Time to focus on oil breaking down and gold’s reversal yesterday

September 9, 2020

Chris Vermeulen kicks off today with a focus on key moves in oil and gold. Oil has finally broken below the $40 level which opens up the door to much lower prices. For gold, was yesterday a key reversal in the correction or just the yellow metal staying within it’s current range?

Click here to visit The Technical Traders website to follow along with Chris’s trades.

    Sep 09, 2020 09:20 AM

    people will see that Kamala Harris will reassure voters as she is rational and has a nice sense of humor . pence is the oppisite , a boring man with slavish devotion too Trump . He foolishly thought he was attaching himself to a long term president , but Trump is going crazy saying strange things about U S generals , and smearing Kamala , which will drive Black and Brown voters to register to vote. N Carolina Senate race is exciting and will lead to a new DEM Senator CAl Cunningham . Gold consolidates Barrrick trends up . best of health and wealth rsh

        Sep 09, 2020 09:34 AM

        One sick puppy! or make that two or three

      Sep 09, 2020 09:01 AM

      Sep 08 In The Footsteps Of Rome: Maybe It No Longer Matters Who’s Emperor OTM

      Kamala Harris “reassures” voters after Tulsi Gabbard exposed her for what she is?

        Sep 09, 2020 09:24 AM

        Biden should’ve picked Tulsi instead of the odious Kamala who slept her way up the ladder of power in CA as Willie Brown’s mistress.

          Sep 09, 2020 09:34 AM

          I think Charles Hugh Smith is right, its not going to matter who wins the election.

          Sep 09, 2020 09:41 AM

          Tulsi Gabbard would have been a better Presidential pick for the Dems than Biden. She was the best pick on their whole primary, so Hillary Clinton attacked her for being a Russian asset and the rest of the dems made her the “bad girl” for going against the grain. She is sharp and would have given Trump much more of a challenge than Hidin’ Biden.

            Sep 09, 2020 09:44 AM

            This is how Tulsi was presented on the SNL roast of the DNC primaries. 🙂


            Sep 09, 2020 09:33 AM

            Funny, the vid is unavailable for me.

            Tulsi was obviously for multiple reasons the best if not only choice for the dems, maybe for the country.
            But it was pointed out she had association with the council on foreign relations.

            Whether that was keeping enemies close or she was part of the deep state all along I have no idea.

            I wonder if the dems chose Biden and Kamala to ensure a Trump win.

            Really, are the american people stupid enough to vote for a person with dementia?
            Do they really want someone that will keep them incarcerated for cheap labor?

            A person truly would want their own slavery if that was the case, and maybe they do.

            Ultimately tho, is it really going to matter who wins? The forces involved are far greater than the U.S. government.

            Sep 09, 2020 09:54 PM

            Some good points and some good questions b. You are correct that ultimately, there are larger forces behind the scenes calling the shots.

            Sep 09, 2020 09:08 PM

            ditto +2

      Sep 09, 2020 09:21 PM

      Are you ok? Did you catch what Joe has?

        Sep 09, 2020 09:24 PM

        Yes, he appears to have caught the awoke bug.

      Sep 09, 2020 09:54 PM

      R. Hamilton needs to walk a mile with JC. After that he needs to walk another five miles with JC. Then nailed to the cross, we shouldn’t hear from him for the next six months—

        Sep 10, 2020 10:32 PM

        lol ;;;;;;; good one,,,,,

      Sep 10, 2020 10:06 AM

      Are you serious and completely out of your mind ?!

        Sep 10, 2020 10:58 PM

        He is both and has proven so for many years.

    Sep 09, 2020 09:45 AM

    (HIGH) ((HGGOF) HighGold Drills 74.1m of 17.9 g/t Gold, 0.5% Copper, 7.3% Zinc at Johnson Tract Project, Southcentral Alaska, USA

    9 Sep 2020

    Sep 09, 2020 09:51 AM

    (TK) (TKRFF) Tinka Provides Update on Upcoming Drill Program at Ayawilca Zinc-Silver Project

    by @accesswire on 9 Sep 2020

    Sep 09, 2020 09:14 AM

    (GBR) (GTBAF) Great Bear Drills 32.30 g/t gold Over 8.20 m Within 8.08 g/t Gold Over 37.70 m, and 68.36 g/t Gold Over 3.25 m Within 5.23 g/t Gold Over 78.75 m at LP Fault at Dixie; Identifies New Gold Targets at the Sobel Property
    by @newswire on 9 Sep 2020

      Sep 09, 2020 09:36 AM

      CFS…..thinks it is a BIG ONE too,,,,,,,,!

        Sep 09, 2020 09:38 AM

        Thanks for posting , gentlemen,,,,,,,,,,
        Going to be HUGELY,,,,,,,,, 🙂

        Sep 09, 2020 09:08 AM

        Yeah, I saw CFS repost this again down below. I don’t have a position in GBR, but it has been the most successful Gold explorer the last 2 years, and I know many others here hold shares and they’re a site sponsor so I thought I’d post it.

        Those were very good results, but drill hole from HighGold was even more impressive. I am a shareholder in HIGH.

          Sep 09, 2020 09:11 AM

          Geez – CFS also posted the HighGold press release down below as well.

          CFS you must just scan by my posts and not even read them, which is fine, but 2 double posts where there were only 5 pre-existing posts is silly.

