Richard Postma - The Doctor Is In – Sun 23 Aug, 2020

US Market and Gold Outlook To The End Of The Year

Here is a weekend special with Doc. We chatted later in the day on Friday focused on the US markets (the new all-time highs in the S&P vs the lagging Dow) and gold’s correction. While a lot can still happen from now to the end of the year Doc shares where he sees these markets trading.

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  1. On August 23, 2020 at 11:29 am,
    pardu says:

    Doc, what do you think of Oceanagold (OCANF) and Goldmining (GLDLF) at current levels?

    • On August 24, 2020 at 5:28 am,
      RICHARD/DOC says:

      Pardu, I own both. I probably should take some gains on gldlf because I believe it’s overbought technically. OCANF has sold off a little and I believe it will sell off a little more—then I’ll add.

      • On August 24, 2020 at 8:25 am,
        RICHARD/DOC says:

        Pardu, for transparency I just sold my GLDLF/

  2. On August 23, 2020 at 6:37 pm,
    FIH says:

    I heard that Barrick was granted exemptions to cover shorts under the Evergreen agreement granted well before 2000. I wonder if American Barrick is still holding those shorts? If so could they be in trouble? Is it Warren to the rescue somehow?

    • On August 23, 2020 at 8:54 pm,
      Davud says:

      How can you make an agreement to allow the covering of shorts. That doesn’t sound legal at al? Just wondering…

  3. On August 24, 2020 at 5:31 am,
    OOTB Jerry says:
  4. On August 24, 2020 at 6:25 am,
    Excelsior says:

    Brien Lundin talks to Frederick Davidson, CEO of (IPT)(ISVLF) Impact Silver Corp at the August MIF

    August 13, 2020 #VIDEO

    Frederick Davidson, President & CEO of Impact Silver Corp. and Brien Lundin, Publisher and Editor Of Gold Newsletter discuss the successful $silver #explorer – #producer with two processing plants on adjacent districts within its 100% owned mineral concessions in central #Mexico at the August Virtual Metals Investor Forum.”

    • On August 24, 2020 at 6:37 am,
      Excelsior says:

      Frederick Davidson, CEO of (IPT) Impact Silver presents at the virtual Metals Investor Forum on August 6

  5. On August 24, 2020 at 6:29 am,
    Excelsior says:

    (MKO) (MAKOF) Mako Mining Receives Permit Amendment to Process Up To 1,000 Tonnes Per Day

    by @newswire on 24 Aug 2020

    • On August 24, 2020 at 6:45 am,
      Excelsior says:

      That is also good news for Sailfish Royalty (FISH).

  6. On August 24, 2020 at 6:43 am,
    Excelsior says:

    (NAK) (NDM) down about 48% on the day because of continued environmental concerns in Alaska. Now where have we seen this story before with Northern Dynasty…. oh yeah, about every 1-2 years for the last dozen years….

    “*Northern Dynasty Minerals shares are trading lower following a WSJ report suggesting the company’s gold and copper mine planned for Alaska faces a roadblock by the Trump administration over environmental concerns.”
    — Benzinga

  7. On August 24, 2020 at 7:03 am,
    Excelsior says:

    As a reminder (JAG) (JAGGF) Jaguar Mining has their 10:1 share rollback this week, and the consolidated shares hit the market on Thursday morning August 27th. Shareholders on record will also get their first dividend post reverse-split.


    Jeff Kennedy, Chairman and Director of the Company, stated, “The declaration of a dividend and the concurrent announcement of a share consolidation represent an important milestone for Jaguar as we believe it will create greater exposure for the Company and attract an expanded and diverse group of new institutional and retail investors in the United States, Canada and abroad. The payment of this quarterly dividend also reflects the strong confidence we have in the expected future operating and financial performance of the Company and its mineral properties including the needs of our exploration team in providing for future growth.”

  8. On August 24, 2020 at 7:29 am,
    Excelsior says:

    Well, we start this week with an acquisition in the royalty space. I mentioned just a few weeks back that medium sized royalty companies needed to start preying on the smaller royalty companies, and mentioned Coral Gold was one of the companies to pick off… and the M&A season in royalties has now begun.

