SD: CPPKF is tomorrow’s featured stock (see below).

Over the last year I’ve been steadily building up my Copper mining exposure , with (SMTS) Sierra Metals, (WRN) Wester Copper & Gold, (FILO Filo Mining, (TIG) Triumph Gold, (KDK) Kodiak Copper, (GCX) Granite Creek Copper, (ATY) Atico Mining, and on Friday I added starter positions in (MIN) Excelsior and (DCMC) Dore Copper. I realize that Copper and the Copper stocks are getting more extended at these higher levels, but Excelsior Mining had a reasonable sized pullback lately on the financing and Dore Copper hadn’t moved as much higher as other stocks yet, so they likely had less downside here than some of the other high flyers. Regardless, Copper still has years of good supply/demand fundamentals in front of it, and some of these stocks still have much further to climb.

Good entry point to Excelsior Mining – I was quite unhappy with the financing. 15% below the price they had before and with a full warrant. 66 million new shares for a company that had a good cash position 12 months ago is not a good management performance.

Thanks Thomas. Yes, this does appear to be a good price and time to get positioned in Excelsior Mining, now that the financing news has been digested and the reaction down has played out.

I found it difficult to find a copper play with top management like at Aris Gold or WPM
Ex, have you any copper play where you would say management is top?

Hi Thomas. Well, who is “good management” is subjective as well as qualitative, as there are many CEOs that are loved and despised simultaneously by different pockets of their onw shareholders, or some really well run companies, that have management teams that are not popular celebrities at conferences or well known.

In general, the Gold sector pulls in most of the most vocal or well followed Ceos, but I’d submit that most of larger and mid tier producers, and some of the largest development-stage companies have solid management teams, boards of directors, and experienced mid-level management teams executing on mining, processing/milling, exploration, etc…

For Copper, I mentioned above the 9 companies I hold and personally wouldn’t own them if there was confidence in their teams pushing their projects forward or hitting their future milestones.

Of the ones I mentioned, I feel very comfortable with the Metallic Group of Companies [Greg Johnson, Tim Johnson, Michael Rowley] being behind (GCX) Granite Creek Copper, and that the Discovery Group is backing (KDK) Kodiak Copper and that Chris Taylor (CEO/President of Great Bear) is at the helm. I guess, I own a 10th Copper company with Sombrero Resources, spun out of Auryn Resources, that has Ivan Bebek at the helm, but it just hasn’t officially listed yet.

Quite often I back a capital structure team and will consider their menu of choices of companies, and dig a deep well with that team.

For example, as mentioned above I like the Discovery Group (Great Bear, Kodiak Copper, Elemental Royalties, Fireweed Zinc, Bluestone Resources)

Another is Inventa Capital with Craig Perry and Michael Konnert and their group of companies (Vizsla Silver, Tarachi Gold, Gold Bull, Surge Copper, IsoEnergy, Outbacks)

Another is Oxygen Capital Corp with Mark O’Dea (previously had success with True Gold, Frontier Gold, and he was on board of NexGen), but have the current lineup of companies (Pure Gold, Liberty Gold, Discovery Metals, Sun Metals).

Another I mentioned above is Greg Johnson’s Metallic Group of Companies (Metallic Minerals, Granite Creek Copper, Group Ten Metals), with a Silver, Copper, and PGM/Nickel company respectively.

I’m very constructive on what Ivan Bebek has done recently with creating 3 companies (Fury Gold, Tier One Metal, Sombrero Resources), with a Gold, Silver, and Copper company.

Another collection is Doug Forester & Blayne Johnson on their projects (Newmarket Gold – merged with Kirkland Lake, Calibre Mining, NewCoreGold)

Another is the Crescat Capital & Quinton Hennigh companies (Novo Resources, Lion One, Irving, Eloro, Eskay Mining, Precipitate Gold, Nulegacy, Defiance Silver, Goliath Resources, etc….)

Obviously there are industry icons and celebrity CEOs like Rick Rules “7 footers” such as Ross Beaty, Robert Friedland, Bob Quartermain, Amir Adnani, Frank Giustra, etc… that some love, or some love to hate, but they get a lot of market attention and are usually well funded and well marketed.

