Chris Vermeulen - The Technical Traders – Wed 29 Jul, 2020

Precious Metals Volatility – The Fear Trade Is Growing But Where Does Gold and Silver Go From Here?

Chris Vermeulen kicks off today with a focus on the precious metals. Gold and silver have been extremely volatile but remain in an uptrend, with most other safe haven assets. The performance against the US markets is key.

Click here to visit Chris’s site – The Technical Traders.

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Comments:
  1. On July 29, 2020 at 6:42 am,
    Tom says:

    long HMHC

    • On July 30, 2020 at 3:47 pm,
      paul says:

      long DICK

      • On July 30, 2020 at 5:02 pm,
        Matthew says:

        Of course you are.

        • On August 5, 2020 at 4:37 pm,
          paul says:

          Yes, I have long DICK. Women like long DICK. Of course you would not know since you are gay.

  2. On July 29, 2020 at 7:18 am,
    Paul says:

    Chris your research Dept put out couple months ago predicted gold, silver will accelerate higher but you were in gld then panic out, then got in gdxj then panic out, silver you never got in.
    Question is you didn’t follow your research and back in end may got into metals but got out and missed big run up from June and July, Im not sure if your newsletter is day trading or just not as confident in your research Dept predictions.
    I get all free research from your site and they been claiming there right on in there predictions so why haven’t you been invested in metals, seems you been chasing the retest in stocks you been saying for 2 months when S&P was coming off March lows and hit 2600 level only to be wrong and miss the ride, also got in sfs short at 2900 only to take loss and now we’re at 3200, I know eventually stocks will roll over and you will be right but your actual picks in your portfolio are way off timing.

    • On July 29, 2020 at 9:02 am,
      Glenfidish says:

      My research has led me to believe that we have what I think to be the number 1 technical/chartist I have seen in Matt! You combine that with Gary savages cycles and you are golden.

      I’m not sure about Chris’s research because I do not follow him so I won’t say anything about it. What I will say however is that there are far more news letter writers and traders that consistently miss the timing and claim afterwards that they have been bang on. We all know this.

      Gold remains intact and the fear wall we spoke about here months ago including myself continues and will only get worse.

      Today is nothing more than a buying opportunity possibly even lower..

    • On July 29, 2020 at 10:15 am,
      b says:

      Nobody Knows Anything: Investing Basics
      Bob Moriarity

      Its a good read.

    • On July 29, 2020 at 10:16 am,
      b says:

      This was for Paul, went to the wrong place.

      Nobody Knows Anything: Investing Basics
      Bob Moriarity

      Its a good read.

    • On July 29, 2020 at 2:38 pm,
      Chris V. says:

      Hey Paul, we missed the recent rally in metals for swing trading but keep in mind this is a new bull market for investing and we have been long gold since the breakout in July 2019 which is up big, and long GDX for months since they started a new bull market earlier this year with the investing newsletter. Sometimes we miss a trade and don’t want to chase prices, but another strategy we use on a differnet time frame should catch it which is has perfectly with TheTechnicalInvestor.com

  3. On July 29, 2020 at 7:40 am,
    Rene says:

    i’ve been noticing similar things with Chris V predictions, but thats what they all are in the end its all a prediction, reality is different,

  4. On July 29, 2020 at 8:11 am,
    larry says:

    /ES mini…I have two resistance levels yet above the OUL at 3249…and TAS profile top at 3268…then I short away with a stop at 3285 swing high price….Done…waiting is the……

    More medical corruption trying to keep you unnecessarily scared and weak…just like with all the unnecessary chronic degenerative illness by using the exact wrong approach to heal you….they want you ripe and juicy scared and sick, it is their business…lololololololoLOLOLOLOLOLLOLOLLOOLOL

    https://www.naturalnews.com/2020-07-28-doctor-who-cured-coronavirus-patients-speaks-out.html

    • On July 31, 2020 at 9:32 am,
      larry says:

      looks like time to take shorts profits….selling into funds buying does not form the top….just yet

  5. On July 29, 2020 at 8:39 am,
    larry says:

    REALLY?>>>WOW

    https://www.naturalnews.com/2020-07-29-covid-truths-banned-and-censored-by-big-pharma.html

    oh and your cowardly compliant stooge MD will not even write you a script for Hydroxyquinone and Z-pac as a preventive in home defense measure…they care about there money flow and you are secondary in that equation…LOLOLOLOLOLOLOllll

    • On July 29, 2020 at 8:44 am,
      Matthew says:

      Such MDs are just criminals.

      • On July 29, 2020 at 8:53 am,
        larry says:

        such are the rule…not the exception…..i was in the game…this naive betting on your doctor is the exception is felonious reasoning…they all use one method…Rockefeller allopathic medical scam…i could give many examples of suffering people who could be cured and never will with common illness…suicide is better the system encourges this…..i have seen it

        • On July 29, 2020 at 9:02 am,
          Matthew says:

          I agree. Some MDs realize the problem but most probably don’t. Garbage in, garbage out.

          • On July 29, 2020 at 9:18 am,
            cfs says:
          • On July 29, 2020 at 9:25 am,
            larry says:

            It is a religion based on enough reality to be sufficiently believable for most being indoctrinated at the programs……Programing being the key word akin to brainwashing only not during a war ………However that then turns around as a war against the nations health……Mechanical unrelenting victorious modern warfare!……..But the statistics at NIH,CDC,etc…show it to be a failure for YOU with a negative statistical expectancy…Fancy talk for no one gets healthy ever again….You become milk cows for the systems annuity cash flow rewards designed for taking such good care of you!…LOLOL…ask anyone..lololol….annnnd if the good little docs go along for the ride as a nice guy compiant lovely soul they live GOOD off your decline…lolol……Bram Stoker knew what he wrote about…lololol

          • On July 29, 2020 at 9:38 am,
            Matthew says:

            Politics = “poly-ticks” = many bloodsuckers/parasites.

          • On July 29, 2020 at 10:29 am,
            OOTB Jerry says:

            Ha, ha………..good one Matt……poly ticks…..you can say that again…. 🙂

    • On July 29, 2020 at 9:49 am,
      larry says:

      CFS/commy connection…saved for later review!…tanks

  6. On July 29, 2020 at 8:40 am,
    Excelsior says:

    Musk Promises ‘Giant Contract’ for Efficiently Mined Nickel

    July 22, 2020 – Brian Eckhouse and Yvonne Yue Li

    https://www.bloomberg.com/news/articles/2020-07-22/musk-promises-giant-contract-for-efficiently-mined-nickel

    • On July 29, 2020 at 11:06 am,
      Excelsior says:

      Group Ten Metals is running nicely today. PGE up 13% on the day.

      I’ve notices the PGM mining space is getting a bit more active lately.

      • On July 29, 2020 at 12:33 pm,
        Charles says:

        I saw that this morning and bought some more. It is getting to be a large-ish position as I have been accumulating for about a year. Should be nice when it spouts!

        • On July 29, 2020 at 2:58 pm,
          Excelsior says:

          Yes, Group Ten is my largest PGM position, but I’ve been adding to Jubilee and Platinum Group Metals as well. I’m going to be adding another PGM position soon and am debating Sylvania Platinum, New Age Metals, Canadian Palladium, and Generation Mining.

  7. On July 29, 2020 at 9:16 am,
    Matthew says:

    I have to say that the pullback volumes I’m seeing are bullishly wimpy so far. That goes for the ETFs as well as my tiny caps.
    IPT for example, is down 9.35% on 525,000 shares. For such a large drop, that’s not many. The moves up on the 20th and 21st averaged over 2.3M shares and I doubt half that will be reached today unless there’s a turn to the upside.

    • On July 29, 2020 at 9:34 am,
      Rene says:

      Thanks for mentioning, just picked some up

    • On July 29, 2020 at 9:36 am,
      Wolfster says:

      Yeah I used the opportunity to buy more ipt at .98

      • On July 29, 2020 at 9:51 am,
        glenfidish says:

        Wolf you smart man!

        It would be prudent to wet your beak at that level and shrewd at.74-.84 if it ever got there again..

      • On July 29, 2020 at 12:37 pm,
        Charles says:

        I picked up some more ISVLF on the drop at 0.227.

    • On July 29, 2020 at 9:40 am,
      Excelsior says:

      I tend to agree Matthew. The miners are slightly down w/ GDX, GDXJ, SIL, SILJ — all down 2-3% today. I was watching IPT earlier to see if it would pull back more into the double digits, but no such luck (for adding a bit more). I went scouting around to most of the stocks in my portfolio that were down on the day to see how much if it made sense to add, but it wasn’t enough to do anything about so just holding for now.

