Hour 1 – Emerging Market Opportunities, Resource Sector M&A, Ecuador Updates, and an Update From SilverCrest Metals

October 19, 2019
Full Hour

I will be at the Schachter Energy Conference today in Calgary on the look out for some attractive oil and gas companies. If anyone is at the conference please email me ( so we can meet up.

The first hour of the show I feature Adrian Day, SilverCrest Metals, and Chris Temple with an update on the situation in Ecuador. I hope you all enjoy and I hope everyone has a great weekend!

  • Segment 1 and 2 – Adrian Day kicks off the show by looking at the relative value in global markets compared to US equities. In the second segment we shift focus to the resource sector and discuss why M&A has been slow in general.
  • Segment 3 – SilverCrest Mines released news on reconciliation results from the Babicanora Vein. Eric Fier, CEO of SilverCrest provides some more details on the results that yielded higher grades and more ounces from the February 2019 resource model. Click here to read over the full news release.
  • Segment 4 – Chris Temple wraps up the first hour with an update on the political and business situation in Ecuador.

Exclusive Company Updates This Week

    Oct 19, 2019 19:06 AM

    Cory & Big Al & all the KE Report contributors…. Thanks for another great weekend show!

      Oct 19, 2019 19:42 AM


      The KEReport message board is there for people to exchange ideas. Pease be more succinct. I cannot imagine anyone taking the time to read your endless ramblings. You even reply to your own comments! Go out and smell the roses.

        Oct 19, 2019 19:39 AM

        Bob – if you don’t want to read a post that relates to the resource industry, or this weekend’s topic of politics and business in Ecuador, then just scroll on by dude…

        If this was your idea of exchanging idea or a succinct post that brought any value to the board, I think I’ll skip your opinion of how to post on this blogs.

        You’ve criticized half the speakers that come on to the KER on the majority of your posts, and I’ve yet to see you post anything that brought value to any other reader of the KER. The posts I submitted are referenced to other sources that do bring value. Was that succinct enough for you?

        Thanks…. but no thanks.

          Oct 20, 2019 20:02 AM

          Oh, my goodness, did I hurt your feelings? I doubt if I send more than two or three posts a year and you certainly don’t have to scroll down fifteen or twenty screens to get to the end. You are polluting the message board with your endless jabber.

            Oct 20, 2019 20:59 AM

            Bob – thanks for another completely valueless post that contributed to nobody and we’ll forget by tomorrow.

            For the record – when you do occassionally post here at the KER, it is typically negative or whining against the comments of a guest, and now you have the audacity to talk about jabber or polluting the message board. Poppycock.

            If you made the smallest effort to read, you’d realize that the majority of the posts aren’t my words, but rather quotes from the articles or interviews with the source, date, and a link.

            They provide much more substance than any post you’ve come up with in years, and they’re focused on the resource sector or the topics in the editorials. (like Ecuador this weekend).

            Nobody cares about your desire to scroll down to the bottom of the blog as fast as possible so go get bent. This forum is about sharing insights on macro economics, resource sector news, and investable ideas — concepts that seem to elude your brilliant intellect and that you wouldn’t recognize if the wacked you in the face.

            Oct 20, 2019 20:09 AM


            What is your problem? Is spending a weekend pounding the keys a substitute for sex? Maybe you should consider taking some of those little blue pills.

            Oct 20, 2019 20:40 AM

            Bob – keep trolling like you have for years and maybe you’ll get the boot for breaking the site rules, and offering absolutely no value.

            For those wondering who blog mosquito is, here’s a little montage of Bob Grierson’s pattern of trolling KER contributors and being a negative nancy. Yeah, what a treasure your posts are for us all Bob.


            > On September 6, 2018 at 10:00 pm,
            Bob Grierson says: (here is Bob up to his old habit of trolling me on the KER)

            “Who is this Excelsior? Has he considered writing ‘Gone With The Wind, part 2’ ?”

