Dana Lyons Commentary – Fri 6 Nov, 2020

Post election moves in the VIX, yields and gold need to be noted

Dana Lyons, Fund Manager kicks off today by noting some of the key moves in volatility, bonds and gold over the past couple days. Two weeks ago Dana offered a free report on the VIX and so far it is moving in the precise direction he forecasted.

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Comments:
  1. On November 6, 2020 at 6:05 am,
    OOTB Jerry says:

    Gold looking goooooood today….Friday…..going into the weekend, and who knows what could happen……$1960 …..JMO

    • On November 6, 2020 at 8:18 am,
      Excelsior says:

      Gold is at $1953 at present, and Silver up to $25.54. Yes, the PMs are looking good.

      https://www.investing.com/commodities/real-time-futures

      • On November 6, 2020 at 3:47 pm,
        OOTB Jerry says:

        Ex…..notice the time date….we were 2 hours apart…..early bird catches the worm…lol….. ๐Ÿ™‚

        • On November 6, 2020 at 5:30 pm,
          Excelsior says:

          Haha! For sure. I was just confirming where the price was at that time, and that it backed up your statement, but yes, the early bird catches the worm. ๐Ÿ˜‰

          https://th.bing.com/th/id/OIP.xlRScee5AQu1MjRTpnksUQHaE7?pid=Api&rs=1

          • On November 6, 2020 at 5:52 pm,
            OOTB Jerry says:

            Thank you kind sir,…….I need a lot of backup…… ๐Ÿ™‚

  2. On November 6, 2020 at 7:29 am,
    Dick Tracy says:

    Silver Tiger Metals (SLVR) is breaking out this morning, now up 17.24%. There must be drilling news soon, possibly Monday or Tuesday. DT

    • On November 6, 2020 at 8:00 am,
      Excelsior says:

      Nice to see with Silver Tiger today DT.

      Here’s some new coverage on it that may be supporting the buying:

      ________________________________________________________________________

      (SLVR) (SLVTF) Silver Tiger Metals Inc.
      Itโ€™s the Eye of the Tiger, itโ€™s the Thrill of the Drill. Initiating Coverage of a High-Grade, Bonanza Potential Growth Story

      Echelon Capital Markets – Nov 2, 2020

      “Initiating Coverage of a Bonanza Potential Resource Growth Story: We are initiating coverage of Silver Tiger Metals with a Speculative Buy rating and $1.30/shr price target. The Company is drilling its 100% owned El Tigre silver/gold project in northern Mexico, which currently hosts an 84Moz AgEq (1.0Moz AuEq) resource. We see significant resource expansion and share appreciation potential over the next 12 months as the Company drills the propertyโ€™s Protectora and Fundadora-area northern vein extensions which in 2017 returned as much as 2,749g/t AgEq.”

      http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1fq5hoo-Echelon_Initiation-3.pdf

  3. On November 6, 2020 at 8:12 am,
    Excelsior says:

    Another advanced Silver explorer/developer that has been doing well this year in my portfolio is Defiance Silver. Now Quinton Hennigh is helping their technical team and has taken a large position along with the Crescat Capital team into DEF.

    _______________________________________

    Crescat Gets Activist on Gold #11 – Defiance Silver Corp ($DEF.V) ($DNCVF)

    Streamed live on Oct 22, 2020

    https://youtu.be/BQMAgyZj6ZY?t=740

    • On November 6, 2020 at 8:21 am,
      Excelsior says:

      Defiance Silver has also beefed up their team lately with some new talent, after having cashed up earlier in the year. I’m interested to see how their team approaches exploration over the next 12-18 months to move things along.

      Bob M. stated years ago that there is high grade silver all over that Zacatecas Silver District land package in Mexico, but now they have the team and the funds to really “dig in.”
      ________________________________________________

      (DEF) (DNCVF) Defiance Strengthens Management Team With New Appointments

      November 5th, 2020

      https://www.defiancesilver.com/news/defiance-strengthens-management-team-with-new-appointments

  4. On November 6, 2020 at 8:40 am,
    Excelsior says:

    There is another interesting opportunity today with Galiano Gold (formerly Asanko), selling off on their operations report, but they explained in advance this would be the case. I’m happy to accumulate more shares here as they have a very clear path forward.