      • On July 29, 2020 at 9:44 am,
        Wolfster says:

        Got a stink bid in for discovery with the last of my free cash. Want back in after selling it all on the Sprott pop

        • On July 29, 2020 at 9:52 am,
          glenfidish says:

          Wolf,

          You have some deep pockets lol..you sound like doc he is always shopping.

        • On July 29, 2020 at 10:22 am,
          Excelsior says:

          Wolfster – I have a stink bid waiting in Discovery as well, but it is likely too low to get filled today. I already added a smidgen to DSV since selling a portion into the Sprott pop, so I want even lower prices if I’m going to add even more. 😉

      • On July 29, 2020 at 2:09 pm,
        RICHARD/DOC says:

        These stocks may be signalling a long desired pullback and consolidation. It’ll only be another buying opportunity. There are some really nice bargain prices coming up again.

    • On July 29, 2020 at 10:04 am,
      Dan, calgary says:

      Haha, I just bought some about half an hour ago too. Looked over all I owned and this buy screamed out to me.

  8. On July 29, 2020 at 9:22 am,
    Rene says:

    SantaCruz still halted…?

    • On July 29, 2020 at 9:36 am,
      Excelsior says:

      Hi Rene. Yes Santacruz just announced they are purchasing their Zimapan Mine, (their 3rd and most profitable mine). My one concern since they did the transaction with that takeover of Carrazla last year in Q3 for access to a 50% lease on using Zimapan, and Q4 for the other 50% lease to use Zimipan for 100% access, was that this lease expired in December of this year. There was no guarantee it was going to be renewed, but now they bought Zimapan which was a very smart move. Think about how expensive it is to explore, develop, permit, get social license, construct, and then optimize a new mine & mill…. it is far more advantageous for them to just buy one already working well for them. I’m very happy they locked in Mine #3 for moving forward.

      _______________________________________________________________

      (SCZ) (SZSMF) Santacruz Silver Signs Agreement to Acquire the Zimapan Mining Assets from Grupo Peñoles
      July 28, 2020

      http://www.santacruzsilver.com/s/news_releases.asp?ReportID=878110

      • On July 29, 2020 at 9:43 am,
        Bill says:

        Thx Exc…holding mine still. Was a quick double

        • On July 29, 2020 at 10:20 am,
          Excelsior says:

          Yes, and SCZ was the top silver performer out of the producers last year when prices ran to $19.75 in 2019. I believe it can run much higher from current levels, but of course will be subject to correction in the Silver miners along the way. I really happy they own Zimapan now – that’s a longer term score for their team, and is likely why there were selling their non-core land in Zacatecas at the end of last week. Their team is executing well on divesting when necessary to make smarter acquisitions.

          Cheers!

          • On July 29, 2020 at 10:39 am,
            Bill says:

            Yes thanks again Exc! Good news as they are going in the right direction.

  9. On July 29, 2020 at 9:23 am,
    Rene says:

    Teuton and Tudor up nicely today

    • On July 29, 2020 at 9:43 am,
      Excelsior says:

      Yeah I saw that with Tudor at an all time high today and a market cap of $592 Million.

      That’s higher than many established multi-mine Gold & Silver producers and is stunning.

      I notices Teuton and and American Creek (their JV partners) were also up big in sympathy.

    • On July 29, 2020 at 10:58 am,
      David says:

      Maritime up also.

      • On July 29, 2020 at 11:15 am,
        Excelsior says:

        Wow. MAE up about 40% today.

        At first I was hoping it was Anaconda ANX taking them over.

        • On July 29, 2020 at 11:26 am,
          Excelsior says:

          QMX Gold Reports Strong Results at Bonnefond in Val d’Or Quebec

          by @nasdaq on 28 Jul 2020

          > DDH 17315-20-114 returned 1.18 g/t Au over 136.2 m including 12.14 g/t Au over 3.0m in the Bonnefond intrusive
          > DDH 17315-20-117 returned 29.38 g/t Au over 5.6m including 111.70 g/t Au over 1.4m in a shear zone south of the Bonnefond intrusive.
          > DDH 17315-20-119A returned 1.79g/t Au over 228.7m including 13.58 g/t Au over 7.0m in the Bonnefond intrusive.

          https://ceo.ca/@nasdaq/qmx-gold-reports-strong-results-at-bonnefond-in-val

  10. On July 29, 2020 at 9:24 am,
    glenfidish says:

    +1 Matt

    Does anyone in here think the cycle has topped for this run? Im only excepting yes or no answers and nothing in between that can give you a bail out in case your wrong lo.

    Glen says this cycle has yet to go! Has not topped. I think we have one possibly two more runs up before topping and than correction/consolidation.

    These are buying days..possibly even lower

    • On July 29, 2020 at 9:39 am,
      Wolfster says:

      No

      • On July 29, 2020 at 9:56 am,
        glenfidish says:

        Thanks ex,

        always a gentleman.. I figured my trading platform td is sufficient but will keep this in mind.

        • On July 29, 2020 at 9:58 am,
          Excelsior says:

          I believe that was in regards to using investing.com’s charts. They are good for quick and dirty charting, they go down to the lessor charts (which some trading platforms don’t), and have the basic tools on the left hand side for trendlines, forks, arcs, chart overlays like moving averages or bollinger bands, and indicators like MACD, RSI, Slow Stochastics, CCI, TRIX, TSI, etc…

    • On July 29, 2020 at 9:55 am,
      Excelsior says:

      No.

      Still further to climb before a meaningful corrective move. Then after the coming corrective move, there is still one more move to even higher price levels in the PMs before we finally see the more protracted correction.

      • On July 29, 2020 at 10:00 am,
        glenfidish says:

        Wow,

        Two minds thinking alike and i bet matt and others like jerry and wolf also see that pattern> Its refreshing as we get to those higher targets ex we know how much the belly starts to jiggle and the wall gets really uneasy even to the best of the best.

        Good to hear this..Just trying to put a number on gold when this happens. As matt discussed with me he is seeing north of $2000 maybe shy of $2100

        • On July 29, 2020 at 10:09 am,
          Excelsior says:

          Good thoughts Glenfidish. I’d highly recommend spending the few minutes to see Gary Wagner’s projection of where the correction could go if started here or his 2nd target higher up over $2000, and then where the next impulsive leg higher could go after that before the larger corrective move begins.

          You probably already know this, but just for anyone trying to decode some of the Elliot Wave jargon he intermixes, the basics of E.W. is a 5 Wave move up higher, followed by a 3 Wave A/B/C corrective move.

          In the 5 Waves bullish trend, then Waves 1, 3, and 5 are bullish, and Waves 2 & 4 are bearish. When the Gary W. video picks up he is discussing us coming to an end of the 3rd bullish wave, preparing for the Wave 4 corrective move, and then a final Wave 5 higher to the $2100-$2200 range.

          After that Wave 5 top (still to come) the assumption would be the larger corrective A/B/C down trend begins and that would be the more protracted move lower. In E.W. The A & C waves are bearish, and B wave is counter-trend bullish. After the 3 Wave corrective move down is finished, then the next 5 Wave up begins and so on….

        • On July 29, 2020 at 10:20 am,
          Wolfster says:

          I did answer……I’m still a no even after another 1hr of thought.😎

          I’m under the illusion (delusion) that seasonal strength will help get us over $2,000 easily.

          • On July 29, 2020 at 10:25 am,
            Excelsior says:

            +2000

      • On July 29, 2020 at 10:02 am,
        Excelsior says:

        I feel this Gary Wagner TA video from over the weekend has the general medium term picture laid out well, and I recommend seeing his 2 potential paths for Gold if it corrects here or somewhere higher over $2000, what the corrective Wave 4 move will look like, and then where next impulse Wave 5 could project to.

        Even if Gary’s target numbers are off, I agree with the general premise for both potential paths forward.

        __________________________________________

        Gold Stages The Highest Weekly Closing Price On Record At $1900.30 An Ounce
        Jul 24, 2020 – Gary Wagner #TechnicalAnalysis #Chart #VIDEO

        https://youtu.be/xPPT_E7OBMI

        • On July 29, 2020 at 1:14 pm,
          glenfidish says:

          Ex,

          I posted down below in the wrong section. Just to add to my previous point ex, my model would be more aggressive due to all that’s happened with printing and how long this cup and handle pattern has based. So I have slightly the same targets on his aggressive style with even a higher target of possibly up to $2300on wave five.

          • On July 29, 2020 at 2:17 pm,
            Excelsior says:

            Thanks Glendfidish. Hey, I like the sound of $2300 Gold just fine. 🙂

    • On July 29, 2020 at 11:01 am,
      chris says:

      No!

    • On July 29, 2020 at 12:13 pm,
      David says:

      Maybe/maybe not. I have a call into New York Fed.

  11. On July 29, 2020 at 9:26 am,
    glenfidish says:

    For the record my short term has not been sold nor trimmed or groomed…
    My longs is not for touching just loading if big flash crashes come.

