Gold and Mining Companies
Click download link to listen on this device: Download Show
- Segment 1: Rick Rule from Sprott Global chats about the future of resources stocks.
- Segment 2: Sean Brodrick from The Oxford Club takes a look into the cyber security industry.
- Segment 3: CFO of Falco Resources Vincent Metcalfe outlines the Company’s plans for this year.
- Segment 4: Traders corner starts off with Marshall Berol and Richard Postma, AKA Doc, on key aspects to look at mining companies.
- Segment 5: The Gold and Oil Guy Chris Vermuelen breaks down gold and oil with his technicals.
- Segment 6: John Kaiser of Kaiser Research Online discusses CanAlaska Uranium and the lithium sector.
- Segment 7: Chris Temple of The National Investor outlines us on what investors should be watching for the BRIC countries.
- Segment 8: Jeff Christian from CPM Group looks at negative interest rates in terms of gold.
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
I am trying to explain negative interest rates to my 85 year old mom.
Simple, you pay the bank to keep your money!
She did not want any part of that.
Ordinarily we should pay the bank to keep our money. But, that’s only if banks were honest and didn’t claim that your money was safe and not in two places at the same time — both loaned out to someone at risk and safe in the vault.
Great point cmc
OFF TOPIC:
Specially prepared for the next false flag:
Now you can’t always believe what you see with your own eyes!
Palisade – Sprott Monthly Market Update with Rick Rule: Rick’s Three Key Ingredients for a 100-Bagger In This Bull Market
by Collin Kettell on April 10, 2016
Interesting thoughts from Rick Rule on using Private Placements and Warrants to enter into good projects.
Rick and Collin had a nice chat about Optionality, Midas Gold, and how sometimes the better strategy is doing nothing and not moving a project forward. They also discussed optionality plays like International Tower Hill and Exeter Resources and what they can do to become more attractive to investors.
Worth the watch/listen.
They also discuss Seabridge Gold as a large optionality play.
Agreed. This weeks show is particularly stacked with awesome speakers and pundits. A very nice group of great thinkers.
One of the best weekend shows in a while. Great work Big Al & Cory! Thanks.
Rick Rule is one of my favorite speakers and I have all the respect in the world for his experience, knowledge and guidance. However, I take everything and expert says with a grain of salt.
As for the Lithium space I’d beg to differ on a few points, but do agree that 80% of the companies jumping on board the trend are marketing fluff and sham. However, there are legitimate companies in the space that have weathered the storm and are moving into production. So like in the JR explorers it is crucial to separate the real companies from the nonsense. I’m going to re-post what I wrote to CFS late last night.
___________________________________________________________________________
I’ve been following the Lithium space since about 2011 and caught part of the last bubble, but it was a much different space back then and a lot of the hot air left when the sector got decimated. (I would add that lot of hot air has also returned 🙂 )
When you see companies switch from rare earths over to lithium or graphite switching over to lithium then they are just the trend followers and will likely switch camps again. (stay away from those) It is like when many of the JR gold miners switched over to pot stocks and biotech when the air went out of the balloon.
Many of the surviving companies have merged with 2 or 3 other other companies, and gotten their permits, and are finally developing REAL projects.
Where I would disagree with Rick Rule’s sweeping comment that the Lithium space is a sham is that the market has also seen Lithium companies finally make it into PRODUCTION to prove it is not just hype or a dream.
– Talison Lithium went into production first and I held it back in 2012 and 2013 before it got taken private. I did very well on Talison Lithium, and they are still producing so they were not a sham.
– Next came along Orocobre (OROCF), and when they made it into production last year, then that really got the wheels turning. Orocobre continues to expand production, is a viable company and is not a sham.
– Now this month Galaxy Resources ((GALXF) has just gone into commercial production {obviously not a sham}. I have been investing in Galaxy for years now, so it is nice to see the marketplace finally assigning some value to these producing mines.
* Galaxy resources built the most advanced Lithium processing facility and Battery Plant in the world. Unfortunately they developed it in 2012-2013 when the Lithium market fell apart, they had an employeed death right after turning on the plant, and that tragedy shut them down for too long, and they ran into financial issues as a result.
So in 2014 Galaxy Resources announced that they were selling the Jiangsu Lithium Carbonate plant in China to Sichuan Tianqi Lithium Industries Inc and wrapped that transaction up in 2015. Once they had the money from that sale they have focused on their assets acquired from Lithium One and now they are in production. That is a real success story, and I would disagree greatly that they are a “sham”.
Lithium Americas (LACDF) (previously Western Lithium) – If SQM (Sociedad Quimica y Minera de Chile SA) is doing this 50/50 JV with them, then I have to believe they are eyeballing Lithium Americas for a potential takeover down the road. SQM is one of the 3 primary producers of Lithium on Planet Earth, so I HIGHLY DOUBT that they would partner up with a “Sham.”
In addition, Lithium Americas currently produces lithium carbonate and Organoclay Hectatone for industrial and commercial purposes and has revenues being generated. So obviously, not a sham.
– Pure Energy Minerals, Lithium X, and Nemaska Lithium are all next on the path to production, and have legitimate projects, offtake agreements being forged. The rest of the sector is much more suspect though…..
As for the LITHIUM DEMAND – these stocks will be supplying the ever burgeoning battery markets and energy storage markets, so there is much more upside for Lithium demand than analysts even have accurate models for. They tend to get fixated on electric cars & electric trucks, but they neglect to cover the huge impact backup batteries have on storing Solar & Wind power, or the smartphone/laptop/tablet marketplace, or airlines, or tow-motors and forklifts in warehousing, and on and on….
As a result, I still don’t feel some of these stocks are even 5-10 times what they will be in 2-3 years. I already have a 7 bagger in Galaxy Resources and it has much further to run and is just starting to stretch its legs. I anticipate Lithium Americas going up multiple fold in the next few years, and we may be short-term overbought, but we’re nowhere close to parabolic yet.
__________________________________________________________________________
Here’s a Composite Bar Chart of some of the Lithium Companies:
Lithium X, Galaxy Resources, Lithium Amercias Corp, Nemaska Lithium, Houston Lake Mining, Critical Elements Corp, Orocobre Ltd, Pure Energy Minerals, Dajin Resources, Bacanora Minerals.
That was the 3 month composite chart up above. ^
CHECK OUT this 6 month Lithium Miners Composite Bar Chart
It will blow your mind!! So CFS, Lithium Americas has plenty of room to run here. Also, as much as Galaxy has gone up, I expect it to go up about 5 times higher from where it is at today. They just went into production this month for goodness sake.
Lithium X – up 2338 % in 6 months (they insinuate they’ll supply the Tesla gigafactory)
Galaxy Resources – up 1200 % in 6 months (just made it into production)
Nemaska Lithium – Up 256 % in 6 months (fantastic development project)
Lithium Americas Corp – Up 172 % in 6 months (producing organoclay and 50/50 JV with one of the biggest Lithium producers on the planet)
Houston Lake Mining – Up 113 % in 6 months (nice drill results, multiple commodities)
Orocobre Ltd – Up 100% in 6 months (is a current producer – derisked – growing)
For those following the “Real” companies in the Lithium space – Galaxy Resources just made it to commercial production which is a huge milestone for any miner:
_________________________________________________________________________
LITHIUM CONCENTRATE PRODUCTION COMMENCES AT MT CATTLIN
Australia – April 1, 2016
Highlights
▪ Galaxy receives Production Commencement Notice from General Mining dated 31 March 2016
▪ Mining and processing has now commenced at Mt Cattlin
▪ Formal transfer of 14% equity stake in Mt Cattlin to General Mining to occur in April
▪ Mt Cattlin now the only new hard rock lithium mine to come into production globally
▪ Spodumene continues to play a critical role in feeding the growing lithium sector in China
http://www.galaxylithium.com/media/announcements/4366rv115j4ycm.pdf
Lithium Americas Corp – Corporate Presentation:
John Kaiser is also someone I respect a great deal, he is a great stock picker, has a great deal of knowledge in the mining space, and a fantastic economic mind.
Having said that, once again, people got fixated on the electric car market in the Lithium discussion, which shows they don’t fully understand the demand picture.
As for the LITHIUM DEMAND – First of all, about 25% of the Lithium demand is for ceramics (which I rarely hear anyone discuss). However the vision on these stocks is that they will be supplying the ever burgeoning battery markets and energy storage markets, so there is much more upside for Lithium demand than analysts even have accurate models for.
Analysts that don’t fully understand the Lithium picture tend to get fixated on electric cars & electric trucks, but they NEGLECT to cover the HUGE IMPACT OF BACKUP BATTERIES for storing Solar & Wind base load power, or corporations that are starting to operate using BACK UP POWER and this means a growing Lithium demand. Then there is the entire developing world that will want smartphones/laptops/tablets/remote control cars, planes, helicopters, and drones. Then there is the Lithium batteries being utilized in the airline industries, or for powering tow-motors and forklifts in warehousing, and on and on….
Lithium demand has a number of growth stories besides just electric cars, and as long as people are asleep at the wheel and dismiss the real companies that are going into production, then that just makes the opportunity that much better. Maybe in 2-3 when some of the stocks are about 5 times higher they’ll get in at the top. 🙂
Excelsior, Great points. Thanks for your list as well. I have been thinking about lithium for years but haven’t found a good one. I am a very conservative guy and usually not in money losing juniors.
There is some great Demand and Supply stats in this presentation. I highly recommend people that mistakenly think the Lithium market is only focused on electric cars, do a little homework and educate themselves on the Lithium marketplace. (TIP: CHECK OUT PAGES 4-8)
_______________________________________________________________________
Pure Energy Minerals – Corporate Presentation:
Thanks Dragonite. Well not all Lithium companies are created equal, but hopefully people realize that not all Gold explorers or producers are create equal either.
I have done my very best to provide regular updates on this space and have included the good companies in the composite charts. I will admit that while Lithium X has a good deposit, that I’m skeptical of their claims and hype.
I feel incredibly comfortable recommending Orocobre, Galaxy Resources, or Lithium Americas Corp. Orocobre and Galaxy are new Lithium producers, and Lithium Americas Corp is producing organoclays, but will be producing Lithium and Phosphates in the very near future with their partner SQM.
I feel very confident in Pure Energy Minerals and Nemaska Lithum as development companies that will make it into production.
You can look at the charts above for a few other companies showing promise.
Good luck in your investing!
For people interested in the Lithium space and that want a real understanding of the supply demand fundamentals check out pages 4-6 on this presentation:
_________________________________________________________________________
Orocobre LTD – Corprate Presentation:
http://www.orocobre.com/PDF/Pres16Mar16_Hydrominex_SaltLakesPresentation.pdf
In addition to the presentations above (which all have good supply demand info), also check out pages 5-7 for Lithium stats. {also on pg 8 I realize there is another small lithium producer in Australia General Mining, that I’m unfamiliar with. That’s another value in reviewing corporate presentations – the peer comparisons}
__________________________________________________________________________
Galaxy Resources Corporate Presentation:
http://www.galaxyresources.com.au/media/announcements/435z8p3nybmjyk.pdf
Last one on Lithium for this weekend. Check out Pages 5- 11 for more stats on Lithium supply demand, the marketplace, and the main producers at present:
_________________________________________________________________________
Nemaska Lithium – Corporate Presentation:
Thanks for all your comments regarding this sector Excelsior
Thanks Big Al.