            >> On September 7, 2018 at 7:04 am,
            Robert Moriarty says: (Bob M. responds to Bob G’s trolling)

            “Bob G: I think he’s the guy who is competing with Mathew to see how much money he can help readers make for free. It’s a tossup as to who is better, Ex or Matt but they have put more money into more people’s pockets on this board than the next 20 combined.”

            “Matt and Ex just keep pumping out good advice for free. I personally feel I owe them both a giant thanks for all they do.”

            “Ex: Write away.”

            > On October 16, 2018 at 6:59 pm,
            Bob Grierson says: (here is Bob taking a swipe at David Erfle)

            “Hello David – I recently asked you why you still own Novo Resources despite it having fallen over 50% from when you bought it. Your reply was that you bought Novo via a private placement, a vehicle not available to most of us. I would be interested to know if you got a warrant with the purchase and what the strike price of that warrant was. I wish you would be a little more transparent about your purchases rather than just saying “I own Novo”.

            > On October 17, 2018 at 8:36 am,
            Bob Grierson says: (Bob taking another swipe at David Erfle – as if David owes Bob anything. If you want his thoughts then subscribe)

            “Hi Dave – It seems to me that if you are going to use the KEReport as a platform to promote your services you should be transparent and forthcoming there as well.”

            > On October 16, 2018 at 10:20 am,
            Bob Grierson says: (Bob taking a shot at a guest company interivew)

            “Hi Cory / Hugh – It sounds like Revival is burning through lot and lots of money. I wish you would give details of grades and where or not heavy weights such as Sprott are helping with the financing. Is there going to be a massive share dilution?”

            > On October 18, 2018 at 12:27 pm,
            Bob Grierson says: (Bob taking a swipe at Craig Hemke the guest that day)

            “Oh my God, he’s still talking! ”

            > On January 17, 2019 at 1:21 pm,
            Bob Grierson says: (Bob taking another swipe at Craig Hemke – as if Bob has ever provided any insight on here that made anyone money)

            “Craig – The bottom line is that anyone who followed your advice last year lost money.”

            > On May 16, 2019 at 2:48 pm,
            Bob Grierson says: (Bob continuing to troll Craig Hemke)

            “Craig – So much for your ‘cap’ on price moves.”

            > On May 17, 2018 at 7:05 pm,
            Bob Grierson says: (Bob showing his complete lack of knowledge around technical analysis)

            “Forget this chart nonsense. What could be more of a trailing indicator than the COT report?”

            > On September 18, 2019 at 11:47 am,
            Robert Grierson says: (Bob, who doesn’t understand TA trying to school Jordan on charts)

            “Jordan – There is a sea change occurring in the precious metals markets that is not reflected in your charts.”

            > On February 15, 2018 at 4:27 pm,
            Bob Grierson says: (Bob taking yet another swipe at Craig H. just like a troll)

            “What is Craig Hemke’s claim to fame that gives him the right to pontificate on the precious metals market? His track record is dismal.”

            > On December 8, 2016 at 8:45 am,
            Robert Grierson says: (Bob telling us all who he’s stopped listening to – like we give a chit who this ding dong listens to. Who does this guy think he is?)

            “Hi Al / Cory – Your viewers might be interested in a list of ‘gurus’ that I have stopped listening to for various reasons.”

            “The following are very good at jaw-boning and postmortems but rarely spot inflection points in the market.”

            > On December 1, 2016 at 10:06 pm,
            Robert Grierson says: (Bob taking another swipe at Craig Hemke as if he is the judge of who has value)

            “Dear Al / Cory – Not to mention any names but please look at the track record of your guest from time to time. If his recommendations are wrong or his portfolios are performing poorly do what my dad used to do with the puppy when it crapped on the livingroom rug. Take him be the scruff of his neck and rub his nose in ‘the Turd’.”

