Portfolio management for the gold stock investor
Dave Erlfe, Founder of The Junior Miner Junky joins us to discuss the drop in gold, just how much lower gold could go, and how he is managing his portfolio. We focus a lot on portfolio management because this as the market is fading we are hearing a lot of commentators saying “buy now, stocks are cheap” but is that really the best strategy?
Click here to visit the Junior Miner Junky website and follow along with the companies Dave likes.
Haha! Good one IrishT. Yes, BTFD.
EX… Thats what i do , but only PHY.
That’s a solid plan buying the physical Silver IrishT. Keep stackin’!
I’m mostly exposed to insitu silver, held in the vault of the Earth, through the 2 dozen Silver mining companies in my trading account. While that is less of an insurance plan and more of speculative play with counterparty risks, it’s a big area of focus.
My interest in the Silver miners started initially from a few years of buying and selling the physical coins, but the bullion achieves a different place in one’s asset diversification and is more of a store of value.
Good point. There is nothing “temporary” or “transitory” about any of these government policies, and they simply become the new normal.
Hi Shad….. You know me , i just try to point people , in the right direction.
Yes indeed. Thanks for your contributions sir.
Off topic, but important none the less, particularly if you’re 20-40 years of age. We old timers already know our risks. Do yourself a favor and listen to Neil Howe who really doesn’t have a dog in this fight. Not political. https://app.hedgeye.com/e/Pv!/a85)rQ/event-long-covid-casts-a-long-shadow?utm_content=demo-unplugged-3-for-1-oim
Neil Howe is the coauthor of the 1997 book, The Fourth Turning
https://app.hedgeye.com/e/Pv!/a85)rQ/event-long-covid-casts-a-long-shadow?utm_content=demo-unplugged-3-for-1-oim
I was slightly off. It was published Dec. 1, 1996
https://www.amazon.com/Fourth-Turning-American-Prophecy-Rendezvous/dp/0767900464
Thanks Mathew, Looks like a good read. Just ordered it.
John, I think it’s worthwhile.
Thanks Matthew for adding the info on Neil Howe. I guess I assumed most on these pages would probably know of his co-authorship of the Fourth Turning. An exceptional book imo.
SD, that’s an understandable assumption in my opinion. I’m sure most here have known of the book for many years.
(SGI) (SUPGF) Superior Gold Inc. 2021 Q2 – Results – Earnings Call Corporate Presentation
Aug. 10, 2021
https://static.seekingalpha.com/uploads/sa_presentations/453/73453/original.pdf
Superior Gold is one of the “Turnaround” stories I’m playing at the moment, along McEwen Mining, and I’m back in Americas Gold and Silver again.
With Superior Gold, they’ve had some issues to overcome the last 2 years, have had higher costs than many producers, some changes in personnel at the top, and some optimization in strategy that has been underway. At this point (SGI) is still not very loved by the market, but they are still viewed in the lens of the past or present, and not for where things are headed as they continue to explore, expand, increase production output, and keep working on bringing costs down.
With the metals prices decreasing, they are getting hit exceptionally hard to the downside, because their margins are contracting more on a percentage basis than other lower cost operators, but people should consider that the opposite will also be true. When the metals prices do climb higher again (and they will eventually), then the margins of SGI will be greatly impacted to the upside on a percentage basis compared to peers, and so they’ll be highly torqued and leveraged to rising prices, in addition to their operational turnaround and exploration success.
(SGI) (SUPGF) Superior Gold – Second Quarter Highlights
– Increased production by 28% over prior year period and 10% over the first quarter of 2021 to 19,356 ounces, with sales of 19,099 ounces
– Maintained strong mined stope grade of 3.3 g/t gold in the second quarter
– Commenced open pit mining at Plutonic East on schedule increasing surface feed grade
– Metallurgical recovery increased to 88% from 86% in the first quarter of 2021 as a result of higher head grades due to the contribution of Plutonic East open pit ore
– Realized a record average gold price of $1,801/ounce above All-In Sustaining Cost1 (“AISC”) of $1,519/ounce
– Net income for the period of $0.01 per share and adjusted net income of $0.01 per share
– Generated cash flow from operations of $4.9 million after working capital changes prior to the repayment of the gold loan
– Early full repayment of the Auramet gold loan and exited the second quarter with zero term debt
– Strong financial position of $17.4 million in cash and cash equivalents
– Announced additional positive exploration results which included 14.8 g/t gold over 13.4 metres at the Baltic Gap Mining Front
(MKO) (MAKOF) Mako Mining Provides Operating Results for July
August 9, 2021
Akiba Leisman, Chief Executive Officer of Mako states that, “this operating update continues to highlight the extraordinary grades being mined and processed at San Albino, especially considering that mining of the Porcelana Zone, a zone with the highest grade-thickness profile encountered at San Albino, is just now commencing. Furthermore, even though the mine just entered commercial production in July, the cash flow being generated at San Albino is providing the flexibility to begin repaying debt, continue funding an aggressive exploration program and start planning for the return of capital to shareholders.”
