What is your take on this technicians cycle approach and where he sees Silver approaching it’s Daily Cycle Low?

norvast @ColinSt30481392 on Twitter:

“Silver is unlikely to print a DCL until day 47+ or mid-late next week as you can see it prints daily cycles 47-55 calendar days low-low. It has broken the 10 day MA and daily inclining trend line & is now in decline until it hosts a DCL”

https://twitter.com/ColinSt30481392/status/1256197793707773952

It looks like a fine approach but I’d like to know how often a DCL happens before day 47. Is it 5% of the time? 10%? Never?

Yeah, I’ve only followed a few folks that used a cycles process, like Gary Savage, but don’t know how often the DCL happens before the mid-point in the timing “left-translated” or after the mid-point “right-translated.”

I just thought it was interesting he felt Silver may put in a short term bottom the middle of next week, which kind of lined up with the discussion we were having.

The Hedgeless Horseman, you said if gold goes down. I’m not even concerned about it whatsoever. All the risk is in debt based fiat currencies especially the DYX has a synthetic artificial short against it. Read my comments below because no one really understands what the outcomes going to be the emperor is really wearing no clothes at all. The entire gold space is on sale especially the junior minors. I’m all in with everything and all my positions are completely paid for so unless these Junior miners go bankrupt and disappear I have no plans on selling no matter what prices they print including AU.

Josey:

Gotcha. I thought you meant the ticker AU (Aurion) which made me think you were mad because I didn’t mention it or something. My bad, apologies. Yes, physical AU is the only real safe harbour in the storm. Everything else is speculation to different degrees. Best regards

The Hedgeless Horseman, your comments are well-received apparently AU is a Canadian listed symbol. No apologies in order I’ll assume the responsibility because I should have been more specific. When I feel like stacking I’m out visiting several coin dealers these guys have been around the business forever. All I receive is blank looks I’m very cordial I mention AU or Old Yeller they don’t have any idea what I’m talking about. They don’t understand the Dynamics of the market either retail investors are few and far between. So we know who’s buying and supporting the market and like I said follow the money. Not only that these guys are like visiting the IRS office. When it comes to privacy they go far and beyond they want you on the red list. I could keep going and probably never stop how this society has totally capitulated to The Establishment. I’ll keep pressing on even so because it might come in very handy one day to get me out of real bad situation like in World War II those who escaped to safer countries used their AU saving their lives and family. All the very best my apologies for the misunderstanding.

It was the reverse kind of exploration success, a more narrow intercept but incredibly high grade gold. Normally that kind of headline gets more attention due to the grade, but long low grade intercepts can be profitable too as most of the heap leach projects are less then 1 g/t gold but there has to be a lot of disseminated gold to justify the open pit. However, with underground mining, it is much more expensive so having high grade is a requirement.

Regardless, nice to see some good results from a few companies doing the good work.

Balmoral looks good. I may add to Wallbridge as looks like they will take over Balmoral.

Yes, it is looking like the transaction will go through where Wallbridge takes over Balmoral. I owned Balmoral and sold out initially when the news broke, and considered getting back in BAR for the arbitrage trade that existed at one point, but now I’m considering just getting into Wallbridge and waiting for them to finish taking over Balmoral.

Ironically, Balmoral spun out their land package to Wallbridge that became the successful Fenelon project, and now Wallbridge is buying Balmoral for all the surrounding land they have there and near the Detour Gold mine that Kirkland Lake just bought.

It’s a very mineral rich system there and after the Detour Gold news broke, both Wallbridge and Balmoral hit the limelight again as well. It is interesting that what got me into Balmoral was interest in their Grasset Nickel project, which I believe they’ll likely spin out into a new company or sell post merger.

Yes, that is par for the course with open pit heap leach mines.

Most of the big Gold projects in Nevada are .40 -.60 g/t Gold, and they are quite economical. Compared to high grade underground mining in Canada where the norm is 4 – 7+ g/t Gold those kinds of news releases are often misunderstood by investors that only chase high grade.

Minera Alamos has 2 different projects going into production, the small one first to start generating revenues, and then the larger mine second.

I’ve been invested for some time, but think the world of Doug Ramshaw the president and director and feel he is one of the most humble, level-headed, and transparent company executives in the business. I also have a lot of respect for their CEO Darren Koningen, who proved his metal with Castle Gold that Argonaut bought. I’m also a big fan of (AR) Argonaut still to this day.

Minera Alamos got their La Fortuna project from Argonaut a few years back, and then later acquired Corex Gold where they got their Santana project, and that is where Doug came into the picture to work with Darren.

As a kicker Osisko Gold Royalties came in to support Minera Alamos with financing and as a strategic investor, so they have access to their specialized knowledge as well.

I’m very confident in their projects moving forward into production as a result, and if Argonaut didn’t already have so many great development projects in the works, I’d have pegged them as a suitor to takeover MAI, and maybe they still will further down the road, once they get their mines up and producing.

Here is an encouraging comment from $RIO CEO Alex Black on the recent drill results from $MAI Minera Alamos:

Alex Black @Rio2Limited on Twitter:

“I think the market is missing the significance of these drilling results.
As an experienced gold heap leach miner, all I can say is that these results are SPECTACULAR!!”

“Fenix Gold Project has similar drill results and it has 5m oz of M&I and 1.4m oz of Inf.”

https://twitter.com/BlackAlex58/status/1256246197515423744?s=20