    • On July 30, 2020 at 7:06 am,
      Excelsior says:

      I’m sure glad I trimmed some positions back the last 2 weeks into highs, as I’m buying those same stocks back today at much better prices than I sold them for. 😉

  12. On July 29, 2020 at 9:28 am,
    Rene says:

    Am finding it hard to get live quotes from TSX without delays, here in South Asia which websites do you guys use?

    • On July 29, 2020 at 9:47 am,
      Excelsior says:

      I usually use Yahoo Finance and Bloomberg, but their quotes are delayed by 10-15 mins.

      If you want more live quotes then Investing dot com does a good job, if you search for whatever tickers you are watching closely. You can also view the 5 minute and 1 minute charts if you are day trading.

      https://www.investing.com/indices/s-p-tsx-composite

      • On July 29, 2020 at 9:59 am,
        Rene says:

        Thanks Excelsior appreciated, Nighthawk still on discount today

        • On July 29, 2020 at 10:14 am,
          Excelsior says:

          Yes, I saw that and put in a stink bid limit order in case it really pulls back , but it didn’t get down far enough. If it continues to pull down over the next few weeks as the selling gets exhausted then I’ll likely add another tranche, but am prepared when I jump in the waters for 20-40% corrective moves from an initial stake out. I already feel I’ve underpaid for the position about 8% higher, but if it pulls back another 12-15% then I’ll likely add more NHK.

          • On July 29, 2020 at 10:39 am,
            Excelsior says:

            Rene – a contributor over at ceo.ca (@tumbleweed) just posted an interesting Nighthawk chart that has me reconsidering adding just a bit more while it is pulling back down even further today.

            ___________________________________

            @tumbleweed – “Long term support area as well as the .618 Fibonacci retracement of the entire move off the March lows. Looks good for a bottom .”

            https://www.tradingview.com/x/EHxTzX3d/

          • On July 29, 2020 at 6:31 pm,
            buzz says:

            Nighthawk announces 10 million $ non brokered private placement.

          • On July 29, 2020 at 8:22 pm,
            Excelsior says:

            Thanks for the heads up Buzz. Yeah on the NHK financing at $1.70 that may be where I set a stink bid for tomorrow’s trading for adding a 2nd tranche.

            __________________________________________________

            Nighthawk Arranges a $10.0 Million Non-Brokered Private Placement
            by @accesswire on 29 Jul 2020

            “The Units will be sold at a price of $1.70 per Unit, Premium FT Units will be sold at a price of $2.38 per Premium FT Unit and FT Shares will be sold at a price of $1.90 per FT Share. The Offering will be supported by a lead order from Robert Cudney, Northfield Capital Corporation and Orion Capital Incorporated who are long time shareholders and supporters of the Company, as well as Patrick Sheridan.”

            https://ceo.ca/@accesswire/nighthawk-arranges-a-100-million-non-brokered-private

          • On July 30, 2020 at 7:57 am,
            Excelsior says:

            Yep, it looks like a good place to add to Nighthawk today now that the financing pricing at $1.70 will offer a support level.

  13. On July 29, 2020 at 9:29 am,
    larry says:

    I think an intermediate top is forming from Tom Demark count perspective plus expansion/contraction theory…I do…..how long or deep, do not know a thing….

    A normal daily .382 retracement on GLD is about 165 area on weekly chart

  14. On July 29, 2020 at 9:31 am,
    glenfidish says:

    Gold update!

    Looks to me that we will break $2000 “possibly” before this cycle ends or tops. By the looks of the miners I hold, they still have not reached sufficient resistance and when that resistance comes we will reflect on the price of gold at that moment. It seems it will be north of $2000 by the looks of things.

    • On July 29, 2020 at 9:41 am,
      Rene says:

      Gdx and Gdxj down a little, S&P500 sideways, all waiting for the Fed perhaps

  15. On July 29, 2020 at 9:41 am,
    glenfidish says:

    HI Rene

    I use stockcharts but today for a strange reason they are down. My back up is always td direct investing.

    Hope this helps.

    • On July 29, 2020 at 9:42 am,
      Rene says:

      Thanks for the reply

      • On July 29, 2020 at 9:43 am,
        Rene says:

        Glendfidish

  16. On July 29, 2020 at 9:42 am,
    glenfidish says:

    Matt, stockcharts down what a pisser… What do you use as a backup?

    • On July 29, 2020 at 9:50 am,
      Excelsior says:

      Glenfidish. This may help temporarily, or your trading platform has charting.

      https://www.investing.com/equities/impact-silver-corp-chart

    • On July 29, 2020 at 10:02 am,
      Matthew says:

      Yeah, I don’t know what to do without my charts. Interactive Brokers is my backup.

  17. On July 29, 2020 at 10:15 am,
    cfs says:

    ANTI-TRUST hearings in House.

    Amazon, Twitter, Face-book, Google…..maybr some anti-monopoly action, but probably not because politicians are bought and paid.

    https://www.youtube.com/watch?v=xzVv0tjN73I

  18. On July 29, 2020 at 10:23 am,
    OOTB Jerry says:

    I SAY…………Do your own DD……..”some of the gurus”…….are less than 50% at best on most calls….I agree with GLEN……concerning Matthew……Spot on chartist….

    • On July 29, 2020 at 10:26 am,
      OOTB Jerry says:

      Please note……….I have been following him for at least 10 -11Yrs…..so, I have a clue.. 🙂

    • On July 29, 2020 at 10:44 am,
      Rene says:

      +1

      • On July 29, 2020 at 10:45 am,
        Rene says:

        concerning Matthew

    • On July 29, 2020 at 10:44 am,
      Dan, calgary says:

      I agree fully.

    • On July 29, 2020 at 11:02 am,
      Matthew says:

      Thanks guys. Now watch the trapdoor open! 😲

  19. On July 29, 2020 at 10:46 am,
    Bill says:

    Stockcharts back up. Nothing ugly about the action I can see. We need to see a couple days. BBB looks like it would have broke out if silver was more poz…. Whole sector is weighed down but well needed I think.

    • On July 29, 2020 at 12:33 pm,
      Wolfster says:

      I regret not picking up more BBB when it pulled back from .28 down to low .20’s. I think I missed the last chance to get more at those levrls

      • On July 29, 2020 at 1:43 pm,
        glenfidish says:

        God,

        you bet me to it wolf.. Matt and others have been beating the drum on bbb and kootney..

        I personally can’t due to the amount I have. My craft only allows for 8 top and im one higher.

        • On July 29, 2020 at 2:15 pm,
          Excelsior says:

          BBB had good news out today on a high grade grab sample at Thorn. News posted at the bottom of the blog.

          • On July 29, 2020 at 8:00 pm,
            Glenfidish says:

            Ex,

            I forgot to mention you also have beat the drum in bbb and kootenay..there going to be solid performers in this bull. So many great stocks to choose from your developers to producers and prospects.

            I would really love to get a top 5-10 list you and Matt both think has the best management team and board of directors as you both know I beat the drum over and over on the Importance I place on that.

            Cfs, bob, Jerry, Matt, yourself, wolf, silverdolar, david, Charles everyone in here the whole clan.. I would really enjoy if you have a story from pass performers going back many years and track records of CEO’s still around that have built shareholder value time and time again.

            Cheers

          • On July 29, 2020 at 8:50 pm,
            Excelsior says:

            Thanks Glenfidish. Yes I’ve been trading into and out of both since 2016.

            As far as management teams, I like a lot of them but a few quickly jump out.

            > With regards to the Explorers, of course I like companies where Quinton Hennigh is involved in a technical or Director capacity (Novo, Irving, Lion One, Precipitate Gold, Tristar Gold, etc…), because he goes after very large deposit types that could be game changers in the space. I own Lion One and Precipitate Gold, and was in Novo a few years back.

            Continuing with teams in the Explorers I also like Greg Johnson’s team at Metallic Minerals & Group Ten, and was also with him back at Wellgreen Platinum. Gary Cope & team of the Belcarra Group do good work and I won big with them at Orko Silver, got into Dolly Varden originally with them, and am currently in Orex Minerals with them. They also have Silver Viper which I don’t own.
            _______________________________________

            > From a developers standpoint, I believe there are a number of good teams like Sabina Gold & Silver with Bruce Mcleod, Dolly Varden w/ his son Rob Mcleod involved as a Director, Clynt & team over at Alexco, Doug Ramshaw over at Minera Alamos (also on boards of Great Bear & Vendetta Mining) is one of the better mining executives out there, Michael Jones is sharp and I’m invested with him at West Vault Mining and Platinum Group Metals (he is also on the board at Mag Silver), and I believe the teams at Orezone and Monarch Gold are particularly good.

