Jordan Roy-Byrne – This Could Be The Start Of A Very Prosperous Period For Precious Metals Investors

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review the technical levels he’s watching to confirm the breakout in gold in the short to medium-term, and the very bullish outlook in precious metals for the longer-term.


We review why this recent monthly close in February above $1900 by a mere $0.70 wasn’t necessarily the reason for the big move higher in Gold on March 1st to start the month, he is encouraged by the strength of the move higher.   The main concern Jordan has is that he doesn’t want to see the breakout gap higher get filled this week, and it would be stronger confirmation if we saw a close above $1920-$1921 to end the week.   Next we discussed how it was also very constructive to see silver break up through $25 along with GDX moving higher, in tandem with the big move higher in gold, and for them both to have held onto most of their gains today.


Next we unpack the super bullish nature of the longer cup and handle target with a measured upside move to $3,000 gold, and then a further percentage move up to the $3700-$4100 level, in the next 2 to 3 years after Gold confirms the sustained move above $1900.   Jordan feels that regardless of the short-term gyrations in pricing, that we could be looking several years of strength in the precious metals sector

Click here to visit The Daily Gold website and keep up to date on Jordan’s technical outlook.

    Mar 02, 2022 02:19 PM

    Jordan Roy-Bryne – The Daily Gold – Feb 28, 2022

    “Greg Weldon, CEO of Weldon Financial is the best when it comes to analyzing Gold and the macro landscape and how it impacts Gold.”

    “He feels there is some risk in the market at current levels (as Gold struggles around the $1900 breakout level), but that the potential upside is huge. He has breakout targets in the $2600s and $2700s.”

    “He is watching Gold against foreign currencies, Gold against the S&P 500 but most important Gold against the Chinese Renminbi, which has been the strongest currency of late. ”

      Mar 02, 2022 02:20 PM

      History of Major Breakouts in Gold & Stock Market

      Jordan Roy-Byrne – The Daily Gold – March 1, 2022

      “The stock market has had three major breakouts in the past century, which all gave way to massive bull markets. These breakouts coincided with major peaks in Gold and commodities.”

      “The huge moves in Gold typically began after major peaks in the stock market, although the relationship is not perfect. The major breakouts in Gold were in 1972 and 2005. There have been other breakouts but those along with the current or coming breakout past $2,170 are the most significant. ”

      “Based on history this breakout in Gold will lead to a huge move beyond only a few years. The initial upside targets are $3,000 and $4,000. ”

    Mar 02, 2022 02:22 PM

    Powell Kills March 50bps Rate Hike, But Leaves Door Open For Later In 2022

    Wednesday March 02, 2022

    “Moments ago, Fed Chair Powell said that he is “inclined to support a 25 basis point rate hike” in March, which immediately killed any market expectation of a 1+ rate hike in two weeks.”

    “However, in the very next sentence, Powell said that if inflation stays hot, he could move more than 25 basis points at upcoming meetings, which in turn pushed the full year rate hike expectations sharply higher, from 5.2 to 5.6.”

    Mar 02, 2022 02:43 PM

    Steppe Gold has continued to be one of the bigger movers in my portfolio this week, with (STGO) up almost 23% yesterday, and then again up today another 16% on this positive news.

    We talk a lot about growth-oriented producers, and Steppe Gold is set up to be one of those. A 40%+ rerate in the last 2 days has been a “steppe” in the right direction. 😉

    (STGO) Steppe Gold Announces Resumption of Gold and Silver Production

    1 Mar 2022

      Mar 02, 2022 02:49 PM

      I elected to sell about 20% of my position in STGO today, because that was an outsized move in just 2 days, and it seemed wise to harvest some profits, but their growth trajectory still looks constructive.


      Steppe Gold Ltd. – Mar 2, 2022

      “Check out this interview with Steppe Gold’s SVP and CFO, Jeremy South, to share the news that we have finally restarted Gold and Silver production.”

