Weekend Show – Sat 1 Aug, 2020

Hour 1 – This hour is for everyone already investing or thinking of investing in metals stocks

Full First Hour

This weekend’s show is focused again on precious metals investing. Gold and silver were a standout sector again this week with stocks continuing to move higher.

I’ve received a lot more email asking about companies along with an increase in traffic. Please keep the emails coming. I’m doing my best to keep you all up to date and I’m always happy to answer your questions 

  • Segment 1 – Mike Larson kicks off this hour with his outlook for gold and the underlying factors driving this recent pop in price. 
  • Segment 2 – Jeff Christian joins me to share how he sees the major miners navigating this bull market for gold. Unfortunately he doesn’t see a change in strategy from the last bull market. But at least we should be seeing some M&A picking up. 
  • Segment 3 – Doc joins me for a discussion on the longevity of this precious metals bull market. We also comment on the news of Auryn Resources buying Eastmain Resources.  
  • Segment 4 – We get an update from Metalla Royalty and Streaming on the acquisition on the Fosterville royalty and what deals could be coming next.

Exclusive Company Updates This Week


Segment 1 – Mike Larson
Segment 2 – Jeff Christian
Segment 3 – Doc
Segment 4 – Metalla Royalty and Streaming – Brett Heath


Comments:
  1. On August 1, 2020 at 3:31 am,
    Nigel says:

    Thanks for the shows this week…great job and comments as well.
    Everything seems to be happening at hyper-speed, I can see US$2,000 taken out next week, possibly US$2,100 JMHO

    • On August 1, 2020 at 3:55 am,
      Excelsior says:

      Agreed. Thanks to the KER crew for another great week of editorials and the weekend show.

      It’s been another stellar week in the PMs with Gold putting in it’s all time highest weekly and monthly close at $1985.90. Good stuff!

      http://schrts.co/QViFrGAy

      • On August 1, 2020 at 4:09 am,
        irishtony says:

        Hi…EX…..Ditto on the KER Crew……Yes it’s been a long time comming , but as you know my focus is on Silver , perhaps it’s just having a lie in . lol

        • On August 1, 2020 at 4:33 am,
          Excelsior says:

          Hey IrishT – Yes it has been a long time coming for Gold to make a new all time high.

          As for Silver, it’s my favorite as well (as one that was really in to numismatic coins for decades, and a brief period of Silver stacking). For the last Decade I’ve been more focused on the Silver miners. While the moves the last few weeks in the Silver price have been stellar, and the move in the Silver miners have been peppy, I still believe Ag has a lot of catching up to do with moves Au has put in.

          Ever Upward!

          • On August 1, 2020 at 11:54 am,
            Excelsior says:

            Gold Price Set For Best Month In Eight Years

            Mining.com Editor | July 31, 2020

            “Spot gold rose 11% for the month of July, heading for its biggest monthly gain in over eight years, driven by a declining US dollar and real yields.”

            https://www.mining.com/gold-price-set-for-best-month-in-eight-years/

          • On August 2, 2020 at 6:39 am,
            Excelsior says:

            Andy Schectman: Silver Supply Is Getting Tight Again

            Arcadia Economics – (08/01/2020) #AudioInterview

            “Even despite the recent run-up in price, investors continue to buy silver.”

            “They’re buying silver in the #ETFs like #SLV, and precious metals dealer Andy Schectman of #MilesFranklin reports that his customers are doing the same with physical.”

            https://www.youtube.com/watch?v=jDu2nh8dfPc

          • On August 2, 2020 at 6:43 am,
            Excelsior says:

            Andy Schectman: Silver Supply Is Getting Tight Again

            Arcadia Economics (08/01/20200

            “Even despite the recent run-up in price, investors continue to buy silver.”

            “They’re buying silver in the ETFs like #SLV, and precious metals dealer Andy Schectman of Miles Franklin reports that his customers are doing the same with physical.”

            https://youtu.be/jDu2nh8dfPc

          • On August 2, 2020 at 12:47 pm,
            Excelsior says:

            OOTB if you see this, I think you’d enjoy the Andy Schectman interview up above. ^^

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

            Thanks EX…….Andy S……..is always a good listen….jmo

          • On August 2, 2020 at 2:47 pm,
            Excelsior says:

            Agreed. There were some interesting comments about the mints output capacity with Covid, the issues in sourcing supply, and some good comments on investors taking more and more delivery of Comex contracts as it was less expensive than buying the bullion that had much higher premiums. With Silver production being hampered the last few months, it just squeezes the supply that much further.

          • On August 2, 2020 at 2:55 pm,
            OOTB Jerry says:

            I like Andy’s comments………because he is on the street, so to speak,….being a big dealer, he can see the market here, first hand…..jmo

          • On August 2, 2020 at 3:00 pm,
            OOTB Jerry says:

            That $46-49 Silver price, is going to look cheap………jmo

          • On August 2, 2020 at 3:03 pm,
            OOTB Jerry says:

            Not being able to place an order for $6million gold, ….is a sign….
            I know my dealer , was having a hard time getting silver….three months ago.

          • On August 2, 2020 at 8:02 pm,
            Excelsior says:

            Yep, supply is getting tighter…

      • On August 2, 2020 at 7:15 am,
        Excelsior says:

        Cory – Good interviews this weekend with Mike, Jeff, Doc, and Brett.

        I was happy to get the update on (MTA) Metalla and the Kirkland Lake Fosterville royalty, and update on their overall vision moving forward. As the Gold miners have continued to climb, I’ve been peeling off profits and sticking them in royalty companies like Metalla, Maverix, Sailfish, and Golden Valley. I plan on adding more royalty & streaming companies like EMX, Ely, Nomad, Vox, Sandstorm, and Altius for their gradual appreciation over time as their incoming royalties and streams from their pipeline of strategic partners improves, and then as they grow larger their dividends grow (like what we see with the more Senior Royalty & Streaming companies).

        ___________________________________________

        (MTA) Metalla Royalty & Streaming – Corporate Presentation

        https://www.metallaroyalty.com/wp-content/uploads/2020/07/Metalla-July-2020-Fosterville-Presentation-Final.pdf

        • On August 2, 2020 at 8:48 am,
          Excelsior says:
        • On August 3, 2020 at 6:28 am,
          OOTB Jerry says:

          HEY EX…………Question………..Concerning Metalla…………..
          Since the company has 50 projects, and it looks like they have more projects of this type(royalty streaming).. than anyone else, and since they have only being doing this since 2016,…What is your thoughts on , them being OVER EXTENDED, (maybe)
          Thanks..

          • On August 3, 2020 at 6:55 am,
            Excelsior says:

            Hey OOTB – Yes, Metalla (MTA) has about 50 royalties, on other companies projects – some of which are currently producing and paying royalties, some with upfront payments to them in pre-production, and many that are in development stage with their operators (which won’t pay until they go into production).

