Jayant Bhandari – Thoughts on LaSalle Exploration and Montage Gold
Jayant Bhandari joins us today to highlight two Companies he is interested in after recent news releases. These Companies are LaSalle Exploration and Montage Gold. With different reasons for liking each and considering these two Companies are at very different stages it’s important to understand what you are looking for as an investor.
DT – that’s the way the cookie crumbles sometimes.
Yes, the sentiment in this sector is still pretty negative. Cory and I were on a half dozen calls with company management teams today, and most of them vented about how crappy things were in the PM mining sector and in their discussions with other investors and funds. That is how things typically are in any asset class, leading up to a turn in direction; so from that standpoint – it’s a nice contrarian indicator that most of the worst is behind us at this point.
Dt,
I don’t disagree completely in regards to the miners, valid point. However I will say the best time to position yourself is always at long term lows and when all the parameters and indicators and fundamentals are lined up. I can’t think of another time that I have seen the miners this good on the setup which means at any moment when the move comes I expect big ass moves in these miners with volume and back to back days.
When the pendulum swings so far one way and the correction or consolidation is so long in the tooth as Gary would say, means the change of direction will come with Tsunami style move
Ex, Mathew and wolf thanks for yesterdays opinions and charts.
Silver looks poised to outperform gold, not that gold won’t move. I think some of you have spoken about this for sometime.
Cheers to all
Ps I gotta tell you between Matthews charts and Graddys charts we have some powerful indicators combined with the fundamental stories we here on a daily here with everyone and ex I feel really good lately! Now let’s get a bit of confirmation soon so we can enjoy 😉
Hi GLEN … How are you keeping ? Look You people , Silver miners are on sale at basement prices , bite the fecking bullit …. And buy now , forget the charts……. Buy-Buy-Buy … You cautious morans ……. lol
Irish doing well mate lol.
I’m with you buy buy buy 🙂
Thanks for the kind words and contributions Glenfidish. Yes, Silver is getting a little traction lately, which is nice to see, as it has been the underdog for most of last year.
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IrishT – I already bought, bought, bought… my silver stock exposure. Haha! Cheers!
I’m suprised at Calibre(CXB) -7.5% earlier, especially after reporting good drill results in Nevada. Not too suprised to see Novo(NVO) down almost 10%, unfortunate for some here. See what happens Wednesday, maybe it’s worth taking a punt.
Agreed Terry – It’s been one of those markets for the last few months where even good news is faded.
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This too shall pass. I’m still very constructive on Calibre (CXB) personally, and have been steadily increasing my weighting in it during the last few months of 2021.
(SIL) (SILV) SilverCrest Metals: An Emerging Producer At A Very Reasonable Price
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Taylor Dart – Seeking Alpha – Jan. 18, 2022
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“Looking ahead to 2022, SilverCrest Metals is set to become the sector’s highest-grade producer, and typically producers with industry-leading grades, margins, and competent management command a premium multiple.”
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https://seekingalpha.com/article/4480193-silvercrest-metals-emerging-producer-reasonable-price
Just something to mull over, with regards to current commodities prices:
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Is $1811 Gold a good price for the producers? Do the economics for the developers look good here?
Is $23.63 Silver a good price for the producers? Do the economics for the developers look good here?
Is $4.42 Copper a good price for the producers? Do the economics for the developers look good here?
Is $1.62 Zinc a good price for the producers? Do the economics for the developers look good here?
Is $85.99 Oil a good price for the producers? Do the economics for the developers look good here?
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If the answers are yes, then why is there so much investor apathy in the extractive resource stocks?
The Bubble is Bursting and Gold is Strong – Myrmikan Research
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Daniel Oliver – Myrmikan Capital, LLC – January 18, 2022
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“A year ago inflation was running at 1.4%; Fed economists were whining that inflation was too far below their 2% target. By June inflation had jumped to 5.3%— the Fed deployed the “transitory” defense. In November, Powell retired the word, saying: “Transitory is a word that people have had different understandings of.”
“The latest inflation report printed a 7.1% increase in prices. That rate for only ten years would cut the dollar’s purchasing power in half.”
“Politics dictates that the Fed pivot to support the dollar, and that means the end of QE, balance sheet runoff (letting the Fed’s securities mature and not replacing them), asset sales in extremis, and hiking rates. The 10-year Treasury bond yield has jumped from 1.35% in early December to 1.8% currently, the highest yield since before COVID lockdowns.”
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https://www.myrmikan.com/pub/Myrmikan_Research_2022_01_18.pdf
Crypto.com Coin Dips as Platform Sees $15 Million in Ethereum Stolen
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Brenden Rearick – (01/18/2022)
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“Crypto.com (CCC:CRO-USD) has been on a winning streak. After winning Hollywood A-lister Matt Damon over as its spokesperson, it launched a slew of primetime commercial spots in the fall. Then, just before the holidays, the platform bought the naming rights to the Staples Center in a polarizing moment for one of the most iconic venues in all of sports. And thanks to these catalysts, the Crypto.com Coin saw astonishing gains. Of course, it can’t keep the good times rolling forever; CRO is on the downswing today as the first major bout of adversity crashes into the platform in the form of a hack.”
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“Indeed, a hack of the Crypto.com platform today is sending fear into some of the coin’s investors. The hackers went in and stole $15 million worth of Ethereum (CCC:ETH-USD) from the exchange. One can see the stolen funds being laundered through a crypto-mixing service called Tornado Cash. Meanwhile, the platform is slow to acknowledge the scope of the hack; a brief trading pause was instituted just after the hack, with the platform downplaying this multi-million dollar hack as “suspicious activity.”
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https://www.msn.com/en-us/money/markets/crypto-com-coin-dips-as-platform-sees-15-million-in-ethereum-stolen/ar-AASTZgP
Even NOVO got a bid this morning!
GoldSilverPros – in silver called it last evenings saying the commercials are on the positive side of the trade.
Gold & Buck Up,
Back Up The Truck?
I don’t think I have ever seen such a B_R_U_T_A_L, market for my miners, just when you think it can’t get any worse, Guess What? DT