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Jordan Roy-Byrne – How To Separate Signal From Noise In The Precious Metals Markets

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us with his look forward into how the precious metals markets will respond to future Fed policy, and how to separate the quantifiable data signals from the narrative noise in the markets. Next we pivot into what the bond markets may be indicating in their recent response to economic data.

 

Jordan provides some of the key pricing levels, moving averages, and intermarket analysis he’s watching closely in gold and the mining stocks.  We wrap up with getting Jordan’s thoughts on why he is most interested in the precious metals developers and producers at this point in the cycle, and how exploration success in the more established companies can still move the needle, but with legitimate assets underpinning these mining stocks.

Click here to visit Jordan’s site – The Daily Gold.

Discussion
83 Comments
    Nov 03, 2021 03:00 PM

    Federal Reserve To Begin Slowing Its Pace Of Asset Purchases This Month
    .
    Brian Cheung – Wed, November 3, 2021
    .
    “The Federal Reserve on Wednesday said it would start slowing its pace of asset purchases, the first step in paring back its COVID-era easy money policies.”
    .
    “In light of the substantial further progress the economy has made toward the committee’s goals since last December, the Committee decided to begin reducing the monthly pace of its net asset purchases,” the policy-setting Federal Open Market Committee said in its updated policy statement Wednesday.
    .
    “Since the depths of the pandemic, the central bank has been directly buying U.S. Treasuries and agency mortgage-backed securities to signal its support of the economic recovery. As of now, the Fed is pacing its purchases at a clip of about $120 billion per month.”
    .
    “But the Fed said Wednesday it will gradually slow the pace of those purchases by about $15 billion per month, as part of a plan to bring its so-called quantitative easing program to a full stop by the middle of next year. The taper will begin “later this month” and will continue at that $15 billion pace through December, although the FOMC clarified it could change the pace of taper as needed.”
    .
    https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-november-2021-140503059.html

    Nov 03, 2021 03:31 PM

    This was a particularly great interview with Jordan, and he was spot on when he got into following the data points and signal, and tuning out some of the market narrative noise.
    .
    I also completely agree with the point he made that during times of indecision and the inability to know what future market reactions will be, it is best to instead, focus on becoming an expert in the companies as he outlined. Jordan mentioned doing the homework to better understand the lay of the land and isolate the better companies (like the holy grail developers and producers with exploration upside that he discussed) out of the pool of mining stocks. Bingo!
    .
    Jordan is right on the money, and it has been the time to inspect the mining companies and get one’s watchlists together to be able pounce on any future pullbacks and weakness we see in the near term from any remaining tax loss selling. With most of the macro economic pundits and the technical analysists we’ve brought on the show seeing a more bullish setup in the PMs for 2022, then any more weakness could be a great opportunity to make some remaining portfolio acquisitions.

      Nov 03, 2021 03:18 PM

      speaking of growth-oriented producers with big exploration upside….
      .
      ______________________________________________________________________________________________________
      .
      (CXB) (CXBMF) Calibre Reports Strong Third Quarter and Year-to-Date 2021 Results, on Track to Achieve Upper End of 2021 Production Guidance, Advancing Acquisition of Fiore Gold Creating a Diversified, Americas-Focused, Growing Mid-Tier Gold Producer
      – November 3, 2021
      .
      https://www.calibremining.com/news/calibre-reports-strong-third-quarter-and-year-to-d-3659/

    Nov 03, 2021 03:13 PM

    Jordan referenced Bob Moriarty on that line about following the “signal versus noise”, and Bob was out today with a nice writeup on Eloro Resources, one of the explorers that is standing out with wide economic drill intercepts at their Bolivian Silver / Tin porphyry system.
    .

    (ELO) (ELRRF) Eloro Hits Bigly
    .
    Bob Moriarty – Nov 3, 2021
    .
    “The last time I talked to Tom Larsen of Eloro, the company had 8,000 assays outstanding. They can look at the core and know they are in mineralization but don’t have hard numbers. Progress on the assays are being made and they are down to 3,000 assays outstanding.”
    .
    “On November 2, 2021 Eloro put out a press release again showing outstanding numbers. They highlighted 188.5 meters of 100 g/t Ag eq/t consisting of 38.71 g/t Ag, 0.88% Zn and 0.51% Pb. That’s one of the longer holes and contains $72 rock over an incredible length.”

    .

