A Positive Reversal Day For Precious Metals and PM Stocks

April 4, 2019

After testing $1,280 early this morning gold has rebounded by $14 and the gold stocks have garnered a buy throughout the day. David Erfle, Founder of The Junior Miner Junky joins me to share his thoughts on this positive reversal. With stocks leading higher and gold bouncing off the strong resistance this is a very nice sign for PM investors.

Click here to visit David’s site for more information on his newsletter.

    Apr 04, 2019 04:13 PM

    SLV reversed at fork support…

      Apr 04, 2019 04:20 PM

      It also reversed at a shorter term fork support (it’s amazing how frequently such “coincidences” happen)…

        Apr 04, 2019 04:18 PM

        Yes, it’s very curious how charts respond to support and amazing when we see these “coincidences”.

        Thanks for the charts Matthew.

      Apr 04, 2019 04:42 PM

      Hi Matthew keep the good stuff going! On a personal note I’m heavy on impact and keep adding at every opportunity. Great choice.

        Apr 04, 2019 04:09 PM

        Hi Glen, I hope all is well!

    Apr 04, 2019 04:17 PM

    Huge outside day for GDX vs GLD…

      Apr 04, 2019 04:39 PM

      Even MRRMF rose from 9 cents to 12 cents. Maybe the bottom is in?

        Apr 04, 2019 04:01 PM

        Matthew, Doc, and AL, are you NRA members? I just signed up for 3 years and hope they are not a front for a Soros outfit.

          Apr 04, 2019 04:09 PM

          Bonzo, you are right to wonder about the NRA. I am not a member and will never forget how the organization endorsed Bill Richardson (D-globalist) for POTUS instead of Ron Paul. Like so many other organizations (e.g. FOX, Drudg, Breitbart etc) and individuals (e.g. Alex Jones, Ben Shapiro, Jordan Peterson etc), the NRA represents approved, if not controlled, opposition.

          The real deal:

          “The only no-compromise gun lobby in Washington”
          – Ron Paul

          Apr 04, 2019 04:36 PM

          Isn’t it “interesting” how mainstream textbooks fail to address the following quote? The American Revolution was not just about taxation, it was about fighting tyranny in general.
          Commoners who argue for gun control should be seen for the ignoramuses that they are.

          “We should not forget that the spark which ignited the American Revolution was caused by the British attempt to confiscate the firearms of the colonists.”
          —Patrick Henry

            Apr 05, 2019 05:14 AM

            Ditto………nobody does their history lessons…………

    Apr 04, 2019 04:05 PM

    Hee haa hoo ya…………….Platinum finally got a bid……up $30…. $900
    I think platinum is going to over take palladium……….JMO……. 🙂

      Apr 05, 2019 05:06 AM

      Lobo Tiggre – Palladium Investors Must be Cautious

      by @PalisadeRadio on 5 Apr 2019

        Apr 05, 2019 05:10 AM

        I think , some of us already said what the gurus are saying, only, we already said that about two weeks ago..before it fell, after the parabolic move…… 🙂

          Apr 05, 2019 05:11 AM

          Maybe some of the gurus…..need to read Bobby’s book….. 🙂

        Apr 05, 2019 05:42 AM

        Gann Report out………and platinum is going higher…….look for a triple % gain…maybe about 188%…, but, it has moved up 17%, ….so take it from there…..
        Platinum does not move in the same direction as HUI, gold or silver.
        We will see…….about this time next year. Historically speaking of course.

          Apr 05, 2019 05:34 AM

          Looks to be going higher……

    Apr 04, 2019 04:56 PM

    Fipke now owns 47.4% of Cantex, it had a big day up 37%.

      Apr 04, 2019 04:20 PM

      $USAS was also on the move today (up 20%) which is a lot for a mid-tier producer.

      They announced their financing deal with partner $SAND Sandstorm Gold helping to launch their construction of the Relief Canyon asset gold asset in Nevada that they got by acquiring Pershing Gold.

      Also having Pierre Lassonde involved from Franco Nevada should speak volumes.

      I was surprised by their sale of San Felipe to Premier Gold, but they are staying focused on their main projects, so more power to them.

      It is time for a good re-rating in this stock over the next 12 months, and the larger production profile and size of assets should bring more institutional investors and funds into this dual listed growth story.

