Hour 2 – A Focus On Precious Metals – Gold’s outlook, an M&A transaction, and how to analyze drill results

November 7, 2020
Full Second Hour

In this hour we are focusing on the precious metals sector. Everything from gold and GDX technicals to junior stocks and exploration drilling programs.

Please let me know what you think of the format of this weekend’s show. I love hearing from all of you. My personal email address is

I hope you all enjoy the second hour of the show!

  • Segment 1 – Doc kicks off the second hour by sharing his outlook for GDX, gold, and silver. We focus on when the best time is to move into the stocks on your watch list.
  • Segment 2 – Dave Erfle, Founder of the Junior Miner Junky joins me to discuss the Yamana (TSX:YRI – NYSE:AUY) takeover offer of Monarch Gold (TSX:MQR – OTC:MRQRF). We focus on the value attributed to the gold ounces in the ground compared to past M&A deals as well as a possible bidding war.ย 
  • Segment 3 – Steve Todoruk, Investment Executive at Sprott Global outlines the key aspects to focus on when analyzing drill results. Especially when it comes to new discoveries and expanding on the initial discovery holes. If you want Steve’s thoughts on any companies in your portfolio you can email him at
  • Segment 4 – Newcore Gold (TSX.V:NCAU – OTC:PRCNF) just announced it has increased it’s current drill program from 8,000 meters to 58,000 meters – a 50,000 meter increase. Luke Alexander, President and CEO of Newcore Gold joins me to outline the targets and overall goal for the drill program. Click here to visit the Newcore site and follow along in the Company Presentation.

Dave Erfle
Steve Todoruk
Luke Alexander – Newcore Gold
    Nov 07, 2020 07:49 AM

    Thanks Cory….Some great thoughts from Doc…Thanks Richard.

      Nov 07, 2020 07:13 PM

      This format with a new focus in hour2 is very much appreciated, thank you.

    Nov 07, 2020 07:37 AM

    Benchmark drills 128.1 m of 3.02 g/t AuEq at Lawyers

    2020-11-06 16:23 ET – News Release
    Mr. John Williamson reports
    Benchmark Metals Inc. has released new drill results from the Cliff Creek zone where it has defined gold-silver mineralization from surface over a 1.2-kilometre strike length, up to 200-metres width that extends to a vertical depth exceeding 550 metres. The volume expansion has the potential to positively impact the new mineral resource estimate expected in Q1 2021. Benchmark’s flagship Lawyers gold-silver project is located in a road accessible area of the Golden Horseshoe in north-central British Columbia, Canada.

    Nov 07, 2020 07:35 AM

    Doc, are you driving down to the snake pit in Bloomington for the Indiana-Michigan game?
    Is this the year that the Hoosiers finally beat Wolverines? Go I.U. !!!

      Nov 07, 2020 07:03 AM

      I believe they do beat Michigan. Jim Harbaugh is toast after this year. The drums are starting to beat.

    Nov 07, 2020 07:07 AM

    Gold’s $1,980 has been identified as key resistance by TD Securities commodity strategist Daniel Ghali, who sees gold as overbought for the moment.

    “The reason behind that is because gold prices outperformed real rates,” he told Kitco News on Friday. “The most likely outcome is Biden presidency with Republican Senate, which means less fiscal stimulus and gridlock in the near term.”

    Sounds like TD agrees with Doc.

      Nov 07, 2020 07:57 AM

      The retard, does not know what he is talking about……
      If, they get ANY Stimulus package at all… is a solid long term hold……
      Just what are they going to do with the stimulus money..????????
      Just exactly what they did with the last stimulus money……going to the big boys….first, and the sheeple are left with the DEBT……

        Nov 07, 2020 07:58 AM

        Bet against the DEBT……it is not going down one dime……

    Nov 07, 2020 07:39 PM

    Gold and the whole sector looks good but I wouldn’t be surprised if we see a sharp (but healthy) pullback on Tuesday.
    Gold weekly:

    Nov 07, 2020 07:46 PM

    The next hard down day (2%+?) in the miners is a strong buy in my book. The same goes for silver which was stopped at resistance on Friday…

      Nov 08, 2020 08:09 AM

      A pleasure to read all your posts this morning. Thank you much for posting and commenting as you have. Great addition to the comments that Cory’s guests brought to the page.

    Nov 08, 2020 08:48 AM

    Newcore: I caution investors to be careful with these thinly traded gold miners operating in tier3 jurisdictions, especially at this stage of the cycle. If you want to invest in gold miners, I suggest looking at some Australian producers… tier1 jurisdiction, making money already. RMS. AX or SLR. AX are just two examples

    Nov 08, 2020 08:36 PM

    The copper miners are in sync with the gold and silver miners and COPX finished last week almost 9% higher at its highest level since mid 2018…

    Nov 08, 2020 08:55 PM

    I believe Silver will soon hit $30 US before it takes a breather. The US has a distaste for socialism and they realize that the economic system can’t carry on as it is unbridled. The Federal Reserve doesn’t understand the country’s business but gold and silver do and the populace will soon understand that the most vital situation for America is having honest money backed by precious metals. DT

    Nov 08, 2020 08:41 PM

    We have a bullish turn in our Gold Trend Indicator.
    Buy DGP Monday at the open at the market price.
    DGP is the DB Gold Double Long ETN, which is levered 2x gold.
    DGP closed Thursday at $47.68
    My CBX took off like a rocket Thur Fri.
    Have fun.