    (NSR) (NSRXF) Nomad Royalty Company to Acquire (CLH)(CLHRF) Coral Gold, Marking the Start of Its Sector Consolidation Strategy

    24 Aug 2020

    • On August 24, 2020 at 7:32 am,
      Excelsior says:

      Wow. Nomad Royalty is on a roll today with yet another acquisition of a cash-flowing NSR on Northern Vertex’s Moss Mine. I’m going to pick up some shares in Nomad as these are both fantastic royalties they gobbled up today.


      (NSR) (NSRXF) Nomad Enters Into Agreement to Acquire a Cash Flowing Royalty on the Moss Gold Mine in Arizona

      by @newswire on 24 Aug 2020

      • On August 24, 2020 at 7:36 am,
        Excelsior says:

        Vincent Metcalfe, Chief Executive Officer of Nomad, commented on the transaction, “The Moss mine is generating strong gold & silver cash flows, holds considerable exploration upside on a district-scale and is located in a stable jurisdiction. In adding this royalty, Nomad further diversifies its portfolio and again strengthens’ its global presence by adding Arizona to its list of jurisdictions”.

        “Northern Vertex Mining Corp. is the operator of the Moss Mine, which is targeting production of 55,000 to 65,000 gold equivalent ounces per year. Northern Vertex is currently conducting a 60,000ft drilling program and is aiming to increase the mine life past 10 years.”

        • On August 24, 2020 at 8:28 am,
          RICHARD/DOC says:

          Ex, looks like I’m an owner of Nomad now since I own Coral Gold. I understand I’ll get warrants as well.

          • On August 24, 2020 at 9:09 am,
            Excelsior says:

            Nice Doc. Well I just became a new shareholder of Nomad Royalty as well today, so we can be wandering precious metals nomads together.

            Yes, it was only a matter of time before Coral Gold got picked off for that royalty, and that just beefs up Nomad even more and will be a substantial value driver down the road.

            I’m a shareholder of Northern Vertex as well, and was glad the NSR was moved from a private company, to a public royalty company I can invest in, as I really like their Moss Mine in Arizona.

          • On August 24, 2020 at 9:13 am,
            Excelsior says:

            Also, I like that Nomad has royalties on Equinox Gold, Premier Gold, Lundin Mining, Nevada Gold Mines, Heron Resources, and they just picked up one on Trolius recently.

            > (NSR) (NSRXF) Nomad Royalty – Corporate Presentation (obviously this doesn’t reflect the acquisition of Coral Gold or the NSR on Northern Vertex yet)


          • On August 24, 2020 at 9:19 am,
            Excelsior says:

            Nomad has had a very busy August making 3 big acquisitions. Here was the 3rd that happened earlier in the month.

            (NSR) Nomad Closes (TLG) Troilus Royalty Acquisition

            by @newswire on 4 Aug 2020


  9. On August 24, 2020 at 7:34 am,
    bonzo says:

    Doc, do you own Aurania, New Range, or Monarch Gold? I just bought some MRQRF today
    @.368. I hope Aurania comes down some.

    • On August 24, 2020 at 7:48 am,
      Excelsior says:

      Hi Bonzo – I have positions in New Range (just added more last week as it pulled back some more), and have been a big fan of Monarch Gold for a while, and glad it got a bit more attention on the weekend show from Brian Leni & Cory. I mentioned back with Monarch picked off those two mines/mills from Richmont (during the Alamos takeover of Richmont) that Monarch really scored on that deal and it was underappreciated at the time. Now investors are finally waking up to what they have at their 4 projects and I’m thrilled to see what they find during their 50,000 meter drill program this year.

      Ever upward!

      • On August 24, 2020 at 8:24 am,
        RICHARD/DOC says:

        Bonzo, I have none of them—-just took profits on GLDLF—I’ll have to look at those companies and maybe purchase them some if I like what I see.

        • On August 24, 2020 at 8:54 am,
          Excelsior says:

          Doc – I believe you’ll remember Richmont (and thought you mentioned you were a shareholder of them a few years back). Well, Monarch raided a few assets from Richmont right before Alamos took them over and only now are folks waking up to their value, because 2017 wasn’t a bangup year in most miners.