    Mar 02, 2022 02:59 PM

    Keith Neumeyer – Silver Price Rally Intensifies Amid Ukraine Tensions

    Stansberry Research – 03/02/2022

    “Precious metal prices are being driven by a political event right now, says Keith Neumeyer, First Majestic Silver Corp. President and CEO. The supply and demand fundamentals of silver are enough to move the price upwards, he says to our Daniela Cambone at the 2022 GSA Investor Day event. “These bull markets last for a long time,” he says and further details that, “these [precious metal runs] usually go on for five to ten years.” First Majestic Silver Corp. is anticipating a 30% increase in production as a result of last year’s successful production, Neumeyer reports. “I think $2,100-$2,200 gold and $30 silver is very much in the cards [for 2022],” he concludes.

      Mar 02, 2022 02:10 PM

      “Amid Ukraine Tensions”
      “Precious metal prices are being driven by a political event right now.”
      Pure BS but such “political events” do make great cover stories.

      In other news, silver has been stuffed just below two important fork resistance levels but probably not for long.

        Mar 02, 2022 02:42 PM

        Agreed Matthew. Yeah, as pointed out by Jordan in today’s editorial, and as we pointed out in Dave Erfle’s yesterday, and in the interviews last week with Brien Lundin and Craig Hemke, there are plenty of other macroeconomic and technical factors that have been driving Gold and the PMs higher for months, and while the geopolitics did likely play into some of the move, it is not the only driver by a longshot. People just like a narrative and like to draw correlations with a one-sized fits all explanation.

        That was just the quote on the Keith Neumeyer write-up, and I do really like Keith, and some of the other comments he made in the interview. It is also interesting to note how much weighting some people are giving to only Ukraine/Russia as the drivers in the PMs, at the exclusion of all the other crazy news. I guess the runaway inflation numbers for months on end, even more negative real rates, the end of the Fed’s bond buying and simultaneous kick off of rate hikes, the strength in gold versus most currencies, and the weakness in the general stock markets just all went away the last few weeks once the political theater started.

        From a technical standpoint, Gold was already moving higher, as was silver, and so were GDX, GDXJ, SIL, SILJ, etc… so this move was happening regardless, and people just have recency bias and like simple explanation or culprit.

          Mar 02, 2022 02:50 PM

          Yes, I knew those were not your words and am in no way suggesting that you shouldn’t share the quote or the interview.

            Mar 02, 2022 02:20 PM

            10-4. It is just interesting to review the narratives of the day circulating out in the marketplace and media.

        Mar 02, 2022 02:16 PM

        Ditto Matthew!

        Jordan is conservative in his approach.. simple as that

        I have been at the fore front of the move! Not one person has said Glen wow for February fireworks lol and march and April..

        We’re is the move is not ex or Matthew and h

        Terry by the way have you seen my imagold the one you repeatedly knock down and doc wanted $2.00 below for purchase? 😊

          Mar 02, 2022 02:28 PM

          Glenfidish, I’m waiting for IAG to go back down towards $2. Then try to buy some LEAP calls closer to Cote commencing production.

            Mar 02, 2022 02:38 PM


            It is clear you have been burned before. I’m always here to help 🙂

          Mar 02, 2022 02:08 PM

          Hey Glenfidish, the recent fireworks have been a nice pregame warm-up, but I have a feeling the huge brilliant blasts of fireworks are still setting up for us as this year unfolds and heads into next year. Looking forward to a wonderful display and just hope I’m smart enough to trim some back in between sets and liquidate positions during the grand finale (luckily that is still years off at this point).

            Mar 02, 2022 02:43 PM


            Let’s not confuse opening fireworks for the crem of la crop 🙂

            It was meant to get opening ceremonies started all the while Jordan, doc , Terry, and so many others were bearish even Gary savage regarding gold and breakouts.

            Personally I would not advice trimming, Matthew would probably echo the same as my lenses see an upside move that is very like wall of worry. It would be a mistake imo to take profits this early in the game. Just so you know I see absolutely no let down going Into October November just miner corrections not worth selling.

