Weekend Show – A Focus On Gold, Silver, and The Stocks; Doc Is Buying The Dips
Welcome to another KE Report Weekend Show! On this Weekend’s Show we focus on the continued rise in gold, silver and the underlying stocks. With gold approaching all-time highs and select stocks moving higher over the past 5 months we thought it was appropriate to focus this show on the PMs and how to best invest in this run higher.
- Segment 1 and 2 – Doc kicks off the show by sharing his outlook and investing strategy in gold, silver and gold stocks. This is the most bullish I have heard Doc ever on the metals. He does note that it will not be a straight up move but all dips he is buying.
- Segment 3 – Brien Lundin, Editor of The Gold Newsletter joins us to discuss which stocks are moving. Since this has been a very selective move for gold stocks where the mid-tiers and select juniors are outperforming.
- Segment 4 – TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website wraps up the show with a shift in focus to the US markets. Markets are showing a lack of direction but are generally hanging up better than many were thinking. TG shares a couple key chart aspects to watch for any sotck you are following.
Agnico on verge of a breakout from 4 year long consolidation.
https://stockcharts.com/h-sc/ui?s=AEM&p=W&yr=3&mn=9&dy=6&id=p95052838120&a=1357103795&r=1676743711672&cmd=print
I’m seeing some signs of a near term top. For example premiums on silver coins and junk silver are exploding higher. Also noticed minimum order sizes on the large bullion dealers. Might be an interesting KE Report to hear what the bullion sellers are seeing. Maybe the stocks need to keep playing catch up while PMs consolidate their gains and catch a breather?
Hi Ryan, I would rather see Cory and Shad interview pawnbrokers to find out if they are seeing more people seeking loans on their jewelry. DT
OH, what a wicked thought, what do you have to say about that, Grumble! LOL! DT
Good thoughts Ryan and DT on a future episode focused on the Silver and Gold investment physical supply side of the equation from a mint or larger dealer.
We have had Jeff Christian on regularly to discuss the overall supply side of the market, but he’s usually adamant that there is plenty of silver and gold supply above ground. I don’t disagree with that assessment, but it’s much different for investment grade silver and gold, due to back ups at the mint due to low personnel the last 2-3 years, a shortage of blank rounds, and there are huge premiums from mints, dealers, online on Ebay, or possibly yes even at pawn shops.
Thanks for the suggestions guys and I’ll ask Cory what he thinks of that idea as a potential show segment.
I’m one of those people that tends to find leverage elsewhere in the gold space than in the pre-development explorers. If I think gold is having a run, I’m far more likely to put on a multi-leg options trade on GLD/GDX/a major, or take a short ride in the leveraged ETFs rather than try to pick a winner on the venture exchange. I’ve spent my share of time trying to figure out how to do explorer stock picking since the turn of the millennium and still have no real edge in that area.
When gold truly confirms a breakout to all time highs, I plan on subscribing to some research in the space and taking some positions. Till then, I’m sticking with profitable small producers on big exchange and then options/ETFs.
TG Watkin’s breadth focus on the recently declined pandemic era darlings that have been basing was interesting. It’s definitely a section of the market that is not captured by any regularly published breadth measurement and might be something worth paying attention to in terms of assessing general market attitudes about risk/duration/expectations for financial conditions.
DL – Good thoughts on picking alternate ways to play the PM stocks, other than just the riskier pre-development drill-play explorers. The long ETFs and inverse ETFs, but regular and leverages are other ways to play it directly, or through options as well.
Personally, I’m mostly bulked up on producers, royalty companies, and developers, but have a handful of gold and silver explorers in the mix as well for the large potentials when they do really start to run in a full on bull market.
As the bull market breaks out, I’ll likely pull some of the profits out of the larger names and rotate that further down the food chain, but being mostly in the larger cap names has served me well at most of the recent turn ups in the fall of 2018, the spring of 2019, the pandemic crash lows, for the #SilverSqueeze in late Jan through early Feb 2021, and even on the rally coming out of September of last year. There are less risks overall in being in companies with defined ounces in the ground or margins that will immediately improve when metals prices run higher. With drill plays, they are less dependent on metals prices, and more dependent on newsflow, and don’t have proven ounces or pounds in the ground yet in a resource or economic study.
Eventually when a strong wind blows through the PM sector, then even the turkeys will fly, but until then…. I’ve done quite well just swing-trading the short-term, and position-trading the medium term in household names that I know will respond to the price moves in the metals.
