Chris Temple from The National Investor – Mon 27 Jul, 2020

Today is all about the pop in gold and silver and drop in the US Dollar

Chris Temple joins me to wrap up the markets today. It was a day where gold and silver made another strong move higher, all supported by a further fall in the US Dollar. Chris has a bit of a warning for metals investors that are not taking profits at these current levels.

Click here to visit Chris’s site and learn more about his newsletter.

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Comments:
  1. On July 27, 2020 at 7:14 pm,
    Buzz says:

    Pop & drop. Reminds me of 2016

  2. On July 27, 2020 at 7:33 pm,
    Bob UK says:

    What does https://robintrack.net/ say about the PM stocks? Are robin traders buying them?

    • On July 27, 2020 at 7:40 pm,
      John Kruschke says:

      MXSG Mexus Gold hit the radar today.
      11.3 million traded with a gain of 46.15%
      Closing at the high of the day. .0057

      • On July 27, 2020 at 9:37 pm,
        Excelsior says:

        That was a nice move in MXSG today. I’m surprised it hasn’t started moving like that more often, as they are producing gold now and have some of the lowest costs I’ve seen down in the $500’s, so while their production is tiny, their margins are massive.

        • On July 27, 2020 at 9:46 pm,
          Excelsior says:

          However, the move of day was in Chesser Resources (CHZ.AX) up 176% on the day because of their news that broke:

          “multiple spectacular high-grade gold hits reported from Diamba Sud. Intersections include 48m @ 6.70g/t and 55m @ 4.27 g/t gold. Senegal- West Africa.”

          https://www.investi.com.au/api/announcements/chz/2722646e-558.pdf

        • On July 28, 2020 at 5:26 am,
          John Kruschke says:

          I don’t like the share structure with MXSG. I don’t know how many holders there are but 1.9 Billion shares is a lot of water to carry. To me, somewhere down the line a reverse split is in the cards.

          • On July 28, 2020 at 6:44 am,
            Excelsior says:

            Yes, no doubt a lot of shares and at one point they’ll roll them back, but far more important that the share count on any stock is the market cap valuation.

            With Mexus (MXSG) one is getting a Gold Producer with some of the lowest costs of any miner for a market cap of 7.6 Million. Not many of those gems laying around in the rough….

          • On July 28, 2020 at 7:10 am,
            John Kruschke says:

            Interesting Ex.
            Taking a second look the float is not that unreasonable.
            I am looking for small floats that provide big moves regardless of valuation. I am probably jaded due to the out sized gains I have made in the past. Perhaps it might be time to look at things a little differently.

          • On July 28, 2020 at 7:39 am,
            Excelsior says:

            Well JohnK you are correct that they have a crap ton of shares out, but another thing I’m looking at is that Mexus just paid off their old debt with a new loan, and claimed they’ll have it paid off through Gold revenues in the next 6 months of production. With their low costs and crazy high margins, I believe that is doable, but question anything any mining company claims until I see it with my own eyes.

            I’m thinking once they pay off their debt, and put together 2 more quarters of production numbers, that maybe then they’ll roll back the shares, which won’t effect the market cap in any way, but will bring in more investors scared of it looking like an Aussie penny stock.

            However, because they only have 1 US OTC listing, they don’t get the Canadian resource investors. MXSG is definitely higher risk, but I’ve been following it since 2016 and I was in when they ran from $.001 to $.20 last time (I got in at $.0034) and believe this time they can run back to $.20 again, but keep that validation with the operations underpinning the valuation this time.

          • On July 28, 2020 at 8:03 am,
            John Kruschke says:

            Once again thank you for your valuable insight.
            I will follow you in as I did with Mathew and Bonzo.
            Ray Dalio says that you don’t have to be the smartest person, just surround yourself with the smartest people.
            Rays a pretty smart guy.

          • On July 28, 2020 at 8:14 am,
            Excelsior says:

            I agree with Ray’s point there, and it is just like in the book “Think and Grow Rich” where Napoleon Hill found that in interviewing many of the more successful business individuals at the time that they all surrounded themselves with a “Mastermind Group” to bounce ideas off of. I’ve always considered these investing forums a mastermind group of sorts.

            Good luck if you take a position in Mexus. I’m not trying to push it or recommend it, but simply outlining the reasons why I like it and am invested, despite their high risk as a tiny unknown gold producer only trading on the OTC as a true 1/2 penny stock. If it just goes up a few pennies, those will be nice returns. πŸ™‚

          • On July 28, 2020 at 8:37 am,
            OOTB Jerry says:

            Ditto………on ….NP……..and the” master minds”….Once, you know who they are participate and share….

