David Erfle - Gold Market Commentary – Tue 25 Aug, 2020

Where is the next catalyst for precious metals and thoughts on investing in the Golden Triangle

Dave Erfle wraps up today’s editorials with a look at the precious metals correction and some possible catalysts to end the current correction. We also take a look into the Golden Triangle and all the money that has been raised and all the exploration that is starting up. Please send me your thought on the Golden Triangle and any companies you really like in the area.

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Comments:
  1. On August 25, 2020 at 6:24 pm,
    Excelsior says:

    (SBB) (SGSVF) Sabina Gold & Silver Provides Update on Advancement of its Back River Gold Project

    @nasdaq on 25 Aug 2020

    “Since the feasibility, Sabina has been able to make great progress in advancing the Goose Project towards a production decision,” said Bruce McLeod, President & CEO. “As we waited for the capital markets to improve to be able to finance the Project, we focused considerable activity on identifying opportunities that we believe will significantly de-risk and enhance the project. The Back River Project benefits from a large resource base: only 2.5M oz of a 5.1M ounce measured and indicated resource has been converted to reserve. We have also made new discoveries since during this time that have demonstrated the potential for resource expansion and have highlighted the high-grade nature of our deposits. Given this significant resource optionality, internal studies revisiting mine sequencing have demonstrated strong opportunities to significantly increase the production profile at a similar through-put which at current long- term gold prices, could positively impact overall project economics.”

    “While we push forward on our detailed engineering, our continued drilling will enable us to complete an updated resource estimate, with an updated feasibility study to follow in Q1, 2021. Additional infill drilling may be undertaken during next year’s drilling season to inform further resource updates later in 2021. We are also very encouraged by the improvement in market sentiment and are well positioned to take advantage of an appropriate project financing window at any time.”

    https://www.sabinagoldsilver.com/news/sabina-gold-and-silver-provides-update-on-advancement-of-its-back-river-gold-project

  2. On August 25, 2020 at 6:34 pm,
    Excelsior says:

    ( PRG) (PREIF) Precipitate’s Copey Hill Zone Returns Additional High-Grade Rock Samples up to 17.0 g/t Gold at Ponton Project, Dominican Republic

    August 25, 2020

    “After recently reporting a 53.0 grams per tonne (“g/t”) gold-in-rock sample* from the Copey Hill Zone (see Company news release dated July 21, 2020), field crews returned to the vicinity to conduct additional detailed infill sampling in the surrounding area where the latest 73 rock samples returned multiple additional high-grade gold and silver results*, including individual highlight values up to 17.0 g/t gold and 37.0 g/t silver with a total of 30 rock samples ranging from 0.5 g/t gold to 17.0 g/t gold.”

    https://ceo.ca/@newsfile/precipitates-copey-hill-zone-returns-additional-high-grade

    • On August 26, 2020 at 7:23 am,
      Excelsior says:

      (JAG) (JAGGF) Jaguar Mining Announces Strategic Option Agreement with (IMG) IAMGOLD

      @accesswire on 26 Aug 2020

      “Jaguar Mining Inc. is pleased to announce that it has signed an option agreement with IAMGOLD Corporation on a package of 28 exploration tenements covering an area of some 27,141.75 Ha in the prolific Iron Quadrangle, located in Minas Gerais, Brazil. The Iron Quadrangle Agreement stipulates that Jaguar has the option to earn an initial 60% interest in the Package by spending $6.0 million in exploration expenditures over four years commencing in the third quarter of 2020. Jaguar will be the project operator and will be subject to oversight by a technical committee with representatives from both companies.”

      https://ceo.ca/@accesswire/jaguar-mining-announces-strategic-option-agreement

      • On August 26, 2020 at 7:24 am,
        Excelsior says:

        JAG’s 10:1 share rollback is slated for tomorrow morning, so that will tighten up the share structure moving forward.

  3. On August 25, 2020 at 7:32 pm,
    cfs says:

    Published: August 26, 2020 02:28 AM UTC
    Silver Elephant New Triunfo Project Showcase 94 Meters Grading 0.95 g/t AuEq.

  4. On August 25, 2020 at 9:24 pm,
    cfs says:

    Greg Hunter talks Fed Reserve with Martino-Both:

    https://www.youtube.com/watch?v=kxg_hvQ7P_8

  5. On August 25, 2020 at 9:25 pm,
    cfs says:

    oops diMartino-Booth

  6. On August 25, 2020 at 10:26 pm,
    Excelsior says:

    Europe’s Wake-Up Call, The Dollar’s Destiny, & Bitcoin’s Bull Run (w/ Raoul Pal and Ash Bennington)

    Real Vision TV – Aug 21, 2020 #VIDEO

    https://youtu.be/TndTH61HQ-4

    • On August 25, 2020 at 10:29 pm,
      Excelsior says:

      The Ultimate Masterclass for Macro Investing (w/ Raoul Pal & Diego Parrilla)

      Real Vision TV – Aug 25, 2020 #VIDEO

      “Diego Parrilla, portfolio manager and author of “The Anti-Bubbles” and “The Energy World,” returns to discuss his poignant predictions that are coming to fruition one-by-one in this conversation with Real Vision CEO and co-founder, Raoul Pal. As well, Parrilla gives a master class on how he has developed his own macro framework and the subsequent portfolio construction and management that has served him extremely well both before and after the March crash. After establishing his current outlook, Parrilla focuses on the 5% of his portfolio dedicated to finding outsized returns using options and what he calls the goalkeepers of your portfolio.”