          Also, it would be nice if when you do post news on miners that you post a LINK to the news. Most times you post a link to news stories and the provide no header at all as to what it is about, with mining news, for some reason you post news with no link. What gives?

    Sep 09, 2020 09:17 AM

    (EXN) (EXLLF) Excellon Delivers Strong Production on Restart

    by @newswire on 9 Sep 2020

    Sep 09, 2020 09:25 AM


    Look at the righthand column and please explain why, other than for Marxist Political Reasons, ANY University would shut down.
    It seems the “Socialist” DEEP STATE is determined to wreck the USA.

    Sep 09, 2020 09:27 AM

    Galway Metals drills 16 m of 4.1 g/t Au at Clarence

    2020-09-09 06:41 ET – News Release
    Mr. Robert Hinchcliffe reports


    Sep 09, 2020 09:29 AM

    Highgold drills 74.1 m of 17.9 g/t Au at Johnson

    2020-09-09 06:16 ET – News Release
    Mr. Darwin Green reports


      Sep 09, 2020 09:14 AM

      This news was already posted up above, and a link was provided for those interested.

    Sep 09, 2020 09:30 AM

    Great Bear drills 8.2 m of 32.3 g/t Au at Dixie

    2020-09-09 07:16 ET – News Release
    Mr. Chris Taylor reports


      Sep 09, 2020 09:14 AM

      This news was already posted up above, and a link was provided for those interested.

        Sep 09, 2020 09:27 AM

        Fine. I’ll stop podsting anything to do with metals.
        (It did not occur to you, I guess, that I lined up about half a dozen topics to post, and just didn’t check between posts that something new had been posted.)

          Sep 09, 2020 09:33 AM

          There’s nothing wrong with posting news twice. I’ve done so many times because I skip so many posts altogether.

            Sep 09, 2020 09:52 AM

            +1. There are a couple posters though that are very touchy on this issue. Seemingly they need ‘credit’ for the post. Haven’t decided whether that’s a bit childish or just a simple narcissistic trait. Oh well, it still takes all types………

            Sep 09, 2020 09:45 PM

            CFS – Who said anything about not posting on metals – that’s a crazy over-reaction guy. Even if I have a post lined up to contribute, I usually check to see if it has already been posted, and have aplogized for posting something someone else already did in the past.

            Matthew – Sure, It’s ok to post twice, and but it happens from CFS quite often on the political blogs as well as the metals blogs, and often in close proximity where someone else already posted the same thing. Like I said above, it is clear that CFS has been skipping my posts for a while only to post the exact same thing.

            SilverDollar – it isn’t about getting credit for the post as none of us runs these companies anyway. It just seems really redundant to post several things someone else just got done posting, in exactly the same way it would be redundant for someone at a party to state several things someone else just stated.

            Most people would scan a blog first to see if something had already been posted by others first. (at the time they were posted there was only 5 posts on the blog so it isn’t like they got lost on a big thread). Simple as that.

            Sep 09, 2020 09:20 PM

            If you’re comment was also about OOTB pointing out a number of times that after he had posted something on several blogs, on several days, and had discussions around a topic on this blog, and then someone comes on an posts the exact same thing and asks of people have seen it…. then yeah, it makes sense he would point out it has been already been posted and discussed a few times. That in no way makes it either childish or narcissistic and it’s a fair point to mention it has been discussed many times.

            If someone got on here and asked hey did you hear about Hillary Clinton giving the OK for Uranium One and Rosatom to acquire the US Uranium a few years back, many would roll their eyes and mention in friendly way it has been discussed. If something is more topical news though, and it had been posted on several times on a blog or a number of blogs here, and someone ignored all that to post the exact same thing, many would consider it rude for ignoring all the previous comments. Again, if there were 200 comments on a blog and it got lost in the shuffle that is one thing, but to double-post 2 out of 5 posts on a newer blog, with a goal to just post a list of things without even looking at what has already been covered on the blog is more the issue.

            Sep 09, 2020 09:43 PM

            ditto ,,,,,I agree Ex,,,,,anyone that has been around the ker blog, knows how it works,,,,,

            Sep 09, 2020 09:46 PM

            It is also ok not to scan the blog first. I do it all the time. When it comes to duplicating press releases, it’s no big deal since the reader would know instantly if he’s already aware of any news.

            Sep 09, 2020 09:49 PM

            I am not trying to cause any division here, but,,,,,I do see we all need to be on the same page, and some are not on the same page,,,,,,,JMO

            Sep 09, 2020 09:56 PM

            Agreed OOTB. I thought the point of a forum and a discussion of ideas was to consider the posts of others, not just ignore everyone else’s ideas or contributions. I’m not suggesting at all that people should read every article linked, listen to every interview, or watch every video, as nobody has that much time. However, to ignore everyone else’s posts completely to just post one’s own content is much more narcissistic than to point out someone repeatedly reposts the same things others do and has for a long time.

            It isn’t much of a KER family if people are just going to jump on, ignore everything else posted to post their list of items and then eject. To each their own…

            Sep 09, 2020 09:25 PM

            Did you hear about Hillary Clinton giving the OK….

            Sep 09, 2020 09:29 PM

            Good one David! 🙂 I needed the laugh.

