Craig Hemke from TF Metals Report – Thu 23 Jul, 2020

A strange day for Precious Metals investors – Gold closes in on $1,900 but gold stocks and silver drop

Craig Hemke joins me today for comments on the divergences in the precious metals and underlying stocks. Gold is closing in on all time highs but gold stocks and silver were hit by strong selling.

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

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Comments:
  1. On July 23, 2020 at 3:19 pm,
    cfs says:

    Lion One arranges $20-million financing

    2020-07-23 08:27 ET – News Release

    LION ONE ANNOUNCES C$20 MILLION BOUGHT DEAL PRIVATE PLACEMENT OF UNITS

    Lion One Metals Ltd. has entered into an agreement with Haywood Securities Inc. and Echelon Wealth Partners Inc. as co-lead underwriters on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal private placement basis, 11,765,000 units of the company at a price of $1.70 per unit, for total gross proceeds of $20,000,500. Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant of the company. Each warrant shall be exercisable to acquire one common share at a price per warrant share of $2.35 for a period of 12 months from the closing date of the offering.

    • On July 23, 2020 at 4:13 pm,
      Excelsior says:

      Short Updates on Benchmark, TriStar Gold, Precipitate Gold and Lion One

      Bob Moriarty for Streetwise Reports (7/23/20)

      “Investors are going to have to read between the lines for the meaning of the latest press release from Precipitate Gold Corp. (PRG:TSX.V; PREIF:OTCBB) but I will give you a big hint. This is exactly what you want to see if you want to find another Pueblo Viejo gold deposit. With a $25 million market cap, PRG is a giant sleeper. Naturally the truth detector will be the drill rig but the company is coming up with the ground survey results that you want to see in a big deposit. Pueblo Viejo is the largest gold mine in the Americas and the 8th largest in the world. All shares in juniors are lottery tickets but the Precipitate lotto has a giant potential payoff.”

      “Like Benchmark and TriStar, the market understands the potential and is willing to pay up for Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) with a market cap of about $220 million today. But Lion One owns a whole alkaline gold system in a region where such deposits are measuring 10-20 million ounces. Their latest report on drilling from the company just out a couple of days ago suggests they have found the feeder structure they have been looking for. Drilling is continuing and assays are pending.”

      https://www.streetwisereports.com/article/2020/07/23/short-updates-on-benchmark-tristar-gold-precipitate-gold-and-lion-one.html

  2. On July 23, 2020 at 5:25 pm,
    Sound Money Advocate says:

    rough day today – time for an ice cold Millah . . . I encourage you to – live the High Life!

  3. On July 24, 2020 at 6:47 am,
    Dick Tracy says:

    Erdene Resources, SYL T. ERD, intersects 5.5 metres of 126 g/t gold including 1 metre of 582 g/t Gold at new Bayan Khundii Zone and 15 metres of 26g/t Gold including 1 metre of 338 g/t Gold. Eric Sprott purchases $15 million of 20 million PP, yesterday. DT

  4. On July 24, 2020 at 7:49 am,
    dw jones says:

    ex, i notice you like precipitate in dominican rep, but how do you like goldquest also having a presence there.

    • On July 24, 2020 at 8:43 am,
      Excelsior says:

      Hi dw jones. Yeah, I’ve got a nice position in Precipitate Gold and think they have a ton of potential to find a massive deposit, like Bob Moriarty mentioned in his article linked at the top, and I’m confident that with JV partners like Barrick Gold that others are anticipating big things as well.

      Yes, I like Goldquest (who are close to them) and Eric Coffin mentioned about a week ago that Precipitate has held back a bit of newsflow in sympathey with Goldquest so that they both can get their permits from the new government in the D.R.

      I was considering adding (GQC), but when I started learning about (PRG) and that Quinton Hennigh was involved, I jumped on it earlier, and it has been running the last few months. Fun times!

  5. On July 24, 2020 at 8:46 am,
    Excelsior says:

    #Sprott Money News Weekly Wrap-up

    7.24.20 w/ Craig Hemke & Eric Sprott #AudioInterview

    > Their comments on the $SILVER market have me sitting on the edge of my seat!

    They discuss the following companies $DSV $JAG $SPA $FVL $PGM $MAG $TUO $BRC $KORE $AMX $WM

    https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-72420

  6. On July 24, 2020 at 8:58 am,
    Excelsior says:

    More Upside Or Prepare For Pullback In Gold & Silver?

    July 23, 2020 – Chris Vermuelen – The Technical Traders #VIDEO

    https://www.thetechnicaltraders.com/more-upside-or-prepare-for-pullback-in-gold-silver/

    • On July 24, 2020 at 9:07 am,
      Excelsior says:

      Chris V. see the Fib extension in Silver to head up to $24.36. Nice!

      • On July 24, 2020 at 9:11 am,
        Excelsior says:

        Chris V. is also only expecting a mild 8-16% correction. That would be a good spot to add.