    • On July 28, 2020 at 8:07 am,
      OOTB Jerry says:

      BOB UK……….THANKS for the robintrack……please keep us informed….appreciate…

      • On July 28, 2020 at 8:24 am,
        Excelsior says:

        Agreed. I finally spent a little time on RobinTrack and saw where SMTS went from 300-400 investors on (6/18), to 1,200 investors on (06/22), to over 4,000 investors on (06/23), down to 3300 investors on (06/24), to 2700 investors on (06/25), down to 2500 investors (06/26) and faded down to 1700-1500 investors over the last 3 weeks.

        That is the Robinhood Effect (and those kinds of investor swarms could also be happening on other trading platforms as we’ve discussed on here before).

        https://robintrack.net/symbol/SMTS

        • On July 28, 2020 at 8:30 am,
          Excelsior says:

          Wow. I just looked at Silvercorp (SVM) on RobinTrack, and its increase in new shareholders has gradually risen from the mid 700s in mid March to nearly 7000 now in late July, but in a much more orderly fashion. That is a 10 times rise in the number of investors holding Silvercorp. I like it…. I like it alot…..

          https://robintrack.net/symbol/SVM

          • On July 28, 2020 at 8:33 am,
            OOTB Jerry says:

            I think , this needs to be tracked going forward……Momentum…..Smart Money….Dumb money…. πŸ™‚

          • On July 28, 2020 at 8:57 am,
            Excelsior says:

            Unfortunately it only tracks the stocks on the big US exchanges (which excludes about 95% of mining stocks), but helpful for the larger Oil & Tech & other sectors for sure.

          • On July 28, 2020 at 9:52 am,
            OOTB Jerry says:

            But, that might change…..I understand they may be doing SLV…….just a thought….
            I would almost, guarantee, most do not know what a mine is…..lol

          • On July 28, 2020 at 11:07 am,
            Excelsior says:

            There has been an increase of about 7,000-8,000 investors on Robinhood in (SLV) in mid-March to about 24,000-25,000 investors now in the last few months…. a bit more than a 3 times increase.

            https://robintrack.net/symbol/SLV

          • On July 28, 2020 at 12:13 pm,
            OOTB Jerry says:

            Robin investing………is that a BIRD alert……and replay of what is coming…. πŸ™‚

  3. On July 27, 2020 at 8:46 pm,
    Matthew says:

    Gold just had 7 days up in a row so a down day is probable very soon. There was a 10 day run in December but 7+ is rare. I will not be selling any miners based on this possibility nor am I going to sell gold.

    • On July 27, 2020 at 10:20 pm,
      cfs says:

      Not only days up, but mostly over the upper Bolinger band.
      The “down” day might just be a hold in price, while the Bolinger band moves upward.

      I would expect some rotation in the stocks, however, as laggards catch up while the early movers hold for a while.

      A lot, I think depends on the FOMC statement on Wednesday, as to the duration of any possible down move.
      I can see the Feds cutting down the Democrat stimulous package effectiveness, even if the Republicans cave in to high demands.

      • On July 28, 2020 at 6:25 am,
        Matthew says:

        Yes, the last 5 closed above the Bollinger Bands and even one cent lower today would count as a down day. The BBs are still almost $40 below the current price.

  4. On July 27, 2020 at 8:52 pm,
    Matthew says:

    SLV vs SPY gapped above important speed line resistance on the best RSI reading since 2011:
    https://stockcharts.com/h-sc/ui?s=SLV%3ASPY&p=W&yr=4&mn=11&dy=0&id=p63308972649&a=727975769

  5. On July 27, 2020 at 9:14 pm,
    BUZZ says:

    Am I living in a tin can?

  6. On July 27, 2020 at 10:28 pm,
    Bill says:

    Sorry just time to scan. All i can say so much great info from ALL!
    BUT HOLLY SHIT MATTHEW respect yo your analysis and calls.
    I owe you alot. If you head to BC i have a beauty water front condo.
    Almost a tear…..it the wine πŸ™‚

    • On July 28, 2020 at 6:22 am,
      Matthew says:

      Bill, thanks for the offer!

  7. On July 27, 2020 at 10:54 pm,
    cfs says:
  8. On July 27, 2020 at 11:07 pm,
    Excelsior says:

    Senior $Silver #Producers Performance #Chart off March Sector Lows March 16 through sector all-time highs

    $FSM Fortuna up 248%
    $HL Hecla up 224%
    $CDE Coeur Mining up 213%
    $PAAS Pan American Silver up 168%
    $HOC.L Hochschild Mining up 165%
    $AG First Majestic Silver up 159%
    $SMTS Sierra Metals up 155%
    $FRES.L Fresnillo up 145%
    $WPM Wheaton Precious Metals up 131%
    $SSRM SSR Mining up 107%

    http://cdn.ceo.ca/1fhvekj-Senior%20Silver%20Producers%20Performance%20Off%20March%20Sector%20Lows.JPG

    • On July 27, 2020 at 11:08 pm,
      Excelsior says:

      Junior $Silver #Producers Performance #Chart off March Sector Lows March 16 through sector all-time highs