            I don’t see them as being over-extended by any stretch, as they are not doing any of the work – the mining companies are; and all they are doing is cashing checks. These royalty companies have small stream-lined staffs as they are not doing any mining, but let their partner companies take all those risks. They are simply putting up finance money in exchange for royalties or streaming off-takes of non-core minerals from the operator, or they are acquiring the royalties from other businesses to grow their basket of royalties. The only risks are buying a NSR on a development project that doesn’t make it to production, or a producer that runs into problems limiting their production or if the mine needs to be shut down. Overall Royalty & Streaming companies are some of the lowest risk ways to participate in development and production upside in miners, and they are diversified across so many projects that they won’t be taken down if just 1 or 2 projects have issues.

            Brett mentioned their goal of growing from 50 royalties to 100 royalties, and rightly so as that just grows the pool of Net Smelter Royalties or their streaming off-take agreements. In real estate terms, it’s like having 100 rental units throwing off money each quarter, versus 50 rental units. Sure, you may have a few bad tenants, but overall you are going to get rich.

            Sandstorm Gold (SAND) has a portfolio of 200 royalties & streams, by comparison, and Maverix (MMX) has 100 royalties and streams. Metalla is smaller but will have more torque as a result as they grow their base of royalties larger.

          • On August 3, 2020 at 7:05 am,
            OOTB Jerry says:

            I did not realize…….Sandstorm had so many………thanks….
            Only, problem with the real estate quote…..if, they have a rent strike , like today…. 🙂
            but, your example is a good one… lol 🙂

          • On August 3, 2020 at 7:25 am,
            Excelsior says:

            Yes, good point about the rent strikes of today. I guess if their was a global mining strike, or something worse from the pandemic, then those could be other risks to a royalties and streaming company as well.

            (MTA) Metalla is charging higher today up about 13%, so for now it is full steam ahead.

          • On August 3, 2020 at 11:09 am,
            Excelsior says:

            Sailfish Royalty breaking out on the US OTC listing today up over 15%.

    • On August 1, 2020 at 5:53 am,
      Charles says:

      Agreed Nigel. Thanks to all the contributors.

    • On August 1, 2020 at 8:11 am,
      Glenfidish says:

      Yes thanks al and Cory for the guest this week!

      Also thank you for giving us all a platform to voice our opinions and share with the world. I can’t express enough what it means to come in here every morning and get my cup of coffee.

      Nigel that Jerry finally revealed his hidden pivot number lol..it has the same trajectory as yours $2160 before correction… and higher targets

      • On August 2, 2020 at 2:57 pm,
        OOTB Jerry says:

        Glen, watch out for that hidden pivot……… 🙂 Remember you heard it here first… lol

    • On August 2, 2020 at 5:18 am,
      Rene says:

      Great show Cory many thanks

    • On August 3, 2020 at 6:35 am,
      Glenfidish says:

      Hey guys!

      I decided to post up here so you can all see and not miss.. I spent the last couple
      Of days going through the charts and something interesting showed up and so it goes in line with what Matt said..There Is a very high probability like 80% that Hui index goes to $420-$423..from here.

      I came across the timeline and it would not surprise me if this takes 2-3 months to achieve from here. Which means we could be printing three bullish candles on the monthly before before topping 😳..

      Which in the overall picture would not blow my mind away since it has been done many times before on an extended cycle. The cycle would top in the end of November. March low to November top to April/May cycle low.. This is a total duration of 12/13 month from bottom to peak and low..

      What this all means is I’m watching fairly closely the price action of gold/hui/miners and if we top in the second week of August with gold as I predict, it would possibly Indicate 80% chance we would show a slight bearish canal on the monthly with gold but only to rocket up in September/October/November.

      I got a really good hunch this is what Matt is seeing. Or somewhat similar with his no summer doldrums.

      If this is the case ladies and gentlemen, I’m not selling anything possibly until November give or take on my short term trading stocks.

      Hope this helps..

      • On August 3, 2020 at 6:53 am,
        OOTB Jerry says:

        🙂

      • On August 3, 2020 at 9:16 am,
        Canuckski says:

        Luv it Glen! Keep your valuable insight coming.
        Maybe Matt will weigh in on what he sees too.

  2. On August 1, 2020 at 4:03 am,
    Excelsior says:

    Gold closes at a new all-time record high – now within striking distance of $2000

    July 31, 2020 – Gary Wagner #TechnicalAnalysis #Chart #VIDEO

    “Gold has risen ten out of the last eleven trading days. This week alone gold has traded to a new all-time record high on four of the five trading days. Most impressive was the closing price of gold futures today. The most active December 2020 Comex gold futures contract gained $27.20 and settled at a new all-time record high of $1994.00, this accomplishment occurred as gold’s intraday high was the highest ever recorded at $2005.40 per ounce.”

    As the last trading day of the month comes to a close, traders and market participants witnessed one of the strongest rallies in history with gold gaining approximately 10% this month. Undoubtedly this is one of the best monthly performance’s gold has produced, and now the precious yellow metal is within striking distance of the elusive number; $2000 per ounce.”

    https://youtu.be/uEx5EO1NqIc

    • On August 1, 2020 at 4:51 am,
      Excelsior says:

      Ira Epstein’s Metals #Video (7/31/2020)

      #TechnicalAnalysis #Charts Gold, Silver, Copper, Platinum

      https://youtu.be/D8g0H1JBqGU

      • On August 1, 2020 at 9:39 am,
        Dick Tracy says:

        Ex, after reading your posts yesterday and doing my own Due Diligence on the takeover of Eastmain Resources by Auryn Resources, I must say, “Fury has possessed me”. LOL! DT

        • On August 1, 2020 at 10:53 am,
          Excelsior says:

          Hey DT – Yes, it looks like a very interesting business combination between Auryn and Eastmain in to the new Fury, and simultaneously an interesting opportunity to get the 2 spin-out companies in Peru – Sombrero (with Copper assets), and Curibaya (with Gold & Silver assets).

          There is currently a value arbitrage with Eastmain in relation to Auryn under the pro-rata terms of the deal, so I may pick some of it up this next week, to compliment the new Auryn position.

          Here is their slidedeck about this business combination:

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

          • On August 1, 2020 at 10:55 am,
            Excelsior says:

            This deal reminds me of the synergies in the Equinox roll-up, when they combined Anfield Gold, Castle Gold, and Trek Mining, and spun out Solaris Copper.

          • On August 1, 2020 at 1:36 pm,
            Excelsior says:

            Auryn to acquire Eastmain, create Fury Gold

            Canadian Mining Journal Staff | July 31, 2020

            “Fury Gold will combine the high-grade gold projects: Committee Bay in Nunavut, Homestake Ridge in B.C. and Eau Claire in Quebec, to offer investors a robust, Canadian, gold-focused exploration and development company,” Ivan Bebek, Auryn’s executive chairman and director, said in a release.

            “Fury Gold will have the capability and access to capital to develop and finance Eau Claire,” added Laurie Curtis, Eastmain’s chairman.

