Inflation peaking and sentiment to risk assets all hurting gold

April 26, 2017

Gold is bouncing off the $1,260 support level today we need to understand why this move down is happening and just how important this level is. Jordan Roy-Byrne, Founder of joins me to share the factors he is looking at for the precious metals. These include the metals charts but also factors that have investing shining a better light on the equity markets.

Click here to visit Jordan’s website.

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    Apr 26, 2017 26:53 PM

    Does not look good for PMs, I sorta thought doldrums would happen earlier his year.
    People are jittery as heck about gold.
    sept oct maybe.

    Apr 26, 2017 26:39 PM

    Epstein Metals update

    Apr 26, 2017 26:53 PM

    Gold looks ok to me………….1269.3

    Apr 26, 2017 26:33 PM
    Apr 26, 2017 26:17 PM

    Dr. Quinton Hennigh, CEO and Director of (NVO) Novo Resources speaks on the profitability of gold mining in Australia. #VIDEO

    “The focus of Novo is to explore and develop high quality gold projects in Western Australia. We have two exceptional properties, Beatons Creek and Blue Spec. Beatons Creek is an advanced project that we’re moving towards development. We foresee building a modest size, but very high in margin gold mine. Blue Spec is very nearby. It’s a very high quality, high grade asset that we anticipate exploring through the cash flow from Beatons Creek.”

    Apr 26, 2017 26:24 PM

    David Wolfin, President & CEO of (ASM) Avino Silver & Gold Mines, speaks about this junior mining company with assets in Mexico and British Columbia.

    “I grew up in the mining business. I worked in the Avino Mine in the 80s as a teenager. Avino is unique because it’s a family run business and we take a conservative approach, long-term view and we look at the communities in which we operate in and look to help and educate them.”

    “Avino is a low-cost, junior miner. Its flagship asset is in Mexico, we have two operating mines there with about 480 people working for us. And we have another mine located in southern British Columbia called the Bralorne Mine and we have plans to bring that into production in 2017.”

    Apr 26, 2017 26:29 PM

    Best analysis you guys ever had. As good as Rick!

      Apr 27, 2017 27:04 AM

      It is great having Jordan here on the KER more regularly for his technical analysis.

    Apr 27, 2017 27:14 AM

    (MQR) Monarques Gold announces Substantial Increase in its Drilling Program
    April 27, 2017

    “The Corporation has completed approximately 25% of its aggressive program of drilling on Croinor Gold and Gold Bug. Given the success achieved to date and the ongoing drilling by two drill rigs through to the end of this summer, the final program will be well over the 10,000 metres initially planned.”

    The drilling program on Simkar Gold is now complete, with the Corporation having drilled four holes totalling approximately 3,000 metres. The program was aimed at exploring a diorite-hosted gold-bearing zone where historical drill intersections had returned grades of up to 38.7 g/t Au over 3.8 metres. Samples have been sent to the laboratory for assaying and the results will be forthcoming shortly.

    Monarques has also started a new eight-hole program on Gold Bug, to be drilled between the Bug Lake corridor and the Tranche 2 corridor (see drilling plan). The goal of this program is to increase the area’s gold potential by focusing on new exploration targets.

    “On April 4, 2017, the Corporation announced that drilling on Gold Bug had confirmed the presence of a shear corridor about 15 metres wide with a vertical depth of at least 115 metres containing anomalous to economical gold grades, including 8.41 g/t Au over 25 metres in Hole CR-16-521 and 6.96 g/t Au over 15 metres (including 17.1 g/t Au over 5.9 metres) in Hole CR-17-532. The widths indicated are core lengths as true width cannot be estimated.”

    “Finally, 26 drill targets have been identified on the 150 km2 Croinor Gold property by Diagnos technology using its proprietary CARDS system. In the coming weeks, the Corporation will prioritize one of those targets, located 300 metres from Gold Bug, where it will drill six 250-metre holes for a total of 1,500 metres of drilling.”

    Apr 27, 2017 27:32 AM

    Solitario Exploration & Royalty to Acquire Zazu Metals in Friendly Transaction
    by @businesswire on April 27, 2017

      Apr 27, 2017 27:40 AM

      Damn it. I thought there was more time to get into Zazu before anyone made an offer on them, and I figured it would be Teck Resources (since their Red Dog mine is close and has had challenges) or may the Lundin family since their Zebra Holdings owned a big chunk. Regardless, I figured a takeover may happen in the next 12-18 months but sure didn’t expect it this quickly.

      Maybe that frees Teck up to buy Canada Zinc Metals (that wouldn’t hurt my feelings).

      Lots to Zinc about….

    Apr 27, 2017 27:06 PM

    Your server is eating my comments. I think the $1264 level was quite important because it lies on a line that is quite important, not just a horizontal resistance but a sloping trend going way back to Dec 2015. Its importance is highlighted by the amount of trading along that line. Price has been right on the line for 2-3 already and that is only this time around.

    Apr 27, 2017 27:09 PM

    My own models have forecast CPI inflation in the USA to peak in Feb or Mar 2017. However I had to massage the models to achieve a trend the matched the CPI inflation figures. Basically if you make an inflation model that is as conservative as possible, you get an answer similar to the published CPI – but if you choose a simpler model then the upside to CPI should have been much greater – somewhere between 3.0 and 3.5% for Feb and Mar 2017. Even so, inflation was due to peak then because of the peak in year over year oil price changes which occurred in February, plain and simple. Inflation has peaked but it should have been at about 3.3%.