    “Within that 188 meter hole there was a higher-grade interval of 65.8 meters of 75.51 g/t Ag with 0.16% Cu, 0.65% Pb and 0.96% Zn worth an interesting $122 USD per tonne.”
    .
    “In another hole they showed 224.92 g/t Ag eq over 7.42 meters. In that hole they showed 0.55% Sn (tin). They are using an absurdly low price for tin. Currently, 5.5 kilos of tin is worth $212 all by itself.”
    .
    “When the dust has settled and the assay labs get caught up and ELO has a dozen drill rigs turning on Iska Iska, they are almost certainly going to show over 2 billion tonnes of $100 rock. This is one of the best stories in the last twenty years. It is still way below the radar screen of most investors even with an absurd market cap today of about $225 million CAD.”
    .
    http://www.321gold.com/editorials/moriarty/moriarty110321.html

      Nov 03, 2021 03:01 PM

      Economic Mongoloids.. careful.

      I heard Moriarty mentioned but not Eloro. Is it a producer? The focus of Jordan’s recommendation was producers with exploratation upside at this stage and he stressed this point several times.

        Nov 04, 2021 04:46 AM

        Yes, Bob M. was mentioned about the signal versus noise, and I saw Bob’s editorial out about Eloro and posted it, because it was relevant and was about a signal – actual quantifiable drill results, and because I felt like posting it. I never stated that Eloro was a producer, and Terry nobody on this blog is restricted to only posting about producers on here, so relax.
        .
        I’m quite aware of what Jordan said in the interview, as the one that was interviewing him and asked the question as to which type of mining companies had his eye, so it wasn’t necessary to let me know again what he discussed in the interview. He also said he wasn’t opposed to explorers once he felt gold was moving higher towards $1900 and that he was watching more than just producers and developers.
        .
        It is an editorial from someone I respect (Bob M.), as well as recapping significant news out from Eloro from Nov 2nd. Eloro is a company that Cory & I have interviewed on the KER 5 times now already, that has Quinton involved that is a frequent guest on our show to discussion multiple companies, and a company that our guest Erik Wetterling just reviewed on the show 2 weeks back, so a very relevant post overall.

          Nov 04, 2021 04:56 AM

          Erik Wetterling – A Discussion on the market values of Novo Resources and Eloro Resources
          .
          Korelin Economics Report – Oct 21, 2020
          .
          http://www.kereport.com/2021/10/21/erik-wetterling-a-discussion-on-the-market-values-of-novo-resources-and-eloro-resources/

            Nov 04, 2021 04:59 AM

            (ELO) (ELRFF) Eloro Resources – Recapping the recent drill results at the Iska Iska Property, yielding 129.65g/t AgEq over 300.75 meters
            .
            Korelin Economics Report
            .
            “Quinton Hennigh, Technical Advisor at Eloro Resources (TSX.V:ELO – OTCQX:ELRRF) joins us to share some more information and answer some of your questions on the drill results released on July 28 from the Iska Iska Polymetallic Project, in Bolivia. We discuss the different metals that encompass the drill results and how each metal contributes to future economics.”
            .
            http://www.kereport.com/2021/07/30/eloro-resources-recapping-the-recent-drill-results-at-the-iska-iska-property-yielding-129-65g-t-ageq-over-300-75-meters/

            Nov 04, 2021 04:52 AM

            NVO continues its decent, $1.60 now and no longer looking for the nuggety stuff on the surface. According to reports from the company, they’re down in the basement looking for gold. I’m not touching this thing until it hits a buck, $1.00/share or less.

            Nov 04, 2021 04:58 AM

            You may be right about the price action, and I’d be willing to buy more Novo around a buck as well, but you’re only half-right about the gold they’re looking for and our mixing the messages there.
            .
            They absolutely have not given up on the gold nuggets in Karratha at Comet Well or Purdy’s reward, or at Egina and are still planning on using the ore sorting at those locations, with on-going testing and trials underway. However, what they’ve announced is that in addition to those efforts at their other exploration projects, that they are now looking at the basement rock at the newer targets that they’ve been recently drilling closer to Beaton’s Creek, as it is a different style of mineralization and different geological setting. To state they’re no longer looking for nuggety stuff is just simply not true.

          Nov 04, 2021 04:32 AM

          You know what I’m talking about. It was very clumsy of you when it was clear his message was about producers. Of course you can say whatever you want and that’s just what you did, however disingenuous.

            Nov 04, 2021 04:41 AM

            There was nothing clumsy or disingenuous about it Terry, and that post had nothing to do with Jordan’s comments on producers. You’re just being argumentative for the sake of it again.
            .
            Look, if you don’t want to read an industry veteran’s take on breaking drill news from a company we’ve regularly interviewed, here on the KE Report, or that was just referenced 2 weeks back by one of our other guest contributors, then just scan on by. Pretty simple.
            > I don’t need a lecture from you on how to post on this site, but thanks for playing.

          Nov 04, 2021 04:45 AM

          Deceitful, underhanded, sneaky, whatever. You were probably annoyed with JRB comment about project generators and you just couldn’t let him go with his talk about producers. That was a good producer list follow up and you should have just left it there. But no, you had to slip in an explorer. You are very good most of the time but once in a while like this, you make a mistake.
          It’s also a stretch calling NVO a producer as well.