          Monarques Gold Enters Into A Definitive Agreement To Acquire All The Mining Assets Of Richmont Mines In The Province Of Quebec
          September 11, 2017

          > Monarques will acquire all of Richmont’s mining assets, properties and claims in Quebec.
          > Monarques will become the owner and operator of the Beaufor mine and the Camflo mill.
          > Monarques to retain Richmont’s highly experienced Quebec-based site teams.

          • On August 24, 2020 at 8:56 am,
            Excelsior says:

            Next up, in December of 2017, Monarch picked up projects from Agnico Eagle on the cheap. Talk about a Merry Christmas. 🙂


            Monarques Gold Acquires Agnico Eagle’s McKenzie Break And Swanson Properties
            December 21, 2017

            “This is an excellent transaction for Monarques, as it could significantly increase the resource available for processing at our Beacon mill,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “The previous owners made significant investments on these properties, including building ramps to access the two deposits. Furthermore, both deposits have the benefit of lying close to surface. The next step for Monarques will be to confirm the historical estimate of the two deposits in line with NI 43-101 and explore the options for extracting those resources. We will also try to determine the potential for increasing the resources of the deposits, as most of the drilling done on the properties was at a shallow depth.”


          • On August 24, 2020 at 9:00 am,
            Excelsior says:

            Then this year Monarch has divested a few projects and did well flipping the properties to others, so they could hone on their main properties:


            > Monarch Gold Sells The Monique Property To Probe Metals
            March 2, 2020

            > Monarch Gold Sells Its Regcourt And Louvem Properties To O3 Mining
            March 17, 2020

            > Monarch Gold Announces The Closing Of The Sale Of The Fayolle Property To IAMGOLD
            June 8, 2020

          • On August 24, 2020 at 9:03 am,
            Excelsior says:

            Then Monarch had 2 transactions with some of the big boys (and I know you are a Yamana shareholder).

            > Yamana Gold Invests In Monarch Gold
            June 11, 2020

            “Closing of a $5,419,800 private placement with Yamana Gold ($4.2 million), Alamos Gold ($720,000) and other investors ($499,800).”

            “This strategic investment by a mining company of Yamana’s calibre is tangible proof that we are on the right track. I would like to thank them for their confidence and their future contribution to our Board of Directors,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “The steps we have taken to advance our flagship Wasamac project continue to attract a great deal of interest from the mining and financial community and it is only a matter of time before we are fully appreciated. With this financing, our overall financial position now stands at more than $25 million, which will allow us to move more quickly to develop Wasamac, Beaufor and McKenzie Break, gold projects at various stages of development that each have excellent upside potential.”


            Monarch Gold Signs MOU With Glencore Canada Regarding The Potential Use Of The Kidd Concentrator For Its Wasamac Gold Project
            May 14, 2020

          • On August 24, 2020 at 9:05 am,
            Excelsior says:

            Then more recently they connected the dots for ore haulage to Glencore’s concentrator.

            Monarch Gold Signs MOU With Ontario Northland For Wasamac
            July 9, 2020

            “The agreement will allow negotiation of a favourable rate for the transportation of ore from the Wasamac gold project to the Kidd concentrator under the MOU with Glencore Canada.”


      • On August 24, 2020 at 9:57 am,
        bonzo says:

        Excelsior, thanks for mentioning Monarch after the Leni interview. I listened to 2 interviews with the CEO and studied the presentation yesterday and was impressed and decided to go ahead and buy today. I want some Aurania too but will wait. I have a dental appointment tomorrow and 2 hurricanes headed my way. Help!

        • On August 24, 2020 at 10:05 am,
          Excelsior says:

          Good luck in your investing bonzo. Monarch Gold is a solid company with an enviable pipeline of projects and a near-term production thesis, and larger scale production thesis. I’m amazed they’ve stayed so quiet and unloved as long as they have, but now their value is starting to get daylighted.

          Yikes a dental appointment and 2 hurricanes doesn’t sound like much fun, but I hope everything works out for you man. Best wishes!

