Gold or Gold Stocks – Which will play catch-up in the near term?
Doc is with us today to outline whether gold or the gold stocks will play catch-up after the recent under performance of the stocks. We look a lot into the stocks broadly where majors and some mid-tiers have performed very well but the juniors have drastically lagged. Doc also shares a couple charts that have his attention.
Cali, thanks for the info. I’ll check it out.
Palladium’s Fading Stockpiles Draw Warning of Prolonged Deficit
By Elena Mazneva and Ranjeetha Pakiam – January 22, 2020
“As palladium’s record-breaking rally makes guessing the size of stockpiles more important than ever, one thing at least is clear — they’re getting a lot smaller.”
“Palladium outperformed all major commodities in recent years as carmakers boosted usage in autocatalysts to meet stricter emissions rules. The speed at which prices surged to records this year prompted the market’s trade association to warn that low stockpiles and the unlikelihood of a quick supply response means that the tightness will probably last a while yet.”
Here is a comparative chart of a dozen widely followed Platinum and Palladium stocks:
Check out the moves some of these have made in the last few months. It’s getting a bit frothy, but there just aren’t many PGM stocks for investors to pile into. Fun times!
Darn, it happened again. For some reason I can post this as 6 month charts on ceo.ca but here on the KER it defaults back to the 2 month charts.
Use the drop down “period” to switch it to 6 months as that picture shows just how much these PGM miners have moved off their lows.
Five Copper Price Trends To Watch in 2020
Mining.com – January 22, 2020
1. Copper prices – fundamentals vs sentiment
2. Policies and politics that will drive copper demand
3: The global scrap dynamics will shift – response to changes in Chinese scrap policies on imports
4: Mine supply looks set to return to growth
5: Lower TC/RCs could push some smelters below breakeven
https://www.mining.com/five-biggest-trends-to-watch-in-the-global-copper-market-in-2020-report/
Charlie Bilello @charliebilello on Twitter
“Ratio of US Stocks to Commodities continues to hit new all-time highs. $SPX $CRB”
(Chart)
https://twitter.com/CharlieBilello/status/1220347518594228224
(BAR) (BALMF) Resources Named to 2020 OTCQX Best 50
by @nasdaq on 23 Jan 2020
https://ceo.ca/@nasdaq/balmoral-resources-named-to-2020-otcqx-best-50
(SMTS) (SMT) Sierra Metals Reports Strong 2019 Production Results and Announces 2020 Guidance
January 23, 2020
2019 Consolidated Production Highlights
Silver production of 3.4 million ounces; a 24% increase from 2018
Copper production of 39.9 million pounds; a 17% increase from 2018
Zinc production of 81.1 million pounds; a 6% increase from 2018
Lead production of 35.5 million pounds; a 28% increase from 2018
Gold production of 11,632 ounces; a 50% increase from 2018
Total of 2.7 million tonnes processed; a 15% increase from 2018
Doc, my bets gold stock last year was DRD (Durban Roodeport Deep) which has climbed from under 2 last June to over 6 today. What do you think of it?
change “bets” to “best.”
BB; looks pretty good technically yet although it’s approaching the resistant 200 month SMA. I haven’t seen many of our guys talk about this stock. Where have you been hiding it and keeping it from us?
I used to read Jim Blanchard’s Gold Newsletter and Durban Deep was always one of his favorites as it had such leverage due to its production costs and low grade. I have owned it since the 1990’s and have not seen anyone ever mention it at kereport. it is in South Africa so is not the safest investment and I won’t buy any more of it. Kloof, Driefontaine, Western Deep, and Haartbeestfontaine have all disappeared but Durban Deep still abides and may soar when gold goes to 5K.
Doc,
Yamana had a good day today even though it painted a long reversal wick. I lightened up my position.