Nighthawk Gold – A Company That Caught My Eye At Beaver Creek
Nighthawk Gold (TSX:NHK & OTCQX:MIMZF) was another Company that stood out to me after almost 40 meetings in Beaver Creek. The Company is focused in the North West Territories and has a number of exploration targets in its land portfolio. The flagship property is the Colomac Gold Project that has a 2013 resource of 2.1 million ounces of inferred resource at a grade of 1.64g/t. Look for a new resource to be released next year. There are also 6 other properties that the Company holds which provide blue sky potential. Nighthawk has money in the bank and some strong shareholders. Listen in for all the details.
Please email me (Fleck@kereport.com) or comment below with your thoughts and any follow up questions you have for the Nighthawk team.
Note – The Company is listed on the main board TSX in Canada and on the OTCQX in the US.
Click here to read over the Nighthawk Presentation.
Click here to visit the Nighthawk website.
Click download link to listen on this device: Download Show
Always nice to see a company added to any index. I own shares of Nighthawk, although they are now slightly lower than my purchase price.
Pathetic underperformance by the miners today. it is, what it is. I think they are signalling at best a triangle consolidation and more likely an eventual a$$whipping. When have miners started a major rally with a gentle ramp up? Never, is the answer. The banksters will load up when they are pennies on the dollar, as always.
The miners always go far far lower than even the most dire predictions. It’s what they do. Even if the spike down only lasts a week, the spike down will be some ridiculous percentage drop (20-30% or more depending on the size of the miner). Accumulating before an insane spike down is just dumb.
Bill Holter says:
“What has actually happened this year is something we have NEVER seen before, the little guy has not only backed away from purchasing coin, they have actually been sellers unlike never before…
Basically, the little guy has gotten “tired” of waiting, in this sense the central banks have won by holding an exploding system together longer than the average investor can wait.
The mass retail selling has done what one would suppose, coin premiums have sunk to all time lows. This has however created an incredible opportunity! You can now purchase AU Liberties (almost uncirculated 1933 and earlier gold coins) for LESS than current 2017 Eagles. Not only that, the premiums for higher grade “uncirculated” coins in the MS 61-MS 63 grade range are such that pricing is roughly equal to or only slightly higher than one ounce Gold Eagle prices. The anomaly is so severe, even when sourcing 1/4 and 1/2 ounce Liberties, there is little to NO PREMIUM over the one ounce coins! At this point, 1/4 and 1/2 ounce Liberties can be purchased at 5% and larger discounts to their same weight American Eagle counterparts. This makes no sense and has never happened before but it is in fact the case currently.
To put this in perspective, Liberties were being “bid” (what dealers were paying customers) 60%-70% OVER spot back in 2009. Higher graded uncirculated coins were being bid even higher.
…The bottom line is this, given the choice of purchasing bullion or numismatics today, the choice is a no brainer. You can purchase coins with numismatic value for equal or less than a current sovereign coin.”
https://www.jsmineset.com/2017/10/12/fade-the-little-guy-for-profit/
I posted the exact thing……earlier……..great minds think alike, I thought it was very telling on the numismatic side……..sinks……………..
oops, I missed it
no problem, it was worth a re post…………..
It’s always ugly with the miners. Always.
http://stockcharts.com/h-sc/ui?s=%24HUI&p=D&b=5&g=0&id=p18737654358&a=550147666&listNum=1
GDXJ is about to break down vs GDX. No way is it going to just ramp up smoothly from here. Down she goes, scary, fast and hard, as always.
http://stockcharts.com/h-sc/ui?s=GDXJ%3AGDX&p=D&b=5&g=0&id=p98014687090&a=550148921&listNum=1
EX,
my brother says THANK YOU EX-MAN!!! He is now the proud owner of his first 43-Bagger thanks to your advice to buy GGI. Unfortunately, he only held onto $600 house money bucks worth so he is only up about 25K today 🙂 GGI is the the story of the year!
https://www.google.com/search?q=GGI&rlz=1CAHPZQ_enUS724US725&oq=GGI&aqs=chrome..69i57j0l5.9121j0j7&sourceid=chrome&ie=UTF-8
+ 43 Confused. That’s great to hear.