            My favorite team in the developers space though is the Oxygen Capital Group, with Mark O’Dea who I had wins with at True Gold, he was on the board at NexGen, and currently their team is over 4 companies – Discovery Metals, Liberty Gold, Pure Gold, and Sun Metals. I have positions with Discovery Metals and Pure Gold.

            I guess I should mention that I think Sean Roosen and the Osisko team are one of the sharpest out there (Osisko Gold Royalties, Osisko Mining, Osisko Metals, O3 mining, Falco Resources, Minera Alamos) and I’m currently involved with O3 Mining, Falco, and Minera Alamos.
            ________________________________________________

            For the producers there are too many to name, but I’ll say I believe the teams at Impact Silver, Silvercorp, Santacruz Silver, Americas Gold & Silver, Argonaut Gold, Roxgold, Northern Vertex, and the new team at Galiano Gold are doing a great job.

          • On July 30, 2020 at 8:03 am,
            Excelsior says:

            After think more about quality management teams and spending some time reviewing information last night and taking in the answer from the Q&A sessions from investors after their corporate presentation to Amvest Capital, I’m seriously considering SunMetals, the Copper/Gold stock under Oxygen Capital Group’s management.

            I’m a bit preoccupied with Gold & Silver stocks today, but will be looking to make an entry in the next week or two.

  20. On July 29, 2020 at 10:51 am,
    SilverDollar says:

    A timely note from Jesse Felder:
    /thefelderreport.com/2020/07/29/enjoy-the-gold-fireworks-show-while-it-lasts/?mc_cid=0f9ff3fb91&mc_eid=347a500eba

    • On July 30, 2020 at 8:00 am,
      Glenfidish says:

      Ex,

      Sorry for not replying last night. Incredible how fast you sent me that information. I greatly appreciate it and I will look through it thoroughly. Some fantastic companies I see and names of credible people you have had experience with. Thank you.

      I hope everyone takes notes.

      Glen

      • On July 30, 2020 at 8:19 am,
        Excelsior says:

        Sure thing Glenfidish. It was a good question and made me sit back and consider which jockeys I’m actually backing, and why. It also made me relook at other companies and projects their teams are involved with. Thanks!

  21. On July 29, 2020 at 11:02 am,
    David says:

    The Fed: Fed Funds Unchanged. Waffling conversation follows, I would assume.

  22. On July 29, 2020 at 11:06 am,
    Matthew says:

    You can see why the gold miners stalled where they did:
    https://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=5&dy=0&id=p16013139127&a=672055134

  23. On July 29, 2020 at 11:09 am,
    Matthew says:

    Not sure if I posted this already but Monday saw the highest number of new highs among the gold miners in at least 10+ years:
    https://stockcharts.com/h-sc/ui?s=%24GDXHLP&p=D&yr=2&mn=1&dy=0&id=p19667480975

  24. On July 29, 2020 at 11:13 am,
    Bill says:

    I love Max Bernie. You guy will love this!
    “The Trudeau Liberals recently announced that this year’s budget deficit will reach the astronomical sum of $343 billion.
    Where does the money come from?
    It’s simple. The Bank of Canada is just printing it.
    We’re going to pay for all this government debt one way of another.
    If not with taxes, then through inflation.
    Since March, central banks around the world have printed trillions of dollars, euros, yen and other currencies.
    And they’ve driven interest rates down to zero.
    This massive debasement of currencies is the single most destructive economic policy in the world today.
    It allows governments to spend without limits; zombie companies to continue to waste resources even though they’re bankrupt.
    It encourages everyone to borrow and spend even when they cannot afford it.
    This week, the price of gold surpassed its all-time record high of 2011.
    Investors are flocking to gold as the only real money and safe haven in this crazy world.
    nobody in Canada is talking about this.
    The whole political, financial and media establishment is just blind to this reality.
    What will Canada do if paper money collapses or if inflation speeds up?
    What will Canada do if gold replaces the US dollar as the world’s reserve monetary asset?
    We’re the only major country that has no gold reserve at all.
    We need someone in Ottawa to raise these issues.

  25. On July 29, 2020 at 11:15 am,
    Matthew says:

    You can also see why IPT stalled where it did (very strong buy at the green arrow, in my opinion, if it gets there)…
    https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=5&mn=7&dy=0&id=p30550969651&a=601253654

    • On July 29, 2020 at 11:22 am,
      Excelsior says:

      That looks like a good spot to add to IPT, and it also fills the gaps.

    • On July 29, 2020 at 11:30 am,
      Bill says:

      For sure these spikes can have these sharp pull backs..I see some good buying coming in on many so far….a few days will tell the tail.

    • On July 29, 2020 at 12:34 pm,
      Rene says:

      Thanks for sharing

  26. On July 29, 2020 at 11:22 am,
    Matthew says:

    Should we be concerned if silver doesn’t outperform gold for awhile? NO!
    The gold-silver ratio just put in what might be a short term “blow-off bottom” so a period of gold outperformance is completely called for.
    GLD:SLV daily:
    https://stockcharts.com/h-sc/ui?s=GLD%3ASLV&p=D&yr=1&mn=3&dy=0&id=p64453235407&a=782237616

  27. On July 29, 2020 at 11:25 am,
    larry says:

    I am feeling through comments and projections a lot of confidence on this blog right here…I am concerned considering the 9 count the swing high the 200% expnasion from may high to june low the high volume type 2 hammer candle the pop back into the previous channel lower boundry

    https://tos.mx/dJpCEwP

    • On July 29, 2020 at 11:47 am,
      Matthew says:

      The biggest moves tend to happen from overbought levels becoming much more overbought and this time would be no different. I see what you see but am also coming across traders on other sites that are completely in cash or at least 75% in cash. And most of those not in cash have expressed plenty of concern.

  28. On July 29, 2020 at 11:36 am,
    OOTB Jerry says:

    Larry………you are on the PRO CHANNEL at the KER……. 🙂
    Wall of Worry………Fed is not going to do anything but SCAM the People….
    Makes no difference, what anyone feels or thinks……..Metals are going
    higher, …Not in a straight Line……but, they are at this point running way behind
    the curve….This is just a bet against FIAT…….No one needs to get cute ….
    it is…………KISS…..GOTS…….or any other sign anyone wants to make.
    Nothing has changed since 1971……..and it is not going to change….
    The Govt. is BROKE, and there is OVER $50 Trillion MIssing….
    And we have a GOVT…THAT IS RAN BY CROOKS………..

    • On July 29, 2020 at 11:40 am,
      OOTB Jerry says:

      Humm…..my rant…..and gold just spiked again….. LOL 🙂

      • On July 29, 2020 at 1:28 pm,
        OOTB Jerry says:

        Eric King: “James, your colleague, Alasdair Macleod, spoke with King World News earlier today and warned the gold bears that the bullion banks would be forced to push the price of gold even higher after the FOMC decision. Alasdair nailed it. But I find it interesting inside the gold community that there were so many people waiting for gold to be smashed after the Fed decision. There is truly a large number of individuals in the gold community waiting for the next shoe to drop.”

        “Nobody Believes, And That’s So Wildly Bullish”
        James Turk: “That was a terrific call this morning by Alasdair before the Fed Meeting. And as you said, Eric, nobody believes, and that’s so wildly bullish. We’re in the early stages of a bull market and we can expect to see wide-ranging disbelief. That’s what bull markets do, they climb a ‘wall of worry.’

  29. On July 29, 2020 at 11:43 am,
    larry says:
    • On July 29, 2020 at 12:40 pm,
      OOTB Jerry says:

      Good article Larry……….Put the jerks in JAIL…..Treason ……

    • On July 29, 2020 at 2:41 pm,
      irishtony says:

      larry…that was a great link….the interview down at the bottom , between ..Mike Adams & Del Bigtree…is a must watch…..I would ask you to post it again on the next weekend show , just to catch more fish….

  30. On July 29, 2020 at 12:57 pm,
    glenfidish says:

    Ex,

    I think what i take from all this is that $2000 plus before cycle top is in is pretty much in the bank..

    • On July 29, 2020 at 1:59 pm,
      Excelsior says:

      In a word — Yes.

      Gary actually presented 2 paths.

      Path #1 was a corrective move from current levels in the mid $1900’s and the other path #2 was a corrective move from over $2,000, but after that a corrective move down.

      He showed his exact targets in the video, but it was about $150, then the Wave 5 up in Gold would rally up into the $2100-$2200 level, but those price targets depended on where Gold corrected from and it bottomed on that correction.

      One way or the other, a move above $2000 does seem in the cards in the medium term.

  31. On July 29, 2020 at 1:15 pm,
    bonzo barzini says:

    Rob McEwen has a good interview on Kitco today. He had a target of 5K for gold before
    the insane spending due to the Wu flu. Now he thinks his target is low. Well 5K gold is a good start. When will Kitco interview Matthew and Excelsior? I am hiding from the families in NYC and certainly can never appear on Kitco.

