Resource Stock Picking – 3 things that can add value to the Company
Jordan Roy-Byrne, Founder of The Daily Gold joins me to share the 3 main Company actions that directly add value to the stock. With the precious metals market continuing to trend sideways it’s especially important to look at your portfolio and make sure your holdings have that growth potential.
Click here to visit Jordan’s site – The Daily Gold.
Upcoming Webinar – April 21th @ 11pm PDT (2pm EDT) – Featuring Aztec Minerals (TSX.V:AZT & OTCQB:AZZTF) upcoming drill programs at the Tombstone Property, in Arizona and Cervantes Property, in Mexico. Simon Dyakowski, President and CEO of Aztec will join me to outline the drill programs and answer any of your questions. Please email me you questions to Fleck@kereport.com
Click here to register for the webinar.
That’s a good checklist of items Glen.
I also liked the points Jordan made in this editorial regarding looking for companies that are actively building value and have catalysts that will attract buyers like the 3 he outlined:
1) Growing production
2) Getting close to the mine development on an economic asset
3) An exploration discovery
There are other value drivers of the stocks; for example, some companies are just optionality plays on rising metals prices, where their resources will get re-rated higher in the bull run, but the areas that Jordan outlined are the prime movers.
Ever Upward!
Ex,
All day everyday! Plus many
Forever up as well!
Goldupdate
gold having a strong month and should propel short term gdx to re-rating price of 38 before correction and then higher target!
Longer term i have not changed my outlook. We will head lower and in fact im now pushing dates forward. I think we are headed for a longer term correction. Something doc mentioned
glen
Thanks Glen. Will you be pulling profits at that short-term target of GDX $38 level then, with the other mining stocks in your portfolio, or considering putting back on an inverse mining ETF hedge at that point?
Great questions ex!
As I’m always trying myself to pick at yours and matthews brain!
From the perspective your asking me which is very straight forward glen is a man and will tell you I will liquidate all positions in my intermediate term I got caught in if gdx goes to my target I won’t hesitate! This is IMO a fake shake out…covid written all over it
I did not give my second level of gdx only first! I need to hold some things in my pocket. For the record this shaking out has Gary and many other analyst at bay no one has commented glen is putting himself out there and you have to at least say thx glen.. it’s really a setup question but I don’t shy away..
Forever my friend with respect
Glen
Glen – Thanks for sharing your targets and what your corresponding action plan will be as those targets are approached.
Personally, I’m trying to decide what my strategy is going to be, because one camp of technicians believes we are going to top out soon and then grind down lower for longer, while the other camp feels the double bottom in Gold we just saw will hold and this is the beginning of the next big upleg in the PMs.
I’m honestly a bit torn which way things are going to break in the medium term, and have considered lightening up on my gold & silver mining position sizes some if we get a nice follow through rally for a week or two, or possibly taking out a JDST position as a hedge to my mining exposure if we get up to higher levels.
I don’t want to a short change myself if this is the beginning of a solid move higher, but conversely, don’t want to hang on to full position sizes if the rally is still to be short-lived. Normally I have a more solid idea of where the things will head in the PMs and can adjust accordingly, but we are really at a bizarre inflection point here with Gold in the high $1700’s and Silver near $26. If Gold is going to pull down to the low $1600s or high $1500’s, and if Silver is heading down to $22, then it makes sense to lighten the load some in the rally we are in the middle of. However, if Gold is going back up into the $1800’s or $1900s, and if Silver is going back to test $29-$30 again, then the best course is to hold on and add on any weak days.
I guess we’ll see where the weekly candle closes tomorrow, and more importantly what happens next week with either a solid break out in Gold, or a retracement of the move higher we’ve seen lately. Cheers!
THANKS GLEN………FOR PUTTING YOURSELF OUT THERE…….Takes some big ones, and I think you GOT UM…. GUTs…).(to qualify my statement)……. 🙂
Makes me think of this line from Kramer on Seinfeld:
“I’M OUT THERE JERRY, and I’m loving every minute of it!”
