Erik Wetterling - The Hedgeless Horseman – Thu 21 Jan, 2021

Looking past the underlying metals prices to key company specific catalysts

Erik Wetterling, Founder of The Hedgeless Horseman joins me to discuss his strategy of ignoring the precious metals prices and looking at key company fundamentals that can drive individual stocks. We also address a couple of the recent comments regarding the market valuation of Eskay Mining.

Click here to visit Erik’s site – The Hedgeless Horseman.

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Comments:
  1. On January 21, 2021 at 11:55 am,
    Excelsior says:

    Great comments today from Erik about focusing less on the pricing mania around daily moves in Gold, when it is already up at these loftier levels, and focusing more on scouting value and catalysts in the individual miners.

    As he mentioned it really doesn’t mean much to an exploration story if gold bounces or falls + or – $100, and it is much more important to follow the actual work the company is doing for major milestones like drill results, permits, market anticipation of resource estimates, PEA, PFS, FS, new strategic stakeholders, etc…

    Even for the producers, yes if gold moves up $50 or goes down $60 it matters to a degree, but the difference between $1850 or $1950 Gold isn’t really a deal-breaker or market maker for producers, like when it was down at $1100-$1200. Yes, higher is better, and the miners will track the general trends in the underlying metals, but there are plenty of miners marching to the beat of their own drum that are down on up days in the metals, or surging on good company news, even during corrective moves in the metals.

    Thanks to the Hedgeless Horseman for a few cogent thoughts for investors to consider.

    • On January 23, 2021 at 7:41 pm,
      The Hedgeless Horseman says:

      Spot on Excelsior. I know you’re a pretty “hands off” investor as well who is patiently waiting for the big wave/pay off and keeping an eye on the big picture while ignoring the noise. I find it easy to get “sucked in” and worry about every little move because a lot of people do this. Focusing on just buying the right companies where the odds are really in your favor regardless if gold/silver might drop 20% from here seems to be the best strategy. Sure, ultra beta plays might go up the most but then one gotta make sure on is right as well as have good timing hehe.

      Thanks for the input mate!

  2. On January 21, 2021 at 1:33 pm,
    jim says:

    please ask Erik on your next interview, any opinion on endviroleach and their partnership with group11 providing a non-cynide mining approach for gold

  3. On January 21, 2021 at 1:36 pm,
    bonzo says:

    Erik, I would worry more if I was not loaded up with gold and silver mining shares.
    In the last week I have bought Irving, Novo, NuLegacy, Lion One, Timberline, Labrador, New Found Gold, White Rock, AUCUF, USAS, Brixton, and Fury. Have you looked at Brixton and Fury and Banyan?

    • On January 23, 2021 at 7:38 pm,
      The Hedgeless Horseman says:

      bonzo:

      I’m pretty much all in myself since a few years. I own all you mentioned except AUCUF, Brizton and Fury. I loved Brixton a few years ago but the company shifted focus all the time and honestly i haven’t kept myself up to date so can’t really comment on that one. Don’t know much about Banyan either.

      Endrviroleach is also something I am not familiar with at all really. I try to stick with the things I understand and there is no shortage of good ole mining juniors to scour through!

      Best regards

  4. On January 21, 2021 at 1:44 pm,
    CFS says:

    White Gold drills 1.53 m of 105 g/t Au at Titan
    2021-01-21 10:44 ET – News Release
    Mr. David D’Onofrio reports
    WHITE GOLD CORP. ENCOUNTERS GOLD MINERALIZATION ON MULTIPLE TARGETS; DRILLS 105 G/T AU OVER 1.53M AT TITAN; TRENCHES 2.16 G/T AU OVER 21.0M INCLUDING 5.69 G/T AU OVER 3.0M AND 4.15 G/T AU OVER 5.0M AT VERTIGO AND PIT SAMPLES UP TO 18.2 G/T AU & 33.6 G/T AG AT NOTORIOUS, YUKON CANADA

  5. On January 21, 2021 at 2:50 pm,
    CFS says:

    YAMANA GOLD COMPLETES ACQUISITION OF WASAMAC PROPERTY AND CAMFLO PROPERTY AND MILL, AND BEGINS ADVANCING WASAMAC DEVELOPMENT PLANS
    Yamana Gold Inc. has completed its acquisition of the Wasamac property, and the Camflo property and mill from Monarch Gold Corp. through its acquisition of all of the issued and outstanding shares of Monarch not owned by Yamana under the previously announced plan of arrangement. In connection with the arrangement, Monarch completed a spinout to its shareholders, through newly formed Monarch Mining Corp., of its other mineral properties, and certain other assets and liabilities.
    The addition of the Wasamac project to Yamana’s portfolio further solidifies the Company’s long-term growth profile with a top-tier gold project in Quebec’s Abitibi region