      $EXK Endeavour Silver up 293%
      $ASM Avino Silver and Gold up 282%
      $IPT Impact Silver up 269%
      $SVM Silvercorp up 252%
      $SCZ Santacruz Silver up 241%
      $GPL Great Panther Mining up 202%
      $GGD GoGold Resources up 198%
      $USAS Americas Gold & Silver up 154%
      $SBR Silver Bear up 128%
      $MYA Maya Gold & Silver up 105%
      $EXN Excellon Resources up 100%

      http://cdn.ceo.ca/1fhvf79-Junior%20Silver%20Producers%20Performance%20Off%20March%20Sector%20Lows.JPG

      • On July 27, 2020 at 11:09 pm,
        Excelsior says:

        $Silver #Developers Performance #Chart off March Sector Lows March 16 through all-time highs

        $GOG Golden Tag up 900%
        $DSV Discovery Metals up 630%
        $SVE Silver One up 400%
        $DV Dolly Varden up 368%
        $AUN Aurcana up 279%
        $SSV Southern Silver up 271%
        $MAG Mag Silver up 192%
        $SVB Silver Bull up 190%
        $AXU Alexco up 187%
        $BHS Bayhorse up 150%
        $MSV Minco up 138%
        $SIL Silvercrest up 131%

        http://cdn.ceo.ca/1fhvflm-Silver%20Developers%20Performance%20Off%20March%20Sector%20Lows.JPG

        • On July 27, 2020 at 11:10 pm,
          Excelsior says:

          $Silver Advanced #Explorers Performance #Chart off March Sector Lows March 16 through sector all-time highs

          ( I realize there are more Ag explorers, but these are 12 that illustrate the point well enough)

          $BRC Blackrock Gold up 1450%
          $VZLA Vizsla Resources up 769%
          $AAG Aftermath Silver up 439%
          $ABRA Abraplata Resources up 380%
          $GRSL GR Silver up 379%
          $MMG Metallic Minerals up 292%
          $ELEF Silver Elephant up 287%
          $DEF Defiance Silver up 276%
          $REX Orex Minerals up 220%
          $KTN Kootenay Silver up 193%
          $BBB Brixton Metals up 150%
          $NUAG New Pacific Metals up 82%

          http://cdn.ceo.ca/1fhvg24-Silver%20Advanced%20Explorers%20Performance%20Off%20March%20Sector%20Lows.JPG

        • On July 28, 2020 at 5:08 am,
          Dick Tracy says:

          Hi Ex, some awesome gains being made, the race is on! DT

          • On July 28, 2020 at 5:12 am,
            Dick Tracy says:

            Hi Ex again, I don’t know whether you noticed that Santacruz has been halted. I might have lucked out yesterday as I was buying. DT

          • On July 28, 2020 at 5:16 am,
            Excelsior says:

            Absolutely. I believe most should have moved up even higher based on where Silver has vaulted up to, but almost anyone buying Gold or Silver stocks the last 4 months has had far better gains than most conventional stock market sectors. There are generalist investors waking up to this tiny sector and I believe medium to longer term, we are going to see gains that make these pale in comparison.

            Ever Upward!

          • On July 28, 2020 at 5:23 am,
            Excelsior says:

            DT – no I hadn’t seen that Santacruz Silver was halted yet so thanks for bringing that to my attention, and I see that now. I’m hoping they stay halted all day to hold onto their gains, and wait until tomorrow to release their news. (lol). I have a feeling stocks are going to sell off today and any good news released will get lost in the shuffle.

          • On July 28, 2020 at 5:26 am,
            Excelsior says:

            I hope the news ends up being that they are buying out the Zimapan mine outright. Currently they are only leasing their 3rd and most profitable mine, but I’d love to see them bring it into the fold permanently. They recently sold some non-core properties at Zacatecas and maybe that is what they were raising funds for.

          • On July 28, 2020 at 5:26 am,
            Dick Tracy says:

            Lots of financing happening in the silver market, also Pure Gold has a news release out this morning. They just keeping adding and adding or should I say stacking. LOL! DT

          • On July 28, 2020 at 5:59 am,
            Dick Tracy says:
          • On July 28, 2020 at 6:48 am,
            Excelsior says:

            Nice! SCZ Santacruz bought their Zimapan Mine. That has been the one area of concern in the back of my mind, as that lease was set to expire in December, but now that very productive mine is their third one. That is excellent news for the longer term with Santacruz. Think how long it takes to drill out a resource, prove to the market a deposit could be economical, permit a mine, get the social license, etc… etc… It’s far more advantageous to just buy an operating mine outright. Well done SCZ!

            (now, next up let’s bring on Eric Sprott) Haha!

