As PMs continue to consolidate we finally have some drill results from the Golden Triangle through Scottie Resources
Dave Erfle joins me today with a quick comment on the charts of gold, silver and GDX. We then look to a round of drill results from Scottie Resources in the Golden Triangle. Headline numbers were impressive, 109g/t gold and 32g/t silver over 2.5 meters, however the stock has not popped higher on these. We discuss why that is happening.
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Scottie drills 2.53 m of 109.4 g/t Au at O zone
2020-10-06 08:00 ET – News Release
Mr. Bradley Rourke reports
SCOTTIE RESOURCES REPORTS INITIAL DRILL RESULTS, INCLUDING 109.4 G/T GOLD AND 32.4 G/T SILVER OVER 2.53 METRES ON O-ZONE TARGET
Benchmark drills 30.63 m of 3.39 g/t AuEq at Lawyers
2020-10-06 06:18 ET – News Release
Mr. John Williamson reports
BENCHMARK DRILLS 30.63 METRES OF 3.39 G/T GOLD EQUIVALENT AND EXTENDS MINERALIZATION TO >300 METRES DEPTH AT CLIFF CREEK ZONE
Benchmark Metals Inc. has released new results from the continuing drilling at Cliff Creek where multiple holes intersected broad zones of significant bulk-tonnage mineralization below all previous drilling, confirming the mineralizing system remains strong and open at depth. The Cliff Creek zone is currently the largest mineralized area on the Lawyers project, extending for over 1.2 kilometres on strike with mineralization beginning at surface. Benchmark’s flagship Lawyers gold-silver project is located in a road-accessible area of the Golden Horseshoe in north-central British Columbia, Canada.
Trillium drills 7.05 m of 15.41 g/t Au at Newman Todd
2020-10-06 09:58 ET – News Release
Mr. Russell Starr reports
TRILLIUM GOLD INTERSECTS 15.41 GRAMS PER TONNE GOLD OVER 7.05M AT NEWMAN TODD
Trillium Gold Mines Inc.’s assay results have been received from the first four holes of its recent 3,186-metre drill program on the Newman Todd property. The early success of the program, prior to the receipt of the assays for the remaining holes has provided enough encouragement to restart drilling, expected to commence shortly. (RED LAKE)
So much for more stimulus before the election! https://www.marketwatch.com/story/trump-calls-off-coronavirus-stimulus-talks-until-after-election-2020-10-06?mod=home-page
That is a good one….Stimulus Delay……
What the heck , really does not mean anything to the common man…
THE USA,INC., will just print for anyone of their friends….the MICC, has already stole so much, they are satisfied till next year…….What A JOKE, the entire Sh** Show is a JOKE.
It is always ONE MORE ELECTION……..LOL…….. 🙂
David….Thanks for joining the blog…Most of the guests NEVER do.
Ditto…….agree…….Hello Irish…….
Can somebody send this to CNN , i am not sure how to . Get their heads popping…lol
https://twitter.com/i/status/1313418899996766208
ha,ha……..that is a good one…….
Hi Jerry…..I wonder if TUCKER C , would use it on his show , if someone sent it to him.
I do not know……..it is a good one, if, I had a way to send it, I WOULD……
Wonderful Willie Don Wonka!
Hey Guys!
Thanks to all the contributors 🙌
Gold update
Nothing has changed and the reversal seems to be on its way..Timing band continues to be the same. Week of the 16th or 23 for final low. At least I think I’m this ball bark.
$1800 I’m confident will be broken. 3rd tranche in the wait..
Glen
Thanks Glen, for the wake up call…….. 🙂
Jerry your always a gentlemen and don’t think for one second I’m not reading your post early morning with my black Jamaican coffee and one fourth teaspoon of organic coconut oil.
To all the folks please don’t think I’m ultra bearish.. We are very close is what I think. Maybe Matt can chime in with his world class charts and show us what “if” I’m right and $1800 gives what reversal or technical number will hold..
As stated i have my number and I will share very soon!
Glen
Glen,
$1800, is like going back and retracing steps, which I always hate to do….
But, if, we need to satisfy the chartist with the $1800, ok with me,….
Way better than $1307………lol…… 🙂
If a new low happens, watch 1838. If that doesn’t hold, I bet 1810-ish will. The picture remains bearish but this correction has been deep enough and is old enough that a low could happen at any time. The miners will probably gap lower when the market opens but I wouldn’t be surprised they still finish the day higher. Tuesday’s plunge was driven by a lack of buyers more than the presence of many sellers.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=0&id=p46755162144
This is a worthwhile read…………where we were and ….you can guess where we are going….any Baby Boomer should get a wake up call…..maybe…. 🙂
https://www.zerohedge.com/markets/financialization-road-zero-part-3-financialization-breakdown
As long as the U.S. does NOT print faster than other major countries, it CAN kick the can down the road for a long time.
