Portfolio management for the gold stock investor

August 10, 2021

Dave Erlfe, Founder of The Junior Miner Junky joins us to discuss the drop in gold, just how much lower gold could go, and how he is managing his portfolio. We focus a lot on portfolio management because this as the market is fading we are hearing a lot of commentators saying “buy now, stocks are cheap” but is that really the best strategy?

Click here to visit the Junior Miner Junky website and follow along with the companies Dave likes.

      Aug 10, 2021 10:47 PM

      Haha! Good one IrishT. Yes, BTFD.

        Aug 10, 2021 10:44 PM

        EX… Thats what i do , but only PHY.

          Aug 10, 2021 10:59 PM

          That’s a solid plan buying the physical Silver IrishT. Keep stackin’!

          I’m mostly exposed to insitu silver, held in the vault of the Earth, through the 2 dozen Silver mining companies in my trading account. While that is less of an insurance plan and more of speculative play with counterparty risks, it’s a big area of focus.

          My interest in the Silver miners started initially from a few years of buying and selling the physical coins, but the bullion achieves a different place in one’s asset diversification and is more of a store of value.

      Aug 10, 2021 10:48 PM

      Good point. There is nothing “temporary” or “transitory” about any of these government policies, and they simply become the new normal.

        Aug 10, 2021 10:42 PM

        Hi Shad….. You know me , i just try to point people , in the right direction.

          Aug 10, 2021 10:44 PM

          Yes indeed. Thanks for your contributions sir.

    Aug 10, 2021 10:32 PM

    Off topic, but important none the less, particularly if you’re 20-40 years of age. We old timers already know our risks. Do yourself a favor and listen to Neil Howe who really doesn’t have a dog in this fight. Not political.!/a85)rQ/event-long-covid-casts-a-long-shadow?utm_content=demo-unplugged-3-for-1-oim

      Aug 10, 2021 10:27 PM

      Neil Howe is the coauthor of the 1997 book, The Fourth Turning!/a85)rQ/event-long-covid-casts-a-long-shadow?utm_content=demo-unplugged-3-for-1-oim

        Aug 10, 2021 10:29 PM
          Aug 10, 2021 10:19 PM

          Thanks Mathew, Looks like a good read. Just ordered it.

            Aug 11, 2021 11:14 AM

            John, I think it’s worthwhile.

          Aug 11, 2021 11:30 AM

          Thanks Matthew for adding the info on Neil Howe. I guess I assumed most on these pages would probably know of his co-authorship of the Fourth Turning. An exceptional book imo.

            Aug 11, 2021 11:13 AM

            SD, that’s an understandable assumption in my opinion. I’m sure most here have known of the book for many years.

    Aug 10, 2021 10:41 PM

    (SGI) (SUPGF) Superior Gold Inc. 2021 Q2 – Results – Earnings Call Corporate Presentation

    Aug. 10, 2021

      Aug 10, 2021 10:48 PM

      Superior Gold is one of the “Turnaround” stories I’m playing at the moment, along McEwen Mining, and I’m back in Americas Gold and Silver again.

      With Superior Gold, they’ve had some issues to overcome the last 2 years, have had higher costs than many producers, some changes in personnel at the top, and some optimization in strategy that has been underway. At this point (SGI) is still not very loved by the market, but they are still viewed in the lens of the past or present, and not for where things are headed as they continue to explore, expand, increase production output, and keep working on bringing costs down.

      With the metals prices decreasing, they are getting hit exceptionally hard to the downside, because their margins are contracting more on a percentage basis than other lower cost operators, but people should consider that the opposite will also be true. When the metals prices do climb higher again (and they will eventually), then the margins of SGI will be greatly impacted to the upside on a percentage basis compared to peers, and so they’ll be highly torqued and leveraged to rising prices, in addition to their operational turnaround and exploration success.

        Aug 10, 2021 10:59 PM

        (SGI) (SUPGF) Superior Gold – Second Quarter Highlights

        – Increased production by 28% over prior year period and 10% over the first quarter of 2021 to 19,356 ounces, with sales of 19,099 ounces
        – Maintained strong mined stope grade of 3.3 g/t gold in the second quarter
        – Commenced open pit mining at Plutonic East on schedule increasing surface feed grade
        – Metallurgical recovery increased to 88% from 86% in the first quarter of 2021 as a result of higher head grades due to the contribution of Plutonic East open pit ore
        – Realized a record average gold price of $1,801/ounce above All-In Sustaining Cost1 (“AISC”) of $1,519/ounce
        – Net income for the period of $0.01 per share and adjusted net income of $0.01 per share
        – Generated cash flow from operations of $4.9 million after working capital changes prior to the repayment of the gold loan
        – Early full repayment of the Auramet gold loan and exited the second quarter with zero term debt
        – Strong financial position of $17.4 million in cash and cash equivalents
        – Announced additional positive exploration results which included 14.8 g/t gold over 13.4 metres at the Baltic Gap Mining Front