I find most of the people crabbing that their precious junior stock(s) aren’t moving have little to no exposure to the producers, royalty companies, or most widely-followed developers, and were doing the same thing at every single one of the prior turns up and rallies in the sector. Rinse and repeat…
BTW – DL, I posted some additional responses back to you on the Calibre blog about it’s technical support levels you laid out, and about what I saw in the initial fundamental setup of the oversold valuation in Gatos Silver, which was reminiscent of Orezone when they miscalculated their resources. All of the above resolved to the upside in due time as the inefficient market came to it’s senses.
Some really good thoughts from you over there technically, and just wanted to let you know that those post were appreciated.
What you posted over there was very illuminating. That’s exactly the sort of fundamental information that I don’t really have much skill in tracking or evaluating. The 90% drop on only a 40% restatement of reserves sounds like a classic market overreaction.
GATO could easily continue from here. It just broke out of a ~15 month base and there’s little in the way of previous trades between here and from where it gapped down. I expect we’ll find major supply of shares will appear as we get back to all the trades back over $10, but that’s still ~50% higher in price. I won’t want it if it goes back into the base below 5.20. Maybe this last week’s low is a good stop point as I want it to form a continuation pattern and break further up. Keeps closing above 5.80 and I think I’ll find an entry looking to go to the gap point.
Who knows, maybe it’ll get bought back up into it’s previous trading range and 9.26-10.23 will become an area of support rather than resistance.
Thanks DL. Yes, once in while there are those glaring valuation to price mismatches with more established companies that just become screaming buys just based on the fundamentals, like Orezone was initially off their resource calculation a few years back, and just like Gatos Silver was early last year, and then after it retraced back lower with the rest of the PM sector in September of last year.
What started all that ranting was that the same was true for Calibre Mining last October on the back of all the overblow fears about Nicaragua and the way the media panned how the US sanctions would affect things (despite the history of over 20 other sanctions not interrupting Canadian mining companies there). Again, the rerate back up to sane valuations was inevitable in each of these cases.
I’m sure we’ll see this same pattern play out out again, and again, and there are other stocks one could point to where they put out substantial news that somewhat disappointed the marketplace and really tanked to silly valuations…. The moves down in Wallbridge and Blackrock Silver and Newcore Gold once they put out resource updates over the last 1-2 years also come to mind…
That’s what happens with inefficient markets, and when investors over-react emotionally to news, instead of factoring in if the current valuation makes sense. This is the case to the upside valuations we sometimes see in cult stocks that have all the retail punters piling in, just like downside valuations where people overreact to a speedbump.
Now with First Majestic’s recent selloff, it was a little bit larger magnitude, on the back of shutting down the Jerritt Canyon gold mine in Nevada, because they had just paid $500 million for it 2 years back, and it never performed as advertised. Also the pullback was only about 30%, for such a huge rotten egg laid on the market, but they do still have 6 other mines, so it’s up for debate if this was too big of an overreaction from investors.
Regardless, we see market dislocations all the time, and sometimes they are too big to ignore, like the ones were in Orezone, Gatos, and Calibre.
You can tell Doc has been around for sometime! He don’t sweat it. He is bang on with the explorers, discovery and development companies, they still have room to correct.
I’m glad i mentioned about a mi the or more so ago that gold April would create a cross on the monthly candle give or take and may take it down. This was all the while when everyone was horny about gold going to the moon.
I spoke about triple top and not one person said anything except ex saying he respected the call but didn’t quite believe it. Wolf also responded and was not quite in my side. Now everyone saying down lol.
Listen I was first to go against matthews call on impact that we are stuck at the . 28 for a long haul yet not one person said thanks Glen 🤷♂️
Now everyone stating what I stated long ago. Nice! I showed you the map on my chart line ago w pattern in hui/xau not one person was thankful. We have all kinds of gurus in here professing they know shit and it’s a donkeys ass. All kinds of pundits on the show yet not one has been ahead of the charts like myself.
Either really late or early to the game. Actually my hui/xau chart which i will post was early but the overall direction was bang on.
What many figure to understand is there are several avenues to reach your destinations. For the ones who trade short or for pips that’s not my game never was. So a 70% of an all time low is nothing to me. I don’t look for those incentives I’m looking for a long term by and perhaps yes longer then days, weeks or years, absolutely not decades!
