Brien Lundin – Precious Metals Have Continued A Stair-Step Process Of Two Steps Forward And One Step Back

Brien Lundin, Editor of The Gold Newsletter and our host at the New Orleans Investment Conference, joins us to discuss the sideways consolidation in precious metals sector at higher levels over the last few weeks, and why a breakout in pricing is what is needed to get more traction in the junior PM mining stocks.  We reviewed the 2 steps forward, one step back, stair-stepping higher reaction for the last 6 months to the market expectations that Fed is getting near the end of their tightening cycle, and the eventual pause in any further rate hikes.   Investor expectations using the Fed funds futures have made a huge turn from anticipating higher rates for longer, to now expecting a pause soon and potential cuts to rates later this year.


We wrap up discussing the mining stocks, where overall the larger cap names have been handsomely outperforming the moves in the metals on a percentage basis, but there are still highly discounted valuations and bargains to be found in companies that have derisked and defined resources in place.  Brien mentions that companies with resources that are also doing good exploration work like Heliostar Metals (HSTR.V), Grande Portage Resources (GPG.V), and Maple Gold Mines (MGM.V) are some that have his interest at present.*


*In full disclosure, Brien Lundin may hold some companies listed in his own portfolio or recommend them in Gold Newsletter.





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    Apr 20, 2023 20:10 PM

    My experience is more 2 steps back and then one more step back. But that has only been for 15 months.

    Apr 20, 2023 20:57 PM

    Boy, I missed it on Tearlach. I know the stock is a newby, and the fact it’s been beaten down 90+ since its inception, but with the expedited push for quick lab results, figuring they recognized something that enthused them , and the lab results good to excellent, God only knows.

      Apr 20, 2023 20:57 PM

      Yes, I have to admit I was thinking about a Kuya moment for Tearlach and 2ndly for BlackRock Silver

        Apr 20, 2023 20:04 PM

        Maybe they’ll run into a diamond pipe on one of the other drill holes at the BlackRock/Tearlach project

    Apr 20, 2023 20:24 PM

    I’m playing the bounce in NAT GAS. At some point there’s going to be a reversal to mean

      Apr 20, 2023 20:25 PM

      Cali, I couldn’t agree more—what vehicle are you using?

        Apr 20, 2023 20:47 PM

        I’m playing with my gambling funds 1/2 BOIL 1/2 UNG 🙂

          Apr 20, 2023 20:55 PM

          Thanks, I’m going with ung.

          Apr 20, 2023 20:23 PM

          I just recently took out a position in Comstock to play the Nat Gas theme, and am thinking of adding a 2nd or 3rd position in Antero or Range Resources or maybe even Birchcliff for more gassers.

    Apr 21, 2023 21:23 AM

    I haven’t become enamored with electric vehicles because the technology isn’t there and neither are the raw materials for such a massive build out, but if you look at what Toyota is doing with Hydrogen fuel cells, that makes sense. DT

      Apr 21, 2023 21:02 AM

      For such a massive build out, neither is the electric generating capacity, nor the power transmission lines.

      Apr 21, 2023 21:14 AM

      The electric greenies are going to hate Toyota, haha, go hydrogen!;-) Once again Alberta can be a leader in this fuel too.

    Apr 21, 2023 21:32 AM

    Looks like Hedge Funds and other insiders are continuing to short in order to maintain their “preferred trading status”. In the meantime Congress and Regulators are expanding their finger painting and cartoon schedule.

      Apr 21, 2023 21:33 AM

      Hmmmm …. Emo down and Magna up. Just opposite of yesterday. I am posting this early so it gives the intervenors time to disrupt their own pattern.

    Apr 21, 2023 21:39 AM

    Bought CDE and HL in the first several minutes of trading.

    Apr 21, 2023 21:29 AM

    TSX.v index, at the bottom bolly and the flattening 200mda…

      Apr 21, 2023 21:12 AM

      The reason I keep posting the TSX.v index is anyone who follows this index closely knows there is a lot of suspicious trading data on the bid/ask related to the off index trading causing what appears to be short term shorting.

      Until this index starts trading like a normal index there will be mistrust on it’s methods IMHO. Not only is there difficulties getting noticed on this index by the PM stocks but there is also the mistrust of the basic trading methods.

      BTW, this is another TSX.v chart like the one above with a rising Accum/Dist on it.

    Apr 21, 2023 21:58 AM

    FREAKY FRIDAY………….. Again………….
    Dollar toast….. or a Toast to the Dollar………..

    Apr 21, 2023 21:41 AM

    Wow, what a stupid coin/token, I hope no one gets sucked into buying crap like this…

      Apr 21, 2023 21:56 AM

      Ahhh…. Xmas presents for the Grand kids at the work farm.

      Apr 21, 2023 21:54 AM

      Who buys coins from kitco …… never seen a deal there …..

        Apr 21, 2023 21:43 PM

        Hahaha, I started buying well over two decades ago and have given little thought of ever buying off them.

          Apr 21, 2023 21:51 PM


            Apr 21, 2023 21:31 PM

            I used to by from Apmex and then sell them back to Kitco (as they sometimes offered better deals on buying than other dealers, but definitely not on selling). This was years ago though (2008-2011), so things may have changed since then for both companies.

    Apr 21, 2023 21:02 AM

    Continuous down-leg in the Juniors has another day as the target in the managed money hatchet throw contest. I guess it is a warm-up for Monday so they get the weekend off and don’t have to meet on the weekend to plan counter intuitive future events.

    Apr 21, 2023 21:16 AM

    ung 240 minute…nat gas intra-day did not form an ABC down retest near the lows as in Gartley Buy pattern…It appears that it formed the other possibility of a C point in its first ABC up in this price recovery…huge volumes everywhere…this is about as good as it gets…a gap up next week leaving this as an island reversal should not shock…glta

    Apr 21, 2023 21:35 AM

    Bought Viva Gold. Tonopah area where Summa and Blackrock Silver are. Walker Trend.

      Apr 21, 2023 21:32 AM

      Viva Gold, Viva Las Vegas! Thank-you, Thank-you, very much, Thank-you very much! DT

      Apr 21, 2023 21:33 PM

      Hmm…. never heard of Viva Gold, so thanks for that post Lakedweller2. I’ve got positions in both Blackrock Silver and Summa Silver, so I feel I’ve got that area covered, but if there is a 3rd amigo, then maybe I need to take a look…

    Apr 21, 2023 21:20 PM

    Chile Stuns Markets And EV Makers By Nationalizing Lithium Industry Overnight ………….

    Chile’s President Gabriel Boric stunned the world on Thursday when he said he would nationalize the country’s lithium industry, the world’s second largest producer of the metal essential in electric vehicle batteries, to boost its economy and protect its environment.

    Humm……. might be more to come…. stay safe….dollar not looking good… but, everyone already knows that…….

      Apr 21, 2023 21:40 PM

      In the past Chile would have accepted The U.S. dollar in exchange for lithium, now they are afraid that America will offer them pennies on the dollar for their natural resources and now they know The U.S. dollar is no longer even worth pennies on the dollar. LOL! DT