            “The combined company would be led by a new president and CEO, Mike Timmins, who served as the VP of corporate development for Agnico Eagle between 2006 and 2017.”

            https://www.mining.com/auryn-to-acquire-eastmain-create-fury-gold/

    • On August 1, 2020 at 11:06 am,
      Excelsior says:

      Sentiment Speaks: Gold Blows Through Upside Resistance – The Chase Is On

      Avi Gilburt – Jul. 28, 2020

      – “Before heading to our next region of 200+ in GLD, I was expecting a pullback to 161-66 in GLD.”

      – “The market has since moved through a resistance level that has made that potential much less likely.”

      – “I am now tracking a more direct pattern towards the 200+ GLD region.”

      https://seekingalpha.com/article/4361211-sentiment-speaks-gold-blows-through-upside-resistance-chase-is-on?li_source=LI&li_medium=liftigniter-widget

  3. On August 1, 2020 at 11:00 am,
    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/

    • On August 1, 2020 at 11:03 am,
      Excelsior says:

      Gold Price Surges To Another Record High On Safe-Haven Demand
      Jim Wyckoff – Friday July 31, 2020

      “Gold prices are solidly higher and hit another record high of $1,981.10, basis nearby August Comex futures, in early U.S. trading Friday. Silver prices are also sharply higher. Safe-haven demand and solidly bullish charts are fueling the bull market run in the two metals. A slumping U.S. dollar on the foreign exchange market is adding fuel to the upside for gold and silver markets. August gold futures were last up $28.90 an ounce at $1,971.20. September Comex silver prices were last up $0.828 at $24.185 an ounce.”

      “Gold and silver traders are apparently more concerned about the state of the world economies and geopolitics than are stock market traders. And there’s an old markets adage that the smartest traders are bond traders. U.S. Treasury bond yields this week have moved to near record lows, on safe-haven demand and a flight to quality. The yield on the benchmark U.S. Treasury 10-year note is currently trading around the 0.53% level.”

      https://www.kitco.com/news/2020-07-31/Gold-price-surges-to-another-record-high-on-safe-haven-demand.html

      • On August 1, 2020 at 11:13 am,
        Excelsior says:

        Gold Crests $2000 An Ounce Driving ETFs Higher
        by Ian Young – July 31, 2020

        “Gold prices rocketed higher today, cresting a historic $2000 an ounce, as stocks tumbled on the last day of the month, and yields are at some of the lowest level in history.”

        “Gold futures are seeing their best monthly performance in over eight years and have generated a frenzy among investors. Yet, although there are robust expectations for retail investors that momentum will drive prices higher, sentiment is starting to shift among analysts, especially as the precious metal approaches technical levels on a longer timeframe.”

        “Prices are overheating and $2,000 could be an attractive level where traders take some profits but global monetary policy and currency debasement will continue to support prices through the rest of the year,” said Eugen Weinberg head of commodity research at Commerzbank.”

        “Meanwhile, other industry pundits like Jim Rickards, best-selling author, and Peter Schiff, CEO of Euro Pacific Capital, both think that the rally also has further to go.”

        https://www.etftrends.com/gold-crests-2000-an-ounce-driving-etfs-higher/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+etftrends+%28ETF+Trends%29

    • On August 1, 2020 at 11:37 am,
      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

      • On August 1, 2020 at 11:48 am,
        Excelsior says:

        Enjoy The Gold Fireworks Show While It Lasts

        Jesse Felder – July 29, 2020

        “It’s very easy to say, ‘be greedy when others are fearful,’ but it’s another thing entirely to actually do it.” That’s what I wrote five years ago about gold and the gold mining stocks. It was widely feared at the time that the gold price was poised to break down below $1,000. As an asset class, gold was widely denounced and the mining stocks were absolutely despised. Since then, however, courageous contrarians have been rewarded by the gold price rising 75% and the Gold Miners Index rising 215%, nearly four times the rise in the S&P 500 Index.”

        Much of that outperformance has come very recently as gold has surged to nearly $2,000 taking it 20% above its 40-week moving average. These are the gold “fireworks” I saw on the horizon a couple of years ago.

        “At this point, however, I’m reminded of another favorite Warren Buffett quote: “What the wise do in the beginning, fools do in the end.” Now, I’m not saying that this is the end of the bull market in precious metals, by any means, but I do believe that the fear towards gold and the miners that made them such a great buy over the past few years has been exorcised by a fabulous rise in price. For this reason, it may not make sense to be as greedy here anymore as we enter into the “foolish” stage of the bull market. In other words, a more tactical and discerning approach may now be warranted as the risk/reward equation shifts. After all, fireworks shows don’t last forever.”

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

        • On August 2, 2020 at 7:47 am,
          Excelsior says:

          ‘Gold is going higher’ despite recent surge, says investor who’s managed a precious-metals fund for a quarter-century

          Aug. 1, 2020 – Michael Brush – MarketWatch

          “For guidance I turned to Caesar Bryan, a veteran who has managed the Gabelli Gold Fund GLDAX, +2.67% for 26 years. He’s simply crushed his benchmark, the MSCI World/Metals & Mining Index, by 50.5 percentage points over the past year, 13 percentage points annualized over five years and 4 percentage points annualized over 15 years, according to Morningstar. The fund also handily beats the S&P 500 SPX, +0.76%, Dow Jones Industrial Average DJIA, +0.43% and Nasdaq COMP, +1.48% over the past year.”

          “Bryan does expect some consolidation near term following gold’s 28% rise this year. But he remains bullish over the medium term — one to three years — for these reasons.”

          > Reason No. 1: “Central banks and governments around the world have gone on a Covid-19 spending-and-borrowing spree to support growth. That creates a lot of risks that may cause serious problems in the economy and even society at large. But those problems will be bullish for gold, a haven in times of crisis.”

          > Reason No. 2: “There’s potentially huge inflation on the way, which often stimulates demand for gold.”

          > Reason No. 3: “This would hurt pensioners and small savers the most, adding to the social tensions already sparked in part by large and growing wealth disparities. That’s because it has been created in part by the Federal Reserve, which has pumped up stocks by injecting so much liquidity into the system.”

          https://www.marketwatch.com/story/gold-is-going-higher-says-investor-whos-managed-a-precious-metals-fund-for-a-quarter-century-2020-07-31?

  4. On August 1, 2020 at 11:01 am,
    Burton G Goldstein says:

    please advise what you think could be a target entrance price or range for SILJ

  5. On August 1, 2020 at 11:02 am,
    SilverDollar says:

    Michael Oliver on KWN. Folks better pay attention…….Don’t trade out and plan to buy lower……….Focus on holding to win. /kingworldnews.com/michael-oliver-broadcast-available-now-8-1-2020/

    • On August 1, 2020 at 12:03 pm,
      Matthew says:

      +1
      Even very good traders will be tricked by this market. Know thyself and have a plan.