I described the bullish implications of least week’s close for GDX:GLD and here we are…
https://stockcharts.com/h-sc/ui?s=GDX%3AGLD&p=W&yr=3&mn=7&dy=0&id=p59271563257&a=936282921
Good call.
David yes great call!
As always you have a liking for my predecessor and guru but as I have mentioned I will continue to challenge him and not shy away one bit!
Matt is genius with his calls but I’m looking at overall intermediate picture and he won’t hold a bias. As I believe math looks more closely at the day to day or he can correct me?
Glen
Glen, I look at everything. In addition to the various timeframes, I spend a lot of time consider the technical position of other asset classes. That’s something a lot of technical traders purposely avoid or even advocate against (their loss).
Good chart Matthew, and yes, things have played out in a bullish way, so good call.
Do you expect a longer term uptrend to keep playing out then in the miners, as things are starting to break out?
Are you concerned about the potential of this recent run just being more of a relief rally, before the next turn back down, as other technicians have pointed out, or do you think due to the time it took for that breakout to happen, that the double bottom is in and that this move may have some real legs to it?
I am not worried about this being a relief rally for a number of technical reasons and there is little chance that the miners will test their correction lows but there’s still the possibility of frustrating choppy action if the miners don’t follow through with more near term strength (near term = days). Overall, I’m not very concerned about that either since today we got what we needed when we needed it. I’d prefer not to get a pullback tomorrow but it would still be a buy in my book if we do since the current move has been an impulsive one.
Thanks Matthew. Yes, overall, the action since March and into April has been much more constructive that the worm has finally turned. I’m glad I added as much as I did to positions in late Feb to early March, and trickled in a little more buying in a few names and started a few new positions in mid March through present in mid-April.
For now I’m just holding what I’ve got, and have been mostly in position for the PMs for the last 2 months, but still have a small amount of dry powder left to deploy if we do see another corrective move.
I’d also prefer to see a strong close tomorrow for the weekly candle in Gold, Silver, and in particular, the mining ETFs.
Matthew just so you know this comes out of my own camp😬
Not being mean but $1764 was a number that I had personally in my pattern that can really mess things up. You and I better hope they don’t smash us tonight if they do we are getting whipped but my gdx target still remains before another smash.
So ex yes we are at turbulent times.
Glen
Perhaps you’re worried about a H&S top?
https://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=1&mn=1&dy=0&id=p26350826486&a=882291178
We can now see that the GDX:GLD chart did show the future of GDX like I mentioned last week. To repeat: GDX:GLD topped first in the summer and bottomed first over a month ago and is still leading the way.
https://stockcharts.com/h-sc/ui?s=GDX%3AGLD&p=D&yr=0&mn=11&dy=0&id=p09731067066&a=742119056
Good point. The miners usually signal tops and bottoms before the metals do, and lead the charges lower and higher respectively.
In case I wasn’t clear, I was referring to the miners priced in gold versus the miners priced in dollars. The former has been the leader, topping first, bottoming first and now, “looking good” first.
With the enormity of the problems facing the dollar, I suspect that pricing and charting assets in gold will become a better and better idea from here on. Gold remains the numeraire par excellence. As such, it is the ultimate fraud filter.
GDM is heading for 1550.
https://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=2&mn=8&dy=0&id=p14831429741&a=673663556
1550 is a nice number.
Rambus has turned bullish gold/silver. Whisky boy has missed the train again, although I am sure he will claim later that he was already long.
Regarding Rambus, 💹💹💹💹💹💹💹💹💹
Everything is all in the charts and he looks at nothing else. This was a few years back. He was trying to convince me on a trade I was short the spoos at the time and he was convinced I was completely wrong. Long story short, I ended up closing out my spoos trade with a big profit. Rambus👎 although he’s not the worst, he’s not really the best either.
Dick,
You have a bad habit of coming out and destroying people yet you don’t give your two cents! Before you change aliases I have you in record going after me as well as everyone else.. you better be very careful what you think and wish as I will come after you if your wrong and chase your URL..
Respectfully
Glen
Holy,
100% rambus is another shooter sorry!
Glen
Glen, apparently you never read my message. That’s okay because I profited greatly not listening to rambus.
