Options expiration day and comments on Novo’s presentation yesterday

September 26, 2017

The Junior Miner Junky, David Erfle, joins me today to discuss the pullback in gold and another jump in Novo’s share price. For gold this pullback was expected and seems to consistently happen on options expiration day. This also happens after political stories move the price the day before. As for Novo, Quinton presented at the Denver Gold Show yesterday with a live stream. It could not have gone better as the share price shot up and is holding those gains.

Click download link to listen on this device: Download Show

If you missed the presentation here it is…


    Sep 26, 2017 26:37 AM

    There are a lot of ill-informed investors in gold and NO regulation, so the commercials can maximize their profits………until they fail.

    Sep 26, 2017 26:47 AM
      Sep 26, 2017 26:02 PM

      They have some diamond exposure via Diavik….which is a pretty big cash flow contributor sandstorm. Tsodillo I think this is the company which had a huge land package….

    Sep 26, 2017 26:21 AM

    I find it interesting that banks and commercials depress the price of gold and silver…..


    JPMorgan currently holds 650 million oz of silver,
    Goldman Sachs is believed to currently hold 1,200 tonnes of GOLD.

    Sep 26, 2017 26:45 AM

    doesnt look like too many people are interested in novo.
    maybe thats a good thing.

    Sep 26, 2017 26:51 AM

    an Brodrick talks to Colorado Resources:

    Sep 26, 2017 26:10 PM

    If the USD is starting a rally then PM’s will be heading down and presumably will so be Novo.

    People might say that they will not sell but if we get gold dropping 50 or 60 bucks in the coming weeks most of the miners will be hit.

      Sep 26, 2017 26:35 PM

      I’ve learned that a stock won’t usually goes down only if I own it. I don’t have any Novo yet so I’m looking for it to hang up there or fall relatively light in comparison with the ones I do own.

        Sep 26, 2017 26:36 PM

        Terrible typing! “a stock usually goes down only if I own it.”