Joe Mazumdar – Recapping key news and trends for precious metals stocks
Joe Mazumdar, Editor of Exploration Insights joins us for a discussion focused on precious metals stocks. We recap some of the recent M&A transactions and the trend of mining companies looking to grow scale. It’s all about building to a level that will attract the investors still focused in the sector.
I also agree with Joe that the move by (CXB) Calibre to scoop up (F) Fiore was a solid acquisition and they’ll have the financial power and experience as both solid explorers and producers to maximize the assets in the Fiore portfolio and will get more market attention and traction with investors having those in a larger entity with the combined company moving forward. It also diversifies the jurisdiction to both Nicaragua and Nevada, making the larger company more accessible to more fund managers and institutions.
US Senator Proposes Congress Adopt Cryptocurrency for Payments
CorruptionNewsNWO TyrannyPolitics
November 5, 2021 0
by Kevin Helms, Bitcoin:
U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency by having congressional cafeterias, vending machines, and gift shops accept crypto payments. “Congress is typically slow to adopt new technology,” he said.
Not gold but I thought it might be interesting to some people as crypto is taking alot of cash from the gold market.
Cant say this would help.
Cruz’s wife is exec at Goldman Sachs, Houston…at least she used to be.
Great Day! Why did NFG get hammered so Bad?
It’s nice to see Gold solidly above $1800 up at $1815 at present, and that Silver has $24 handle again.
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A very nice way to close up the week and weekly candle. The reaction of the PMs based on that jobs report, takes away some of worries from the negative nancies worrying about Gold hanging out in $1700’s and not being able to eclipse the $1800 level doesn’t it? 😉
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https://www.investing.com/commodities/real-time-futures
Group Ten showing a long-lost life. Some say some letter writer felt price should go to .26 US. Don’t know but seems it ought to go a lot higher, but that is only in a world that considers fact important. Oh well…I will take it…move along…nothing to see.
Yep, Group Ten (PGE) up 20% on the day. Quality is being bought lately. Very nice action indeed!
It was Steve Penny “ comfortable buying up to.26 usd.”
Yep, that helped too.
I just our interview from today with Steve Penny posted, where he reviews a number of charts on the technical setup in Platinum, Gold, and Silver. He always has some very cogent technical analysis, so check it out!
Thanks Ann. I am glad some buyers were more comfortable to go higher than .26.
As they should… once Group Ten puts out the assays from their 10,000 meters of drilling from 2021, it will become more clear just how much their resource can grow for the new estimate slated for 2022. I’m a little surprised that PGE didn’t run like this after putting out the resource estimate recently and showing where they already stack up amongst other junior nickel and palladium/platinum projects… not to mention their copper and cobalt and gold credits to boot.
Group Ten looks good. You guys also got your best volume in 3 months…
https://stockcharts.com/h-sc/ui?s=PGE.V&p=D&yr=1&mn=1&dy=0&id=p05252615824&a=1057182296
Thanks Matthew for that chart. Yes, nice volume indeed and quite a bullish candle breaking above that trendline. Gotta love it!
gdx weekly-Good day in miners….longer projection below
+1 Overall it was a pretty good day in the miners. A nice way to finish the week and for resource investors to head into the weekend.
Good move for the precious metals this week. Gold looks like it’s going to close right at the 20 month moving average of the monthly BBs. The downside is that the volume was nothing to write home about. I also would have liked to see PM stocks respond better and not just yawn at the action.
Account activity today: added again to NG Resources and it had a good finish. Ended the week with more in my account than I started. That is a positive…I still do not like most vegetables.
Only Potatoes and sweet potatoes for me.
Yes, a nice upward green week overall in many of the PM mining stocks, and a nice weekly close in Gold at $1817.
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As for vegetables I like most of them, but don’t eat enough of them. I’ve been drinking a blend of extracted greens in powders and then mixing it with fresh pressed green juices, as a morning kickoff. That’s been working well.
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As for investing in vegetables and produce, I’d picked up a position in Organto Foods Inc earlier in the year. People gotta eat!!
I also juice every morning, that is magic for your body.
It isn’t easy being green…
Yeah, it’s more fun making the green, than being green for sure…
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Kermit – Its Not Easy Being Green
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https://youtu.be/rRZ-IxZ46ng
Novo(NVO) can’t get a break, down again today. Jayant claimed it’s nearly free at $1.60 earlier this week, the land package and I guess the NFG shares thrown into the deal gratis.
As much as I dislike this company, I bought it today for $1.54. It seems like they’re paying me to take all that land and those NFG shares off their hands.
Thank you again KER.
I said this was just a healthy pullback and today’s action to finish the week suggests that it’s already over.
(The pullback is/was “healthy” because the market is better off because of it.)
The important “P” pivot that I always mention marked the low and the bulls took control once it was tested…
https://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=7&dy=11&id=p24914948675
It’s a good sign when the small caps are leading the way and they are. SGDJ, GOEX, and SILJ are in the clear compared to their larger counterparts…
https://stockcharts.com/h-sc/ui?s=SGDJ&p=W&yr=2&mn=7&dy=0&id=p88025974637
Next week is likely to be a good one.
https://stockcharts.com/h-sc/ui?s=GOEX&p=W&yr=2&mn=7&dy=0&id=p76785801117&a=1057204715
It is also bullish that the most speculative miners filled the least of their 10/13 gaps or didn’t even reach them. For example, GDX more than filled it while GOEX filled most of it and GDXJ and SILJ filled none of it.
https://stockcharts.com/h-sc/ui?s=GOEX&p=D&yr=0&mn=9&dy=0&id=p17972883699&a=1057217783
I don’t like the looks of Kootenay Silver’s short term oscillating indicators but this is the kind of picture that can deliver an upside surprise…
https://stockcharts.com/h-sc/ui?s=KTN.V&p=D&yr=0&mn=9&dy=0&id=p52385365193&a=1057222783
I have sold out on KTN, will buy back in at the low 20s, or I will miss the move but be in something else anyways.
GDXJ vs GLD could hardly look better.
https://stockcharts.com/h-sc/ui?s=GDXJ%3AGLD&p=D&yr=0&mn=9&dy=0&id=p69605978524&a=1057227430
Fosterville South is continuing to keep the drills working on exploration, right near Kirkland Lake’s (now Agnico Eagle’s) Fosterville Mine. Looking forward to see what comes back from the assays on these holes.
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(FSX) (FSXLF) Fosterville South Exploration Ltd. South Adds Second Drill Rig at Beechworth Gold Project and Now Has a Total of Four Rigs Turning
– Nov. 5, 2021
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https://tinyurl.com/yx5crp9e
It was great to get Joe’s perspectives on the mergers and acquisitions we’ve seen lately in the mining sector, and how the trend to bulk up in size & scale for companies could attract more institutions and generalist investors. In addition, it was really nice getting his thoughts around what he looks for in the developers and how their projects may be valued moving forward.