            Nov 04, 2021 04:10 AM

            Terry – What in the hell are you talking about?
            .
            First of all, I had no problem at all with Jordan talking about Producers and Developers, and had already posted down below just the 2 dozen Gold producers I hold in my portfolio – which are a substantial weighting in my account. (3 of which I know Jordan also personally holds in his portfolio, as we talk about producers with each other off the mic quite often).
            .
            I have an additional 10 Silver producers, so why in the world would I have any problem at all with him discussing producers? I loved Jordan’s comments about them and had already stated that, which shoots a hole through your false accusation here.
            .
            > Since you are such a poor reader, let me repost what I wrote up at the top of this in response to Jordan’s interview to clear this up for your muddled thinking:
            .
            “Jordan mentioned doing the homework to better understand the lay of the land and isolate the better companies (like the holy grail developers and producers with exploration upside that he discussed) out of the pool of mining stocks. Bingo!”
            .
            >> So the only one here that is being “Deceitful, underhanded, sneaky” is you dude. Good grief…
            .
            If you listened carefully (which you clearly didn’t), he also said Developers as the other ones he is following. I hold another 2 dozen gold and silver developers beyond the producers I hold, so again why would that bother me discussing that? [here’s a clue — it wouldn’t and I was thrilled to here him say it, as I think too many people are focused on only explorers in the mining space.]
            .
            As for the prospect generators, I don’t own any (except Orogen Royalities, and that is for the their royalties, not the P.G.), so it’s laughable that you think that offended me. If you had any clue what in the world you were talking about, or knew Jordan, or had listened to his previous interviews, you’d know he really is not a fan of Prospect Generators, so that is why I threw that in there as a choice, and why he laughed. We laughed again about that after the call, as it was a bit of an inside joke.
            .
            And yes, Novo Resources IS, in fact, a producer now, something you claimed they wouldn’t ever achieve, so that must really grate on you that your daughter didn’t stop them with her dinosaur bones excavations. 🙂
            .
            Jordan mentioned Bob Moriarty in the interview, so that reminded me to go and look at Bob’s site http://www.321gold.com after that, and he had put out a piece on Eloro Resources — a company we’ve interviewed on the KE Report 5 times now, and that Erik Wetterling just covered with us 2 weeks ago, so it was incredibly relevant to the site… much more so than any of the comments you’ve made on this blog.
            .
            >> You’re so far off the mark on every point you’ve brought up that it’s laughably ridiculous, so just end the nonsense here already Terry. Find some other topic to go get faux outraged about because this has been an epic fail for you.

          Nov 04, 2021 04:14 AM

          The way you’re talking today Ex, I’m gonna position you below the Economic Mongoloids on the continuum. Just for today anyway, we’ll see how you do in the future.

            Nov 04, 2021 04:19 AM

            No idea what you are talking about Terry. You came up with the fake news narrative, and publicly attacked my integrity, and then I unpacked how ridiculous your comments were.
            .
            For about a dozen years, I’ve made the point on here to discuss how well producers can perform, how they are my preferred vehicles for the PM space, and I’ve been working to bring more of them on the show this year for interviews. In addition, I’ve been the one asking our guests in interviews about the developers, because again I hold about 2 dozen of them in my portfolio. You punched first, and it didn’t come close to landing because of how off-base it was.
            .
            It was nice, however, to give the Eloro piece so much more attention than it would have received if not from your faux outrage about Bob Moriarty’s article, and exploration stocks, so in that sense… thanks, I guess.
            .
            (ELO) Eloro up about 5% on the day, while GDX and GDXJ are both down. Nice!

            Nov 04, 2021 04:12 PM

            Ex is a high IQ gifted person…Leave him alone…Lucky fate put him here..imho🔊🔆

    BDC
    Nov 03, 2021 03:48 PM

    Dollar Update : https://tinyurl.com/4sbsabua : NFP on tap!

      Nov 03, 2021 03:54 PM

      Thanks BDC. It will be interesting to see if that up-trending crow line in the dollar holds, or if the greenback will break below it.

        BDC
        Nov 03, 2021 03:56 PM

        Yes. Then Monday’s chart, when updated, would show something akin to a failed Gartley, where neither the Target, nor even the September high, could be reached. Another possibility is that the Dollar and Gold rise together, in a staggered manner.
        .
        Boutros likes both Gold and the Dollar! In a presentation much earlier today his $1756 came within $4 of Gold’s low: https://www.youtube.com/watch?v=QMXNwoVUmGI.

          Nov 03, 2021 03:07 PM

          That would make sense in a safe haven move, where people flock to both the dollar and gold at the same time, and we’ve seen both currencies move in tandem before (both up and down), so they don’t have to be inversely correlated, and often aren’t.