            Don’t let guys like rambus buck you off just my humble opinion. I’m straight shooter


            Mar 02, 2022 02:10 PM

            Yes, agreed, that was my point these were just the opening fireworks, and not the main event. Also, I didn’t mention taking profits right now, but rather in between sets of fireworks… ie… in between bullish rallies when there will be corrective moves along the journey. Looking forward to a wonderful display!


            Mar 02, 2022 02:33 PM

            Does somebody know if DOC is still 90% in cash?

            Mar 02, 2022 02:34 PM

            Does somebody know if DOC is still 90% in cash?

            Mar 02, 2022 02:51 PM

            Not sure the percentage now, but he was mostly in cash when we spoke with him for last weeks interview. Maybe he can update us on if he’s been buying more over the last week or two. He mentioned last week that March was going to be crucial month to watch in the PM sector. So far this month has started with a bang, but it’s still early on.

          Mar 02, 2022 02:03 PM

          After listening to Jordan today I don’t think IAG will go back down to a price attractive to me. Removing IAG from my watchlist, much better opportunities elsewhere.
          I will continue to read your comments.

          Mar 03, 2022 03:46 AM

          Glenfidish, if I can’t have IAG nearer $2 then I’ll remove it from my watchlist and find something else.

    Mar 02, 2022 02:08 PM

    SPQ :
    NatGas Back In Orbit
    Oil Weightless
    NFP Soon

      Mar 02, 2022 02:13 PM

      Yeah, look at Oil go…. up to $113 now. A stunning blast higher!

      As mentioned yesterday, what effect will these higher energy prices on have on inflation? Airfare? Summer driving season? Freight and deliveries? Food costs? Business input costs? Consumers discretionary spending?

      These higher energy prices are a tax on everything and usually high energy energy prices precede a recession by about a year. Again, when did the energy prices start getting too high? $70 oil? $80 oil? $90 oil? $100 oil? $110 oil? How much time do we have until something in the economy breaks?

        Mar 02, 2022 02:13 PM

        Way too many people think rising energy prices is the cause of other rising prices when in fact all rising prices in all goods and services are the result inflation (of the money supply). To this day, there are still people who insist that oil drove the rising prices of the 1970s because they bought into the MSM propaganda of the time. Inflation (of the money supply) was the cause of rising prices of the 1970s and it is the cause of rising prices now.
        The plunging value of the currency (money substitute) is very “bad” for any economy as it undermines one’s best efforts to plan by making important longer term calculations impossible. It’s beyond destabilizing.

        From the article linked below:
        Nowadays when the media or government officials discuss “inflation” they mean “the increase in consumer prices.” However, originally the term referred to an increase in the quantity of money (including bank credit). Here is how Ludwig von Mises, in a 1951 speech, discusses the semantic change and its implications:

        There is nowadays a very reprehensible, even dangerous, semantic confusion that makes it extremely difficult for the non-expert to grasp the true state of affairs. Inflation, as this term was always used everywhere and especially in this country [the United States], means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term “inflation” to refer to the phenomenon that is an inevitable consequence of inflation, that is the tendency of all prices and wage rates to rise. The result of this deplorable confusion is that there is no term left to signify the cause of this rise in prices and wages. There is no longer any word available to signify the phenomenon that has been, up to now, called inflation. It follows that nobody cares about inflation in the traditional sense of the term. As you cannot talk about something that has no name, you cannot fight it. Those who pretend to fight inflation are in fact only fighting what is the inevitable consequence of inflation, rising prices. Their ventures are doomed to failure because they do not attack the root of the evil.,2%20Although%20economists%20have%20debated

          Mar 02, 2022 02:02 PM

          Agreed that the source of inflation is the increase in money supply and that things like the CPI and PPI readings or commodities prices are just the affects and results of the inflation of money supply. I’ve made that exact same point many many times on here, and didn’t choose my words carefully enough in that above post.

          The only point I was making was that since energy prices are so intertwined with cost inputs in so many areas of life, that with Oil prices spiking, that will cause a ripple effect of other products and services to have higher prices in tandem.

