Precious Metals Resilience vs Rate Hikes, Rising USD, Falling Bitcoin –
Doc joins me today to focus on gold and silver. Both are holding up very well when considering we had another rate hike, yields are still moving up and the USD is holding its recent gains. We also look at the GDX and GDXJ chars as well as the gold:silver ratio.
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Doc do you see gold below 1275/1280 before it breaks out? Previous your thoughts were a bit more bearish and testing 1250 area this summer.
Paul, if we see 1250 it should not be in June—deeper into July if we get there. gold does not appear at risk for a sudden big drop
Doc should look at FSM. The bollinger bands of the daily narrowed significantly. They look like volume is coming in. Never seen bollinger bands so tight before.
Rick, I own FSM and I wish I had bought more at its’ low where I started accumulating. Interesting that you mentioned it since it broke out of its’ daily channel today. I feel it’ll move a little higher and then possibly top at its’ previous high. I think at that point it’ll have more work to do before taking out the high in April. It should meet a lot of resistance there.
Doc when the mining stocks finally break out I’m assuming the large caps will move first. The large cap and royalties are doing much better than the juniors currently (in general anyway). If the larger stocks really start moving how long does it usually take for the juniors to get going? Thanks
Sam, I couldn’t agree with you more. Cory and I were talking about that point today. The larger cap with good fundamentals should move first. If they really start to move, I believe it’ll take awhile before the juniors move. I think the odds are the large cap will slowly move up over time and the juniors won’t really get going significally until the large caps take out their highs of mid 2016.
Some of the mid-tiers have been doing well lately. Endeavour Silver and Teranga Gold and Superior Gold come to mind…
(USA) (USAS) Americas Silver Corporation Provides a Galena Complex Operations Update
June 14, 2018
(USA) (USAS) Americas Silver Corporation Provides an Exploration and San Rafael Update
I’ve been enjoying the move in EXK Endeavour Silver this week. Goldfinger put a nice chart up on the move in this Silver mid-tier.
@Goldfinger – “Powerful breakout on heavy volume in Endeavour Silver this week:”
(AG) (FR) First Majestic Silver To Become A Multi-Bagger In 2018?
“As silver is consolidating we start seeing some strong recovery in silver miners. We got particularly attracted by First Majestic Silver, the largest pure silver play. As a reminder, we refer to this great piece we wrote last October: First Majestic Silver Miner Poised to Benefit From Rising Silver Prices. Every single word in this article still applies, and, arguably, is becoming even more important with the day.”
35 Year Silver Chart Indicates Big Move In Silver About to Start
Taki Tsaklanos – 1 week ago
Silver price about to breakout from a 10 year long triangle pattern
“Silver price, as shown below, is still moving within the triangle pattern we have identified and shared with our readers. The descending trendline has been tested extensively since 2016 and the ascending trendline has been back tested successfully more that 4 times….”
“#Silver and silver related investments now our favorite – and safe too!”
— Clive Maund
This chart below from Clive’s Twitter feed is quite revealing:
Clive Maund – Twitter:
Interesting Silver chart from a contributor with the handle ylr over at ceo:
@ylr – “$Silver #FreeChart”
To the point up above, really the mid-tier Silvers have been doing well the last few months and very few have noticed the silent rally underway. That bodes well for the Silver Jrs if this trend continues.
(WKM) (WKLDF) West Kirkland Mining – Corporate Presentation
HASBROUCK GOLD PROJECT – on trend with Corvus Gold & Northern Empire, (only at a way better valuation as those stocks have already run ahead of themselves).