I only hope Rick Rule and John Kaiser read some of those corporate presentations to get a better idea of the supply demand metrics, value drivers, and make a note that there are “real” companies in the Lithium sector and that not all of them are a sham.
I finally realize why I missed General Mining on the Lithium producers. They are the ones with a 14% stake in Galaxy Resources production. That makes more sense now.
Ex, nice summary but I couldn’t help notice you forgot that the army of robots will need lithium batteries to keep going and they will be working everywhere including the lithium mines. LOL! DT
Good point DT. Nice one!
More news breaking this morning on Lithium Americas…….
Lithium Americas’ Hectatone Subsidiary Enters Into Strategic Alliance with TOLSA
RENO, NEVADA–(Marketwired – April 11, 2016)
A few of the Lithium stocks have had nice moves again today:
Lithium Americas Corp. (LACDF)
0.65 Up 0.06(9.41%) 1:44PM EDT
Galaxy Resources Limited (GALXF)
0.28 Up 0.02(9.23%) 1:51PM EDT
Nemaska Lithium Inc. (NMKEF)
0.92 Up 0.13(16.95%) 2:00PM EDT
Pure Energy Minerals Limited (HMGLF)
0.61 Up 0.03(4.82%) 2:01PM EDT
Orocobre Limited (OROCF)
2.6077 Up +0.0277(+1.07%) OTC (it was up close to 10% earlier, but fell back)
Thanks, Ex.
I usually go back and re-check postings after most folks have stopped adding comments; sometimes to add new comments, often to make sure I didn’t miss something. The great thing about Kereport is that it is relatively free of pump and dumpers or scammers.
I don’t personally use charts much, except perhaps for timing. I prefer to examine fundamentals, in the belief that sooner or later they win out, but it is hard work reading the amount I have to, when I have the time.
Thanks for the comment about pumper and dumpers!
Glad to share CFS. I appreciate all the stocks and ideas you share as well sir.
Will Demand for Tesla’s Model 3 Overwhelm The Electricity Grid?
Fri, Apr 8, 2016 – 11:40 AM
With the increasing demand of the Tesla Model 3, and a growing number of electric cars on the road, will electricity grids beyond their limits? BNN’s Jameson Berkow reports.
Cory – Do you not read the blog? Just curious.
I’ve posted on Golden Queen about 2 dozen times, and let KER readers know (on multiple posts) way before they went into production. I was telling readers it was worth acquiring when it was trading in the $.50-$.60 range and today it is at $1.48. Golden queen has been about a 3 bagger so far, and it was telegraphed through the whole process here on KER.
I brought up Golden Queen as one of John Doody’s top 10 GSA picks in 2015, posted videos of him discussing them, posted Golden Queen press releases, and told everyone they were a development company going into production soon. Then they went into to production and we discussed that as a big success story like True Gold, Asanko, and Torex Gold.
There was PLENTY of time for investors to get on this train before it started chugging, but of course they had to take action on the information while it was timely.
Here is the Golden Queen chart using (GQMNF):
http://stockcharts.com/h-sc/ui?s=GQMNF&p=D&b=5&g=0&id=p06024206064
I just thought it was very amusing when you told Marshall you had never even heard of Golden Queen Mining Co. Ltd. (GQMNF). I’d recommend reading the KER Blog.
Cheers!
Happen to read that post Ex. Good one, I got a giggle.
You would think Al and Cory would read the blog, I have suspected for awhile (as far back as HH) they are not regular readers.
They asked some time ago about companies to cover people were interested in, I mentioned Silver corp as the story is pretty neat, intrigue etc.
They didnt discuss it for some reason but its not too bad. maybe due to the criminal element? Anyway, as lots have been good Silvercorp has about tripled since I mentioned it.
No big deal tho, alot of companies have done well lately, most actually.
Hard to miss in the last few months, kind of market I need, the kind ya just gotta be in to win. lol
Agreed b. It’s just a shame because there are so many great ideas and stocks discussed on this blog. I think Big Al reads some of the blog, but we don’t see Cory on here as often. As you know I love the guys, but when you say you’ve never heard of a company like Golden Queen, when there have been dozens of posts highlighting them specifically via long-winded discussions, videos, and press releases and they show up on some of the lists of small producers, then one must draw the conclusion that they’re just skimming. It’s fine, there’s a ton of content on here all the time. It just tickled my funnybone is all. 🙂
Yes b, I remember you asking about Silvercorp, and I seconded that motion because it has been one of my largest Silver positions. It has done fantastic!
I have to actually tip my hat to Dragonite for pointing out to me the size of the their production operations in China, their incredibly low AISC, and that conspiracy theories had driven down their stock price even harder than other Silver producers. When I went and reviewed things I started buying like a madman. I added the majority of my shares from Jan 21st – Feb 10th from $.0444 – $.059.
Silvercorp Metals Inc. (SVMLF)
1.69 Up 0.09(5.63%) Apr 8, 3:59PM EDT
LPG – as follow up to our discussion earlier this week, Silvercorp is also one of the companies where I “Averaged Up” and this rose my overall cost basis, but I felt it was worth the candle. So far it has been on a tear, so a pullback from here wouldn’t surprise me at this point.
Your on a dif market than I am, svm low on the tsx was .60 cents.
First time I bought it, they were $4.50, I rode it to about $15.
Silvercorp is a really neat story, which is why I suggested them.
Someone shorted the heck out of it then started the rumor they were dishonust and not producing what they claimed yadda yadda.
Was a great move I thought, nothing illegal about shorting, slander maybe but not shorting. They made a forune.
Anyway, it was just one example as to how the criminal element works in the industry, which is why I thought they didnt discuss it.
Criminality might not be a “fun” conversation when ya make ur living from the industry. lol
Since then, they have bought back shares, they down to about 150 mil I think, or will be shortly, they also are off the American market, so its still a neat story.
Someone could write a book. imo Al/Cory miss an opportunity.
Stories like that have excellent marketing potential. imo
Yes, I still think it was a good recommendation you had b.
Also, that is what I was referring to as the conspiracy theory side of the Silvercorp story. When I looked into at the end of last year, and early part of this year, my sites were on their mines, their cost, their revenues, and their growth profile. I just couldn’t believe how much the stock had sold off, and I had posted on KER a few times pointing out this huge value gap. I pulled the trigger and said, screw it, I’m buying. 🙂
About a month or two ago Brian was asking me what my favorite Silver stocks were (besides the ones we had covered in depth Americas Silver Corp, Alexco, Impact Silver, and Avino Silver & Gold) I gave him 2 answers: For the most speculative, I picked Nicola Mining (and my position is up nicely since that time, but it hasn’t taken off yet). For the small producers my #1 pick was Silvercorp. It has not disappointed.
Thanks b – good comments. Are you still liking Minco these days?
I have around 10,000 svm shares on tsx. It is the only pm stock I failed to sell in 2011. But i had only 900 back then. I liked it too much and emotionally attached, a big mistake. Later the muddy water thing showed up and people treated it as fraud. I started accumulating again since I felt it was not a fraud. Later silver price nose dived and carried svm with it. I just liked their financials a lot and keep adding. The lowest 1000 I had is 65 cents. Now I put it up for sale for 2.35. I think it is a very clean company and will survive the turmoil.
Dragonite – THANK YOU so much for the heads up. I made a small fortune on Silvercorp the first quarter, and I appreciate your posts man. I had dismissed it until you made me take another look. Hopefully one day I can repay the favor. (maybe with Ur-Energy 🙂 )
B,
I read the blog daily. I currently do not post as much as I have in the past because of time constraints with health issues. That is rapidly changing so, thank God, lol for more participation from me from now on.
EX, I think dif than you do.
Yes I like Minco, its undervalued, especially if the silver price increases. But there are HOARDS of undervalued companies out here.
Any company that has survived this bear with a modicum of cash will do just fine.
The returns will be much better than people get from banks.
Personally, I want 100s of % but alot of people will be happy with say 25% per year, and thats gonna be just about a givin anywhere in the space.
Yep, there are hoards of undervalued companies out there now. I believe that will soon change.
Ex, your list of lithium companies is going to help me. I will go through them and hope I can pick a couple to buy in the summer.
Well I do like the hunt for bigger returns, but do agree with you that most of the survivors have legitimate projects and people will do fine to just start accumulating positions in some of them. However, I feel if people aren’t going to look for the bigger gains that they’ll be safer with the ETFs to spread the risk amongst a basket of companies and let someone else manage it.
Thanks Dragonite. The only one that worries me on the ones I posted above is Lithium X, but they have a lot of momentum. The other 5 I mentioned and posted corporate presentations for are the one’s I’d point any investor to interested in exposure to the sector.
Ex, I don’t buy stock with name ended with X. It reminds me of Bre-X. 🙂 . Somehow anyone with X at the end is easy to catch speculation.
Very interesting observation, Dragonite.
I like Minco Gold MGH and Minco Silver, MISVF, and wonder why they have not moved yet.
I sometimes think perhaps it is because for minco silver they are mining in China and may have problems with having to sell to China and in getting any profits out to pay dividends in the future.
But the latter is a problem for any company with business inside China.
CFS, I am not sure I am right or not. I feel Minco is more focused on financial deals and SilverCorp is focused on production. I like the ones who actually have with their hands dirty.
Yes Silvercorp is more focused on production in China, while Minco is still finishing getting permitted and is in development stages. However once they start producing they anticipate very low costs. I’m a shareholder of Silvercorp but not Minco at this point. Just watching their journey develop.
Here’s the Minco corporate presentation for anyone interested in quick overview:
http://www.mincosilver.ca/i/pdf/MSV-Presentation-April-Current.pdf
Excelsior, I used to own Minco before 2008 (?). However, I noticed that the leaders started hyping their stock by announcing deals instead of carrying out what they promised to shareholders. In China, this is a bad sign. A lot of gamblers chase after these guys thinking they can get out before others and they actively avoid good guys like SiverCorp， since they feel people like Feng Rui are too honest to hype their stocks and make big bucks for them. One of my rich friends who have been doing a lot shitty deals told me never buy his stocks because they will all end up de-listed. Chinese market is actually strictly monitored and these bad companies cannot be listed. However, these dealers saw a great opportunity to list junks in US and call them China concept stocks. The Chinese stocks listed on OTC and Nasdaq are mostly weeds. I am not sure Minco is among these crowd but after 10 years, SilverCorp got two solid mines and Minco does not have any yet. They started more or less same time. Just my suspicion, no proof yet.
I tend to agree Dragonite. That is why I took a nice position in Silvercorp, but not Minco.
However, things change over time, and I’m curious to see how Minco develops, so I’m at least following their story for progress.
Of course Cory reads the blog. As it has turned out, I just do most of the comments from this enf?
Haven’t followed (unfortunately) your thoughts on Golden Queen. Simply too many good stories out there but I love the name. Golden Queen is my favorite, heirloom tomato that I’ve grown for about 10-11 years. Hope your mine is as delicious for you as my tomato is for us.
Hey Silverdollar. I agree that there really are too many great stories out there to follow them all. Yes, the gains have been delicious like a ripe tomato. I just wish more KER peeps would have been able to have cashed in on it before they went into production. I’ve actually reduced my position substantially now and am looking at other near term producers and some unloved smaller producers that should come into the limelight next.