          • On August 24, 2020 at 12:00 pm,
            Excelsior says:

            Val d’Or: Highest Grade Archean Gold Camp Globally

            Sprott Capital Partners (08/17/2020)

            > Monarch Resources (MQR) Initiating with BUY rating and C$1.65/sh

            “Monarch: potential bidding war for 2Moz, stock is just too cheap”

            > O3 MINING (OIII): Initiating with BUY rating and C$4.60/sh

            “O3: 5Moz and largest land position, 120koz pa on the way”

            > Probe Metals (PRB): Initiating with BUY rating and C$2.60/sh

            “Probe: now at 3.2Moz, with momentum shifting to new ground, and the entire Lower Detour belt”

            “The take homes for us are (i) drill dollars and rising gold price drive new ounces even in mature Archean belts, and (ii) while the Canadians are king of deep narrow-vein, the Australians rule the hub-and-spoke model. Val d’Or not only has eight gold plants, it has better inter-mine infrastructure than Australia with rail links, including to Timmins. So why own Val d’Or developers? We expect current ounces to start falling into feasibility studies either standalone or through third party mills, with improved reserve conversion at high gold prices. More drilling equals more ounces.”


      • On August 24, 2020 at 12:37 pm,
        RICHARD/DOC says:

        Ex, you have a fantastic memory—I did own Richmont at low prices and was touting it before anyone was pushing the stocks. It took off as one of the first and did very well.

        • On August 24, 2020 at 12:47 pm,
          Excelsior says:

          Yes, I remembered you mentioning that, I had positioned in both Richmont and Klondex when they had pulled back right before they were both acquired. I also owned Monarch at that time, as we happy that they scooped up Richmont’s Beaufor mine and the Camflo mill and other properties in Quebec (along with some of the Richmont personnel).

          Now I believe investors are rediscovering Monarch and these secondary assets that compliment their massive Wasamac flagship project.


  10. On August 24, 2020 at 7:52 am,
    Excelsior says:

    QMX Gold Corp (QMX) (QMXGF) High-Grade Focus, Mill and Resource Estimate Coming

    CruxInvestor on 24 Aug 2020 #VIDEO Interview

  11. On August 24, 2020 at 8:10 am,
    Excelsior says:

    … and here is another acquisition of property today by Brixton. It sold off further on this news, so I’ve added more and now have 75% of my position back where I had trimmed to tranches back at higher levels a few weeks back.

    This is precisely why buy and hold isn’t always the best strategy in these volatile miners, and most Junior explorers should simply be traded. People that say “you’ll lose your position” or “you’ll never get back in” are just wrongo in the congo. It made far more sense to sell the crazy rip higher in Brixton on Aug 10 and add on a pullback. I initially added some BBB back on (08/18/2020) when it pulled back to the gap on the charts, and just a little more last Friday (08/21/2020) when it pulled back even lower, but this news today provided an even better opportunity to add so even though I ultimately want to exit this position, I can’t pass up a good trade and I do believe Brixton has higher to go still, especially when it starts putting out some more exploration results from Thorn and Hog Heaven over the next 2 months.

    (BBB) (BBBXF) Brixton Metals to Acquire the Metla Property Expanding its Thorn Project

    August 24, 2020

    • On August 24, 2020 at 10:08 am,
      David says:

      Added starter position in Pan Global resources. Spain.

      • On August 24, 2020 at 11:07 am,
        Excelsior says:

        Interesting. I’ve seen Eric Coffin promoting their story.

        In addition to topping up Brixton, I also added some more to positions in Lion One, Metalla, and Anaconda today as the miners sold off. I also started a new position in Nomad Royalty today. I’ve got stink bids sitting in a half dozen other names in case the sell-off gets more pronounced.

        • On August 24, 2020 at 12:23 pm,
          Excelsior says:

          I had my stink bids hit in QMX Gold and Silver Tiger while I wasn’t looking.

          For now I’m removing the other stink bids, just in case things get ugly from here, as I feel I’ve done enough buying for today.

