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Precious Metals Bounce Back – Is it due to the Fed comments or simply investors shifting focus?

Cory댊
July 30, 2021

Brien Lundin, Editor of The Gold Newsletter joins us for a focus on the rebound in gold, gold stocks, silver and the silver stocks post Fed meeting on Wednesday. We balance how much of the move is being driven by Fed policy vs technical trading or a change in investor sentiment.

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Discussion
18 Comments
    Jul 30, 2021 30:08 AM

    Santacruz Silver reports Q2 2021 production of 799,057 silver equivalent ounces, they are on their way to becoming a mid tier silver producer. Very soon as the Zimapan mine becomes a smoother operation I expect they will be reporting 1 million ounces per quarter.

    https://money.tmx.com/en/quote/SCZ/news/5855261262100048/Santacruz_Silver_Reports_Q2_2021_Production_of_799057_Silver_Equivalent_Ounces

      Jul 30, 2021 30:49 PM

      +1

      Jul 30, 2021 30:32 PM

      DT – Did you see we just had on Mike with Group Ten Metals yesterday?

      Do you still follow the company?

      (same 2 questions for David if he sees this)

        Jul 30, 2021 30:10 PM

        Hi Ex, I still own shares but not as many as three months ago. I must check out that interview, Group Ten was a bigger holding but that doesn’t mean it won’t be again! I like their story and I don’t want to miss out on their next run without adding on. DT

        Jul 30, 2021 30:16 PM

        Hi again Ex, I have been loading up on Pure Gold and Santacruz last week. When Pure Gold comes out with the news release that mentions commercial status, this stock will POP!

          Jul 30, 2021 30:08 PM

          Nice DT. I still have core positions in both Pure Gold and Santacruz Silver, and still believe both companies have a bright future.

          The sell-off in Pure Gold was overdone based on their initial challenges getting the mine ramped up to commercial production, but most of that was due to waste rock from “overbreak” affecting the grade, along with the initial commissioning of the mill not being their highest grade ore (which is normal for companies to do when getting a new mill up and running). They corrected the overbreak issue and their mining strategy right away, and should be humming right along now with more of the targeted head-grade ore running through the plant. What still animates me about Pure Gold is their potential to hit much higher grades at depth through further exploration and all the bluesky exploration upside on the rest of their property that could also feed the mill. As a result I added more to my Pure Gold position last week on July 20th.

          With Santacruz Silver they’ve done and excellent job of turning their operations around at their Rosario mine and on getting control of the Zimapan mine from the private company (which was a transitional moment for the company). They were the tiniest market cap Silver producer, behind Impact Silver, until this year, but now SCZ has held onto more gains while IPT has pulled back so I see Impact as more undervalue now. I used to pair trade the 2 back and forth, but have decided to just keep accumulating both on pullbacks. I did add some to my Santacruz Silver position on July 20th last week as well, and have been pleased with the run higher over the last week or so.

          Ever Upward!

    Jul 30, 2021 30:55 PM

    Mark my words, in the move that is now coming soon, the juniors will crush the seniors by a margin that we haven’t seen in many years.

    SILJ:GDX
    https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=1&mn=5&dy=0&id=p83506317760&a=995813078

        Jul 30, 2021 30:31 PM

        I look forward to when the Juniors start trouncing the Seniors again, and when the sector gets a raging PM bull market going.

        Thanks for the charts Matthew.

          Jul 30, 2021 30:50 PM

          I should have pointed out that the seniors haven’t looked so good in decades if ever so it will really be something when (ok, if) our juniors crush them.

            Jul 30, 2021 30:10 PM

            It will be just fine if the seniors want to run higher with some strength, and then the juniors play catch up and run even harder.

            Jul 30, 2021 30:19 PM

            Degrees of that are certain to come and go throughout the coming intermediate rise.

      Jul 30, 2021 30:21 PM

      I love it when you talk dirty.

        Jul 30, 2021 30:43 PM

        Can’t help it in this sector! 😜

      Jul 30, 2021 30:31 PM

      Great chart – looks like the next 2 months will be great for silver – g/s ratio looks like it’s about to roll over

    Jul 30, 2021 30:26 PM

    Nibbled on some perpetua and pure gold today.

    Jul 30, 2021 30:26 PM

    Seems to me, that initial pop off the bottom in miners counts for a lot when you’re all in. Gary Savage has the balls to go all in at the bottom, knowing he can stop out. Doc often misses the bottom, (treads lightly), I think, because he has more money than God