          BDC
          Nov 03, 2021 03:17 PM

          He also mentioned an Oil pull back into Friday.
          SPQ(Others) : https://tinyurl.com/n3usfa27
          [s/b “September 2020 high” above.]

            Nov 03, 2021 03:52 PM

            Interesting. I just took out a small position today in (ERY) Direxion Daily Energy Bear 2X Shares, as the Energy markets are looking a bit frothy at present.

    Nov 03, 2021 03:00 PM

    Goldupdate!

    Nothing has changed since I mentioned right shoulder would break and going bullish a month ago or so at the perfect time!

    Todays bs and anticipated sheep fomc meeting was nothing but swivel and keep the idiots entertained..

    The markets have reacted and get ready for some fireworks! In fact you don’t get may posters giving you direction without emotion or plan b or c.

    I said it a week ago Jerry is my witness we will go up and get $1810 and then go higher to capture that liquidity.

    Those algos are going to have to release soon lol and will catch many and I mean many chasing fast.. still we have very bearish sentiment which I love. Keep the bearishness coming.

    Glen

    Nov 03, 2021 03:01 PM
      Nov 03, 2021 03:14 PM

      Sounds good…looks good too.

    Nov 03, 2021 03:06 PM

    The dollar is probably going to have a problem if it closes tomorrow one-tenth of one percent lower.
    https://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=1&mn=0&dy=0&id=p27010873309&a=1047346933

    Nov 03, 2021 03:12 PM

    Hecla closed at an important and pivotal level today and reports earnings before the bell tomorrow.
    https://stockcharts.com/h-sc/ui?s=HL&p=W&yr=2&mn=9&dy=0&id=p26426625421&a=856744223

    Nov 03, 2021 03:47 PM

    While Powell and the guys are smoking cigars and sipping cognac, the futures market is up. Maybe they will sleep through til Saturday.

    Nov 03, 2021 03:30 PM

    Agree with Jordan’s criteria for success- companies producing now with exploration success. A number of examples have been mentioned on this site, IPT, CXB, EQX, and others.
    I wonder about IAG after its recent stutter steps. Any comments from those who like it?

      Nov 03, 2021 03:04 PM

      Yep, those (IPT, CXB, EQX, IAG) are all growth-oriented producers with lots of exploration upside. There are a few dozen of them really.
      .
      At present in my portfolio I have positions in the following growth-oriented gold producers with exploration upside:
      .
      Kinross Gold
      Equinox Gold
      Alamos Gold
      Argonaut Gold
      Calibre Mining
      Karora Resources
      Jaguar Mining
      McEwen Mining
      Galiano Gold
      Superior Gold Inc
      I-80 Gold Corp
      Mako Mining
      Pure Gold Mining
      Aris Gold Corp
      Thor Explorations
      Golden Minerals
      Novo Resources
      Anaconda Mining
      Gold Mountain Mining
      Minera Alamos

        Nov 03, 2021 03:07 PM

        –> That list above doesn’t include the Silver producers with large gold credits (like Hecla or Coeur). Also, while I have a position in Kinross, and feel they definitely have exploration upside, they are almost too large as a major to be in the same category, and move mostly on production metrics and maybe a small amount on near-term development.
        .
        Another one that I’m personally considering buying back into (again), in the near future, is Elevation Mining. As another growth-oriented gold producer with exploration upside, ELVT is one of those stocks that has been absolutely been beaten down hard this correction, and it was the result of a misunderstood merger of Northern Vertex and Eclipse Gold earlier in the year. The risk / reward set-up there is looking more attractive at the present valuation in my opinion, but I’m so stocked up on Gold producers, that I may not give it a very large weighting in my portfolio. Still it has the potential to surprise to the upside from present levels.

          Nov 03, 2021 03:58 PM

          A lot more of Hecla’s revenue comes from gold than silver, about 33% more.

            Nov 03, 2021 03:34 PM

            Good point Matthew. Yeah, I guess Hecla should really be on my Gold producers list instead of the Silver producers list, (even though it could really go on both), but I didn’t want to get into putting producers on two different lists.
            .
            You are correct though that HL is more gold-concentrated than silver-concentrated from a production and revenue standpoint, so as odd as it is to say it, Hecla is essentially a gold company now with credits from silver, lead, zinc, and I need to shift my thinking of it as still being a Silver-focused company.