Yes GGI has been on fire and is one of the big stories of the year, along with NVO, AU, and GTT.
However, it might be wise to take a % of the winnings off the table before the assay results are reported. There is a lot of speculative money in GGI right now based on the photos of the recent drill cores, but the assay results will be the truth machine.
It still looks very perspective, but has run far above any valuation expected, so a little preservation of the original capital or some of the gains is warranted. It isn’t a win until the shares are converted back into currency to use for the next trade. 🙂
That is awesome news for your brother though. Very well done!
Check out this Chart with some of those high-flying Explorers this year.
GGI.V, AU.V, NVO.V, GTT.V
http://stockcharts.com/freecharts/perf.php?GGI.V,AU.V,NVO.V,GTT.V&n=200&O=011000
Who will be next? ………………………….
Nice chart..
(GGI) Garibaldi Resources Provides Nickel Mountain Project Update
Silver miners like EXK and IPT.V that have all broken down well below their 20 and 50 month MAs are bound to tag the lower monthly bollinger band at this point. We are talking sub $2 for EXK and .25 for IPT.V. possibly. And while you would expect a bounce there, there are obviously no guarantees that will constitute a bottom. likely we will see a lower low just for the hell of it. And then once they have bottomed, they will have to contend with their declining 50 month MAs and by then declining 20 month MAs. Assuming silver miners are in a new bull it will be *years* before either take out their 20016 high.
“Silver miners like EXK and IPT.V that have all broken down well below their 20 and 50 month MAs are bound to tag the lower monthly bollinger band at this point….. Assuming silver miners are in a new bull it will be *years* before either take out their 20016 high.” — Spanky
_______________________________________________________________________
I’ve already taken the other side of that trade (Do The Opposite), and have positioned even heavier in Silver Jrs like EXK and IPT. My thesis is that these torqued up little Jrs will absolutely take out their 2016 highs before 1 year is over, [so in months…much less than years…”
That’s what makes a market.
Impact monthly chart.
http://stockcharts.com/h-sc/ui?s=IPT.V&p=M&b=5&g=0&id=p28960848265&a=550152729&listNum=1
And here is an even better one to illustrate my point about the Ichimoku cloud. Cmon, even you have to admit that it looks lacklustre at best until March ’18.
It is about to plow through that cloud. You look at technicals in a very compartmentalized way that is very bearishly biased.
It is just backwards to put more emphasis on the monthly without regard for the daily and weekly.
Sorry my friend. The damage has been done. It will be rounding below that cloud like a ship going round the Cape of Good Hope. It doesn’t have to fall apart, but there won’t be any imminent liftoff from today’s levels until March.
It will sail through that Ichimoku Cloud when the Silver price goes up to $18, $19, $20, $22, $25, $27……
The cloud seems like a tempest in a teapot fueled by ranting and a lot of hot air.
Where is the smart money today? Shorting every uptick in the juniors is where. If this move up in gold was sustainable, the miners would be up massively. Gold is definitely coming back down below 1300 and likely much lower. Pathetic action, but it is what it is. Presages a pummeling IMO when gold is done with little spurt.
spanky very few large funds take short positions in Jr Miners, so that is unlikely.
Where exactly do you think Gold will pull back to?
Here is a Gold chart so we know where we’ve been and where we are:
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=5&mn=0&dy=0&id=p08522016430
Here’s a better chart of Gold where the Volume is separated because it got in the way of the MAJOR DOUBLE-BOTTOM Gold put in back in December of 2015.
We don’t want anything obstructing the clear view of where the Bear market ended and the new Bull market began….. 😉
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=5&mn=0&dy=0&id=p55310961140
“The damage has been done” — that’s really funny stuff!
Something tells me that your belief in your analytical abilities won’t be dented one bit when you find out that you are dead wrong.
Well stated Matthew.
Why the selling then?
Seriously?! Look at every major bottom in any sector and you’ll huge volume. The reason is simple, most investors behave stupidly and sell because prices are falling or buy because they are rising (some do that very early in a new trend and are not stupid but they are the minority).