            Yes, those winning contributions were from scholar and legend in his own mind… Bob Grierson

    Oct 19, 2019 19:09 AM

    As for Ecuador… it was just starting to pull it’s head up for a breath of fresh air a few years back, but lately there’s been enough turmoil to steer clear of the jurisdiction, when there are so many others without the concerns. No thank you…

    Two wings of the same bird: Crisis over fuel and subsidies in Haiti and Ecuador

    By Angel L. Rivera Agosto – October 08, 2019

    “Violent clashes broke out between protesters and police in both Haiti and Ecuador after the governments of both countries eliminated fuel subsidies, following the instructions of the International Monetary Fund. Latin America and the Caribbean has a long history of following policies imposed by the IMF as well as the World Bank as a condition to get loans and financial benefits from those two institutions. Those policies along with the foreign debt crisis have affected the continent for decades. The situation in Ecuador and Haiti are good examples of the direct impact of that in the everyday life of the people there. That is what we would call “two wings of the same bird.” It is two countries facing the same root cause of their problems.”

    “In Ecuador, President Lenin Moreno declared a “state of emergency” last Thursday following demonstrations against rising fuel prices, due to the government scrapping subsidies. Ecuador’s President Lenin Moreno announced Tuesday the elimination of gasoline subsidies, labor reforms, tax changes and other economic measures aimed at complying with the conditions of the loans granted by the International Monetary Fund (IMF).”

      Oct 19, 2019 19:11 AM

      Australian solidarity blockade at BHP

      11 October 2019

      “The protest comes as Ecuador goes into a state of emergency with hundreds injured and at least 5 killed in one of the most serious uprisings Ecuador has seen in recent years. The unrest arose from resistance to IMF-mandated austerity measures that also allow greater freedom for foreign interests operating in the country, making mining companies such as BHP complicit in the use of military force to protect their business interests.”

        Oct 19, 2019 19:14 AM

        Arsonists Attack Ecuagoldmining’s Camp In Ecuador

        Valentina Ruiz Leotaud | October 6, 2019

        “A campsite at the Río Blanco gold-silver project in southern Ecuador was set on fire this weekend by what operator Ecuagoldmining South America deems ‘terrorist attackers.’

        “According to the company, which is owned by Chinese investment firm Junefield Group S.A., the attackers took advantage of the surrounding chaos caused by a national strike action and forced their way into the camp carrying high-caliber guns. Once inside, they threatened security personnel and burnt a truck, tents and other items.”

          Oct 19, 2019 19:16 AM

          Ecuador’s Government Flees Capital and Warns Of Coup Threat

          Bloomberg News | October 8, 2019

          “With Ecuadorian protesters infuriated by rising fuel prices occupying government offices and oil fields, the president and his administration fled the capital, warning of a coup.”

          “In a national address late Monday, President Lenin Moreno said he had moved the executive branch from Quito to the port city of Guayaquil due to security threats. The president said that allies of his predecessor Rafael Correa had infiltrated protests against increases in fuel prices in a bid to topple his government.”

          “They are the ones behind this coup attempt,” Moreno said, without providing evidence. “The looting, vandalism and the violence show that here there is an organized political intention to destabilize the government and break the democratic order.”

            Oct 19, 2019 19:19 AM

            Ecuador Woes Weigh on SolGold’s Shares, Projects Future

            Cecilia Jamasmie | October 10, 2019

            “Worries around the fate of SolGold’s (SOLG) projects in Ecuador escalated this week after President Lenin Moreno, whose austerity measures set off violent protests, fled capital Quito and sought refuge in the southern port city of Guayaquil, triggering rumours of a coup d’État.”


            “The Australian miner has seen its value halved since May, when a proposed referendum on mining casted doubts on the future of its projects and assets. From the 37.60 pence its shares were trading on May 1st in London, they have fallen 17.20 pence as of Thursday morning, leaving it with a market cap of only 317.57 million pounds (about $393 million).”


            Oct 19, 2019 19:38 AM

            SolGold (SOLG) – which it has a rich Copper/Gold deposit, has had a bunch of infighting from investors in the Cornerstone Capital Resources camp, and as they throw sticks and stones at each other about which management teams are more inept at moving things forward, which hasn’t helped their cause, especially in lieu of all the political upheaval lately in Ecuador.