            Nov 03, 2021 03:13 PM

            It mines enough silver that it moves like a silver stock so keeping it on your silver list might make more sense. All that silver in the ground provides plenty of leverage that wouldn’t otherwise be there.
            Notice that it made a much higher high this year than last year along with most silver stocks (a 40% higher high) while the gold stock made much lower highs…
            https://stockcharts.com/h-sc/ui?s=HL&p=D&yr=1&mn=5&dy=0&id=p77889300827

            Nov 03, 2021 03:27 PM

            Really interesting chart and yeah, HL does seem more corelated with SILJ compared to GDX. Now, I’m even more confused as to how to classify Hecla. Screw it, I’m just going to put HL on both the Gold and Silver producers lists, and am just happy I own some in the portfolio. 🙂
            .
            I generally have traded either HL or CDE for many years, but over the last 5 had been more CDE focused, and then over this year have also added in HL with a nice position in both. They are very similar multi-mine Mid-tier producing companies with gold, silver, zinc, lead, and have pretty good torque for larger companies. CDE has had a number of good tradeable rallies since the 2016 kickoff in this current PM bull market, as has HL. I had considered dropping one of them to get more concentrated, but have noticed that while closely correlated, that they don’t always rally as much as the other at the same time, so I can stagger scalping gains in both, by adding on dips, and trimming on rips over time. Ultimately they are both fun to trade, and every time I trim them down too far, I feel like I’m taking too much risk on earlier stage companies and add back more to the more established producers like CDE & HL, AR, or EQX. Also, they are well-established enough legitimate companies that I don’t worry about them going to zero, like I do with explorers.

        Nov 03, 2021 03:24 PM

        It should also be noted that Gold Mountain and Minera Alamos are both brand new producers, that are still ramping up to commercial production, so their first gold pours have commenced technically, but they’ll need a few more quarters to prove to the markets what their production metrics will look like eventually. By the middle of next year though, once we have Q4 of 2021, and Q1 & Q2 of 2022, then we’ll have more clarity, and they’ll likely be able to fetch a better market cap once we have some financials back.
        .
        Technically Golden Minerals is only back as a producer for the last 2 quarters (after having taken years off from production to pursue exploration and development projects), so they haven’t really been in production very long in this metals cycle. They do have the plan to bring back on mine #2 Velardena next year, which should get them up to a more attractive production profile.
        .
        Also, Novo Resources, is still a fairly new producer all things considered, just going into production at Beaton’s Creek this year, and still working out some challenges and navigating a few production speedbumps in 2021. They are poised to have a better production experience in 2022, than they did this year, but the first partial year of mining for new producers is typically a rough journey. Just look at what a rough startup that Pure Gold and Americas Gold and Silver (at Relief Canyon) have had as well.
        .
        In addition, Thor Explorations is still a brand new gold producer, so it will take a few more quarters before they show the market just what they can do as far as production metrics.

        Nov 04, 2021 04:27 AM

        (CXB) (CXBMF) Calibre Reports Strong Third Quarter and Year-to-Date 2021 Results, on Track to Achieve Upper End of 2021 Production Guidance, Advancing Acquisition of Fiore Gold Creating a Diversified, Americas-Focused, Growing Mid-Tier Gold Producer
        – November 3, 2021
        .
        >> Q3 2021 MILESTONES AND HIGHLIGHTS
        .
        – Gold #production of 44,579 ounces;
        – Gold sales of 44,471 ounces generating $79.2 million in revenue at an average realized price (1) of $1,781 per ounce;
        – Net income of $15.0 million with basic net income per share of $0.04;
        – Cash on hand of $72.9 million at September 30, 2021, an increase of $6.6 million from Q2 2021;
        – Consolidated Total Cash Costs (1) and All-in Sustaining Costs (AISC) of $980 and $1,097 per ounce, respectively;
        – Cash generated from operating activities of $28.3 million;
        – 843 tonnes per day of ore delivered from the Pavon Norte mine to the Libertad mill, a 53% increase over Q2 2021 and averaging 1,077 tonnes per day in the month of September exceeding our target rate of 1,000 tonnes per day three months earlier than expected;
        – Advanced the high-grade Eastern Borosi Project (“EBP”), reporting the highest-grade intercepts to-date;
        – Completing infill drilling and initiating resource expansion and discovery drilling; and
        – Completing environmental baseline studies concurrently with community engagement targeting a permittable product ready for submission in early Q1 2022 for open pit and underground operations.
        – Multi-rig #exploration drill programs active across 100%-owned mine sites and satellite opportunities;
        – Multiple new mineral exploration concessions granted during the quarter

        https://www.calibremining.com/news/calibre-reports-strong-third-quarter-and-year-to-d-3659/

    Nov 03, 2021 03:22 PM

    Mako(MKO) yes, that looks like one with a bright future. I would have mentioned a few Aussies but there doesn’t appear to be much interest with all that on your plate above.
    Would still like to hear the case in favor of IAG, although not interested in Cote project since that appears too far in the future for my liking.