          • On July 28, 2020 at 6:50 am,
            Excelsior says:

            “Zimapan mill facility which is a 75,000 dry metric tonnes per month facility with zinc, lead and copper circuits. Over the past five years the Zimapan Mill has produced an annual average of 12,400 tonnes of zinc, 3,300 tonnes of lead, 1,850 tonnes of copper and 1,290,000 ounces of silver from an average annual throughput of 700,000 tonnes of mineralized material generating an average of 4,681,000 ounces silver equivalent.”

            https://ceo.ca/@newsfile/santacruz-silver-signs-agreement-to-acquire-the-zimapan

    • On July 28, 2020 at 3:41 am,
      bonzo says:

      Don’t forget DRD Durban Roodeport Deep which has gone from 3 to 18 since March.

  9. On July 28, 2020 at 6:18 am,
    Matthew says:

    Kootenay Silver is on sale this morning due to an announced $5M private placement at 40 cents.
    http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200728:nCNW24clLa

    • On July 28, 2020 at 6:55 am,
      Excelsior says:

      Yep, there is a lot of financing news updates this morning. Companies are raising into the surge in metals prices, and that is a good idea in most cases.

      Dolly Varden also on sale this morning on their financing news:

      (DV) (DOLLF) Dolly Varden Announces Upsizing of Previously Announced Private Placement to $10 Million

      by @newswire on 28 Jul 2020

      https://ceo.ca/@newswire/dolly-varden-announces-upsizing-of-previously-announced

      • On July 28, 2020 at 6:58 am,
        Excelsior says:

        There are actually pullbacks all over the place this morning and tons of news hitting the wires. Looks like I’m going out shopping for deals today. πŸ™‚

        • On July 28, 2020 at 7:07 am,
          Excelsior says:

          (GOG) (GTAGF) Golden Tag Announces $5.6 Million Non-Brokered Financing Led by Eric Sprott

          by @nasdaq on 28 Jul 2020

          https://ceo.ca/@nasdaq/golden-tag-announces-56-million-non-brokered-financing

          • On July 28, 2020 at 7:46 am,
            Excelsior says:

            (LIO) (LOMLF) Lion One Announces Upsize to Previously Announced β€œBought Deal” Private Placement of Units to C$35 Million

            by @nasdaq on 27 Jul 2020

            https://ceo.ca/@nasdaq/lion-one-announces-upsize-to-previously-announced-bought

          • On July 28, 2020 at 7:58 am,
            Excelsior says:

            LION ONE METALS – QUINTON HENNIGH UPDATES US ON HOLE 500, THE DEEP DRILL HOLE THAT HIT HIGH-GRADE GOLD
            KorelinEconomicsReport July 27, 2020

            Last week there were a couple news releases out of Lion One Metals (TSX.V:LIO & OTCQX:LOMLF) focused on hole 500 that is drilling down to a depth of 1,000 meters. Headline results yielded β€œ2m grading 35.28 gpt Au starting at 558.0m followed by 12.7m grading 46.14 g/t Au starting at 571.0m”.

            “Quinton Hennigh, Technical Advisor at Lion One joined me for a recap of the results. We discuss the concept of a feeder zone that is being tested with the current deep drilling. We also address the next steps for the Company balancing out moving into development and following up on this new discovery.”

            http://www.kereport.com/2020/07/27/lion-one-metals-quinton-hennigh-updates-us-on-hole-500-the-deep-drill-hole-that-hit-high-grade-gold/

        • On July 28, 2020 at 8:22 am,
          Dan, calgary says:

          Cool!;-)

          • On July 28, 2020 at 8:27 am,
            Excelsior says:

            Dan I saw your other post down below. I believe this is the “Cool!” regarding Santacruz Silver buying their 3rd mine/mill at Zimapan. Correct?

            It is very cool indeed…

          • On July 28, 2020 at 5:25 pm,
            Dan, calgary says:

            Yup, I was posting from my phone without my glasses I guess, haha. Santacruz has done well for itself.

    • On July 28, 2020 at 8:40 am,
      Wolfster says:

      Believe I made a comment recently wondering if Kootenay may be getting held down by a possible financing in the works. Baby steps but I still love it going forwards.

      • On July 28, 2020 at 9:08 am,
        Matthew says:

        Wolfster, I don’t think it will be baby steps for much longer. Not counting the high grade project and its potential, KTN has at least 63M ounces “in the money” right now. The current 24.70 silver price adds $2.70 per each of those 63M ounces. That’s an additional $170M of value in the ground that is not yet priced into the shares.Which brings me to one other extremely important component to leverage: Market cap. For any given news item that might add value, obviously the lower the market cap the better. The added $170M should be good for more than a double since KTN has a market cap of about $100M but the leverage would be five times greater if KTN had a market cap of $20M. I think you already know this stuff but for those new to the sector, the concept is an important one that explains why discoveries made by the Barricks or Newmonts of the sector don’t move the share price needle.