  12. On August 24, 2020 at 8:12 am,
    russell hamilton says:

    Trump attacks Kamala will drive up afro american voters to register and increase voter response . Pence will look like limp lettuce , on debate stage with Kamala . Capitalisim will do fine under Biden , inflation is real but under reported . Canned meats and stews up 15% in price in my grocery store . i bought kirkland lake recently ahead 5%

    • On August 24, 2020 at 8:31 am,
      Matthew says:

      Must watch (courtesy of 321gold):
      Frontline Doctor Silenced By YouTube and Facebook Speaks Out About Hydroxychloroquine

      • On August 24, 2020 at 8:32 am,
        Matthew says:

        Oops, that landed in the wrong place and even the wrong thread.

  13. On August 24, 2020 at 8:23 am,
    David says:

    Obama/Biden deregulated and filled the Administrative Branch with Wall Street and Goldman people. Same corruption.

  14. On August 24, 2020 at 8:25 am,
    David says:

    This is Fed Week at Jackson Hole. Think they will let the PMs go up until after the bar closes after the last attendee leaves?

    • On August 24, 2020 at 9:33 am,
      Excelsior says:

      Jackson Hole: Big Dollar Moves Expected; Sell Gold Now Or Hold? – Gary Wagner

      Kitco News – Aug 24, 2020 #VIDEO

      “The annual Jackson Hole Symposium, a gathering of central bankers, economists, and financial institutions, will see its first ever virtual conference this week, and will likely set the tone for further U.S. dollar depreciation, said Gary Wagner, editor of”

      • On August 24, 2020 at 10:04 am,
        David says:

        Jackson Hole. Forgot it was virtual. Gary Wagner is refreshing in his presentation.

        • On August 24, 2020 at 10:07 am,
          Excelsior says:

          Yes, the age of the virtual conference is now upon us… Gary is a sharp guy.

          • On August 24, 2020 at 10:23 am,
            Matthew says:

            Gary is sharp enough when it comes to his charts but leaves a lot to be desired when the discussion turns to economics.

          • On August 24, 2020 at 11:10 am,
            Excelsior says:

            In general, I agreed with Gary’s outlook for a weaker US Dollar, a bit more to the gold correction before the next move higher to $2200-$2300, and that issues with a contracting GDP will have the Fed printing trillions more to try an equalize markets, after already taking on over $3 Trillion earlier this year and expanding their balance sheet to ridiculous levels. All of this bodes well for the precious metals.

          • On August 24, 2020 at 11:33 am,
            Matthew says:

            I was referring to his talk about what the politicians/Fed “should” or “need” to do (come together and “stimulate”). Then the interviewer spouted the widely believed myth that Japan has not had inflation for 30 years. This nonsense is due to a complete misunderstanding of inflation.

          • On August 24, 2020 at 11:58 am,
            Excelsiors says:

            Oh, yeah, I agree with you there. When David (host) did the Japan stagnation comparison I cringed a bit, and then Gary agreed with it. Yes, there has been worse inflation in Japan and in the US than how it is reported by the massaged government metrics, rather than when measured against real money = gold. The fed stimulating is just throwing more gasoline on the debt fire and their balance sheet and anyone rooting for that as a solution doesn’t realize the longer term ramifications of dumping Trillions of dollars on top of the Tirllions they’ve already spent.

            Also, I cringed when Gary mentioned this year’s economic problems were caused by a “disease” when instead it was reckless political policies & lockdowns that created the issues, not a “disease.”

  15. On August 24, 2020 at 8:48 am,
    Excelsior says:

    Rick Rule Explains Why Micro-Cap Gold Juniors Are Moving Up Earlier in This Bull Market

    MiningStockEducation – August 24, 2020 #AudioInterview

    0:00 Introduction
    1:43 Buffett believes gold price going higher?
    6:23 Significance of Buffett selling bank stocks?
    8:19 Timing a new junior gold stock position
    10:30 Still playing the M&A game?
    14:39 Gold-ounce-in-the-ground valuation metric
    16:21 Bulk-tonnage, high-capex gold projects to see positive production decisions this cycle?
    19:49 Gold market topping indicators
    23:30 Copper bull market after gold bull market?
    27:02 Key takeaways from 2020 Sprott Symposium
    29:55 Rick will review your mining stock portfolio

  16. On August 24, 2020 at 9:41 am,
    Excelsior says:

    Looks like Nemaska Lithium is giving up the ghost to other operators. After a looong period of credit protection a deal has been struck, and it is such a shame as they went from one of the most promising Lithium explorers to developers, built pilot plants and were gearing up for production, but they underestimated their capex, got into a debt spiral, and couldn’t pull out as the price of Lithium crated the last few years. Another one bites the dust….


