turn in my book. If this really runs (grade wise) we’re gonna be heading for a TO right quick given that the Tuvatu lode(s) alone could be multi Moz and the entire Caldera is left (which is proven to be gold bearing in a lot more places)

            — The Hedgeless Horseman

          • On July 21, 2020 at 12:38 pm,
            Excelsior says:

            Gadzooks, Lion One (LIO) has shot up to 38% on this news.

            The moves in these Juniors putting out good news (like the 102% move in Blackrock Gold yesterday) or similar moves from Vizsla 2 weeks back are getting larger and larger. If the Robinhood investors ever got unleashed into the Jr Miners we may start seeing 150% or 200% moves in a day. Haha – this is wild!

        • On July 21, 2020 at 12:52 pm,
          David says:

          Just found out about LIO as I was on the cereal isle at the grocery store until 30 mins. I didn’t need to add to LIO, but I probably would have earlier. Congrats on the big day today. I am doing good but not quite up to yesterday …but still a few minutes.

          • On July 21, 2020 at 12:58 pm,
            Excelsior says:

            Yes, I just saw your grocery store post over in the Metalla blog from yesterday, and responded there regarding Precipitate Gold.

            It’s been one of the wildest days I can remember in the PMs, but many of the stocks that popped higher today weren’t the same ones as the outperformers yesterday. I’m just trying to make hay while the sun is shining. 🙂

          • On July 21, 2020 at 1:01 pm,
            Excelsior says:

            I got in Lion One much lower and already had big gains, so trimmed off 25% just a few minutes back, and kept the rest to ride the trend. If this blows up further tomorrow once investors digest the meaning of finding the feeder zone, I’ll sell another 25%.

          • On July 21, 2020 at 1:12 pm,
            Excelsior says:

            One of the few stocks that didn’t take advantage of today’s move in Silver, and it really surprises me is Alexco (AXU) down 4.4% on the day, when Silver went up $1 (WTF?)

            I initially day traded AXU at the open as it shot up over 12%, but then I added more mid-day and towards the end of the day when it pulled way back down and went negative. I may have overdone it, but since I was trimming some of the other Silver stocks today, I’ve now pushed Alexco up into my #1 Silver holding… for now. I like the company and think they have a lot of catalysts coming up over the next few months with drilling news, the production announcement, and just from a metals in the ground getting re-rated higher aspect. Ironically I’ve trimmed back by 3-4 favorite Silver anchor stocks (all of which were producers), so it feels very weird to a developer as my lead position. We’ll see how it goes…

          • On July 21, 2020 at 1:34 pm,
            Charles says:

            Hi Ex – AXU probably stopped where it should have. It is running into to the overhead supply from the lows in 2012 and 2013 which it bumped its head against today at the high tic. I have a measured move target at 4.25 for the cup and handle formation from the March 2020 low, but it might need some time to digest a bit here. The stock got a bit ahead of itself, but if silver keeps on going it shouldn’t take to long to get through that level IMHO.

          • On July 21, 2020 at 2:54 pm,
            Excelsior says:

            Thanks Charles for the thoughts on the 2012/2013 overhead technical resistance in AXU (I hadn’t looked back far enough today to notice). I just noticed the stock run up 12% before the retreating back down to -4%, but it did have a hell of run higher yesterday. Still, with such a strong move in Silver up over $1 and breaking the 2016 high today, I’d expect strength to and through resistance, which we did see in a number of stocks the last few trading sessions. One other positive to consider is that Silver is a bit higher today than it was in 2016, but but Alexco has gone well above that old peak at $2.54 for the second time the last 2 days, (as it also got up to $2.81 last Sept). I guess a close at $2.93 is till very solid, even if it did surge up to $3.46 earlier today. Thanks man!

    • On July 21, 2020 at 3:46 pm,
      RICHARD/DOC says:

      Bonzo, I own a boatload of this stock. It appears it might consolidate here this week and next but should be higher next month.

      • On July 21, 2020 at 3:57 pm,
        Excelsior says:

        Hey Doc. Based on our discussion yesterday, I felt like I had trimmed back too much CDE too soon, so I bought more in the pre-market trading, but then sold it right back when things gapped up so high, but then it quickly plunged back down so I reloaded. I did that with a few stocks like Alexco, Endeavour Silver, and Americas Silver as well.

        Regardless I’m stocked back up on Coeur again, so looking forward to the climb higher.

  2. On July 21, 2020 at 11:22 am,
    Bill says:

    NUG doesn’t look dangerous supports at .12c Other PMs have blown up big time….They need a break. WOW

  3. On July 21, 2020 at 11:24 am,
    Bill says:

    bought 100k of IPT @ .40c….to far to fast in my view.

    • On July 21, 2020 at 12:13 pm,
      Matthew says:

      I think it will soon be higher. Not advice but I consider a buy at 1.07 and below and a strong buy at .99 and below. “Back up the truck” begins at .86, the 38.2% Fibonacci retracement of the move that began at the March low.

      • On July 21, 2020 at 12:28 pm,
        Bill says:

        I’m better than anyone I know at this game. Matt you make me look like a chump. 🙂

        • On July 21, 2020 at 1:44 pm,
          Matthew says:

          Sure, good one Bill!

          • On July 21, 2020 at 4:06 pm,
            Glenfidish says:

            Matt we may go back and touch the green line moving average as you stated .87 and as we discussed yesterday. Anything I’m the .81-.87 is back up the truck. And anything in the .74 is get two trucks and call a friend to get the third.

          • On July 21, 2020 at 4:21 pm,
            Matthew says:

            Glen, I doubt that it will get there and it was quite the show of strength that it wouldn’t even hit my 1.07 level today. I had a another buy at 1.11 and below and it looks like the others won’t be triggered based on silver’s action this evening.

      • On July 21, 2020 at 5:50 pm,
        confused says:

        Matt,
        wait until the RobinHood punters get a sniff of some of these stocks!!! I think we will have to hand off a little of the bloated bag to them. I imaging that won’t be for another 60 day or so?

        • On July 21, 2020 at 6:41 pm,
          Matthew says:

          Yes, we will have to give them some shares for sure!