    • On August 2, 2020 at 11:35 am,
      Bill says:

      +1
      Thank SD Im in that camp. I stated that way back. Im not trading out unlesss we really see a blowout top. Or Mathew tells me LOL

    • On August 2, 2020 at 11:55 am,
      OOTB Jerry says:

      Yep,………glad I posted that Friday….. 🙂

      • On August 2, 2020 at 11:58 am,
        OOTB Jerry says:

        My opinion, came way ahead of Oliver’s … LOL…. wonder if, he was reading the KER,

        • On August 2, 2020 at 12:32 pm,
          Bill says:

          For sure OOTB!

          • On August 2, 2020 at 1:03 pm,
            OOTB Jerry says:

            🙂 Hello Bill, Hope you are have a great day…….. Hold tight….”Jessie Livermore”

          • On August 2, 2020 at 1:04 pm,
            OOTB Jerry says:

            dang…..having not have….

  6. On August 1, 2020 at 11:05 am,
    Excelsior says:
    • On August 1, 2020 at 11:10 am,
      Excelsior says:

      Sprott Money News Weekly Wrap-up – 7.31.20

      w/ Eric Sprott & Craig Hemke

      [Of course, Eric Sprott discussed some of his largest positions – Kirkand Lake, Jaguar Mining, and Discovery Metals. Some of the other stocks the he and Craig discussed were Tudor Gold, Teuton Resources, Erdene Resource, Kore Mining. Spanish Mountain, and Freegold Ventures.]

      https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-73120

      • On August 1, 2020 at 1:58 pm,
        Excelsior says:

        (VZLA) Vizsla Resources closes $22 million private placement

        Carl A. Williams – The Northern Miner | July 31, 2020

        “Under the deal, 2176423 Ontario, a company controlled by Eric Sprott, acquired around 5 million units for a total consideration of C$10 million. Following the acquisition, Sprott owns or controls 6.06% of the issued and outstanding common shares of the company on a non-diluted basis and 11.42% on a partially diluted basis, the company reports.”

        https://www.mining.com/vizsla-resources-closes-30-million-private-placement/

        • On August 1, 2020 at 2:05 pm,
          Excelsior says:

          Now that Vizsla’s financing is closed, they are able to start putting out news from their exploration program again. I expect to see them put out an update on further drill holes in the next week or two.

    • On August 1, 2020 at 5:46 pm,
      Excelsior says:

      Gold Ventures @TheLastDegree 4:00 AM · Aug 1, 2020 · Twitter

      Silver Junior Miners Point & Figure:

      “While tweaking my miners PF last week some major shifts in the $Silver section.”

      1. i have $silver targets of $65 (2Y) and $350 (7Y)

      2. shift from producers towards more speculatives, proven ounces or serious exploration

      3. do this NOW, NOW the risk is okay

      4. now they are still cheap, they only trippled. most went up 3500% last bull, if this is the biggest $Silver bull this is where you want to sit.

      5. take enough positions to exclude individual risks

      6. this can’t be copied by buying $SILJ, which only has big companies

      https://twitter.com/TheLastDegree/status/1289486080664719360

      • On August 1, 2020 at 5:48 pm,
        Excelsior says:

        Gold Ventures @TheLastDegree 4:07 AM · Aug 1, 2020 · Twitter

        “Here is my TOP 31 #Silver positions i will hold for the greatest $silver bull market.”

        “Tickers with far bigger size based on current value: GOG, SSV, ARD, RSLV, ELEF, GRSL, EXN, OCG, while producers got smaller.”

        https://twitter.com/TheLastDegree/status/1289487826858328065

  7. On August 1, 2020 at 11:08 am,
    Excelsior says:

    Look How Radically Undervalued Gold Miners Are Compared To The Price Of Gold

    July 30 – King World News

    https://kingworldnews.com/gold-at-this-point-this-says-it-all/

  8. On August 1, 2020 at 5:33 pm,
    Matthew says:

    KTN managed to close the week above a support/resistance that it had lost 3 years ago:
    https://stockcharts.com/h-sc/ui?s=KTN.V&p=W&yr=9&mn=9&dy=0&id=p37192018389&a=686292383

  9. On August 1, 2020 at 5:35 pm,
    Matthew says:
  10. On August 1, 2020 at 6:14 pm,
    Matthew says:

    The following weekly SILJ:GDX chart is “noisy” but worth the effort. It shows two weekly closes above two fork resistances (red and blue) but has not cleared the largest fork resistance or the “P” pivot (the line between bullish and bearish) or the Ichimoku Cloud just above.
    The appropriate takeaway, in my opinion, is not concern but cause for relief. This move hasn’t even begun yet. Whether it breaks out this week (which I think is probable) or the next, or even later, doesn’t matter. The upside will be worth it. Notice that SILJ still needs to rise 30% vs GDX just to match its mid-March high. Such a move gains significance when you consider that GDX will be going up versus the dollar while SILJ is going up versus GDX. That mid-March high level, the 233 week MA which was support for most of 2018, could represent some decent resistance but will ultimately become a floor.
    The indicators below the chart are in buy signal harmony and show plenty of room to the upside. They are used with many other indicators and charts to help me with probabilities. As of yesterday’s close, SILJ:GDX is also on a new monthly MACD buy signal.

    https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=W&yr=4&mn=11&dy=0&id=p66089391092&a=757970817

  11. On August 1, 2020 at 6:53 pm,
    Dragonite says:

    Thanks for inviting Mr. Jeff Christian to the show. I have a lot of respect for Jeff. But I cannot agree with his statement today. The rise of gold and silver is not related to the geopolitical tensions, at least not much. Maybe a few dollars here or there. The rise of gold and silver is mainly due to the loose monetary policy of western governments. People start to realize that they stand to lose since governments will never stop this reckless behavior. Elected politicians can not afford angry voters.

    I am very happy to invest in gold and silver, especially considering I am Canadian.

    • On August 1, 2020 at 7:20 pm,
      Excelsior says:

      Good points Dragonite. The biggest drivers up for Gold have been the loose monetary policies of the western governments as you mentioned. Most countries have massive debt loads, and central banks are creating new magical money like crazy, while keeping interest rates down near zero, or even negative rates in some countries. This only underpins the need for real money = gold.

      Glad to see you posting here again man. Cheers!

      • On August 1, 2020 at 9:54 pm,
        Dragonite says:

        Excelsior, thanks for recommending NXE. I have bought some and up 20%. Looks like it will be a long wait for uranium stocks. I read and listen to kereport but not always right away. I feel we are reaching the take off point for precious metals. Hope it is not too far for energy.

        • On August 1, 2020 at 10:02 pm,
          Dragonite says:

          The financial crisis was coming regardless of COVID 19. The easing started way ahead of the pandemic. The debt is out of control. COVID 19 just accelerated the process. The geopolitical conflict does not help either. We are truly living at an interesting time.

          • On August 1, 2020 at 10:14 pm,
            Excelsior says:

            Agreed Dragonite. All the symptoms were already in place, pre-Covid-19, and decades of fiscal mismanagement, growing debt levels, and the response by central banks to the 2008-2009 Great Financial Crisis of QE and money printing were only getting worse. As these banking goons tried to inflate their way out of the corner they’ve painted themselves into, the pandemic and lockdowns were just the pin that popped the bubble. The additional geo-political conflict and trade wars during these unprecedented time are definitely not helping the cause, but yes, these are interesting times.