  32. On July 29, 2020 at 1:47 pm,
    Excelsior says:

    (ROXG) (ROGFF) Roxgold Drill Program at Boussoura Returns Broad High Grade Intersections From Previously Untested Fofora Vein Sets, Including 61m at 2.5 g/t Gold
    July 29, 2020

    > 61 metres (“m”) at 2.5 grams per tonne gold (“g/t Au”) in drill hole BSR-20-RC-FFR-037 from 28m including:

    30m at 3.1 g/t Au from 28m, including 6m at 9.6 g/t Au from 32m and 1m at 17.7 g/t from 54m
    28m at 1.9 g/t Au from 61m, including 7m at 6.9 g/t Au from 69m

    https://www.businesswire.com/news/home/20200729005252/en/

    • On July 29, 2020 at 3:31 pm,
      Excelsior says:

      (ORE) (ORZCF) Orezone Receives Approval of Expanded Mining Permit for Bomboré

      by @nasdaq on 29 Jul 2020

      Patrick Downey, President and CEO commented, “We have now received all major permitting required to execute on the mine plan in the 2019 feasibility study for the Bomboré Gold Project. We can now look forward to finalizing project financing and starting full scale construction in the near future. We would also like to thank the Government of Burkina Faso and the local communities for their continued support.”

      https://ceo.ca/@nasdaq/orezone-receives-approval-of-expanded-mining-permit

      • On July 29, 2020 at 4:01 pm,
        Wolfster says:

        Got my roxgold and my orezone warrants……let’s keep the good news coming

        • On July 29, 2020 at 4:15 pm,
          Excelsior says:

          +2

        • On July 29, 2020 at 8:04 pm,
          Glenfidish says:

          Wolf aside from the can I get a wolf wolf!

          I’m going to name you Boss of warrants lol..

  33. On July 29, 2020 at 2:28 pm,
    RICHARD/DOC says:

    I noticed McEwen mentioned $5000 gold. I don’t believe he is even close to the real number.

    • On July 29, 2020 at 2:31 pm,
      OOTB Jerry says:

      Up or Down……..do you think it is higher or lower…..

      • On July 29, 2020 at 2:46 pm,
        RICHARD/DOC says:

        Jerry, Just as I was bearish for years in that U shaped formation, I’m very bullish now. We’ll ultimately see gold much higher over the next 3 years. I would say $5000 is the most conservative price for the future.

        • On July 29, 2020 at 2:52 pm,
          OOTB Jerry says:

          Richard/Doc……..Thanks,..I do agree with you, since , I have been long, a long time… 🙂
          J. The Long….lol

        • On July 29, 2020 at 8:12 pm,
          Glenfidish says:

          Doc,

          My belief is the the gold/dow ratio will meet at 1/1ratio or probably more like 1/2ratio. We can all guess what that golden number will be.. I personally think it lands between 5-10 but who really knows.

  34. On July 29, 2020 at 2:30 pm,
    bonzo says:

    Doc, I prefer the Elliot Ness Wave as a tool. Just heard Pierre Lassonde on KWN predict gold will go to 9K or 10K in 4 years. That could take silver to $200 or more. Of course Biden wants to tax our gains at 60%.

    • On July 29, 2020 at 3:24 pm,
      OOTB Jerry says:

      If, the non workers are going to get $200 a week, …….then $200 per oz for silver is right in line…. 🙂

    • On July 29, 2020 at 3:28 pm,
      chris says:

      Hey bonzo, I heard his plan was the old capital gain rate before the Trumpster lowered it plus FICA with no cap on it……thus 54.9%. Where did you see 60%?

      • On July 29, 2020 at 7:15 pm,
        David says:

        I heard 39.5%. Still would have to be approved by Congress.

  35. On July 29, 2020 at 2:36 pm,
    Excelsior says:

    Gold Price Rally Fueled By Non-traditional Buyers

    Mining.com Editor | July 29, 2020

    “Gold’s surge to an all-time high is being fueled by an unlikely group of buyers in the form of pension funds, insurance companies and private wealth specialists.”

    “Managers who run long-term portfolios worth trillions of dollars are now taking interest in gold as they search for returns in a yield-starved economic environment.”

    https://www.mining.com/gold-price-rally-fueled-by-non-traditional-buyers/

  36. On July 29, 2020 at 3:39 pm,
    cfs says:
  37. On July 29, 2020 at 3:47 pm,
    cfs says:
  38. On July 29, 2020 at 3:53 pm,
    cfs says:
  39. On July 29, 2020 at 4:04 pm,
    Excelsior says:

    Uranium faces ‘tremendous uncertainty’ amid Cigar Lake restart plan, Cameco says

    S&P Global Market Intelligence – 29 Jul, 2020

    “Cameco Corp., buckling under the pressure of sustained mine suspensions, announced plans to restart production at Cigar Lake in Saskatchewan in September, potentially ending a months long suspension for one of the largest sources of uranium in the world.”

    “While it’s good for Cameco to restart Cigar Lake, the restart does not change the fact that there remains tremendous uncertainty about uranium supply as the pandemic continues to cause unplanned supply disruptions added to the planned supply discipline that has already been undertaken,” Gitzel said.

    https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/uranium-faces-tremendous-uncertainty-amid-cigar-lake-restart-plan-cameco-says-59645284

    • On July 29, 2020 at 4:06 pm,
      Excelsior says:

      Most Uranium stocks sold off hard on this news today, which seems like an over-reaction, as it isn’t like Cameco is going to be able to supply the whole Uranium market, and there has not been hardly any production from company the last few months, including the Kazakh’s.

      • On July 29, 2020 at 4:08 pm,
        RICHARD/DOC says:

        Ex, I agree that this is an over reaction—I’ll add to my positions when I think the stocks have settled down.

        • On July 29, 2020 at 4:20 pm,
          Excelsior says:

          Cameco was producing from Cigar Lake before the pandemic shutdowns, and they still were buying in the spot market and will continue to do so. Eventually the utility companies are going to have to face the reality that there is not going to be enough supply of Uranium until they set up new longer term off-take contracts with Uranium producers in the high $40’s to low $50’s to incentivize any new production.

          Until then it’s a game of chicken with longer term demand growing, and short term supply shrinking. Cigar Lake is only going to produce a fraction of what it was as a fall back to if Cameco can’t find enough U308 in the spot markets so they don’t miss a contractual delivery of material, but that isn’t going to do anything for all the other utility companies that will need to be buying. Nothing in the macro picture has changed and prices must go up or nobody is going to produce at this point.

  40. On July 29, 2020 at 4:41 pm,
    Excelsior says:

    So I know everyone is getting bored with Gold making all time highs every day, but as a friendly reminder #Gold just put in another all time closing high again today at $1953.

    I know… Snore… ZZZZzzzzz 🙂

    >> Can the $Gold #Producers make money with Gold at these levels?

    5 year #chart: http://schrts.co/VNabtfUk

  41. On July 29, 2020 at 4:42 pm,
    Charles says:

    I bought a bit of UUUU this morning on the slide. Still could go lower and if so I will continue to inch in.

    • On July 29, 2020 at 4:54 pm,
      Excelsior says:

      A wise plan Charles. This Cameco news about Cigar Lake is not going to ultimately change much in the larger supply picture and these price moves down are going to offer nice buying opportunities.

  42. On July 29, 2020 at 7:06 pm,
    Matthew says:

    It is amazing that silver topped precisely at an old pitchfork resistance:
    https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=3&mn=9&dy=0&id=p16318385109&a=555885032

    • On July 29, 2020 at 7:15 pm,
      Matthew says:
    • On July 29, 2020 at 7:23 pm,
      Matthew says:

      At least for the last three closes, silver has taken back the uptrend it began the year on. It lost that uptrend on 1/28 and got it back for one day a month later before the plunge began the next day…
      https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=2&dy=10&id=p38398019474&a=768471626

    • On July 29, 2020 at 8:59 pm,
      Excelsior says:

      As previously mentioned, one of the big congestion zones forming overhead resistance in Silver is the $26 – $26.50 area. In 2011 there were 3 significant trough bottoms at $26.30 and another double bottom at $26.15, then in 2012 there was a significant trough bottom at $26.10, and then in 2013 that same region in the $26.30-$26.10 area was where the bottom fell out taking silver all the way down into the $18s.

      Here is a chart showing that wall of congestion in that $26.10-$26.30 zone, and so Silver going up and tapping $26.27 was right in there and not a surprise, and I had mentioned it far in advance of it happening.

      http://cdn.ceo.ca/1fi4hcv-Silver%20Chart%2026.30%20Dollar%20Resistance.JPG

      • On July 29, 2020 at 9:36 pm,
        Matthew says:

        No offense, Ex, but there isn’t a chartist around who isn’t aware of that big and old resistance zone that is a general resistance zone.
        The “amazing” part I’m referring to in my comment above at 7:06 is that precise hit of a fork resistance that is rising fairly steeply. The precise price high appears to have been set by the arrival at that resistance. Notice that price spiked about 9% into the bottom fork resistance and was rejected back in February. The huge plunge started immediately thereafter.