    $NMX $NMKEF Nemaska Lithium Accepts a Sale Proposal from Orion Mine Finance, Investissement Québec and The Pallinghurst Group

    by @nasdaq on 24 Aug 2020

  17. On August 24, 2020 at 10:21 am,
    David says:

    Seen enough today. Two hours of locked in place. Going to walk the dog.

    • On August 24, 2020 at 1:15 pm,
      David says:

      Added: Anaconda, QMX twice, Sokoman
      New: Pan Global and Nomad Royalty

      • On August 24, 2020 at 5:15 pm,
        Excelsior says:

        Not a bad day’s work David.

        Added: Anaconda, QMX, Brixton, Silver Tiger, Metalla, Lion One
        New: Nomad Royalty

  18. On August 24, 2020 at 11:05 am,
    Bill says:

    AS I mention a week + or so back about taking some off the table.
    Pretty saggy charts now….Don’t be a gold nut bug…..just trade.

    • On August 24, 2020 at 11:14 am,
      Excelsior says:

      Agreed Bill. I took some off the table from late July through the first 2 weeks of this month, and have been buying back the saggy charts at much better prices. Most of the miners should be trades, and most are at far better prices now than they were a few weeks ago when people were crooning be right and sit tight or beating their chests about not selling anything. It makes far more sense to sell into strength and overbought conditions, and buy into weakness in neutral to oversold conditions.


    • On August 24, 2020 at 11:27 am,
      Matthew says:

      I bought back more BBB, IPT and KTN today and believe we will rise this week despite the Fed’s Jackson Hole activities.

      • On August 24, 2020 at 11:33 am,
        Bill says:

        Some holding better than others…all good. DEF is trying to blast off..

        • On August 24, 2020 at 11:43 am,
          Excelsior says:

          Yeah, I noticed DEF has been strong lately, and they do have a highly anticipated drill program underway.

          > (DEF) Defiance Commences Exploration at San Acacio Silver Project

          by @newsfile on 20 Jul 2020

          • On August 24, 2020 at 11:49 am,
            Excelsior says:

            Another silver company I’ve just started a new position in recently as it’s pulled back is (SLVR)Silver Tiger. I was hoping it would fall more than it has to add more tranches, and I believe they may really be onto a massive deposit. Some are calling them Silvercrest 2.0 (which may be a stretch), but I’m looking forward to seeing their exploration updates and buying on any more weakness.


            (SLVR) (SLVTF) Silver Tiger – Summer Silver Conference 2020

            Red Cloud Financial Services Inc. – August 19, 2020

            “Red Cloud Financial Services Presents Summer Silver Conference: Preparing for the Expected Move Higher. Glenn Jessome, President, CEO, and Director, Silver Tiger joins Derek Macpherson, VP, Equity Research Analyst, Red Cloud Securities Inc.”


          • On August 24, 2020 at 11:51 am,
            Excelsior says:

            SF Live Ep 64 – Silver Tiger Metals Inc. (SLVF)

            Soar Financial – July 21, 2020 #VIDEO


          • On August 24, 2020 at 12:34 pm,
            Excelsior says:

            I ended up getting a small fill on Silver Tiger today afterall, so continuing to build. It would be nice to see it fall further though, as this is one I want to load up on before their next round of drilling results come out, and even though it has pulled back nicely off it’s highs, I still feel like I’m chasing it at current prices, as I missed getting in earlier.

        • On August 24, 2020 at 12:07 pm,
          Matthew says:

          BBB went up 6-fold off the March low so a 50% is no surprise, especially considering that it has always delivered big swings.

          • On August 24, 2020 at 12:11 pm,
            Matthew says:

            It blew out of the top of this modified Schiff fork just like it blew out of the bottom of it in March. Such “symmetry” seems to be the norm in technical analysis.