          • On August 2, 2020 at 11:45 am,
            Excelsior says:

            The Reason Renewables Can’t Power Modern Civilization Is Because They Were Never Meant To

            Michael Shellenberger – Forbes

            “With Germany as inspiration, the United Nations and World Bank poured billions into renewables like wind, solar, and hydro in developing nations like Kenya.”

            “But then, last year, Germany was forced to acknowledge that it had to delay its phase-out of coal, and would not meet its 2020 greenhouse gas reduction commitments. It announced plans to bulldoze an ancient church and forest in order to get at the coal underneath it.”

            “Over the past five years alone, the Energiewende has cost Germany €32 billion ($36 billion) annually, and opposition to renewables is growing in the German countryside.”

            “Solar and wind advocates say cheaper solar panels and wind turbines will make the future growth in renewables cheaper than past growth but there are reasons to believe the opposite will be the case.”

            “Between 2000 and 2019, Germany grew renewables from 7% to 35% of its electricity. And as much of Germany’s renewable electricity comes from biomass, which scientists view as polluting and environmentally degrading, as from solar.”

            “Meanwhile, the 20-year subsidies granted to wind, solar, and biogas since 2000 will start coming to an end next year. “The wind power boom is over,” Der Spiegel concludes.

            “All of which raises a question: if renewables can’t cheaply power Germany, one of the richest and most technologically advanced countries in the world, how could a developing nation like Kenya ever expect them to allow it to “leapfrog” fossil fuels?”

            https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/michaelshellenberger/2019/05/06/the-reason-renewables-cant-power-modern-civilization-is-because-they-were-never-meant-to/amp/

          • On August 2, 2020 at 11:50 am,
            Excelsior says:

            Why Nuclear Power Must Be Part of the Energy Solution

            By Richard Rhodes

            “Many environmentalists have opposed nuclear power, citing its dangers and the difficulty of disposing of its radioactive waste. But a Pulitzer Prize-winning author argues that nuclear is safer than most energy sources and is needed if the world hopes to radically decrease its carbon emissions. ”

            “First and foremost, since it produces energy via nuclear fission rather than chemical burning, it generates baseload electricity with no output of carbon, the villainous element of global warming. Switching from coal to natural gas is a step toward decarbonizing, since burning natural gas produces about half the carbon dioxide of burning coal. But switching from coal to nuclear power is radically decarbonizing, since nuclear power plants release greenhouse gases only from the ancillary use of fossil fuels during their construction, mining, fuel processing, maintenance, and decommissioning — about as much as solar power does, which is about 4 to 5 percent as much as a natural gas-fired power plant.”

            “Second, nuclear power plants operate at much higher capacity factors than renewable energy sources or fossil fuels. Capacity factor is a measure of what percentage of the time a power plant actually produces energy. It’s a problem for all intermittent energy sources. The sun doesn’t always shine, nor the wind always blow, nor water always fall through the turbines of a dam.”

            “Third, nuclear power releases less radiation into the environment than any other major energy source. This statement will seem paradoxical to many readers, since it’s not commonly known that non-nuclear energy sources release any radiation into the environment. They do. The worst offender is coal, a mineral of the earth’s crust that contains a substantial volume of the radioactive elements uranium and thorium. ”

            https://e360.yale.edu/features/why-nuclear-power-must-be-part-of-the-energy-solution-environmentalists-climate#:~:text=Nuclear%20power%20releases%20less%20radiation,energy%20sources%20or%20fossil%20fuels.&text=Nuclear%20is%20a%20clear%20winner%20on%20reliability.

        • On August 1, 2020 at 10:10 pm,
          Excelsior says:

          Yes, NXE is a solid choice in the Uranium space, and the recent weakness in shares due to the news that Cameco is going to restart Cigar Lake is not going to come anywhere close to the shortfall in supply. The Kazakhstan supply is still offline due to Covid-19, and they are buying in the spot markets as well as Cameco to meet supply obligations, and all other prior-producing mines are either throttled back to life support levels, or are completely on care & maintenance at this point.

          The utility companies are going to get the message sooner rather than later, and start a new longer term contracting cycle, which will raise the pricing back up into the high $40’s to low $50’s.

          Rather than the expensive start up of McArthur River, and all their underground water issues, I could see Cameco just buying NexGen and moving it into production. Rio Tinto or BHP could also be suitors for NXE.

          • On August 1, 2020 at 10:50 pm,
            Dragonite says:

            Interesting perspective for NXE. Thanks.

    • On August 1, 2020 at 7:21 pm,
      Matthew says:

      You are absolutely correct. “Geopolitical tensions” have virtually nothing to do with gold’s rise but is always cited by those close to the weasels in power.

  12. On August 1, 2020 at 7:25 pm,
    Matthew says:

    Was deleting old charts when I came across this (when SAND was $3.33):
    On May 6, 2017 at 3:40 pm,
    Matthew says:
    I don’t own it but SAND looks like a relative bargain and is a BUY in my book.
    https://stockcharts.com/h-sc/ui?s=SAND&p=D&yr=4&mn=0&dy=13&id=p14962768876&a=522297240
    That turned out to be the low and was up 55% in the next 4 months.

  13. On August 2, 2020 at 8:36 am,
    Wolfster says:

    As more my outlook going forward I see gold hitting new highs Monday as the Canadian markets are closed so I can only get excited about paper profits…..then overnight Monday into Tuesday morning the correction/pullback will occur and my long weekend will be ruined even more than it has been by the fact that it’s raining today through Tuesday…..yes I haven’t had my morning caffeine yet.😉

    • On August 2, 2020 at 8:51 am,
      Excelsior says:

      Seems like a bummer of a way to end the long weekend Wolfster, but I like the part about Gold hitting new highs on Monday in your forecast. Enjoy the day off tomorrow!

      • On August 2, 2020 at 9:11 am,
        Wolfster says:

        Thanks Ex…..I’ll gladly be half right and the pullback doesn’t happen…..I’m struggling with what to buy with the last of my cash as my stink bid for discovery isn’t getting filled and I’ve got a few (too many ) on my wish/watch list

        • On August 2, 2020 at 9:48 am,
          Excelsior says:

          Yes, if you end up being only “half right” and gold ends up going higher both Monday and Tuesday that would be ok. 🙂

          I was able to pick up a bit more discovery last week when it pulled back some, but I had move my initial stink bid up to only a slightly smelly bid. (haha!) If it really had a meaningful correction lower, I’d scoop up even more, but that is how most investors feel, so each slight pullback is getting bought. It will take more of a sector-wide corrective move to shake the tree, and then if Discovery sells off, it will be time to go poaching. That’s the same scenario in many good names that have run so much higher lately.

          Good luck with buying something that ends up being profitable for you. Longer term most stocks still have much higher to run in this bull.