            Sep 09, 2020 09:31 PM

            All I heard was Billy gave Hilly the OK, to wear the blue dress, when he was not at Epstein Island,

            Sep 09, 2020 09:37 PM


            Sep 09, 2020 09:56 PM

            Jerry, your comment about “Little Boy Blue”, was hilarious, I needed a laugh. LOL! DT

            Sep 09, 2020 09:31 PM

            Glad you guys liked it,,,, 🙂
            Always like to contribute to the cause,,,, 🙂

            Sep 09, 2020 09:20 PM

            This is some silly shit. There is precisely nothing wrong with ignoring most comments if that’s what one wants to do. I have to essentially do so myself to make the most of my time since I am far more interested in market action than mountains of reprinted press releases.
            It’s funny that I am probably not duplicating another post in pointing out that today was technically a big and bullish day for the miners. The bears are in trouble and will be covering their shorts in a panic if they don’t score a big win tomorrow.

            Sep 10, 2020 10:48 AM

            Yes, very funny….

            Sure, there is nothing wrong with people just coming onto a forum of ideas and ignoring everyone else’s posts, strictly so they can just post their list of duplicate press releases and pet charts and then leave. Let’s just all just quickly post our own crucial posts (because the clock is ticking), and then ignore one another. Most experts agree that’s how to really build a community.

            It goes without saying that it is also fine to just post whatever folks want from funny cat videos to cake farts if that’s what they want to do. It’s a free country after all… at least for now.

            Yes, of course people can do whatever they want, and if they get involved on a chat forum to share ideas, it’s most expedient to just plop on one’s own posts, and then ignore everyone else’s. After all, our time is too important to spend wasting it reading, watching, or listening to what anyone else felt was important to post.

            Maybe we can lobby to get Franky or Heavy Hitter back on so they can put up outrageous posts unhinged from anything anyone else is discussing again, since nobody is paying attention anyway.

            Since we can all agree our time is valuable, and using the sound logic in this thread, it’s clear that paying attention to any of the breaking company news, macro economics editorials, ceo interviews, companies corporate presentations, charts, or anything that may give an investor insights into which companies are doing good work, is a waste of that valuable time.

            Investors already know everything about the whole mountain of mining companies, and have already digested and internalized what the investment thesis in all the companies is, and every aspect each company has done or even just released, so why cover it?

            Nobody is looking for new companies to invest in, nor does anyone need to catch up on companies they follow when things change, because everyone already knows everything. It is clear now that those time-stealing mountains of breaking press releases on the successful mining companies, that are doing real work and subsequently breaking out in market action, are just clutter in the way of each of our own posts. Why in the world would readers here want to actually know what news may drive the winners of tomorrow higher? Yes, let’s all set each other to ignore, because it is obvious that everyone knows everything and is 100% up to date. Well, time’s a wasting…. Cheers!

            Sep 10, 2020 10:57 AM

            Your sarcasm leads me to suspect that it will surprise you to know that I have read less than 1% of your posts over the last decade. What works for some IS a waste of time for others. Simple as that. Cheers and ever upward!

            Sep 10, 2020 10:25 AM

            It doesn’t surprise me at all. There have been so many times I’ve repeately posted about companies breaking news before they took off and became multi-baggers, and then someone will bring that company up months or years later, and you’ll respond back to them that you’ve never heard of them, but that their chart looks excellent and they’ve had quite a run. To each their own. Cheers!

            Sep 10, 2020 10:50 AM

            I see, you’re making people rich with your clerical abilities. Awesome. 👌

            Sep 10, 2020 10:02 PM

            I never claimed I was making everyone rich, just like you haven’t with your charts or company posts. However, I’ve shared a lot of my research that I spent time and energy on and pointed out many of the multi-baggers and solid mining companies as the news was first being released on drilling, permitting, developing, acquisitions, or turn-arounds in production companies, before or as they became big winners.

            I often included my commentary on the primary investing thesis, potential catalysts or challenges on the horizon for a company or project, and answered questions other investors asked to the best of my knowledge.

            I don’t know how many people got rich, which is subjective, but I’ve had many investors write me over the years thanking me for bringing the companies to their attention and saying they had good runs in the share price as the thesis played out

            Since you mentioned skipping 99% of my posts and that you ignore most of the posts on here, to just post your content,, then I wouldn’t expect you to know or appreciate any of that.

            Sep 10, 2020 10:17 PM

            I owe you a thank-you for creating doubt in Brixton while I bought it up. It went up 3.5 times after our “discussion” about it.

            Sep 10, 2020 10:47 PM

            My comments had nothing to with the moves in Brixton, but Gary’s lackluster and disorganized interview on Crux Investor sure did.

            I’m well aware of the move in Brixton and have personally rode it up the same as you in the mining stock rebounds. Overall it has done about the same as most advanced Silver and Gold explorers since the March lows. Most of the earlier stage miners are up 2-5 times so 3.5x gains are par for the course over that time period.

            Luckily I was smart enough to trim back 3/4 of the postion in a few tranches on the way up to it’s summer peak, and even though I was mostly out, bought it back to 75% of the initial position when it pulled back down to the gap and then again below the gap semi-recently, at a lower price point.

            The company has not been run well the last few years and they have exploration ADD; and I’m not the one that sees their performance or strategy that way. My plan is still to completely exit before the slower winter season, when the drills stop turning, but want to see what they put out for results in Thorn first to see if it gets some market love.

