Major Developments In The PM Markets – M&A picking up, Silver Stocks Leading, and Major Divesting Projects
Dave Erfle joins me today to outline some of the more encouraging signs for the precious metals sector. We have been talking about silver and silver stocks leading the sector, which is continuing, and now we are seeing M&A pickup in the past 2 weeks, plus the junior stocks are starting to get some attention as well.
Click here to visit Dave’s site and learn more about his newsletter focused on metals stocks.
Dave so your saying you are 100 pct invested, since you completed tax loss selling and bought other companies??
Yes Paul. I feel the odds of the PM share bottom being in place are very good here. Best of luck.
Hunting for PGE-nickel-copper riches in Montana
by @JamesKwantes on 3 Dec 2019
Site visit report: Stillwater West, Montana – Group Ten Metals (PGE)
“Assays are pending for holes drilled this season at Iron Mountain and Camp Zone, two of Group Ten’s most advanced targets at the Stillwater West PGE-copper-nickel project in south-central Montana. I initiated coverage on Group Ten in the Oct. 9, 2017 newsletter and recently went on a site visit to the company’s 54-square-kilometre Stillwater West property. The visit reinforced the enormous mineral potential and gave me a glimpse of some of the hurdles that will need to be cleared in order to create shareholder value.”
https://ceo.ca/@jameskwantes/hunting-for-pge-nickel-copper-riches-in-montana
How refreshing: for once, the Jr miners tell the tale
Agreed. It is nice to see the Juniors starting to get traction.
This is one very good-looking picture:
https://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=7&dy=0&id=p23160097610&a=703348569
Important Fibonacci Fan resistance lies at roughly 40.70 this week:
https://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=7&mn=9&dy=0&id=p87064946548&a=499696673
After that, there more Fib resistance around 45 along with important Speed Line resistance:
https://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=7&mn=9&dy=0&id=p53330330889&a=704299031
SILJ just had its highest close in 8 months versus GDX:
https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=0&mn=10&dy=0&id=p84341399245
SILJ looks fantastic versus GLD:
https://stockcharts.com/h-sc/ui?s=SILJ%3AGLD&p=W&yr=4&mn=5&dy=0&id=p09317561092&a=704164857
ALEXCO ( AXU) another big Silver discovery on adjacent property @ Keno Hills.
Added to my position @ US 1.94
I’ve been stocked locked and ready to rock with AXU.
It has moved back up more recently, but I want to see a bit more enthusiasm.
(AXU) (AXR) Alexco Issued New Quartz Mining License for Bellekeno, Flame & Moth, Bermingham and Lucky Queen Silver Deposits at Keno Hill. Strengthens Operations Management Team
by @newswire on 2 Dec 2019
https://ceo.ca/@newswire/alexco-issued-new-quartz-mining-license-for-bellekeno
(AXU) (AXR) Alexco Discovers New Zone of Silver Mineralization, 3.7 Kilometers Northeast of Bermingham Deposit, Composite Assays to 832 Grams Per Tonne Silver over 7.4 Meters True Width
by @newswire on 4 Dec 2019
https://ceo.ca/@newswire/alexco-discovers-new-zone-of-silver-mineralization
K….here’s more enthusiasm ….I bought some too. Lol
Haha! We’ll count it Wolfster!
Nice action in LODE today, (for a change).
On good volume too:
https://stockcharts.com/h-sc/ui?s=LODE&p=D&yr=1&mn=0&dy=0&id=p10085360662
Yeah, get a LODE of that move. I was ready to give up on them, because it didn’t seem like anyone understood or cared about the close of their recent transaction with Tonogold. Encouraging.
LODE is still trading pre-split at less than 10 cents a share. Long term chart tells the tale.
The Canadian dollar looks good for at least the short term:
https://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=0&dy=9&id=p85952077731&a=681313181
Oops, that was supposed to be this one:
https://stockcharts.com/h-sc/ui?s=%24CDW&p=M&yr=11&mn=11&dy=0&id=p92041701049&a=696485152
Looks like we have a good shot at a longer term rise.
Look at this big move up in $CDE Coeur Mining’s chart. Impressive action.
(BAR) (BALMF) Balmoral Expands Ripley Zone Gold Discovery / Area 51 Gold System, Detour Gold Trend, Quebec
by @nasdaq on 4 Dec 2019
https://ceo.ca/@nasdaq/balmoral-expands-ripley-zone-gold-discovery-area
Base metals fundamentally in good shape despite lower demand – Glencore
3rd December 2019 – By Martin Creamer
Despite weaker 2019 demand, base metals are fundamentally in good shape, Glencore CEO Ivan Glasenberg said on Tuesday.
“Presenting an investor update with Glencore CFO Steve Kalmin and Glencore industrial assets head Peter Freyberg, Glasenberg described copper, zinc and nickel markets as being tightly balanced and heavily destocked.”
Huge breakout coming soon:
https://stockcharts.com/h-sc/ui?s=%24XAU&p=W&yr=7&mn=11&dy=0&id=p16063419347&a=505389797
Nice summary of AXU and other Yukon miners
https://equity.guru/2019/12/02/watchful-eye-gold-basket-yukon-explorercos/
SILJ is up 21% since bottoming 6 weeks ago and is up 4% today on greater than average volume. The implications for the rest of the sector are clearly bullish.
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=0&mn=9&dy=0&id=p30416026783&a=700958480