    • On July 21, 2020 at 12:19 pm,
      OOTB Jerry says:

      Just one big nice 5 yr. cup…….overhead is gone…… jmo…. 🙂

      • On July 21, 2020 at 12:20 pm,
        OOTB Jerry says:

        Back up the truck is right…… jmo

  4. On July 21, 2020 at 11:52 am,
    cfs says:
  5. On July 21, 2020 at 11:59 am,
    OOTB Jerry says:

    Time for heads up…….
    Super-rich Russian battles Chinese rival in hunt for African gold

    Submitted by cpowell on 03:41PM ET Tuesday, July 21, 2020. Section: Daily Dispatches
    By Tim Treadgold
    Forbes, New York
    Monday, July 20, 2020

    If anyone doubts the universal lure of gold as its price nears an all-time high, then consider a China vs. Russia takeover battle for an African gold deposit controlled by an Australian mining company.

    While that might sound like a Hollywood movie script, it is for real and being played out on the Australian Stock Exchange and in the far north of gold-rich Ghana.

    • On July 21, 2020 at 12:01 pm,
      OOTB Jerry says:

      Spicing the plot is the lead role being played by Alexey Mordashov, major shareholder in Severstal, a Russian steel and energy business, and a man estimated by Forbes to have a net worth of $19.1 billion.
      While steel forms the foundation of Mordashov’s fortune, he has developed a taste for gold, creating a London-based business called Nordgold, which controls three mines and 10 exploration projects around the world, including assets in Burkina Faso and Guinea in Africa as well as Russia and Canada. …

  6. On July 21, 2020 at 12:11 pm,
    Excelsior says:

    I’m impressed with the move today in Sierra Metals (SMTS) (SMT) (up 22% on the day) as a mid-tier Silver/Copper/Zinc/Lead/Gold producer with multiple mines.

    https://s23.q4cdn.com/335191765/files/doc_presentations/2020/07/16/SMT-Corp-Presentation-July-15.pdf

  7. On July 21, 2020 at 12:11 pm,
    Tom says:

    long AHPI

  8. On July 21, 2020 at 12:24 pm,
    Excelsior says:

    Well, yesterday was my best trading day on record and I thought it would take a while to beat it, but so far today has already eclipsed it. I started buying in the premarkets, then sold a number of stocks when they shot up in the early trading session, then bought them back when they pulled back, but there have been a lot of developers and explorers popping today that I trimmed back some into the strength.

    The last 2 days have been more fun than the 2010/2011 surge, more fun than the 2016 surge, and more fun than the recovery coming out of the March lows. The Precious Metal mining sector is fun again!

    • On July 21, 2020 at 12:27 pm,
      Excelsior says:

      I was expecting Silver to run well after breaking above the 2019 peak last week, but was not expecting the 2016 peak ($21.23)to fall this quickly. Silver futures are $21.58 with 34 minutes left in the trading session, so it looks like it will close above the prior peak with the highest close in many years. Wow!!

      • On July 21, 2020 at 12:29 pm,
        Bill says:

        On July 21, 2020 at 12:28 pm,
        Bill says:
        In case you missed this abouve…..
        I’m better than anyone I know at this game. Matt you make me look like a chump. 🙂

        • On July 21, 2020 at 12:34 pm,
          Excelsior says:

          ?

          • On July 21, 2020 at 1:33 pm,
            Sound Money Advocate says:

            yeah really – “?”

          • On July 21, 2020 at 1:45 pm,
            Matthew says:

            “?” ? It seems to me his comment simply did not land where he intended it. It happens to most of us.

          • On July 21, 2020 at 2:15 pm,
            Sound Money Advocate says:

            Glad to notice that Matt can be a little charitable when the mood strikes ‘im

          • On July 21, 2020 at 3:12 pm,
            Bill says:

            CORRECT Matthew. WAS on my handset and easy to end up elsewhere. I get interrupted a lot.

          • On July 21, 2020 at 3:48 pm,
            Matthew says:

            SMA, love that value-free input and girlish sensitivity.

          • On July 21, 2020 at 6:17 pm,
            Sound Money Advocate says:

            where I come from, Matthew, it’s no badge of honor to be a dick

          • On July 21, 2020 at 6:45 pm,
            Matthew says:

            SMA, then what’s your excuse? It is not “charitable” to be honest and factual but you forced that implication because you’re a little bitch.

          • On July 21, 2020 at 7:00 pm,
            Sound Money Advocate says:

            good thing we are not face to face – you would be singing a different tune faggit

          • On July 21, 2020 at 7:48 pm,
            Matthew says:

            D*ck? “F*ggit”? Why so teste? 😂

          • On July 21, 2020 at 7:57 pm,
            Sound Money Advocate says:

            Matthew, have you no better use of your time than to ask stupid questions? Do something constructive – tell us what the price of silver is going to do tomorrow.

          • On July 21, 2020 at 8:31 pm,
            Matthew says:

            What can I say? I’m small time in a big way. Now it’s my turn. You’ve engaged me four times this afternoon/evening despite your wise advice to Ex the other day not to bother responding to me. That diminishes the value of your unsolicited wisdom, does it not?

          • On July 21, 2020 at 8:37 pm,
            Sound Money Advocate says:

            you aint so smart as you think – do not neglect the joy one such as myself experiences as I slap a dope around the ring a few times

          • On July 21, 2020 at 10:07 pm,
            Matthew says:

            I ain’t? Well that’s a bummer, if true. However, I’m less than concerned since the news comes from you.
            Now you should probably sleep-off whatever it is you’re on or some big gold players will surely play you like a pawn.

          • On July 21, 2020 at 11:40 pm,
            Sound Money Advocate says:

            okay if you are so smart wise-cracker – how does some poor nobody avoid demz big bad gold fiends playin ’em like that?

          • On July 22, 2020 at 5:35 am,
            Excelsior says:

            Wow. this thread has really devolved….

            Look I responded with a “?” up above because I wasn’t sure initially if Bill was trying to say something to me indirectly by posting it under my comments where I had just mentioned having 2 of my best trading sessions ever. I considered he may have just posted in the wrong place, but he already had posted it under Matthew’s comments up above and felt the need to repost it, so that is why I questioned it. It also seemed like a questionable comment anyway that “he’s better at this game than anyone he knows, and that Matthew makes him look like chump.” That’s why I put the “?” hoping for clarification, and it came later on in between all the insults that Matthew and Sound Money Advocate starting hurling at one another.