            It was a nice ride in 2016, and there were a few good trades over 2017-2019, but in hindsight I should have sold out completely in 2016 and waited until this spring to ever get positioned again. The move higher in 2020 bailed out the position and then went on a nice streak to make some good profits, and when I sell out completely in the next 1-2 months, then it will have been an OK position to have, but definitely not in my top 10 or even top 20 silver stocks and I won’t miss it when it’s in the rear-view mirror.

            Sep 10, 2020 10:40 PM

            Sorry but you’re words could have easily prompted some to sell. Confidence is a fickle and fleeting thing in any market, especially among retail investors in extremely volatile junior miners which few are good at sizing-up. When you deny this, you are saying that no one respects your opinions. You can’t have it both ways.

            The bottom line which you will not admit is that I knew what we had in Brixton while you did NOT. You can spin all the tales you want about this and that but the fact is, you didn’t get it and still don’t. As I told you before it took off, I wouldn’t have had any interest in the company had Gary Thompson done the things that you thought he should have (and you will obviously never understand why that is).

            Sep 10, 2020 10:14 PM

            Matthew – our several discussions on Brixton were 1-2 days after the blog was over, just like this one. Nobody but you and I were reading the comments, so I seriously doubt anyone but us saw the comments on Brixton, so I doubt my words had any affect on it.

            I didn’t buy more in March or April like you did, but I had added another 25% chunk to my position on (01/08/20) of this year, and added the last 25% portion (06/01,20). Then I sold 25% increments on (08/04/20), (08/07/20), and (08/10/20). At that point I had about 25% of the position left. I added 1/4 back on (08/18/20), and then added 12.5% on (08/21/20) and the last 12.5% on (08/24/20), and now I have 75% of the initial shares back again.

            If I didn’t believe Brixton was going to rally when the worm turned in the metals they I wouldn’t have added more in January and June, and I agreed and stated in our prior “discussions” that it would run higher once they put out the drilling results this summer, and that is exactly what happened. I wouldn’t have added back to the position in August if I didn’t think it could go even higher, but it is a trade for me, not a long term hold. Relax it hasn’t done that much better than most of the other more advanced Silver or Gold explorers, outperforming some, but underperforming many coming out of the March sector lows, but most underperforming over the last few years compared to most of its peers. Brixton hasn’t been that great of stock until the last 5 months, and even then it has been on par with most of it’s peer explorers and early developers. If you are placing all your confidence and knowledge in a stock like Brixton, then I’m not that impressed as it has been lackluster for years, and I understand the fundamental story far better than you as illustrated in our previous discussions. Like always, I’m done discussing this company with you because you always get all wound up about it and get ugly towards me about it for sharing honest feedback and critiques, or my personal journey trading it since 2016.

            It isn’t worth it to try to have a conversation with you about it if you are always going to get snarky and nasty about it. Good night!

            Sep 10, 2020 10:44 PM

            Also, I understood your point the first time you said it that you didn’t want the risk or dilution of a company going into development due to the large capital raise and all the issues that can crop up. You factored in their ounces would get rerated higher with rising metals prices.

            I agreed with you each time that sure their ounces in the ground would get rerated higher, just like any company with metal in the ground, but pointed out they didn’t have many ounces in the ground in 2016 when it rose the most extreme off the news of acquiring and starting to explore their Langis and Hudson Bay high-grade Silver Zinc projects. (As I pointed out then they didn’t even have Hog Heaven until 2017 long after that 2016 surge in the silver stocks was over, and had been exploring Thorn for years and that is not what moved it back then).

            I simply just don’t like a company dawdling around poking a few holes here an there on 4 different properties without making some meaningful progress, and their focus on their website, in past corporate presentations, and in press releases has moved around which project was their main focus which was a discombobulated message to the market. I agreed with the guy Matthew (Crux Investor) that I’d prefer to see a company make some kind of definitive progress after being at it 10 years now, instead of Gary’s comments about just surviving the rough markets for the last decade. Other companies have made meaningful progress in the last 10 years despite the tough markets and they are valued much higher than Brixton as a result, even if they did have to dilute shareholders to reinvest into larger drilling programs or development work and had lulls along the way.

            Sep 10, 2020 10:02 PM

            Re: “Also, I understood your point the first time you said it that you didn’t want the risk or dilution of a company going into development due to the large capital raise and all the issues that can crop up. You factored in their ounces would get rerated higher with rising metals prices.” — Those items are not the most important factors but I highlighted them because they are easy to understand.

            Crux Investor Matthew is as “retail” as they come, to put it nicely, so OF COURSE he wanted obvious progress that he could understand. He’s the kind of guy that really should avoid this sector because he has no edge on most of his competition. He showed that fact clearly when he interviewed Fred Davidson.

            Sep 10, 2020 10:52 PM

            Fair enough. Those are enough points to understand as you mentioned, and I can respect that positioning on the rising optionality in a Junior that will have a lot of torque when the interest does come back in the sector, similar to Kootenay in a way. That is my position on Discovery Metals for what it’s worth.

            As for the Matthew (Crux Investor) he was a financial lendor to businesses for a long time and is used to asking tough questions to a company officer to establish what their business plan and strategy is, what milestones investors should be looking for, and what the exit strategy is for the company (ie… buyout, go into production, JV with a Senior, etc…).

