Precious Metals Companies To Keep An Eye On In 2020
Jayant Bhandari kicks off this week by sharing some of the stocks he thinks will preform this year. Some of these companies have big drill programs and some are arbitrage opportunities. Please email me know if you want Jayant to comment on any stocks you think will have a good 2020 – Fleck@kereport.com.
Well based on my redder than green screen a lot of the jrs are down today
Interesting, it’s the only red on my screen.
There’s more red on my screen now but BBB is by far my worst performer (and I bought more).
My screen is mixed.
imo it shows not very many people are interested in jr mining, i dont follow bigger miners so dont know about them.
With all the lack of interest I wonder where the interest will come from to drive prices up.
The interest in bitcoin might be having a bigger effect than people think.
Deep value and the positive outlook for the metals drives the smart money and gets the sector moving while dumb money will be motivated by the gains it sees while the stock market underperforms; FOMO.
Both fear and greed are are highly motivating and this sector is unusual because it is often driven by both.
In short, new investor interest will take care of itself as long as the fundamental foundation doesn’t crack.
Me too.
My day ended with only BBB in the red.
Lucky you……I had pure gold ,alexco and Americas as my big reds on the day.
Well AXU and USA still look fine. AXU just closed that big Christmas eve gap and USA found some support just above the 50 day MA. Sure, both might go lower but there’s no bigger picture reason for concern. At least not yet!
PGM might need slightly more time but this pullback looks like a buy to me (for those who want it).
Thanks Matthew…….at least kootenay was up today in the end.
Overstock is selling around the lows of the financial crisis. Overstock is trying to sell its
retail online company and use the funds to finance Medici Ventures, a keiretsu
of about 14 companies to embrace blockchain over the world. Medici land governance is one part of that company that deals with land titles, a market much bigger than the stock market. Patrick Byrne owns 43 percent of medici land governance according to the records i have seen.
https://stockcharts.com/def/servlet/Favorites.CServlet?obj=1155377,92&cmd=show&disp=e
Looks like quite an opportunity…
https://stockcharts.com/h-sc/ui?s=OSTK&p=D&yr=1&mn=0&dy=0&id=p10085360662
P/E is 2.8
As I cross-reference LBMA data with CoT data, it looks like one or the other is hiding something. LBMA data is at:
http://www.lbma.org.uk/assets/downloads/clearing/Clearing%20and%20Vault%20Statistics%2020200102.pdf
Good grief, what was your first clue…………lol
Sold 2 major silver companies last week and they both are rolling over today. in fact bought back one with lower shares. Will average down over time.It appears that the PM stocks are starting a correction. When this correction bottoms out, it’ll be a great chance to add to positions or pick up companies you don’t own.
Doc,
What are your thoughts on AUY, AG?
I like both and own both. I’ll add to AUY on a pull back but not AG—I’ve let it run for quite awhile but don’t intend to add to that one.
Thanks. Do you think it AUY has potential to take out its 2016’s high?
Cali, I do, in fact, over time I believe this stock has a much higher price with this bull market.
Yo Doc!
Do you care to expose which those companies are? I am interested indeed.
BTW, your old friend Gary Savage is saying the same thing, but he sees a tremendous (with Trumps voice) buying opp. In fact has been really correct about this break-out.
Cheers!
Miklo, sold CDE and HL right at the top where there appears to be strong resistance. CDE has sold off almost a buck and I bought it back (a tad) at support. However, I’ll be watching it closely since I believe it could correct more over time. HL just began a correction.
Thank you! I missed to sell CDE even though its gone up significally.
Where are your re-entering targets for both of them?
And:
Does HL´s debt worry you?
Do you have an opinion on WDO?
M, I bought a tad of CDE back this morning at 6.73 and it closed at 6.93. I wouldn’t be surprised to see 6 again. About 2.80 for HL for the first stop (I’ll purchase a tad and then potentially 2.20. HL in the past has had debt problems. Seems Baker perpetually puts this company behind the 8 ball with debt. However, higher silver prices in the future will probably bail the company out.
M, forgot to respond on WDO. I don’t own this company however in this move down there is a good chance you’ll see 9 on this stock.
Thanks Doc!
Appreciate it!
https://youtu.be/DQsEZm8La9s?t=12
ira’s metals
And so it proves to be a false pop in the precious metals markets. The climb and subsequent fall was to be expected on weekend events and I dont think its cause for concern. Typical sensitive reaction really.
Here’s a good chart from a technician (@wt90) over at ceo.ca:
@wt90 – “This 1566-1569 level is important for #GOLD. 61.8 % retracement from 2011 high to 2016 low + major level of support from 2011 – 2016 and just above the 2019 September high at 1566.20”
Good chart Ex. Two things I personally draw from this chart is: That firstly the uptrend in gold dating back to the lows of August 2018 is still firmly intact and will remain so unless the 38.2% retracement gives way which being around $1371 is quite unlikely. And secondly the 50 week moving avg has moved well above the 200 week moving avg and remains above since the end of 2016. This coincides in my opinion with market consesus that bears and bulls were ready to swap positions, meaning the bull was perhaps validated at the beginnig of 2017 before some were willing to concede (myself included).
Hi Ozibatla. Yes, agreed on both points.
The uptrend in gold since Aug 2018 is still very much intact, as is the larger uptrend that is still intact that kicked off when Gold put in it’s major bottom back in Dec 2015.
Yes, the golden cross upward of the 50 week SMA over the 200 week SMA starting in late August 2016 was further confirmation of the new bull and the 50 week has remained above it all this time, yet many claimed we were still in a bear market missing the point the whole way along.
Gold is at an interesting area of resistance at present, but did close slightly higher than the prior peak a few months back from September at $1566.20, closing at $1568.80 on Monday. This is constructive, and technically Gold just made a higher high, but the highs overnight in the $1580s were given back in the main trading session, putting a damper on the move. Also Silver was up in the $18.50s in overnight trading and gave back most of the gains closing at $18.18, so still nice seeing an $18 handle on Silver, the pull back gave it a decrescendo. Also the move in the PM miners was flat and muted on the day, especially in the Silver miners, in spite of the higher metals prices. Still it’s just one days action and the larger trends are still very constructive for the PM sector.
It will be interesting to see how PMs go into the second day of the week closing. Hopefully $1566 holds but its not the be all end all.
Gold made it to important resistance today before pulling back. Volume ramped up bullishly along with the recent gains and it is now very overbought on the daily chart and has risen a rare 9 days in a row (it managed a still impressive 8 in a row at the launch of the last big move last June).
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=5&dy=0&id=p17633476342&a=687508565
It is weekly overbought as well but not at all critically so (for a bull market) and the MACD has given a new buy signal so there is plenty of room to run. The stochastics also look good.
It doesn’t have to rise much this week to keep the near term bullish picture intact but it better not fall much either.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=4&mn=9&dy=0&id=p58150935943&a=638471359
It’s strange that Brixton would fall this morning on such a non-event. 350,000 shares is nothing…
Surge Successfully Sells its Trapper Lake Land Positions to Brixton Metals
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2575-tsx-venture/sur/71489-surge-successfully-sells-its-trapper-lake-land-positions-to-brixton-metals.html