          I guess I should have asked what effect rising energy prices would have on rising prices in so many other areas, rather than asking what affect it would have on “inflation.” I was erroneously using the word inflation interchangeably with the coming CPI readings, which is an incorrect use of the word inflation as just stated, and all too common in typical conversations around rising prices.

            Mar 02, 2022 02:07 PM

            My point was simply that oil is up for the same reason that everything else is up. Oil is not causing price increases any more than gold is. Inflation of the money supply is the culprit.
            The current price of oil is actually not high at all historically when adjusted for inflation. Most here would be surprised to know that it was more expensive from the late 1940s until the early 1970s and more still would be shocked to know that oil would have to be $303 per barrel right now just to match its August 2005 value relative to real money (gold). Oil closed August, 2005 at $69. Therefore, the current price is the equivalent of about $24-$25 in August 2005.

            Mar 03, 2022 03:22 AM

            Events exacerbate Oil’s rise.
            NatGas is set to soar.
            LNG may be good,
            but not very good for the poor.

      Mar 02, 2022 02:37 PM

      Doc heavy on cash, waiting for ides of March. But he tends to change outlooks on a dime…

    Mar 02, 2022 02:27 PM

    SILJ now has back-to-back closes above its 200 day MA. Beware those who don’t know a bullish chart when they see one (and I’m obviously NOT talking about Jordan).

    Mar 02, 2022 02:30 PM

    GDX vs SPY may need to consolidate for a little while before it can break materially and permanently higher.

    Mar 02, 2022 02:33 PM

    I don’t want gold to close this week below about 1888 and, luckily, it looks very unlikely to do so.

    Mar 02, 2022 02:33 PM

    We’ve had a really nice week thus far in the Uranium stocks as well, with lots of U stocks in the green yesterday and today. I’m only flying at 80% position sizing to where I had things last fall in 6 of these positions, but I did also add a 7th positions. (If Wolfster sees this, I did finally add Uranium Royalty Corp at at $3.19 in mid-February, so I finally got a fishing pole in that pond).

    Anyway, I’m glad to have kept steadily adding to my other half dozen U stocks the last few months to get things beefed back up enough to benefit from a bounce… and that has paid off very well lately.

    There sure hasn’t been much discussion these boards about the Uranium stocks lately, but if people were adding into the weakness over the last few months, then they should have seen some nice returns over the last few weeks. Uranium has been one of most fun sectors to trade over the last 2 years, with lots of outsized moves and volatility. Of course, there likely are some investors that waited way too long to get into position and may have bought into the crazy frenzy last fall (but that was the time to be selling and I mentioned selling 85% of my positions in September to harvest gains that had been accruing for some time.) The sector got really overbought, as many pointed out, and it was due for a corrective move.

    We saw that corrective move in Q4 of last year and by the end of the year and beginning of this one, the sector had gone from feast to famine again. This is the point where savvy investors would start to buy the dip, or even if they had losses from buying too late into the 2021 rally, then they should have averaged down and got a better cost basis over those several months of corrective moves lower in the stock. After most of my uranium positions in September of last year, it seemed best to gradually start getting repositioned in the months that followed, but then it was tempting to swing-trade a number stocks several times in Oct/Nov/Dec so I didn’t make as much progress as desired getting things up in the 60-70% exposure for most of that period. I started adding more again during tax loss silly season in December, and as the calendar rolled over into Jan and Feb and am back up to 80% positioned.

    There were already investors throwing in the towel at the end of last year and earlier this year, convinced the move was all over. Yeah… no… Spot Uranium is likely going to head to $65 or $70 over the next 12 months to get pricing more in alignment with the cost of production, and the miners can still have very nice moves on that back of that.

    Also, Sprott will be making a move to manage the Uranium mining ETF (URNM), which holds a position in the Sprott Uranium Trust, meaning as more investors buy URNM, then more money flows into the SPUT, and then boosts buying in the spot markets of Uranium, which will push the spot pricing higher, and thus incentivize more buying of uranium miners. As Justin Huhn has pointed out, this is like a flywheel that starts increasing and extending the power output by feeding itself to a degree.