            He has been accused by others of being a bit too harsh or dismissive, and I also felt he was a bit too tough on Fred from Impact. In addition he does seem to struggle a bit with the investment thesis in Silver, and does better interviews with Gold & Uranium & Copper companies. The Novo investors didn’t like the way he talked to Quinton Hennigh either, but I learned a lot during that particular interview from Q.H. on what he really wants from Novo so as a listener it was beneficial.

            Personally, I’ve watched about 20 of his interviews and he does get company officers to open up about parts of their vision that I don’t see expressed in most interviews that just throw out the standard softball questions. There are some cringe-worthy moments when he just cuts off officers of companies mid-sentence, but there have been some really good interview and his macro ones with Ross Beaty, Rick Rule, etc… also pulled different things from them than I typically hear.

            For what it’s worth, I believe Gary from Brixton and Matthew from Crux Investor worked things out after the last interview and are slated to do a follow up interview this week and hopefully things go smoother.

            Sep 10, 2020 10:33 PM

            The grab samples from Brixton that they released today were also very high grade.

            Brixton Metals Samples up to 36.9 g/t Au, 2,890 g/t Ag and 7.2% Cu and Provides a Drilling Update on its Thorn Project

            by @nasdaq on 10 Sep 2020


            Sep 11, 2020 11:08 AM

            Matthew from Crux is more ignorant than tough which is why he doesn’t buy silver stocks. His interviews could be hurting his viewers more than helping as he loads them with unwarranted fears that seem reasonable on the surface. Misplaced scrutiny is detrimental to good due diligence and some of his viewers have probably learned that the hard way (like the ones that might have taken a pass on Impact because of his interview earlier this year).

            Sep 11, 2020 11:48 AM

            That’s a point worth considering, and maybe I give people too much credit to distinguish the tough criticism from the companies response and deduct where the truth lies between the two. As you mentioned, and I do agree retail investors are rather fickle and may have been incorrectly turned off from a true opportunity if they take things the wrong way.

            After years of watching standard interviews where companies are just asked layup questions about team, project, news, with little push-back then it just becomes an investor pitch. What seemed different about the Crux Investor inverviews was his style (although sometimes irritating) of challenging the companies narrative, or digging in deeper to see if there is a lack of a plan or unrealistic hope from a company. Sometimes when it catches company officers or directors off-guard it becomes clear they do have a gap in what they say on their website or press releases and the reality of it actually happening, and other times they get a little testy and will snap back with a lot of confidence and I actually feel even better about the company and management team. Usually if someone gets a bit snappy back with Matthew (C.I.), he’ll smile and soften or thank them for clarifying and he usually does a nicer right up on them in the accompanying text for the video because he realizes they do have their plan together and have conviction.

            He did a good one with Jim McDonald form Kootenay and it was a bit smoother, and he pushed him a little bit, but Jim handled it well, and came back with solid facts about the project and work they are doing, and I felt it was a good interview overall. Sometimes it takes pushing a little bit on the company thesis or asking a question many investors want to know to get the company to put some color on an unclear initiative.

            Matthew (Crux Investor) is active over at and always asks the retail mob what questions they really want to know before he interviews, asks about which areas of the company strategy are unclear, and then asks for feedback after the interviews. Many of the tough questions he asks are crowd-sourced from retail investors, and I’ve seen people post suggested questions, then watched him ask the company about it, and sometimes the body language and response from the company showed they really didn’t have a handle on a potential weakness or threat to their plan, which is revealing. Other times the company cleared up a huge misconception in the interview, and that is also very helpful and sometimes cleared out lingering concerns from the investor community.

            I guess it’s a fine line to be critical and have healthy skepticism when company after company wants to promote all their potential blue sky opportunity, but not get too skeptical, dismissive, or off-putting where it comes across as rude, callous, or uninformed.

            Interesting food for thought. He’s done about 80-90 interviews now, so maybe he’ll improve his craft over time, and find a better balance in how he probes and asks the tougher questions.

            Sep 11, 2020 11:05 AM

            That’s interesting that his questions are retail/crowd sourced and explains why I thought that he “is as “retail” as they come.”
            If that is a consistent approach of his, his interviews might have more value than I thought. Knowing the concerns of the herd could be a helpful contrary indicator.

      Sep 10, 2020 10:55 AM

      Stefano Bottaioli @stebottaioli · Sep 8 on Twitter:

      “$SILVER analogy of silver 10 years later – after the breakout there was a strong rise (like today) a consolidation with a retracement of 23.6% (like today) A restart to the upside from here may surprise many IF the fractal is confirmed.”

        Sep 10, 2020 10:00 AM

        Gold Forecast: Gold Cycle And Technical Update

        September 6, 2020 – Jim Curry

        “As pointed out in prior articles, our Mid-Term Breadth index began to show a divergence against price back in late-July, and with that warned that a sharp decline was brewing. Here again is our chart, showing this particular indicator:”

        “With the action seen into last week, our Mid-Term Breadth index has now managed to turn higher – and with that is back to being viewed as a net positive going forward. Even said, due to the configuration of the smaller-degree time cycles, there is still the potential for additional price weakness in the near-term – though I now view the position of breadth as a bullish indication, and with that we should be favoring the buy side of the market going forward – at least until the above should change.”