Also with short trading comes stress, no life imo, family problems and short gains overall. Everyone had a different perspective of things but like another investor said I rather turn of the television then make petty change. Depends what you are looking for. Any astute person would no that the longer monthly or quarterly buy and hold is were value is made and separates the puppies that are vocal and the ones with serious money.
Wishing you all the best. I hope some of you appreciate the content of others and don’t be scared to voice you opinion as this site is for that don’t be fooled Cory and al wouldn’t want it any less!
I understand many of you who feel threatened or discouraged about ultra bull opinion im open to everything I’m not bias. Some of you have valid points and so do others. Personally I like both side i couldn’t fantom to hear one argument all day long as that would provide a tumour in my head. I live new ideas and different opinions. Let me tell you not one person in here is ultra rich with their voice yet alone with their assets!
Glen
Lol dude.
I’ll take your word for it I agree with you. Lol…. I can’t remember what I said a week ago usually….. certainly looking good for gold. I’m hoping to get a nice move in my base metals over the next few weeks from good news and flip profits into some golds or silver plays that haven’t moved much.
I should point out those plays are Magna Emerita and Osisko Metals for those that care. 😎
Wolfster – Thanks for sharing what you have on your horizon as far as stocks, whether you are adding or trimming back.
I’m not sure all the recollections mentioned are as they actually happened, as I recall appreciating his technical thoughts, but don’t remember flat out doubting his call about a triple top in gold, or whatever it was that he was referencing, and likely offered up a much more nuanced answer than just a flat out refutation of any specific call, as to what I was anticipating.
>>> As for all opinions being welcomed, that has always been the case, and that means both bearish and bullish voices. That has ALWAYS been the case, and yet for some reason, some folks seem to think we want an echo chamber of only bullish ideas, and nothing could be further from the case! (I think those that claim that are people that don’t read carefully, that don’t listen to our interviews, or that just jump to their own assumptions based on their biases)
Look, both Cory & I regularly bring guests on the show that are bearish the PMs, bearish oil/nat gas, bearish commodities, or bearish the general markets, etc… and we both ask questions about the both the bullish and bearish thesis in many sectors and markets. There are also plenty of folks on the forum sharing both bullish and bearish points of view. How people can come away with the impression that we want only bullish views is simply poppycock and has not ever been the reality here.
Heck, I mentioned in February several times that I took out a bearish hedge in a JDST positions for goodness sakes (which ended up being the right call as Feb into even early March was quite a bearish correction in the sector. So if people think only bullish view are acceptable, then they clearly are not reading carefully or paying attention, and it seems silly to have to keep restating this point every few months…. but there it is once again.
Now keep in mind there is a huge difference in having a bearish or bullish opinion, that is well-reasoned, and provides some logical
thesis (either fundamental, technical, or quantitative), versus just straight up cheerleading or bashing the sector and people in it. Look, anyone can have an opinion on anything, but that is 100% not valuable with distinguishing why one has this perspective. It is the reasoning behind the calls that adds value to others… not just blanket bearish or bullish calls with little supporting data.
*Hopefully that clears things up (once again, for like the 20th time) from the ridiculous notion that bearish thesis’s aren’t welcome here. They totally are, just like the bullish thesis’s, and people can voice whatever opinions they want.
Now, if the comments above were in reference to the few folks in the past that got it handed right back to them as they only come on here to whine, troll the site, or attack/insult people (often making up their narratives about what others said or worse, lying about what they said and bearing false witness), then really who cares if they ever come back?
In every crowd there are bottom-dwelling hecklers, be it in comedy clubs, sporting events, or internet chat forums of all stripes. The site and forum are much better without them on here, but we’ve always left their ridiculous comments up on here regardless. The comments they got back in response to their site-trolling or trolling individuals, had absolutely nothing to do with with their thesis was bearish or bullish, and anyone paying attention would know that to be true.
Hopefully that clears up any false narratives from spreading and people are wise enough to discern the difference between people the come here to contribute to others, and people that come here just to troll, heckle, insult, and whine. Those are not a value-add to anybody.
Sorry for the spelling as I’m voice speaking on my phone! Also as I said we will get off to the races in July/august
Based on price and momentum gold and silver have no more buy signals to achieve. Some might remember that I gave the sector the “all clear” many months ago (maybe October?) and now that “all clear” has grown stronger with some recent finishing touches. The strong drawdown of February and March was never anything but a buying opportunity especially for those who missed the setups last summer/fall.