    Aug 11, 2021 11:02 AM

    (MKO) (MAKOF) Mako Mining Provides Operating Results for July

    August 9, 2021

    Akiba Leisman, Chief Executive Officer of Mako states that, “this operating update continues to highlight the extraordinary grades being mined and processed at San Albino, especially considering that mining of the Porcelana Zone, a zone with the highest grade-thickness profile encountered at San Albino, is just now commencing. Furthermore, even though the mine just entered commercial production in July, the cash flow being generated at San Albino is providing the flexibility to begin repaying debt, continue funding an aggressive exploration program and start planning for the return of capital to shareholders.”

    Aug 11, 2021 11:25 AM

    (SILV) (SIL) SilverCrest Provides Las Chispas Construction Update

    10 Aug 2021

    – Construction Tracking on Schedule
    – Capital Spend In-line with Budget
    – Underground Development Well Advanced
    – Optimization Work Ongoing
    – Funding Position Remains Strong, Near-Term Cash Flow

    Pierre Beaudoin, COO, remarked “We are extremely proud of our team and contractors who have worked together to safely set the construction on a positive path with numerous critical construction milestones completed in H1, 2021. We are very pleased with the progress to date which includes on time and on budget construction since the formal start on February 1, 2021. We expect to reach approximately 80% completion of construction by the end of 2021, with plant ore commissioning expected as planned in late Q2, 2022”.

    Aug 11, 2021 11:06 AM

    Red Alert: Covid internment camps announced in America

    On Friday, Tennessee Gov. Bill Lee signed Executive Order 83, which authorizes National Guard and State Guard troops to break into peoples’ homes, kidnap them at gunpoint, and take them to covid internment camps, all without any due process or respect for civil rights. Individuals can be targeted for this medical kidnapping by armed troops via “telephone assessments,” and the medical kidnapping of American citizens is being labeled “involuntary commitment” to “temporary quarantine and isolation facilities.”

    The Tennessee EO is on top of the CDC’s announcement that covid camps will be set up on a nationwide basis, with people being medically kidnapped and taken to “humanitarian settings” where they will be forced into labor pools, just like a scene ripped right out of Nazi Germany.

      Aug 11, 2021 11:03 PM

      Here is the Executive Order 83 being referenced in it’s totality.

      I don’t see those “authorizations to kidnap people at gunpoint and take them to covid interment camps” on here, based on telephone assessments. Most of the bill is focused around increasing the amount of healthcare workers that can be present expanding on who will be able to work.

      It appears the telephone assessments in question are found in section #14.


      “The provisions of Tennessee Code Annotated, Section 33-4-108, are hereby suspended to the extent necessary to allow the issuance of a certificate of need under Tennessee Code Annotated, Section 33-6-404, for the emergency involuntary commitment of a person with a mental illness or serious emotional disturbance based upon a telephone assessment of such person by a mandatory pre-screening agentdesignated pursuant to Tennessee Code Annotated, Sections 33-6-104 and 33-6-427, if the following conditions are met:”

      “a. The mandatory pre-screening agent is not reasonably able to conduct an
      evaluation in-person or via readily available telehealth services; and”

      “b. The mandatory pre-screening agent determines in the agent’s professional
      judgment that conducting the assessment via telephone with the person is
      clinically appropriate. ”

        Aug 11, 2021 11:22 PM

        CFS……. uncovered the issue over in the Orphan Section……..
        My post was merely a HEADS UP for what is potentially coming, and which already exist in the minds of NWO…. 🙂

          Aug 11, 2021 11:43 PM

          Ah. Thanks for the heads up OOTB, and for keeping people informed over in the Orphan Section.

          Yes, CFS is in Nashville, TN, and I just left there last year, but have family & friends there, so it concerned me at first glance. Yes, I’m sure there is a point down the road where they may all consider anyone that doesn’t agree with the official narrative “mentally ill” and then they’ll be able to assess that noncompliant people will have to be made compliant, possibly by force. That would be a grim future indeed, but not a surprising one based on the way things have been unfolding.

            Aug 11, 2021 11:48 PM

            It brings to mind that crazy scene from the anti-utopina move Brazil.

            Brazil Movie Clip – “A Receipt for Your Husband” (1985)


            Aug 11, 2021 11:07 PM

            Now that is very ……humm….. interesting…. 🙂

    Aug 11, 2021 11:33 AM

    To make the stats look good, the people will not report they are sick, die at home and be buried in the back yard. Governor’s with bad stats will look so much better.

    Aug 11, 2021 11:52 AM

    Gold pop up pre market…and that would be why?