There were several stocks that were talked about in February or early March as about to go parabolic. Golden Queen was one. I think I brought up Barkerville Gold,BGM.V. then GSV and RIC were also mentioned.
On redflection I think it was Balmoral BAMLF not barkerville, because I commented on how overbought it was and someone commented stocks can be overbought for weeks and still go up.
Yes I remember those comments. I was first turned onto the trail of Golden Queen in Feb of 2015 because they were featured as a near-term production company along with Torex and Romarco, at his GSA conference. Those were 3 of his Top Picks from last year, and on researching them, and seeing their progress on development, I started discussing all 3 regularly, and then one by one they went into production and their stock shot up, but I wouldn’t say any of them went parabolic. I would say the companies got re-rated but still have very bright futures (well Romarcos bright future has now merged with OceanaGold). In contrast, a parabolic move goes straight up into over-valuation and then crashes back down because there is so much downside. I just don’t anticipate that much downside in OceanaGold, Torex Gold, or Golden Queen if they continue to produce with low costs, brand new equipment, and grow their exploration profiles. A pullback – sure. A parabolic crash – unlikely (unless the whole PM space crashes in the Summer, and I’m just anticipating a breather and pullback, not a crash).
I like Bakerville Gold and LPG got me to concede that they are Past-Producing Near-Term Producers 🙂
I also like Balmoral for more of a base metals play and posted their corporate presentation and a few thoughts on last weekend’s show under the Copper miners thread.
Thanks CFS for bringing up interesting companies to review.
Credit to Cory as he is now doing most of the scheduling.
You and Cory do a great job Big Al. Please know that it is just a friendly jab at Cory for not knowing Golden Queen. KER is a great and dynamic site guys. Keep up the great work!
AL, make sure to take care your health first. Your contact in the industry is unique. People just need you to be healthy and bring more great guests like today, not commenting on each post.
+1000 I wish you a full recovery and dynamic living, health, and prosperity Big Al!
Many thanks Excelsior. It is actually my wife who needs your wonderful wishes. Thank you!
By the way AL, I saw you a few years ago in Calgary but did talk to you since you ran away fast. I think for your size you may need to do light exercise every date. Big man usually get poor health when they are old like my grand father, sorry to say that.
I am down about 25 pounds from my high and I walked everyday. Ok do appreciate your advice Dragonite!
Jay Taylor’s size is perfect for old age like Deng in china.
Thank you, Dragonite, but I am back. Cory is doing a really great job with the scheduling!
Al, you’ve got to give up cigarettes and soda pop. Satisfy your sweet tooth with dark chocolate.
Bonzo,
My only vice is high quality wine. (Remember Jesus’ first miracle!
I believe Al quit smoking when he was 38. So it’s been three or four years already. 😉
You are absolutely correct Matthew!
I know he should be careful with his health, but in my eyes Big Al Korelin will always be indestructible.
Thanks Eddie
Again the issue now is my wife’s health. (Better and better each day now)
May Kathy be blessed with a speedy recovery and vitality.
One of your better weekend shows, even though little politics.
But then even politics now has evolved into lies and name-calling, rather than a discussion of economic issues and ideas. (Typical of a dying empire.)
CFS, politics today is insanity and, I agrèe, an example of “end of empire”.
End of empire, does not mean that any of us should give up!
Not necessary to be end of empire. Come back to the root of innovation and industry, America can keep the position for a long time. Somehow people and mostly politicians have lost the sense what made the country great.
Debt is the quickest way to ruin not wealth. It brings temporary fake prosperity and end in disaster.
Always does Dragonite!
Yes they have lost that, Dragonite!
MARTY ARMSTRONG…..has a good take on the VIKINGS…….end of the empire……same old story……..clipping and debasing the coinage. American may stumble on , with the bankers taking over all…. and the kings getting dethroned…….
HOPE for the best, PLAN for the worst………..
Pack a clean pair of Precious Metals depends and a bottle of DOOM EX.
On March 19, 2016 at 4:17 pm,
Frank from moscow CCF says:
DOOM EX………sounds like a laxative
On March 19, 2016 at 4:45 pm,
Excelsior says:
“Constipated from nervous trading in the commodity space. Are you all bunched up?”
“Flush those negative interest rates cares away with all organic DOOM EX.”
(Brought to you by the makers of Precious Metals Depends).
(Recommended spokesperson Dr. Marc Faber of the Gloom, Boom, & Doom report)
PMs in the AM. will get you a lot of EX TRA cash….if you act…ex tra quick…….you can depend …with this spin……..
Thanks again, Skeeta.
If you don’t like bankers:
You won’t like them more after watching the above.
It’s 10.30am in London. Coffee, toast & the KE Weekend Report. Perfect.
Thanks guys. That was a good one.
Again our sincere pleasure Tad.
Metanor Resources Inc. $MTO just filed 2 reports. View full report: SEDI:M
Closing date 2016-03-29
Date of transaction 2016-03-23
Issuer Name Metanor Resources Inc.
Stock Symbol MTO
Insider Name Sprott, Eric S.
Insider’s Relationship to Issuer 3 – 10% Security Holder of Issuer
Nature of transaction 10 – Acquisition or disposition in the public market
Number or value acquired or disposed of +934,000
Unit price or exercise price 0.0950
Balance of securities held as of transaction date 27,698,000
Closing date 2016-03-29
Date of transaction 2016-03-23
Issuer Name Metanor Resources Inc.
Stock Symbol MTO
Insider Name Sprott, Eric S.
Insider’s Relationship to Issuer 3 – 10% Security Holder of Issuer
Nature of transaction 10 – Acquisition or disposition in the public market
Number or value acquired or disposed of +4,000,000
Unit price or exercise price 0.0850
Balance of securities held as of transaction date 31,698,000
Thanks Markedtofuture. I’ve been looking into Metanor myself, and until stream-lining my small producer watch-lists recently I didn’t even realize they were a Gold producer.
Pure Gold Mining
Key Financial Statistics (as at December, 2015)
Shares Outstanding: 125.7 million Major Shareholders
Options: 5.7 million Institutional: ~20%
Warrants: 38.2 million AngloGold Ashanti: ~12%
Fully diluted: 170.8 million Evanachan (Robert McEwen): ~10%
Cash: ~$7.1 million Directors, Officers & Associates: ~6%
Sabina Gold & Silver: ~5%
http://puregoldmining.ca/sites/default/files/2016.03_PGM_Fact_Sheet.pdf
The weekly chart says PGM is probably going higher next week. And check out that volume…
Thanks guys for pointing out Pure Gold. I had it on a watch list but it was buried with all the other explorers and I was not up to speed on it until Matthew posted on it again recently. Much appreciated!
Matthew, thanks for the PGM chart. Eric Sprott has interest in MTO and Rob McEwen is named in PGM. MUX, RBY and MNEAF were a few McEwen took large positions early and went from pennies to dollars back in 2005-2006. He sold out of RBY when he started MUX and merged MNEAF into MUX. His exit from RBY was a good choice.
McEwan is 25% owner of LEXAM, FYI
Yes he is. Do you think McEwen will consolidate Lexam into MUX one day?
Brian – Check out the Morris Hubbartt Videos I posted towards the bottom of this blog.
Morris covers (MUX) McEwen Mining, along with Seabridge, Endeavour Mining, and Torex Gold.
April 11, 2016 FSE: GV6
AVINO ANNOUNCES Q1 2016 PRODUCTION RESULTS
Avino Silver & Gold Mines Ltd. (ASM: TSX-V, ASM: NYSE–MKT, GV6: FSE) is pleased to report its first quarter 2016 production results from its Avino property near Durango, Mexico.
Consolidated Production Highlights for First Quarter 2016 (Compared to First Quarter 2015)
Silver equivalent production increased by 10% to 715,933 oz*
Silver production increased by 11% to 403,447 oz
Gold production decreased by 14% to 1,497 oz
Copper production increased by 55% to 1,350,912 Lbs
JAG is looking stronger by the day and is probably going to have a little melt-up of its own.
Bring it!!! 😮
Higher gold will be very good for Scorpio Gold.
That works for me amigo.
…..and that should be a boon to Americas Silver Corp. Matthew – You are better at research than I am. Do you have a way of finding out how much of a stake Americas Silver Corp still has in Scorpio Gold?
When they spun the company out of Scorpio Silver, I believe it was 9-10%, but the Corporate Presentation doesn’t include the key investors like many do.
http://www.scorpiogold.com/i/pdf/ppt/CorporatePresentation2.pdf
Here’s the only thing I could find, and it was 19.4 % percent of the shares of Scorpio Gold that were held by Americas Silver Corp back in 2011. I’d be curious to know if they still hold any ownership at this time.
“As of June 15, 2011, the Corporation no longer maintains significant influence over the operations of Scorpio Gold Corporation. The Corporation has elected to record its investment in Scorpio Gold as an available-for-sale financial instrument measured at fair value with changes in fair value being recognized in other comprehensive income. Included in the statements of operations for the three-month period ended June 30, 2011 is a loss on adjustment to fair value of Scorpio Gold upon initial recognition as available-for-sale instrument of $738,897. Included in other comprehensive income for the three-month period ended June 30, 2011 is an unrealized loss on these shares of $395,231. As of June 30, 2011, Scorpio Mining still holds approximately 19.8 million shares in Scorpio Gold representing 19.4% of Scorpio Gold’s issued and outstanding shares.”
http://www.americassilvercorp.com/s/NewsReleases.asp?ReportID=469110
In this article, which appears to be no more than about 18 months old, the author says Americas Silver owns 10%.
http://pennystockexperts.com/off-85-has-scorpio-gold-reached-bedrock/
Great Matthew! That’s what I originally had in mind, but thought I had mixed it up when I saw that older article. I forgot about Tocqueville owning 20%. At one point back in 2014 the Tocqueville Asset Management team tried to do a hostile takeover of the board for Scorpio mining. Thank God they were unsuccessful as that would have been a shame. Now Americas Silver and Scorpio Gold are kicking butt and taking names…..
Thanks again you mining sleuth 🙂
Sentry Investments owns just under 20M shares or almost 16% while RBC Global Asset Management owns 10M shares or 8% and Mackenzie Investments owns almost 6M shares or 5%.
According to Morningstar, SGN trades at just .2 times sales, .4 times cash flow, .5 times book, and sports a forward PE of just 1.3
Gold won’t have to do much, percentagewise, to send this thing to 40 or 50 cents.
Thanks, I didn’t know that about the hostile takeover attempt of the board. Did Tocqueville think management was doing a bad job or was it something else, in your opinion? If you don’t mind, why do you think the takeover would have been bad for the company?
Personally, I’ve had very few experiences where a hostile takeover helped the company. In almost every case, they appoint people to the board, don’t have any understanding of the asset, don’t understand the history or connect with the mining staff or geologist, and just try to make money on the bonds and carve up the company to sell.
It is the exact same dilemma that Taesko Mines is faced with at present. The hostile takeovers are vultures and usually do more to hurt a stock than to help.