            Ironically one of the first jabs thrown was by Matthew judging Sound Money Advocates compliment about him being “charitable” as “value free”, but there was little value in any of the replies back on either side.

            I also have no idea what this comment citing me is about:

            “despite your wise advice to Ex the other day not to bother responding to me,” (?)

            I don’t remember this at all, but may have missed that comment. Matthew, I hardly see how it would be wise not to respond back to your direct trolling of me the last few weeks, without calling out your pompous BS and inflated ego. Anyway you 2 can get back to your thing, but I just wanted to clear up the reason for the “?” and address the comment that was made about me not responding to the nonsense. Carry on…

          • On July 22, 2020 at 6:26 am,
            Matthew says:

            Seriously Ex, you’ve got issues if you think SMA was being complimentary with his little comment that “Matt can be a little charitable when the mood strikes ‘im.”
            What planet are you on?

            And yes, you did miss his earlier comment instructing you not to respond to me.

          • On July 22, 2020 at 6:50 am,
            Excelsior says:

            I didn’t get the vibe at all from his comment, and read it as you were actually being charitable to Bill just having posted in the wrong place, when I still wasn’t sure what Bill was implying by posting a line like that right under where I just said I’d had my best two trading sessions ever. I’m glad he went on to clarify that it was simply misplaced.

            Come on Matthew you want to say he had “girlish sensitivity”, then he called you a dick, then you called him a little bitch, then he took it to f*ggot and seemed to challenge you to a brawl or something. None of that was a “value add”.

          • On July 22, 2020 at 6:57 am,
            Matthew says:

            I am at a loss for words if you don’t get what he was doing with that “compliment.” HE knows what he was doing, I promise you that and his inability to follow his own advice to you was funny and no surprise to me at all. He’s most people.

          • On July 22, 2020 at 1:14 pm,
            Sound Money Advocate says:

            all from a little “?” that put Matt’s panties in a bunch heh heh heh

            it was somewhat entertaining though, wasn’t it?

            a little diversion from all this tryin to figger out what is the next hot drill play

          • On July 22, 2020 at 1:38 pm,
            Matthew says:

            Your tough guy act after I brought your foolishness to your attention was mildly amusing, I’ll give you that.

          • On August 3, 2020 at 11:12 am,
            paul says:

            What can we all say but Matthew is a dick.

          • On August 3, 2020 at 2:23 pm,
            paul says:

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        • On July 22, 2020 at 5:19 am,
          CEO of nuthin says:

          If it looks like a chump, smells like a chump, humps like a chump – is prolly chump.

          But then, I no genius.
          Only PMs I own (fake or no – I don’t know) are gold, silver, platinum buried under the cement pad that the propane tank sits on.

          Cheers.

      • On July 21, 2020 at 12:31 pm,
        Excelsior says:

        Gold also up at $1841 is supercharging many of the Junior Miners, but how long can the excitement last. It’s bullish for Gold that Silver is doing so well and this is good for the whole sector, and while I know and appreciate that indicators can stay overbought for longer in a market like this, it still seems really frothy out there as the bull rages on. I’m trying to sit on my hands for the rest of this trading session, as I’ve already done 15 trades today, and have been having a blast.

      • On July 21, 2020 at 12:37 pm,
        Bill says:

        And Thx Matt… I Personally just bought a pile of companies will not trade much just waiting on the bull.
        MUX one that hasn’t moved until the last 2 sessions. Rob will get it rocking. It had issues but the hurricane may blow it up. I talked to them last week. I definitely made the turn I think.

        • On July 21, 2020 at 1:07 pm,
          OOTB Jerry says:

          Good one Bill,,,,,,the bull started a long time ago……Most did not see it….

          • On July 21, 2020 at 1:08 pm,
            OOTB Jerry says:

            Everything is on record…… No bull shi* there…. 🙂

          • On July 21, 2020 at 1:22 pm,
            Bill says:

            For sure OOTB
            The real stock buying started slowly just lifted all boats the last months from covid wipe-out.

      • On July 21, 2020 at 1:28 pm,
        Wolfster says:

        Yes I had another nice day as well. Have to be honest tho. Was disappointed that Kootenay couldn’t stay in the .40’s……and still waiting to find out why red white and bloom is halted.

        • On July 21, 2020 at 2:37 pm,
          Excelsior says:

          Wolfster – glad overall you had a nice day in the markets. Kootenay was up 5% on the day so it’s still making progress. 🙂

          It is surprising that there were still Silver stocks didn’t move more on such an epic move higher in Silver, but the miners may still be digesting the higher metals price and catch up later in the week. Overall it was another rocking day in the gold and silver stocks.

      • On July 21, 2020 at 3:34 pm,
        Ozibatla says:

        Second that Ex! I dont think anyone could have forseen this move in silver. Crazy! Probably time to expect abit of profit taking in the next 24 hours but who knows?

        • On July 21, 2020 at 3:49 pm,
          Excelsior says:

          Yeah, I trimmed enough that if there is some profit taking, and a pullback, then I’ll buy up some of what I sold at lower prices, but I’ve got plenty of Gold and Silver stocks on the boil for if they just keep running. Fun times!

        • On July 21, 2020 at 4:14 pm,
          Glenfidish says:

          I’m sorry but I’ve been very clear on here regarding silvers rum and my targets. I got laughed at.

          Go back and check

          • On July 22, 2020 at 6:01 am,
            Excelsior says:

            I already address this comment down below and the day you over-reacted about getting laughed at, where I clearly stated I was laughing at my own low targets in comparison to the far more aggressive targets. I responded back to you then like I did below, so it is you that needs to go back an check.

            Again, I was surprised by your initial $35-$45 target based on a Gold:Silver Ratio in the 30s, and all I said about that was “holy smokes.” You then reframed it and set a target of 30 and a gold silver ratio of 38 by year end. I was laughing further down in that passage that I guess I was shooting to low with simply looking for $19.75 and $21.23 to be cleared, hence the “lol.” Don’t be so defensive man, everyone is not out to get you are laugh at your calls. You got all snappy with Ozibatla on a tread recently because he dared to doubt $30 by year-end. Relax….

          • On July 22, 2020 at 6:11 am,
            Excelsior says:

            BTW if things good well today in the markets I may try to find some of that “silvers rum” you mentioned to celebrate. 🙂

            (disclaimer: that was a joke)

          • On July 22, 2020 at 6:12 am,
            Excelsior says:

            good = go

        • On July 21, 2020 at 4:55 pm,
          Matthew says:

          On Saturday:
          On July 18, 2020 at 9:50 am,
          Matthew says:
          The miners look ready for significant and imminent further upside.