      Nov 03, 2021 03:27 PM

      Yes, I’m really liking the huge expansion potential with MKO Mako Mining as they ratchet up their ore throughput at the mine, and start getting results back from their exploration program this year.
      They are looking to expand resources, not just around the mine, but also find satellite pits that can feed the mill within trucking distance. This is a similar strategy to what Calibre Mining CXB has been doing in Nicaragua as one of their peers.
      .
      Mako has 3 drill rigs turning at present, and Akiba had mentioned in our last interview they are very focused on exploration, and even on testing some targets further away for true discoveries. This is the essence of what ‘growth-oriented producers” have as a focus – expansion through drilling or key acquisitions.

    Nov 04, 2021 04:47 AM

    The pitiful dollar has been capped by the falling 100 week MA for almost 6 weeks.
    https://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=2&mn=7&dy=0&id=p85789326154

      BDC
      Nov 04, 2021 04:10 AM

      The Dollar and Gold may both be rising, in stagger step fashion.
      A more important antagonist to Gold is the Crypto sphere.

    BDC
    Nov 04, 2021 04:55 AM

    John Kicklighter comments on Fed moves, and more:
    https://www.youtube.com/watch?v=lneZiPsLVW4

    Nov 04, 2021 04:06 AM

    Video: Clearer & Clearer When Gold Bottoms
    .
    November 02, 2021 – Jordan Roy-Byrne CMT, MFTA
    .
    “The history of Federal Reserve policy and current market action make a strong argument that Gold’s next major low will be Q2 2022. From there, Gold should rally to $1950-$2000, 12 months from now.”
    .
    https://thedailygold.com/video-clearer-clearer-when-gold-bottoms/

    Nov 04, 2021 04:12 AM

    (ITR) (ITRG) Integra Intersects 3.36 g/t AuEq Over 92.66 m, Including 24.15 g/t AuEq Over 7.01 m and 1.18 g/t AuEq Over 44.81 m, Including 4.21 g/t AuEq Over 10.82 m at Florida Mountain
    .
    4 Nov 2021
    .
    https://integraresources.com/site/assets/files/2929/2021-11-04_fm_hg_vfinal.pdf

    Nov 04, 2021 04:32 AM

    (AUMN) Golden Minerals Reports Third Quarter 2021 Results
    – 4 Nov 2021
    .

    – Revenue of $8.5 million yielding a net operating margin of $4.2 million in the third quarter 2021, from mining operations at the Company’s Rodeo gold-silver mine in Mexico. In the third quarter 2020, the Company recorded revenue of $2.1 million and a net operating margin of $1.6 million from the lease of the Company’s oxide mill.
    – $8.8 million cash and cash equivalents balance as of September 30, 2021, compared to $6.9 million at June 30, 2021.
    – Net income of $0.4 million in the third quarter 2021, compared to a net loss of $1.3 million in the third quarter 2020.
    .
    https://www.goldenminerals.com/news/2021/golden-minerals-reports-third-quarter-2021-results

    Nov 04, 2021 04:16 AM

    Great action as expected overnight! This is what we want and it’s healthy.

    Folks I can’t begin to express how stoked iam about the miners and gold/silver right now. We have the perfect long term alignment we have been looking for. I mentioned 4-6 months ago that the Cad or call it the loonie would one day retest it’s all time high and that will surely happen down the road. Right now we are looking at a major breakout on a long term monthly for the cad coming from a long term double bottom. The opposite side of that trade is the massive double top on the US dollar and as Matthew expressed this thing is ready to roll over.

    We are going to have a combination of gold and silver miners outperforming with explosive moves up as well as gold and silver up. Cad leading the way up as expected and get ready .83 followed by .87 is coming..

    Equities will ride higher with this move. Us dollar is going down.

    Also an important note to those who trade oil stocks and oil. As I type hui index and xau and basically all miners are getting ready and have bottomed imo vs oil and oil stocks for some time. Miners will outperform $wtic from a long term monthly perspective and this is what I wanted. We have been held back for this reason of many more reasons. It’s now the miners term!

    We look very good.

    Glen

    Nov 04, 2021 04:22 AM

    Cad vs usd

    Cad getting ready to break out!

    https://schrts.co/gZkHcIkC

      Nov 04, 2021 04:27 AM

      Hey Glen……….. what does Savage , Gary…… have to say…….. ?

        Nov 04, 2021 04:34 AM

        Jerry 🤠

        I have not seen savages last video but the last one I watched there was a sense or a tone of slightly starting to change the tone. Those predictions to next year are way off imo but he deserves the right or everyone deserves the right to change the tone and correct yourself if wrong.

        It is my belief as you see with my post and you have heard with my tone that I went from bearish to bullish about a month or so ago.

        Your call for the $1900 by end year I believe is still imo very attainable that would put the Cad much higher as well as the miners.