So…..I’ll just let the management of Scorpio Mining explain the situation back in 2014:
__________________________________________________________________________
May 28, 2014
Scorpio Issues Letter to Shareholders, Reminds Shareholders to Vote Using Scorpio’s WHITE Proxy
“Our 2014 annual meeting of shareholders is scheduled for Thursday, June 12, 2014. This year your vote is of even more importance as a U.S. investment firm, Tocqueville Asset Management, L.P. (together with The Tocqueville Gold Fund), is seeking to take control of a majority of the board of directors and disrupt the recent progress we have made at our mining operations. Your vote is crucial to show your support for the management director nominees and the positive momentum that is building at the Company. Protect your investment by voting the WHITE proxy FOR the election of the management nominees prior to the deadline on June 10, 2014.
On May 12, 2014, Tocqueville delivered to the Company a notice of its intention to nominate three new individuals for election to the Company’s Board in addition to its current nominee, Thomas Weng, who is already on the Company’s Board, to give Tocqueville four nominees on Scorpio’s seven-member Board.
We believe that Tocqueville’s notice does not comply with the advance notice provisions of the Company’s by-laws respecting the nomination of directors and is therefore invalid. These advance notice provisions were approved at last year’s annual meeting by a resolution supported by approximately 99% of the shareholders who voted. The Company is now taking steps to obtain a declaration from the Ontario Superior Court of Justice to confirm our belief that Tocqueville’s notice is invalid. Despite our belief that Tocqueville’s director nominations are invalid, the Company and its shareholders cannot ignore Tocqueville’s efforts to take over the Board. It is tantamount to taking over the Company through stealth and the Company will not allow Tocqeuville to use such tactics to gain control. If control is what Tocqueville seeks, it should make a proper offer to all of Scorpio’s shareholders. Your vote is of paramount importance to show your support for the Company and your opposition to Tocqueville’s self-interested actions.”
http://www.americassilvercorp.com/s/NewsReleases.asp?ReportID=655838
BTW- here’s a good overview of a similar situation that Taseko is currently faced with:
Ron Thiessen: Taseko Chairman on Fending Off A Self-Dealing New York Activist Hedge Fund
BY COLLIN KETTELL ON APRIL 07, 2016
Thanks Ex. The market appeared to like Tocqueville’s interest in the company whatever their intentions were as the shares went up 31% in the month between receipt of the letter and the vote.
Tocqueville Asset Management now owns 29.76M shares and Tocqueville Finance owns 1.33M shares.
The Company does have a very solid shareholder base!
In contrast, here is Integra Gold doing the right thing and working with Eastmain and Columbus Gold to switch up the board, get everyone’s input, and do the best thing for the project and shareholders moving forward. They are class act.
__________________________________________________________________________
Integra Steps Into Boardroom Battle at Eastmain
4/08/2016 …A look at a deal between Integra Gold and Eastmain Resources in which the former will invest $6M in the company and nominate two executive to the board. Steve de Jong, President & CEO, Integra Gold, explains the investment in Eastmain, which is fighting a proxy battle against Columbus Gold.
Columbus Congratulates the Board of Eastmain Resources on Positive Outcome
Marketwired Columbus Gold Corp.
April 8, 2016
https://finance.yahoo.com/news/columbus-congratulates-board-eastmain-resources-185435331.html
Big Al – Yes, agreed Scorpio Gold does have a very strong shareholder base.
Did Chris Vermeulen say that he thinks that a falling oil price will JUST take down the oil stocks or did he say that a falling oil price will take down all conventional stocks? Not sure what he meant – any ideas anyone?
Bob: Can’t answer your question but here’s something that may be part of a developing trend: http://www.bloomberg.com/news/articles/2016-04-08/chevron-s-debt-rating-cut-one-notch-by-moody-s-on-cash-outlook
Thanks SD.
Oil is well above the 50 day and about to cross the 200 day at 41.36 so I don’t get why the pros are so negative on it. It could pick up steam and get bullish one it crosses the 200 day. Some major oil stocks have had a good breakout already and other majors will follow. The pros are waiting for a clear signal like oil over 50 and they would miss out on the early big gains.
Paul L. – Did you listen to Avi Gilburt’s thoughts on USO yesterday? Based on your response, it sound like you think the resistance he sees in the high $10s will give way.
I wrote you earlier in the week that I though Oil was putting in the right shoulder in the H&S pattern on the Daily chart, but the really strong move on Friday caught me by surprise. I tipped my hat to you for being so bullish on Oil on Friday’s blog somewhere, but just wanted to say congrats again on a good call.
The primary drivers for Oil’s rise on Friday were the very weak US dollar, and the hopes and prayers of Oil bulls that there would be production cuts for the US. The question is – Will those 2 drivers (weak USD, & hope of production cuts) remain?
Perfect Storm for Oil Started on Schedule and Continues to Build
April 6, 2016 – David Haggith
“The storm’s breezes can now be felt in prices that have relinquished 40% of their earlier gains, and the clouds are becoming more apparent to all.
Prices had one of their worst days of the year on Friday of last week and drifted marginally lower again on Monday of this week, stabilizing some on Tuesday. Friday’s pounding came because Saudi Arabia announced it would not participate in the oil supply freeze that it negotiated with Russia since Iran is not going to join the freeze.
That is one of the major storm fronts that I said would come into prominence as part of the perfect storm against the price of oil. I pointed out a few times that market enthusiasm over talk of a deal (still not completed) between Saudi Arabia and Russia to merely freeze production was ludicrous because the Saudis always said the deal was contingent upon other producers joining and that “other producers” most certainly included Iran, and that Iran most certainly would not join the deal.
Even if a production freeze is formalized, it’s a bad thing, not a good thing. That makes it all the more silly that talk of the deal pushed down prices for awhile. The deal, if it happens, promises to freeze production at January’s extremely high levels, which absolutely guarantees continued oversupply (unless there is a huge increase in demand, which so far has evaded the oil industry). A freeze is far from being a production cut, which is the only thing that can solve the oil industry’s problems on the supply side. Far too much as been made of the deal by a market full of unrealistic optimists for that reason.
Compounding matters, government data was released on Monday that showed the first small drop in gasoline demand in fourteen months. Until now, gasoline demand has remained a pillar that helped support the US oil industry through the supply glut. Drop in demand for products derived from oil is being noted in other parts of the world, too:
The oil price “can easily revisit the lows seen earlier this year,” French bank BNP Paribas said in a note to clients, as bearish demand data added to concern over a deal to freeze excess supply…. This comes ahead of a second quarter period that typically sees a dip in demand as refinery maintenance peaks. (The Week)
The third front is just starting to happen. It will very slowly gain strength, but it certain to be the worst front of all over time. As tank farms around the world fill to capacity along with ships at sea, storage becomes more problematic. Oil has fewer and fewer places to go, and demand for crude will fall off a cliff.
As it stands right now, there is nothing that will prevent that from happening. A production freeze means we keep moving toward that end at the current rate of production. Lack of a freeze means production continues to expand so that the world has to make the necessary supply adjustments out sooner.
The impact on the US oil industry, seen in broad terms, is that the US now has fewer oil rigs in production than at any time in the past sixty years following fifteen weeks of continual decline. Nevertheless, oversupply continues to rule the market. As many as sixty small and a couple of large oil companies have gone out of business or declared bankruptcy.
Numerous bonds and other forms of loans to the oil industry are in default but are being ignored by banks because the banks don’t wish to compound the problem for themselves by creating a situation where they have to write down the value of the securities on that debt and have to write of debts. So, everyone is trying to sit it out. The scale of the problem for banks is largely masked because the Dallas Fed has told banks to sit tight as much as possible.
It’s believed data later this week will show that crude stock in the US has continued to grow over the past week to a higher record high. That will be the eighth week of setting new records in total US oil storage. If that data turns out as expected, that will offset news of a drawdown in Oklahoma the week before, showing it that to be nothing more than a brief eddy in the winds.
We are relentlessly getting closer to a point of total market saturation, which happens when all tanks are full.
In other words, this problem is NOT going away until lower prices finish the job of flushing away the weakest competitors as a way of reducing supply to match current demand. So, if the energy production deal does finally go through in mid-April, we will still have to fill our waterbeds with oil to find places to store the overproduction. It will just take longer to get to the point. (The greater truth is that Saudi Arabia and Russia cannot really ramp up oil production much more anyway. So, talk of a deal not to increase production is really the most meaningless babble on the planet right now.)
Whether a deal happens or not, more oil companies, more related service businesses, and some of their bankers will be flushed away. The only thing that could change that is either a big increase in demand (not seen as likely by anyone that I’ve come across) or a big reduction in supply (not being talked about by anyone anywhere).
Barring a war or huge natural catastrophe that forcibly cuts off large amounts of production, the only reductions in supply that will happen are the hard ones that come from businesses closing shop. Those who continue to hope for an easier answer in the form of prices that stabilize the market at its present production levels are nothing but rosy-eyed dreamers, living in economic denial.
http://thegreatrecession.info/blog/perfect-storm-for-oil-prices/
On the day the markets were crashing I dumped my 5000 shares of USO at my average cost of 9.50 to lighten up which was a big mistake but I had been adding a lot of BP and hold a giant position in that so I was way too much into oil. I added more on the premarket on wednesday and thursday and am finally getting positive on it. Oil could be easily be 30% higher by the end of the year if it can do 6% in just one day. I also started adding VRX on each dollar down on the current correction as I missed the 2nd rally which was very strong.
I added back my fairly large VIXY postion back at 11.93 as it appears to be starting an uptrend.
The market seems to have decoupled from oil and so oil could go higher with the general markets weakening and the VIX rising.
Thanks for the thoughts on Oil and the VIX related trades Paul L. I always enjoy getting your perspectives.
Have a great rest of the weekend sir.
Paul L – check out the Gary Wagner Video posted at the bottom of the weekend blog. At about 8 mins and 25 seconds he provides his Oil analysis and then his US dollar analysis.
I believe that you’ll like Gary Wagner’s weekly candlestick analysis where he shows a decoupling in OIL from the S&P 500.
Here’s why the markets may be decoupling from oil
April 8, 2016 – Bob Pisani
https://finance.yahoo.com/news/heres-why-markets-may-decoupling-194942671.html
Paul L. – Oil just broke back up above $40 to the $40.30 level, but has started reversing back down.
http://www.investing.com/commodities/crude-oil-streaming-chart
USD 94.18 -0.01
Canadian drivers catch a break at the gas pump: McKnight
Fri, Apr 8, 2016 – 11:45 AM
A look at gasoline prices across Canada ahead of the weekend, with Roger McKnight, Chief Petroleum Analyst, En-Pro International.
Iran and Oil: You ain’t seen nothing yet
The Wall Street Journal By Spencer Jakab – 19 hours ago
https://finance.yahoo.com/news/iran-oil-ain-t-seen-162400952.html
Look for another OIL GLUT………….
Those kind of headlines usually signal bottoms.
Silver has been digesting January’s move up for the last two months and now looks ready to move higher. Once the 16.20 area is taken out, it will be on its way to over 18.50…
I also feel the price will be like 2006. With all the evidence and the fact GSR has put us into a corner, a big rise should come in spring.
Great weekend show Al and Cory.
My theory of gold prices going into the 5-600s is starting to vaporize.. I guess it’s time to jump on the bandwagon and get serious with the next pullback. In fact, I’m thinking this next bottom is going to be “it”. I’m looking for a stock crash in conjunction with a gold wash. That will bode well for picking up miners. The commercials haven’t joined the party yet, which tells me the bottom of metals hasn’t happened just yet. I do believe that’s coming real soon and May or June will be time to get off the dime!