          On July 18, 2020 at 9:12 am,
          Matthew says:
          SILJ has plenty of upside from right here.

          Thursday:
          On July 16, 2020 at 10:36 am,
          Matthew says:
          This pullback is for buying but I wonder how many will do so.

          Tuesday:
          On July 14, 2020 at 11:34 pm,
          Matthew says:
          Those in need of more shares better make good use of any pullbacks they get.

          Monday (yes, a lot of money was made before 21.23 was hit!)
          On July 13, 2020 at 5:43 pm,
          Matthew says:
          Barring something close to a crash, a pullback tomorrow is a buy, in my book, and not reason to turn intermediate term bearish.
          A lot of money will be made before 21.23 is reached and the odds are very good that that level will be reached during this move.

          Nailed this one from Saturday the 11th:
          On July 11, 2020 at 5:56 pm,
          Matthew says:
          Glen,
          I believe you are looking at things correctly and currently it is probably better to focus on buying good pullbacks rather than trimming/selling for fear of a decline.

          The BPGDM peaked about a month before the XAU and HUI topped in 2010 (Nov 9 vs Dec 6). In addition, a BPGDM reversal signal needs at least a 6 point pullback and a reversal does not automatically mean that the buy signal has been reversed.

          The fact is, hitting 100% is a good/bullish thing overall since it means that 100% of GDM’s components are on P&F buy signals (bull market breadth). It never hit 100 prior to 2016 (2010/11 highs) and if the BPGDM existed during the early stages of the last bull market about 20 years ago, I bet it would have showed action that we have never seen before, like remaining elevated for extended periods while the miners fly higher. The corrective action of the last two days bullishly only knocked it back to 96.43.

          Sentiment tools are great but should not be the reason we exit or enter a trade.

          I also said the gold-silver ratio would go much lower and it has already done just that:
          https://stockcharts.com/h-sc/ui?s=GLD%3ASLV&p=D&yr=1&mn=3&dy=0&id=p38792877945&a=782237616

          • On July 21, 2020 at 4:58 pm,
            Matthew says:

            85 and falling:
            https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24SILVER&p=W&yr=5&mn=11&dy=0&id=p19557263351&a=711322498

            Silver never messes around when its time has come.

          • On July 21, 2020 at 5:09 pm,
            Glenfidish says:

            No doubt Matt! Was responding to above you.

          • On July 21, 2020 at 5:54 pm,
            confused says:

            Matt,
            wait until the RobinHood punters get a sniff of some of these stocks!!! I think we will have to hand off a little of the bloated bag to them. I imaging that won’t be for another 60-90 days or so? This is a special moment.

          • On July 22, 2020 at 5:02 am,
            Excelsior says:

            Matthew many of us were quite bullish on Silver moving higher, and I also posted about half dozen times that I thought Silver was going to move higher once the impulse leg was confirmed and the 2019 high of $19.75 was taken out on a closing basis.

            I mentioned several times that Silver would be heading higher afterward and that what we saw with Silver surging again on Monday was not a surprise, but it remained to be see if there was enough juice to make it up to challenge the $21.23 level on this move.

            However, nobody (including you on any of those passages you posted) expected the 2016 high of $21.23 to be taken out in the first 2 days of this week, after just putting in the weekly close of $19.76 on Friday, or for it to be sliced through on the first attempt by such a big amount. That is the point Ozibatla was making. It was far stronger move in Silver in such a short time frame than anyone was forecasting, even those of us that were bullish on Silver continuing move higher.

            As for you “nailing” the post on the 11th about the BPGDM that still remains to be seen. First of all I stated then that I wasn’t suggesting for everyone to go out and sell all their stocks, and I mentioned several times that the indicators can stay overbought for longer in a bull market.

            I also mentioned that the BPGDM flashing 100 back in 2016 took a few weeks at lofty levels, before the markets actually topped, and that this time it would take a few weeks this time for the markets to top. That comment was only 2 weeks ago when gold was around $1820, and the miners and gold cooled off a bit, and now gold has risen another $20 (nothing earth shattering) and the indicators are starting to heating back up so let’s look at things in another week or 2 and see if they aren’t in fact getting toppy.

            I’ve stated a number of times I was still looking for gold to put in a short-term top in the mid to high $1800s (and we are getting closer to that region) before pulling back about 23.6% or 38.2% of the move from 1671 to wherever it tops, and then the next move higher would challenge the $1923 all time high with an initial target of $1935.

            The main point is there were plenty of us on the blog, and plenty of commentators that came on like David Erfle, Brien Lunding, Jordan Roy-Bryne, Sean Brodrick, and John Rubino that all felt Silver was going to head higher. Most of them mentioned the key level of taking out the 2016 high of $21.23 but none of them including you expected that to be taken out this soon, on such an explosive move higher in Silver, 2 days after the weekly close of $19.76 on just Friday. Being bullish and thinking it can make it there on this move are one, but what we’ve all seen the last 2 days was beyond what anyone was calling for so Ozibatla’s comment was both fair and accurate.

          • On July 22, 2020 at 6:33 am,
            Matthew says:

            Re: “As for you “nailing” the post on the 11th about the BPGDM that still remains to be seen.”
            lol 🤦‍♂️

          • On July 22, 2020 at 6:53 am,
            Excelsior says:

            Yes, it does remain to be seen (maybe your facepalm is blocking your vision).

            Again, you conveniently didn’t respond to 99% of the content, intending to cherry pick a line and place it out of context with the rest of what I said around it.

            Here let me help you out by posting what related to that comment:

            “As for you “nailing” the post on the 11th about the BPGDM that still remains to be seen. First of all I stated then that I wasn’t suggesting for everyone to go out and sell all their stocks, and I mentioned several times that the indicators can stay overbought for longer in a bull market.

            I also mentioned that the BPGDM flashing 100 back in 2016 took a few weeks at lofty levels, before the markets actually topped, and that this time it would take a few weeks this time for the markets to top. That comment was only 2 weeks ago when gold was around $1820, and the miners and gold cooled off a bit, and now gold has risen another $20 (nothing earth shattering) and the indicators are starting to heating back up so let’s look at things in another week or 2 and see if they aren’t in fact getting toppy.

