The Pop In Metals and Some Stock Moving On Good News
David Erfle, Founder of The Junior Miner Junky joins me to discuss the pop we are seeing in metals today. He shares some aspects of the moves today that have him a bit concerned however overall we simply need to see a little follow through the rest of this week. We wrap the interview with some comments on Wesdome and White Gold who each released some good results today.
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Hi David
You mentioned several weeks ago that you have a definite rule to sell a stock if it drops 20%. But Novo Resources has drop more than 50% since then and you still own the stock. Any reason for the change of mind?
Hey Bob,
I was fortunate enough to be able to participate in the last Novo PP, so I am still up considerably after taking some profit as well as my original investment off the table. The rule is a drop below 20% from my purchase price and I usually sell the position for risk management purposes. Best of luck.
Gold ready to explode…………just on the DEBT……
https://www.zerohedge.com/news/2018-10-02/us-gross-national-debt-soars-127-trillion-fiscal-2018-hits-215-trillion
This guy stole my thought…………..
I am now a guru/ expert……… 🙂 LOL
What is the cost of mining an oz of gold…………anyone know……?????
I know it varies, but,….generally speaking…..Thanks
See below, Jerry…
Thank you Matthew………..appreciate the info………….
The 32-year old independent commodities researcher in its 221-page industry bible says all-in sustaining costs (AISC takes into account administrative, exploration, reclamation and other costs) bottomed out in the first quarter of 2016.
“Based on its production-weighted data calculated from 41% of annual global gold production of 97 million ounces, AISCs averaged $871 during that quarter, down some 27% from the peak AISC of $1,187 touched in Q3 of 2012. AISCs have risen since then to average $949 during the third quarter of last year, up around 9% from Q1 2016.”
http://www.mining.com/wp-content/uploads/2018/04/CPM-aisc-2018-mar.jpg
Interesting chart……..cost have gone down with the price……..and now going back up…
Matthew, I just watched NoStressMike, a former marine in Viet Nam who saw lots of action, discuss the 2 best guns for personal defense. He says everyone should have a .38 snubnosed revolver and an AK-47. He also has a video comparing the AK and the AR. He has obviously had a colorful life with much experience.
Bonzo, that sounds like good advice to me.
GDX is looking good. Let’s see how it finishes the day:
http://schrts.co/gBU4Fw