          Personally, I’ve most just been holding, did do some trimming and selling, but as for buying, I’ve only been adding to Silver stocks that I trimmed previously and are now at lower prices, or I’ve been buying gold exploration stocks that are getting beat up and monkey-hammered down to significantly lower levels (like Nighthawk, Azimut, Sokoman, and Newrange).

          I have more funds to deploy, but will wait to see if we get a corrective move in the short term to pounce on deals as they present themselves.

          I’m actually hoping a few of the explores I’ve positioned in hit it big on their drill campaigns and go on sharp moves higher to be able to trim those back and raise more funds.

          Again, good luck amigo, and make sure to drink some coffee before you decide to buy!!

  14. On August 2, 2020 at 8:37 am,
    Wolfster says:

    For not more…really need some caffeine. 😄

    • On August 2, 2020 at 10:24 am,
      Charles says:

      Hey Ex. – Any thoughts on Maple Gold.? It has run some but I really can’t figure out why other than the price of gold has gone up. No material changes or drill announcements that I could find.

      • On August 2, 2020 at 11:13 am,
        Matthew says:

        My guess is that it’s due simply to the changing economics of the gold they’ve got in the ground along with the perception of the market that the improved economics are permanent and even improving.
        Here it is with gold price action overlay:
        https://stockcharts.com/h-sc/ui?s=MGM.V&p=D&yr=1&mn=0&dy=0&id=p57712567542

        “Optionality” is a great thing.

          • On August 2, 2020 at 11:28 am,
            Matthew says:

            From page 14-25:
            5. The Whittle pit shell used to estimate Mineral Resources used a long-term gold price of US$1,500 per ounce, however the implied gold price for the Mineral Resources reported at the elevated cut-off grade would be significantly lower.
            -and-
            8. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
            -end-

            So it’s easy to see what the current gold price might do for the viability and value of the deposit.

        • On August 2, 2020 at 4:18 pm,
          Charles says:

          Thanks Matthew. It has zoomed up to my largest position in my IRA account so feel like I need to trim it a bit.

      • On August 2, 2020 at 11:59 am,
        Excelsior says:

        Hi Charles.

        Yes, most gold developers are having their ounces in the ground get re-rated higher, and this is likely the primary driver.

        Secondly, the stock really started to move with massive volume on June 30th (and curiously the day before) when this exploration update hit the wires. Clearly some investors are keen on what they’ll find in this year’s exploration program.

        ___________________

        Maple Gold Aims to Detail New Discovery Targets With IP Surveys at Douay
        @newsfile on 30 Jun 2020, 07:49am

        https://ceo.ca/@newsfile/maple-gold-aims-to-detail-new-discovery-targets-with

        _______________________________________

        Thirdly — Let’s not forget the great interviews that Cory has put out here at the KER with the team from Maple Gold mines. There was just another daily editorial here on Thursday. Gotta tip my hat to Cory with continually picking the winners to feature here at the KER like Maple Gold, Great Bear, Novo, Cartier, Auryn, O3 Mining, Skeena, Silvercrest, and Vizsla.

        • On August 2, 2020 at 12:16 pm,
          Excelsior says:

          I went over to ceo.ca to investigate reactions from investors and noticed multiple people over a 2 week period starting on June 25 reposting this same interview with the excellent Swiss Resource Capital AG. The video has over 3,500 views in just over a month (which is a lot for a Jr mining company interview), and most of those viewers likely watched in the few days between the July 25-July 30th spike when it first broke. It likely helped in the awareness building as well.

          >> Maple Gold Mines: Extended Drill Program to Increase Existing Resource at the Douay Gold Project

          Swiss Resource Capital AG – June 25, 2020 #VIDEO

          https://youtu.be/Y5l8-TVlPvY

          • On August 2, 2020 at 12:19 pm,
            Excelsior says:

            There were a number of reactions to their new update on July 7th about the AI and machine learning, and it was also featured on a few other sites afterwards like Mining.com.

            ___________________________

            Maple Gold Applies Machine Learning for High-Grade Gold Targeting at Douay
            by @newsfile on 7 Jul 2020

            Maple Gold’s President and CEO, Matthew Hornor, commented: “Our team is excited to collaborate with CGI, a group we are very familiar with given their strategic partnerships with the Ivanhoe group of companies. The last time any machine learning was applied at Douay was limited and more than a decade ago. There is significantly more project data now, with more sophisticated algorithms and increased computing power on the processing side. We are excited to complete this exercise in parallel with our IP program as we refine and detail top priority discovery targets in advance of our planned drilling in late Q3 or early Q4.”

            https://ceo.ca/@newsfile/maple-gold-applies-machine-learning-for-high-grade

          • On August 2, 2020 at 5:34 pm,
            Charles says:

            Thanks Ex for the info. Didn’t realize how widely they are followed over at CEO so appreciate that insight. Piece from Swiss Resource is great to. I have to sell some as it has gotten to large in my retirement account. I guess a good problem to have.

          • On August 2, 2020 at 8:04 pm,
            Excelsior says:

            Yes Charles, when a position grows too big inside of one’s account that is always a good problem to have. I had a few like that this year so far, and was happy to trim back some profits to put in other companies and let the rest of the position keep on riding the bull.

  15. On August 2, 2020 at 12:17 pm,
    GrowingTrees says:

    Looking for some feedback from the wise gallery:

    I want to take about 1.5% position in each of the following
    1. Orex Minerals
    a. Silver Play: hard to find value now
    b. Great partnerships
    2. MUX
    a. Problems but turn-around belief with Mcewen
    b. Diversified with Gold-Silver-Copper
    c. Hasn’t run too much
    3. Troilus
    a. Optionality play Gold
    b. Low grade with copper / silver offsets
    4. Euro Sun Mining
    a. Low grade / bulk / Undervalued reserves
    b. Optionality play Gold

    • On August 2, 2020 at 12:37 pm,
      Excelsior says:

      Hi GrowingTrees.

      1) I’m a fan and shareholder of Orex Minerals for the same 2 reasons – Silver plays are hard to find, and their JV Partners – Pan American Silver & Fresnillo are top notch Sr Producers, and make likely suitors to sell a project (and retain a Net Smelter Royalty) for a takeover, or the best option is the big boys take them into production, and Orex keeps a percentage stake carry interest on the properites. Also I like the Belcara Group backing it (I did well with Gary Cope on Orko Silver, and initially got in Dolly Varden because of their team). They are also behind Silver Viper.

      2) McEwen Mining – Yes, I’ve been in and out of their stock many times in the last 4 1/2 years, but their delayed progress, continual issues at 4 different mines, excuses and setbacks are getting old. I trimmed them back a few times, completely sold out, and a few weeks back added an initial tranche back because they haven’t responded as well as the other Gold/Silver producers, and I do believe, with Rob’s namesake on it, and the recent personnel changes, that they are scrambling to get their turn-around under way. I had to hold my nose when I bought it back because their results have been so bad the last year or two, but with higher gold prices and their Copper kicker, I’ve got a small speculative position in place.

