Brien Lundin Commentary – Thu 30 Jul, 2020

Precious Metals Insights – What’s driving the market and where the money is coming from

Brien Lundin joins me today to share his thoughts on what factors are driving gold and silver higher. With funds starting to rotate money into gold (mostly) this could be another driver for the ETFs and large cap stocks.

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Comments:
  1. On July 30, 2020 at 12:56 pm,
    Tom says:

    long SRNE

  2. On July 30, 2020 at 2:50 pm,
    Excelsior says:

    Cory & Brien – good discussion today on the Precious Metals and mining stocks today.

    Much appreciated.

  3. On July 30, 2020 at 2:53 pm,
    Excelsior says:

    Robinhood.Com – A Potential Game Changer For Gold And Silver Investment

    Jul. 29, 2020 – Lawrence Williams (LawrieOnGold)

    “The rise of no-commission, simple-to-use, brokerage platforms could have an enormous impact on the much more thinly traded precious metals equities.”

    “Robinhooders and their ilk may be the principal reason U.S. equities have been performing so well in the face of some of the worst quarterly figures ever.”

    “There is evidence that Robinhood investors, and others using the no-commission platforms, are beginning to find their way into precious metals stocks and ETFs.”

    “Given the relatively small size of the precious metals equities markets, this could have a huge impact on prices moving forwards.”

    https://seekingalpha.com/article/4362072-robinhood-com-potential-game-changer-for-gold-and-silver-investment?utm_medium=email&utm_source=seeking_alpha&mail_subject=robinhood-com-a-potential-game-changer-for-gold-and-silver-investment&utm_campaign=nl-macro-view&utm_content=link-0

  4. On July 30, 2020 at 4:04 pm,
    Excelsior says:

    (CDE) Coeur Mining Reports Second Quarter 2020 Results
    July 30, 2020

    > Successful restart of Palmarejo post-suspension
    > Prepared to begin construction on upcoming expansion at Rochester
    > Strong operating and financial results at Kensington and Wharf
    > Aggressive investment in exploration
    > Continued execution of hedging program to underpin expected cash flow
    > Higher cash position and successful debt reduction initiatives

    https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1086-nyse/cde/81311-coeur-reports-second-quarter-2020-results.html?utm_source=newsletter_887&utm_medium=email&utm_campaign=junior-mining-brief-for-date-b-j-y

    • On July 30, 2020 at 4:19 pm,
      Excelsior says:

      (GAU) Galiano Gold Reports Q2 2020 Results
      July 30, 2020

      Record quarterly gold production of 69,026 ounces at an all-in sustaining cost
      (“AISC”) of $1,067/oz
      • Gold sales of 61,357 ounces at an average realized price of $1,651/oz, generating gold sales proceeds of $101.3 million
      • Strong cash flow generation with operating cash flow of $48.8 million, and free cash flow of $22.6 million
      • As at June 30, 2020, the JV had cash of $47.8 million (with the RMB revolving credit facility of $30.0 million fully drawn) and an estimated amount of approximately $10.0 million in gold on hand
      • Completed exploration drilling programs at Akwasiso and Abore with results
      indicating an extension of mineralization of both pits

      https://s24.q4cdn.com/325379252/files/doc_financials/2020/q2/20200730_NR_Financial-Q2-Results_FINAL.pdf

    • On July 30, 2020 at 5:29 pm,
      Sound Money Advocate says:

      coolness . . .

      • On July 31, 2020 at 8:22 am,
        Excelsior says:

        Yes, there are some cool developments popping up all over the place in the mining stocks.

  5. On July 30, 2020 at 5:32 pm,
    Matthew says:

    Brien Lundin is right about copper and it looks like it want to go higher very soon:
    https://stockcharts.com/h-sc/ui?s=%24COPPER&p=W&yr=4&mn=11&dy=0&id=p31261711372&a=605040134

    • On July 30, 2020 at 5:40 pm,
      Sound Money Advocate says:

      tough call on Cu seems to me – given econ conditions as we are told it could languish for, say, year or so, but . . . better to be a little early than late with commodities – FCX – a bell-weather of a sort right? – I was checking it at $7/shr a few months ago but did not bite – now up near $14 (story of my life) – but maybe that is due to their gold (fi they still have that)

      • On July 30, 2020 at 6:38 pm,
        Matthew says:

        Big picture, missing that first FCX double really doesn’t mean a thing. It will rise for many years to come.
        I wouldn’t worry about econ conditions either since copper (and commodities in general) do well alongside gold and silver due to Fed policies. Copper went about 7x between 2001 and 2011 and then fell almost 60% between 2011 and 2016. It is now joining gold and silver in a bull market of its own. It was the same in the 1970s, ’80s, and ’90s as well, copper tracked gold and silver up and then went chopped around in a range for 20 years.

        • On July 30, 2020 at 6:43 pm,
          Sound Money Advocate says:

          comforting, M . . . thanks for that

    • On July 31, 2020 at 6:36 am,
      pyrite says:

      Matthew,
      Would copx etf be the way to bet on higher copper price?

  6. On July 31, 2020 at 8:17 am,
    Matthew says:

    I reestablished a position in USAS this week. It had been a long time since I owned it.
    https://stockcharts.com/h-sc/ui?s=USAS&p=W&yr=5&mn=0&dy=0&id=p00088936498&a=789370309

    • On July 31, 2020 at 8:27 am,
      bonzo says:

      Welcome back aboard USAS, Matthew.

      • On July 31, 2020 at 8:34 am,
        Matthew says:

        Thanks Bonzo.

  7. On July 31, 2020 at 9:32 am,
    Rene says:

    Garrett Goggin of the Gold stock analyst (John Doody newsletter) deep analysis into silver prices ahead
    https://www.youtube.com/watch?v=Z60Azfmx_S0