David Erfle - Gold Market Commentary – Tue 1 Sep, 2020

Is silver setting up to lead the precious metals higher?

Dave Erfle joins me today to outline why he thinks silver is due for a strong move higher. Even though the broad precious metals sector is relatively slow right now there are a number of fundamental and technical factors that are bullish. We outline these factors as well as the types of silver stocks Dave likes.

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Comments:
  1. On September 1, 2020 at 5:12 pm,
    Excelsior says:

    Silver Takes The Leadership Baton- Next Stop Is Above $30 Per Ounce

    Aug. 31, 2020 – Andrew Hecht

    https://seekingalpha.com/article/4371755-silver-takes-leadership-baton-next-stop-is-above-30-per-ounce

  2. On September 1, 2020 at 5:34 pm,
    Excelsior says:

    Silver is now trading like a currency; look for higher prices – Kootenay Silver CEO

    Kitco News (09/01/2020) #VIDEO

    “Silver has seen significant momentum in the last two months as it is now outperforming gold. One mining executive said that all-time highs are not out of reach for the precious metal with this strong tailwind.”

    “In an interview with Kitco News on the sideline of the Mines and Money Online Connect global virtual mining conference, Jim McDonald, CEO of Kootenay Silver, said that unprecedented loose monetary policy around the world would continue to drive precious metals higher. He added that silver’s all-time high around $50 isn’t even the full target.”

    https://youtu.be/YBW5w1TdkEc

  3. On September 1, 2020 at 6:39 pm,
    Excelsior says:

    Good interview Cory & David. I generally agree with David’s criteria, except I wouldn’t limit it to companies under 100k shares as that knocks many great choices out, and share count isn’t nearly as important as market cap valuations compared to peers. There are plenty of N. American miners with 200k-800k shares or Aussie miners with 400k – 1 billion+ shares that are still fantastic companies.

    Also as far as Silver Producers there are about 20 and have been that many for years. The only new Silver producer in the last few years was Silver Bear, and Bayhorse is going to be producer #21, and is ramping up mining and processing towards commercial production.

    Alexco, Aurcana, and Mag Silver will be Silver producers #s 22, 23 & 24. (and technically Alexco and Aurcana were already priducers in the past cycle).

    • On September 1, 2020 at 6:44 pm,
      Excelsior says:

      Most “Silver” producers are polymetallic and produce Silver along with Lead/Zinc/Copper or they have acquired Gold assets. That is the nature of the geological beast.

      • On September 1, 2020 at 6:48 pm,
        Excelsior says:

        Silvercrest will be Silver producer #25 slated for 2022. SILV will be next into production, after Bayhorse, Alexco, Aurcana, and Mag Silver get into production by year end (or definitely by 2021).

        • On September 1, 2020 at 6:52 pm,
          Excelsior says:

          Vizsla could be Silver producer #26 later in 2022 if they fast-track their project and option on the already permitted and built mill, but it will like be after Silvercrest gets their project into production as producer #25.

          • On September 1, 2020 at 6:58 pm,
            Excelsior says:

            After that it will be the Silver optionally plays like Bear Creek, Discovery Metals, Southern Silver, Silver Bull, Kootenay, Orex, Dolly Varden, Minco that make it into Silver production 2023 and beyond.

          • On September 1, 2020 at 7:04 pm,
            Excelsior says:

            Silver One may make it into production in 2022 as well, and Silver Tiger or Metallic Minerals may fast track their projects for 2023 if they keep hitting bonanza grades, but I believe both will get acquired prior to production.

            Ever upward!

    • On September 1, 2020 at 7:28 pm,
      Canuckski says:

      Thanks for laying those out Ex. I was wondering where there was an up-to-date list of the next half-dozen or so silver producers expected to be coming online. Your lists with accompanying dates is appreciated. Thanks.

      • On September 1, 2020 at 11:33 pm,
        Excelsior says:

        Thanks Canuckski. These near-term silver producers and other developers are an interesting subsector of the Silver stocks, and their projects valuations should be going much higher with the rising metals prices, as their economics are radically better now at $26-$29 Silver than where they were at $16-$19 Silver.

  4. On September 1, 2020 at 7:36 pm,
    David says:

    Blackrock Gold is looking good so far.

  5. On September 2, 2020 at 9:21 am,
    cfs says:

    BENCHMARK DRILLS 31.00 METRES OF 3.89 G/T GOLD EQUIVALENT
    NEAR SURFACE
    Edmonton – September 2, 2020 – Benchmark Metals Inc. (the “Company” or “Benchmark”) (TSX-V:
    BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) – is pleased to announce results for the first phase of drilling
    at Cliff Creek including drill hole 20CCDD011 which intersected three discrete zones (Table 1) including:
    • 31 metres (m) of 2.98 grams per tonne (g/t) gold and 72.77 g/t silver or 3.89 g/t gold equivalent*
    (AuEq);
    • 6 m of 6.95 g/t gold and 280.67 g/t silver or 10.45 g/t AuEq; and
    • 12.85 m of 2.20 g/t gold and 67.23 g/t silver or 3.04 g/t AuEq near the bottom of the hole.

  6. On September 2, 2020 at 9:23 am,
    cfs says:

    Step-out drilling intersects 45.86 g/t Au over 2.10 m, 21.29 g/t over 2.00 m and 17.90 g/t over 2.15 m in a third potential high grade trend 900 m east of the old O’Brien Mine
    2 SEPTEMBER 2020
    PRESS RELEASES
    Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Company”) is pleased to announce significant high-grade gold intercepts from the ongoing 60,000 m exploration drill program at its O’Brien gold project located along the Larder-Lake-Cadillac Break, halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada.

  7. On September 2, 2020 at 9:31 am,
    cfs says:

    Essex drills 6.4 m of 18g/t Au, 160g/t Ag at Cumberland

    2020-09-02 05:40 ET – News Release

    Mr. Paul Loudon reports

    ESSEX DRILLS HIGH-GRADE GOLD AND SILVER ON AUSTRALIAN PROPERTY: 18.8 g/t Au AND 160.6 g/t Ag OVER 6.4 METRES

    The first-ever drill program on Essex Minerals Inc.’s Cumberland gold-silver joint venture project in Queensland, Australia, has intersected high-grade gold and silver mineralization.

  8. On September 2, 2020 at 9:34 am,
    cfs says:

    That news had impact!
    Essex Minerals Inc (ESX.VN)
    0.680 +0.260 (+61.90%)