    Are other investors positioned in the Uranium stocks and are they encouraged by the recent action?

      Mar 02, 2022 02:36 PM
        Mar 02, 2022 02:40 PM

        BUT the weekly chart shows important resistance just above. Is this just another selling opportunity before a multi-month correction?

        Mar 02, 2022 02:47 PM

        Another BUT: It is currently back inside of its uptrend channel based on weekly closes. Overall, the bulls have the clear edge in my book but you can see that a problem for oil will likely be a problem for URA.

          Mar 02, 2022 02:32 PM

          Good URA charts Matthew. Yes, on the weekly it would be more constructive to see it break up above that dotted trend line you included, and see it start to stretch back higher. Another multi-month correction is possible as you noted, but with inflation running hot in many commodities and the energy sector, and with the price of Uranium still needing to gain about $15 to $20 to get to a reasonable cost of production for many companies, they still should have a nice rally medium to longer term.

            Mar 02, 2022 02:33 PM

            Ex, you have a way with smaller companies but I can’t get the hang of it.

          Mar 02, 2022 02:46 PM

          About 3 weeks ago I traded CCJ instead of URA because there was larger volume and bid/ask spreads were tighter with Cameco. But it has gone up since then.

            Mar 02, 2022 02:56 PM

            As big of a fan as I am of the macro fundamentals for nuclear energy and uranium stocks, and trading nearly 2 dozen U stocks for more than a decade; I’ve still never once owned Cameco. I generally don’t like the majors though, and prefer the bigger torque of the smaller producers and developers.

          Mar 02, 2022 02:38 PM

          Agreed. UUUU has had a nice bounce off support twice and cleared it’s initial overhead resistance, so it’s done pretty good. It’s also a dual-listed company in the US and Canada, and has ETF exposure so it gets a bit more eyeballs and liquidity than some of the smaller U stocks. It’s one I’ve been in for some time and trade around partial positions quite often on dips and rips. I also like it’s unique ability to process the radioactive tailings of other companies that have Rare Earths and process them along with Uranium and Vanadium.

      Mar 02, 2022 02:58 PM

      Yes I’ve enjoyed the uranium run and see you’ve finally added a royalty play for uraniums……. Yes the only one. Still like the leverage of the warrants that don’t expire til 2024.

        Mar 02, 2022 02:45 PM

        Haha! Wolfster, it feels good to have been in UROY for the last 3 weeks, and I figured that would check that box, as I do really like both the uranium sector and the royalty business model. I also appreciated your posts keeping it top of mind (and the warrants you flagged a few times for the KER crew). I just wanted to stick with main ticker for now, but remember your points about the warrants.

        As mentioned previously when discussing UROY, the plan was to wait for a pullback, which did come, and then exploit the weakness and souring sentiment. Now, the bummer is I only got my initial tranche in place before things took off again, and was thinking there would be a bit longer to accumulate and add more to the position…. but hey, I’ll take a 47%+ gain in 3 weeks, even on opening position. 🙂

          Mar 02, 2022 02:06 PM

          Somebody has admitted they got uranium wrong. Rick Rule interview

            Mar 02, 2022 02:09 PM

            Cool. I’ll check this RR video out, but I’d submit while he was a bit early he mostly got Uranium right. The prices did have to rise or the lights will go out, and many stocks did end up be massive multibaggers over the last 2 years.

            Mar 03, 2022 03:24 AM

            Perhaps the better phrase would be somebody is bullish again. Actual commodity talk doesn’t start til around the 36 minute mark

    Mar 02, 2022 02:01 PM

    GDX is now well above its highest anchored VWAP (you’ll notice that it begins at a seemingly random place rather than at a high or a low or even a news event and that’s because I wanted to find the highest “final hurdle”)…

    Mar 02, 2022 02:02 PM

    Still like the copper explorers along with the PM’s ……kodiak being the one that should see volumes pick up as it will be getting regular news flow going from here forwards.