*you’ll SEE huge volume
SLV and the silver miners have gone in opposite directions since the 9th–the low in SLV. Why is that? We are not talking about a 1 day aberration.
Spanky, that is bearish, no doubt about it, but in the context of the bigger picture, as well as some details, I don’t think it is all that noteworthy.
The majority of investors still need more evidence that the lows are behind us before they will commit with confidence. Most probably agree with Goldman Sachs or even Tim Wood which is reason enough to steer clear of the miners altogether.
Not saying its headed down in a straight line. I think it will bounce along that dashed support line like a slinky. Only point is I don’t expect much until March ’18 and far a sustained move. Again, I base that primarily off of the Ichimoku clouds on the monthly chart. To me the action in Impact is going to shape up like $sugar back in 1998-2006. Zig zag for a number of years before breaking above the initial spike high. I think even you have to admit that the Ichimoku cloud is too formidable to overcome and the nearest sign of daylight will only begin in the spring of ’18. It’s just going to muddle around for the next 4-5 months. Yes, it could rally back up to the cloud border, but it will just be a great shorting opportunity.
No other explanation for today’s terrible action in the juniors and silver miners. The banksters are going to get their fill one way or another.
http://stockcharts.com/h-sc/ui?s=SIL&p=D&b=5&g=0&id=p02994695426&a=550187767&listNum=1
?
OK – So here is the terrible day in the Silver Miners:
Ticker Symbol / Silver Mining Company Name / % Chg
SDRG Silver Dragon Resources Inc. +19.83%
SVG.V Silver Grail Resources Ltd. +11.76%
AZR.V Azarga Metals Corp. +11.11%
KS.V Klondike Silver Corp. +10.00%
SMI.AX Santana Minerals Limited +9.38%
DV.V Dolly Varden Silver Corporation +7.46%
SBR.TO Silver Bear Resources Plc +7.14%
WRM.AX White Rock Minerals Ltd +6.67%
CSR.V Castle Silver Resources Inc. +6.25%
AZS.AX Azure Minerals Limited +6.25%
MTR.L Metal Tiger plc +5.49%
KTN.V Kootenay Silver Inc +4.76%
REX.V Orex Minerals Inc. +4.55%
SVL.AX Silver Mines Limited +4.26%
MYA.V Maya Gold and Silver Inc. +4.05%
LSL.CN Liberty Silver Corp. +3.68%
AUMN Golden Minerals Company +3.34%
MMG.V Metallic Minerals Corp. +3.23%
NIM.V Nicola Mining Inc. +2.86%
LVN.TO Levon Resources Ltd. +2.78%
DEF.V Defiance Silver Corp. +1.89%
ASM Avino Silver & Gold Mines Ltd. +0.65%
HOC.L Hochschild Mining PLC +0.59%
AG First Majestic Silver Corp. +0.48%
HL Hecla Mining Company +0.48%
MAG.TO MAG Silver Corp. +0.41%
SVM Silvercorp Metals Inc. +0.36%
FRES.L Fresnillo PLC +0.14%
Do you not grasp the concept of an index? I could cherry pick 1000 stocks that are down today even though the indexes are up.
Yes, I understand that the 1000s of stocks are down today while the indexes are up because a few over-bloated FANG stocks make up most of the action and the general markets are warped by funds piling into just a few names.
I also understand that you seem to have tunnel-vision when evaluating a whole sector like the Silver miners and seem to base everything on EXK, AG, and IPT, which is hardly and Index.
When someone says “it’s a terrible day in the Silver miners” and most of them were up then it’s a BS comment. I’m simply pointing out how many Silver stocks were in the green and doing great today and making investors money. Far from terrible.
Same thing with many of the Gold stocks.