    Q3 was the end of the lower grade Nkran Cut 2, mixed with an investment into their 2 new pits (Esaase & Akwasiso). The lower grades and higher costs for last quarter was telegraphed in advance in a few different interviews and press releases, but it’s selling off regardless. I see the present weakness in shareprice on the Q3 results as a good buying opportunity for a better Q4 and stellar 2021 in front of the $GAU team.

    ______________________________________________________________

    > From yesterdays operation update:

    Galiano Gold Reports Q3 2020 Results

    Nov 5, 2020

    “Coming into the second half of 2020 with very strong production and all-in sustaining cost performance, we expected production to decrease and unit costs to increase in the second half as the mine shifted to a lower grade production mix after the depletion of Nkran Cut 2 late in Q2,” said Greg McCunn, Chief Executive Officer. “For the balance of 2020, ore will be sourced from the Esaase and Akwasiso pits, augmented with run of mine stockpiles. This quarter was an investment quarter where the Esaase and Akwasiso pits were developed and optimised for sustainable ore production in Q4 and beyond which put pressure on all-in sustaining costs. With the continued strong gold price environment, the mine generated cash from operations in excess of $18 million allowing it to fund pit development as well as its ongoing exploration programs.

    “The focus on exploration in Q3 was delineating and expanding upon known mineralization at the highly prospective Miradani targets and to confirm and improve confidence in the Mineral Reserve Estimate for the third phase of mining at Nkran and to test the extent of mineralization below the proposed Cut 3 pit shell.”

    https://s24.q4cdn.com/325379252/files/doc_financials/2020/q3/20201106_NR_Financial-Q3-Results_FINAL.pdf

  5. On November 6, 2020 at 9:04 am,
    b says:

    โ–ช Mined a total of 75,415 tonnes of ore, processed 54,889 tonnes of ore at an average
    grade of 676.9 g/t of silver, producing a total of 1,034,282 ounces of silver;

    Drilling Highlights

    Initial results for the first 210 metres of infill diamond drilling contains 23.5 m of significant silver intersects (>200 g/t Ag and greater than 0.5 m) including:
    3,054 g/t Ag over 0.8 m in C_01_2018 from 6.2 m
    1,895 g/t Ag over 0.6 m in C_01_2018 from 8.0 m
    4,101 g/t Ag over 2.9 m in C_03_2018 from 22.0 m
    4,617 g/t Ag over 2.0 m in C_04_2018 from 37.5 m
    4,008 g/t Ag over 2.2 m in C_04_2018 from 41.5 m
    2,049 g/t Ag over 0.8 m in C_06_2018 from 43.2 m

    I thought that was pretty good for 16 cents a share and when I saw Putin open the mine, that was the clincher, I had to own some shares. ๐Ÿ˜‰

  6. On November 6, 2020 at 9:06 am,
    b says:

    lol, I forgot to mention the name Silver Bear.

    • On November 6, 2020 at 9:18 am,
      David says:

      I owned at one time. Good grades but over 700 mil shares diluted…plus Russia. I hope they do well.

  7. On November 6, 2020 at 11:42 am,
    cfs says:

    2020-11-06 09:00 ET – News Release
    HIVE Blockchain Increases Bitcoin Mining Production Immediately with the Purchase of 1,240 Next Generation Miners While Upgrading its GPU Chips to Mine Ethereum in the Cloud
    Canada NewsWire

    VANCOUVER, BC, Nov. 6, 2020
    VANCOUVER, BC, Nov. 6, 2020 /CNW/ – HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (OTCQX: HVBTF) (FSE: HBF) (the “Company” or “HIVE”) is excited to announce the purchase and immediate hashing of 1,240 MicroBT WhatsMiner M30S miners with an aggregate operating hash power of 113 Petahash per second (PH/s) as it continues to expand its bitcoin mining operations.