Doc Jones – Resource Investing In Gold, Silver, Lithium, Copper, Nickel, Oil, and Nat Gas Stocks
Doc Jones, Private Investor and editor of DrJonesResourceInvestor.com, joins us to discuss different aspects of investing in the resource stocks in gold, silver, copper, nickel, lithium, oil, and natural gas. We start the discussion off with a change in outlook for the precious metals sector, where he has been more actively involved lately and taking on a few new positions. He mentioned his interest in the earlier stage explorer Regency Silver (TSXV: RSMX) (OTCQB: RSMXF) based on some initial encouraging drill results, and also that he has recently participated in a financing with Western Alaska Minerals (TSX.V: WAM) (OTC: WAMFF) as they continue to expand and derisk their copper-gold porphyry project.*
Next we jumped over to the critical minerals trend, and the huge amount of investor interest over the last few years, due to all the positive tailwinds we see behind the green energy policies and investment capital flows. He explains why he is more interested in investing in critical minerals like copper, nickel, zinc, and lithium, and outlines 2 companies at various stages of the mining cycle that he has invested in personally. He first mentioned Sigma Lithium (TSX.V:SGML, NASDAQ:SGML), a near-term lithium producer in Brazil, and then moved over to the battery metals developer Magna Mining (TSX.V: NICU; OTC: MGMNF), and recent exploration results returning solid nickel, copper, PGM values.*
Because of his background investing in the traditional oil and nat gas stocks for over 2 decades, we wrap up with his outlook on the energy space, with his continued focus on Canadian companies with more established teams and assets with true scale and stability, along with robust dividends. He noted both Birchcliff Energy (TSX: BIR; OTC: BIREF) as an example of a solid dividend paying companies with excellent financials and growth built in as nat gas prices improve.*
* Doc Jones is not paid by any company to discuss these stocks, and these are simply what he is doing with his own money in his own portfolio, and this is not investment advice.
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Hi Bonzo, Yeah, I thought you’d enjoy hearing Doc Jones was getting into position with Western Alaska.
Our buddy the Hedgeless Horseman has been banging on the WAM drum for some time now, so I may have to take a closer look at what they’ve got going on with their drilling.
May your trading be prosperous!
Quinton Hennigh has been touting WAM since they hit a spectacular hole last year. Maybe HL will buy them…
Yes, that is likely why Erik has been so keen on them too. If Q.H. likes something, then The H.H. is on it!
I would not buy any resource stocks listed on The OTC because you don’t get the shares what you get are derivatives based on the price of Canadian shares. The derivative market is way over extended and there is a good chance that it will be a derivative implosion that whacks the economy and the markets. Just too dangerous in my opinion to own OTC shares. DT
That’s a good point DT, but OTC stocks aren’t the same kind of derivatives as the 100s of contracts based on one Crimex ounce of gold or one mortgage like you see in other areas, that could implode. For most OTC stocks there is a market maker and clearing house that acquires a number of shares of the actual tickers, and the creates the Over The Counter shares as derivatives, so it isn’t the same thing as holding the actual primary tickers themselves, but it isn’t something that is going to fall apart in a derivative implosion like the sub-prime mortgage derivatives almost did in the G.F.C. or that banking instrument derivatives could.
Still, it’s usually better just to buy the main ticker for liquidity and better bid/ask spreads and pricing accuracy.
Ex, The trouble with derivatives is you don’t know who owns them let alone their actual worth. Once professional analyst’s set up these schemes instead of issuing shares you get company “A’ holding 20% interest in Company “B’, and “B” an interest in “C’, while “C’ is invested in “A’, and “D’ held shares in each of the others. Your money goes into a pool and nobody knows the actual worth. A derivative is a derivative is a derivative. Not a good idea if you are worried about actual worth. It is third party all the way and nothing is worse than third party financing. DT
Very true DT. But again, those kinds of derivatives are more bank or mortgage derivatives, where one company owns claims on the same assets that other financial institutions due, or a stake in a company that owns another asset, that have derivatives of another asset, etc… Very messy as to who owns what.