      Nov 09, 2020 09:24 AM

      Gold down $61…….before market open………humm

      Nov 09, 2020 09:35 AM

      Humm indeed Jerry. Typical trading action trying to get ahead of the presidential result digestion. First push it higher then pull the rug out post haste! Same thing happened in 2016 when Trump won. A predictable short tern tank for gold. Just hope it does not inflict damage in the interim.

        Nov 09, 2020 09:53 AM

        Short term could be damaging, but, long term , we are still ok,…….jmo of course…..
        Matthew put out some good thoughts in the other section…

          Nov 09, 2020 09:54 AM

          wait, I lost track of where I am…..should be, see above for good comments from Matthew… ๐Ÿ™‚

            Nov 09, 2020 09:57 AM

            I am still dazed, at the election results, and the lack of any form of govt..for we the people of the usa, ….real shame going forward……Rome at it’s best…. ๐Ÿ™‚

          Nov 09, 2020 09:22 AM

          Jerry, above I mentioned that we would have a sharp decline but I thought/guessed it would be tomorrow/Tuesday. All good, I bought the heck out of this decline with a focus on GDX and SILJ (split 45/55).
          My XOP jumped 16% today and several others also jumped as much as 10%+ so I’ve been busy this morning on the buy AND the sell!

            Nov 09, 2020 09:26 AM

            Very nice moves in Oil and E&P. I sold half of my XOM.
            Do you think silver miners are buy today?

    Nov 09, 2020 09:46 AM

    Yes. I put 6-figures into SILJ this morning but still wonder if it will fill its 11/5 gap as GDX already has.

      Nov 09, 2020 09:47 AM

      That’s for CaliJoe

        Nov 09, 2020 09:51 AM

        Very nice Matthew. Thanks. I’m thinking of buying a large position in PAAS. My gains from Exxon makes want to be a riverboat gambler. Lol

          Nov 09, 2020 09:19 AM

          I know what you mean. I had XOP for 2 days and suddenly it’s up 15-16%!
          Just bought more SILJ and GDX.

      Nov 09, 2020 09:51 AM

      Matthew. I admire your optimism and your skills. I hope it pays off.

        Nov 09, 2020 09:26 AM

        Thanks, Norrareal1968 . It’s a wild sector, that’s for sure!

      Nov 09, 2020 09:56 AM

      Gold update!

      Hey guys sorry for the delay I just figured same old stuff and wanted time to pass before posting. Here we are once again! Looks to me like my $1780 โ€œMayโ€ become a good possibility with tomorrowโ€™s push down. This is the opportunity I have been waiting for and called repeatedly for sometime. So to the ones who follow me or some of my work, tranche 4 is getting ready to be deployed. Impact was hit hard this morning I expect more follow through. How low? Not sure but more shares for sure.

      Big moves and percentages down today. As always stay humble and nibble and never jump the gun to fast. Patience is key.


        Nov 09, 2020 09:15 PM

        I’m reading your post Glenfidish… always do.
        Thanks, though I’d like to learn what you’ve bought once you do it.

    Nov 09, 2020 09:35 AM

    Kodiak Copper drills 192 m of 1.21% CuEq at MPD
    2020-11-09 07:47 ET – News Release

    Ms. Claudia Tornquist reports
    KODIAK DRILLS 192 M OF 0.74% COPPER AND 0.48 G/T GOLD (1.21% CUEQ*), WITHIN 515.8 M OF 0.41% COPPER AND 0.22 G/T GOLD (0.63% CUEQ*)
    Kodiak Copper Corp. has released further drill results from the Gate zone from its continuing fully financed exploration program at the 100-per-cent-owned MPD copper-gold porphyry project. MPD is located near producing mines in the prolific Quesnel trough in Southern British Columbia, with excellent infrastructure and year-round accessibility from paved highways 5A and 97C.

    Nov 09, 2020 09:36 AM

    Vizsla drills one m of 2,401 g/t AgEq at Panuco
    2020-11-09 07:32 ET – News Release

    Mr. Michael Konnert reports
    Vizsla Resources Corp. has provided results from six new holes at the Papayo prospect and six new holes at the San Carlos prospect at the Panuco silver-gold project in Mexico.

    Nov 09, 2020 09:42 AM

    Origen samples up to 175.7 g/t Au at Wishbon
    2020-11-09 11:06 ET – News Release

    Mr. Blake Morgan reports
    Origen Resources Inc. has received the final assay results from its phase 1 exploration program at the Rat and Windy prospects on the company’s Wishbone property, B.C. These final eleven assays demonstrate that six of the 11 samples have a significant component of coarse gold contributing 13 per cent to 70 per cent of the total gold.

    Nov 10, 2020 10:29 PM

    Thanks Cory i really appreciate you, you make KEreport one of the very few places I can get good info. I like new format. I also enjoy the blog of many of the regulars that i also like.