      • On July 24, 2020 at 9:16 am,
        Dick Tracy says:

        dw, Ex has a corner office at Sprott Asset Management, diagonally across from his good buddy Eric, they don’t let you off the elevator unless you are wearing slippers. LOL! DT

        • On July 24, 2020 at 10:26 am,
          Excelsior says:

          DT – The main thing we look for is if Eric is wearing Red Socks or not. ๐Ÿ™‚

          >> KITH Brain Candy Red Socks Skit

          https://youtu.be/TkXKJDZqhJM

          • On July 24, 2020 at 10:27 am,
            Excelsior says:

            In contrast, I just stare at my desk…. but it looks like I’m working….

            https://giphy.com/gifs/office-space-kHvVrjhX8LT7a

          • On July 24, 2020 at 10:46 am,
            Dick Tracy says:

            Ex, I wish we could go back to the days when we would gather at Joe’s bar for an all Saturday night session, complete with cigars and an ample supply of bottles with cracked ice on hand. DT

          • On July 24, 2020 at 11:00 am,
            Excelsior says:

            DT – I never stopped, we just moved Joe’s bar to my buddy’s house with a big backyard, ample patio room, a monster grill, fire pits, and a saltwater pool. The only dilemma is which whiskey or bourbon should we pick for the evening, and should we stuff those cigars with a different kind of leaf. (haha!)

          • On July 24, 2020 at 11:17 am,
            Dick Tracy says:

            Yeah, a big one ounce cigar for all the patrons! DT

  7. On July 24, 2020 at 9:14 am,
    Excelsior says:

    Miners Can’t Keep Up With Gold’s Breakneck Rally

    Thu, 07/23/2020 – By Michael Msika, macro commentator at Bloomberg

    “Gold prices have been rising since March, and the rally still has legs as the Covid-19 pandemic, dovish policies, a weaker dollar and potential inflation all bode well for the metal. But while prices are getting close to record highs, miners of the precious metal are still far away from their 2011 highs, which means there could be room for a catch-up rally in the sector.”

    “Gold miners have outperformed during this yearโ€™s market rout, and have continued to climb during the recovery. Meanwhile, escalating tensions between the U.S. and China are adding to the case for the haven.”

    โ€œThe environment is still looking very good for gold and gold miners,โ€ Amundi Asset Management fund manager Arnaud du Plessis wrote earlier this month, arguing that central banks are staying on full alert as the resurgence of Covid-19 in some parts of the world is creating fears of a second wave.”

    “M&A could be an additional driver for gold miners, as historically such global activity in the sector accelerates when the metalโ€™s price is buoyant, says Bank of America analyst Michael Jalonen. In fact, deals heated up in the second quarter with 12 transactions announced, the highest quarterly total since 2012, with a total transaction value of $2.86 billion, nearly double that in the first quarter,” he says.

    https://www.zerohedge.com/markets/miners-cant-keep-golds-breakneck-rally

  8. On July 24, 2020 at 10:05 am,
    OOTB Jerry says:

    GOLD at $1900…….beats Covid 19………….any hour of the day…. ๐Ÿ™‚

    • On July 24, 2020 at 10:13 am,
      David says:

      Cough…cough

      • On July 24, 2020 at 10:26 am,
        OOTB Jerry says:

        Better keep your “silver laced” mask on…… but, that’s what you get, working in the mines…a little cough here, a little cough there… you must be…catching the Silver Bug….

        • On July 24, 2020 at 10:35 am,
          Excelsior says:

          “The wealth of Moria was not in gold or jewels but Mithril Silver.”

          https://youtu.be/mc1xmT63_Kk?t=27

          • On July 24, 2020 at 10:42 am,
            OOTB Jerry says:

            Dang was that Frankie……with the stick…. lol .. or
            Frank from Moscow…….

          • On July 24, 2020 at 10:43 am,
            Excelsior says:

            I don’t know but I think I saw IrishT down in those Silver mines trying to mine a bit of it. ๐Ÿ™‚

          • On July 24, 2020 at 10:51 am,
            OOTB Jerry says:

            Irish, told me, he was going looking for his pet rock…. ๐Ÿ™‚

          • On July 24, 2020 at 11:01 am,
            Excelsior says:

            Haha! That makes sense and sounds like our neighborhood leprechaun.

    • On July 24, 2020 at 10:24 am,
      Excelsior says:
  9. On July 24, 2020 at 10:36 am,
    OOTB Jerry says:

    World population 7.8 Billion. Total Covid-19 cases worldwide 15.5 million. That is 0.19% -Of this, there have been 622,122 reported deaths. That is 0.008% of the population. Which gives you better than a 99.9% chance of NOT dying from Covid-19… You see without the fear being pushed on you, they cannot sell vaccines and drugs, nor justify shutting down the world economy. Because if people really knew that the chances of them catching, and dying from Covid-19 were 0.01% they would start to think. what the hell is really going on?

    • On July 24, 2020 at 10:37 am,
      OOTB Jerry says:

      Stupid is Stupid………..Ding Dong…..

      • On July 24, 2020 at 10:39 am,
        OOTB Jerry says:

        Facts from Greg Mannorino……..so, if there are any fudging of the figures blame him,…

  10. On July 24, 2020 at 10:46 am,
    Excelsior says:

    SCZ Santacruz out today monetizing a non-core exploration asset, for cash and some shares in the newly forming company. Interesting.

    ____________________________________

    Santacruz Silver to Sell Zacatecas Property to Seasoned Mining Team

    by @newsfile on 23 Jul 2020

    Santacruz Silver Mining Ltd. (SCZ) (SZSMF) is pleased to announce that it has entered into an agreement with Zacatecas Silver Corp. for the sale of a 100% interest in the Zacatecas Properties, located in the Zacatecas Mining District, Mexico, for consideration of US $1.5 million and the issuance of 5,000,000 common shares of Zacatecas Silver.”

    https://ceo.ca/@newsfile/santacruz-silver-to-sell-zacatecas-property-to-seasoned

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