The Canadian dollar has behaved as it should under the circumstances and will soon put the finishing touches on its own new uptrend.
https://stockcharts.com/h-sc/ui?s=%24CAD&p=W&yr=5&mn=5&dy=0&id=t0780318959c&a=422808689&r=1681067735815&cmd=print
Good points Matthew and good call last year, as it was an all clear in the PMs. In conversations with Dave Erfle, Christopher Aaron, Jordan Roy-Byrne, Jesse Felder, Matt Geiger, Michael Oliver, Dana Lyons, and Nick Hodge, we made similar points last year that the bottom was likely in and that the PMs were ready to run, and would eventually have pullbacks.
There were of course others that came on that got far to bearish in February, not seeing it as simply the corrective move after a 3-4 month very bullish run in the PMs from Sept – January, and instead viewing that move as simply a dead-cat bounce and that Feb-early March were the beginning of a new lower leg down. Clearly that latter thesis is not what happened, and in March and into early April the PM sector blasted even higher, continuing the overall bullish move that started last September in Silver and the PM stocks, and since early November in Gold.
I agree that people that failed to be in position last year during the selloff to silly valuations, are going to regret having not added during the Feb-early Mar pullback in the PMs. At this point, the bottom has been in for a while, and so corrective periods and pullbacks should be seen as buying opportunities for those not fully deployed yet.
The Silver:Gold ratio is moving as it should since the sector bottomed.
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24GOLD&p=W&yr=3&mn=11&dy=0&id=p21980941797&a=1266243855
Hey Matthew…..would I be right that Brixton is setting up nicely technically at the same time that we are heading into seasonal news flow time from the best play within their portfolio
Wolfster, yes I think you’re right.
https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=3&mn=9&dy=0&id=p03034183125&a=1301452883
Might be selfish of me to be asking this but why aren’t the companies that the interviews mentioned listed below on the weekend episodes….. I listen a lot while driving so can’t write down ones that mentioned that peak my interest and as I pointed out above, my memory isn’t what it used to be.
Yeah, good eye Wolfster. I’m not sure why the company interviews from last week aren’t hyperlinked under the Weekend Show like usual, as Cory usually posts those there.
One can always scan back through the blog roll on the landing page to see all those prior interviews, but just a quick cursory glance and these are some of the resource company interviews we both posted from last week:
– NOA Lithium
– Enduro Metals
– GMG
– Kuya Silver
– Heliostar Metals
– Reyna Gold
– Calibre Mining
The miners have been just fine versus gold and will soon get better.
XAU:GLD weekly:
https://stockcharts.com/h-sc/ui?s=%24XAU%3AGLD&p=W&yr=3&mn=9&dy=0&id=p85584342556&a=1352922016
Priced in CRB the miners bottomed last summer…
https://stockcharts.com/h-sc/ui?s=%24XAU%3A%24CRB&p=M&yr=25&mn=11&dy=0&id=p23404351871&a=1243647013&r=1681073191200&cmd=print
The gold and silver miners smoked commodities in 2016, 2018-2020 and it will be the same this time.
https://stockcharts.com/h-sc/ui?s=%24XAU%3A%24CRB&p=W&yr=7&mn=6&dy=0&id=p29290699574&a=1049932839
Nearby resistance for XAU:Gold…
https://stockcharts.com/h-sc/ui?s=%24XAU%3A%24GOLD&p=D&yr=1&mn=1&dy=0&id=p12961252625&a=1371066106
Gold has some clear short term risk now but looks so good weeks to months out (and beyond) that any downside could be briefer than any of us expect.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=3&dy=0&id=p68037096142&a=1376319394
“Fear of a false factor is always bullish.”
I think folks who are expecting a correction here will be left. I’m eager to deploy my remaining capital but I don’t think there’s any more opportunity coming. PM sector gave an amazing entry about 2-3 weeks ago but there’s always “No soup for you” crowd. Why not stay for 1-2 years and forget about daily and weekly gyrations. Likes of Hecla will be trading in teens by then.
You understand the situation, nuff said!
Great points CaliJoe.