So, while I’m fine investing with one-hit wonders that just run one company very well, as another strategy, I often follow the capital groups to see which companies are being launched, because those teams can share resources and human talent, get better deals on marketing their companies, and sometimes better deals from capital markets from their collective brand of companies.

I like how Ross is backing Equinox

Aris Gold with Neil Woodyer who put $15 million of its own money in the company is another good example

Didn‘t found anything similar in the copper space yet

Ross & Neil and multi-millionaires and can afford to backstop companies with such massive funds, and they are part of the 7 footer’s club from Rick Rule. The thing about companies like that is they get a lot of attention, publicity, and do find solid projects, so they’ll be winners, but they are typically more fully valued due to all the analysts and eyeballs on them, providing retail investors with less of an edge for a re-rating.

With regards to all the ideas I just shared about quality capital groups and their baskets of companies, on a percentage basis, most of the management teams I mentioned still have significant amount of their personal funds invested in the companies mentioned, and are just as dedicated, but they aren’t 7 footers yet….

If you want another multi-millionaire backstopping his company, there is Rob McEwen not taking a salary and having about 1/4 of the shares in (MUX) McEwen Mining, and they have some Copper exposure.

You’re correct technically about SAND—there’s some gold stocks that are going to be absolutely “clocked over the next 3-4 weeks while SAND’s downside has only a little more. It’s at great techincal support and will slowly slide while other stocks will do a March 2020 like plunge again.

Another one you’ve liked in the past is arngf which I believe takes out support beginning next week.

Yes, I still have a larger-sized weighting in Argonaut, and just added a bit more on Friday. If it breaks support next week, and dives down, then I’ll look for a good place to add a bit more, as longer term their growth profile is simply stellar, with Magino in development currently, and Cerro Del Gallo moving from development to production in a couple years after that.

Argonaut is transitioning from a higher cost 150K-200K ounce per year gold producer to a solid low cost 300K-500K ounce per year gold Mid-tier. If I can accumulate more on oversold conditions, then that is a nice gift.

https://www.argonautgold.com/English/strategy/3-year-growth-plan/default.aspx

https://schrts.co/UrVTrgAx—Can; here’s the weekly chart of SAND—-notice how pricing is slowly making its’ way down to the support of the 200 week SMA. The RSI is hugging the bottom and will most likely for 2-3 more weeks. On the MACD the 12 week SMA is starting to move laterally toward the 26 SMA and will likely continue to for about 2-3 weeks. At any time in the near future the bearish red line will curve up toward the bullish green line which will turn down signifying a move up in pricing. I love a chart like this since you can pick away at it and buy small amounts each week without expecting a sudden significant move down that puts you in a significant loss position.

Can; the red and green lines I’m referring to are on the ADX strength indicator.

Bingo Doc. SAND is hugging that lower BB line all the way down, and approaching the 200 week MA. I’d imagine some bigger money is waiting down at where those 2 will intersect, and I’m happy buying in front of that, just in case it doesn’t make it all the way down there, but would also be happy adding a bit more down at those levels.

Thanks for your charting Doc. Much appreciated.
My most recent purchase of SAND was just inside of the last two weeks.

What’s you’r opinion on Zijin Mining 2899 HK ? A Keep & Sell & Buy ? Tank’s !

Franky, I would tell you what I thought if I could pull up a technical chart on this miner.

Bonzo – It sound like you may be sailing on the Good Ship Lollipop….

https://youtu.be/WLLSqpYyPD8

Ex, that is a pretty insipid response from someone as smart as you. DT

However, I like your thoughts! LOL! DT

Yes. Just having a little fun with the retail frenzy, and TulipCoin sounded funny. 🤑🤑🤑

Ok, Bonzo, SELL RDS! Seriously, I think it’s a great idea to sell it and buy the gold/silver miners. The risk-reward of doing so is excellent even if RDS does not fall.
It would be nice if the whole oil sector would fill those November huge gaps someday but it seems unlikely at the moment even though a healthy correction is sure to come to all these hockey stick (parabolic) sectors.

b, what backs Bitcoin, we all know what is holding up fiat currencies it’s called hot air, how is Bitcoin any different, banks and credit cards back the dollar? As far as the internet goes it has a host of problems that Tulip bulbs didn’t. Hackers, solar flares, nuclear war, space war, electromagnetic pulse bombs, and if it goes down it’s bye, bye, bye, for banking, for food, for water, for fuel, for security, for transportation, for Bitcoin, for survival, etc, etc, etc. ! LOL! DT

All true dt.

b:
You may enjoy this video on Max and Dan Collins. I found it revealing…..

