Here’s how Dave is trading around upcoming drill results for juniors
With the larger gold miners trading hand in hand with the US markets Dave Erfle and I discuss how he is investing around drill results. We especially focus on the results that fail to wow the market. We all hold some of those companies…
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Jerry
BTW….Has anyone else had problems logging into KER….I have been trying for about two hours , & i jus get a banner saying…..Server not responding.
I told you about shooting yourself in the foot,,,,,,,, š
I think, bonzo , was asking as a “group”
The KERTONICS,,,,,
Or AK and the Sunshine Boyz
Tony, I also had trouble getting into KER this afternoon.
I’ll bet Jerry Lee is singing “39 and Holding” on YouTube today.
https://youtu.be/OMvr0RKbd7w?t=13
Ira’s metals
Tomorrow will probably be down as the bears use today’s backtest of broken support to press their luck. Whether they manage a new low or not, I am betting that they will run into some serious buying pressure and the smarter ones will hand off their shorts to emboldened retail bears.
https://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=2&mn=3&dy=0&id=p36588613035&a=630922644
Silver stopped at resistance today:
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=0&mn=7&dy=0&id=p15215211267&a=817810305
A big pitchfork marked the top for AEM the first week of August (as with others in the sector):
https://stockcharts.com/h-sc/ui?s=AEM&p=W&yr=6&mn=6&dy=0&id=p42442555783&a=722582722
Like GDM, for example:
https://stockcharts.com/h-sc/ui?s=%24GDM&p=W&yr=5&mn=11&dy=0&id=p55652708725&a=783806384
If the bears have more firepower than I am expecting, we could see the miners (HUI) drop 14% quickly (two days?):
https://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=1&mn=3&dy=0&id=p38623988545&a=702521099
I like the look of this SILJ chart. A lot of my silver miners look like they done declining IMO.
Silver is hanging onto an important speed line:
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=5&mn=10&dy=0&id=p12163912445&a=805794397
Matthew thanks for the charts,,,,,,,,
I think silver is ok,
I think gold is doing fine.
I think platinum is way of course……compared to Palladium
JMO
of to off
Gold update!
Since we last spoke remarkably my $1846 monthly red candle low for this month has held. A great call may I toot my horn š.. The key reversal came in after the presedential debate and what we have been seeing was nothing more than a bounce. All the ducks are lining up and on target. Today should point to a further low..
Tomorrow will be day 1 of October and as I mentioned with 100% accuracy that $1800 would be broken with patience. Tranche 3 is getting ready. Itās going to be a grind down into that timing zone I mentioned in October. Get ready folks once that bottom is in, the returns are going to be mind blowing!
Cheers
Glen
Got to say I was thinking my rose coloured glasses were looking good when gold was pushing $1900 making my short term range bound call very short term(a whole 2 days)….. I still don’t expect $1820 to get broken down before we finally get through the congestion and run to new highs but I’ve been wrong before ……just don’t tell my wife.
Wolf, gentlemenās secret lol regarding wife..
The target low I have had not been mentioned but a few have given the range. I personally donāt think we get to 1750 Garyās level but we will undercut $1800 to get the bulls to sell.. little bit of a final shake up..
Glen
Thanks for your update Glen. My portfolio is a mixed bag. Some look like they have already bottommed and some look like they could drop further.
Charles,
Some stocks could have already bottomed and others need to fall further. You know the game itās a matter of what your preference is and how much patience you have. I prefer fire sales and if I donāt get it Iām fine with it.
Cheers
Gotta love fire sales! If you see any LMK.
Thanks Glen!
Glen, I haven’t sold a thing and am awaiting the mindblowing turnaround. I have some dry powder to use once the team here on Ker starts calling a bottom.
Thanks for the pulse check.
Roth Capital analyst Joe Reagor resumed coverage of Americas Gold and Silver with a Buy rating and $3.75 price target.
https://thefly.com/landingPageNews.php?id=3167701&headline=USAS-Americas-Gold-and-Silver-resumed-with-a-Buy-at-Roth-Capital
Alliance Global Partners transferred coverage of McEwen Mining to analyst Jake Sekelsky, who has a Buy rating and $2 price target on the shares.
https://thefly.com/landingPageNews.php?id=3167094&headline=MUX-McEwen-Mining-transferred-with-a-Buy-at-Alliance-Global-Partners
It looks like the miners will probably finish down as I guessed they would last night but the action “behind the scenes” is quite good. SILJ is currently up 2.5% versus SLV and that bodes well for the miners when they launch their next intermediate move higher.
https://stockcharts.com/h-sc/ui?s=SILJ%3ASLV&p=D&yr=0&mn=9&dy=0&id=p72812019173
Well, today really stunk. I thought we might get a late day rally, but no such luck.
I think the low for gold is already in. I cannot see a further low in October.
Will NuLegacy hit pay dirt or drill a duster? Will Plugs Biden show up tonight?
Jerry Lee Lewis turns 85 today and Johnny Mathis turns 85 tomorrow! Who do you prefer, Doc, Matthew, Jerry, Al, cfs, and Tony? Jerry Lee or Johnny?