      https://youtu.be/z83Rd160YGs

  7. On August 26, 2020 at 7:29 am,
    Glenfidish says:

    Matt, ex

    I think there is a strong probability today puts in the bottom.. .74 impact about to be filled in 🙏lol.. so far .76

    See you guys later

    • On August 26, 2020 at 7:36 am,
      Excelsior says:

      I believe you’ll be correct there Glenfidish. Usually the few days in front of fedbabble the miners sell off, and Jackson Hole is tomorrow. Also Impact Silver is quite oversold here and has a long chain of red candles, after breaking below the gap and trendline resistance off the forks. Matthew posted a good chart yesterday showing the 89 day EMA around $.75 that may offer good support, as well as the $.74 level right below that (which is the 50% retracement of the move from March to July).

      Looks like today is a good place to finish loading up on IPT. I bought some yesterday at $.79 and may add just a little more down here, as I believe things may pop tomorrow afternoon and Friday in the PMs.

      Ever Upward!

      • On August 26, 2020 at 7:47 am,
        Excelsior says:

        I added some IPT at $.77 and that’s good enough for me, and that move Impact Silver to my largest position now, but if it goes on a big run, I’ll lighten up at higher levels, as I like my biggest position to be a larger more stable Mid-Tier producer (which was Silvercorp – now in 2nd position). Earlier in the year I used both Coeur and Argonaut Gold as 1st positions, but I’ve trimmed those back down some in favor of adding more to the Junior producers, developers, and explorers during drill season.

      • On August 26, 2020 at 9:05 am,
        OOTB Jerry says:

        Fed Babble is correct…….they only have one game……PRINT…….
        Gold going HIGHER…….

        • On August 26, 2020 at 9:12 am,
          Excelsior says:

          Agreed OOTB. Check out the Video interview with Greg Hunter and Danielle DiMartino Booth I posted on the Chris Vermeulen blog today. She nails their nonsense.

          • On August 26, 2020 at 9:17 am,
            OOTB Jerry says:

            I listened to her the other day…. on another station….

          • On August 26, 2020 at 9:18 am,
            OOTB Jerry says:

            I will go and check it out…. making sure I have not missed anything….

          • On August 26, 2020 at 9:21 am,
            Excelsior says:
    • On August 26, 2020 at 9:05 am,
      Matthew says:

      I picked more today at an average price of .7707 and it looks like .74 is off the table.

      • On August 26, 2020 at 9:12 am,
        Excelsior says:

        +77

        • On August 26, 2020 at 10:38 am,
          Charles says:

          I picked up some more this morning when everything was up but IPT was down. Now firmly in the green. Two thumbs up guys! I am now locked and loaded with IPT!

          • On August 26, 2020 at 1:28 pm,
            Excelsior says:

            Very well done Charles. 👍👍

            Yeah this morning looks like it was the bottom, and it was quite a nice move higher for the balance of the day, closing up 20% to $.94

      • On August 26, 2020 at 1:57 pm,
        Glenfidish says:

        Well I nailed the bottom today :).. as stated above..geeze we have heavy weights in here. All should consider the stars and prospects in here and At least buy them a cold beer lol..

        .74 never came but no crying here..30% tranche of my money was purchased at an average price of .80

        All good.. I still have 70% on side for rainy day

        • On August 26, 2020 at 2:27 pm,
          Excelsior says:

          Thank goodness you got it Glenfidish. I was worried you were holding out until $.74 and missed the move higher today. Well, today was the bottom so good call.

          • On August 26, 2020 at 4:27 pm,
            Glenfidish says:

            Ex,

            Yes for sure. I mean i missed a chance at .74 but was wise enough to purchase at .81 . 78..

    • On August 26, 2020 at 1:59 pm,
      Glenfidish says:

      Great job glen 👏👏👏👏🙌👊😀

      Can I get a glen glen can I get a glen glen lol

      Good job all around boys.. to all let’s make mula..

      • On August 26, 2020 at 2:26 pm,
        Excelsior says:
        • On August 26, 2020 at 2:30 pm,
          Excelsior says:

          Yes… let’s all make some mo money….

          Money – Pink Floyd

          https://youtu.be/cpbbuaIA3Ds

          • On August 26, 2020 at 3:36 pm,
            Matthew says:

            Money (that’s what I want)
            https://youtu.be/oFzL0X9pLNA?t=10

          • On August 26, 2020 at 4:31 pm,
            Glenfidish says:

            Jaja nice one Matt and ex..

            It’s always calming to know you guys are not sweating it with gold and it’s corrections.. couldn’t think of a better place to be.

            Cheers mates

  8. On August 26, 2020 at 6:16 pm,
    Charles says:

    Couldn’t agree more! Thanks Glen. You helped me to practice a bit of patience and it paid off nicely today!

  9. On August 29, 2020 at 1:46 am,
    David says:

    Anyone interested in Silver bull (SVB)?
    Has two projects with an NPV over 2 billion and a market cap of 40 million.
    400 moz silver eq at Sierra Mojada, one of the world’s largest silver assets and over 20 moz gold eq in Kazakhstan.