Whoops…….https://marketsanity.com/max-and-dan-collins-discuss-a-post-dollar-world-and-chinas-monetary-ambitions-part-2-2/

Thx SD

Ive been following this for some time now and its why I’m thinking bitcoin is not a passing phase, at least until the digital currencies come out.

The world wants out of dollars.

May take awhile but good looking chart,
and consolidating in a favored industry.

+4

Grant Williams – The Sovereign Debt Crisis Will Be A Central Bank Confidence Crisis

Cambridge House International – part of the ‘End Game’ event on February 7th

0:00​ Intro
0:55​ Reddit vs Short Sellers
8:06​ Naked Short Selling
9:40​ Robinhood Response
12:38​ Market Corruption in 2021
16:43​ Redistribution of Wealth
17:54​ 2021 Crisis & Social Media
20:39​ Sovereign Debt Crisis & The Endgame
22:42​ Signals of a Market Crash To Watch
24:17​ Inflation is the Key
27:36​ Safeguarding your Portfolio in 2021
33:10​ Trends in Commodities Investing
35:48​ Book Recommendation

https://youtu.be/2SKVkVODDfc

Grant Williams gives outstanding comments about where we are…One of the people I would like to have lunch with and just listen..

Agreed David. I always enjoy getting Grant’s macro perspectives.

Jerry,

Thank you buddy! I remember the nice chat we had when you called almostblrecisely to the tea the top in gold! I give you credit.. I remember saying to you merry this handle is going to go very low.. do you remember? My reasons at that time was my original pattern however I believe I said something between $1550-$1680.. it was really hard to predict but my just was that we hit a long term massive resistance area the all time high.. If anyone in this world thought we were going to just pierce through it without pain, they were kidding themselves hence why I said this is a major correction.

Fast forward here we are.. 6 months and counting downtrend which is justified yet the bulls don’t get it.. I do.. I’m realist when it comes to approach and I value each of you and respect your calls because I know gold is going so much higher but there will be pain along the way. This normal yet people write things to discourage me or mock me or discredit me because they hate in right. And fact is I don’t know how much more of this I can take at the ker. Pundints post to others with narrative clearly speaking of me and taking shots to boost there own ego instead of embracing my calls and acknowledging it and saying wow it’s great to have this type of “ team “ work no they are threatened by the realization that I’m making very valid and accurate calls.

I’ve learned in my life to share and to grasp and retain the best from the best. This ker seems to be all about me and me and hearing there own voice and when wrong, try to make a narrative that works for them in making excuses as to why things go down instead of learning.

I know Jerry tu get it and I also know how smart you are! Gold will go to much higher prices but I don’t want investors getting hurt without knowing the truth.

Glen

Hey Glen……..some sound advice in that post.
I do recall you mentioning the handle, and I will be upfront,…I did not expect , it to go this low, or long….So, Bravo…you were spot on.
I would not be to concerned , on the others, wanting to be right all the time,
JUST HANG IN THERE……….YOU ARE APPRECIATED…..TRUST ME ON THAT ONE….
You are a great asset to the KER.,..and with ME……

Glen has been on a roll so far,…so, I would not bet against his calls at this stage of the game……JMO….

Thanks Jerry! Once again I can’t say more.. Is the reason why I amend you captain. The voice.. la vos!

Glen, you were positive the low was in place several weeks ago. Remember that right shoulder you kept looking for?

I see that you are now 100% sure that the low is not in place. Being 100% sure doesn’t mean much once you’ve been sure and wrong.
I’ve learned not to be sure but to act appropriately as things unfold.

The potential for a “bloodbath phase” definitely exists but the bears have been feeble so far and David was right to point out their failures and read them as bullish regardless of what happens next. This is an odds game and such failures usually are a bullish sign.

Correct Matthew!

But I changed the course as anyone should when investing and no one else did but myself in here.. I make calls cold blooded nothing in between and I win that way or I lose that way and I’m good that way. I don’t believe I’m between I just don’t.