        “The overall bottom line is that gold is in a short-term countertrend correction – against what is viewed as a mid-term uptrend, with our larger 310-day cycle.”

        Sep 10, 2020 10:19 AM

        Silver – Rolling from Resistance

        Technical observations of RossClark – ChartsAndMarkets

        “Silver is reversing from the anticipated time and resistance targets. A review of previous consolidations following upside Exhaustion alerts suggests that prices should now test the rising 50-day exponential moving average (currently $24.50 basis December futures).”

        “We have also analyzed the percentage declines during the immediate weeks following the overbought test of the Bollinger Band. The average decline is 17%, which would be just below the moving average.”

    Sep 09, 2020 09:36 AM

    Callinex Mines drills 4.31 m of 4.12% Cu at Pine Bay

    2020-09-09 08:02 ET – News Release
    Mr. Max Porterfield reports


    Sep 09, 2020 09:37 AM

    Kirkland Lake drills 142 m of 1.1 g/t Au at Detour Lake

    2020-09-09 07:59 ET – News Release
    Mr. Tony Makuch reports


    Sep 09, 2020 09:39 AM

    Galleon drills 9.7 m of 7.16 g/t Au at West Cache

    2020-09-09 07:46 ET – News Release
    Mr. R. David Russell reports


      Sep 09, 2020 09:20 AM

      A similar Gold hit to that Galleon one today from Northern Vertex, only they are a producer and can easily monetize the Gold & Silver found.


      (NEE) (NHVCF) Northern Vertex Intercepts 6.1 Meters @ 9.77 gpt Gold & 36.28 gpt Silver in High-Grade Ruth Vein Located Parallel to the Moss Open Pit Gold and Silver Mine in NW Arizona

      by @newswire on 9 Sep 2020

        Sep 10, 2020 10:34 AM

        Roxgold has continued to hit paydirt and has been successfully delivering on their strategy the last 2 years, and is just starting to get market traction… finally.


        (ROXG) (ROGFF) Roxgold Announces New High Grade Discovery at Séguéla Hitting 19m at 26.1 GPT Au and 12m at 32.1 GPT Au at Koula Prospect

        “Rarely do you see results of this tenor in the very first drill holes into a new target,” stated John Dorward, President and Chief Executive Officer. “Koula is a recent addition to what is already a considerable portfolio of prospects, yet with these first batch of holes, Koula is demonstrating many similarities to Ancien – with comparable consistency and style of the high grade core, alteration style and steep southerly plunging nature.

        “Our goal this year at Séguéla has been to build upon the PEA and demonstrate the potential for the project to grow in quality, scale and scope. We believe that this year’s stream of exploration results, coupled with today’s announcement of a discovery, reinforce the potential for Séguéla to achieve this goal. With three rigs currently turning, we are confident that further exploration upside will continue to be realized. Permitting discussions continue to progress well and the Feasibility Study remains on track for completion early next year.”

    Sep 09, 2020 09:42 AM

    Tudor Gold drills 775.5 m of 0.932 g/t AuEq at Treaty

    2020-09-09 06:09 ET – News Release
    Mr. Walter Storm reports


    Sep 09, 2020 09:25 AM

    Another example of democrat scum….

    Sep 09, 2020 09:35 AM

    Tesla shares plunged, is gold next? This ‘scares’ Gary Wagner

    Kitco News – Sep 9, 2020 #VIDEO Interview

    Sep 09, 2020 09:38 AM

    Nevada Gold Discovery Good Hope Mine Tour – (NRG) (NRGOF) Newrange Gold Corp

    Insidexploration #VIDEO

    “Journey through time and the Nevada Gold discovery as we tour the Good Hope Mine on the Pamlico Ridge property owned by Newrange Gold Corp in western Nevada.”

    “Robert Carrington and Bob Archer both took part in showing us through the old workings of the mine explaining how the old time miners went about mining the ore and how the mineralization works throughout the property.”

    Sep 09, 2020 09:21 AM

    I’m glad Bob Moriarty called out that Mark Turner pos. What’s the problem with lefties and silver anyway?

      Sep 09, 2020 09:33 AM

      I’m enjoying Moriarty immensely these days. Love his recent comments that there are 400 million guns about to go off and meanwhile everybody is stealing as much as they can.

        Sep 09, 2020 09:47 AM

        Dont know if anyone has herd of Dave Ramsey, he is a money talk show host, pretty smart fellow actually, but he hasnt a clue about PMs and does not advise owning them.

        He has 12 million listeners.

          Sep 09, 2020 09:16 AM

          That’s a good sign.

          Sep 09, 2020 09:33 AM

          Ramsey……..the credit solver,,,,,,,,lol… 12 million sheeple, that spent more than they made .

          Sep 09, 2020 09:59 PM

          I’ve listened to Ramsey on the radio for years, regarding his steps to financial freedom and fiscal responsibility, but there are several things about insurance, the use of positive debt, and yes the precious metals that he doesn’t get or understand nearly as well as he claims to. Still, overall he’s a sharp guy and doing more good than harm in most of his followers financial life journeys.

        Sep 09, 2020 09:38 PM

        Hi Matthew – Never heard of Kincora. Where is the property and other than the chart why do you like? Thanks.