Hang in there GLEN….. You did not miss a thing….
Bonzo turned bullish on gold in 2001 when Gordon Brown sold all the Bank of England’s gold at $250. Today I added to my Irving position. Nice to know that Rambus has turned bullish too. But have Rambus, Excelsior, and Matthew taken a Covid jab?
Nope.
Glad to hear that. I would not take that jab if Crispy Cream offered me the whole company.
No
Bonzo,
With all do respect I enjoy the hype and emotion but you have either the largest atm machine in the world or your playing us.. you have been buying since the top and we have not even bottomed. And you have not sold? What gives amigo
Glen
Glen, I am not playing anyone. Every trade I reported actually happened. And I did sell some USAS and some TriStar to raise cash to buy what I hope will be better stocks.
The IRVRF I bought @1.72 today closed@1.84. The DOLLF I bought@49 yesterday and the ESKYF I bought @1.72 are up nicely too. Yippee! Onward and upward.
Fair enough bonzo,
I appreciate you responding and making that clear. I get lost in the confusion sometimes and I guess I’m trying to respectfully understand your stance and you have taken a friendly jab or two at doc well maybe I’m overreacting. Before anyone comes at me yes I can be a bit of a hard ass so I also apologize.
Glad you do sell at times and book profits
Cheers
Matt ,yes,
Ramby unloaded ALL his DUST and is now buying several gold stocks. I am glad I remained 55% invested through all of the debates on gold heading to the sub $1660 now a bit ahead thanks to sticking out. There are still loads of on sale gold and silver plays.
Bye the way, Matt thanks to you pounding the table on Galleon, I have a solid amount now at a .8 cent average. Thanks for letting me in on this potential rocket- blaster. $2 target might be just a couple of years away.
Confused, thanks for sharing about Rambus. My main buys this week were HMY and DRD and I was 106% long as of yesterday (all-in plus 6% on margin). At the bell today, I even got more HMY filled at the low.
You got a great price on Galleon!
Matthew, I bought HMY and DRD in the last century. I still have the DRD and hope to get back in the black one day soon.
Sweet! Thanks again. The tide is turning.
Good gold chart from Jim Wyckoff at Kitco today:
I was trying to post Gold #2 using the tabs at the bottom, but it defaults to the first chart.
Here’s a different attempt at posting it:
https://cdn-ceo-ca.s3.amazonaws.com/1g7h8sg-Jim%20Wyckoff%20Gold%20Chart%202.JPG
Looks like higher highs and higher lows.
Yes, which is encouraging, however, Gold is not running into it’s upper Bollinger Band, so my concern is that it may get deflected back down from present levels, maybe even as soon as tomorrow. I’d prefer to see Gold keep pushing higher and close the week above $1675, but this is also a logical spot for the yellow metal to wimp out and fall into tomorrow’s weekly close. Hoping for the former, but prepared for the latter.
not = now. Gold is now running into it’s upper Bollinger Band…
My guess is higher into Monday/Tuesday.
NY close: https://tinyurl.com/h3sa9xb7
Thanks BDC. That would be just fine…
Good stuff (charts/discussion/points of view). Thanks guys. Buying on dips including Novo.
Charles,
It’s not a buy dip moment imo. Maybe very short term. But this is becareful moment.
Glen
Thanks for the thought Glen. I am being selective and buying over time. I am also selling some positions that have run so net net I have really not changed my overall position and still have some cash on the side.
Epic column by Bob Moriarty today.
Hey…I am just trying to pay taxes. I made a bunch and they took most of it back …and I think by intervention making the charts unclear. I also feel that PM trades should not be taxed as the government interferes in the markets. Anybody that has a theory on market direction that can front run an algo run by insiders, I want to hear the theory.
https://postimg.cc/user/saturationedges
Note Lithium Monday 4/12 Low MaxSat(7).
Thanks Cory and Jordan!
1. Board of directors
2. Management team
3. Cash on hand/DEBT RATIO
4. shares outstanding
4. Forward production
5. jurisdiction
6. check ker to see if any of us heavy hitters hold them as a final
great job keep the good work up Cory!