Updated outlook for gold and uranium

December 7, 2020

Doc is with us today to share his updated thoughts on gold’s bounce back from the $1,760 region and why he thinks Uranium stocks are still at attractive prices.

    Dec 07, 2020 07:02 PM

    On uranium, I think I first heard the “rip your face off bull market” over three years ago.
    Made a few $ on UEC but eventually got out. Most recently, I have bought back into DNN. Think Doc has owned it for some time if I remember.

      Dec 07, 2020 07:38 PM

      Silver, I have and I purchase more on every dip. I forgot to mention I also own NXE which had a nice spike today. The difficulty with DNN is they perpetually have to go back to the market for dollars —-if this rally continues I may try to find an exit on that one on a technical basis and then buy back in the future at a lower cost basis again. However, one must be careful here since it appears the supply/demand fundamentals of uranium keeps improving.

        Dec 07, 2020 07:19 PM

        In Feb. 2018 I attended a function for OSU engineering alumni at the GM Heritage Center. Guest speaker was David E. Cole, son of former GM president Ed Cole. With all the hoo-hah building about electric cars he brought up an interesting point: In any given neighborhood, when you get up to 5-6 people with electric cars trying to charge them at the same time, it can overload the grid. That implies a huge infrastructure expansion to support electric cars. Where the money will come from, who knows?

          Dec 07, 2020 07:08 PM

          Jeeze, round here, even with toll booth collecting millions, they can’t hardly keep the roads paved

    Dec 07, 2020 07:44 PM

    Does anyone happen to know anything about maple gold mines being halted?

    Dec 07, 2020 07:46 PM

    Thanks to EX,
    my Anfield Energy is up a whopping %50 on the day…with 1.6 million on the vol
    I can’t imagine what a potential “rip your face off bull market” bull will look like!;)

    Dec 07, 2020 07:03 PM

    Doc, are you going to the Michigan-Ohio St. game Sat? The Hoosiers will be rooting for Michigan so we can go to the Rose bowl. I finally beat Moriarity to the punch. He introduced Gold X to his site yesterday and I bought it much lower a couple of years ago. Do you own GLDXF ? They have about 10 million oz of gold in Guiana and will grow their reserves.

      Dec 07, 2020 07:18 PM

      Michigan has no chance. They could not even beat Penn State.

      Dec 07, 2020 07:32 PM

      Bonzo; you think I would waste my hard earned lucre to watch Ohio State pummel Jim Harbaugh’s Michigan? I much rather watch the basketball team then the football team. I do not own GLDXF.

        Dec 07, 2020 07:02 PM

        I’m closer to the Big House than Doc, though I doubt it’ll be open to the public. Several years ago when UoM was having a season like this, it was no secret that 10,000 to 15,000 seats were going begging at each home game. One could stand outside the gate an hour before game timeand pick up tickets for $10 each.

        A lady who used to run duplicate bridge games near here has a son who lives walking distance from the Big House. She was well aware of the bargain tickets, but didn’t care about the game. She just liked to go to her son’s house and tailgate.

          Dec 07, 2020 07:11 PM

          P.S.: The game will take place in Columbus. Or, as the locals say “Clumbs, Ahaya.”
          Don’t think it will be open to the public there, either.

        Dec 07, 2020 07:29 PM

        🙂 Strong message follows…

          Dec 07, 2020 07:40 PM

          Since there are no tickets for sale, there’s no point in travelling to Columbus. I might enjoy some minutes of the game, like I did the last 9-10 minutes of the Steelers-Redskins game tonight. Stopped taking football seriously in the ’80s.

          For Doc it looks like it isn’t even worth the cost of electricity to power the TV set during the game.

    Dec 07, 2020 07:44 PM

    Mr..Postma::: Are you hip to Palladium One?? If so is she worth investing in…Sincerely..Thanks

      Dec 07, 2020 07:43 PM

      Raymondo, I was unaware of Palladium One until you mentioned it. I’ll have to look into it. Folks are saying palladium is still under supplied and it’s had a great run but I would be a little careful since the metal price is technically a long way from some significant weekly and monthly moving averages. I personally owned the metal for years and had purchased it for about $300/ounce about 10 years ago. I sold my position early this year for about $2200/ounce and then watched it scream up to $2800/ounce. You might want to watch platinum a little since of the white metals, it has suffered a lot on a percentage basis. No one seems particularly interested in it and that’s when I like to often take an initial position.

        Dec 07, 2020 07:06 PM

        Thanks Doc…. I live in Macomb township, Michigan

          Dec 07, 2020 07:13 PM

          Raymondo, thanks for the info. I live in Spring Lake—-there seems to be a large contingent of Michiganders on the site.

            Dec 07, 2020 07:19 PM

            For decades since the 70’s platinum usually sold for about twice the price of palladium. Now palladium is nearly 3 times the platinum price. IF I OWNED PALLADIUM I’D SWAP IT FOR PLATINUM.

            Dec 08, 2020 08:44 PM

            I agree bonzo…………..I like platinum……

      Dec 07, 2020 07:33 PM

      Somewhere I heard Sprott say he bought this…maybe he liked the size of the resource. Can’t remember.

    Dec 07, 2020 07:06 PM

    Hey Tony………….just got the coins……..they look fantastic …..they are a very nice collection…..looks like some rare dates…..
    Thanks again….Jerry
    Everyone needs an Irish Friend….. Cheers Mate….

      Dec 07, 2020 07:16 PM

      Posted you a note over in the political section just a few min. ago…..thanks again

      Dec 07, 2020 07:08 PM


      Can you kindly share who tiny is? Is that Irish? Also what coins and what weight do they come in?

      I want to make a substantial purchase and would like to discuss which company currently is best for delivery, cost and quality. I ask everyone in here including Matthew “ not sure” how heavy a weight you carry with the real stuff. I for one have very little from a physical point but want to increase my percentage.

      Guys this is the ker and I trust in you boys! Who is the real deal dealer and best quality/price/delivery

      Thanks I’m advance I value your honesty

        Dec 08, 2020 08:53 AM

        Glen………Just saw your note….this morning…..
        Tony… Irish…..
        If, you are asking about Phyz…..everyone has an opinion.
        Do you rounds are bars…… or silver……
        Quanity…………is the secret……Over a $1million is another story….

        Dec 08, 2020 08:56 AM

        Glen, I left you a message, but, it went into moderations,….I posted two differ companies….with banners , so,
        Apmex and SD bullion…..but, if you are buy over a $1 million….try Miles Franklin….
        IRISH is Tony…..

          Dec 08, 2020 08:07 AM

          Is the shipment going to Canada ?

            Dec 08, 2020 08:08 AM

            Weight……will be a consideration…..

            Dec 08, 2020 08:15 AM

            I also, have one more suggestion for you….which is a melter……there is one in Indiana, which I have used,….for big purchases….which a few dealers use around the country…in the usa….
            I might have one more suggestion for you, depending on the quantity ……

    Dec 07, 2020 07:42 PM

    Doc is always realistic and sometimes wrong.

    Dec 09, 2020 09:57 AM

    There may be one more push higher.
    If so, the lower boundary will be raised.