Erik Wetterling – Waiting On Drill Assay Results Has Created An Odd Seasonality In Precious Metals Exploration Stocks

Erik Wetterling, Founder and Editor of The Hedgeless Horseman, joins us to discuss the recent bounce in gold and silver and the precious metals stocks.  Next we dive into the odd seasonality where the industry is awaiting a flood of drill assays from most companies going into a time of year where most of the news has usually come in, which may provide an interesting pipeline of exploration news during the slower winter months. Erik then shares a few companies that he thinks are doing good work and that have upcoming news catalysts.



Companies discussed:


Prosper Gold (TSX.V: PGX)  (OTC: PGXFF)

Kingfisher Metals (TSX.V: KFR) (OTC: KGFMF)

Dolly Varden Silver (TSX.V: DV) (OTC: DOLLF)

Mayfair Gold Corp (TSX.V: MFG) (OTC: MFGCF)


    Oct 15, 2021 15:09 AM

    It’s always nice to get The Hedgeless Horseman’s thoughts on the junior mining stock sector, and Erik raises a great point that we may see a flurry of exploration drill assays flood the market over the next few months and all the way into Q1 2022, which will support the sector with fundamental news up until the planning for next years drill program.
    It could be that the Summer drill programs will make for an exciting Fall/Winter news season.

    Oct 15, 2021 15:30 AM

    (SSVR) (SSVRF) Summa Silver Commences Drill Program at the Historically Producing High-Grade Silver-Gold Mogollon Property, New Mexico
    15 Oct 2021

      Oct 15, 2021 15:24 AM

      I need to plan my next road trip to Silver City and Mogollon –;-}

        Oct 15, 2021 15:47 AM

        The first time I drove through Mogollon I came from the east through the Gila National Forest. That’s one tiny and remote town! It’s been 40 years since I visited Silver City.

          Oct 15, 2021 15:20 PM

          Matthew – very cool! How was that road, NM159, heading from the east to Mogollon? I’m told it is worse than the stretch going up the hill from Silver City and US 180 which is a bit scary! I have a friend who drove it at night and she suggested I carry a satellite phone with me if I tried it –;-}

            Oct 15, 2021 15:52 PM

            Mike, I don’t recall much about the road except that the scenery was great. I do know for sure that it was mid September and the weather was perfect so that might be the reason I don’t recall anything scary. I was driving a Ford F350 but never needed 4-wheel drive or the ground clearance that it had. I’d definitely remember if it was that rough. But it’s been 20 years so you probably shouldn’t make any assumptions based on my experience!

    Oct 15, 2021 15:44 AM

    3 Most Important Things for Junior Gold Stocks
    October 08, 2021 – Jordan Roy-Byrne CMT, MFTA
    -The first factor is “fundamental quality.”
    -The second thing is “odds of success.”
    -Last but not least is “upside potential.”

    Oct 15, 2021 15:47 AM

    (FSX) (FSXLF) Fosterville South Reports Assays from First Core Drill Hole at Beechworth Gold Project With Hole HBDH001 Returning 8.6m at 5.22 g/t Gold including 3.6m at 10.72 g/t Gold
    by @newswire on 15 Oct 2021

      Oct 15, 2021 15:27 PM

      It certainly had a nice gain on Wed. Think I’ll wait a bit and see if calms down before I add more.

      By the way, I may just become M, so much easier to type than Mike from Albuquerque –;-}

    Oct 15, 2021 15:33 AM

    E.B. Tucker out with several good comments …. at the stansberry Cambone site… not going to post it,…

      Oct 15, 2021 15:49 AM

      Thanks for the heads up. I’ll go ahead and post it as I enjoy a good E.B. Tucker rant. 🙂
      Not Thinking Like the Wealthy Will Cost You Everything, Warns E.B. Tucker

      Stansberry Research – Oct 14, 2021
      There are no tightening signals from the Fed, even though they have hinted otherwise, asserts E.B. Tucker, author of “Why Gold, Why Now?”
      He tells our Daniela Cambone that U.S. stock markets are, “stalling out right now, and something drastic has got to happen.” He highlights the erosion of wealth savings in the U.S. right now, and says the nuance of his book describes gold as only a small fraction of the pie.
      E.B. says the rising trend of NFT values should be cautioned in his view, correlating hot stocks during a “boom” to a lack of buyers once the wave dies down.
      He believes inflation is much more present than central bankers insinuate, saying “everyone is telling you prices are going up [at super markets].”
      E.B. concludes that energy prices are not going down, but instead, “are going higher, much higher.”

        Oct 15, 2021 15:17 PM

        EB and Daniela. Good stuff. Thanks

    Oct 15, 2021 15:50 AM

    Stagflation not properly priced into financial markets – Crescat Capital
    Oct. 15, 2021 – By: Brian Stewart

    Oct 15, 2021 15:09 AM

    Bonzo had not bought anything since August 9, but he nibbled on Irving yesterday. So many cheap miners out there! Fortunately I sold PFE@50 and USAS@1.71, but it has been brutal. Our day will come.
    Let’s go, Brandon!

      Oct 15, 2021 15:14 AM

      Hi bonzo Lets go Brandon … Indeed.

        Oct 15, 2021 15:47 AM

        Hi Tony, just heard that Waterford, Ireland has the most jabbed adults (99.7%) in Ireland and also the most Covid cases, which they are blaming on the unjabbed non-GMO .3% . Insanity rules.

          Oct 15, 2021 15:56 AM

          Hi Bonzo, I’d say stupidity rules. The most ignorant parts of the populations everywhere have been weaponized to slay us all. The bankster class would be able to pull off any of their diabolical plans if not for all the idiots who are willing to help them.

            Oct 15, 2021 15:38 PM

            Hi Matthew,
            I have investing in 30/30, .38 special, 00 buckshot, and .357 magnum ammo which may go up more than gold.

            Oct 15, 2021 15:40 PM

            Bonzo you could melt down your junk silver and make your own silver bullets like the Lone Ranger. Those would definitely go up in price.

    Oct 15, 2021 15:52 AM

    Freaky Friday…………..again……………….

    Oct 15, 2021 15:58 AM

    Silver’s mild pullback makes perfect sense after yesterday’s touch of downtrend resistance:

    Oct 15, 2021 15:03 AM

    ASA fell 4.5% this morning but is now down just .5%. The ETFs have shown similar action and silver is down much less than gold. Overall, the miners are acting perfectly bullishly considering gold’s decline.

    Oct 15, 2021 15:28 PM

    Everything I learned in Econ 101 is making sense. According to Mark Levin, Joe Biden is beholden to the workers unions. Which implies, supply chain issues out of California due to over-regulation shall not soon be resolved.

    Oct 16, 2021 16:49 AM

    Thank you, always learn something from HH.
    James Kunstler talking with Doug Casey. Last 20 minutes about gold, silver, oil, uranium, SPX.