A Positive Reversal Day For Precious Metals and PM Stocks
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.
It also reversed at a shorter term fork support (it’s amazing how frequently such “coincidences” happen)…
http://schrts.co/jRDYXYeY
Yes, it’s very curious how charts respond to support and amazing when we see these “coincidences”.
Thanks for the charts Matthew.
Hi Matthew keep the good stuff going! On a personal note I’m heavy on impact and keep adding at every opportunity. Great choice.
Hi Glen, I hope all is well!
Huge outside day for GDX vs GLD…
http://schrts.co/AKDYIBJW
Even MRRMF rose from 9 cents to 12 cents. Maybe the bottom is in?
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.
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:
https://gunowners.org/
“The only no-compromise gun lobby in Washington”
– Ron Paul
Erich Pratt Debates Gun Controller After Las Vegas Shooting
https://www.youtube.com/watch?v=sqIqApBEtf0
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
Ditto………nobody does their history lessons…………
Hee haa hoo ya…………….Platinum finally got a bid……up $30…. $900
I think platinum is going to over take palladium……….JMO……. 🙂
Lobo Tiggre – Palladium Investors Must be Cautious
by @PalisadeRadio on 5 Apr 2019
https://ceo.ca/@palisaderadio/lobo-tiggre-palladium-investors-must-be-cautious
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…… 🙂
Maybe some of the gurus…..need to read Bobby’s book….. 🙂
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.
Looks to be going higher……
Fipke now owns 47.4% of Cantex, it had a big day up 37%.
$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)
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.
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(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.
https://ceo.ca/@newswire/anaconda-mining-intersects-4285-gt-gold-over-38
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.”
(SBB) (SGSVF) Sabina Gold & Silver Closes Flow Through Financing to Raise $5.2 Million
by @nasdaq on 4 Apr 2019
https://ceo.ca/@nasdaq/sabina-gold-silver-closes-flow-through-financing
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!
+1 Bought some this morning.
A solid plan, as things are just getting geared up.
Ex – I meant to post here. Seems like my postings never go where I intend!
Ha! I’ve learned to expect the unexpected when posting on the KER 🙂
(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.
https://ceo.ca/@accesswire/sandstorm-gold-royalties-announces-gold-stream-acquisition
Goldcorp Announces Shareholder Approval for Combination with Newmont
by @newswire on 4 Apr 2019
https://ceo.ca/@newswire/goldcorp-announces-shareholder-approval-for-combination
Newmont Welcomes Goldcorp Shareholder Vote as a Key Step Toward Completing Combination
by @businesswire on 4 Apr 2019
SLV reversed at fork support…
http://schrts.co/bbdREsSR