The reality is that most casual investors have missed the good accumulation points over and over again since time began, and the recent missed opportunities are just another example. Depending on the stocks there were opportunities to have accumulated them last summer in July, or last fall in late Sept – early October, or as you mentioned, for those this missed those, in late Feb – early March just a month ago.
Maybe when the PM sector is up another 1x-3x they’ll feel comfortable running with the rest of the herd that eventually catches on, after the easiest gains have already been made. 😉
That’s only how it is every single time… Rinse and repeat…
HUI:USDX is up 73% since the end of September and 33% since the end of February. The cashed-up naysayers will figure it out eventually.
https://stockcharts.com/h-sc/ui?s=%24HUI%3A%24USD&p=W&yr=6&mn=9&dy=0&id=p98600376040&a=1048774571
As CaliJoe knows, AEM looks superb:
https://stockcharts.com/h-sc/ui?s=AEM&p=W&yr=5&mn=0&dy=0&id=p88750682262&a=1034994305
Long long ago I bought Barrick@18 and Agnico@8 and never sold. AEM has done much better.
The bond market, the yen and gold have been in sync since the three bottomed last fall (with gold being the strongest by far) and that is bullish.
https://stockcharts.com/h-sc/ui?s=%24UST&p=W&yr=5&mn=0&dy=0&id=p19684283920&a=1190045257
Someone here praised Caterpillar (CAT) late last year suggesting it was the place to be.
It has cratered 36% versus GDX in the last month…..
https://stockcharts.com/h-sc/ui?s=CAT%3AGDX&p=D&yr=1&mn=8&dy=0&id=p26245102275&a=1284741388
I wonder if anyone here thinks SLV will fill its March 13th gap. Anyone?
https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=6&dy=0&id=p57194026296&a=1389906530
I wouldn’t bother filling any gaps but I am not an algo. Who knows what things market makers do to make a few bucks.
The algos you speak of couldn’t fill that gap if they tried but the usual clowns will come cartwheeling back to scream otherwise as soon as silver has a down day that scares them.
I know of those of whom you speak … I must rise above and move forward.
Lake:
When you rise above and move forward are you going to levitate? DT
Nope. Too crowded up there.
I try to follow Ex and Ever Upward. He keeps it positive and not personal.
Thanks Lakedweller2. Ever Upward! 🙂
SLV will not close that gap unless WWIII breaks out, and then it will come back. Gary Savage said yesterday that silver will go to 50 this year, and when it breaks out above 50 it could go up to 500. Why bother with miners when we can make 20 times our money on silver? And yet I bought BTG @3.51 last month, LOMLF@.63 and WAMFF@2.07 last week, and ESKYF@.57 today. Rambus thinks gold and silver are starting a long bull market.
Imagine the gains in the miners if silver goes 20x or even 5 to 10x for that matter.
Rambus is correct, no doubt about it.
Matthew, in normal times the miners should go up 2 or 3 times what the metals do. But with psychopaths running N. America and Europe we might see a shutdown of the grid, the food supply, and supply chain. We might go into a Mad Max world where the mines can’t get the people and supplies they need to operate. Then we will wish we had bought more silver and gold. My new Solo Campfire stove arrives today so I can cook without gas and electricity.
Re “with psychopaths running N. America and Europe”
Psychopaths run the world but they don’t operate in a vacuum, and never have. There are 2 destructive human pink elephants in the room and they are MARRIED — study “The 2 Married Pink Elephants In The Historical Room”… https://www.rolf-hefti.com/covid-19-coronavirus.html
“… normal and healthy discontent .. is being termed extremist.” — Martin Luther King, Jr, 1929-1968, Civil Rights Activist
The criminals in powers are in those positions and do what they do ONLY because of the mostly willful activities, or inactivities, of the majority of “good” people.
Tomorrow may be stacking up to another Monday of terror and destruction… maybe not, but going to buy if it is.
A couple of reflections on the Silver daily chart…
After Silver bottomed in September of 2022 at $17.40, it got up and put in a series of attempts at the $24.39-$24.77 resistance zone at the end of last year beginning of this year. However, it then pulled back to a higher low in March of $19.94, and then just blasted up to a higher recent high at $25.30. That is clear bullish action any way you slice it for Silver…
The 55 day EMA is still decisively above the 144 day and 233 day EMA, and sloping upwards, as the 2 longer duration EMA have also started sloping upwards. That is constructive for the medium term.