Great thoughts on lithium Ex, I agree. Thanks for the posts!
It’s going to be fun watching the best of the best trick shots in golf today. Augusta has 30 MPH wind gusts about very 2 minutes. Swirling winds are constant. Gonna be a fun view !
Right on man. All the best to you.
Excellent post (Gold Tent: Surf City) on the divergence of the PM Miners and Gold-The-Metal, including using cycle analysis
I like the rounded bottom in Gold, versus the V-shaped bottom on the HUI. Excellent.
Hmm, what would Freud say? 😮
That’s only if the rounded bottom is jiggling….. 🙂
Atta boy 😉
He would, of course, agree Matthew.
I’m sure you’re right, Al but that V would likely get his attention, too. 🙂
hilarious.
Doesn’t have to wiggle Matthew – stolen from Silverdollar post below!https://www.youtube.com/watch?feature=player_detailpage&v=t99r86qWmOc
Banks/bankers steal. With their ill gotten gain they “invest” in stealing more. Eventually they become very good at stealing and the rate of stealing exceeds the rate of production. With this, the economy turns down and crashes, pulling the banks down with it. It’s called parasitism. When the parasites win, the host dies and the parasites lose. There has to be a global reset.
Parasites like ticks let go when they are full. But there is no satisfying sinful man as banker. He won’t let go until . . . . POP!
Your right Wayne, except what the bankers do is not against the law, they make the law, they are the law.
To believe otherwise is to delude yourself, thats not the banks fault.
Kinda like believing the constitution has meaning, very silly.
Human nature I guess, people like to believe stuff.
Some, unfortunately do not believe b.
Days After Iceland’s PM Resigns Over “Panama Papers”, Its Bankers Are Released From Jail Years Early
This just happened to be on sgt report today, its a perfect example of what Im saying.
If the banks dont like the law, they simply change it. lol
There is still some hope tho, one of the guys that started “occupy wall st” has realized the old methods of protest no longer have effect.
They have begun to search for new methods, a new system.
I think the necessity of a new system might have been mentioned here a time or two. lol
Lets hope they stumble upon it.
Agreed Wayne!
Again I recommend Josef schachter for oil market analysis. I hope KER bring him on.
Chris:
I believe an improvement in commodities and a falling dollar will add some impetus to the improvement of investment opportunities in the BRICS. Hopefully, the downswing in the dollar has a little staying power. JMO
It would appear, at least today, that the direction does have staying power!
It would help Russia and Brazil being commodity exporters. Not necessarily the others. As for the dollar, the downside momentum is increasing, even if there remains greater danger in relative terms in both Japan and Europe. BUT, as I said many a time, the “benefits” if any of a strong US $ were being dwarfed by all the deflation and other trouble it was causing; so at the least, I think that the Fed’s retreat (for now) from the kind of “normalization” they telegraphed in December was a nod to those dangers. It will be interesting to see if the 93-94 area on the USD Index holds or not.
I completely agree Mr. T.
Yes, all eyes in the US Dollar are on that 93-94 support zone to see if it will deflect the greenback upwards, or fall and cause a steep decline in the buck.
Gary Wagner covers this 93-94 support zone in his candlestick analysis on the US Dollar charts on the Weekend Special Video posted down below in the blog.
The site is great Al, if ya dont have time to post or read for whatever reason its still great.
Health obviously comes first.
Thx for all you do.
I will definitely make time out of great respect for all of you.
AL, again hope you bring Josef schachter to the show. His view will clarify the fundamentals for oil.
It is in my calendar to contact him on Monday, Dragonite.
Thanks.
I am looking forward to the interview.
I posted earlier to Mathew but disappeared. From my phone…
Anywho. YES we are going higher and some serious stock breakouts on the PM sector yesterday. Some crazy moves like my LUG.TO and AMM.TO as I mentioned a while back. WOW.
TMM…AUN and a many others more risky plays looking pretty stable for a move..
Even IMG looks VERY good with the long term down tread clearly broken and is liquid as hell. I put a bag full there.
Thanks Mathew!
That’s great, Bill, congratulations. AMM.TO was a big winner for me in the last cycle and TMM/TGD was a double because I sold way too soon.
IMG does look very good. A move straight to $5 or more would not be a surprise.
*I do not own any of the stocks mentioned.
Oceana Gold announces strategic investment in NuLegacy Gold
Company Press Release
via CNW Group, Montreal
Thursday, April 7, 2016
MELBOURNE, Australia — Oceana Gold Corp. is pleased to announce that it has entered into an agreement to make a strategic investment in NuLegacy Gold Corp. and, by way of a private placement, purchasing 47.66 million common shares of NuLegacy at a price of C$0.14 per share for gross proceeds of C$6.67 million.
Upon completion of the transaction, which is expected to close on or about April 13, the company will own approximately 19.9 percent of NuLegacy’s issued and outstanding shares on an undiluted basis, prior to giving effect to any shares purchased by Barrick Gold Corp. and/or Waterton Precious Metals Fund II Cayman LP existing equity participation rights to maintain their current equity ownership interests in NuLegacy. The company also has the option to purchase up to an additional 9,303,845 common shares of NuLegacy, subject to Barrick and/or Waterton LP exercising their participation rights. …
… For the remainder of the announcement:
https://finance.yahoo.com/news/oceanagold-announces-strategic-investment…
Ah-Ha! That explains the sudden spike in the share price. Good find CFS. Much appreciated.
Here’s another stock name……shown up on my insider buying searches…..
CALVF. Caledonia mining. It popped up in my data base search of dividend (5%) with insider buying. Other than that I don’t yet know much about the stock. CAL.TO.
Never heard of it before. Apparently they started producing gold in 2009. They have a 2016 guidance of 50,000 ounces. Thanks CFS for pointing out another small producer.
I don’t remember anyone discussing it previously, but they’ve been producing for 7 years. Adding Caledonia Mining to my list of small producers doing under 100,000 ounces.
Here’s a few data points out of their March presentation:
–Cashflowfrom operating activities down by $6.8m from $15.6m in 2014 to $8.8m in 2015
•$4.5m due to the lower gold price: average realised gold price fell from $1,245/ozto $1,139/oz
•$2.1m due to higher operating costs: lower cost per tonne processed was offset by lower grades
–EPS increased from 8.4 cents to 8.9 cents due to lower taxation and an accounting FX gain
–Adjusted eps (excludes FX gain, non-cash tax and prior year adjustments) fell from 10.4 cents to 8.9 cents
•Significant progress on implementing the Revised Investment Plan
–Completion of the TrammingLoop in June 2015:
•Sustained increase in tonnes mined in the second half of 2015
•Continued development without adversely affecting production
–No 6 Winze completed: initial production commences at the end of Q1 2016 as planned
–Good progress on the Central Shaft: production start-up scheduled for mid-2018
•2016 will be a Transformational Year for Caledonia
–Increased Production
•2016 target production: 50,000 ounces
•Q4 2016 production rate of 58,000 ounces per annum
–Falling cost per ounce due to economies of scale & Improved cash generation
http://www.caledoniamining.com/pdfs/2015%20Q4%2020032016.pdf
Al:
Here’s a thank you for todays show. Something you and your wife can enjoy over a glass of wine this evening. One of the best “Why dance?” songs ever recorded.
https://www.youtube.com/watch?v=t99r86qWmOc&nohtml5=False
Many thanks Silverdollar, for the record I need stopped.
AL ! Bordeaux 2015 will buy great ! Al the best !
I will kep an eye out. Thanks, Franky.
Wow – remember Al’s blood pressure!!! Beautiful!
Ha Ha ! Him still sipping !
So I wander what kind of an announcement will come out of the meeting Monday? Anybody want to take a stab at it?
Whoops sorry I meant wonder
Excelsior, since you’re into lithium in a big way, what do you think of avalon? —–avl.to
Doc – I thought Avalon had a decent chance in the Rare Earth space at one point in time, before that space decomposed and crashed with a hard landing. I think they have a really unique asset, but they can’t finish developing the project without more funding, exploration, permitting, and a huge investment for building the mine. I just anticipate that happening unless someone buys them or buys a large stake in them as a strategic investor.
What concerns me is that Avalon re-branded as a “Lithium” company. Clearly Lithium was not their primary focus, and I honestly think they are just trying to distance themselves from a Rare Earth sinking ship, and jump onto the new hot story.
Avalon has one very complex deposit with all kinds of specialty metals & HREs, crammed into it, but they are probably just desperate for funding and trying to go where the cheese has moved. It is this kind of activity that reminds me of when gold stocks decided to become pot stocks or biotech stocks…..well maybe not that bad because ultimately they are just trying to get their mining asset into production.
I think it is this kind of “piling on” into a hot story that puts too many cooks in the kitchen and is why Rick Rule and John Kaiser felt the space was a sham and hype.
I would agree with Rick that for the other 23 exploration companies in this second Lithium bubble that it is very likely a long shot for most of them to ever make it to production or get mines permitted or built. It is very likely this boom will carry on for 1-2 years with about a half dozen companies making it into production, with pricing settling back down a bit from where it is today and that will likely be that until the Lithium Battery marketplace proves it is here to stay.
Personally I think Avalon is a little too late to the dance, and the pretty girls already have dates (off-agreements, strategic partners, mines built or being developed, permits completed or mostly completed, and they are located near the 3 big Lithium players – Albermarle, FMC Corp, and SQM).
Let’s say the world need 6-8 mines outside of the big 3 just mentioned.
1) Talison Mining is still cranking out production in Australia owned by Chengdu Tianqi Industrial Group (Tianqi) and Albermarle.
2) Orocobre is in production and has proved itself thus far.
3) Galaxy Resources just went into production and is well funded and has key strategic partners and off-take agreements.
4) Lithium Americas is in production for Organoclay, and will soon be in production of Lithium and Phosphates with their 50/50 JV partner SQM.
5) Pure Energy Minerals – developing and finishing permitting – close to existing mine
6) Nemaska Lithium – developing and finishing permitting – close to existing mine
7 & 8) may never happen but it could be Lithium X, Pilbara Mineral, Dajin Resources, Critical Elements Corp, Bacanora Minerals, Aberdeen International, Houston Lake Mining, Ultra Lithium, Lithium Exploration Group, Lithium Corp, Nevada Sunrise Gold, Stria Lithium, America Lithium Minerals, Altura Mining, Li3 Energy, Standard Graphite, international lithium corp, Lithium Australia, Eureka Resources, MGX Minerals, Liontown Resources, Ardiden Ltd, Rock Tech Lithium……………………………… Or Avalon Advanced Materials. (Can you see the dilemma and why people think it is getting a bit frothy?? 🙂 )
___________________________________________________________________________
What I’ll point out that I didn’t mention up above in the blog is there are 3 other interesting companies:
– American Manganese Inc – They recycle Lithium Ion Batteries
– Electrovaya Inc – Lithium Battery manufacturer
– Oakridge Global Energy Solutions Inc – Lithium Battery Development stage company
Of those 3 I feel most confident in Electrovaya Inc. but thought it was worth throwing the other 2 on this post.
Cheers!
In reviewing one of the corporate presentations posted up above, I just came across a Lithium company that I’ve never heard of that is in development now and getting final permits to go into production later this year – Neometals.
Neometals will produce spodumene concentrate from mid-2016 from its Mt Marion Lithium Project with partners Mineral Resources Ltd and Jiangxi Ganfeng Lithium Co., Ltd.
