Silver and gold stocks leading but now is not the time to go all-in
Dave Erfle joins me today for a look into the precious metals sector and shares his strategy for deploying money.
Recently (over the past couple trading days) silver and the gold stocks have been leading gold. This is a very encouraging sign but also consider that risk on has been doing very well in tandem with the PM stocks.
As for portfolio management, Dave outlines why he is not taking full positions in his favorite metals stocks at this time. However he is out there buying.
Click here to visit Dave’s site and follow along with his newsletter.
The XAU is attempting to take back an important broken support:
https://stockcharts.com/h-sc/ui?s=%24XAU&p=D&yr=1&mn=3&dy=0&id=p12209821281&a=715542975
Overall, I believe the miners are now on much better footing than most realize.
https://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=1&mn=7&dy=0&id=p62485061424&a=725860897
Thanks for your charts Matthew. I sure hope you are right. Impact looks good to me. How about you.
Impact looks good but it will look better when/if operations resume in 3 weeks as is currently the plan.
The high this week so far happened at cloud resistance:
https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=4&mn=11&dy=0&id=p28126964355&a=661550334
Some resistance in the .37-.38 area:
https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=5&dy=0&id=p53014193633&a=642611606
Agreed more consoidation needed, but downside looks limited.
I THINK ALL INFO…in these mining sections……..should be about mining and PM……
I think some respect needs to be adhered to for all concerned……JMO
Sprott CEO Peter Grosskopf: Gold’s Technicals Point to $2,000+/oz
MiningStockEducation – April 7, 2020
0:50 Did Sprott Inc. foresee these recent events?
2:50 Thoughts on general equities
3:44 When will we see inflation? $2,000 gold coming…
5:36 Feedback from high net worth Sprott clients
6:36 Demographics of recent gold buyers
8:25 Increased interest in Sprott’s physical gold products
10:49 When will silver outperform gold?
12:18 Inflows into Tocqueville Gold Strategies now?
13:13 Best opportunities in junior mining sector now?
14:17 Questions about Sprott Resource Lending
15:30 $200-300M set aside for streaming & royalty investing
17:29 Best opportunities for Sprott Inc. in remainder of 2020?
(SMT) (SMTS) Sierra Metals Reports 2019 Consolidated Financial Results Including $65.3 Million of Adjusted EBITDA
@businesswire on 30 Mar 2020
“2019 consolidated Copper production of 39.0 million pounds a 17% increase, consolidated Silver production of 3.4 million ounces a 24% increase, consolidated Zinc production of 81.1 million pounds a 6% increase, consolidated Lead production of 35.5 million pounds a 28% increase, and consolidated Gold production of 11,632 ounces a 50% increase respectively, compared to 2018.”
https://www.sierrametals.com/investors/news-releases/news-release-details/2020/Sierra-Metals-Reports-2019-Consolidated-Financial-Results-Including-653-Million-of-Adjusted-EBITDA—Planned-Return-of-Capital-via-Substantial-Issuer-Bid-Is-Postponed-Due-to-COVID-19-Pandemic—Conference-Call-March-31-2020-at-1030-AM-EDT/default.aspx