        Hope all is well Jerry:)

          Nov 04, 2021 04:54 AM

          Hey Glen….. thanks for the reply….
          This year has been a waste of time…… Gold absolutely accomplished nothing…. we will see how it does year end… but, who knows…… Stock climbing higher over on the big board, and real estate holdings are making up big time. (where is Billy…. 🙂 )
          Silver has been a drag… except for the traders in and out , up and down… .. held in check with JPM., nothing new there. .. JMO…
          Besides that, …. All is good……… 🙂
          and I hope you are doing great….
          Covid is a JOKE…

    Nov 04, 2021 04:28 AM

    Hey Ex……… are you guys going to have Temple and Rick A. back for some highlights…

      Nov 04, 2021 04:29 AM

      100,000 wondering minds want to know…. 🙂

      Nov 04, 2021 04:39 AM

      Bring back the old timers lol🥳🥳🤠all fun 🙂

      We need to have the fab 4 back and align the ducks..

      Doc
      Gary
      Rick
      Temple

      Can I get a hoot hoot? 😆

      Nov 04, 2021 04:50 AM

      Hi OOTB. I asked Cory about Mr. T a few times, and the response back was that he wasn’t interested due to some of the political direction and political commentaries from the site. Gary made his own bed and decided to sever the relationship here if people recall, and his audience got pretty ugly about it towards the KER. I believe we’ve covered this several times now about why neither of them have come back to the show. I still check in on Gary’s and Chris’s videos regularly to get their thoughts on the markets though.
      .
      > As for Rick A. that may be a potential, and I always enjoyed getting his technical take and price levels to watch in the markets.
      .
      We now bring on dozens of thought leaders here on the site from macro economic pundits, to fund managers, to newsletter writers, to technical analysts and are very grateful for all the KE Report contributors that come on to invest their time with our audience. Ever Upward!

    Nov 04, 2021 04:41 AM

    My computer system tells me without emotions we get capped around $1798-$1803 for today anything else is a bonus

    BDC
    Nov 04, 2021 04:22 AM

    SPQ(Others) : https://tinyurl.com/n3usfa27
    Musking: Lithium and Uranium.
    Copper: Homing.
    Oil: Slick.

    Nov 04, 2021 04:23 AM

    Matthew, how high will HL go when silver goes to 200? Will PAAS or WPM do better? For survival ammo do you prefer CCI mini-mag 40 grain copper round nose or 36 grain copper hollow point?
    I got several boxes of each at 11.99 for a 100 and wish I had asked for your advice first. I also bought some Winchester high velocity 40 grain copper hollow point that goes 1435 FPS for 12.99 a 100.
    Do you have an opinion about that Winchester round? Thanks.

      Nov 04, 2021 04:52 PM

      Bonzo, I believe Hecla would be over $100 minimum and probably closer to $200.
      I think you did fine buying all of the rounds that you did since there are pros and cons to each. The 40 grainers will penetrate better even at lower velocities in most circumstances while the 36 grain HPs will deliver more “shocking” power that is obviously more disruptive. I really like the 32 grain CCI Stingers but they are usually much harder to find, more expensive, and some guns don’t shoot them well from an accuracy standpoint. Stick with good brands (like CCI and Winchester) when buying rimfire ammo for consistency from round to round and to avoid misfires. CCI’s Blazers are more impressive than you would expect based on their velocity which is probably because of the soft lead with no copper coating. They hit noticeably harder than most similar loads. I don’t know if I’ve tried the Winchesters that you mentioned but I wouldn’t hesitate to. They are faster than most but well behind the Stingers which are listed at 1,640 fps. Reliability and accuracy should be your top considerations. The further you get from about 1,200 fps, the more you run the risk of your gun or guns not shooting them very well. Since Stingers have longer cases than any other .22LRs (but same overall length), some autoloaders might have trouble with them – mostly extracting them properly, not feeding.

        Nov 04, 2021 04:28 PM

        Thanks, Matthew. I don’t have to worry about autoloader feeding as I have a an old Remington 511 bolt action .22 LR, but may buy an autoloader on a Black Friday sale. My 511 is a man killer as my father got it from the widow of a friend who took his life with it. I saw a Paul Harrell video last night about self defense with a .22 and he tested the CCI 36 grain copper hollow point and it expanded great from both a pistol and a rifle. It looked like it expanded to about a .44 and did much damage to his meat target. I was impressed. I also have a couple of boxes of old CCI lead Blazers, about 30 years old or more. I may buy more Mini Mags as an investment for hyper inflation. 200 rounds cost less than an oz of silver and may be more useful. What is your favorite .22 autoloader? Do you prefer a pump action like the Remington 572 or a lever action? Thanks again.