      USAS Americas Silver Corp

      $1.85USD up +$0.32 (+20.92% gain)

        Apr 04, 2019 04:27 PM

        Here was another bright spot for the day – Anaconda Mining putting out great drill results (again) but few investors paying attention to this story still. It just gives me more time to keep accumulating, but I’m surprised some of the drill junkies out chasing crap stocks that will never go into production are not more focused on a real company continually nailing milestones and exceeding guidance in their production efforts. Eventually folks will wake up to Anaconda’s pattern of success.


        (ANX) (ANXGF) Anaconda Mining Intersects 42.85 g/t Gold Over 3.8 Metres and 9.83 g/t Gold Over 3.5 Metres at Goldboro

        @newswire on 4 Apr 2019

        – 42.85 grams per tonne (“g/t”) gold over 3.8 metres (66.6 to 70.4 metres), including 316.76 g/t gold over 0.5 metres in hole BR-18-70;
        – 9.83 g/t gold over 3.5 metres (81.1 to 84.6 metres) including 58.31 g/t gold over 0.5 metres in hole BR-18-69;
        – 7.48 g/t gold over 4.1 metres (125.0 to 129.1 metres) including 35.45 g/t gold over 0.8 metres in hole BR-18-68;
        – 7.69 g/t gold over 2.9 metres (34.0 to 36.9 metres) including 43.87 g/t gold over 0.5 metres in hole BR-18-69; and
        – 16.54 g/t gold over 1.3 metres (105.0 to 106.3 metres) including 26.53 g/t gold over 0.8 metres in hole BR-18-69.

          Apr 04, 2019 04:29 PM

          KD Morning Musings (glad to see our buddy Mickey Mantle noticed and is on the case)

          April 4,2019- The beat goes on -ANX releases stellar drill results again !

          “Anaconda Mining has done it again. Strong drill results in a resource that keeps steadily growing. The real news however is highly seasoned very successful mining engineer Kevin Bullock has been brought in as CEO of ANX. I am doing back flips over this a this will propel us to the next level. Kudos also to Jonathan Fitzgerald for pulling off the coup of bringing in a strong leader in Mr.Bullock. Look for an interview with Kevin soon when the dust settles, get ready for a nice ride folks, this is just what the Doctor ordered for ANX shareholders.”

          Apr 04, 2019 04:11 PM

          USAS that is. Did you see Anaconda hired a new CEO. Guy sounds impressive and has been a board member for years and has had success taking miners to the next level. Don’t worry, Dustin is still in the picture, The story just keeps getting better!

        Apr 04, 2019 04:43 PM

        +1 Bought some this morning.

          Apr 04, 2019 04:52 PM

          A solid plan, as things are just getting geared up.

            Apr 04, 2019 04:13 PM

            Ex – I meant to post here. Seems like my postings never go where I intend!

            Apr 04, 2019 04:14 PM

            Ha! I’ve learned to expect the unexpected when posting on the KER 🙂

          Apr 04, 2019 04:33 PM

          (SAND) (SSL) Sandstorm Gold Royalties Announces Gold Stream Acquisition on Relief Canyon as Part of US$42.5 Million Financing Package with (USAS) (USA) Americas Silver

          by @accesswire on 3 Apr 2019

          Near-Term Cash Flow: Americas Silver expects Relief Canyon to pour gold by the end of 2019 with average annual production of 91,000 ounces of gold at an all-in-sustaining cost of US$801 per ounce.

          Precious Metal Stream with Fixed Deliveries: Sandstorm will receive 32,022 ounces of gold over 5.5 years, followed by a 4.0% precious metals stream thereafter. This is expected to increase the Company’s attributable gold equivalent ounces1 by 7% in 2020 and 9% in 2021.

          Exploration Upside: Relief Canyon has a large prospective land package that is relatively underexplored. Sandstorm’s royalty covers the full property area surrounding the mine site.

          Safe Jurisdiction: Relief Canyon is located in Nevada, USA, one of the world’s best mining jurisdictions. Americas Silver has mining and processing permits in place to start operations at the Relief Canyon mine.

    Apr 04, 2019 04:15 PM

    Goldcorp Announces Shareholder Approval for Combination with Newmont

    by @newswire on 4 Apr 2019