      Aug 11, 2021 11:17 AM

      The Dollar Index broke its July high by .0002 and then pulled back.
      This matched Gold’s move (see above).

      Aug 11, 2021 11:35 AM

      Big dump on palladium at open. 3 candles worth…must be one of those sellers than wants worst possible price. A lot of them in the fraudulent paper markets.

        Aug 11, 2021 11:41 AM

        Some miners up… some miners down ….open for 40 + miners -$429. What’s new.

    Aug 11, 2021 11:01 AM

    NKOSF- 1st time buyer @ $.90

    Aug 11, 2021 11:17 AM

    Did SSRM put a low? RSI is confirming it probably did. Price is making higher lows

      Aug 11, 2021 11:41 AM

      Yesterday it matched GLD, HUI, GOLD and NEM
      in downside saturation:
      Possible swing low IF the Dollar does not reverse (see above).

        Aug 11, 2021 11:49 AM

        Wonder why my Barrick shorts are not doing well Ha

        Aug 11, 2021 11:55 AM

        Current Dollar Index :

        Aug 11, 2021 11:50 PM

        Interesting saturation levels from the 10th. Thanks BDC.

    Aug 11, 2021 11:44 AM

    Hopefully, Doc bought Jaguar today, because I did.

      Aug 11, 2021 11:07 AM

      The candy store door was ajar, not open, so probably not.

      Aug 11, 2021 11:53 PM

      Nice BDC. I picked up some more Jaguar today but it is starting to become weighted about as heavy as I want it in my portfolio. Having said that I’m prepared to add on more tranche at lower levels if the PMs stay in the hurt locker for longer.

        Aug 12, 2021 12:21 AM

        As mentioned on another thread, I sold this morning (cannot afford inventory) and it appears there will be some more downside for the miners; but a high note is that the price of Gold is holding up very well considering Dollar strength. Latest: (now 92.9898).

    Aug 11, 2021 11:11 AM

    Those who only follow price sold a lot of shares in recent days when they should have held or bought.

    Aug 11, 2021 11:47 AM

    It was weeks ago that I said this chart held very bullish implications for the whole sector and it still does. It’s only Wednesday but that’s a very nice weekly bull hammer:

      Aug 11, 2021 11:54 PM

      Thanks Matthew. Yes, nice to see that weekly Golden Cross.

    Aug 11, 2021 11:51 AM

    Last Friday, before our resident chicken littles hatched:
    On August 6, 2021 at 8:45 am,
    Matthew says:
    It is also bullish that SILJ is up vs silver on a bad day for silver:

    Aug 11, 2021 11:53 AM

    Looks like an imminent breakout for SILJ vs GDX…
    On August 6, 2021 at 8:43 am,
    Matthew says:
    SILJ is still clearly bullish relative to GDX and that’s a good sign for the whole sector.

    Aug 11, 2021 11:57 AM

    On Sunday, well before the Sunday night plunge:
    On August 8, 2021 at 12:49 pm,
    Matthew says:
    SILJ vs SLV managed to take back the important weekly “P” pivot after three weekly closes below it…

    Aug 11, 2021 11:51 AM

    Here’s the real Trump:
    Trump tells his followers to get vaccinated, criticizes J&J pause

    Aug 11, 2021 11:10 PM

    Creating a new party will solve nothing as long as the masses are amoral, unprincipled and criminally ignorant. The masses make tyranny possible more than any of the elite do. Idiots.

      Aug 11, 2021 11:25 PM

      Then we are doomed……… 🙂

    Aug 11, 2021 11:19 PM

    Matt. Maybe consider moving to a place with no masses. LOL
    As for Trump, he’s not a democrap, repugnican, or anything else. Just an idiot with a bunch of amoral masses, following him for entertainment.

      Aug 11, 2021 11:08 PM

      If it were possible, I would steer completely clear of the scary stupid masses. LOL 🙄

    Aug 11, 2021 11:27 PM

    doing some renovation. Prices for lumber at a nine month low today. At Home Depot, lumber, including the plywood I bought, is at an all time high. Can’t be blamed on lack of supply, mills are drowning in inventory.

      Aug 11, 2021 11:51 PM

      That’s right. It’s due to an oversupply of counterfeited currency courtesy of our Marxist central bank.
      It is due to the destruction to society that currency debasement causes that the Act of April 30, 1790 authorized the death penalty for counterfeiting. The concern was counterfeiting on a scale only powerful people could pull off. The Act was not motivated by small time criminals who make their neighbors jealous.

    Aug 11, 2021 11:03 PM

    The MSM, social media, big tech and the rest of the Left are following Joseph Goebbels’ prescription perfectly:

    “Propaganda must facilitate the displacement of aggression by specifying the targets for hatred.”