        • On July 28, 2020 at 10:01 am,
          Wolfster says:

          Got upsized in a hurry. Any chance the added $2M is Sprott???🀞

          • On July 28, 2020 at 10:12 am,
            Matthew says:

            Could be but I’ll guess it’s just due to market demand. The extra cash is great and the terms aren’t bad with the warrants way out of the money at 55 cents.
            Eric Sprott paid $5M at .16 for his shares and Sprott Asset Management paid $2M at .26 last year. The associated warrants were .22 and .40, respectively.

        • On July 28, 2020 at 11:26 am,
          Rene says:

          Thanks Matthew for the clarification, appreciated, how does that work out for Brixton? Thanks for all your comments and posts here.

          • On July 28, 2020 at 8:54 pm,
            Matthew says:

            Rene, Brixton is very different in that it has no NI 43-101 compliant measured and indicated resources just some inferred ounces at Thorn and a historical resource at Hog Heaven of 47M ounces of silver and .23M ounces of gold. I’d bet there’s nothing wrong with the historical resource but it is not bankable yet. Still, it is definitely part of the value calculation and I’m sure I’m not alone in giving the company credit for those ounces.

            While Kootenay’s ounces were the main reason for my interest in that stock, it’s the huge exploration potential that is the primary reason for my interest in Brixton. That makes Brixton more speculative and maybe technically more risky but I think the actual risk at the current price is much lower than most might perceive. Brixton’s market cap is about one-quarter that of Kootenay’s and probably for good reason but I will be surprised if Brixton doesn’t outperform Kootenay over the next 6 months. However, I will also be surprised if Brixton isn’t more volatile than Kootenay precisely because it is much more difficult to price its potential than to price the resources that Kootenay already has.

            There’s a lot more guesswork in speculating in the explorers which is part of the reason for their often unbelievable gains.

  10. On July 28, 2020 at 6:47 am,
    cfs says:

    METALLA ACQUIRES AN EXISTING ROYALTY ON KIRKLAND LAKE’S FOSTERVILLE MINE

    • On July 28, 2020 at 6:51 am,
      Excelsior says:

      +1 MTA Metalla is really impressing me lately.

      • On July 28, 2020 at 10:07 am,
        Excelsior says:

        MTA up another 8% today.

  11. On July 28, 2020 at 6:52 am,
    Excelsior says:

    (AR) (ARNGF) Argonaut Gold Drills High-Grade Intercept of 6.0 Metres at 8.31 g/t at Magino; Phase Two Magino Drill Program Shows Promising Continuity Between High-Grade Intercepts in the Elbow Zone, including 20.0 Metres at 4.58 g/t Gold

    by @newswire on 28 Jul 2020

    https://ceo.ca/@newswire/argonaut-gold-drills-high-grade-intercept-of-60-metres

  12. On July 28, 2020 at 6:55 am,
    cfs says:

    Palladium One drills 41.6 m of 2.16 g/t PdEq at LK

    2020-07-28 06:41 ET – News Release

    Mr. Derrick Weyrauch reports

    PALLADIUM ONE INTERSECTS 41.6M @ 2.16 G/T PALLADIUM EQUIVALENT AT THE OPEN PIT LANTINEN KOILLISMAA PGE-CU-NI PROJECT, FINLAND

    Palladium One Mining Inc. has released the second batch of drilling results from the phase 1 winter 2020 drill program at the Lantinen Koillismaa (LK) PGE-Cu-Ni (platinum-group-element-copper-nickel) project, located in north-central Finland.

    Highlights:

    41.6 metres grading 2.16 grams per tonne palladium equivalent (PdEq), in hole LK20-007:
    Total platinum group elements (PGE) (palladium plus platinum plus gold) of 1.18 g/t;
    Individually by metal, 0.83 g/t Pd, 0.28 g/t Pt, 0.07 g/t Au, 0.16 per cent copper and 0.17 per cent nickel:
    Including 7.8 m grading 3.26 g/t PdEq:
    Total PGE of 2.18 g/t;
    Individually by metal, 1.53 g/t Pd, 0.53 g/t Pt, 0.13 g/t Au, 0.21 per cent Cu and 0.17 per cent Ni;
    36.8 m grading 1.97 g/t PdEq, from 33 m downhole, in hole LK20-005:
    Total PGE of 1.13 g/t;
    Individually by metal, 0.74 g/t Pd, 0.31 g/t Pt, 0.08 g/t Au, 0.16 per cent Cu and 0.13 per cent Ni:
    Including 8.2 m grading 3.40 g/t PdEq:
    Total PGE of 2.00 g/t;
    Individually by metal, 1.38 g/t Pd, 0.52 g/t Pt, 0.11 g/t Au, 0.29 per cent Cu and 0.21 per cent Ni;
    Reported widths are drilled widths; true widths are estimated to be approximately 90 per cent of drilled width.
    President and chief executive officer Derrick Weyrauch commented, “Hole 7 has confirmed a previously unrecognized higher-grade shoot within the Kaukua open-pit deposit; this shoot remain[s] open at depth and further drilling could significantly expand the current resource.”