Neometals is evaluating the recovery of titanium, iron and vanadium from its Barrambie project via a licenced proprietary hydrometallurgical process.
The Company is listed on the Australian Securities Exchange (ASX Code: NMT) and the North American OTC Market (symbol: RDRUY).
_________________________________________________________________________
Neometals Coroporate Presentation:
http://www.neometals.com.au/reports/652-investor-presentation-160303.pdf
Doc – Hope that long-winded answer on Avalon helped. I believe there are better choices.
Did any of you catch the Blo Pony interview at USA Watchdog? He went over a lot of charts. Just curious if anyone saw it and what they thought.
No time for that showman, Eddie!
bravo big Al, same goes for Hunter the fear-monger
Greg Hunter makes a lot of sense but not Bo.
Saw it Ebolan. I could not watch past the first half though. Did anything interesting happen by the end?
Did any of you catch the Blo Pony…
Dang typos! How embarrassing. That should be Bo Polny. Got the l misplaced.
Yes I watched it Ebolan.
There was discussion about it a few days ago?
Thing with Blo is he has been saying every month “this is it,here we go,up up and away” for so long it has become laughable.
But eventually he will be right.
I think one of the better clues about when gold goes up might be J Rickards talking about his friends that refine gold. They told him they have a waiting list for refined gold, (which may not be any change at all) and they have begun to have difficulty sourcing gold to refine.
That makes sense tho as some mines have stopped production recently.
Gold will do what it has for thousands of years, I dont think ya gotta be a prophet to predict that, but an overnight revaluation? There are scenarios that make it possible, like FDR revaluing, maybe they do it again.
But honustly, I doubt if anyone we read anywhere would have a clue if or when that might happen.
Personally, I dont lose sleep over it.
Who is Blo? If you mean Bo, I completely agree.
Is that what the weird eyeballs thingy was all about? Does not explain everything though. What about all the arm waving and shaky hand held charts? I wonder what his grams-per-subscriber ratio is? Anyway I told Greg Hunter what I though about the interview. But Hunter is not really a First Amendment supporter so you won’t see that comment in print anytime soon. I wonder what possessed him to even run that interview?
Farmer, I think Bo does not worth these many words in KER. Let’s forget about him.
Ya ever notice Farmer? There are only so many people around for interviews.
Eventually ya gotta interview the Bo types.
I think thats what happened to Keiser, he ran out gold and silver guys to interview so he had to move onto bitcoin.
Sure, I have indeed noticed that b. A handful of popular high profile people are representatives for the mood of entire mining and metals and gold investing area. By a handful I am talking about maybe 50 names that would come easily to the mind of anyone who reads these pages daily.
Those guys usually convey the outlook for this business by taking a read on the mood of the thousands of people who make daily commentary and so they manage to sum up the parts into the soundbites that popular and blog media prefers.
They usually do a great job too in keeping the world up to date on how the collective are feeling and where the trend is going. So they are the spokesmen for all of us who just prefer to blog by words and not have to sit in the hot seat of an interview chair.
And you are right. They are few in number and the best get more requests for interviews than they can meet. Bo is not on that select list but I think some show hosts thought they would at least give him a chance to show his stuff.
In the process, the community of gold bugs (who are presumably his peers) look to have rejected the message and its messenger. I doubt Bo will ever amount to more than a bit player on the talk circuit….especially after that recent performance on Hunters site.
I don’t know about you, but I expect better.
Sure, I have indeed noticed that b. A handful of popular high profile people are representatives for the mood of entire mining and metals and gold investing area. By a handful I am talking about maybe 50 names that would come easily to the mind of anyone who reads these pages daily.
Most do a great interview. Some are riveting. Others incredibly convincing. All are showmen.
Those guys usually convey the outlook for this business by taking a read on the mood of the thousands of people who make daily commentary and so they manage to sum up the parts into the soundbites that popular and blog media prefer.
They usually do a great job too in keeping the world up to date on how the collective are feeling and where the trend is going. So they are the spokesmen for all of us who just prefer to blog by words and not have to sit in the hot seat of an interview chair.
And you are right. They are few in number and the best get more requests for interviews than they can meet. Bo is not on that select list but I think some show hosts thought they would at least give him a chance to show his stuff.
In the process, the community of gold bugs (who are presumably his peers) look to have rejected both the message and its messenger. I doubt Bo will ever amount to more than a bit player on the talk circuit….especially after that recent performance on Hunters site.
Unless eliciting anger is the hosts objective!
I have to agree, Bird.
I agree he will be eventually right about the price. But it has nothing to do with his prediction. It is all about law of economics. But his argument of technical is laughable. His timing has been totally wrong, totally wrong, cannot stress enough of it. He is so amateurish.
You don’t say? 😉
Blo actually sounds more appropriate than Bo in this case.
The proof is in the pudding afterall.
I’m cooking a lemon pudding tonight 🙂
Blo Pony. Eddie, when I read that I fell out of my chair laughing. You make a lot of mistakes like that. Do you have dyslexia or some similar disability?
I’d say it’s an ability, not a disability.
Big Al, I think you are a shareholder of Nulegacy, the stock seems ripe for a move higher, the majors are circling like sharks looking for a frenzy feed, IMHO. DT
No longer a shareholder. I agree with you about a mover higher!
See Above; Oceana picking up 20% of nulegacy.
Hi Doc. Maybe you can give me your opinion here.
I’m a bit confused.
We have Avi looking for $12 Silver and the S&P500 going to 2500… (??!!)
I was aiming at shorting the S&P pretty soon, when it reaches 2100’ish, and waiting to add to Silver/Gold & the miners in the summer (late May) when I expect a pullback (but probably not to recent lows). Hhmmmm.
This expectation of new crazy highs (bubble phase) in the conventionals through to 2018 seems to be a recent theory. I’m not sure I go along with that.
I got out of ‘conventionals’ at the end of ’14.
A lot of people I know ‘went to cash’ in December 14.
The whole of 15 ended back at the point I got out, so I’m happy with that.
Not a day trader. Its all about the macro, the rest takes care of itself. I stay in things for a few years and then try to get out with a decent profit before feeding it into the next ‘unloved and undervalued area’.… like Junior miners. Plus, in these times it makes sense to convert some cash (a lot) to ‘cheap’ precious metals for security.
I can’t see this circus lasting another 2 years; surprised it hasn’t cracked yet. The high yield space is surely about to pull it all down before Christmas. Gonna short that too!
Chinese banks, European banks, Greece, No growth in US mega-caps, BDI, Japan, Russia, Brexit, massive black holes in company pension schemes, peak property prices, mass unemployment, defaulting energy bonds, both expected candidates for the ‘big house’ good for gold and bad for the market: One in particular will be a disaster on the world stage… I could go on.
Surely it’s time to get ready for shorting the indexes and holding on to things with intrinsic value, and cash.
Do you really think we’re gonna be see-sawing up for another few years?
I’m not saying you have said this Doc. Avi was saying it yesterday.
But I’d like your thoughts as I tend to agree with pretty much all of your observations 🙂
I complete agree about the “circos” Tad
Did you guys see this one yet?…..
Japan wants to set up a test system to see the merits of using fingerprints in order to shop and do financial transactions as a means to eliminate cash! Wow….no Doritos for you, fatty!
War On Cash Escalates: Japan Starts Testing Fingerprints As “Currency”
http://www.zerohedge.com/news/2016-04-09/war-cash-escalates-japan-starts-testing-fingerprints-currency
funny about the “no Doritos” comment.
I did read something about that, they wanna start with tourists?
Samsung is trying to patent a “magic” contact lens, guess there will be a computer in it,do banking, etc Who knows what else?
I bet a guy my age wont recognize the place in 20 years.
Oh I agree. But at least we get the Birds Eye view on this site to what is coming even if we don’t know which systems will eventually be adopted. Living in one of the least developed parts of the world I feel a million miles away from the cashless society.
Innumerable people are still on a barter economy in parts of Africa b. And virtually everywhere you go its still a pure cash economy as credit has never made many inroads onto the continent. Certainly not to the rural areas where the vast majority of Africans still live tending small plots of land.
Visa and Mastercard are just foreign words to most people in my area. Only tourists have bank cards and pay by plastic. I would be hard pressed to find anyone outside the business community who even understands what a line of credit is, nevermind many who can calculate interest on a mortgage.
Hell, they don’t even offer mortgages here yet. We are that far behind.
On the plus side, there are virtually no cameras nor all the usual electronic intrusions that Westerners face daily. Those things are non-existent or when they do exist in very small numbers they have been installed by business that are from developed countries.
Neither are there credit checks. Credit Reporting agencies, centralized Government record keeping or the myriad of electronic systems that tend to sort people out and place them in one category or another.
Hell, we don’t even have traffic lights in my town. Not even one! And I ride by horse and carriage to go shopping. If you can see past all the shortages and can endure the lack of services its a great lifestyle.
When you have had enough bb, just get on a plane and come on over. It is just like stepping back in time a 100 years except there is satellite TV and broadband internet. Just don’t tell anyone you are a trader. That usually draws a blank look and a lot of suspicion.
They will just assume you are up to no good.
What area in Africa are you Birdman
Home is kind of a nebulous concept for me, Skeeta. I have lived everywhere from Dar es Salaam to Tel Aviv and a lot places in between. I might be migratory in nature. Depends on where I am happy at the moment I suppose. But Egypt, Kenya and Ethiopia are my favourite haunts and while they are dramatically different in culture, politics and even religion there is still a common African theme. Right now I am in a small town in East Africa which is about as much as I would want to say without getting too specific. What I like about these places is the lack of intrusion into your life. Its nothing like how these countries are typically portrayed in the media. Inflation rates are terrible in most of these places though, medical services are generally substandard and shortages of every kind imaginable are something you need to adjust too. Right now we are suffering an extreme shortage of dollars and that is stifling growth for most of Africa as they are unable to import essential goods to propel investment and growth. But if you look past the problems these are all great countries to live in and it is a rare day I think they are unsafe. I have mentioned before some of the most notable aspects are the absence of drugs, pornography, gun ownership and a whole host of the vices that are common in developed countries. Prescription drug abuse for example is virtually unknown. Religion is taken seriously as is marriage. Alcoholism is frowned on. Women don’t smoke here as rule and the cultures outside the capital cities are conservative and polite. This is where you would come to see how people behave in social groups with all the vices removed and I have to tell you it would really open your eyes if you spent any time here at all. It is well worth your time to travel these parts and escape the cold of winter to experience how different life is in the poorer parts of the world.
Cheers Birdman,
Thanks for sharing, its much appreciated.
Enjoy your weekend. 🙂
Agree Skeeta – always interesting to hear BM’s first-hand take on how life is out there.
Come on over sometime guys. You will love the place. I guarantee it.
Farmer – Interesting perspectives on life in Africa. I was kind of imagining it all in my mind’s eye as you unpacked daily life there. Thanks.
