Joel Elconin - Benzinga Pre-Market Prep Show – Tue 3 Nov, 2020

Market moves on election day – Everything is moving higher

Joel Elconin joins me on election day in the US. The markets are all moving higher outside of the US Dollar. We discuss why these moves are coming on election day and what we can expect post-election. Gold is covered at the end in both a short and long term sense.

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Comments:
  1. On November 3, 2020 at 11:48 am,
    Excelsior says:

    $NSR $NSRXF Nomad Royalty Company
    #Royalties #Streaming

    • GROUND FLOOR OPPORTUNITY A RARE OPPORTUNITY IN THE SECTOR
    • 100% $GOLD AND $SILVER EXPOSURE
    • STRONG AND IMMEDIATE CASH FLOW 6 CASH FLOWING ASSETS
    • ROBUST AND ACTIONABLE PIPELINE OF OPPORTUNITIES
    • ATTRACTIVE VALUATION RELATIVE TO PEERS BUY:NSR

    https://img1.wsimg.com/blobby/go/adb7d1e4-239e-427f-b020-bff16697f965/Nomad%20-%20Investor%20Presentation%20-%20Oct%208%202020.pdf

    • On November 3, 2020 at 12:14 pm,
      David says:

      Second buy for Nomad. Looks like it did a correction and is getting going again.

      • On November 3, 2020 at 12:52 pm,
        Excelsior says:

        Good luck with Nomad David. It had a nice surge from August into September, where I lightened up a bit, but now it has had a reasonably solid pullback so I’m starting to add again here.

        I’m way behind on research, and was listening to Crux investor interview with the Nomad from September, where they were discussing the $800+ Million market cap with their 5 producing royalties, and when I looked today it was only around $640 Million market cap, but they’ve gone from 5 producing royalties to 6 producing assets. Go figure. (?)

        • On November 3, 2020 at 1:13 pm,
          David says:

          I looked back at my records and looks like I bought Nomad late August and held less than 2 weeks for a gain. I have kept it in the back of my head since there was a lot of empty space there, and your post reminded me I had made a profit and still was interested. In any event back in cheaper with the same shares. I will be glad when we get another run so I quit tweaking everything and make some real decisions.

          • On November 3, 2020 at 1:38 pm,
            Excelsior says:

            I bought Nomad on Aug 24, sold it on Sept 23, but added a small amount back on Sept 24. I added another tranche on Oct 8 &13, and added more today. I’d add some more if it keeps pulling down in market cap, as they have 2-3 year goal to be a 1.5-3 Billion market cap company, and with their pipeline of projects, and goal to acquire other royalties and potential other royalty companies, then I’ve very comfortable accumulating, just like I am with my other royalty companies (Metalla, Maverix, Sailfish, Golden Valley). I’m still eyeing EMX, Ely, VOX, Elemental, Riverside, Anglo Pacific, Altius, Trident, and Orogen as well. They are more tortoise “slow and steady wins the race” type of positions in my portfolio, versus the hares (explorers, developers/near-term producers, and small producers with exploration upside).

  2. On November 3, 2020 at 1:48 pm,
    David says:

    I am down to Ely, Riverside and…Nomad. I have been using them to add to some of those I hope will be hares like freegold, Silver Tiger, Summa, Blackrock and Novo. Ely holding some real property tax payment I need to pay… but I am hoping Ely will go back up before the end of the year to offset some of the tax so I feel better when paying.

    • On November 3, 2020 at 5:17 pm,
      Canuckski says:

      For royalties, I’ve got Ely, EMX, Sailfish, Maverix and (sadly) a small bit of Riverside. I say sadly because I’ve held Riverside a long time and finally downsized my holding a year ago because it was doing little for years. Was thinking about taking a position in Metalla. I’ll look over Nomad. Thanks.