  13. On July 28, 2020 at 6:58 am,
    cfs says:

    Pure Gold drills 10 m of 12.8 g/t Au at Pure Gold

    2020-07-28 07:01 ET – News Release

    Mr. Darin Labrenz reports

    UNDERGROUND DRILLING AT PUREGOLD RED LAKE MINE INTERSECTS 12.8 G/T GOLD OVER 10.0 METRES

    • On July 28, 2020 at 7:09 am,
      Excelsior says:

      Well done Pure Gold. I was on a webinar with them reviewing an update yesterday, and I continue to be impressed. They’ve been my best performing gold developer this year as they move towards production by Christmas, but they continue to keep hitting with exploration as well, sweetening the pot.

  14. On July 28, 2020 at 7:00 am,
    cfs says:

    Liberty Gold drills 96 m of 1.44 g/t Au at Black Pine

    2020-07-28 06:34 ET – News Release

    Mr. Cal Everett reports

    LIBERTY GOLD EXPANDS THE NEW HIGH GRADE OXIDE GOLD D-3 ZONE AT BLACK PINE; 1.44 G/T AU OVER 96.0 M INCLUDING 1.95 G/T AU OVER 32.0 M AND 1.86 G/T AU OVER 29.0 M

  15. On July 28, 2020 at 7:02 am,
    cfs says:

    QMX Gold drills 5.6 m of 29.38 g/t Au at Bonnefond

    2020-07-28 06:44 ET – News Release

    Mr. Brad Humphrey reports

    QMX GOLD REPORTS STRONG RESULTS AT BONNEFOND IN VAL D’OR QUEBEC

    • On July 28, 2020 at 7:10 am,
      Excelsior says:

      Nice. I’ve only been a QMX Gold shareholder for about 2 weeks, but these were the kinds of high-grade results I wanted to see.

  16. On July 28, 2020 at 7:14 am,
    Excelsior says:

    Nighthawk selling off hard down 24% today on their resource update which looks very solid, but investors wanted to see more. (what a surprise). I may venture in during this carnage.

    ____________________________________________________

    (NHK)(MIMZF) Nighthawk Defines Initial Underground Resource at Colomac and Converts 82% to Indicated Resources Establishing a Strong Foundation for Future Growth

    July 28, 2020

    https://ceo.ca/@accesswire/nighthawk-defines-initial-underground-resource-at-colomac

    by @accesswire on 28 Jul 2020

    • On July 28, 2020 at 7:20 am,
      Excelsior says:

      It is similar to the selloff we saw yesterday and continuing into today with Azimut Exploration, where the market wanted more, more, more…. but often times the expectations driving these exploration stocks higher are divorced from reality, and when reality shows up in a press release where the results are good and solid, but not earth-shattering amazing, then folks bail. Conversely, I like to start buying when these sell off, clearing out the froth and hot money, but the projects are actually getting more derisked. I added more to Azimut and picked up some Nighthawk so far today, as well as adding to my Dolly Varden position. I may grab a little more Discovery that I trimmed yesterday into the froth, and may grab more Kootenay while it is on sale.

      • On July 28, 2020 at 7:24 am,
        Excelsior says:

        I still remember when the Orezone news broke a few years back where their resource recalculation really disappointed the marketplace and it sold off hard and I was buying it strong the next few trading session. Over time, as investors expectations were recalibrated, it has proven to be one of the best gold development projects out there and has been a superb investment.

        Zig when the others zag….

  17. On July 28, 2020 at 7:37 am,
    OOTB Jerry says:

    Gold at $1944…..looks great to me…… πŸ™‚
    One more hour…..and let’s see what happens….

    • On July 28, 2020 at 7:42 am,
      Excelsior says:

      Yep, Gold heading back up again. OOTB, the way things have been going the last few weeks, in another hour Gold may be at $2044…. (or $1844). Wild times!!

      • On July 28, 2020 at 7:47 am,
        OOTB Jerry says:

        Bob Hoye has a great article at 321 gold…..for the next targets…..

        • On July 28, 2020 at 7:48 am,
          OOTB Jerry says:
          • On July 28, 2020 at 7:52 am,
            Excelsior says:

            Wow. Bob Hoye has got some interesting Fib targets for sure.

            “The 2.618% Fibonacci measurement out of the six-year base under $1370 measures to $1888. Thelarger pattern from the $1923 high to the $1045 low measures to $2466 and $3344.”

            (I may have just soiled myself) πŸ™‚

          • On July 28, 2020 at 8:04 am,
            OOTB Jerry says:

            πŸ™‚ I use to think Bob H. did not know what he was talking about,,,back 8 yrs or so…..
            But, when he hit the target on the GSR ….going over 115 …..I started to have some kind thoughts for him… πŸ™‚

        • On July 28, 2020 at 7:49 am,
          Excelsior says:

          Thanks OOTB. I’ll go check it out.