(SILV) (SIL) SilverCrest Provides Las Chispas Construction Update
10 Aug 2021
– Construction Tracking on Schedule
– Capital Spend In-line with Budget
– Underground Development Well Advanced
– Optimization Work Ongoing
– Funding Position Remains Strong, Near-Term Cash Flow
Pierre Beaudoin, COO, remarked “We are extremely proud of our team and contractors who have worked together to safely set the construction on a positive path with numerous critical construction milestones completed in H1, 2021. We are very pleased with the progress to date which includes on time and on budget construction since the formal start on February 1, 2021. We expect to reach approximately 80% completion of construction by the end of 2021, with plant ore commissioning expected as planned in late Q2, 2022”.
https://www.silvercrestmetals.com/news/2021/index.php?content_id=472
Red Alert: Covid internment camps announced in America
On Friday, Tennessee Gov. Bill Lee signed Executive Order 83, which authorizes National Guard and State Guard troops to break into peoples’ homes, kidnap them at gunpoint, and take them to covid internment camps, all without any due process or respect for civil rights. Individuals can be targeted for this medical kidnapping by armed troops via “telephone assessments,” and the medical kidnapping of American citizens is being labeled “involuntary commitment” to “temporary quarantine and isolation facilities.”
The Tennessee EO is on top of the CDC’s announcement that covid camps will be set up on a nationwide basis, with people being medically kidnapped and taken to “humanitarian settings” where they will be forced into labor pools, just like a scene ripped right out of Nazi Germany.
Here is the Executive Order 83 being referenced in it’s totality.
I don’t see those “authorizations to kidnap people at gunpoint and take them to covid interment camps” on here, based on telephone assessments. Most of the bill is focused around increasing the amount of healthcare workers that can be present expanding on who will be able to work.
It appears the telephone assessments in question are found in section #14.
______________________________________________________________________________
“The provisions of Tennessee Code Annotated, Section 33-4-108, are hereby suspended to the extent necessary to allow the issuance of a certificate of need under Tennessee Code Annotated, Section 33-6-404, for the emergency involuntary commitment of a person with a mental illness or serious emotional disturbance based upon a telephone assessment of such person by a mandatory pre-screening agentdesignated pursuant to Tennessee Code Annotated, Sections 33-6-104 and 33-6-427, if the following conditions are met:”
“a. The mandatory pre-screening agent is not reasonably able to conduct an
evaluation in-person or via readily available telehealth services; and”
“b. The mandatory pre-screening agent determines in the agent’s professional
judgment that conducting the assessment via telephone with the person is
clinically appropriate. ”
https://publications.tnsosfiles.com/pub/execorders/exec-orders-lee83.pdf
CFS……. uncovered the issue over in the Orphan Section……..
My post was merely a HEADS UP for what is potentially coming, and which already exist in the minds of NWO…. 🙂
Ah. Thanks for the heads up OOTB, and for keeping people informed over in the Orphan Section.
Yes, CFS is in Nashville, TN, and I just left there last year, but have family & friends there, so it concerned me at first glance. Yes, I’m sure there is a point down the road where they may all consider anyone that doesn’t agree with the official narrative “mentally ill” and then they’ll be able to assess that noncompliant people will have to be made compliant, possibly by force. That would be a grim future indeed, but not a surprising one based on the way things have been unfolding.
It brings to mind that crazy scene from the anti-utopina move Brazil.
Brazil Movie Clip – “A Receipt for Your Husband” (1985)
Now that is very ……humm….. interesting…. 🙂
To make the stats look good, the people will not report they are sick, die at home and be buried in the back yard. Governor’s with bad stats will look so much better.
Gold pop up pre market…and that would be why?
The Dollar Index broke its July high by .0002 and then pulled back.
This matched Gold’s move (see above).
Big dump on palladium at open. 3 candles worth…must be one of those sellers than wants worst possible price. A lot of them in the fraudulent paper markets.
Some miners up… some miners down ….open for 40 + miners -$429. What’s new.
NKOSF- 1st time buyer @ $.90
Did SSRM put a low? RSI is confirming it probably did. Price is making higher lows
Yesterday it matched GLD, HUI, GOLD and NEM
in downside saturation: https://tinyurl.com/apjx59rc
Possible swing low IF the Dollar does not reverse (see above).