        • On July 29, 2020 at 9:46 pm,
          Excelsior says:

          Well, I never said it was “amazing” – just common sense that such a congestion zone would be overhead resistance. Sometimes the most obvious and simple charting is the way to go.

          For being so obvious to any chartist around, I sure didn’t see many articles, charts, or mentions of it out in the financial universe.

          For the record, I do remember your $26.50 area of resistance being mentioned, but you were one of the very few discussing that level. Yes the fork set solid resistance on the top recently, and swatting Silver back down on the bottom prong back in February, and was a good call.

          • On July 29, 2020 at 9:53 pm,
            Matthew says:

            No, you didn’t say it was amazing and yes, it was common sense. You completely miss the point of my comment. I was not saying that my call was amazing. It’s nature that’s amazing.
            I guarantee that Larry got it immediately whether he was as amazed or not (assuming he saw it).

          • On July 29, 2020 at 10:01 pm,
            Excelsior says:

            I agree that nature is amazing and mathematics is the language of nature, and this is also why the Fibonacci sequence is so important in charting, as it is found throughout the universe. I get all that.

        • On July 30, 2020 at 6:59 am,
          larry says:

          Well as usual it is nice when my ziggies conclude the same thing as Matthews Zaggys…..It gives me some hope…lol

          • On July 30, 2020 at 7:35 am,
            Matthew says:

            🍻😂

  43. On July 29, 2020 at 7:48 pm,
    cfs says:

    After watching the House hearings, I cannot imagine a more useless waste of space than (supposed) Republican Sensenbrenner of Wisconsin. Absolutely hopeless.

  44. On July 29, 2020 at 8:28 pm,
    cfs says:
  45. On July 29, 2020 at 9:55 pm,
    Matthew says:

    When silver was just 19.76 and people were nervously raising cash:
    On July 18, 2020 at 9:10 am, (Saturday)
    Matthew says:
    Silver just broke out of its big, falling 4-year channel and looks great. This is a brand new bull market for silver and now that it is finally joining/confirming gold, the whole sector will benefit.
    https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=5&mn=1&dy=0&id=p20740028069&a=785663235
    — — —

    Ok, I nailed that one.

    • On July 29, 2020 at 10:48 pm,
      Excelsior says:

      • On July 17, 2020 at 9:47 am,
      Excelsior says:

      “Agreed Ozibatla. There is significant resistance at about $26- $26.50 for Silver, so I’d be surprised to see Silver at $30 by year’s end, but if it really piled on caused a massive short squeeze then it is possible, just not as probable.”

      “Again, targets like that are getting way ahead of themselves, as Silver is still having the daily knife fight with last year’s high of $19.75. It would be technically very bullish to close today on the weekly candle above last year’s high, and earlier it got up to $19.78, and then currently is 2 ticks below it at $19.73.”

      “Let’s see Sllver close above $19.75 today, which sets up the next upside line in the sand – the 2016 surge high of $21.23. Once that level is cleared definitively on a closing basis, then the real fireworks can start, and a move to mid $20’s will be possible.”

      • On July 17, 2020 at 1:19 pm,
      Excelsior says:

      “Silver closed exactly at $19.75 today. It would have been nice to see the weekly close at $19.76 or higher, but hell it is still a very bullish move and weekly close.”

      • On July 17, 2020 at 2:30 pm,
      Excelsior says:

      “Update: Correction, Stockcharts is showing Silver closing at $19.76. It was above it’s 2019 high of $19.75 several times this week, and that’s the highest weekly close in 4 years. Very constructive for Silver.”

      • On July 29, 2020 at 11:41 pm,
        Matthew says:

        Silver’s big breakout happened in the 19.40s. Leaving that big channel was the big deal.

        • On July 30, 2020 at 6:40 am,
          Excelsior says:

          Taking out the prior 2019 peak was a big deal and was the confirmation of a new impulse leg to higher highs, just like taking out the 2016 all time high was the most important line in the sand to cross, and why Silver surged afterwards. Pricing making a higher high in a bullish leg is as big of deal as there is technically.

          • On July 30, 2020 at 7:17 am,
            Matthew says:

            If the situation were such that those two highs were exceeded before breaking out of the big channel, I’d agree. But that hypothetical situation was not the case and price broke out of the big channel first which made the leap past those highs a done deal. I said it to you at the time that 19.75 didn’t matter. Silver was out and ready to go from the 19.40s which is why I said, without contingencies or exceptions, “this a brand new bull market for silver and now that it is finally joining/confirming gold, the whole sector will benefit.”

            In addition, there were other reasons not to care about 19.75:
            On July 17, 2020 at 1:47 pm,
            Matthew says:
            Stockcharts does show 19.76 as the close but I see no reason to care one way or the other since last week’s multi-year high close was just 19.05 and last year’s absolute high was exceeded during 4 of the last 5 sessions. In addition, 4 of the last 5 daily closes were higher than last year’s highest daily close while last year’s highest weekly close was a whopping buck-and-a-half lower than this week’s close.

            You’d have to go back to September, 2016 to find a higher weekly close than we just got today.

          • On July 30, 2020 at 7:40 am,
            Excelsior says:

            I agreed with you at the time that closing above the weekly at $19.05 and several times above the $19.75 2019 high was significant, and clearly for several days that area was the key resistance to contend with.

            There was nothing hypothetical about the importance of the weekly close on July 17th taking out that level ($19.75) definitively on a closing basis of $19.76. Silver opened up the next week surging higher as a result, and when it took out the 2016 high of $21.23 then the real fireworks started, precisely as I had mentioned.
            _____________________

            • On July 17, 2020 at 9:47 am,
            Excelsior says:

            “Let’s see Sllver close above $19.75 today, which sets up the next upside line in the sand – the 2016 surge high of $21.23. Once that level is cleared definitively on a closing basis, then the real fireworks can start, and a move to mid $20’s will be possible.”

            That was nailing it.

          • On July 30, 2020 at 9:25 am,
            Matthew says:

            I disagree.

          • On July 30, 2020 at 9:27 am,
            Matthew says:

            Like I said, all the stuff you concerned yourself with was a done deal after the breakout in the 19.40s. My words reflected that. Yours did not.

          • On July 30, 2020 at 9:40 am,
            Excelsior says:

            You’re entitled to your opinion, but I mentioned in advanced how important the $19.75 peak was to take out to confirm the impulse leg higher, and was resistance all that week with Silver trading either side of it in a knife fight between bulls and bears, both in US trading and in overseas trading.

            On that Friday my words discussed the need to take out $19.75 on the weekly very clearly, and it was absolutely not a given it was going to run way past it just because $19.40 was taken out, and that is just your opinion. If that was the case Silver would have packed on $3 immediately after that target was hit, but that isn’t what happened. It was clear as day that as soon as Silver closed above $19.75 on the weekly at $19.76, that this is what kicked off the explosion in Silver to the upside, for anyone with a pair of eyes.

          • On July 30, 2020 at 10:07 am,
            Matthew says:

            Anyone with a pair of eyes? And I’m the one with an ego? You’re a neophyte with the charts, Ex, and it shows. Painfully. I know you prefer friendliness to facts but I do not. Quit the BSing, would you?
            You had no good reason to waste my time with a comment under my 9:55pm post. It had nothing to do with you but you had the need (ego) to say, me too!

          • On July 30, 2020 at 10:15 am,
            Excelsior says:

            For God’s sake you love to argue Matthew.

            You were the one with the ego gloating about “nailing it,” and were simultaneously taking cheap shots at those that may have trimmed at $19.76 (which was the precise level we had discussed that Friday the 17th, and I had discussed with others). I was clearing up any confusion about where I stood when silver hit $19.76 on the weekly close, and that was incredibly bullish – not trimming. I was trimming gold stocks not the silver stocks, and mentioned that over and over.

            Also, I my comments were spot on even you felt the need to troll me after posting something that took nothing away from your pat on the back, and it is you that continually harasses me and try to tear down posts I put up, and it is so tiring.

            Why does any of this shit even matter at this point? Silver is clearly much higher, and screamed higher after taking out the 2019 price peak and the 2016 price peak and is much higher now, and so we were both right. Time to move on….

            I’m done discussing this but I’m sure you’ll have to make some snide remark and take another shot at me to feed your massive ego. Good luck with that.