I made that change because the pattern I was following was not direct but prior to that I called an important too before hand and I made the change at the perfect time and shared it with all yet it’s not good enough lol..

Cheers

I see. When you change your call it’s different than when I do.

Matthew,

I never implied that. I have nothing bad to say about you ever! Let’s make that clear
Your the one who taught me to think outside the hat. I’m sorry if I come across wrong amigo..

Glen, 3-4 weeks ago, you were still expecting your H&S pattern to hold, and had mentioned anyone warning of the November lows was just scaring people and BS.
If you recall, for most of January you repeatedly felt we were near a bottom and would be beheading up soon. You felt different levels would hold and then bounce (1880-1890), then (1850-1880), then (1817-1827) and gold would move higher to break out from the right shoulder.

Clearly that didn’t happen and the H&S pattern was a failed pattern, as I pointed out the first time Gold dropped to $1810, and then it removed all doubt of the pattern failing when Gold went down and closed at $1784. You have since changed your views, and have become vocal that breaking the November low is a foregone conclusion and the Gold is heading down into the $1671-$1685 level.

For the last few weeks I had mentioned the range between the 55 day EMA and 233 Day EMA that gold was channeling sideways to down in that I’d like to see the that 233 day EMA hold or at least the higher low of $1784 hold. I was not saying gold was going higher in any of that. What I did say, was that Gold was building up energy for a big move one way or the other, and I had invested for the bullish case, and that eventually Gold would bounce as the correction had been going on since last August. As we now know, gold broke down to test the November lows this last week, and closed just a little over a dollar above that level.

What remains to be seen in the next week or two is if that level will hold, making it a Double-Bottom, or if this level will fall and if Gold will plumb new lows.

Doc has been saying since the end of last year that he expected there to be further weakness in the first quarter of this year, and there have been others like the guys over at FX empire, and more recently Jordan Roy-Byrne, Gary Savage, and Rambus that also expected gold to pull back lower for longer. It seems like that is the consensus at this point, and they came to that conclusion on their own, so with this many technicians all on the same side of the boat expecting lower lows in the PMs, my question was simply, if everyone is so convinced, then why don’t they go long the inverse ETFs JDST and DUST, and put their money where their mouths are?

Haha! To be clear, I’ve not been calling for $1600 Gold, but some have mentioned it as a possibility. My point above was that if the quarterly closes have been so strong, it indicates that the longer term bull market is still well in place. Matthew had mentioned the potential of $1720 or $1737 as good areas of support, and so if gold does pull down to those levels, that that isn’t too bad or much more downside.

Ex……I would agree with your statement……of “.if gold does pull down to those levels, that that isn’t too bad or much more downside.”

Agreed OOTB. If Gold only fell another $50-$60 and then held and started the journey back up, then that wouldn’t be the end of the world, and at this point most of the correcting since last August is in the rear-view mirror. Until then…. we’ll take each day as they come.

Ditto…….on each day……

Thanks for that response Glen, and everyone should do what they are most comfortable with for sure. Personally, if I feel there is a good chance the macro trend is going in a certain direction, up or down, then I’ll place my bets accordingly, as once can make money in either direction — a bullish market setup or a bearish market set up.

I just can’t remember a time recently where more analysts were all in agreement that the metals and miners were definitely heading down, and so it just seems like this would the time folks would want to use inverse ETFs in the miners or options to back that position and profit from it.

Coming into this week, the picture is less clear to me personally, on if we’ll see a swan-dive down into the blood bath phase, or if we’ll see an oversold bounce off the level from last week, that nicely synched up with the November low, as a big W-shaped double bottom.

When things are unclear like this, sometimes, I’ll hedge a long position with a small short position, and if things do dip down, then pull the profits on the short, to redeploy into buying the dip. Since there was so much consensus on the direction being down, I just wandered if any other investors were thinking of deploying the same strategy. It makes me nervous when everyone is lined up on one side of the boat and in agreement, but I also don’t want to open myself up for too much downside exposure to my long positions without protecting myself with a hedge. Decisions… decisions….

