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SilverCrest Metals – Macro comments on fund flows and real rates, plus a constructions update from the Las Chispas Project

Cory댊
August 12, 2021

Chris Ritchie, President of SilverCrest Metals (TSX:SIL – NYSE:SILV) joins us to comment on macro environment for markets and metals and provide an update on the construction at the Las Chispas Project.

On the macro front Chris shares some recent data on fund flows that confirms the fact that the precious metals space is being completely ignored by generalist investors. We also discuss where real rates stand and how the general inflation data is not telling the whole story.

We then transition over to recent news out of SilverCrest focused on the construction update released August 10 for the Las Chispas Property. Chris outlines many aspects of the construction as well as the downside protection the Company offers to investors through it’s margins and available cash if the silver price was to go through a large drop in price.

If you have any further questions for Chris please email us at either Fleck@kereport.com or Shad@kereport.com.

Click here to visit the SilverCrest Metals website.

Discussion
8 Comments
    Aug 12, 2021 12:40 AM

    Matt,scooping up Galleon shares today(fire sale)
    Cheers

    Aug 12, 2021 12:35 AM

    CPI Fuel And The Smoldering Inflation Fire

    Monica Kingsley – Wednesday August 11, 2021

    “For all the CPI hoopla, remember that this is a monthly figure – all data tend to fluctuate, especially those heavily massaged ones (substitution, hedonistic adjustments, owners’equivalent rent coupled with exclusion of certain essentials for their prices are deemed too volatile).”

    “The Fed keeps walking a very fine line, and it’s a success that the market isn’t revolting – given the infrastructure bill passing Senate, calls on OPEC+ to increase production, it’s clear to me that whatever today’s figure, inflation will keep being a thorn in its side for a long time – as simple as putting 2 + 2 together.”

    https://www.kitco.com/commentaries/2021-08-11/CPI-fuel-and-the-smoldering-inflation-fire.html

      Aug 12, 2021 12:39 AM

      In the editorial above with Chris from Silvercrest, he touches on some of these points regarding how the way inflation is calculated in the CPI is masking or massaging some of these areas of true inflation, but this has been the case for some time now.

      It was really nice to get Chris’s macro thoughts on the markets as well as an update on how Silvercrest is proceeding with development on their pathway to production as well as continuing to have exploration success.

    Aug 12, 2021 12:45 AM

    This sounds like an inside job to me, Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of $613 million in digital coins they stole. $260 million of the stolen funds have been returned leaving $353 million outstanding. You can’t blame this theft on The Russians, they would never have returned any of the money.

      Aug 12, 2021 12:14 PM

      Good point

    Aug 12, 2021 12:05 AM

    daily gdx is testing out the TD9 horizontal support, twice now…price is oscillating around the lower sub-channel trend-line, twice now….volume is light so far on this retest,what you want….in my method if price closes above the OUL at 32.86 i have an RSI confirmed bottom signal…however, technicals say this is not yet ready to occur……i will await more clarity….

    https://tos.mx/eURH0t2

    Aug 13, 2021 13:40 AM

    Here’s Exactly When Gold Bottoms

    August 13, 2021 Jordan Roy-Byrne CMT, MFTA

    https://thedailygold.com/heres-exactly-when-gold-bottoms/

    Aug 13, 2021 13:13 AM

    PCR tests do not work- see CDC bulletins. Its all a joke, on us.