      Mar 02, 2022 02:48 PM

      Stay tuned then for tomorrow Wolfster, as we’ll be posting our Kodiak Copper interview with Claudia in the morning. I’m a fan of their project and there are so many different targets they are going after this year that are nearby Gate or analogous to it the ground conditions and geology it appears in. It will depend on how they do with the drill bit, but I like the probability of them making a new discovery by stepping out on a few of the targets they have in their pipeline.

    Mar 02, 2022 02:26 PM

    I hope this lasts more than a couple of months, if it starts. It would be refreshing. Can’t help think there are those out there that find a long term continuous up trend in precious metals distasteful. But I am willing to give it a shot.

      Mar 02, 2022 02:04 PM

      Lakedweller2 – “a long term continuous up trend in precious metals” sounds quite tasty indeed.

      Did you get a listen to Jordan’s interview today, he was quite bullish on the PMs having a long-term, multi-year rally from here, and the potential resolution of the 10 year cup & handle pattern after an 16-17 month corrective move for form the handle, gives us the potential of several years of bullish action and roughly a doubling of the gold price in just 2-3 years. I’ll take it!

        Mar 02, 2022 02:44 PM

        Yes, I did hear Jordan’s presentation today and liked what he was saying. I have been ongoing bullish as nothing else makes sense in view of the economic mess the world is in. I think todays illogical action was just Powell and his appearance in public. All I had to do was look at the General Markets coupled with the deaths in Ukraine and figured that Powell was talking.

    Mar 02, 2022 02:36 PM

    IPT nearly quadrupled versus FR during the last big bull move and I bet it will do at least as well this time. IPT:FR has been building a base from which to launch for the last year…

      Mar 02, 2022 02:52 PM

      I’ve got a heavier weighting in IPT for just those kinds of reasons…. Impact has even more exposure to Silver, on percentage terms, than First Majestic, and it has excellent torque to rising silver prices, and some pretty outstanding exploration targets they’ll be working on over the balance of 2022. At one point we’ll work on getting an update on the show from Fred.

        Mar 02, 2022 02:55 PM

        Here’s an update from Fred at IPT from today:

        Fred Davidson: 300,000 Ounces Of Silver Production A Year

        SN – Silver News – March 2nd, 2022

        “Fred Davidson is a President, Chief Executive Officer & Director of IMPACT Silver Corp. He has been the Chief Executive Officer and President of IMPACT Silver Corp. since May 2000.”

          Mar 02, 2022 02:46 PM

          That title from S.N. is a bit misleading, as that 300k ounces of Silver production will just be from one of the projects they bring online as a mine (and not representative of their overall company production profile.

          It’s still a good short summary and discusses how hard it is to find pure silver deposits as most are polymetallic, and that they are also seeing intersting gold targets under the silver/zinc/lead mineralization on parts of their land position. Fred mentioned not being opposed to producing gold aling with silver.

      Mar 02, 2022 02:05 PM

      One of the decisions for flipping Silver Tiger to Impact was Impact’s past performance during up moves. Silver Tiger hasn’t been there yet.

        Mar 02, 2022 02:18 PM

        I really like both Impact Silver and Silver Tiger, and if I was cutting something loose in my portfolio, it wouldn’t be either of them, and there are many other stocks I’d part with first.

        Over the last 2 years, I’ve actually done much better in Silver Tiger than in Impact Silver, but have had a core position in Impact that I’ve traded around since 2016, and it has done exceptionally well during good PM rallies. I expect Impact to really start with more torque this year, and it has already been rather peppy lately. Silver Tiger though has put out a string of zesty drill hits for the last 2 years, and it has been growing it’s resources by leaps and bounds.
        While many management teams claim they are going to be the next Silvercrest, Silver Tiger is one of the few companies that actually could be the next Silvercrest.

          Mar 02, 2022 02:28 PM

          Silver Tiger Metals (SLVR) – 8 Drills Turning Soon

          Crux Investor – Feb 19, 2022

          “Matthew Gordon spoke with Glenn Jessome, president and CEO of Silver Tiger Metals (TSX-V:SLVR) to discuss the company’s most recent announcements.”

