What matters more for the gold and silver prices… Yields or higher physical deliveries on the options market
Dave Erfle, Founder of The Junior Miner Junky joins me for a focus on the gold and silver markets. We start by comparing the recent bounce in gold, GDX and GDXJ. GDX actually made a lower low while the other two held the key November low. We also look to the options market with the expiration date this week. We are seeing higher than usual deliveries, but does this matter for price?
Click here to visit Dave’s site to follow along with the stocks he is investing in.
Pierre says we have a low in gold FWIW: https://kingworldnews.com/pierre-lassonde-broadcast-interview-available-now-2-32-2021/
Thanks , S.Dollar, I never look at KWN UNTIL Friday’s-Sat for the broadcast. So, not much of a kicker on USAS YET. ERIC Kings show isn’t the network it was 10-15 years ago. I guess after 2008 mid year metals decimation he had to go to work somewhere
It’s funny that anyone might have a hard time buying today.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=5&dy=0&id=p81262138163&a=903805792
Your chart says it a lot better than Pierre!
Don’t think we’re at bottom just yet. Getting closer. Think we could see 1740-50 test Gold and wouldn’t be surprised to see test 31.80 GDX. Nonetheless, getting closer and still witnessing some of the larger names continuing to grind lower.
Matthew, nice charts. I sold more RDS.B@39 today and then bought more ESKYF@1.84 and NFGFF@2.65. Anyone buying ELRRF today? Holy Toledo!
David Morgan’s David Smith on fire @ Arcadian Economics
David Smith is a sharp guy. This was posted on the KER weekend show blog, but since you mentioned him here, then this may be a good spot to repost it, in case anyone missed it.
David H. Smith: The Financial System Starting to Crack
Palisades Gold Radio – Feb 19, 2021
“Tom welcomes David H. Smith, Senior Analyst for The Morgan Report, back to the show.”
Time Stamp References:
0:00 – Intro
0:36 – Silver & Palladium
7:40 – Will Silver Break Gold Out
12:45 – Stages to silver’s rise
15:40 – Davos Meeting Basel III
17:40 – Digital Silver
18:45 – Physical Bullion & Premiums
20:07 – Blackrock & Big Money
21:57 – Miners & Leverage
28:12 – Bob Moriarty
32:50 – Australian Discoveries
36:52 – The Pareto Principle
40:43 – LODE Crypto Project
46:33 – 2020 Crisis & Gov’t
48:40 – Wrap Up
STATS: https://ibb.co/tLD32wD
Presentation slimmed from 12 to 8.
Additionally featured today is BitCoin:
GBTC: https://postimg.cc/n9BDPF9L
“Peoples’ Choice” has Topped for now.
(Perfection is rare. Please use stops.)
Bargain day today in mining shares…..
Most everything on sale.