          Sep 09, 2020 09:41 PM

          Hi Charles, I like Kincora for it’s exploration potential in Australia which includes significant gold potential. The time is right for the speculative exploration plays, in my opinion.

            Sep 09, 2020 09:41 PM

            Thanks, Might put a toehold in.

            Sep 10, 2020 10:59 AM

            I checked it this morning and there is no market depth on the U.S. ticker symbol. Do you like any other Gold/Copper plays here?

            Sep 10, 2020 10:28 AM

            I like MUX right here despite the “pop” this morning and you might consider NEVDF if you’re as bullish copper (and inflation) as I am. It is probably good for a sizable bounce even if copper doesn’t do much.
            Lots of volume lately…

            There aren’t many that haven’t already moved significantly but I’m open to the riskier stuff in this environment based on my longer term outlook and will be adding exposure to other commodities.

      Sep 09, 2020 09:35 AM
        Sep 09, 2020 09:29 PM

        I am ready for gold to move instead of this marching in place..

          Sep 09, 2020 09:00 PM


            Sep 09, 2020 09:25 PM

            +222222222222222222222222222… two went to sleep

            Sep 09, 2020 09:54 PM


            Sep 10, 2020 10:04 AM

            Glenfidish lives… Welcome back. 🙂

        Sep 10, 2020 10:15 AM

        Any thoughts on oil stocks? I bought RDS.B, SU, BP, TSX:WCP, and Lukoil. They look cheap and the dividends look enticing as they drop in price.

          Sep 10, 2020 10:47 AM

          Pyrite, I like them and consider the sector a “buy” right now. Priced in gold, many are down nearly 90% in the last 15-20 years and are deeply monthly oversold based on the RSI(14) and other measures. So, based on that and my confidence that big inflation is coming, the upside potential dwarfs any remaining downside risk in most cases.
          Over the coming weeks/possibly months, I still expect the silver and gold stocks to easily outperform but that will likely change after they find a top that lasts for months.

          Most chart-watchers will wait for more strength and proof of a turn before buying and there’s nothing wrong with that considering the long uptrend that I believe is coming.

      Sep 09, 2020 09:03 PM

      Many would submit that they have been for over a decade. Every 2 years the community & environmental lobbyist pushback shows it hasn’t changed on acceptance of Pebble being built, the permitting issue with the wild salmon populations have regularly been reported to proceed without issue (only for there to be tons of issues), and there has always been the issue of the massive capital spend necessary to get it into production. Every few years brand new or returning investors have been duped over and over again, but I do legitimately believe the team behind Northern Dynasty legitimately wants to move forward with their project. It is the newsletter writers like Katusa, Casey, and peers that have repeatedly pumped the story to investors, reinflated the stock and then dumped it again when reality set in as true pump and dump narrative. Moving forward, with all of that nasty history, the company investor relations should be very clear and honest with shareholders, and not over-promise and under-deliver like has been going on for the last decade.

        Sep 09, 2020 09:24 PM

        Good thoughts on the Katusa, pump and dump. JMO

          Sep 09, 2020 09:35 PM

          We’ve seen em’ come and go…. Not just him, but many newsletters, and Northern Dynasty has been fodder in a number of promos over the years.

          To their credit, there were short-term gains to be had pumping a narrative to eager beaver investors (regardless of whether the mine got built or not 10 years ago, 6 years ago, 4 years ago, 2 years ago, or now… These newsletter pumps rode the parabola up, selling to the greater fools, over and over…. rinse and repeat.

            Sep 09, 2020 09:33 PM

            Mining for fools……..

            Sep 10, 2020 10:23 AM

            Yes many promotional services or newsletter writers are just mining their subscriber base….

      Sep 09, 2020 09:37 PM

      Thanks b,,,,,,,,,,,,,ND…….con job??????????

        Sep 09, 2020 09:39 PM

        In a report titled Pretend and Extend – The No Return Deposit, New York-based JCap, in typical fashion, pulls no punches accusing Northern Dynasty management of “gaslighting investors” and said the latest mine plan “is on its face absurd”:

        “We believe Northern Dynasty has crafted a money-losing mining plan to achieve government approvals. Since management is bonused on lobbying success instead of for producing minerals, NAK has no reason to care that the new plan is irrational: we think it will lose money, leave investors with a stranded asset, and be canceled anyway if Joe Biden is elected.

    Sep 09, 2020 09:27 PM

    Crescat Gets Activist on Gold #8 w/ Quinton Hennigh

    Tavi Costa – Crescat Capital – Sept 8, 2020 #VIDEO

    “We are following the economic and technical advice of renowned exploration geologist, Quinton Hennigh, PhD. Based on his extensive experience and many past successes, we have asked Quinton to serve as Crescat’s geologic and technical advisor. He has identified many of the best next generation mining assets on the planet that are still in hands of junior exploration companies today.”

    “Quinton has 30 years of exploration experience, starting with Homestake, Newcrest, and Newmont then branching off from there. He is now Chairman and President of Novo Resources, one of Crescat’s largest positions. At Novo, Quinton made a massive nonconventional and potentially highly profitable gold discovery in the Pilbara region of Western Australia. Quinton is credited with the 5 million ounce discovery of the Springpole alkaline gold deposit near Red Lake, Ontario. He was instrumental in recognizing the potential for Fosterville mine in Eastern Australia and advocating for Kirkland Lake to acquire it, which it did in 2016. It was Quinton’s expertise and enthusiasm that made the allocation of capital happen to develop what was arguably the single most economically successful high-grade gold mine of the last decade.”

