Hour 1 – This hour is for the junior resource investor – Featuring Joe Mazumdar, Adrian Day, and John Kaiser
This weekend’s show is for everyone who is investing or looking to invest in junior resource stocks. I spend time looking at the sector overall and driving down to individual companies with news on tap.
- Segment 1 and 2 – I spend an extend two segments with Joe Mazumdar. It’s been a few months since I had him back on the show so we start with broad gold and silver comments then we move to where he sees value in gold vs silver stocks. Joe also shares a few companies he is waiting on news out of and the renewed interest in battery metals.
- Segment 3 – Adrian Day is up next with comments on the precious metals stocks and where he sees value between larger vs smaller gold producers. We also discuss copper and oil in terms of possible investing opportunities.
- Segment 4 – John Kaiser wraps up the hour with a recap of financing that will come free trading in the near term. We balance this out with news that is on tap and the recent downtrend in share prices.
Exclusive Company Interviews This Week
- Novo Resources – Recapping the news from September and updating work at the Millennium Mill and Egina
- Eclipse Gold Mining – Webinar Replay
- Newcore Gold – A focus on the Enchi Gold Project in Ghana, with a 1.2mil oz gold resource and an 8,000 meter drill program ongoing
- Auryn Resources – New Committee Bay Targets Outlined, an 80,000 meter Drill Program Planned, and Updates on Fury Gold Mines
- Aztec Minerals – Webinar Replay – A Dive Into The Initial Drill Results From The Tombstone Property
- Kuya Silver – Introducing a near term silver producer in Peru
- Enduro Metals – Exploration update – A look into the specific targets being drilled in this program
- Nova Royalty – A new royalty company focused on cooper and nickel with 14 royalties
- Great Bear Resources – Follow up on recent drill results and new analyst coverage from large institutions
Thanks for the discussion of battery metals. Please do more of them.
Thanks for bringing Adrian Day here.
Joe‘s comment on Canadian juniors with low price options that are regularly sold was interesting. I was also observing this behavior for some and noted it as a red flag.
I think we need to test 1800 in gold to be able to build the next wave higher to 2200+.
My worry is that we had little correction and we are just going to trade in tight range and grind sideways until it’s moving average catches up. That scenario could cause a bigger correction after next move up, I like to see that deeper correction to 1800 or upper 1700 now and get the big run up next year and hold with smaller correction on profit taking.
Paul, you’re probably right on about the moving averages catching up. The key ones are the weekly averages. As I’ve mentioned in the past in early August I expected this correction. Your comment about the moving averages was one reason along with the fact as mentioned that we were on the cusp of 5 months of higher closing highs. Another factor is that the monthly MACDs were approaching previous highs in the past. All those reasons were why the prediction was made of an impending contraction and that we wouldn’t see highs challenged again until the end of the year or even into 2021.
David Govett, a veteran precious metals trader concluded: “Covid-19 cases are on the rise, governments are starting to panic again, economies are facing down the barrel of a second lockdown. All in all, it should be a perfect storm for gold. There’s too much uncertainty in the world to be short gold.”
Get it while you can……………JMO
Gold is showing signs of restiveness, when October came the advance in prices has begun once more. The Federal Reserve is beaten, gold has only one way to go in the short, medium, and long term (five years) and that is up. How it gets there maybe two steps up and one step down, but the future as I see it is higher. DT
BIG DITTO ON THAT ONE>>>>>>>>>DICK
Managed Money Still Liquidating Gold Positions
As always, we must look at the numbers in the context of a fight between the bullion banks and the speculators. The bullion banks are the Swaps, and they are net short 189,336 contracts worth $36 billion. They are desperate to reduce this position, and normally they would do this by scaring the hedge funds (Managed Money) into closing their longs. But they are not playing the game, having increased their net longs by nearly 13,000 contracts, not by closing their longs by much, but mostly by closing their shorts. The hedge funds are now ducking out of the contract.
What’s the name of the company Adrian mentioned, sounds like “Allen Mantle”, but I can’t find anything like that? Thanks!
Charles…….Elemental Royalty. The three small royalties he is buying are NSR, RLE & EMX
Here is the link to the loooong story…..
oop’s typo ELE
Another good set of interviews Cory.
Thx for the show.
great line=up this weekend – bam! bam! bam!
three of my favorites
Thanks Big Al and Cory for a great program…good regardless of the presence of John Kaiser with his usual boiler plate.
Nice to have a day where the mining posts outnumber politics. Thanks again.
you know, I’m listenin to this here, and I feel almost like I’m back in Chattanooga – it must be Millah time
From Nashville, I suggest you listen to Greg Hunter with Bo Polny
excellent suggestion Mr. cfs – the ‘Dog always innerestin and informativ
Almost time to buy buy buy
RE: Bluestone Resources (BSR.V)
The Cerro Blanco underground low sulfidation epithermal precious metal project is located in Guatemala. I inadvertently said Ecuador as I mixed it up with Lundin Gold (LUG.T) Fruta del Norte mine, which is in Ecuador.
Apologies for any confusion.
As always great week of info and comments gentlemen…… was nice to be reminded of trilogy for a copper play. I keep forgetting about it…… at the same time it’s still humorous that kaiser and mazumdar missed the boat with kodiak. Kaiser is definitely bitter about it. Lol
Cory, thanks for bringing back Joe and John.
Always like to hear what they have to say