          Mar 02, 2022 02:51 PM

          I didn’t want to cut Silver Tiger either but Summa and Blackrock were in the green and ST was not. I have been selling things I really didn’t want to in attempting to break the alternating day scenario “or mix” that had been going on for a year. I was trying to determine if it was the stocks or an intervention. I bought oil stocks and they fell in the rotation. I sold some golds to see if that would break it up. Now I am trying to rotate out of explorers to see if that matters. So far nothing has mattered. We have had some very good days recently. I thought I had a chance today as started out covering most of Mon/Tues losses (30k). By afternoon, it walked back to 50%. Last ten minutes, wiped the rest out.
          We will see. The only entertainment I get is Copper Lake has hit 100% gains twice and I roll gains…it runs back down and then I add again. At 64% gains this 3rd time. Problem is my basis has creeped up from .05 cents to .09.
          News out of a few of them may make everything moot.

            Mar 02, 2022 02:13 PM

            Wishing you prosperous trading Lakedweller2. Cheers!

            Mar 02, 2022 02:32 PM

            I had the option to cut a base metal, but I feel they have a better future with EVs and climate problems. I was tempted to get rid of Group Ten as they are in a tight range. Given the involvement of JPM in the silver market, I thought the chances of sustained gains may be better in other base metals just because of JPM and its 5 felonies and lack of any real Regulation.

            Mar 02, 2022 02:36 PM

            Cheers back to you and thanks. I am fine as I still owe capital gains every year including 2022.

            Mar 02, 2022 02:03 PM

            I was just messaging Mike from Group Ten and we should be having him on the show for an update next week. It’s my biggest PGM position, although they technically have more value in their Nickel and still have a lot of Copper as well, with even some Cobalt and Gold. Stillwater West is extremely well endowed and growing, so I’m not parting with that position either, as I believe the best is yet to come on that project, and that at one point one of the big boys will take them out…(probably their neighbors Sibanye, but there could be other suitors as well).

            As for Silver, I believe it is still going to have a very nice run this year and over the next few years, and give JP Morgan little consideration in my thesis or trading.

        Mar 02, 2022 02:52 PM

        I recently trimmed profits on Defiance Silver & bought the dip in Silver Tiger. Didn’t take long to run up again. (Outcrop Silver & Norseman Silver catching a bid)

          Mar 02, 2022 02:18 PM

          Good trading there Buzz. I pulled a few profits recently in Defiance myself, but haven’t added more to Silver Tiger in a while and have just been holding that position for the longer game.

          For the last 2 weeks I’ve mostly been trimming back to build up more dry powder and have about 6% funds available now to deploy if we get the “Ides of March” pullback, or any PM hiccups heading into the Fed rate hikes. Over the last week or so I did sell my Aris Gold position, and then trim back partial positions in Fortuna, Americas Gold & Silver, Hecla, Sandstorm, Integra, Volcanic, Equinox, Silvercrest, and trimmed some back today in Steppe Gold.

          Having said that, I did add just a little bit to Minera Alamos, Galiano, and Calibre last week while they were floundering a bit just to beef up those positions a bit more.

    Mar 02, 2022 02:21 PM

    I have high hopes for Group Ten also and am waiting them out. It has appeared like they are capped but they have definitely been in my alternating day saga.
    Although Emerita is primarily a Zinc resource (with zinc price increasing while price of Emo going down), they also have an identified resource of silver of 400 mil ounces so far with lots of properties to put more holes in. They will also have 8 drills running this month and once the assay companies get back up to speed, that should add to my zinc, lead, silver, copper and gold holdings.

      Mar 02, 2022 02:36 PM

      Yeah, it’s tough to value these companies with polymetallic deposits like Group Ten and Emerita. I have the same challenge trying to properly ascertain where Sierra Metals should be with 5 different metals in their mix as well. I’m actually considering getting a new starter position going in Emerita again, if it pulls back just a bit further, and hated to see it run away to the upside when I last traded out of it, but it has almost returned back down to where I sold it, and appreciate you sharing your perspectives on it.