      Sep 09, 2020 09:31 PM

      A nice looking Novo breakout chart from a technician (@LouieDePalma) over at ceo:

      @LouieDePalma $NVO Novo Resources:

      “Here is a 4 hr interval chart showing the beginning of the breakout from a bullish/falling wedge, along with the most likely horizontal support/resistance areas as they appear to me. Also, in regards to the moving averages, $NVO has pushed above the 180MA and found resistance under the 130MA. The current candle is so far showing support on the 3.44 horizontal support line and the 180MA a cent lower.”

        Sep 09, 2020 09:42 PM

        Nice handle on that cup! Cheers!

          Sep 09, 2020 09:24 PM

          Cheers! Yes, and the price action breaking out above the falling wedge shows significant strength and bodes well for further price appreciation.

            Sep 09, 2020 09:33 PM

            Ex, I like this what do you think. Capstone Cozamin Mine to average 61.4 MLBS of CU and 1.75 MOZS of AG annually for 2021-2023. Annual copper and silver production increases of 70% and 40%.

            Sep 10, 2020 10:01 AM

            DT – Yes, it looks like Capstone is taking things to the next level but updating their resource estimate, targeting a new feasibility study for Q4 with some of the targeted improvements, and then ramping up both Copper and Silver production for next year and beyond. With both Copper and Silver looking primed to head higher over that same 2-3 year period, then they are going to be hitting their production stride at the right time for the underlying metals.

            Very interesting and thanks for posting that press release, as it is impossible to follow all the interesting stories going on and it helps when contributors here bring ideas like this to the KER crew. Much appreciated!

            Sep 10, 2020 10:01 AM

            I don’t want to sound like a wet blanket but I’m not impressed with the short term chart. Novo has a lot of work to do technically before it breaks out for a significant higher run. The guy touting this is wishing. It may move a little higher in the near future but the longer term charts are not shouting for a significant move higher (yet).

            Sep 10, 2020 10:30 AM

            That’s good feedback Doc, and I agree that it may take Novo a little while longer to get things moving (likely once they finally get into production with their newly acquired mill). Please keep us posted on when you think the NVO chart looks more ripe for a longer term uptrend. At this point I’ve just got a start position in place, but I’ve been hoping to accumulate at lower levels but was sidetracked in other stocks the last few times it really dipped down.

            One of these days Novo will stretch higher into it’s full potentiality, and I just knew I had to at least get a position started to build upon or I’d never pull the trigger. Until then, wishing all Novo shareholders prosperity as the plan comes together.

      Sep 10, 2020 10:28 AM

      Wallbridge Mining Greatly Expands Size Potential of Fenelon Gold System

      September 8, 2020

      “The new, greatly expanded, footprint of the Fenelon Gold System, together with our ongoing infill and step-out drilling program on the original Area 51, Tabasco and Cayenne areas, dictate that we need to consider a significant increase and acceleration of our drilling program to define the full potential of what is rapidly becoming a very large system with multi-million ounce resource potential,” stated Marz Kord, President and CEO of Wallbridge. “In the coming weeks we will continue to outline the potential of this gold system by also exploring the virtually untested extensions of the Tabasco-Cayenne Zones toward the southeast.”

    Sep 10, 2020 10:06 AM

    The Unwinding: Gold, The Credit Cycle, and the Monetary System

    Real Vision #VIDEO interview

    “Dan Oliver of Myrmikan Capital, LLC and Simon Mikhailovich, managing director of The Bullion Reserve, explain the role of gold and the credit cycle through history, comparing today to the credit crises that have occurred roughly every 100 years since the 1720’s – the Mississippi Bubble in France, Europe’s reckoning with a post-Napoleon order in the 1820’s, and the post-World War I calamities of the 1920’s and 1930’s. Using history to set the table for their discussion of gold, central banking, and the credit cycle, Dan and Simon break down how these forces push the monetary system down the dangerous “goat path” towards unwinding. Despite the seemingly dour circumstances, Oliver and Mikhailovich explain why there is still hope for wealth preservation and even incredible returns for those investors who choose not to continue down the “goat path.”

      Sep 10, 2020 10:03 AM

      I own a lot of shares of Wallbridge and there are a lot of shares out in the market—-I wonder when they make the move for a reverse stock split.

        Sep 10, 2020 10:32 AM

        I could see them doing the reverse stock split to either get a dual-listing on the US big board, or before doing a big capital raise to move Fenelon into development.

    Sep 10, 2020 10:46 AM

    Premier Gold Mines Ltd. TSX-PG, Premier expands High-Grade mineralization at Hasaga in Red Lake.

    Sep 10, 2020 10:01 AM

    Virtual Metals Investor Forum today with Joe Mazumdar, Eric Coffin, Gwen Preston and Greg McCoach. Starts 10:30 CST. to sign up. One day. About 19 companies presenting.

      Sep 10, 2020 10:42 AM

      Thanks for the heads up David. I’ve seen Eric Coffin promoting the virtual MIF the last 2 weeks but almost forgot about. Much appreciated!