Then of note is also the green line of the ADX that has been heading up sharply, and the black line curling up with it showing the increased intensity of the bullish strength. RSI just recently got up into the overbought area above 70 as the month of April has unfolded.
Now it may be getting overdone and overbought here in the short-term, and the Slow Stochastics have been locked into overbought territory since mid-March, so a pause that refreshes is likely due… but that will just be a healthy corrective move to recharge for the eventual next leg higher in the medium-term, likely up to that $27-$28 resistance level that many technicians are watching, and then on to the hard line in the sand around $30, that is the level that really needs to get punched through to really light a fire in the sector.
Overall though, this Silver chart has been bullish since the turn in early September, and it is encouraging that so many doubted it or at least dismissed it the whole way along.
‘Stocks Haven’t Looked This Unattractive Since 2007’
Jesse Felder – The Felder Report (04/08/2023)
Central Bank Digital Currency Is The Endgame, Part 2
Iain Davis via Off-Guardian.org – April 5th, 2023
https://off-guardian.org/2023/04/05/central-bank-digital-currency-is-the-endgame-part-2/
Hi Ex, The disintegration of money supply in the U.S. has gone from The Gold dollar, to The Petrodollar, to The Credit dollar, to The Debt dollar, and now shortly we will see The Digital dollar. Only with The Digital dollar (CBDC) it can be used to monitor every financial transaction that takes place including other countries watching how much money The US will print and if they don’t back it with Gold and keep their money honest the rest of The World will refuse to accept their tech-based currency. Technology can be used to work with you or against you and if you seek total control of how others spend their money you can be placed under the same restrictions in a digital world. DT
21st Century Domesday Book.
Thanks for this article. Mentioned are “green bonds” and “carbon credits” followed later by “tokenised gold” and onward. Very recently Sergei Lavrov suggested an enabled “new world order” in a Tweet (probably elsewhere too).
“Fortunately, if we decide to resist there is no reason why we have to succumb to using CBDC. In order to construct better systems of exchange that will render CBDC superfluous, we have to come together in our communities.”
Alternative? CBDC Crypt Currency!
At FTX, Multimillion-Dollar Expenses Were Approved by Emoji
By Caitlin OstroffFollow and Vicky Ge Huang – Wall Street Journal – April 10, 2023
Report outlines control failures at the failed crypto firm:
“FTX’s failures are rooted in ‘hubris, incompetence, and greed,’ the crypto exchange’s new management team said in a report outlining scathing details about the lack of financial controls and record-keeping under founder Sam Bankman-Fried.”
“Mr. Bankman-Fried’s crypto hedge fund Alameda Research often had difficulty understanding what its positions were, let alone hedging or accounting for them, the report said.”
“We sometimes find $50m of assets lying around that we lost track of; such is life,” Mr. Bankman-Fried said in an internal communication. He described Alameda as “hilariously beyond any threshold of any auditor being able to even get partially through an audit.”
“At FTX Group, expenses and invoices were submitted on Slack and were approved by emoji. These informal, ephemeral messaging systems were used to approve transfers in the tens of millions of dollars, leaving only informal records of such transfers, or no records at all.”
“FTX and Alameda Research collapsed last year after the exchange lent billions of dollars worth of customer assets to fund risky bets by Alameda. Before its demise, FTX presented itself as more technologically sophisticated than rivals and attracted roughly $2 billion from venture capitalists.”
https://www.wsj.com/articles/at-ftx-multimillion-dollar-expenses-were-approved-by-emoji-fb91bb3a
“Mr. Bankman-Fried’s crypto hedge fund Alameda Research often had difficulty understanding what its positions were … .”
No need. Just add a zero! (Zero Hedge?)
Gold is NOT GOING TO ZERO………………. everyone here already knows that….
Ding Dongs and Digital….. DDD……
+ 3 Triple D – Thanks OOTB!
https://tinyurl.com/52euebw7
PM Pull Back Possible.
NatGas Bottomed?
Silver leading higher?
Everything may be explained by it being Monday. We will know Tues – Fri.
30% move of ELO to Canadian and 100% of Santacruz earlier today. This transfer required sale of US shares, move cash to bank, then move cash to IB, then sit, then convert to Cad, then buy. This was required due to limitations on amount of portfolio IB would accept from Schwab.
Ex, have you thought about contacting Tearlach Resources and getting their perspective with their earn-in partner BLACKROCK silver?. They are getting recognition from the Venture ex. with multiple lithium prospects in multiple jurisdictions.