Thanks DT. Yes, after 7 months of correcting in Gold, mostly due to rising 10 year treasury yields, and stagnant CPI inflation readings, one would think both those trends would reverse course soon. As for Silver, it has held up much better than Gold during this period, and really, so have many of the PM miners. I agree with you that, ultimately, each miner needs to be analyzed individually, and bought/sold on it’s own unique journey, but was just looking at what you expected in a general sense across the mining stocks. Like you, I’m leaning more towards the bottom being mostly in at this point, but am listening to what most technicians are saying about the further weakness they see in the charts for the next few weeks to months, so it is definitely time to stay on high alert, and be vigilant. Cheers!

-1 lol

Dt I never give minus one but it seems what I feel you wanted to say may have been changed with due pressure! Speak your true voice.

I believe what you were trying to say is the bankers/algo rythms have and always have been able to break miners lower so your use to what can happen but you know very well to wait it out because eventually you will be put in a winning position..

However there is pain to come this week that will drop many miners down to prices that kick your chops and many don’t get it because they have been buying at higher prices trying to justify what’s coming..

Glen

Glen, I never repeat never changed anything that I wanted to say or was pressured to do so, you are simply upset because I haven’t trumpeted your line of thinking. There are no experts when it comes to future predictions in life and even more so in the markets. I learned that a long time ago. DT

+1 DT. Very well-stated.

Glen:
Bot doubting you in the least. I was merely saying that if things are going down tomorrow, Sunday or any night means nothing. If they are going to do it to be consistent with the charts, they do it. I was just looking at your note to Jerry and saying…wait. Hours away from reality. I am charting challenged. I know criminality and that’s all… and we are in a market controlled by criminals. Hang in there…it is not as if the metals have been on a roll for 7 months. Only the general markets never correct.

Matt,

I agree with you 100% don’t think any different.. I don’t know what more to say to you. You are the professor all I’m saying is that there is a current magnet that is brining us lower. If you think about it everything I’m saying really lines up with what you have said. It just seems that we come across different.

1. Gold is eventually going higher and in a bull
2. Gold May head down and if it does it will be short lived
3. The miners are diverging and gold on the charts
4. Fed printing money
5. Inflation to Ramp up
6. Oil going higher
6. Many small cap and exploration and some miners have already bottomed
7. Silver is the only one I’m on the fence

8. Finally the numbers you mentioned on ker for the down if we go is oefedrkt in line with my number lol..

Matt we are in the same page!

All I’m saying is if we go lower buying opportunity of a life time with some of these miners like my iamgold or barrick etc..new gold, golden star resources so many I see..

We go from waiting to buying. That’s all amigo 😃

Respect!

Glen

MATT, GLEN EX, IT was a guy named Plunger who contributes to Rambus once every quarter…not as for Rambus….he got 100% out of the PM’s at the end of January, but has said there might be coming “turbulence”…and that it would not be a bad place to pick up gold miners here….but he said that he is not yet dipping his fishing-line back in the pond yet. He thinks is may be several months before the gold stocks really get going again. So he is a bit more nuanced…than the Plunger guy. I imagine if Matt’s scenario plays out many good chartists and their subs will get left in the J-Dust:)

Glen, there are multiple magnets tugging at gold from below as well as above. The question is always which one will win.
This has already been a worse correction than the crash last March.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=3&mn=7&dy=0&id=p86136727129&a=906148083

Thanks Confused. Yes, I’ve seen plunger post for years over at Gold Tent, but thought that was just Rambus’s name over there, and didn’t realize they were 2 separate people. Well it sounds like Rambus made the correct call to pull out of PMs back in January then, and Plunger is shifting over to the current consensus view that the PM sector is going to be heading lower for longer.

As mentioned above, it makes me nervous when everyone is on the same side of the boat and expecting the same outcome (in this case that Gold is going to be plunging {pun intended} to much lower lows in a blood bath phase over the next 2-6 weeks).

That may very well be what plays out, and why I asked if anyone was backing up these projections by taking positions in the inverse ETFs like JDST or DUST and putting money behind their conviction calls for the coming few weeks.

I’m prepared to hedge my longer bullish bets, with a smaller stake in one of the inverse ETFs, but like to take each level as they come and not put the cart in front of the horse. Last week I wanted to see the 233 day EMA and the higher low of $1784 hold and they did not, but the daily close was at $1768.60 mid week, about a dollar higher than the November low, (after dipping down lower than that intraday). Before shifting over to bearish damage control mode or taking out a short mining position, I want to see if Gold has the potential of rallying this week, making last week’s move the test of the November low and a double bottom. If things open up in a blood bath phase, then I’ll take evasive action in my trading account to try and limit some of the losses, and will watch closely for a bottom to top up mining positions if they go on the clearance rack.