            I’ve stated a number of times I was still looking for gold to put in a short-term top in the mid to high $1800s (and we are getting closer to that region) before pulling back about 23.6% or 38.2% of the move from 1671 to wherever it tops, and then the next move higher would challenge the $1923 all time high with an initial target of $1935.”

          • On July 22, 2020 at 8:02 am,
            Matthew says:

            The BPGDM CLEARLY did not mark a top and I was bullish as hell while most people were like you and worried about a pullback. What more do you want.

            All I see here is you being a bitter ass because you really don’t make calls at all. You post stories and press releases while speaking in sweeping general terms about re-ratings and and whatever else. And “gadzooks”, you are “jazzed” all the time.

            In short, your repeated concern with my ego is a classic case of projection.

            P.s.- Since when does silver NOT move in leaps and bounds under circumstances such as we have presently? If you really understood where we are at, your answer would be NEVER. Like I said recently, people did not understand the significance of the breakouts and, I hate to break it to you but you’re “people.” This was not going to be just another rise and I knew that.
            It was obviously beyond you how rare it was for me to advise against “trimming” after a large run to overbought readings so it was also beyond you that I did so knowing we were at a critical point that would bring an acceleration to the upside.
            Yes, the action since our BPGDM disagreement proves I was right that “hitting 100% is a good/bullish thing overall since it means that 100% of GDM’s components are on P&F buy signals (bull market breadth)” and that sentiment tools “are great but should not be the reason we exit or enter a trade.”

          • On July 22, 2020 at 9:15 am,
            Excelsior says:

            You’re as hopeless as you are disingenuous Matthew.

            1) I never called a top there and stated then, like I did above that the BPGDM had flashed 100 since 2016, and it took several weeks for many of the mining stocks to top, and that it may take several weeks before miners topped again. It’s only been less than 2 weeks since then genius, so that is hardly several weeks. I also mentioned I was expecting Gold to pull back in the mid to high $1800s and mentioned several times that I felt Gary Wagners level of $1880 resistance made sense as an area to watch.

            All I mentioned things were getting frothy and the signals were overbought on many charts, and that I’d be lightening up over the NEXT FEW WEEKS, but never called a top there, so don’t put words into my mouth, as you are so fond of doing.

            2) As for this next bit of horseshit you wrote: “All I see here is you being a bitter ass because you really don’t make calls at all. ”

            What a complete lie and mischaracterization. You do realize you are responding to passage where I recapped the same calls I’ve been making for the last 2 months and they’ve all been spot on.

            I’ve stated a number of times I was still looking for gold to put in a short-term top in the mid to high $1800s (and we are getting closer to that region) before pulling back about 23.6% or 38.2% of the move from 1671 to wherever it tops. As mentioned above I submitted that the $1880 target that both Craig Hemke and Gary Wagner mentioned looked right to me. (That’s pretty specific, as are the fib retracement percentages I mentioned over an over again)

            I mentioned after that pullback which I didn’t expect to be long, deep, or “scary”, I mentioned Gold would then build a base for the next move higher would challenge the $1923 all time high with an initial target of $1935. [That’s also a very specific call for anyone with 2 braincells to rub together, but I guess that excludes you].

            I was the one calling for the impulse leg to be confirmed once Silver hit $19.75, on the daily and weekly, and that is exactly what was so significant about the action in Silver last week, and particularly about Silver’s weekly close last week.

            So give it up already with you slimy lying comments, and mischaracterizations.

            Maybe if you had picked some of the stocks blasting so much higher by following the drilling news you’d be saying “Gadzooks” and you were “jazzed” as well, instead of bitching at other all the time and twisting yourself into pretzels with your forking charts.

      • On July 21, 2020 at 4:11 pm,
        Glenfidish says:

        Ex I got the lol from you..
        The nuts from Matt
        And the flash crash from Jerry

        Also few others through cheap shots at me they know who they are with the mocking and one specific person saying People are getting way ahead..

        I repeat ladies and gentlemen

        Gold has hit my $1840 as I have been saying for months with conviction!
        Next target $1840-$1880 the battle will be strong very strong.

        Silver remains in my target as $29-$30 by year end. I would not be surprised if higher as well. 23-24 will come in short order. The 21 and change i knew it would not hold long ago.

        There you have it boys

        We are going higher.. any correction is a buy at this point.

        • On July 21, 2020 at 4:23 pm,
          Excelsior says:

          Glenfidish, I had responded back to you when you got upset over the LOL, explaining that I said I was laughing because I was happy just shooting for $19.75 and $21.23 to be taken out on this move higher, when you had initially said $35-$45, before ratcheting it down to $30. I wasn’t laughing at ya mate, but you must not have seen my reply back to you on that thread. Also I’ve said since early June that I’d like to see Gold go up in the mid to high $1800’s before correcting, so not once did I pushback on the idea that Gold could go to $1840. I believe Matthew was kidding about the “nuts” comment too, and pointed out you had asked to be called nuts. Relax buddy, everyone’s not out to get you. 🙂

        • On July 21, 2020 at 4:26 pm,
          Matthew says:

          Glen, I only said you’re nuts because you said “call me nuts…” 🤷‍♂️😉

          If we do see $29+ silver, there is little chance that it will get there without gold making a new all-time high.

          • On July 21, 2020 at 5:11 pm,
            Glenfidish says:

            I know boys! I know you guys don’t mean bad so I never take personally. You must know be my now as there over emotional one but thank god we don’t apply this to tradings

            All is good 🙂 🥳

          • On July 21, 2020 at 5:26 pm,
            OOTB Jerry says:

            Hey Glen,…..the ” Flash Crash”,would happen after, your Higher call on gold………
            , then we would only see a flash crash, and then go higher….
            As, I have said several times…..Gold going a Lot higher…. 🙂

          • On July 21, 2020 at 6:38 pm,
            OOTB Jerry says:

            Hey Glen…………tonight gold is $1860……………you the man… 🙂

          • On July 21, 2020 at 7:01 pm,
            Glenfidish says:

            Jerry,

            Ok ok I’m all ears lol.. what number do you think flash comes from? I know you know something 🤔🧐😀

          • On July 22, 2020 at 6:00 am,
            OOTB Jerry says:

            I have seen two long term gold charts……one says $1889 was a high, the second was $1923, which is the one, I would use as a complete cup and handle, which is what I have gone by for years……So, if $1923, is what I am using, …that number has to be taken out…..to continue higher…..and of course there will be a test…
            The “low” number , in the “flash crash”, can be any number, and be over in a flash,
            most will not be able to take advantage of the extreme low number, and the price will bounce like a ball…..going higher….over time.
            For me to call a high, from which the flash crash is activated……could be any time now.,
            Best to be prepared, …….knowing it will come, but, no big deal….