Wonder why my Barrick shorts are not doing well Ha
Current Dollar Index : https://postimg.cc/wt78Yg2f
Interesting saturation levels from the 10th. Thanks BDC.
Hopefully, Doc bought Jaguar today, because I did.
The candy store door was ajar, not open, so probably not.
The Gold weekly may be forming a triple bottom — spiked!
Nice BDC. I picked up some more Jaguar today but it is starting to become weighted about as heavy as I want it in my portfolio. Having said that I’m prepared to add on more tranche at lower levels if the PMs stay in the hurt locker for longer.
As mentioned on another thread, I sold this morning (cannot afford inventory) and it appears there will be some more downside for the miners; but a high note is that the price of Gold is holding up very well considering Dollar strength. Latest: https://postimg.cc/v4WV57c9 (now 92.9898).
Those who only follow price sold a lot of shares in recent days when they should have held or bought.
https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=1&dy=15&id=p65539676459&a=994644671
It was weeks ago that I said this chart held very bullish implications for the whole sector and it still does. It’s only Wednesday but that’s a very nice weekly bull hammer:
https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=W&yr=3&mn=11&dy=0&id=p62547200940&a=983754777
Thanks Matthew. Yes, nice to see that weekly Golden Cross.
Last Friday, before our resident chicken littles hatched:
On August 6, 2021 at 8:45 am,
Matthew says:
It is also bullish that SILJ is up vs silver on a bad day for silver:
https://stockcharts.com/h-sc/ui?s=SILJ%3ASLV&p=D&yr=1&mn=8&dy=0&id=p38495532221&a=705143124
Looks like an imminent breakout for SILJ vs GDX…
On August 6, 2021 at 8:43 am,
Matthew says:
SILJ is still clearly bullish relative to GDX and that’s a good sign for the whole sector.
SILJ:GDX
https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=1&mn=6&dy=0&id=p55326082305&a=995813078
On Sunday, well before the Sunday night plunge:
On August 8, 2021 at 12:49 pm,
Matthew says:
SILJ vs SLV managed to take back the important weekly “P” pivot after three weekly closes below it…
https://stockcharts.com/h-sc/ui?s=SILJ%3ASLV&p=W&yr=6&mn=11&dy=0&id=p02636847292&a=795168406
Here’s the real Trump:
Trump tells his followers to get vaccinated, criticizes J&J pause
https://thehill.com/changing-america/well-being/prevention-cures/549151-trump-tells-his-followers-to-get-vaccinated
Here’s the real FOX:
Fox News Personalities Started to Promote COVID-19 Vaccines. Viewers Have Taken Notice
https://morningconsult.com/2021/08/04/fox-news-viewers-covid-vaccine-hesitancy/
Faux Fox…… lol……. Junk at this point…
At every point.
agree……
And here’s Rand Paul:
“They can’t arrest all of us”: Rand Paul calls for defiance against COVID-19 restrictions
https://news.yahoo.com/cant-arrest-us-rand-paul-212500920.html
As I’ve said for years, Trump is the same as he ever was, a New York Democrat, complete with Epstein ties and the rest.
Trumpster and GOP…… are history……. mostly all liars at this point…. if, you can find 10 real repubs in congress, you will be lucky…. time for another party….
Creating a new party will solve nothing as long as the masses are amoral, unprincipled and criminally ignorant. The masses make tyranny possible more than any of the elite do. Idiots.
Then we are doomed……… 🙂
Matt. Maybe consider moving to a place with no masses. LOL
As for Trump, he’s not a democrap, repugnican, or anything else. Just an idiot with a bunch of amoral masses, following him for entertainment.
If it were possible, I would steer completely clear of the scary stupid masses. LOL 🙄
doing some renovation. Prices for lumber at a nine month low today. At Home Depot, lumber, including the plywood I bought, is at an all time high. Can’t be blamed on lack of supply, mills are drowning in inventory.
That’s right. It’s due to an oversupply of counterfeited currency courtesy of our Marxist central bank.
It is due to the destruction to society that currency debasement causes that the Act of April 30, 1790 authorized the death penalty for counterfeiting. The concern was counterfeiting on a scale only powerful people could pull off. The Act was not motivated by small time criminals who make their neighbors jealous.
The MSM, social media, big tech and the rest of the Left are following Joseph Goebbels’ prescription perfectly:
“Propaganda must facilitate the displacement of aggression by specifying the targets for hatred.”
https://charleseisenstein.substack.com/p/mob-morality-and-the-unvaxxed
Can i put this here ?
https://preview.redd.it/yncyaj3bhjg71.jpg?width=640&crop=smart&auto=webp&s=9cfeb3f450b3a7c8e40e1df70cf5b56cee937fb7