      3 & 4 – I’ve looked at Trolius & EuroSun in the past a few times, and passed on them each time, but I’ve been seeing more comments building in Trolius lately. Yes, the Gold optionality plays have all been getting a bid lately as their ounces in the ground are re-rated higher. It looks like Euro Sun has just started to move back up out of a long rounded bottom, so it may have some legs from here.

      Personally there are just other Gold developers I’ve been more impressed with as far as execution, that have had better runs higher, so they’ve been re-priced accordingly. (Pure Gold, Minera Alamos, Orezone, Monarch Gold, Lion One, Sabina Gold & Silver, Treasury Metals, Midas Gold, International Tower Hill, Marathon Gold, etc…).

  16. On August 2, 2020 at 1:11 pm,
    GrowingTrees says:

    As always Ex, thank you for your comments.

    I am still holding my Dolly Varden (up 188%) as I am not a trader like you and Matthew, and others. I am trying to take big perspective and add on weakness and not selling at this point. Orex comments are right in line with me moving forward.

    MUX: my cost basis is 1.10 (2% weight) and I know so many people are tired of the excuses. I am hoping patience is a virtue and all boats rise in a rising tide 🙂 Your comment about personnel changes and covid 19 putting mines out just gives opportunity.

    I have position in Midas (up 98%)

    It is hard to find value these days! The list of Gold developers have had nice moves! Which is a good thing if you were already heavily positioned??? I am trying to hunt like a alligator 😉

    I am hoping we are finally in the channel of a extended, extended uptrend and going getting higher highs and higher lows and the last great buying opportunities are behind us.

    • On August 2, 2020 at 2:42 pm,
      Excelsior says:

      Good discussion GrowingTrees. Yes most of the silver stocks, like Dolly Varden and Orex that you mentioned are good for the longer term (and I’m holding those both and most of them for the larger bull market, but do trade around positions from time to time as I see good risk/reward set ups).

      As for MUX let’s hope they get their act together this is the 4th time I’ve come back into McEwen expecting better days, but my patience with them is running thin, and I’m not adding more until I see some tangible improvements on their quarterly operations reports.

      Nice move on Midas! I don’t own Midas but yes I was already well positioned for a while, and adding to positions in March & April in most of the Gold developers like Pure Gold, Minera Alamos, Orezone, Monarch Gold, Lion One, Sabina, Treasury, West Vault, Falco, Scorpio, etc… Recently I’ve added in Triumph, O3 Mining, Auryn, and Nighthawk for a few more gold developers.

      Yes, the time when investors should have been loading up was Aug-Dec 2018, and April-June of 2019. Ever since then it has just been a climate to keep adding to positions. Obviously the selloff from late Feb to mid March also created a historic buying opportunity, and was deploying all the funds I could manage at that point, and that was likely the last great buying opportunity (where many stocks made new lows or had crazy corrective plunges). Moving forward pullbacks should be used for adding to positions.

      Wishing you a prosperous rest of 2020 in your investments.

      • On August 2, 2020 at 6:30 pm,
        GrowingTrees says:

        LOL.. MUX 4th circle back around so to speak… I have a hunch you will be rewarded. I saw you adding back in March. I got heavy in your first two timelines but did not get to add in March but in April. The funds I had tied up did not make it until then… smh.

        I know you will do great… two questions though how great and how much patience and conviction do you have in silver’s story and proven history? 🙂

        • On August 2, 2020 at 8:10 pm,
          Excelsior says:

          I have a great deal of conviction with Silver and believe it will do great, but it will require patience. I was stacking Silver bullion in 2008 & 2009 and sold it in 2010 and the rest in 2011 and did fanastic. Starting in 2010 and 2011 I decided to switch my trading account from boring blue chip stocks over to Silver and Gold stocks and did quite well. I had a nice run in in Silver miners again in 2016, and caught a few nice rallies in the Q1 Run of 2017, 2018, and 2019 and from late 2019 to present, but I believe the most explosive gains in Silver are still in front of us. Silver has a great deal of catching up to do with Gold, as it is only half way to it’s all time high, where as Gold is now blasting to all time highs. In addition, the Silver miners still have some catching up to do relative to the moves higher in the Silver prices the last few weeks.

          Ever Upward!

          • On August 3, 2020 at 1:20 pm,
            GrowingTrees says:

            Dang it my original post didn’t go through. In college during the 2008-2010 run so will be my first big run! Hopefully it I’ll be the biggest so far and going to lean on some veterans to navigate this bull market. Ever upward!

  17. On August 2, 2020 at 3:06 pm,
    OOTB Jerry says:

    Here we go……………gold $1986……………should be interesting,

  18. On August 2, 2020 at 3:24 pm,
    Bill says:

    Hey ya all.
    So correct Mathew these companies are that have shinny stuff in the ground are getting some price tags put on them now. Mine or not. My FG.V is up 500% now grabbed 200,000 shares and one hope it sees a buck or 2.
    Hey OOTB you have a good one tooo! To bad CND mkts closed Monday wanted to grab some more KTN. That sucker could take off anytime. BBB looks close…hmmm
    PS I don’t give a dang about stat holidays I was self employed now just a BUM 🙂

    • On August 2, 2020 at 3:31 pm,
      OOTB Jerry says:

      Hey Bill……I am a dummie on FG.V……….why do you like this one…..just interested, I am not sure I have noticed this one…..was the reason for asking……thanks…

  19. On August 2, 2020 at 3:27 pm,
    Bill says:
    • On August 2, 2020 at 6:52 pm,
      Dick Tracy says:

      Legendary Investor Jim Dines say’s silver is going to $500 an ounce and gold $5000 an ounce. Guess what nobody knows, but he could be right. DT

      • On August 2, 2020 at 7:10 pm,
        John Kruschke says:

        Major Chinese Banks Bar Customers From Buying Gold, Precious Metals
        https://news.bitcoin.com/major-chinese-banks-bar-customers-from-buying-gold-precious-metals/

        • On August 2, 2020 at 8:15 pm,
          Excelsior says:

          “A reporter called the bank to inquire about the reason for this prohibition. The bank’s customer service said it was for the safety and protection of customers due to heavy price fluctuations of these assets recently and “the need to control risks.”

          ___________________________________

          What a load of BS… Yeah sure, they are protecting the people from volatile markets. China isn’t exactly the bastion of freedom of choice. It’s curious when their stock market was going on crazy runs to the upside a few years back that they didn’t stop investors from buying stocks to protect those same investors. Rubbish.

      • On August 2, 2020 at 8:10 pm,
        Bill says:

        DT He could be.. but $100 silver and $4000 Gold is not a long shot for sure.