            Add to that the trade wars squashing the Copper prices all year long and that hasn’t helped either. Still, there is significant Gold resources at Cascabel and both SolGold and Cornerstone Capital Resources have completely ignored the rise in Gold north from $1200 to over $1500 over the last year, which isn’t a show of strength.

            Here is a 2 year price chart for SOLG and it tells the tale of where Mr Market values this company.


            Oct 19, 2019 19:44 AM

            The contrarian investor mindset can likely see the set up for a bounce soon in Solgold and Cornerstone as the prices have pulled back so much, and there has been a great deal of arm-waving and press releases from them, Auriana, and Lundin Gold trying to calm investors nerves and tell folks “Everything is OK now…”

            They failed to cover how much their fuel costs just went up though, and how that will affect their cost inputs.

            The question is, will enough investors that just got bit bad for the last year, want to take on the jurisdiction risk on their projects, when there are so many other miners that they can put their hard earned money in with far less risk.

            It may be worth the contrarian punt to see if things improve in Ecuador over the next 3-6 months, and it may in fact put in a small rally, but there are just so many other jurisdictions free from the noise and nonsense of Ecuador, that it just doesn’t seem worth the candle.

            For those that wade in to those waters, good luck to you and keep a weather eye on the horizon for more upcoming political storms…

        Oct 19, 2019 19:22 AM

        Ecuador’s President Rolls Back Austerity Measures That Triggered Protests

        Barbara Fraser – Oct 14, 2019

        “Ecuadorian President Lenin Moreno met with indigenous leaders and agreed to roll back austerity measures that had sparked 10 days of protests.”

        “Moreno agreed to rescind a decree he had announced the night of Oct. 2, which eliminated a $1.4 million annual fuel subsidy as part of a multibillion-dollar loan deal with the International Monetary Fund. Government officials said the cheap fuel had benefited criminal groups operating a lucrative cross-border trade in contraband gasoline to Peru and Colombia.”

        “After the subsidy was eliminated, however, diesel fuel prices nationwide more than doubled, and gasoline prices rose by about 30 percent. The sudden increase in transportation costs was expected to increase the costs of other products.”

          Oct 19, 2019 19:29 AM

          How will those rising fuel prices affect the cost inputs for Ecuadorian miners?

          How will the recent security concerns at mine sites and oppostion by indigenous groups and local communities affect investors attitudes and sentiment on investing in Ecuaor?

          The tanking of Solgold and Cornerstone Capital’s share price are a pretty good indicator.

          (SOLG) is arm-waving that they got a deal done with the locals, but will it be enough to instill investor confidence?


          SolGold PLC Announces Deal reached in Ecuador

          @accesswire on 15 Oct 2019


          With roughly 2,000 mining companies across various commodities and many of them located in Canada, the United States, Australia, Chile & Peru, Mexico – hell even in West Africa or Brazil which are quite risky, then why the hell would people want to risk going into Ecuador or Colombia or the Congo or South Africa when there’s already so much risk in just investing in resource companies. No thanks…

    Oct 19, 2019 19:12 AM

    Did The Move Into Safe Haven Assets Get Too Extended?

    KorelinEconomicsReport (10/15/2019)

    “Chris Vermeulen, of The Technical Traders kicks off today by looking at the recent downtrends in the safe haven assets. We look at the speed of the breakout and what the long term outlook is. To wrap it up Chris shares a trading strategy for #NaturalGas.”

      Oct 19, 2019 19:13 AM

      Watching Closely The Relationship Between the USD and GOLD
      KorelinEconomicsReport (10/16/2019)

      “Jordan Roy-Byrne joins to chat about the recent relationship between the US dollar and gold price. Over the past year the two have moved up together but today was a divergence of that trend. Not saying that this one day is the start of a new trend but a falling dollar could bring on all sorts of new risks that most are ignoring.”

        Oct 19, 2019 19:19 AM

        Rick Bensignor – Gold is Back in a Bull Market and Will Head Towards $1700

        by @PalisadeRadio on 17 Oct 2019

        Oct 19, 2019 19:35 AM

        Bob Moriarty: There Is No Rush Like A Gold Rush

        by Ceo Technician (@Goldfinger) – October 19, 2019 – Energy and Gold Ltd

        >> Bob Moriarty: “Look at gold.”