Kicking the can, is not going to help the majority……..in the end……..
The Sheeple are TOAST…………Manufacturing is NOT COMING BACK……you should read the 4 part article……..As Long as there are CENTRAL BANKERS, the only one who wins is the CENTRAL BANK….
One BIG PLAN………and it does not include the sheeple……..
Central banks are just the technicans who do what they are told. The real culprit are the illuminati “elites” who have been running the show for centuries. They are diabolicaly cunning, to say the least
Well, I can not disagree with that Norrareal 1968……..
When you use the word “illuninati” it kind of scares people who have not done their homework…..but, I get exactly what you are saying, and thanks for saying it…..
Well, we should be calling them the evil cabal destroying mankind. That is actually a lot more appropriate. One thing is for certain, their evilness is not of this world
Ditto…..agree 100%…..on that one…..Norrareal1968
Norrareal1968, it’s important to recognize that their destruction of mankind would not be possible without the consent of the incredibly ignorant masses that see only what they want to.
“The average man does not want to be free. He simply wants to be safe.”
— H.L. Mencken
I would add to the above that the average person hardly knows right from wrong and only pretends to from time to time for vague but self-serving reasons.
Matthew, absolutely agree. The evil elites have falsified history. They’ve made us accept lies as truth, substituted right for wrong, evil for good, etc
You never have understood the Jubilee would not be for the little people.
You never believe that there was going to be a JUBILEE……if, my memory serves me correctly….. :)….
Hopeful thinking, going after the MIC…..go after the Root,not the branches……..
Damn twitter.
This was a good one.
https://www.theblaze.com/news/twitter-removes-trump-campaign-49ers-video
Nothing’s ever lost on the internet:
https://www.standard.co.uk/news/world/trump-campaign-video-meme-scoring-goal-eagles-a4564216.html
Wait….it is really slow to load
I assume Trump killed the markets today.
I was reading the press release the DOJ put out on JP Morgan having to pay a$920 million fine. At the end of the article, they indicated that if you believe you are a victim of JPM metals market and Forex manipulation, send the DOJ Criminal Fraud Section Victim Witness website and make a claim. I wrote a six page letter to them asking for several million dollars with an explanation. What’s the chances…I thought they needed to know the impact of Manipulation. I told them.
I think it is a Trick, to see how much gold and silver you have outside the system….
American sheeple, are sure not going to get a dime…from anything from the DOJ scammers……jmo
OOTB:
Yeah… not a dime. But, I will probably get my third audit…they lost the first two.I figured that I would do the right thing and try to point out the lack of criminal prosecution in favor of civil fines against the corporate person left the real victims of manipulation (those of us on the other side of the trade), without restitution at the hands of corruption.
Well…….at least you are trying…… 🙂
Wrote a response that was removed. Obviously someone doesn’t have a good grasp on corruption.
One has to be a complete moron at this juncture …..If, they think we have a fair system.
Groper Biden will give lots to the masses:
I’m still in cash the trend is not your friend right now. Peeps got to way bullish and then Buffett bought lol
Only bad, if you bought at the top………….No one is going to time this market in PMs
Just not how it is played……
Stock insiders, can sniff out a deal……..with boots on the ground…….. 🙂
OOTB
Buy and mold is not my thing.
I always like to harvest some and a huge bonus when it goes back on sale.
I hate to give my account the extra work, and pay that it takes to harvest….. lol 🙂
account……to accountant…..sorry…
Anyway……it is a little harder to buy in and out, of PHYZ…….
Bill…BTW….nothing wrong with your game plan…….as long as it works for you… 🙂
Lol
Mines in RSP so if i buy back in on EDR now im up anther 50k if we return to old highs.
Kept more in my cash acct.
Ya Phyz I sit on. Its out of sight too.
John H……..KWN………….
My colleague John Hathaway, Senior Portfolio Manager, recommends: “Avoid getting caught up in short-term timing decisions; gold pullbacks should be bought.”
Just in case anyone wants to read……
https://kingworldnews.com/btfd-the-fed-put-now-applies-to-gold/
Even if, gold ends right here ……….gold has been good……….
Vizsla drills 15.3 m of 449 g/t AgEq at Panuco
2020-10-06 06:12 ET – News Release
Mr. Michael Konnert reports
VIZSLA EXPANDS NAPOLEON WITH MULTIPLE HIGH-GRADE INTERCEPTS AT PANUCO PROJECT, MEXICO
Vizsla Resources Corp. has provided results from 16 new holes at the Napoleon prospect at the Panuco silver-gold project in Mexico. These results expand the discovery to the south and at depth where it remains open beneath wide intercepts.