        • On July 21, 2020 at 5:32 pm,
          Canuckski says:

          Hey Glen, I have followed your words closely with admiration. I didn’t think we were getting over 1800 until November. You dun good!
          Just make sure you raise the flag, when the time comes, when you think the PM market is getting ready to take a breather over the short term.

          • On July 21, 2020 at 5:46 pm,
            OOTB Jerry says:

            Ditto…..he did real good…….spot on….

          • On July 21, 2020 at 7:09 pm,
            Glenfidish says:

            Canuck those are some real nice words from you and Jerry. It doesn’t come without some much work and preparation. Many sleepless nights in front of the monitor and charts. As may said yesterday he had a headache from watching charts all day.

            I will definitely raise that flag if and when I smell or sense something as will Matt and others. Matt is really good at picking out “ important tops” I will do my best.

            At this precise moment with $1860, I can say for the first time one little bug has hit me in the stomach. Good news it’s little. So I will say this, $1881-$1883 slightly higher produces a correction possibly to $1840 breakout $1836 and than what I believe to be the final wave higher to possibly my target not only in gold but the miners and personally would expect the green line average pull back on chart. We are still sometime always grime that. If I see my miners are not lined up and gold needs to go higher, than I will know at that point Matt’s and ex higher target is in play. I’m going with my miners resistance level I’m watching combined with topping in gold.

            Waiting for Jerry’s number for flash crash he said higher than my target. 🙂

          • On July 22, 2020 at 4:57 am,
            OOTB Jerry says:

            Im still thinking……. retest of lower number is a given , maybe (cyo)……what would that be…..hummm ……As Sarah Palin would say……Get back to ya…. 🙂
            Lot of trolls coming out of the woodwork at this very moment, and accusing people of Fake Reporting…..You are not fake, so do not take this as being included in my rude rant…

    • On July 21, 2020 at 2:40 pm,
      Excelsior says:

      Lawrence Lepard @LawrenceLepard · 9h on Twitter:

      “In 2020 gold and silver mining stocks are the number one performing asset class in the world. There are ~$350T of global financial assets. Tradeable gold and equities total $2.9T. ) Or, 0.8% of liquid financial assets. Bring popcorn. Hmmm……”

      https://twitter.com/lawrencelepard/status/1285540812064010241

  9. On July 21, 2020 at 12:47 pm,
    Excelsior says:

    The exchanges are already trying to figure out why mining stocks like Impact Silver are moving so much. Have they freaking looked at the price of Silver the last few trading sessions? (too funny!)

    Vince (@Stateside) is a mining stock commentator and investor and pointed out this one from IPT earlier:
    ________________________________________________________

    @stateside – “LOL – clueless exchange asking why stock is up as silver is exploding – shorts must have begged them to ask to slow momentum. Impact Silver does not say why stock is up.”
    ____________________________________________

    2020-07-21 11:01 ET – News Release

    Mr. Frederick Davidson reports

    IMPACT SILVER CORP UNAWARE OF ANY MATERIAL CHANGE

    At the request of Investment Industry Regulatory Organization of Canada (IIROC), Impact Silver Corp. has confirmed that the company’s management is unaware of any material change in the company’s operations that would account for the recent increase in market activity.

    http://www.impactsilver.com/s/NewsReleases.asp?ReportID=877505&_Type=News-Releases&_Title=Impact-Silver-Corp-Unaware-Of-Any-Material-Change

    • On July 21, 2020 at 12:51 pm,
      Bill says:

      Im sure our bankrupt countries will soon go after the Miners……PIGs.

      • On July 21, 2020 at 12:55 pm,
        Excelsior says:

        Yeah Bill, that is a legitimate concern if the miners and metals do too good. Our hugely indebted nations will start eyeballing those assets looking for more tax money.

        Luckily the initiative to double the taxes on miners just failed in the state of Nevada. That fact that it was on the table is a bit concerning though, and we’ll likely see more of that as things develop.

        • On July 21, 2020 at 1:17 pm,
          OOTB Jerry says:

          The scum bag govt……will let everyone do the work, get the mines fully operational…..then take them over……so, that is not going to be for awhile…..jmo
          Make the cash, hide the gold, and go away for awhile…. 🙂

          • On July 21, 2020 at 1:19 pm,
            OOTB Jerry says:

            Rinse ,wash, repeat……….never ends……humans are so stupid….believe anything the govt says…. 🙂

          • On July 21, 2020 at 1:24 pm,
            Bill says:

            OOTB you need caps lol “SCUM BAG CRIMINAL GOV” Ive got a real hate on for T2 I know what he has done. Same shit diff century eh?

          • On July 21, 2020 at 1:27 pm,
            Bill says:

            Keep them broke just enough $ for beer. Dumb as stumps. God can you imagine 6% int rates!? All this housing would collapse…

          • On July 21, 2020 at 1:29 pm,
            OOTB Jerry says:

            This time everyone needs to be on guard ……will not happen for awhile,….but , guarantee , the politicians are looking for their share of the loot…….at everyone’s expense…..

          • On July 21, 2020 at 1:30 pm,
            Bill says:

            Yup I got my stuff from 2001 still but sold most silver at $49.00 got lucky on that timing.
            Crazy $325 maple leafs now $2,550.00ish

          • On July 21, 2020 at 1:32 pm,
            OOTB Jerry says:

            Not if, on the 6%, but when……….the banksters know the game…..and that is a fact.
            Sheeple are not going to be in their house long……..51 million jobless…..
            and clueless…….

          • On July 21, 2020 at 1:35 pm,
            Bill says:

            Absolutely OOTB….I have zero trust in these people. I’ve got proof personally how evil greedy they are. ie One small T5 got forgotten by my accountant for $5,000 CRA the pieces of sh*t charged me $2500 after tax dollars fine… Now their paying many useless tits to sit on the beach. The don’t want to go back to work… Trudeau an d the WE takes the cake…load the gun. I HAD IT…sorry Al

          • On July 21, 2020 at 1:40 pm,
            Bill says:

            If T2 drove in my driveway with his limo i’d fire up my 580SM Case and drive over him. Its Rev time for the world.