          For clarity those weren’t targets, I was just kidding about how volatile things have been lately and that a +/- $100 move in a hour wouldn’t surprise me.

          • On July 28, 2020 at 8:12 am,
            John Kruschke says:

            The Au and Ag futures are ripping again.
            This has been definitely worth the wait.

          • On July 28, 2020 at 8:23 am,
            Dan, calgary says:

            That was supposed to go under the Santacruz thread.

          • On July 28, 2020 at 8:46 am,
            cfs says:

            I expect more news on Santacruz this afternoon.

          • On July 28, 2020 at 8:48 am,
            cfs says:

            Rumors are flting about Silver One.
            Anyone here have any news?

          • On July 28, 2020 at 8:59 am,
            Excelsior says:

            I’ve only seen the news about SCZ buying their Zimapan mine outright, and haven’t heard anything about SilverOne but will go check the rumor mill…

          • On July 28, 2020 at 9:04 am,
            Excelsior says:

            So far all I’ve seen is this news update:

            Silver One Advances Exploration Targets at Its Very High-Grade Phoenix Silver Project, Arizona
            by @newsfile on 27 Jul 2020

            https://ceo.ca/@newsfile/silver-one-advances-exploration-targets-at-its-very

  18. On July 28, 2020 at 8:38 am,
    cfs says:

    The media just does not want the public to know there are all kinds of partial cures for covid-19.
    https://www.thegatewaypundit.com/2020/07/stunning-twitter-suspends-donald-trump-jr-posts-viral-video-successful-hcq-treatment-covid-19/
    It disgusts me.

    • On July 28, 2020 at 8:52 am,
      OOTB Jerry says:

      Who Cares……????????

      • On July 28, 2020 at 9:16 am,
        cfs says:

        Those that can’t go into Walmart without wearing a stupid mask.

        • On July 28, 2020 at 9:53 am,
          OOTB Jerry says:

          Do we have any walmart shoppers here……

  19. On July 28, 2020 at 8:58 am,
    SilverDollar says:

    Agree totally with Chris on leveraged ETFs. Take some profits…..they can disappear overnight. On silver though, I’m not sure Chris has missed the whole run-up in silver from about $18 to $26.
    With all due respect, in PMs one has to be willing to take some risk for the big rewards. And with that said, I’m not saying there won’t be some corrections to these pm markets. I guess to each his own!

    • On July 28, 2020 at 10:21 am,
      Matthew says:

      A lot of commentators have a strange aversion to the silver stocks and I don’t get it. To each their own, yes, but they are not helping themselves or their fans (Brent Cook, John Kaiser, etc).

      • On July 28, 2020 at 11:15 am,
        Excelsior says:

        Agreed. Don’t leave out Mickey Fulp who was dissing on those that invest in Silver miners in 2016 when they trounced his picks, and for the last year he’s thrown a number of barbs at Silver mining stock investors again, and just 2 weeks ago said he didn’t think Silver would get much above the $19 level due to industrial demand, and said the Gold:Silver ratio at 90 was normal, and that is why Silver could never make it to 100 or it would imply a Gold prices of $9000. M.F. neglected to consider that the Gold:Silver ratio actually may drift down over time to let’s say 30:1 where $100 Silver would simply mean $3000 Gold.

        I don’t get alienating their audience of resource investors, and if people are bullish Gold and Gold mining stocks (as they should be), then why wouldn’t they be even more bullish Silver and Silver mining stocks? It’s a terrible marketing strategy for them, misses out on huge gains for their followers, and ripping on Silver investors as crazy all the time as near-sighted as it is insulting.

        In Precious Metals bull markets SILJ will out perform both GDX and GDXJ and that will become painfully clear once again to these “experts” that are gold purists, and it will be entertaining to remind them of that whole way up.

        • On July 28, 2020 at 11:59 am,
          Matthew says:

          Oh yeah, MF. I never thought he’d be the man-bun type (if he had hair). I guess his camo and that old 4×4 he used to have were a cover. So sad.

          • On July 28, 2020 at 12:45 pm,
            Matthew says:

            My little joke is a reference to MF’s buddies Cook and Kaiser making silver investment political four years ago when they decided silver investors are “right-wing extremists.”
            It was a peculiar and cringe-worthy display that I have since seen from others. Perhaps it stems from the fact that leftists in general do not understand money or the immorality of the monetary systems in place around the world.

          • On July 28, 2020 at 1:27 pm,
            Excelsior says:

            Agreed. Silver is money like Gold and has been many years.

            In one of those 2016 “At the Bar” video segments, both Fulp and Cook called Silver investors crazy “wingnuts” and had a good chuckle over it. Too bad most of the Jr Silver companies just destroyed their picks that year and in many other cycles. Meanwhile Brent has pumped Mirasol for a decade as it has gone nowhere, and Fulp changes what he likes based on which companies will still sponsor his website, but most were not anywhere close to the performance of SILJ back in 2016 or over the last year as he’s crapped on Silver investors once again.