762,000 gold ounces Mineral Reserve
US$47m initial capital
US$120m NPV, 43% IRR (@US$1,275 gold)
– Trading at US$30 /gold Resource ounce, LARGE discount to other gold developers in the region – WKM also has permits to build and produce
(ANX) (ANXGF) Anaconda Announces Shareholder Approval of Issuance of Anaconda Shares in Connection with Take-Over Bid for Maritime Resources
June 14, 2018 /CNW/
“Anaconda Mining Inc. – (TSX:ANX) is pleased to announce that it has received shareholder approval by written consent for the issuance of up to 47,623,162 common shares of the Company, in connection with the Company’s formal offer to acquire all of the issued and outstanding common shares of Maritime Resources Corp. (TSX-V:MAE), together with the associated rights issued under the shareholder rights plan of Maritime dated March 15, 2018, in exchange for consideration of 0.390 of an Anaconda Share for each Maritime Share ”
Tommy Robinson sentenced to death.
More on Tommy Robinson. Why isn’t the main stream media covering this? Why isn’t KER Politics not covering this?
I think IRISH…..pointed this out…….and is a subject which we should be concerned,
There is no such thing as …MAIN STREET NEWS for the people…it is Govt cia controlled. Do not look to MSN to cover anything, that is involving peoples rights…The cabal is controlling the news….The sheeple get feed what the cabal wants them to know.
Kevin Shipp says Hillary Clinton was using a private (non-government) server for emails.
But so was Obama
AND so was COMEY….No wonder Comey would find nothing wrong or illegal about Hillary using a private server so as to avoid FOIA. He and Obama were doing the same thing.
Comey , Hilly, and Obama are all cut from the same cloth
Sadly not only is there a fatwa on Tommy Robinson, but also on his wife and two children, who have now been forced to disappear into hiding, scared for their lives.
I do not understand why the imams who issued the fatwas are not arrested for incitement to murder.
Islam: the religion of peace.,….what a joke.
Why the Hell does their government allow such monsters into the country in the first place?
It is clear, our New World Odor rulers are Hell bent on destroying western culture and the middle class.
The people must rise up and overthrow these monsters.
“New World Odor” — Good one Ebolan!
It could be too late to “rise up”, these guys are global.
It seems some pedophile rings are getting caught but when we consider child sex slavery is bigger than the nfl ya gotta wonder if the % caught is having any affect.
I hope these stories of Trump opposing the deep state are true, hard to believe tho.
Islam: the religion of peace….
Molotov cocktails delivered by kites have already destroyed 40,000+ acres of crops and trees in Israel.
Zionism: The religion of war crimes that CFS totally ignores
‘Deliberate war crime’: Palestinians decry murder of 21yo female paramedic at Gaza border
cfs is not alone, christians for Israel has over 2 million members.
over 2 million americans of just 1 religious group support the murder of Palestinians, they also supported the murder of 500 thousand Iraqi children among other events.
Islam not peaceful?
Just slight difs between them, christians think jesus was a god,islam figures jesus was a profit,jews figure jesus is boiled and the zionists figure they are gods.
Maybe we get hit by a big asteroid and everyone breaks even.
I’m not only “used to this”, I’m getting sick of it. Three years is long time to sit on one’s hands waiting for something to happen and we’re looking at yet another half year.
Off Topic: Islam: THe religion of peace:
Muslims rape 10 year old german boy!
Some of these animals should be hung from trees, where they clearly belong,totally lacking in civilization.
TD Uranium Weekly, June 13,2018 – Kazakh Production Curtailment Confirmed
Japanese utility eyes scrapping 2nd Fukushima nuclear plant
When Fukushima No. 2 is dismantled, Japan will have 35 workable reactors, down from 54 pre-disaster
The Associated Press · Posted: Jun 14, 2018
Rosatom’s Holding Company Posts 2017 Consolidated Net Income Of US$2 Billion
NEWS PROVIDED BY
Atomenergoprom and Rosatom – Jun 14, 2018
First Yellowcake From Seawater for US Team
14 June 2018
“Researchers have successfully used acrylic fibres to extract uranium from seawater in a trial conducted at Pacific Northwest National Laboratory (PNNL). The team say the technology, which uses inexpensive material, could be competitive with the costs of land-based uranium mining.”