          • On July 21, 2020 at 1:49 pm,
            Bill says:

            Most Canuckle heads and Yanks are great people.
            Nuckle heads watch the news. So sad although FAR better than the USA side..
            If I did Id be up to my ass in granite and debt rather that being in tho top 3%.
            CCP has wound its way into top positions here. That’s why I love Trump hes got balls and hate CCP and socialism unlike T2 the traitor. Thank christ we ousted Huawei here too.. I personally built the first sites here 10+ ago….now we can rip that crap out…well not me I hung that one up.
            the CCP backdoor to all your lively hood. Stealing our everything.. Yup Im on that,, been a tech since 1989.

          • On July 21, 2020 at 1:55 pm,
            Bill says:

            OOTB you know it I paid off all my properties. No debt on my machinery of vehicles or anything cashed up and golded up…we are so far off in uncharted territory is NUTs

          • On July 21, 2020 at 2:02 pm,
            Charles says:

            Hey Jerry, they don’t need to take the mines. Remember windfall profits taxes on oil in the seventies. It will be the same this time.

          • On July 21, 2020 at 2:05 pm,
            OOTB Jerry says:

            I will just run them over with my International Cub tractor…..vintage 1950’s…. lol

          • On July 21, 2020 at 2:07 pm,
            OOTB Jerry says:

            Good one CHarles……never thought about that one…..

    • On July 21, 2020 at 1:37 pm,
      Sound Money Advocate says:

      Impact should tell em something to the effect of “what can I tell ya – it’s been a great company and more people are finally realizing that”

      • On July 21, 2020 at 2:31 pm,
        Excelsior says:

        Good one Sound Money Advocate. That would be a fair response back them.

        • On July 21, 2020 at 3:57 pm,
          RICHARD/DOC says:

          Ex, people better be a little careful here—-your comment about AXU was interesting. I’ve been looking to add but didn’t do much today since I have a feeling silver will retrace its’ move of today in the near future. This is the first time in a long time that I feel folks are getting a little “heady” again. I can feel it on the board. We are not done with the move but caution is warranted for a little while especially for silver and the stocks. I didn’t grab AXU this morning since it had one of the largest gaps on the one hour and two hour charts I’ve seen for awhile.

          • On July 21, 2020 at 4:33 pm,
            Excelsior says:

            Hey Doc, Yes, understood, and I did post that I’d trimmed back a number of stocks both yesterday and today, so I’m preparing for when things correct as well.

            With Alexco, I had sold off some yesterday thinking we may see a bit of a pullback in Silver today, but when I saw it running over early morning trading, I added some of the larger stocks in the premarket trading (including AXU), and then sold on the initial surge higher when the markets opened for a few day trades, and then rebought when they fell back later in the day. So I pulled profits on the swing trades, or a few I just held onto, but then added more at much lower prices later today. Like you, I’m waiting for the other shoe to drop, but if it does, I’ve got the dry powder raised to deploy into any weakness.

            Thanks Doc and I appreciate your thoughts and feedback.

          • On July 21, 2020 at 4:33 pm,
            OOTB Jerry says:

            Being careful, does sound reasonable and logical after a…….heck of a day….and after hours is sure different, up big time after hours…phyz silver I am referring…….

          • On July 21, 2020 at 4:40 pm,
            Excelsior says:

            Good point OOTB. I just checked and number stocks are moving higher by 4-7% in afterhours trading on the continued move higher in Silver. I was not expecting to see it at $22.64 today, when it barely closed at $19.76 on Friday, and some stocks may still not have digested such an epic move higher in Silver yet. Wild times!

          • On July 21, 2020 at 4:45 pm,
            OOTB Jerry says:

            Good Comments Ex……..the action is totally different than anything I can remember for Years,….. The after hours action is totally different…..

          • On July 21, 2020 at 6:17 pm,
            RICHARD/DOC says:

            This is not 2015,2016. This is the real deal. It’s going to be a buli of epic proportions but we’re going to have back filling periodically. Just keep adding on the back filling. What’s great is a large number of good companies have not even broken out of their monthly trading ranges. When they do it’ll be another time to load up even more. The most significant chart there is to show one what kind of special event this is going to be is the gold/monetary base ratio. We’ve had 2 times in the last 100 years when the top of that ratio was about equivalent to 5. We’re currently right around .33. Before this move of gold began that ratio was at an all time low. We in all likelihood won”t see an end to this bull until we get close to a ratio of 5 again.

          • On July 21, 2020 at 6:26 pm,
            OOTB Jerry says:

            Ditto DOC………I think a few people have been saying that…me too…. 🙂

          • On July 21, 2020 at 6:39 pm,
            RICHARD/DOC says:

            Jerry, what is even more amazing is that even though we’re very low in the gold/monetary ratio, the fact remains that they’re going to have to print even more money to keep this whole economy levitating—-that will continue to be depressive on the ratio and tells one that we’re going to have to have even higher gold prices in the future to move the dial up to 5. We’re a long long way away from the ultimate high in gold/silver.

          • On July 21, 2020 at 7:23 pm,
            OOTB Jerry says:

            DITTO DOC………more money on the way……it is just crazy, who would have thought,
            that we would be in a position like now…..No one in their right mind, could have imagined that all the past and present congresses and presidents would have lost it…..WE THE PEOPLE, should really be ashamed, what has gone on….

          • On July 21, 2020 at 7:26 pm,
            OOTB Jerry says:

            BTW… DOC………I agree with you on HIGHER PRICES…for sure…..

  10. On July 21, 2020 at 12:53 pm,
    Bill says:

    Posted prior worth repeating.
    The dumbest guy I know is our Prime minister Trudeau…dumb as a bag of hammers..Not even a good criminal politician he just knows how to buy votes and pander to the CCP…. China owns half of Canada already…
    I despise this guy ( wont call him a man) My business’s would be bankrupt 4x over If he was running them.
    Traitor to the hard working Canadians.

    • On July 21, 2020 at 1:38 pm,
      Sound Money Advocate says:

      really man – do them Canadians in general (I know you aint one of the “general”) aspire to nothing more than service as a client state of the ChiComs?

