The balance between investing in precious metal vs base metal stocks

August 29, 2017

This interview was recorded earlier in the day but I had to run out to some meetings before being able to post. Doc and I chatted about the moves in gold through the first half of the day before it pulled back to where it opened. We also look at base metals and get Doc’s comment on if he is playing this sector.

Click download link to listen on this device: Download Show

    Aug 29, 2017 29:11 PM

    Doc the Goldfinger and ( The lady of the Hous ) !

    Aug 29, 2017 29:13 PM

    I disagree with Cory and Doc about cruising.

    A hotel that moves while you sleep and eliminates waste of time while travelling.

    Aug 29, 2017 29:17 PM

    Dr. Samuel Johnson thought that a sea voyage was like being in prison with the chance of drowning thrown in.

    Aug 29, 2017 29:19 PM

    P.S. I’ll be on Norwegian Epic for a Transatlantic cruise out of Barcelona Nov. 5……
    Sure beats getting jet lag, as the body clock adjusts on the cruise.

      Aug 29, 2017 29:22 PM

      Ship construction has improved in the intervening time since Mr. Johnson said that.

    Aug 29, 2017 29:45 PM
    Aug 29, 2017 29:55 PM

    The lunacy of Maxine Waters:

    Aug 29, 2017 29:57 PM

    Greece must have solved it’s debt problems, tomatoes and ouzo the Greek liqueur must be a hot selling item bringing in tremendous amounts of money for their economy. What about Italy and Spain they must be booming as well. It’s funny how fast things can change, NOT! DT

      Aug 29, 2017 29:04 PM

      The European economic meltdown seems to have disappeared from the news. I just can’t figure out how such serious economic problems get solved overnight and then disappear as if they were never there. It makes you wonder if we aren’t living in a World of total BS. DT

        Aug 29, 2017 29:08 PM

        Why diss comment removele ?

        Aug 29, 2017 29:04 PM

        Agreed Dick. People must just be bored with this “trivial” type of matter. When it does make it back to the forefront of news again, everyone will act shocked as if they were totally blindsided by this “unexpected” news

    Aug 29, 2017 29:16 PM

    Thanks for your update, doc. It’s steady as she goes. It’s good that you made the Mrs. happy. I like cruises now and then as long as its a balcony suite in the lower latitudes.

    Aug 29, 2017 29:28 PM
    Aug 29, 2017 29:20 PM
      Aug 29, 2017 29:55 PM

      Cryptos, like Ponzi schemes seem to be infallible till they are no longer. The corrupt Central Bankers will have their say and they will mercilessly destroy the idiots that think this is an alternative for the money supply. DT

        Aug 29, 2017 29:45 PM

        That is an interesting post D.T.
        Bitcoin is at 4,608.26 and Bitcoin Cash is at 547.54.
        The next time you post professing the doom of the cryptos I will post an update of their value.

          Aug 29, 2017 29:49 PM

          Not a problem for me, JohnK. DT

            Aug 29, 2017 29:58 PM

            Just a foot note.; The last Bitcoin is scheduled to be mined about 133 years from now.

            Aug 29, 2017 29:00 PM

            Looks like I might need some help keeping up with the updates.

    Aug 29, 2017 29:44 PM

    I was reminiscing about the large gains in early 2016 in the Silver miners and worked a few charts just to remind us just how epic of a move these stocks had in that initial push out of the gates. Of course, down the road it will just seem like a minor blip in the silver price, but look at how some of these miners responded:

    $AG First Majestic did very well as seen on this chart where it went from $2.40 low to a high of $19.15 for a (798% gain)

    Aug 29, 2017 29:20 PM

    Here’s Why Louise Yamada Says Gold’s Going To Break Out

    “You do have enough here to argue that gold can go higher.”

    These were the words of veteran technical analyst Louise Yamada as she appeared on CNBC’s Futures Now Tuesday, when the metal rallied to levels last seen right after the U.S. presidential election last year.

    Indeed, there are many factors working in gold’s favor right now.

      Aug 29, 2017 29:37 PM

      Ha! I just posted this on the other KER blog with David. Interesting thoughts from Louise.

    Aug 29, 2017 29:43 PM

    Weird Things Are Happening With Gold

    Last week featured two unusual stories on gold — one strange and the other truly weird. These stories explain why gold is not just money but is the most politicized form of money.

    Aug 30, 2017 30:19 AM

    Today’s closing price for gold (green arrow) was more interesting than I thought…

    Aug 30, 2017 30:41 AM

    Billionaire Eric Sprott On Skyrocketing Silver
    August 28, 2017

    “Billionaire Eric Sprott has just purchased a nearly 20% stake in one of the most exciting silver plays in the world – Excellon Resources! The company has the highest grade silver mine in all of Mexico and is poised to double silver production and expand the size of its silver discovery 10 – 15 fold!”

    “With 21,000 hectares of exploration ground surrounding the mine, Excellon is conducting a fully financed comprehensive drill program focused on discovering near-term mineable resources and the large-tonnage Source of the high-grade silver currently being mined. This discovery has the potential to transform Platosa into the next major project in Mexico’s prolific CRD/silver belt. Based on similar style deposits, the Source of the Platosa mantos is likely to measure 10-15 million tonnes, or even in excess of 100 million tonnes with significant amounts of gold, along with silver, lead, zinc and copper – a hundred-fold increase over the one million tonnes of resource mined and defined at Platosa thus far. The Company has already made a discovery approximately 1km from the mine that may very well be the edge of that much larger deposit.”

      Aug 30, 2017 30:45 AM

      Excellon Resources Inc. (EXN.TO)

      $1.87 up +$0.18 (+10.65% gain)

      Excellon Resources Inc. (EXLLF)

      $1.499 up +$0.149 (+11.04% gain)

    Aug 30, 2017 30:01 AM

    RIGHT ON RICKY’s number ………..1308.60

      Aug 30, 2017 30:10 PM

      but, I think he just moved his number. down, $1301….according to his commentary, unless I did not hear him correctly………….