Doc – An Impromptu Conversation With Doc On The Price Pop In Gold and Silver
Richard Postma, AKA Doc, joins us for a mid-month conversation focused on the pop in gold, silver and underlying stocks. After a $150 move in gold and over $2.50 move in silver just this month has us asking Doc if this bear market is truly over. We focus on the monthly charts. Doc points out the low volume on GDX and the formation of this price pop. Doc is looking to January for a better outlook into next year.
We will be hosting a webinar with Awale Resources (TSX.V:ARIC) on Wednesday November 16th at 12-noon PT. Glen Parsons, President and CEO of Awale Resources will join me to provide an overview of the Company’s renewed exploration strategy which includes the highly prospective acquisition in Suriname and an update on activities at the Odienne Project JV (Newmont is earning into this JV). Glen will also be answering any questions you have. Please email me directly with your questions (Fleck@kereport.com). You will also have the opportunity to ask questions during the live webinar.
Click here to register for free!
Hi Terry, IAU just came out with a news release, Bonanza grade mineralization at Ruby Hill! Cheers DT
https://money.tmx.com/en/quote/IAU/news/5552922412527505/i80_Gold_Hilltop_Discovery_Yields_BonanzaGrade_CRD_Mineralization_at_Ruby_Hill
Good stuff. IAU should have a better day tomorrow. Only + 4% today.
(IAUX) I-80 gold was only up 3.99% in the regular trading session, but keep in mind it also surged 19.64% in afterhours trading, so it was up 23.63% on the day overall. That is quite impressive, but so was the news….
“Results Include 60.2 g/t Gold, 908.7 g/t Silver, 15.7 % Lead and 1.1 % Zinc over 10.0 m
Also 1.9 g/t Gold, 631.3 g/t Silver, 33.0 % Lead & 7.4 % Zinc over 18.3 m”
We actually just had Ewan Downie, the CEO of I-80 Gold on the KE Report last week.
For those that missed that interview… here it is:
Allan Barry indicated that the release was after the normal close, but 2 mil shorts came in at some point. That will be interesting how that goes in the morning.
Yes, because the news was released near the market close after the trading halt, that is why there was such movement in the afterhours trading. Very impressive action today in I-80.
In the interview we had with Ewan, he was very excited to start seeing more assay results come in from that Hilltop Zone at Ruby Hill (the CRD target he mentioned) and now we can see why. Boom!
bravo bravo…you need to be a tricky talker when selling anti-health pills as a fake phony vocation…..remember when I said?!..lmao
I am looking forward to seeing what Santacruz Silver’s financial results will look like for the third quarter which will probably be released by the latter half of this month, this company is showing a strong production increase for the third quarter over the second quarter and their second quarter production numbers were way up. Today, Lead was up 3.14%, Zinc 3.09%, and silver 1.57%. Cheers! DT
I think the SCZ Q3 results should be good DT, but still run the risk of underwhelming because of all the market expectations. Personally I’m more interested to see how Q4 of this year and Q1 of 2023 go, when they really are running on all cylinders, and so we get more a average of how all the new mines and mills in Bolivia are doing in concert with the Zimapan mine in Mexico for aggregate company performance. After Q1 of next year the operations teams and management teams overseeing them will have acclimated more to the expanded company asset and operations base.
Hi Ex, thanks for your feedback as always, much appreciated. DT
Doc,Do you publish a newsletter I can subscibe to?
Trading halt on GASX followed by announcement of placement of shares for $.73/share with a warrant at about 20% discount to market..nice. The CEO said those people had been working very hard.
Also a trading halt on IAU. What’s going on there?