          • On August 24, 2020 at 12:28 pm,
            Excelsior says:

            I guess it could always fall a bit further to the 61.8% retracement, but I’ve added enough BBB last week and today to be very happy if it bounces here and starts heading higher. If for some reason Brixton does get down to that 61.8% retracement at $.27 then I’d add one final tranche there, but hopefully it doesn’t come to that.

      • On August 24, 2020 at 11:41 am,
        Excelsior says:

        I added more BBB today as well as Friday, and added to IPT on Tue & Thur last week, but I’ve topped up over a dozen other companies last week and this week, so a rise later this week sounds good.

        The normal pattern of trading before these Fed babble meetings is the PMs sell off in the days leading up to them, and then things often jump higher afterwards, when investors come to realize they’ve used most of their tools, and all that is left is more money creation & debt.

  19. On August 24, 2020 at 11:14 am,
    Bill says:

    Buffets news is gold bug news was the top..
    It was priced in I think.

  20. On August 24, 2020 at 12:18 pm,
    Excelsior says:

    Is Silver Overvalued at $27 Per Ounce: Rob Kientz

    Arcadia Economics – Aug 21, 2020 #VIDEO

    “There are 2 companies that are highly leveraged to Silver and that is First Majestic and Impact Silver” — Rob {at the 8:22 min mark}

    • On August 24, 2020 at 12:20 pm,
      Excelsior says:

      Chris and the Silver Dragons Talk Silver and Gold

      August 24, 2020 – Chris Vermeulen – The Technical Traders #VIDEO

      • On August 24, 2020 at 12:24 pm,
        cfs says:

        Technical DAMN POP-UPS

        • On August 24, 2020 at 12:30 pm,
          Excelsior says:

          Yeah, if you just click anywhere outside of that popup box it closes it and you can view the video.

          • On August 24, 2020 at 1:30 pm,
            cfs says:

            Thanks, Ex., I listened…..My sight is now almost non-existent anyway.

  21. On August 24, 2020 at 12:27 pm,
    Glenfidish says:

    Hate to say but told ya so impact was headed lower lol..
    .83 portion of my tranche was filled. Waiting for .81 .74 70% probability and than up we go.

    I’m quite sure .81 gets filled..

    My red candle for the month on gold is intact..

    Gold update tonight stay tuned.


    • On August 24, 2020 at 12:54 pm,
      Matthew says:

      I don’t think anyone ever said it couldn’t go lower but I did say to watch .87 and .81
      It’s still a long ways from your .74 and will probably have get there tomorrow if it is going to at all.

      Experience should tell us that speaking in absolute terms about future action is not a good idea, especially regarding the short term.

  22. On August 24, 2020 at 1:18 pm,
    Bill says:
    • On August 24, 2020 at 2:08 pm,
      Matthew says:

      A sub of Chan’s on another site reported that he made some bad calls in the recent move up but his simple approach is generally good. Yes, most of the sector is objectively on sell signals based on the daily chart MACDs but that is always the case at a low. You can wait for the buy signals and miss a significant part of the next rise or you can look at other factors and methods to improve your entry.
      I’d say the downside risk for GDXJ right here is just over $1 but the upside could be $30 (before a significant, multi-month top).

      • On August 24, 2020 at 2:21 pm,
        Bill says:

        I dont follow Chan much…just thinking hes correct now.
        We had a hell of a run…COs that went nuts on a super spike are pulling back more then less volitile companies. Provides opportunity… Market as a whole i think your correct Matthew

    • On August 24, 2020 at 5:25 pm,
      Excelsior says:

      Gold Market Update – upside breakout and advance to new highs looking imminent…

      Clive Maund – Sunday, August 23, 2020

      “For those who expect gold to keep going up nonstop the past few weeks have been disappointing, but for more experienced investors and traders who like to “keep one foot on the ground” the pullback of the past few weeks across the sector is a blessing – let me proceed to show you why.”

      “On the latest 6-month chart for gold we can see that it broke out to new all-time dollar highs and then above the “magic” $2000 level early this month, a development that brought forth a plethora of bullish articles and prognostications as you would expect, sucking in the less experienced at a top as usual. Gold’s action in doing that was actually very bullish, but as it did it at the end of a steep unbroken rally that resulted in it becoming extremely overbought, it needed to stop for a rest, and it has taken a rest over the past few weeks.”