        • On August 3, 2020 at 6:33 am,
          Dick Tracy says:

          Bill, Dines is 85 years old, he has a bevy of women in their fifties called The Dinettes that are part of his entourage. A well developed sense of social skills, although you might call it something else! LOL! DT

  20. On August 2, 2020 at 11:56 pm,
    Matthew says:

    For those who can see a monthly chart, the gold miners finished July at an interesting level:
    https://stockcharts.com/h-sc/ui?s=%24GDM&p=M&yr=25&mn=0&dy=0&id=p94253677064&a=730670301

      • On August 3, 2020 at 9:03 am,
        SilverDollar says:

        Been involved with USERX since the Nineties. They hold some savings and two I
        RAs. They’ll go with the trend and cave when it all ends. Have to be a bit more trader this time. Thanks for the chart and all other comments.

    • On August 3, 2020 at 12:05 am,
      Matthew says:

      First monthly RSI overbought reading for XAU in 14.5 years…
      https://stockcharts.com/h-sc/ui?s=%24XAU&p=M&yr=15&mn=0&dy=0&id=p83715226897&a=733656004

        • On August 3, 2020 at 6:36 am,
          Glenfidish says:

          Hey guys!
          I decided to post up here so you can all see and not miss.. I spent the last couple
          Of days going through the charts and something interesting showed up and so it goes in line with what Matt said..There Is a very high probability like 80% that Hui index goes to $420-$423..from here.
          I came across the timeline and it would not surprise me if this takes 2-3 months to achieve from here. Which means we could be printing three bullish candles on the monthly before before topping 😳..
          Which in the overall picture would not blow my mind away since it has been done many times before on an extended cycle. The cycle would top in the end of November. March low to November top to April/May cycle low.. This is a total duration of 12/13 month from bottom to peak and low..
          What this all means is I’m watching fairly closely the price action of gold/hui/miners and if we top in the second week of August with gold as I predict, it would possibly Indicate 80% chance we would show a slight bearish canal on the monthly with gold but only to rocket up in September/October/November.
          I got a really good hunch this is what Matt is seeing. Or somewhat similar with his no summer doldrums.
          If this is the case ladies and gentlemen, I’m not selling anything possibly until November give or take on my short term trading stocks.
          Hope this helps..

          • On August 3, 2020 at 7:42 am,
            Rene says:

            Thanks Glen, so for now your in eventhough you think its somewhat toppy

          • On August 3, 2020 at 10:51 am,
            chris says:

            If your thoughts work out, that would also be a perfect time to take capitol gains here in then USA.

    • On August 3, 2020 at 12:09 am,
      Matthew says:
      • On August 3, 2020 at 6:58 am,
        OOTB Jerry says:

        I think you are spot……based on what I have read……

  21. On August 3, 2020 at 6:30 am,
    OOTB Jerry says:

    HEY EX………left you a question ….on Metalla….above……..if, you have some time, not in a hurry…..thanks…..J

    • On August 3, 2020 at 6:56 am,
      Excelsior says:

      OOTB – I just saw it and answered it up above. Cheers!

      • On August 3, 2020 at 6:59 am,
        OOTB Jerry says:

        Ex………thanks for the follow up…..appreciate…..Have a great day….

        • On August 3, 2020 at 7:06 am,
          OOTB Jerry says:

          great comment on comparing Sandstorm…

          • On August 3, 2020 at 7:55 am,
            Excelsior says:

            Yes, I’ve been impressed with Metalla and mentioned they’d have more torque than the larger royalty companies. They’ve been up 11-15% today which is more than many juniors, and a hell of a move for a royalty company in one day.

          • On August 3, 2020 at 8:02 am,
            OOTB Jerry says:

            Nice….and interesting……

          • On August 3, 2020 at 8:10 am,
            Excelsior says:

            Now (MTA) Metalla is up over 17% today. Gadzooks!!

            That is a wild move higher for a royalty company.

          • On August 3, 2020 at 8:50 am,
            Excelsior says:

            Maverix Metals (MMX) – Royalty Company Continues Rapid Growth

            Crux Investor – August 1, 2020 #VIDEO

            https://youtu.be/m226xldB6rs

          • On August 3, 2020 at 11:05 am,
            Excelsior says:

            Sailfish Royalty up nicely today in the US OTC listing (SROYF). These royalty companies are really popping here. I’m interested to see what (FISH) does tomorrow.

          • On August 3, 2020 at 12:06 pm,
            OOTB Jerry says:

            Yes, let’s see what tomorrow brings…….

  22. On August 3, 2020 at 7:37 am,
    bonzo says:

    James Dines says silver is going to $500 and gold to 5K. He likes FNV, NEM, KL, and HL.
    I think $500 silver should be good for PAAS, WPM, AG, PSLV, SSRM,and USAS, etc. Dines is 85 now and I hope he lives long enough to see $500 silver.

    • On August 3, 2020 at 8:03 am,
      Matthew says:

      Bonzo, along with USAS, I’ve been accumulating MUX lately. I avoided it for many year but it looks appealing now. It now has the leverage that I want and even a copper kicker. I think it will quickly make up for all those down years.
      At Ichimoku Cloud resistance:
      https://stockcharts.com/h-sc/ui?s=MUX&p=W&yr=5&mn=5&dy=0&id=p45576531750

      • On August 3, 2020 at 9:05 am,
        Rene says:

        Interesting on MUX
        Thanks

        • On August 3, 2020 at 9:26 am,
          Bill says:

          Mathew i talked to MUX and loaded up at about $1.35..
          Yes the y had issues but are getting it straightened out. Flooded mine ect..
          Chart looks good…i think it surprises the next couple yrs.

          • On August 3, 2020 at 10:10 am,
            Matthew says:

            Bill, I think it surprises MUCH sooner than that. The assets in the ground are there and will be marked-up as the metals continue to rise and the market wakes up to the fact that the current metals prices are secure and not going back down like they did following the 2016 top. Yes, corrections will happen but the bulk of the gains will not be given back. As I’ve said several times before, the picture for the sector is vastly better now than it was four years ago.

          • On August 3, 2020 at 10:33 am,
            Bill says:

            Agree Mathew…I meant 10 bucks down the road….after dogging it for so long. I agree we look to have a good pop SOON.
            Thanks DT and others!!

          • On August 3, 2020 at 12:10 pm,
            Charles says:

            That sounds like a perfect spot for my Maple Gold profits.

    • On August 3, 2020 at 8:10 am,
      Marty says:

      I doubt he’ll see 500 silver, he’s got a haram of menopausal women Attending to him

  23. On August 3, 2020 at 7:58 am,
    Excelsior says:

    If people want their GORO dividend, they must have shares on record by Aug 11th.
    ___________________________________________________________

    (GORO) Gold Resource Corporation Declares July Monthly Dividend

    by @nasdaq on 27 Jul 2020

    “Gold Resource Corporation (GORO) declares its monthly instituted dividend of one-third of a cent per common share for July 2020 payable on August 24, 2020 to shareholders of record as of August 11, 2020. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.”

    “The Company has returned $114 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.”

    https://goldresourcecorp.com/releases/GRC-2020-07-27-1.pdf

  24. On August 3, 2020 at 8:06 am,
    Marty says:

    Looks like Au/ Ag just gave the dollar the middle finger the last hour.

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