      With Group Ten, I see it as less of a trade, and more a value arbitrage that I’ve been HODL’ing for a while from lower levels, because I believe in the project and management team, and there are very few quality district scale North American Palladium/Platinum/Rhodium projects with huge amounts of Nickel and Copper and kickers from Cobalt and Gold. Very few…. I was an investor in Stillwater Mining (SWC) back before they were taken over by Sibanye, and know how rare that deposit was globally. If Group Ten at their Stillwater West project even has a fraction of what Stillwater Mining (now Sibanye) has, then it’s more of an accumulation hold for me personally, versus a trade.

      I believe that Group Ten’s resource estimate that was released was underappreciated by the market when it is compared to other similar projects on the market (or ones that were just acquired like Noront or Western Areas), and it’s already middle of the pack for both PGM projects and Nickel projects. That resource update didn’t even include most of the 2021 drilling, which will be factored into the 2022 resource update, and then they have a whole other drill program and targets outlined for this year that will be adding even more onto that. It’s my estimation that once 2021 results are factored in, and then once this years drilling is piled on that, that Group Ten will have one of the top undeveloped Nickel/PGM/Copper projects in North America, which should eventually demand a premium valuation, and also should be a takeover target. It’s one I plan on holding for the takeover win, even if it flatlines for certain periods.

      Personally, I’m more apt to trade just standard gold/silver exploration drill plays based on newsflow and sector conditions, but mostly trade the more liquid producers based on shorter-term to medium-term technical set ups. With companies defining meaningful ounces for development that look a cut above most other companies like Silver Tiger mentioned above in the blog or Group Ten, then those are projects I generally just accumulate to hold. That’s how I approach most developers actually where I may sell a big rip or buy a big dip, or sell the whole thing for a tax loss if I time it wrong and then buy it back with a new position cheaper after the hold period, but I’m in most developer for the eventually rerating, more drilling success and expansion, and the eventual construction decision (like Orezone) or the takeover offer from the big boys (like Great Bear).

        Mar 03, 2022 03:25 AM

        Yeah I got some group ten that I’ve set aside and forgotten about….. speaking of orezone there’s another holding of mine where I hold the warrants for extra leverage and waiting for it’s rerating as they close in on production

    Mar 03, 2022 03:23 AM

    Want To Win In The Markets? First Learn How To Lose

    Jesse Felder – The Felder Report – 03/02/2022

    Mar 03, 2022 03:05 AM

    Want to take another moment to thank all the contributors in here including Matthew, ex, doc, and many more of you. The hard work and time that you all put more so ex and Matthew without a doubt is never unnoticed. Docs contributions as well. Everyone’s time is important and this is a sanctuary board and has been for so many years.

    Lastly I don’t know what tomorrow brings but I know many of you have been hurt as myself with the miners in the pass I speak alone in saying I couldn’t be any more confident then iam today in regards to the exploration and developers. I use to be mainly a mid cap/ large cap type of investor when I first came to the ker. After many years of listening to Matthew doc and ex and others I came to the conclusion that if your going to swing and you have the stomach for it, swing big.

      Mar 03, 2022 03:47 AM

      Reading your gibberish Glenfidish I gotta hold my tongue or might say something to get myself kicked off here.

    Mar 03, 2022 03:41 AM

    4 stocks positive at open. Emerita up and quickly taken down. Every day the same. Waiting….

      Mar 03, 2022 03:19 AM

      Today is different. Looks like an across- the -board hit. My guess there is an orchestrated effort by managed money to scare as many “civilians” out of the metals and oil as possible as the turn may be coming. Who knows. I just know that I have been hit gradually over 5 months and now irrationally all at once.
      As some said, “when there is blood in the streets, follow-up and hit Retail as hard as you can so they sell what is valuable”. They used to say something else when the archaic concept of “fiduciary duty” and Government Regulation were a popular after-thougt.
      In these days of oligarchs and personality disorders, the best of those grow-up to work in Central Banking and its owner member banks.
      NOTE TO SELF: Check to see if the US made a deal with Putin that we would hit his Oligarchs if he could hit “commodities”.