Precious Metals Resilience vs Rate Hikes, Rising USD, Falling Bitcoin –

June 14, 2018

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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    Jun 14, 2018 14:57 PM

    long CATS

    Jun 14, 2018 14:45 PM

    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.

      Jun 14, 2018 14:47 PM

      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

    Jun 14, 2018 14:54 PM

    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.

      Jun 14, 2018 14:50 PM

      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.

    Jun 14, 2018 14:33 PM

    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

      Jun 14, 2018 14:53 PM

      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.

      Jun 15, 2018 15:16 AM

      (AG) (FR) First Majestic Silver To Become A Multi-Bagger In 2018?

      Taki Tsaklanos

      “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.”

      Jun 15, 2018 15:05 AM

      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.,EXK,FSM&p=2&O=011000

    Jun 14, 2018 14:39 PM

    (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

    Jun 14, 2018 14:09 PM

    (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 ”

    Jun 14, 2018 14:03 PM

    More on Tommy Robinson. Why isn’t the main stream media covering this? Why isn’t KER Politics not covering this?

      Jun 14, 2018 14:26 PM

      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.

          Jun 14, 2018 14:19 PM

          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.

            Jun 14, 2018 14:06 PM

            Comey , Hilly, and Obama are all cut from the same cloth

      Jun 14, 2018 14:27 PM

      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.

        Jun 14, 2018 14:50 PM

        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.

          Jun 14, 2018 14:48 PM

          “New World Odor” — Good one Ebolan!

          Jun 15, 2018 15:34 AM

          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.

    Jun 14, 2018 14:53 PM

    Islam: the religion of peace….

    Molotov cocktails delivered by kites have already destroyed 40,000+ acres of crops and trees in Israel.

      Jun 15, 2018 15:29 AM

      Zionism: The religion of war crimes that CFS totally ignores

      ‘Deliberate war crime’: Palestinians decry murder of 21yo female paramedic at Gaza border

        Jun 15, 2018 15:52 AM

        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.

    Jun 14, 2018 14:00 PM

    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.

    Jun 14, 2018 14:06 PM

    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.

    Jun 15, 2018 15:34 AM

    TD Uranium Weekly, June 13,2018 – Kazakh Production Curtailment Confirmed