        > Goldfinger: “Gold’s dropping.”

        >> Bob Moriarty: “Look how much it’s dropping.”

        > Goldfinger: “Yeah, about 1%.”

        >> Bob Moriarty: “Well, here’s what’s really funny, if you remember. How many times in the last six months have we done interviews and I said, “Look for the markets crash in October.” As optimistic as people were on gold and silver, I maintained all along, we’re going to have a correction. We’re going to go down until we get a day with a DSI for gold below 10, it will probably be mid-December.”

        “We’re not in the strongest period of the year for gold and silver. We’re in the weakest period of the year and we’re going to correct until the excess of psychology has been squeezed out of the market. We are so close.”

        “Look what the FED did with QE-infinity. When it started up I think it was $53 billion the first day and it was $75 billion the second day, and then, well we’re going to do this through November. Now they’re talking about buying T-Bills through the second quarter of next year. Something is percolating underneath the surface and it’s going to blow and it’s going to blow PDQ..”

          Oct 19, 2019 19:26 AM

          Hey Excelsior:
          Just want to thank you for posting the two discussions between Bob and Goldfinger. There is a lot out there in etherland that many of us don’t see.
          Anyway, I generally like and agree with Bob’s comments on PMs. His political comments though are another case entirely. Like most of us, his bias’ control much of the narrative he creates. His thoughts on trump throwing the Kurds under the bus is juvenile and yes, I know he’s in his seventy’s. One can argue we had no right to be in Syria but neither did several other groups. I believe we did help destroy ISIS which was good for everyone but then we didn’t finish it by leaving the captives in prison camps. Trump acts like it isn’t a problem with a few thousand fighters of ISIS roaming the world. We used the Kurds to save our own blood and could have gotten out with a more planned exit that that which trump dreamed up. Allies still count but down the road, if and when the fighting comes, we likely will be on our own………except for scum like Saudi Arabia. JMO

            Oct 19, 2019 19:27 AM

            Thanks for the response back, and it is interesting to get everyone’s thoughts and hear their unique perspectives, so I appreciate both Bob M’s thoughts, and Goldfingers throughts, and your throughts.

            As for the Kurds in Syria, these were not the same kind as the Kurds the US fought with in Iraq that are pro-America or freedom (not that the US needed to be involved with Iraq either). These Kurds in Syria are Marxist Communist terrorists, and while they helped fight ISIS, that whole narrative was BS from the get go. What is ridiculous is that ISIS was a US and UN Frankenstein to begin with, so I don’t go for the whole “we got to get the bad guys” narrative and or ISIS is the boogeyman and the US and Kurds are the “good guys.”

            Bottom line, everyone claims they wanted to the troops to come home, from Liberals to Libertarians, and while prior leaders like the Regans, Bushes, Clintons, Obamas, couldn’t make it happen, at least Trump did bring the troops home. It’s about a popular as a lead balloon, but something tells me if Obama had done this, the press would have been much more supportive of the concept. Mr Nobel Peace Prize, Obama, claimed he wanted to bring the troops home, but only went on to bomb more countries, and start more skirmishes than the dismal world leaders prior his reign. At least Trump actually did something about bringing home the troops, and those Kurds and the concept of ISIS is not worth the US fighting for in foreign lands. It’s a mess that very much instigated by the US and UN and it’s time to quit meddling in other countries destinies.

            The US is not the world police, and has plenty of problems at home and defending their own borders or getting a cohesive plan together, so it has no business trying to force its will on other countries or people.

            Oct 19, 2019 19:35 AM

            Silverdollar – I do agree with you that likewise the other countries like Turkey and Russia also had no business interefering in Syria. The whole thing stinks from the head down…

            Oct 19, 2019 19:44 AM

            Russia was asked by Assad to help out.
            The americans are there illegally.