No David………that would be 1913……. 🙂

But,….I agree….they can do it……

David,

I don’t agree because my charts had this coming. If you misread the charts that’s on you and so you must reflect back to the drawing board and see we’re it went wrong. Been there done that. Exactly what Matt says that manipulation can only go so far well maybe he can speak for himself.

My point is this, cycles are 100% real and 100% sure that there not 100% identical! Not sure if you or anyone understands me. When you say they can, I agree they can paint different things shit they can’t change a whats evident and coming. Maybe by timeline or pattern but overall the market will speak and it is your job to read that charts and for see.

I’m a student of the game and a real good visionary.. intuition is what has helped me rebound and succeed.. knowing who the best are and learning from them is key not putting them down.

Glen

I

Jerry lol!

I don’t even know we’re you would begin to buy platinum physical! Jerry I nominate you king of physical.

Wolf king of warrants
Jerry king of physical
Matt king of charts ( I’m up your arse Matt lol)

🙂

Yes Jerry. Physical silver is way above spot right now and ready to surge higher with its fellow ‘commodity’ metals.

Nice to see you out of jail. We all understood that once that picture of you in the capitol wearing the buffalo robe and horns went viral it meant you would have to go to ground.

Nice red/white/blue facial paint job too.

Lol……blazesb………
Yes, it took me a lot of time in the make up department…..lol

And I assume you wear the paint when posting.

Lol……just on the week ends…..

I will not go any further,….this gets off into politics….and this is the trading and mining sector…..

Speaking of miners, they have walked back prices already. Won’t be too far to go by open. Nothing real about these actions…again.

Thanks David. Yeah, I owned Energy Fuels, Ur-Energy, Denison Mines, NexGen Energy, and Uranium Energy Corp during that time period, and in the last few months had picked up Azaraga Uranium and Standard Uranium not discussed up above, and while they’ve trended higher, it wasn’t to the same degree.

As for Platinum, it had been moving up quite nicely, so taking a small breather here makes sense. I only show it down about 1.17% to $1278, so that’s not too bad of a drawdown. 2/3 of the PGM miners are also still up in the green on the day.

https://www.investing.com/commodities/platinum

Hi BDC – The best index to use for the Uranium sector is (URNM) the North Shore Global Uranium Mining ETF, as it has a good distribution of companies and weightings in them.

The list of 12 uranium stocks I listed above were just 12 of the most followed companies, but there were more U stocks of note that I couldn’t fit on there due to 12 company limit in stockcharts (like Boss Energy, Azarga Uranium, UEX corp, ALX Uranium, Purepoint, Skyharbour, GoviEx, Forsys Metals, Canalaska, Anfield Energy, Standard Uranium, etc…)

Big Daddy Newmont will be featured tomorrow.
(Friday’s impressive MaxSat 6 needs follow-up.)

Good chart Matthew, and if that double bottom level from last week does end up being a significant bottom, then it may catch many bulls that have become quite bearish off-kilter. We’ll see how it goes…

If the Turn (Short or Long) is in,then
Friday was a “Weekend Wash” for many.
Watching Big Daddy Newmont very closely!

NEM: https://ibb.co/zhdj8XZ
Will Newmont Water Wings work?

Thanks BDC. Keep us posted on how bell-weather Newmont is developing.

Will do, Ex. Featured tomorrow!

NEM bottomed where it should have, complete with a bullish RSI divergence. You could buy right now and stop yourself out with a single daily close below 56.
https://stockcharts.com/h-sc/ui?s=NEM&p=D&yr=1&mn=1&dy=0&id=p49091245051&a=832562811

Yes OOTB. May the Silver Cupeth runneth over….

That is a lot of convergence in that chart! Thanks. Looks good.

Wow. Matthew – very interesting IPT chart, and I agree with Charles, that is a lot of technical convergences on there regarding today’s candle. Looks like Impact is at a key inflection point, and about to release all that energy in a big way. (With the recent strength in Silver it’s looking primed to pop).

Thanks again. Of course, no method works all the time.
Remember to use stops, especially if short term trading.