And I have not even told you about the women yet! They are delightful Shad. A dream come true for those of us who left the America’s and found love abroad. The gals are slim, healthy, drug free and have normal expectations of their partners. Divorce is very uncommon. Family life is stable. They don’t use sex as a weapon, don’t run to lawyers at the drop of a hat and I have yet to meet even one that expresses the sentiments that are so common in North Americas women’s liberation movement. They dote on their men, run the home from top to bottom and show genuine affection. Totally unlike the gals back home who are more men that women most days and seem to have evolved a devastating knack for using the courts, police and social stigma to intimidate every male while turning him into an emasculated limp wristed ball of putty. Good riddance to that entitled group who have been so successful in their drive for equality that divorce rates now top 50% and most people over 40 live alone rather than share a happy spousal relationship while birth rates plummet due to the extreme financial risks of marrying a women’s libber. I am sure most men here know exactly what I am talking about. They are the worst thing that ever happened to family life.
But they always find a way to justify it all.
Oh I certainly know what you are talking about. Not with Kathy by the way!
That made me think about the ex-wives of a few of my friends that have really puth them through the ringer, for many of the reasons you just mentioned.
I will let them know to head over to Africa and start anew.
Ha! As if any of them will listen. First, they won’t believe you and second too many have this weird idea that if they come to Africa they will go home in a body bag. Little do they know how nice life can be. In these countries the dollar really is king too. Your purchasing power in the local economy can be many multiples of its value back home. For example you might weight the dollar as a multiple of anywhere from 8 to 12 in semi rural areas meaning that 10,000 dollars buys the rough equivalent of 100k in local terms. It is what makes keeping servants affordable and not a large part of a family expense. But back to the ladies…..they are terrific Shad. Too bad you can only marry one. Mine is a real angel.
Congratulations Bird.
Yes, I already have my angel as well, but it sounds like a much more stable relationship and family life over there for sure. Many of your comments and observations about the changing gender roles and antagonistic use of the court systems in marriage in the west were quite accurate.
As for the currency exchange difference and buying power of the USD, that sounds like a real opportunity to have a nice life despite the good shortages and power shortages you’ve mentioned.
Cheers – to the good life!
Many thanks Birdman. The fear that is promoted by say the Canadian gov or any other developed is by design to keep people from venturing out and taking their money. We need to be highly controlled and taxed. That’s their plan.
Thanks Al.
The USD looks like a double top to me but it’s not yet a done deal.
Monthly:
It does look like a double but I suspect that is a mirage. The pattern I am looking at still says the dollar turns up although we are running out of time on that score. We are probably seeing the same thing in that regard Matthew. USD is going to make a decision soon.
But which way?
The dollar 94.25 right now. When it was 96.17:
On March 25, 2016 at 4:33 pm,
Matthew says:
“The plunge could start very soon if the bulls don’t push it to a higher weekly close next Friday.”
A short term bounce could start any time now but it could easily spike lower first.
f it spikes lower I am screwed. Don’t even say that!
Copper looks like it wants to take a quick trip down to test its January low.
BMO’s Jessica Fung: It’s Hard to Love Copper
Fri, Apr 8, 2016 – 11:05 AM
After returning from the Copper Conference in Chile, Jessica Fung, Commodities Strategist with BMO Capital Markets joins BNN to highlight some of the main issues that were brought up, especially as copper erases 2016 gains.
You buy when it’s hard to love.
Agreed. As you know I posted a ton of Copper and Gold/Copper companies to consider last weekend.
It was just a good interview and it seemed to jive with your comment on Copper taking a quick trip down. She had some good supply demand stats in that interview. I’ve seen Jessica interviewed before on Kitco and she’s a sharp lady.
Corey asked a question about Golden Queen in episode four but I didn’t hear an answer from Marshall Berol to this question. Is it possible that he did not hear the question or did he answer it in a way that I did not understand? He refers to major producers in his response to Corey’s question but Golden Queen is not a major and has just started prioduction. Does anyone have an opinion about Golden Queen that they would like to express? The stock has had a very nice run and it looks like they will be able to produce gold at a very low AISC.. Opinions?
Andrew – we did have a discussion about Golden Queen further up above in the blog.
Thanks Matthew.
Hard to see where the demand for copper and other base metals will come from in the short-term, especially as China is now going to strat exporting the stuff.
Bob, I think you’re right about the short term but since the market is forever forward-looking and the dollar will probably be falling in both real and nominal terms for a long time, I think the January low will prove to have been the low.
This is a good time to accumulate exposure for the longer term, and a good way to get that exposure is to buy miners that have both copper and gold/silver credits like Yamana or Freeport-McMoRan. Both companies have absolutely smoked GDX or the Gold Bugs Index, the HUI, since January’s lows. The case for copper just might be the reason.
Right on Matthew, those are two of my long term favourite companies.
Bob UK
If you havent heard it allready, you might like the interview with David Skarica
on Palisade Radio Mars 13 2016.
Never heard of him.
Pete, Thanks, I did not realize that Dave was still active.
Thanks, I just listened and he sounds like my kind of guy. Not only is he a gold bull and stock bear that prefers the small junior miners, but he also knows that Japan’s long deflation is a myth.
He does a number of interviews on Palisade and is buddies with Collin.
I always enjoy his point of view.
Very good weekend show guys!
PRU looks like a nice trade is lining up. Closing their deal with Amara soon. I like TGZ but when you add Yaoure to PRU. I think its a much better company. EXN chart is a thing of beauty I hit my target and sold on friday. Just hope I dont regret it.
Agreed Ronny. I’m a Perseus Mining shareholder, (just a small position), but was targeting Amara as company I may want to invest in also. Then they announced the merger, so I also believe the combined company will be more of a force in W. Africa. Roxgold is another near term producer looking quite interesting, and it will likely be taken out just like True Gold was taken out by Endeavour Mining. Dragonite had me take a closer look at Endeavour Mining (not Endeavour Silver), and I was impressed at their multiple mines and production growth profile. Also, as mentioned often recently, Asanko just went into production and they have been a positive success story W. Africa. Avnel Gold is another near term producer I’m watching, and B2Gold has some exposure to W. Africa. Things are improving for the mining industries as many countries have a big push to expand development of their mineral assets. I expect more exploration companies like Gryphon Minerals to sprout up, and more mergers like the True Gold/Endeavour or the Perseus/Amara takeovers as the space consolidates over the next year or two.
Hey Mathew.
I just listened to Hoye and he’s not too bullish on the PM stocks now. He’s usually decent and prudent.
Greg Weldon still is. It’s been silly season that’s for sure.
As you probably know, I’m with Weldon for now. I have plenty of time for Hoye but I can’t help but think of what happened in August, 2010. Hoye was bearish silver and probably shorting silver stocks while I couldn’t have been more bullish and was buying AXU and others on margin – which I rarely do. Silver then went on to roughly triple in about 7 months.
GDXJ could easily be heading for the mid 40s very soon…
Precious Metals VIDEO Update: Gold & Gold Stocks Bullish Consolidation. 04/07/2016 – Jordan Roy-Byrne – Palisade Radio
He got killed a couple years ago on his bullish calls. Just before the meltdown.
Yeah, I agree he has been too bullish at the wrong times. Stopped reading him a long time ago because of too many misfires.
There are SO few and I almost mean nobody that makes the grade FiC (Farmer in Canada AKA Birdman and my fav guy here) I haven’t been around much so I didn’t even know you were here.
Weldon is a great TA but is top on the futures and currencies around the globe. They all matter.
You make me wish I was single! Id be right over…shit.
I got a good Flip chic so close.
Yes he did like most analysts in Gold did. However, to his credit he was also bearish for the last few years, and nailed a number of the counter trend rallies in Gold, and then went bearish again. I think his skills in technical trading have increased, I like that he looks at moving averages and charts that are different than what I see covered anywhere else.
I see Jordan as rather even-keeled and he hasn’t been a pumper in years, so I value his thoughts and always take a moment to read his missives or watch this weekly Gold update Videos on Palisade Radio.
He feels that after the miners rose for 6 weeks, and have now consolidated for 6 weeks, that they may be getting ready for another leg higher before a turn down after that. Food for thought.
JRB was also too bearish too long as the miners were bottoming in January.
JRB missing the contrarian factor…..Charts can fall short of that..
As Weldon says…too many are still overall pessimistic…We go too smashed and what was needed.
I’m no screaming bull but Ill take the trade…..
Funny I was just in Ecuador and saw the pile of yellow LUG.TO had…I think the sky may be the limit as nobody was even aware it was making big changes. All lights turned green. They can produce year around. wages are very low and the Gov got on board…A decent Gold price and its an easy $20.00. BUT POG I do not know as most.
Just watching stocks lead…
Lundin Gold has been on a good run lately, and they are doing the right kind of activity. Bill when you posted on it last time I started looking into their operations a bit more. I also have been looking at a few mining companies in Ecuador like Cornerstone Capital Resoures and Odin Mining.
Thanks for the update on Lundin Gold.
Re: “JRB missing the contrarian factor…..Charts can fall short of that.”
David Skarica addressed that in the interview linked above and I have been saying the same thing for a long time. Pure technicians pride themselves on not thinking which is why they tend to be late to every turn (and way too light in their positions!).
Except For Crude The Week Ends On A Whimper
Gary Wagner – April 8, 2016 (Weekend Special VIDEO show)
http://thegoldforecast.com/video/except-crude-week-ends-whimper
Paul L – if you see this, jump into Gary Wagner’s video to about 8:30 mins and he covers his outlook for OIL. He also notes, what we’ve been discussing about a decoupling of Oil prices and the prices of the general stock markets.
Worth a few minutes to see his candlestick chart analysis in Oil.
Commodities & Inflation Expectations
by Tiho | Mar 31, 2016 – The Short Side of Long
https://shortsideoflong.com/2016/03/commodities-inflation-expectations/
Big Al & Cory – Tiho is a sharp guy and I’ve thrown it out there a few times that he may be a good guest to get on the KER program sometime.
I – and a friend – read his blog for a long time reading his posts on this and that stock or sector collapsing.
In the end I stopped reading as the market was going higher and higher. I had completely forgotten about him. He was one of the reasons I kept out of one of the longest bull runs in the stock market in generations.
Well, you could always read and then do the opposite 🙂
That is interesting to hear you missed the move up in the general stock markets because of his analysis, because I’ve always thought he was too bullish on the general markets and turned out to be right most of the time.
I’ve been following him Tiho for a few years and then he migrated over to this new website a little over a year ago. He looks at things differently than most, and has a holistic macro view of the general stock indexes, currencies, bonds, and commodities.
IMO – It still may be interesting to have him on as a guest to flush out his views on the developing trends in the different market asset classes.
I would not waste a second listening to him but, hey, that is just me and my experience.
Fair enough.
I’m striking out today on sharing some of these editorials from people that seem interesting to me.
People don’t like Jordan Roy-Byrne or Tiho.
I did post a new Rick Rule VIDEO interview from Palisade Radio at the very top of this blog, and I would really recommend investors giving it a listen. However, after the last few responses, I’m waiting for some anti-R.R. comments to come in next……
While I’m on a role let me post this one from Gary Savage:
_________________________________________________________________________
Morning Excelsior,
Couple of comments on your posting.
First of all, when Gary first started commenting on our site many folks were adamant in their dislike for him. Regardless Cory and I supported him.
He later told us he appreciated all the new subscribers he got.
Then as people continued to complain, he got angry calling them trolls. He and Doc frequently disagreed and Doc subsequently won a bet Gary made with him.(Not paid so far by the way)
He was the on the record sayin that oil would never be in the $30’s again. Soon after it was trading much lower.