          • On July 30, 2020 at 10:29 am,
            Matthew says:

            “Anyone with eyes” knows you’re patting yourself on the back for reporting on things that everyone already knows.
            26.00-26.50 resistance: herd knowledge
            Taking out old highs is good: herd knowledge
            Can’t post a chart without lifting it form some random site: need I say more?
            Why does any of this shit matter? Spoken like a non-technical social butterfly. Sober up.

            You want glory without putting the work.

          • On July 30, 2020 at 10:33 am,
            Matthew says:

            One more thing. I have never run into someone like you (and a few others here) when posting charts behind a paywall. Ever.

          • On July 30, 2020 at 10:35 am,
            Excelsior says:
          • On July 30, 2020 at 3:52 pm,
            paul says:

            Is matthew being a prick again?

          • On July 30, 2020 at 5:05 pm,
            Matthew says:

            It would seem so to those with two brain cells, small paul.

          • On August 5, 2020 at 4:41 pm,
            paul says:

            Actually it would seem so to everybody.

  46. On July 29, 2020 at 10:24 pm,
    Matthew says:

    SLV:GLD matched its 2019 high today and printed a long-legged Doji candle which often appears at turns. If it does drop significantly from here, I would focus on the opportunity to buy more silver and silver miners or do nothing. Silver’s outperformance of gold has just begun and will last a long time.
    If anything might make that Doji candle less reliable here, I’d say it’s the fact that it occurred on a Fed day.
    https://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=1&mn=1&dy=0&id=p32713847128&a=722423179

  47. On July 29, 2020 at 11:19 pm,
    russell hamilton says:

    TRUMP FADES like a limp weenie . Trump now likes a crazy woman who talks to witches and space people . looks like jamie harrison in S C might win senate seat by 1% gold and silver are headed up in next 6 months VAL DEMINGS on t v today youtube SHE WAS WELL SPOKEN

  48. On July 29, 2020 at 11:26 pm,
    Excelsior says:

    China Banks, Regulators Move To Cool Gold Rush

    July 29, 2020 – Reuters

    “The scramble to limit risks comes as gold prices hit record highs this week, spurred by investors hunting for safe haven assets in markets rattled by worries of rising coronavirus cases, lofty equity valuations and a falling U.S. dollar.”

    “A deepening rift between the United States and China has also become a factor drawing mainland investors to gold.”

    Industrial and Commercial Bank of China (ICBC), the country’s biggest lender, said on Wednesday it would bar its clients from opening new trading positions for platinum, palladium and index products linked to precious metal from Friday. That directive, according to the lender’s customer service department, was in response to “violent price volatility” and “the need to control risks.”

    https://www.reuters.com/article/us-china-gold-rush/china-banks-regulators-move-to-cool-gold-rush-idUSKCN24U1C4

  49. On July 30, 2020 at 3:12 am,
    cfs says:

    I wonder why there was insider trading selling off shares of companies developing vaccines.

    SEEMS TO ME THEY MIGHT KNOW THAT THE CURES (HCQ + VITAMIN D + ZINC) ARE BETTER THAN VACCINES.
    Just Saying.
    So, why the hell does the media want the US general public and the rest of the world not to know.

    Social media censoring EXPERT DOCTORS, not idiots.

    Newspapers like NYT and WaPo lies and misrepresentative of truth.

    • On July 30, 2020 at 6:52 am,
      larry says:

      I cannot find the Robert Scott Bell interview…But Selenium is the motherload supplemental support for cellular defeat of viral replication…I am on it….example article

      https://www.liverdoctor.com/selenium-helps-body-fight-viruses/

      https://www.easy-immune-health.com/selenium-and-influenza.html

    • On July 30, 2020 at 7:02 am,
      larry says:
      • On July 30, 2020 at 7:38 am,
        bonzo says:

        And don’t forget iodine. I take 2 drops a day of Lugol’s iodine, 30 mg of Zn, selenium, magnesium citrate, 600 mg quercetin, NAC, alpha lipoid acid, and 6 grams of vitamin C
        every day and have not had a cold for 10 years. Say no to vaccines!

        • On July 30, 2020 at 8:58 am,
          larry says:

          OH, so correct….I take some JR CROW, 2 drops…… or Iodoral 12.5mg…..The remaining are life savers……bonzo because some are minerals and not fat solubles I take every three or four days on the since supp…

          Also i take amygdalyin due to work of world with no cancer by mr. griffith

          • On July 30, 2020 at 9:23 am,
            Matthew says:

            Brazil nuts for selenium and apricot seeds for amygdalin/”B17″

  50. On July 30, 2020 at 3:35 am,
    cfs says:

    What do you call a Republican who walks into a room full of Democrats? …

    …The Adult in the room.

    • On July 30, 2020 at 8:49 am,
      David says:

      I thought you were going to say the guy with Covid 19. 🙂

  51. On July 30, 2020 at 4:07 am,
    Dick Tracy says:

    Canada Nickel Co. SYL CNC-V, claims to have the deposit that Musk wants and needs. They are presenting at The Canadian Metals and Mining Live Virtual Investor Conference July 30th and 31st. Check out the line up other companies that are being represented, many are ones that have been repeatedly discussed here. DT

    https://web.tmxmoney.com/article.php?newsid=8158039664874279&qm_symbol=CNC

  52. On July 30, 2020 at 7:13 am,
    Excelsior says:

    (IPT) (ISVLF) Impact Silver Announces C$6.0 Million Brokered Private Placement Financing

    by @newsfile on 30 Jul 2020

    https://ceo.ca/@newsfile/impact-silver-announces-c60-million-brokered-private

    • On July 30, 2020 at 7:15 am,
      Excelsior says:

      I’m glad to have avoided the urge to add yesterday as this seems like a better place to start adding now that the $.95 amount per share was announced in this financing.

      It is also interesting to note there is a half warrant attached with a $1.30 exercise price.

      • On July 30, 2020 at 7:22 am,
        Rene says:

        Time to average down

        • On July 30, 2020 at 7:44 am,
          Excelsior says:

          +1

      • On July 30, 2020 at 7:33 am,
        Matthew says:

        That half warrant (instead of full) way out of the money (instead of at or near the money) is what shareholders want to see and is probably the reason Sprott has not taken any shares over the last year. Fred Davidson usually obtains good terms and is generally careful and prudent when it comes to dilution.

        • On July 30, 2020 at 7:42 am,
          Excelsior says:

          Agreed, I’d much rather see a half warrant than a full warrant, and only mentioned the exercise price of $1.30 so folks could note it as a area up above that may represent some selling pressure.

          • On July 30, 2020 at 8:03 am,
            Glenfidish says:

            Great talk Matt and ex!

            I’m glad we got that out of the way…today seemed to be a bottom to me or possibly by tomorrow. The 1.30 resistance will give way on this cycle before it tops! Please put that in writing…

            Glen

          • On July 30, 2020 at 8:05 am,
            Excelsior says:

            Agreed. This financing was a good deal overall, and it is a good spot to be adding to the position I trimmed back at higher levels last week.

          • On July 30, 2020 at 8:21 am,
            Matthew says:

            IPT has now corrected 27.2% (1.25 to .91). Combine that with the private placement at .95 and this could easily be a new floor.

            SILJ:GDX still says “risk on” and tried to break out this morning before the metals weakened further.
            https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=1&mn=1&dy=0&id=p01103596123&a=785105885

  53. On July 30, 2020 at 7:18 am,
    Excelsior says:

    (VZLA) (VIZSF) Vizsla Closes Fully Subscribed C$30 Million Private Placement Including Investment from Eric Sprott

    by @newswire on 30 Jul 2020

    https://ceo.ca/@newswire/vizsla-closes-fully-subscribed-c30-million-private

  54. On July 30, 2020 at 7:27 am,
    Excelsior says:

    Well this news sent Newrange Gold down 40% on the day. Add it to the list of stocks getting monkey hammered on drill news this week.
    ________________________________

    (NRG) (NRGOF) Newrange Gold Provides First Results from Drill Program at Pamlico

    by @thenewswire on 30 Jul 2020

    https://ceo.ca/@thenewswire/newrange-gold-provides-first-results-from-drill-program

    • On July 30, 2020 at 7:29 am,
      Excelsior says:

      I’ve been considering getting in and may use this fishing line sell-off carnage to take out an initial tranche in Newrange.

      • On July 30, 2020 at 7:40 am,
        Rene says:

        Looks like you just stabilized the price, thanks by the way for the in depth thoughts the other day on Azimut and Nighthawk, much appreciated

        • On July 30, 2020 at 7:44 am,
          Excelsior says:

          Thanks Rene. Yes, it was too good to pass up in Newrange today, and glad to be a shareholder.

          As for Azimut and Nighthawk, they are still under pressure today and I’m considering adding more, especially to Nighthawk since they’ve also announced their financing now and that should put a layer of support there around that $1.70 offering price.