Ticker Symbol / Gold Major Producers / % Change
GFI Gold Fields Limited +2.36%
SBGL Sibanye Gold Limited +0.95%
G.TO Goldcorp Inc. +0.91%
AEM Agnico Eagle Mines Limited +0.71%
NEM Newmont Mining Corporation +0.55%
POLY.L Polymetal International Plc +0.34%
NCM.AX Newcrest Mining Limited +0.28%
HMY Harmony Gold Mining Company Limited +0.27%
RRS.L Randgold Resources Limited +0.27%
AU AngloGold Ashanti Limited +0.05%
Ticker Symbol / Gold Mid-Tier Producers / % Chg
KCN.AX Kingsgate Consolidated Limited +8.20%
BAA Banro Corporation +5.24%
PAF.L Pan African Resources PLC +3.92%
AKG Asanko Gold Inc. +3.05%
DRM.AX Doray Minerals Limited +2.78%
CEE.TO Centamin Plc +2.48%
CGG.TO China Gold International Resources Corp. Ltd. +1.97%
DRD DRDGOLD Limited +1.93%
MML.AX Medusa Mining Limited +1.69%
GCM.TO Gran Colombia Gold Corp. +1.61%
DGC.TO Detour Gold Corporation +1.47%
KOZAL.IS Koza Altin Isletmeleri A.S. +0.96%
1818.HK Zhaojin Mining Industry Company Limited +0.90%
ACA.L Acacia Mining plc +0.79%
HGM.L Highland Gold Mining Limited +0.65%
MUX McEwen Mining Inc. +0.48%
RSG.AX Resolute Mining Limited +0.47%
EGO Eldorado Gold Corporation +0.44%
GUY.TO Guyana Goldfields Inc. +0.42%
EDV.TO Endeavour Mining Corporation +0.37%
SAR.AX Saracen Mineral Holdings Limited +0.36%
Ticker Symbol / Gold Small Producers / % Chg
MLN.V Marlin Gold Mining Ltd. +17.86%
CGN.AX Crater Gold Mining Limited +11.11%
MYA.V Maya Gold and Silver Inc. +4.05%
OMI.TO Orosur Mining Inc. +3.85%
MQR.V Monarques Gold Corporation +3.03%
MOY.AX Millennium Minerals Limited +2.94%
NIM.V Nicola Mining Inc. +2.86%
WDO.TO Wesdome Gold Mines Ltd. +2.51%
CAL.TO Caledonia Mining Corporation Plc +2.50%
GER.V Glen Eagle Resources Inc +2.38%
KDR.AX Kidman Resources Limited +2.34%
RED.AX Red 5 Limited +2.04%
GSS Golden Star Resources Ltd. +1.99%
SFR.AX Sandfire Resources NL +1.18%
ORA.TO Aura Minerals Inc. +1.14%
Ticker Symbol / Gold Developers / % Chg
MXL.V MX Gold Corp. +21.21%
WGC.CN Winston Gold Corp. +14.29%
ORX.V Orefinders Resources Inc. +8.33%
BEX.V Benton Resources Inc. +8.33%
ORG.V Orca Gold Inc. +6.35%
NM.V Northern Empire Resources Corp. +4.30%
IDM.V IDM Mining Ltd. +4.00%
AGC.V Amarillo Gold Corporation +3.17%
GEO.L Georgian Mining Corporation +2.99%
WAF.V West African Resources Limited +2.99%
LYD.TO Lydian International Limited +2.94%
DCN.AX Dacian Gold Limited +2.86%
GWA.V Gowest Gold Ltd +2.86%
GQC.V Goldquest Mining Corp. +2.86%
DNA.TO Dalradian Resources Inc. +2.33%
OLA.V Orla Mining Ltd. +2.22%
SFEG Santa Fe Gold Corporation +2.04%
VIT.V Victoria Gold Corp. +2.00%
HUM.L Hummingbird Resources PLC +1.99%
SA Seabridge Gold Inc. +1.90%
BSX.TO Belo Sun Mining Corp +1.85%
PGM.V Pure Gold Mining Inc. +1.75%
SBB.TO Sabina Gold & Silver Corp. +1.73%
MAX.TO Midas Gold Corp. +1.41%
CDV.AX Cardinal Resources Limited +1.39%
Ticker Symbol / Prospect Generators – Royalty Companies / % Chg
FGC.V Frontline Gold Corporation +25.00%
MLN.V Marlin Gold Mining Ltd. +17.86%
AVU.V Avrupa Minerals Ltd +13.33%
CMD.V Commander Resources Ltd. +11.11%
MAD.V Miranda Gold Corp. +9.09%
RRI.V Riverside Resources Inc. +8.62%
BEX.V Benton Resources Inc. +8.33%
PDI.AX Predictive Discovery Limited +7.14%
AU.V Aurion Resources Ltd. +5.99%
TUO.V Teuton Resources Corp. +5.13%
CN.V Condor Resources Inc. +4.76%
SMD.V Strategic Metals Ltd. +4.55%
MRZ.V Mirasol Resources Ltd. +4.37%
ELY.V Ely Gold & Minerals Inc. +3.85%
GUG.V Gungnir Resources Inc. +3.13%
ECR.V Cartier Resources Inc. +2.00%
LRA.V Lara Exploration Ltd. +1.96%
RZZ.V Abitibi Royalties Inc. +0.67%
APF.L Anglo Pacific Group plc +0.28%
ALS.TO Altius Minerals Corporation +0.25%
OR.TO Osisko Gold Royalties Ltd. +0.12%
There are too many straight Gold Exploration stocks to post here but there were large numbers in the green as well on this “terrible” day. 😮
Do you not grasp the concept of an index? I could cherry pick 1000 stocks that are down today even though the indexes are up.