          Nov 04, 2021 04:15 PM

          I have more experience with the popular Ruger 10/22 but prefer the Browning SA-22. There are plenty of good ones and S&W makes the AR style M&P 15-22 which I have not tried. I prefer lever actions to pumps probably because I have more experience with them but both are great.
          I looked up the 36 gr HP that you mentioned and the 32 gr HP Stinger is a whopping 380 FPS faster. It’s much closer to the speed of a .22 Magnum so it is explosive on impact.
          Here’s a review of the S&W M&P 15-22
          https://www.youtube.com/watch?v=_BBdraRHmIQ&ab_channel=22plinkster

    Nov 04, 2021 04:31 AM

    As a newb to the copper space, and wanting to open a small spec position, how good or bad idea would Copper Mountain CMMC.TO be?

    It came up near the top of my screen for Canadian listed miners.
    Snowflake analysis says, “Very undervalued with reasonable growth potential”.

    Any feedback appreciated.

    https://simplywall.st/stocks/ca/materials/tsx-cmmc/copper-mountain-mining-shares

      Nov 05, 2021 05:05 AM

      Certainly nothing wrong with it Irwin W if you’re looking for copper jr. producer. Has had a nice move with the copper rally and I definitely feel $5 copper is in the cards.

    Nov 04, 2021 04:32 AM

    (HL) Hecla Mining Reports Third Quarter 2021 Financial and Operating Results
    – Nov 4, 2021
    .
    https://tinyurl.com/3kk8ud5v

    Nov 04, 2021 04:44 AM

    I’m really happy for our buddy Doug and the whole team at (MAI) Minera Alamos.
    –> First Gold Production!
    .
    ____________________________________________________________________________________________________________
    .

    (MAI) (MAIFF) Minera Alamos Announces Santana Project Achieves First Gold Production
    – 4 Nov 2021
    .
    https://ceo.ca/@newsfile/minera-alamos-announces-santana-project-achieves-first

    Nov 04, 2021 04:04 AM

    3 Gold and Silver Explorers on the Launchpad
    by Sean Brodrick – November 4, 2021
    .
    “I recently attended the New Orleans Investment Conference and had the chance to talk to the leadership of a bunch of small mining explorers and developers. Today, I thought I’d share three of those companies with you.”
    .
    – Silver Hammer Mining (OTCQB: HAMRF; CSE: HAMR)
    – Vizsla Silver (OTCQB: VIZSF TSX-V: VZLA)
    – Heliostar Metals (OTCQX: HSTXF; TSX-V: HSTR)
    .
    https://wealth-wave.com/uncategorized/3-gold-silver-explorers-launchpad/

    Nov 04, 2021 04:47 AM

    Hey Glen,…… and Ex………. thanks for the reply…. 🙂

      Nov 04, 2021 04:15 AM

      Cheers mate!

      Nov 04, 2021 04:09 PM

      Hi Jerry,

      Your very welcome… I agree 100% COVID is a joke and we are starting to turn the tables..

    Nov 04, 2021 04:47 AM

    that troublesome 1800 gold, touched again and then the retreat. Happy talk continues yet another major Barrick disappoints, while the rest lanquish at recent lows. A pop up to recent highs should be a lay up.

      Nov 04, 2021 04:58 AM

      NEM, AUY, GOLD, and KGC up soon likely with disappointing results. How will that affect investors when they ser all this bad news?

      Nov 04, 2021 04:58 AM

      NEM, AUY, GOLD, and KGC up soon likely with disappointing results. How will that affect investors when they see all this bad news?

        Nov 04, 2021 04:10 AM

        The answer is always to how gold, producer share price reacts to the news. Right now all the happy talk from those largely talking their book on this site and others has been muted or negative. Expectations from majors you cite has be abyssmal considering that the commodity they mine is basically flat for past year, leading me to think future expectations are for more of the same. Outside the gold bugs preaching to the choir there is little interest in this sector and nothing to idicate any change to that short of pop up rallies of hope

          Nov 04, 2021 04:31 AM

          I wouldn’t say all the happy talk is gone. We mentioned KRR, CXB, and MAI a few times this week on the blog as some of the better growth oriented producers, and they’re all up today.
          It depends on what lens one is viewing the market from, what an investors entry point was in their positions, and over what time horizon they have for their investments.

          BDC
          Nov 04, 2021 04:44 AM

          Banker Psyop, Black Swan, or Solar Storm.
          One bit. One bit out of place.
          Poof Cryptos!

    Nov 04, 2021 04:37 AM

    Spiking Australian Interest Rates Are A Glimpse Of The Global Future
    .
    John Rubino – Nov. 03, 2021
    .

    – Australia has been in the news lately over its aggressive response to the pandemic. But the bigger Down Under story might end up being interest rates.
    – With inflation soaring, however, it became harder to manage the country’s increasingly unruly yield curve, and finally, the RBA just gave up and let the market decide how expensive short-term money should be.
    – The current surge in price inflation is global, which means every central bank is wrestling with the same financial market instability that just defeated the RBA.
    .
    https://seekingalpha.com/article/4465230-spiking-australian-interest-rates-are-a-glimpse-of-the-global-future