Individual Stocks As Barometers For The Gold and Silver Sectors
There are a number of encouraging signs for gold and silver investors that continue to build behind the scenes. David Erfle, The Junior Miner Junky joins me to outline those signs. We discuss the rounded bottom for GDX and the fact that a major, Newmont Mining, is starting to break out to 52 week highs. We wrap up the interview with a couple stocks David uses as a barometer for gold and silver.
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NEM made 52wk high close last week: http://stockcharts.com/h-sc/ui?s=NEM&p=W&yr=2&mn=6&dy=0&id=p62364249741&listNum=1&a=589237880
A close above $45.50 will be a multi-yer high: http://stockcharts.com/h-sc/ui?s=NEM&p=W&yr=10&mn=6&dy=0&id=p21687506227&listNum=1&a=589237880
Thanks you Sir. I mistakenly was viewing a daily chart. Tried to intimate I was no expert. Thanks again.
No worries.
https://www.youtube.com/watch?v=xlCPkmb6cuY
+1 for the Brazil clip. Love it! (big Terry Gilliam fan)
“Just remember, we’re all in this alone.” — Lily Tomlin
Ira’s metals
Interesting that China is loosening credit…..as if preparing for US sanctions.
Looks like the Gold/Silver ratio might drop back below 80 today.
see my notes earlier………..
On April 17, 2018 at 8:50 am,
OOTB Jerry says:
Daily cup and handle on silver…..just broke out……lol
I also said, check the 10 yr chart, ….peaked at 82
Bob Hoyh…..was predicting 100 …..not going to happen…..so much for the gurus
> Silver $17.08.
Someone please send a memo to the Silver miners for today’s trading session 🙂
Finally………cup and handle working fine…….. 🙂
There are a lot of retards in the silver miners…….they should all unit, and run JPM out of business………..jmo
unit….to unite……..
They should all form an organization of silver miners . I think the last organization was in 1890-1891.
Forget the comex…….and cftc………
$Silver rallies typically start with a short squeeze. The May contract is up over 2% on the day and most silver miners are up 3%-6%. #SqueezeOn
SI1:COM 17.16 USD/t oz.
Up $0.373 (2.22% gain)
More Extremes in Silver Positions
The CTFC now reports that commercials in silver (who have never been net-long) hold the smallest
net-short positions since June of 2013. Back then silver rallied almost $7, to $25.17 by the end of
August. Gold rallied over $200 to $1434 in that same period.
above from Bob Hoye…….see at 321
Hey Ex, when you get a chance I asked a couple questions on Mexus…on the Sunday talk. Didn’t have service for a couple days😉
Hi Whit. I did get back to you on the Sunday blog regarding Mexus.
Cheers!
NEM is doing much better since Gary Goldberg became CEO. It is the only gold mining stock in the S&P 500, and it will explode when gold goes to 3K and pay a big dividend.
MUX is wonderful too.
Looking forward to seeing MUX get re-rated much higher on the next significant impulse leg higher in the PMs.
I like the weekly charts in the precious metals still, but the rise in the junior miners since the beginning of March has been tepid. The intraday charts don’t look so good to me, and I didn’t feel like giving up the 14% I managed to eke out over 5 weeks (jnug), so I sold.
I hope I don’t regret it. May jump back in very soon, tough to say. But for at least the very short term, uranium, cryptos, and pot look more interesting.
Bankers are trying to bankrupt the miners…………jmo
Gold should be well over $1400…….trading sideways …..way to long…..jmo
Agreed Jerry!
Dang Judge WAS AS PLAY BOY BUNNY………..to funny for words……..Trump o mania
https://www.zerohedge.com/news/2018-04-17/5-fast-facts-about-federal-judge-michael-cohens-case-and-why-trump-should-be
2. She trained as a Playboy Bunny
2. She trained as a Playboy Bunny
She was President Bill Clinton’s pick for Attorney General in 1993, BILLY BOB, new she was a BUNNY….that is why He liked her…………..lol
new to knew……sorry,
3. She had an extramarital affair that earned her the nickname the “Love Judge”
Dumb Bunny……..
4. She officiated George Soros’s wedding………..Soros knew her in Europe, most likely attend Heffs parties……
Has the deep state ever been more obvious than it is now?
How does one “train as a Playboy bunny”?
Wear rabbit ears and go around scantily clad at swanky parties trying to lure rich old men or rap stars into back rooms for good times? Or do they just watch the film “Eyes Wide Shut” about 10 times to get certified? 😉
It takes a law to degree to figure that one out……….. 🙂 or judge for your self…..
Oh – Maybe we should leave it up to Judge Judy then…. 🙂
Wood might be a judge, but her personal past indicates that her moral scruples are lacking. In 1995 at the age of 51, Wood began an affair with married multimillionaire Wall Street financier Frank Richardson. The affair was uncovered by Richardson’s wife when she found passionate passages written about Wood in Richardson’s diary. The tryst earned Wood the nickname the “Love Judge” during Richardson’s divorce trial. Wood married Richardson in 1999.
This woman is a lose cannon,,,,,,,,,,,mental disorder……..Justice department needs to remove this person from office immediately.
Let’s pray that Wood, the Clintons, Ginsberg, Sotomeyer?, and McCain will be gone soon…
Yes, as some recently wrote on here, “praying for sanity”.
Actually, NEM by my charts, failed by about 5 cents to set a new 52 wk high. The thing I don’t like about NEM’s chart is the RSI reading failed badly to set a new high and is considerably (about 15 points) below the previous high.
With that said, I don’t claim by any means to have the expertise that David does and like every thing he said during this interview. I’m invested heavily in the sector and am just waiting like everyone else. Thanks for the interview Cory.