            The americans have not pulled out of Syria, they simply have withdrawn from the border with Turkey.

            The americans are still at Al -Tanf, this is far from an american withdraw from Syria, maybe it will develop into one but that remains to be seen.

            Al-Tanf is also not the only american base in Syria.

      Oct 19, 2019 19:16 AM


      2019-09-18 – The Macro Tourist #TIPS #inflation breakevens

      “One of these days, society will wake up to the understanding that monetary policy is ineffective at kick-starting the economy and fiscal stimulus will begin in earnest. It will be effective. Too effective. For a variety of reasons it will seem like a free lunch…. at least for a while.”

      “Now don’t get me wrong. It will be abused. Just like monetary policy has been abused (negative rates throughout much of the world is an abomination we should be ashamed of), fiscal stimulus will be taken too far.”

        Oct 21, 2019 21:05 AM

        The Real Reason Gold Is Surging, and Why It Won’t Stop

        Sam Bourgi – October 20, 2019

        “Geopolitics, monetary policy and a slowing economy have all been cited as primary factors behind gold’s bullish breakout in 2019. While these catalysts cannot be discounted, the real reason gold is surging and why it will continue to do so is the trend in real interest rates relative to inflation.”

        “Only by understanding this relationship can one make sense of gold’s rock-solid performance in the face of a rising dollar.”

    Oct 19, 2019 19:19 AM

    South Africa to Increase Coal-Fired Energy, Sparking Climate Outcry

    October 18, 2019

    “Africa’s biggest polluter and most industrialised nation was facing rolling blackouts—in part due to ageing coal plants—as the government released its energy blueprint for the next decade.”

    “Mineral Resources Minister Gwede Mantashe unveiled the long-awaited Integrated Resource Plan, saying “coal will continue to play a significant role in electricity generation.”

      Oct 19, 2019 19:29 AM

      Brandon Munro: The Data Shows Us That Uranium Has To Head Much Higher

      Palisade Radio – (09/19/2019) #AudioInterview

      “Brandon discusses the improving tone of the uranium industry that he is seeing while attending the London World Nuclear Association Symposium.”

      0:40 – WNA Symposium Conference.
      1:50 – Trump and China
      3:30 – Investor misconceptions
      7:00 – $35-$40 Uranium could surprise
      9:00 – New types of reactors.
      13:30 – What will the bull market look like.
      21:30 – #Nuclear Fuel Report

        Oct 19, 2019 19:30 AM

        DOE, NRC collaborate on advanced reactor deployment
        17 October 2019 – World Nuclear News #Uranium

        “The primary purpose of the MoU is to coordinate DOE and NRC technical readiness and sharing of technical expertise and knowledge on advanced #nuclear reactor technologies and nuclear energy innovation, including through the National Reactor Innovation Center (NRIC),” the MoU states.

        “The United States has the technology, expertise and facilities to lead the world in developing next-generation reactors,” said Rita Baranwal, assistant secretary for nuclear energy at the DOE.

          Oct 19, 2019 19:32 AM

          U.S. Energy Secretary Says Cabinet-Level Group Will Boost Domestic Uranium Mining

          Reuters – Timothy Gardner – October 16, 2019

          “U.S. Energy Secretary Rick Perry said on Wednesday he believes a cabinet-level working group set up by President Donald Trump will make recommendations that will revive domestic mining of uranium for nuclear power plants.”

          “Separately, Perry declined to say, through a spokeswoman, if he would cooperate with three U.S. House committees that asked him to turn over documents by Friday in their impeachment probe of Trump.”

          When asked whether the Nuclear Fuel Working Group, which Trump set up in July, would produce recommendations that adequately boost the industry, Perry told reporters. “I do.”

    Oct 19, 2019 19:23 AM

    Based on weekly closes, the gold miners haven’t made a new low in 5 weeks (26.65 on 9/13/19) and the intraday charts point to imminent further upside.