          • On July 30, 2020 at 7:51 am,
            Excelsior says:

            @discoveries – Willem Middelkoop (who runs the Commodity Discovery Fund) just doubled his position in NHK Nighthawk Gold, and whale commodities investors Robert Cudney just participated in the financing. That should tell folks all they need to know.

            https://twitter.com/wmiddelkoop/status/1288336808363937792?s=20

          • On July 30, 2020 at 9:53 am,
            Wolfster says:

            Would nighthawk be the company that Middelkoop was referring to in his cryptic tweet instead of triumph???

          • On July 30, 2020 at 10:03 am,
            Excelsior says:

            Yes, on further reflection, it appears that way.

  55. On July 30, 2020 at 7:54 am,
    Rene says:

    Good old Willem, keep in touch with the Dutch….

    • On July 30, 2020 at 7:57 am,
      Excelsior says:

      Good one Rene! 🙂

      • On July 30, 2020 at 8:05 am,
        Rene says:

        I still remember him when he was a business news reader in Holland

        • On July 30, 2020 at 8:06 am,
          Excelsior says:

          Wow. I knew he was an author of a number of books, but didn’t know he read the news in Holland. Are you based in Europe then?

          • On July 30, 2020 at 8:15 am,
            Rene says:

            Before, now i stay in Southasia, better climate(haha, except in the monsoon)

          • On July 30, 2020 at 8:22 am,
            Excelsior says:

            Nice. Well great to have you here posting Rene, and stay dry. (ha!)

  56. On July 30, 2020 at 8:05 am,
    Charles says:

    Auryn (AUG) is acquiring Eastmain Resources after spinning out Peruvian assets to existing shareholders. Its an all stock deal and reportedly provides over a 100% premium to Eastmain Resources. Does anyone know anything about the assets that Eastmain Resources hold? I assume they are canadian to complement Auryn’s other canadian assets.

    • On July 30, 2020 at 8:15 am,
      Excelsior says:

      Hi Charles, Yes I saw that news about Auryn taking over Eastmain, and that should be great longer term for Auryn shareholders. Eastmain has a quality project in Quebec, and was one of Gwen Preston’s (and maybe Greg McCoach’s picks – can’t remember) at the MIF Metals investors forum about 2-3 years back when the new team took it over. Those guys had big egos from the stage, but didn’t actually deliver as much or as fast as they had projected and the stock cratered in shareprice over the last few years as a result, and some folks in management got switched around.

      They have 2-3 projects that are very prospective though, and there has been good exploration work done on them all, but clearly this portfolio of projects needed to be in the hands of a different company that can execute on it’s strategy. Auryn is a very well run team and should rise to the occasion, and then they are spinning out their Peruvian assets into a new Copper and new Silver company, and spinning out some of the other Eastmain gold projects into Fury Gold.

      It is a short of business combination and triple spin out company plan. Wild!

      • On July 30, 2020 at 8:32 am,
        Excelsior says:

        Charles – I just went to go check and they already have a nice slidedeck Corporate presentation made highlighting the merger and spin-out companies.

        It looks very interesting!

        http://www.eastmain.com/_resources/presentations/AurynDealDeck.pdf

        • On July 30, 2020 at 8:34 am,
          Excelsior says:

          I’m going to buy an initial position in Auryn today while it is selling off, as I’m liking the look of this business combo.

          • On July 30, 2020 at 8:37 am,
            Excelsior says:

            There is a good live webcast going on with Auryn & Eastmain:

            https://produceredition.webcasts.com/viewer/event.jsp?ei=1350454&tp_key=e71e25be7a $AUG

          • On July 30, 2020 at 8:41 am,
            Excelsior says:

            A good question was raised, and it makes sense, but folks must have positions in Auryn before the date of record to get those 2 spin out companies in Peru. The Clock is ticking…

          • On July 30, 2020 at 8:44 am,
            Excelsior says:

            Correction to up above, Fury is going to be the new mothership, and Auryn and Eastmain shareholders will eventually just see that name change. There is also a share rollback factored in. It’s a complex deal, with many moving parts, but so was Equinox when they combined Anfield Gold, Castle Gold, and Trek Mining. Overall I really like this deal.

        • On July 30, 2020 at 10:47 am,
          Charles says:

          Thanks for the info Ex. I caught the tail end of the conference call, but I was doing 10 things at once so I really couldn’t focus on it. I have been waiting form them to do something like this, but I wasn’t expecting them to buy more assets. I do like the sounds of those Quebec assets.

          • On July 30, 2020 at 11:00 am,
            Excelsior says:

            Thanks Charles. I was impressed with the information they reviewed during the call, and the questions they fielded. They said it was being recorded and will be posted to the website when they can make it available. Ever Upward!

          • On July 30, 2020 at 11:02 am,
            Excelsior says:

            Since they are KER show sponsors, hopefully Cory can get someone from Auryn on here for a further update soon. 😉

  57. On July 30, 2020 at 8:36 am,
    Rene says:

    And they trade in the US also

    • On July 30, 2020 at 8:38 am,
      Excelsior says:

      Yes. I really like being in dual listed companies and the US based tickers provide much more volume and a much larger audience of investors.

      • On July 30, 2020 at 8:42 am,
        Rene says:

        agreed

      • On July 30, 2020 at 8:49 am,
        Rene says:

        Ivan Bebek always does a good job on promotion

        • On July 30, 2020 at 8:54 am,
          Excelsior says:

          Agreed. I’ve followed them for a long time as show sponsors here, and because a lot of investors I follow have a position, but this is the deal that finally pulled me in.

          Ivan just wrapped up that investor call presentation and did a fantastic job outlining everything. I’m excited about the drill program that Auryn is going to be doing while all this business combination is happening. Also those 2 Peruvian spin out companies will likely get more value this way than they were inside of Auryn so that is a nice kicker in this deal as well.

  58. On July 30, 2020 at 8:38 am,
    cfs says:

    I don’t know about others on this site, but I listen to Bix Weir.
    He has a problem in that although he is entertaining, he rarely sources his statements (and is sometimes quite wrong)
    He recently has said the price of silver could go negative (A lie, because there is no storage problem, inlike oil) and that by law the US must mint siver eagles in quantities to meet demand. Another lie, because the Secratary of the Treasury has the power to decide production levels.
    Here is the actual statutary law:
    https://www.law.cornell.edu/uscode/text/31/5111

  59. On July 30, 2020 at 8:45 am,
    Matthew says:

    Kinross beat earnings estimates by 2 cents as net earnings doubled since Q2 2019 and margins increased 53% year-over-year…
    http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200729:nGNX4xN13G

  60. On July 30, 2020 at 8:46 am,
    Matthew says:
  61. On July 30, 2020 at 9:32 am,
    Matthew says:

    Hans-Hermann Hoppe NAILS it (15 years ago):

    The Intellectual Incoherence of Conservatism
    https://mises.org/library/intellectual-incoherence-conservatism

  62. On July 30, 2020 at 9:46 am,
    Matthew says:

    SLV:GLD was stopped by two “618” Fibonacci resistance levels:
    https://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=W&yr=5&mn=0&dy=0&id=p94729479420&a=781237570

  63. On July 30, 2020 at 9:57 am,
    Matthew says:

    Just the beginning…
    Hopefully some of you can see the whole chart (11 years):
    https://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=W&yr=11&mn=0&dy=0&id=p06104410440&a=738267221

  64. On July 30, 2020 at 11:18 am,
    Charles says:

    Brixton is so close to breaking out it is pulpible. It just seems like a total coiled spring at this point.

  65. On July 30, 2020 at 12:41 pm,
    Charles says:

    Looks like a lot of blue sky once firmly above 0.22 on BBBXF. Nice to see it is above all its fib retraces and speed lines!

  66. On July 30, 2020 at 12:46 pm,
    Bill says:

    Hope we aren’t at a major top yet. Matt knows better than I. Follow the leader lol.
    Sh*t bought to much KTN at .45c

    https://stockcharts.com/h-sc/ui?s=KTN.V&p=D&yr=1&mn=0&dy=0&id=p70798026375&listNum=1&a=790628138

    https://thefelderreport.com/2020/07/29/enjoy-the-gold-fireworks-show-while-it-lasts/

  67. On July 30, 2020 at 12:57 pm,
    Bill says:

    Test…1 2 3 I couldnt get through?

    • On July 30, 2020 at 3:17 pm,
      Matthew says:

      The issue was your two links. More than one sends the comment to “moderation.”

    • On July 30, 2020 at 3:20 pm,
      Matthew says:

      Left-Liberals Are the Source of Everything Good?
      Tom Woods tells it like it is…
      https://youtu.be/mxh-D_V6Nvk?t=38

  68. On July 31, 2020 at 1:14 pm,
    Bill says:

    THANKS Mathew