A discussion on possible M&A for resource juniors
Steve Todoruk, Investment Executive at Sprott Global Resources joins us for a discussion on potential future M&A in the resource sector. With a focus on investing in exploration stocks that have just made a discovery Steve outlines what he prefers to see in terms of progress toward an M&A transaction.
If you would like to ask Steve about any stocks you hold in your portfolio you can email him directly at STodoruk@sprottglobal.com. You can also email me at Fleck@kereport.com and I will forward your email to Steve.
OCBC sees gold price falling to $1,500 by end of 2022
https://www.kitco.com/news/2021-06-15/OCBC-sees-gold-price-falling-to-1-500-by-end-of-2022.html
LOL. It will hit 3,000 first.
Gold prices to average $1,820 in 2021 – Metals Focus
https://www.kitco.com/news/2021-06-16/Gold-prices-to-average-1-820-in-2021-Metals-Focus.html
Maybe whats holding gold down is there is more supply than demand.
Something a few people have noticed Im sure, PM bugs love to promote shortages in supply.
Ivew only been watching the industry since 2008 but I have never seen a shortage, I did see a supply constraint but never a shortage.
And we dont have one now, as a matter of interest Russia just said they intend to reduce purchases, maybe 1800 for awhile is correct then maybe 1500.
I have to say tho, I like Egons thinking.
Doesn’t make any sense…….. if Basil III….. has anything to do with gold….and the banks.
There is only so much gold,….what three or four Olympic size pool worth?
For years there has been screams of shortages, never has there been a shortage, all demand has been met.
Not for me anyway and today I get emails every morning about PMs on sale.
Wouldnt be a sale if they couldnt keep it in stock.
I have no idea how much gold is above ground, all I know is demand is met.
I.ve read the numbers and seen the calculations, but I dont know if they can be believed.
Never been a shortage of PAPER……….. never been a TRUE market since 1933…….
I have been able to obtain all phyzz I,ve wanted forever.
If a person wanted tons they would have to use an armored car but that has been available too.
And yes, you have been able to buy as much as you want, one piece at a time…
Ever try going for a TON……?
There are reports out, that the phyz is not out there in quantity!
Nobody knows about bullion.., the regular joe blow on the street, still would prefer a candy bar in lieu of silver.
The johnny six packer, has less than $400 (might be $1200).. in savings, and that sure will buy a 1 oz.gold coin.
You are not the typical guy buying gold or silver…. so, arguing over all the gold and silver you can buy in the past might have been true no doubt.
Silver has a heavy premium on it now, and that has not been seen for years.
And Basil III is a reality………June 28, and will go on through January.
So, we will see.
Tons are available Jerry.
We here of countries buying them regularly. 😉
How does anyone know…….if , there is or there isn’t………
Does any one really know who is buying….the reports could be FAKE, just like the FAKE FED……… Smoke and mirrors…. 🙂
I like Jim Willie’s comments concerning: Russia has 150K tons while China has in excess of 50K tons. ( Howestreet.com, June 11) . The most fascinating hour in broadcast journalism
The premeditated smash on Gold happened as soon 2:00 EST occurred. Should have waited for the details. Nah…who needs them.
No details required……… same old BS……… as long as there is paper gold , anything goes…. lol
At least we have almost 2 hours for a rational response to take hold. Like when does that happen…same old garbage. The Fake economy rules.
David……. One big Fake eco system…. lol…..
I think Fauci should run for Fed Chair next….. lol
I am going to think like Ex for a few minutes, and see if there is something to buy…
Picked up a few more Bitterroot and Big Ridge. Then Powell started talking. Should have waited…would of got a better deal.
I bought partial positions Jerry, into the close, NGFGG @ $8.40 & $8.28. Would love to buy more @ $8
Round 2 smash and Powell is saying nothing good.
Powell…….. never says anything good………..
Oh yeah…that.
What are your thoughts on Eurasia and the widely discussed full sale or sale of assets
a realistic question is now in need of factoring in…could a significant enough deflation of humans populations lead to economic deflation?https://www.thelibertybeacon.com/we-are-seeing-a-massive-surge-in-covid-vaccine-deaths/🤡💩☎️🔊
The Liberty Beacon has been considered as a Conspiracy Theory source. Not sure “realistic” applies. Thanks.
confirmed by most leading independent scientists…CNN might be good for you David…daily /GC chart…glta
Thanks. Will follow-up on your suggestion.
oooh so quippy of you…thanks…..💩
Everyone is lying to David?…..Even liberty beacon independent journalists are lying to david?…..https://www.naturalnews.com/2021-06-16-top-5-toxins-americans-ingesting-leading-to-early-deaths.html🆘💩🆘
Michael Boutros (Gold @ 34:00) : https://www.youtube.com/watch?v=vNG6bW1mykg
Gold another spike down…..going to test that number… $1843….you guys are talking about…. 🙂
The downside for GDX from here (37.00) is probably 50 cents to 1 dollar and possibly much less so buying in tranches makes sense for non traders.
Jerry
$1843=$1823 I spoke about yesterday and Matthew followed up as well as Larry today.. here is for hoping she does hold. By the aggressive nature the bottom can very well come In today the miners are holding this far
😁
Glen, ….. Hope you are right…….. but, cross your fingers……
Basil III, and the bankers like the stuff, especially Russia and China…lol
Of course that Idiot in France, wants to give the gold to Africa… lol
Does anyone else feel today could be a bottom In gold?
Gary Savage thinks gold could bottom in a couple of days and that silver could go to 40 or 50 this summer. Hang in there.
Gary …… is going to be correct on silver one of these days…. lol…..
Something going on with silver, … and has been for years…
going to $50, only , brings it back to where is should be….
Long term…. I like silver….. 35 to 1….some day… lol 🙂
Miners showing strength on this aggressive drop by fraudsters
$10 bones from target lol
is that cakebones…. a new brand of Red.. lol
🤣 Jerry you always find a way to crack me
Great memory yes the famous cakebread sister brother of cakebones lol
🙂
SILJ is a buy right now.
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=0&dy=0&id=p42469477627&a=849520383
It just hit (to the penny) and bounced off of the important “P” pivot…
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=0&mn=11&dy=0&id=p17582826455&a=960886383
Sick wicked and nasty 💪
Keep it coming matt
Gold $1834…… somebody tell the meter checker at the control lever, … he over stepped his limit down…. and got the numbers reversed…. … lol… what a world… 🙂
Well, isn’t that just dandy….. $1829
weekly /GC…watch the high vol. bar of 5/17…..close below 1841.1 is distribution for a while
gdx finding support exactly at bottom of bullish TAS profile @ 36.78…but if gives way then 200ema @ 35.88 next target, which is the TOP of the weekly TAS profile…So, todays candle is very bearish and probably hit the weekly TAS top and bounce….day chart
https://tos.mx/E5M7G0j
thank you, Matthew, for your charts.
You’re welcome Alex. A decent drop in the miners tomorrow would make me more bullish, especially if it begins with a big gap down.
With gold down significantly this evening, our odds look good.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=0&dy=0&id=p89757673484&a=974275774
There will be continued weakness for the PMs in the month of June.
Between Putin and The Fed Report, I feel like they are suppressing miner movement. We will see but there is nothing out there in “reality” that should be holding us down. Just my thoughts.