            Yes it is sad that they don’t get it.

          • On July 28, 2020 at 3:05 pm,
            Matthew says:

            Kaiser is the one that made the “right wing” comments (in an interview by himself).

      • On July 28, 2020 at 1:03 pm,
        SilverDollar says:

        Agreed that they aren’t helping their subscribers. I don’t see any right/left bias in silver investment. Grew up with many family members miners of the product. I easily remember when it was controlled at $1.29. The last big mine in our area closed. Anyway, I’ve personally made more on silver than any other single investment. All of my physical was purchased under $5. Some at $3. I believe I’ll live long enough to the price over $100 easily and within the next three years or so.
        The headline on MF’s podcast on Palisade caused me to skip the listen. Don’t really know who he’s working for but he better be a better geologist than he is a price guesser!

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

          Got you beat…..Have silver for $1…..lol….I was a paper boy in the 50’s
          Use to get morgan silver dollars for xmas, as a present , ….still have them…
          Been adding ever since…..lol…..

          • On July 28, 2020 at 1:23 pm,
            OOTB Jerry says:

            Value….of Morgans MS 67….plus, well over $200 each… πŸ™‚

        • On July 28, 2020 at 1:33 pm,
          Excelsior says:

          SilverDollar – I started listening to that MF interview on Palisade on YouTube, and found the comments to be way out of touch or flat out incorrect, and turned it off half way through shaking my head. Before I left though, I scanned down through the comment section, and most of the comments were pointing out how off base Mickey was about Silver and how being so dismissive was as silly as PM bull as it was a terrible idea for any respect that people may still have for the guy.

  20. On July 28, 2020 at 9:01 am,
    Excelsior says:

    Goldman Warns “Real Concerns Are Emerging” About The Dollar As Reserve Currency; Goes “All In” Gold

    Tue, 07/28/2020

    https://www.zerohedge.com/markets/goldman-warns-real-concerns-are-emerging-about-dollar-reserve-currency-goes-all-gold

    • On July 28, 2020 at 9:02 am,
      Excelsior says:

      Doesn’t Goldman Sucks usually strike folks as a counter-indicator. Having them endorse things is like having Cramer or Dennis Gartman endorse something….

      • On July 28, 2020 at 9:33 am,
        David says:

        Goldman Sucks: Do you mean do they lie and often take a position against the interest of their clients? Why else would they be selected to infiltrate Treasury and other Administration positions on a revolving door basis. The Fed must have oversight from their owners…

        • On July 28, 2020 at 11:16 am,
          Excelsior says:

          Bingo David.

  21. On July 28, 2020 at 10:00 am,
    OOTB Jerry says:
    • On July 28, 2020 at 10:03 am,
      OOTB Jerry says:

      from the article…
      Price of Gold vs Dollar Index at 93.7
      July 27, 2020: $1931

      Mid 2016: $750

      Mid 2003: $370

      Repeat after me: The US dollar has little to do with the price of gold.

      • On July 28, 2020 at 10:09 am,
        OOTB Jerry says:

        Gold’s monetary demand is a function of faith in central banks. When ECB president Mario Draghi promised to do “Whatever it Takes” to save the Euro faith in central banks was temporarily restored.

        That faith continued until the Fed’s talk of “normalization” dies on the vine. And now?

        If you think the Fed has things under control you left your thinking cap on Mars.

  22. On July 28, 2020 at 11:11 am,
    Matthew says:
    • On July 28, 2020 at 11:20 am,
      Excelsior says:

      Good. I’m tired of making money in these Silver miners. (only kidding, a pullback is normal, healthy, and overdue).

      I’m really been considering your point of consolidating more Silver positions down into SILJ and just using leverage in it to push a move in a bullish trend, or even to average down at a low point. I don’t have a position in SILJ (and haven’t for years actually), but if we get a reasonable pullback then I may start building a SILJ position over time from there and as I trim or sell other positions over time, just keep throwing more logs on that fire. The points you laid out the other day made a lot of sense to me.

  23. On July 28, 2020 at 12:10 pm,
    OOTB Jerry says:

    So much for OPTION Expiry……..lol ……..GOLD UP BIGLY

    • On July 28, 2020 at 1:17 pm,
      OOTB Jerry says:

      Hoping is does not retest anytime soon…, wishful thinking…. πŸ™‚

      • On July 28, 2020 at 2:27 pm,
        OOTB Jerry says:

        is to it……

  24. On July 28, 2020 at 2:15 pm,
    Bill says:

    Go FG.V my .05c play…just acquired more land. up 20 points today.
    https://stockcharts.com/h-sc/ui?s=FG.V&p=D&yr=0&mn=9&dy=0&id=p77286627041&listNum=1&a=790739258