      “Gold’s corrective action since its early August peak is actually as bullish as its breakout to new highs and above $2000, for we can see that the reaction has taken the form of a fine bull Pennant that has gone a long way towards working off the earlier overbought condition. No technical damage whatsoever has been caused by the 2 declines within this Pennant – on the contrary, it has been accompanied by a very bullish volume pattern, which is why the Accumulation line, shown at the top of this chart, has risen to new highs as the Pennant has formed, which is a most auspicious indication. With the price now not far above its rising 50-day moving average, the MACD histogram (blue bars) well into a negative reading and the Pennant closing up, the time looks right to gold to break out upside into another upleg and here it is worth noting that many PM stocks are on the point of upside breakouts, which is why we have been piling into them in recent days.”

  23. On August 24, 2020 at 1:19 pm,
    Marty says:

    For All the Jaguar devotees the high today 8/24 was .6666 US, OF COURSE

    • On August 24, 2020 at 1:49 pm,
      Excelsior says:

      Yeah I saw that on the low/high levels for JAG and chuckled.

      • On August 24, 2020 at 1:54 pm,
        Excelsior says:

        Correction on JAGGF. High in JAG $.86 on the day. Collect them both…

  24. On August 24, 2020 at 1:37 pm,
    David says:

    Some where in these posts you indicated that we may get some up movement in the metals despite there is a Fed Meeting virtually. You are probably right. I just hate to even allow them to meet or talk about anything. But, what can they do to affect PMs but something positive. They can’t much lie anymore. They can’t remove the debt, they still want to inflate and ruin the dollar…and they probably want to do negative interest rates. But, then Trump wants a never ending upside on the stock market as nothing else about the economy is working for him…he particularly wants to do a rant all this week . The end result is probably a little action today to continue the correction and some where during the week they will throw the PMs a bone and we can get on to September and our RALLY.

    • On August 24, 2020 at 1:58 pm,
      Matthew says:

      David, I agree. The Fed’s actions as well as those of Trump and virtually all other politicians will ultimately send gold much higher.
      It would be fantastic if they weren’t allowed to meet or talk about anything.

  25. On August 24, 2020 at 1:39 pm,
    cfs says:

    I don’t see why a bond can’t be posted, say equal to 10 years worth of salmon fishing profits, which would still be small compared to the value of the gold.

  26. On August 24, 2020 at 2:09 pm,
    Blue says:

    Comstock mining (Lode) had a great earningsreport and had a great breakout. Now it backtested the breakout and is ready to blast of again. What do you think of this miner?

    • On August 24, 2020 at 2:48 pm,
      Excelsior says:

      Hey Blue – good to see you posting again. I used to own LODE Comstock, but sold out a while back when they paid off debt and sold some real estate and then sold a project to Toma Gold (sp?) Our resident expert on Lode is now Buzz, so maybe he’ll see this and respond.

    • On August 24, 2020 at 2:49 pm,
      Excelsior says:

      Hey Blue – good to see you posting again. I used to own LODE Comstock, but sold out a while back when they paid off debt and sold some real estate and then sold a project to Toma Gold (sp?) Our resident expert on Lode is now Buzz, so maybe he’ll see this and respond.

      • On August 25, 2020 at 5:13 am,
        Blue says:

        Hi Ex!
        I was just curious. It seems the stock is being on fire, crazy volatility. Maybe the last earningsreport was the trigger. Anyway I might go for the ride😄

  27. On August 24, 2020 at 5:39 pm,
    Excelsior says:

    For those following the Copper stocks, there was simply massive volume today (3.14 Million shares traded) in Regulus Resources compared to it’s normal trading of 59,000 shares. Eric Coffin opines on the potential cross sale:


    @HRA-Coffin – “Definitely looks like something got cleared out based on the size and non-round amount of stock that got crossed. The dip in front of it is pretty normal. It would have been a pre-arranged trade at a pre-arranged price. Haywood probably had a limit sell order, with the limit set at the price of the cross, so they would have hit all the bids on the way down until they got to the price of the cross. No idea if the account that just got cleaned out has been the longer term seller but someone obviously believes that, given how the bids built up as soon as that trade cleared. $REG”