      Oct 20, 2019 20:16 PM

      I drew a bunch of lines on this chart at home and there is a confluence of triangular points by the end of October IMHO. I don’t have an account so couldn’t save my annotations. I think it breaks downward; good for silver.$GOLD:$SILVER

        Oct 21, 2019 21:54 AM

        I think you’re right and that’s good for the whole sector.

    Oct 19, 2019 19:45 AM

    I have been enjoying the Korelin Report for years and have never posted before and i would like to thank Cory and Al and all the regular guests for their tireless work.
    As a PM investor KER is my go to source for daily market opinions.

    Having said that i would also like to thank Excelsior and Matthew as well. Both are very valuable contributors here in my mind, Excelsior for fundamentals and Matthew for charts.

    Personally i learn a lot from both of you fellows so thanks you, your work is always appreciated.

      Oct 19, 2019 19:15 PM

      Thanks for the kind words David and good to have you here posting on the KER.

      Yes, I agree that Matthew is a charting champion and learn from his posts every week.

      Ever Upward!

        Oct 19, 2019 19:13 PM

        Thanks Ex, I wish I felt like a champion.

          Oct 19, 2019 19:01 PM

          Matthew – I follow a number of technicians and you’re the best around:

            Oct 20, 2019 20:30 AM

            Thanks, what a clip! The ’80’s get funnier as time goes on…

            Oct 20, 2019 20:38 PM

            Agreed. 🙂

          Oct 25, 2019 25:54 PM

          But instead you are ass clown.

        Oct 20, 2019 20:43 AM

        Thanks Excelsior, i thought it was a good time to pipe up with some encouragement…here’s to an exciting next few years!

          Oct 20, 2019 20:37 PM

          I appreciate it David, considering the trolling going on up top.

          Yes, we truly are poised for a few more good years in the Precious Metals and eventually the Base Metals and Energy Metals sectors.

          May your investing and trades be very prosperous.

      Oct 19, 2019 19:12 PM

      David, thank you and you’re welcome.

        Oct 20, 2019 20:47 AM

        Matthew, thank you again, i am part of the silent mob that is appreciating your input. I believe we will in for quite a ride in the PM space and clear concise charting helps with my decision making. All the best and GLTA.

          Oct 20, 2019 20:46 PM

          David, I appreciate that and agree that we are in for quite a ride. Best of luck to you.

    Oct 19, 2019 19:43 AM

    There’s a very good chance that we’ve already seen the corrective low for the miners and speculative SILJ is bullishly the rest of the mining ETFs with its 5% gain this week and close above the 5 week EMA.
    The drop to the 25 week MA support came with a normal 50% Fibonacci retracement:

      Oct 19, 2019 19:48 AM

      Typo: SILJ is bullishly *leading* the rest…”

      Oct 19, 2019 19:48 PM

      Dang it, should be good luck to everybody!

    Oct 19, 2019 19:29 PM

    Why Gold Mining Companies Habitually Destroy Capital (w/ James Rasteh)

    Real Vision Finance • Oct 17, 2019 #VIDEO

    “James Rasteh of Coast Capital Management is a deep-value investor who has turned his sights on the gold miners. He points out that these stocks have destroyed billions of dollars in capital, and have chronically underperformed the gold price, even during rallies. According to Rasteh, the managers are the problem, and yet they have paid themselves millions. He says it’s now time for a change. ”

      Oct 19, 2019 19:31 PM

      Why Investing in Gold Is So Critical & the Future of Money (w/ Grant Williams and Josh Crumb)

      Real Vision Finance • Oct 19, 2019 #VIDEO

      “Josh Crumb of Goldmoney provides a unique take on the monetary attributes of gold, making the argument for investing in the precious metal, rather than saving. Getting beyond the true religion of gold ownership, Josh looks to the future of money and the intersection between gold and cryptocurrencies.”

    Oct 20, 2019 20:28 PM

    Despite Dollar Weakness Gold Cannot Overcome Selling Pressure

    October 18, 2019 – Gary Wagner #TechnicalAnalysis #Chart #VIDEO

    Oct 20, 2019 20:59 PM

    Fidelity Digital Assets Opens to All Qualified Investors