    • On July 21, 2020 at 1:44 pm,
      Sound Money Advocate says:

      Is there a more or less Libertarian Canada somewhere? You know, like “live and let live”, let people retain the just compensation for their labors, Western (largely if not completely Christian) jurisprudence (which would include recognition of private property rights), and the will to defend your (their) principles/land/property/wives, girlfriends, children from foreign influence not to mention domination?

      • On July 21, 2020 at 2:05 pm,
        Bill says:

        SMA so many Canadians are living in a socialist state and they are unaware of it and the long term consequences. They know not their history or therefore shale repeated even if carried from Europe. My fam have been here 325 years…..
        T2 always trying to reduce our right to bear arms. Hes 100% a commie.
        If I was a better type id list the commie moves hes making. there a ton. Google Trudeau communist. i thinks hes the son of Castro. His MaMa got around….Can you clone Trump Id take the goofy of him along with his real efforts to fight the leftist down there.
        Most Canadian don’t like him because the watch our news. I say to them “are you stupid”???
        CBC never calls out T2 they spend all their time trashing Trump. Why? It has jack Sht to do with us. Tells you its all BS. If the US goes down there WILL BE NO MORE FREEDOMs on this planet.
        Canada IS GREAT but corrupt to the core politically.

        • On July 21, 2020 at 2:11 pm,
          Bill says:

          should have been “every bloody Canadian” Its VERY Expensive to live here.
          Free health care? Really….

      • On July 21, 2020 at 2:08 pm,
        Bill says:

        We are a trillion in debt that I know of only 37mil peeps here….

      • On July 21, 2020 at 2:20 pm,
        Bill says:

        PS the CCP has infiltrated many levels of gov and universities here compromising all types of domestic security. Most Canuckleheads are clueless. T2 has a lined bank account offshore. While that duffus Huawei EX is being held buy us in one of her Vancouver mansions our 2 Micheal’s are in China in solitary confinement that have done nothing provable wrong. T2 does NOTHING bought off pussy….T2 = traitor.
        He hides out in his mansion cabin owned by our people while nobody can ask him any criticle questions.

      • On July 21, 2020 at 2:24 pm,
        Sound Money Advocate says:

        Bill I do not meet near enough people like you

  11. On July 21, 2020 at 2:38 pm,
    Bill says:

    lol I think that’s a compliment.
    I worked with 1000s in the big telecom and owned 4 businesses. Learn a lot from a many people. Personally i consider myself chickensh*t but manage to take some risks most would never do but it helps to be a little crazy. lol
    ALWAYs stay open minded and look for people that are smarter and have more guts or knowledge than yourself in my view….

    • On July 21, 2020 at 3:10 pm,
      Sound Money Advocate says:

      compliment – yes I would consider it so

  12. On July 21, 2020 at 2:53 pm,
    Bill says:

    a huge problem here is our gov keep growing and adding to the bureaucracy costs and insuring self protectionism. . There no oversight. They hand out billions to losers like Bombardier but zero to fund our auditors. as They are scared as hell what they would report. Trump is trying to reduce gov and the only guy on earth as what I can see.
    I’m well beyond fed up. Its all out war for me. I shut down one business. I take no salaries anymore therefor no income tax for those pigs. I spend all my money from my companies buying before per tax and reducing sales tax like GST . EVERYTHING I can justify in the grey. I fix and build all my own stuff reducing my cost of living and paying way less taxes. I can live off squat. I was paying 100Ks$ in taxes now close to zip. Got to stop feeding the pigs..Let it all fail I say…clueless dipsh*t like T2. Greedy for power.
    Did I mention I despise the Lib gov lol

    • On July 21, 2020 at 3:12 pm,
      Sound Money Advocate says:

      yeah I hate Communism and communists too – my plan is to get them before they get me

      • On July 21, 2020 at 3:16 pm,
        Bill says:

        LOL Perf SMA. We live on the coast BC…ferry access only. If the SHTF big time I’m going to sink the ferries…Got tuna 🙂

  13. On July 21, 2020 at 3:39 pm,
    Buzz says:

    To top it off, Canada sold all its gold

    • On July 21, 2020 at 4:00 pm,
      Bill says:

      Ya S M R T lol
      Like Charels says once things get rolling they will royalty the hell out of the mines.

  14. On July 21, 2020 at 3:59 pm,
    OOTB Jerry says:

    NEVER SEEN……..Silver in After Hours…….head straight up…..7 pm…. Hello….. Rocket ship……..TO THE MOON…. 🙂

    • On July 21, 2020 at 4:06 pm,
      OOTB Jerry says:

      Parabolic…….moon shot…….Hello Glen…. 🙂

      • On July 21, 2020 at 6:40 pm,
        OOTB Jerry says:

        Glen….$1860…..gold tonight……. good call….

  15. On July 21, 2020 at 4:09 pm,
    Ozibatla says:

    Yep I just saw that too Jerry. This is ridiculous!

    • On July 21, 2020 at 4:13 pm,
      OOTB Jerry says:

      I was thinking on Friday, there was something in the air……the gold chart looked kind of funny, going into a weekend…..and well, here we are……GAME CHANGER>……

      • On July 21, 2020 at 4:16 pm,
        OOTB Jerry says:

        On July 17, 2020 at 5:30 pm,
        OOTB Jerry says:
        US Dollar…………at 96………not been there for awhile…. I think….

        • On July 21, 2020 at 4:30 pm,
          OOTB Jerry says:

          Well, tomorrow ….should be interesting…….jmo

      • On July 21, 2020 at 5:40 pm,
        Canuckski says:

        Jerry, I was thinking it had to do with Sprott’s announcement to do a super-sized purchase of Silver.

        • On July 21, 2020 at 5:43 pm,
          OOTB Jerry says:

          Yes, I think you are correct…….

          • On July 21, 2020 at 5:45 pm,
            OOTB Jerry says:

            Thanks for the reminder…….appreciate……I got brain freeze….. 🙂

          • On July 21, 2020 at 5:59 pm,
            Canuckski says:

            Is just my guess. I’m glad he did it if that’s the case. 🙂

          • On July 21, 2020 at 6:22 pm,
            OOTB Jerry says:

            Ditto…Canuckski…..glad he did it also…..

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