Blackrock is the principal, Tearlach is the earn-in entity
Yes, I bought into TELHF ON THE 5-6 April
Yes, indeed Marty… good idea. We’ve had Andrew from Blackrock Silver on regularly, and did spend a few recent interviews where we touched on the prospectivity of the lithium claims they optioned to Tearlach Resources in their earn-in agreement. We’ve also talked to the new CEO Morgan Lekstrom before when he was over at Silver Hammer previous to this, so we’re just putting the pieces together to be able to follow up with Tearlach at one point.
Here’s that most recent one from Blackrock where we discuss their Lithium claims being explored at Tonopah North.
Bought more Impact Silver and Brixton Metals today. The whole sector looks great.
Matthew – Thanks for sharing what has your interest for further accumulation, with todays adding to IPT and BBB.
I bought ESKYF@.57 today, and LOMLF@.63 and WAMFF@2.07 and AUCUF@ .19 last week, and BTG@3.51 last month.
Ex and Matthew:
Thanks for all the sharing both of you do. That is what brings people to this site.
Much appreciated Lakedweller2.
I just saw this news about Stuart “Tookie” Angus passing. RIP Tookie.
______________________________________________________________________________
Stuart ‘Tookie’ Angus Remembered As A ‘Rainmaker,’ Mentor, And ‘Brilliant’ Lawyer
Henry Lazenby – April 7, 2023
“The Howe Street investment community is grieving the loss of industry veteran Stuart ‘Tookie’ Angus.
Angus, who leaves a deep mark after a 50-year career in the industry, peacefully passed surrounded by loved ones on Mar. 24 at the age of 74.”
“Those who knew Angus say his empathy for other people, deep understanding of finance and mining, and exceptional work ethic made him indispensable in the tightly knit Vancouver mineral exploration and mining industry.”
“Tookie put people together, he mentored and advised a whole generation of geologists and promoters on how to make good deals, and he was integrally involved in mergers valued at over $8 billion,” says industry heavyweight Ross Beaty, who first met Angus in 1978 and says he was ultimately involved in more than 5,000 transactions.
(TSX: ORE, OTCQX: ORZCF) Orezone Intersects 30.86 g/t Au Over 5.00m in Ongoing Oxide Exploration
10 Apr 2023
https://ceo.ca/@globenewswire/orezone-intersects-3086-gt-au-over-500m-in-ongoing
https://www.eia.gov/outlooks/steo/index.php
STEO just after noon today!
Picked up a few Stelmine Canada after Jeff Clark presentation on Adam Taggert’s Wealthion site.
Also picked up a few SPC Nickel after some decent drill results today. Early on that one but it is in Sudburry (sp?) area where Magna is. Magna appears capped but up today on some decent drill results also. Let’s see how everything goes the test of the day as the miners are trying to go up no matter what managed money is trying to do. (Remember to do research as I just throw names out for those who want to check into them.).
Sudbury Canada … Northern Ontario. (Bought SPC with over 100% profits from Fathom Nickel. Low cost purchase)
Interesting….. After I mentioned taking some Fathom Nickel profits, it gets hit 10%. Things that make you go hmmmmm….
Point To Ponder:
My Schwab account of explorers is progressively going negative all day…. Whereas, my IB account of explorers is progressively going green from open. (Primary difference appears to be Magna Mining cad shares.)
I’ve been a seller of the larger more liquid stuff today including CDE and HL and (still) a buyer of BBB, IPT, and KTN. Most should probably just HOLD and not attempt to trade the short term which is much more difficult during a strong trending move.
Silver is a little out of sync with gold and therefore looks like it could continue higher even if gold stalls. The gold miners also look like they could continue higher regardless of gold’s short term action.
The C$ looks ready for a breakout and another leg higher:
https://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=10&dy=19&id=p12393624241&a=1065600101
Now if I can get my Schwab account to go to the upper part of the range with the Cad.
True, Doc is still cautious but the most bullish he’s been in many months. I too like the mellowness of Gold’s rise. Barely getting any press and little excitement. Earnings should begin to show growth in the next reports and eventually, that’s what will entice the big money IMO.
Everyone ought to listen to the latest Macro Voices interview: Adam Rosencwajg. Talk about bullish, especially long term: https://www.macrovoices.com/
Thanks for the show.