I just wanted to clarify that an OTC stock is still 3rd party ownership of the underlying shares, but not the same kind of derivatives that like mortgage backed securities default swaps were or something like that.
Hi Ex, it’s pretty deceptive and disgusting when a purchaser of a stock doesn’t get entitlement to that stock but believes he has ownership. It goes to follow that speculation loses its interest for the ordinary man and woman when you purchase something that is not as it seems. The crypto crash is one example, and another example is buying stocks that are a supposed promise to pay, but not to own. DT
Hudbay Minerals and Copper Mountain combine to create a premier American Focused Copper Producer.
Wow. That’s another big M&A deal. Thanks for the heads up DT.
Just earlier we were discussing the BHP takeover of OZ Minerals.
More of the Big Boys getting even bigger through mergers and acquisitions.
The dollar closed below its 600 day EMA today for the first time in about 18 months…
https://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=1&mn=1&dy=0&id=p15391893040&a=528369444
Priced in real money GDXJ made a new high for 2023 today as well as its highest level since last June.
https://stockcharts.com/h-sc/ui?s=GDXJ%3AGLD&p=D&yr=1&mn=1&dy=0&id=p76741640202&a=1389731018
Objectively, silver hasn’t looked so good since at least mid 2020.
https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=3&mn=0&dy=0&id=p72328499785&a=1275764628
97 is coming soon
The USD is much weaker than most realize…
https://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=7&mn=3&dy=0&id=p30260701324&a=1316751060
90, that an interesting chart on the dollar. I’m looking @94 for now. I made a copy for perspective. Thanks !
Regency is one exciting stock! Gold and Copper
Are the markets open? Just wondered sine it appears to be National False Data Day.
FREAKY FRIDAY…………………….. BS………………… kind of a joke……
Gold down….
what can I say … I live in my own world of paranoia
Gold down $46 at the moment. This should push me to the bottom of my range bound life. Too bad others are doing an overbought correction. I am ready for the big run up and a straight jacket.
lol……….. good one…. Stay calm….. 🙂
I’m fine… just trying to pressure some MMs or Hedge Fund guys to make a career change into landscape design.
LOL……… that is even a better one…….. 🙂
uup low vol pop…trapped between relative volumes…up is over for today…glta
https://tos.mx/wPY2Nph
if equities get hit by a liquidity crises…probable eventually…this wamff could easily get back to ipo price w volume to buy…glta…imho
TSX.v 2 year weekly puts the recent gyrations of small and smaller caps of the PM market into perspective IMHO…
i like this wamff…weekly chart shows what could occur in crises….transfer of shares to insiders…glta…
GDX gap-fill to the penny:
https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=1&mn=3&dy=0&id=p05118487622&a=1393635149
It’s evidence of great strength that today’s sellers were unable to put the action back inside the weekly Bollinger Bands even as many traders go “flat” for the weekend.
An intermediate top is nowhere in sight.
WAM bearish breakout on biggest weekly volume since last September is not pretty:
https://stockcharts.com/h-sc/ui?s=WAM.V&p=W&yr=1&mn=6&dy=0&id=p62005057997&a=1393732004
Bonzo always buys too early. WAM got hit after its offering last week at 2.35, way below the market. But now it has plenty of cash to drill 17000 meters this summer, and with more good holes they could go back above 6 as they did last July. And if Doc Jones, QH, and Horseman like it then I’m in too, but not all in yet. It’s so thinly traded it is hard to buy.
Market order and hold your breathe
NEVER use market orders to trade TSX Venture stocks. ONLY use LIMIT orders. This is especially important if your order size is significant.
If you were joking you should say so for those who don’t know any better.
It was nice to hear Doc Jones likes WAMFF as I bought some this morning.