Yes, I understand that the 1000s of stocks are down today while the indexes are up because a few over-bloated FANG stocks make up most of the action and the general markets are warped.
I also understand that you seem to have tunnel-vision when evaluating a whole sector like the Silver miners and seem to base everything on EXK, AG, and IPT, which is hardly and Index.
When someone says “it’s a terrible day in the Silver miners” and most of them were up then it’s a BS comment. I’m simply pointing out how many Silver stocks were in the green and doing great today.
Same thing with many of the Gold stocks.
spanky – Let’s put that little blip into perspective shall we?
http://stockcharts.com/h-sc/ui?s=SIL%3ASLV&p=D&yr=5&mn=0&dy=0&id=p34228230199&a=550190817
Time will tell the story here. I sincerely hope you are right. But I think your call of an imminent bottom is wrong. I think the banksters will shake the tree nice and hard before buying the miners. If you can sit through a 20-30% drawdown and smile, good for you. Similarly your timeframe for new highs in the silver miners (lets use SIL as a proxy) is off by about 2 years. Again, I sincerely hope I am wrong and we can put this miserable “consolidation” behind us. If the miners can rally well above their 20 month MAs in the next 2 months, I will relax.
Yes, we’ll see how it goes and would be surprised to see a further 30% draw down in the miners from where they are here.
I never said anything about an imminent bottom, so I’m not sure where you’re pulling that from. What I did say was my “My thesis is that these torqued up little Jrs will absolutely take out their 2016 highs before 1 year is over, [so in months…much less than years…]”
If you think that is off by 2 years (meaning it will take about 3 years for them to take out their 2016 highs) — that’2020, then I’ll tip my hat to you at that point in time but my view is the metals and miners will be many multiples higher by that point in time.
As for your last 2 sentences we are in agreement:
“Again, I sincerely hope I am wrong and we can put this miserable “consolidation” behind us. If the miners can rally well above their 20 month MAs in the next 2 months, I will relax.” — Spanky
** Until then, I’m make sure to wake you up when Silver is back over $18 as requested:
> On October 10, 2017 at 1:08 pm,
spanky says:
“Wake me when silver cracks $18 (that’s USD not pesos). I think it is going to be a very long nap, might even turn into a dirt nap for me by the time it sees $18 again.”
_________________________
Currently:
Silver Dec 17 (SI=F)
$17.43 up +$0.16 (+0.95% gain today)
—–> only $.57 more cents until wakey wakey….. 🙂
NEW YORK, Oct. 13, 2017 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the third quarter 2017 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.
The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best …. Thirty-four companies were added to the index, including Amplify Energy Corp. (OTCQX: AMPY), Birner Dental Management Services, Inc. (OTCQX: BDMS), Covalon Technologies Ltd. (OTCQX: CVALF), Fortress Paper Ltd. (OTCQX: FTPLF) GlassBridge Enterprises, Inc. (OTCX: GLAE), Nighthawk Gold Corp.(OTCQX.