Now it would appear he is degrading all of us again yet continuing to use the blog for advertising. Cory, Doc and I will not permit that.
Pay him if you choose to, but absolutely no links to his site.
Up next a Video of CAGE FIGHT between Peter Schiff versus Harry Dent !!
Only on KER…..
Certainly two of the better known out there.
Just a little weekend levity 🙂
Understood Big Al. I don’t necessarily agree with the way Gary handled the situation or his leaving either, and their site has been incredibly critical towards the KER site, which seemed a little one-sided on their part, and little tacky really.
However, I didn’t realize we could not post links to Gary’s site on KER and apologize.
The article on the COT was simply good information to keep us all well informed.
For the record I am not a paid subscriber to his site, and obviously prefer the KER site, but I still think Gary is an interesting guy and was only sharing the article because people here discuss the COT reports fairly regularly.
Thanks Excelsior.
Yeah he dumped on us pretty good and, apparently continues to do so. Kind of a lack of class.
I for ONE NEVER LINK ANYTHING………………. 🙂
I normally appreciate links to any article or corporate websites, but I understand why Big Al doesn’t want any links to Gary’s website up moving forward.
I have been saying just don’t mention the guys name anymore. Just cut him adrift and forget him.
BYE , BYE ….GARY……no more mention……….. 🙂
The only call Liked was his “double bottom” call……….which I mentioned…. 🙂
Dow Horror & Gold Stock Rockets
Morris Hubbartt
Super Force Precious Metals Video Analysis
posted Apr 8, 2016
This Video in particular is helpful for those trading the mining ETFs (GDX), (GDXJ), (SIL).
Precious Metal ETFs Video Analysis
Morris Hubbartt – Apr 8, 2016
http://www.superforcesignals.com/video/2016apr7gdx/2016apr7gdx.html
The Pennant patterns in all 3 mining ETFs look very bullish.
Key Individual Stocks Video Analysis
Morris Hubbartt – Apr 8, 2016
http://www.superforcesignals.com/video/2016apr7sfj/2016apr7sfj.html
The breakouts in Endeavour Mining, McEwen Mining, and Torex Gold look promising.
He also discusses Seabridge Gold.
Rick Rule also covers Seabridge Gold in his optionality comments in the Palisde Radio interview posted at the top of this weekend blog.
thanks EX…………………. 🙂
This man was paid a fortune when Tony Blair was PM of the UK constantly telling us that we were all racists for not wanting mass muslim immigration into the UK. Guess what?
Oh well, he has made a fortune and has a big fat pension.
‘UK Equalities Chief Who Popularised The Term ‘Islamophobia’ Admits: ‘I Thought Muslims Would Blend into Britain… I Should Have Known Better’’
Interesting comment Bob, thank you.
The Americans do not realize what the Big Zero is currently doing with his secret importing of 200,000 muslims, and distributing them throughout the country.
In 30-50 years the US really will be an islamic nation.
So sad.
Here is a follow up article by an American writer:
‘Geller: UK “Equalities” Chief Admits He Was Wrong, Muslims Won’t Assimilate’
Rick Rule on KWN
Thanks CFS.
Rick’s been making the rounds (like Jim Rickards did last weekend), because I also posted his Palisade Radio interview at the top of this weekend’s blog.
Thank you very much for a superb weekend show. I really enjoyed your discussion with John Kaiser on CVV. John is a very astute gold investor and he has some really interesting picks
Agreed.
NICE POP…………..UP $7……
I’ve waited until the end of the weekend so these won’t interrupt the conversation, and I apologize in advance for the length of these lists for those scrolling.
My intent is only to be helpful with potential stocks that we can research and I believe these are better lists than I’ve posted in the past.
GOLD MAJOR PRODUCERS Symbol
BARRICK GOLD CORPORATION ABX
AGNICO EAGLE MINES LTD AEM
ANGLOGOLD ASHANTI LTD AU
YAMANA GOLD INC AUY
GOLD FIELDS LTD GFI
GOLDCORP INC GG
RANDGOLD RESOURCES LTD GOLD
HARMONY GOLD MINING COMPANY LTD HMY
KINROSS GOLD CORPORATION KGC
NEWCREST MINING LTD NCMGF
NEWMONT MINING CORPORATION NEM
SIBANYE GOLD LIMITED SBGL
Streaming & Royalties Companies
ROYAL GOLD INC RGLD
FRANCO-NEVADA CORP FNV
SILVER WHEATON CORP SLW
SANDSTORM GOLD SAND
OSISKO GOLD ROYALTIES LTD OKSKF
ALTIUS MINERALS CORP ATUSF
ABITIBI ROYALTIES INC ATBYF
I used the criteria of Gold Producers between 100,000 and 1,000,000 ounces of production per year, but did include Jaguar & Richmont in here due to their multiple mines and they were pushing the envelop of 100,000 for this year.
__________________________________________________________________________
Gold – Mid-Tier Producers Symbol
ACACIA MNG PLC (BRITAIN) ABGLF
ALAMOS GOLD INC AGI
ALACER GOLD CORP ALIAF
ARGONAUT GOLD LTD ARNGF
B2 GOLD CORPORATION BTG
CENTERRA GOLD INC CAGDF
EVOLUTION MINING LTD CAHPF
CENTAMIN PLC CELTF
DUNDEE PRECIOUS METALS INC DPMLF
DRDGOLD LTD DRD
DETOUR GOLD CORPORATION DRGDF
ENDEAVOUR MINING CORPORATION EDVMF
ELDORADO GOLD CORPORATION EGO
HIGHLAND GOLD MINING LTD HGHGF
HECLA MINING COMPANY HL
IAMGOLD CORPORATION IAG
JAGUAR MINING INC JAGGF
CHINA GOLD INTERNATIONAL RESOURCES CORP JINFF
KIRKLAND LAKE GOLD INC KGILF
KLONDEX MINES LTD KLDX
KOZA ALTIN ISLEMELERI A S KOZAY
KINGSGATE CONSOLIDATED LTD KSKGY
MCEWEN MINING INC MUX
NORTHERN STAR RESOURCES LTD NESRF
NEWMARKET GOLD INC NMKTF
OCEANAGOLD CORPORATION OCANF
ORVANA MINERALS CORPORATION ORVMF
PRIMERO MINING CORP PPP
RICHMONT MINES INC RIC
RAMELIUS RESOURCES LTD RMLRF
SEMAFO INC SEMFF
SILVER LAKE RESOURCES LTD SVLKF
TROY RESOURCES LTD TRYRF
ZHAOJIN MINING INDUSTRY COMPANY LTD ZHAOF
*This list has had the most work done to it, but some of the companies previously on it like Kingsgate Consolidated or Ramelius or Troy Resources have been graduated to the Mid-Tier Mining list.
PLEASE – let me know if I missed any Mid-Tier or Small PRODUCERS.
I’ll put out updated Near-Term Producers, Development Companies, Optionality Take Out Targets, Project Generators, and JR Explorers next weekend.
Enjoy!!
__________________________________________________________________________
GOLD SMALL PRODUCERS Symbol
ABM RESOURCES NL ABU.AX
ASANKO GOLD INC AKG
ALKANE RESOURCES LTD ALKEF
AUREUS MINING INC ARSMF
BEADELL RESOURCES LTD BDREF
CALEDONIA MINING CORPORATION CALVF
DORAY MINERALS LTD DRM.AX
EXCELSIOR GOLD LTD EXG.AX
GOGOLD RESOURCES INC GLGDF
GOLD RESOURCE CORPORATION GORO
GOLDEN QUEEN MINING COMPANY LTD GQMNF
GUYANA GOLDFIELDS INC GUYFF
GOLDSOURCE MINES INC GXSFF
HAVILAH RESOURCES INC HAV.AX
INCA ONE GOLD CORPORATION INCAF
KIDMAN RESOURCES LTD KDR.AX
LUNA GOLD CORPORATION LGCUF
COMSTOCK MINING INC LODE
MEDUSA MINING LTD MDSMF
METANOR RESOURCES INC MEAOF
MILLENNIUM MINERALS LTD MOY.AX
MAYA GOLD MYAGF
ORVANA MINERALS CORPORATION ORVMF
PATAGONIA GOLD PLC PATAF
PERSEUS MINING LTD PMNXF
RAMBLER METALS & MINING PLC RBMTF
REGIS RESOURCES N.L. RGRNF
RESOLUTE MINING LTD RMGGF
RAMELIUS RESOURCES LTD RMLRF
SARACEN MINERAL HOLDINGS SAR.AX
SANDFIRE RESOURCES NL SFR.AX
STARCORE INTERNATIONAL MINES LTD SAM.TO
SULLIDEN MINING CAPITAL SMC.TO
SCORPIO GOLD CORP SRCRF
ST BARBARA LTD STBMF
TERANGA GOLD CORP CDA TGCDF
TIMMINS GOLD CORPORATION TGD
TOREX GOLD RESOURCES INC TORXF
GRAN COLOMBIA GOLD CORP TPRFF
WESDOME GOLD MINES LTD WDOFF
GOLD ETFs & Funds Symbol
DBIQ OPTIMUM YLD GOLD INDEX EXCESS RETUR DGL
DOUBLE GOLD DOUBLE LONG DGP
FIDELITY SELECT GOLD PT FSAGX
MARKET VECTORS GOLD MINERS TRUST GDX
MARKET VECTORS JUNIOR GOLD MINERS GDXJ
PROSHARES ULTRASHORT GOLD MINERS GDXS
GLOBAL X GOLD EXPLORERS ETF GLDX
PROSHARES ULTRASHORT GOLD GLL
GAMCO NAT RES GOLD & INC TRST BY GABELLI GNT
OPPENHEIMER GOLD & SPECIAL MINERALS CL A OPGSX
ISHARES MSCI GLOBAL GOLD MINERS RING
SPROTT JUNIOR GOLD MINERS SGDJ
SPROTT GOLD MINERS SGDM
FIRST EAGLE GOLD FUND CLASS A SGGDX
TOCQUEVILLE GOLD FUND (THE) TGLDX
VELOCITYSHS 3X LONG GOLD UGLD
GLBL INVEST FD WRLD PRECIOUS MINERAL FD UNWPX
US GLOBAL GOLD & PRECIOUS METALS FUND USERX
VAN ECK MERK GOLD ETF OUNZ
You’ve omitted Gold Standard Ventures GSV
I expect GSV to move up fast, as production is profitable and increasing.
They may not yet be officially producing, but their last two quarterly reports were increasing income. Zacks Investment Research put out a Strong Buy rating on them earlier this month.
I will go back and check.
I don’t use charts much, but this one is interesting:
CFS – Thanks for taking a deeper look at Gold Standard Ventures.
Yes on that chart it looks like it has broken out about that trend line. Nice!
I didn’t think they were producing. I just looked on their corporate presentation and the last time it showed production was in 2012.
When did they start production again and what is their 2016 guidance for production?
I’ve checked all their press releases and everything is either about drill results or that OceanaGold just took a big stake in them:
Ownership* %
Insider and associates 13 %
Institutional ownership: 50%
FCMI 15.5 %
Oceana Gold corporation 19.9 %
Goldcorp 9 %
American Century 5 %
I’ll put out updated Lists for Near-Term Producers, Development Companies, Optionality Take Out Targets, Project Generators, and JR Explorers next weekend.
Look forward to it Excelsior,
I maybe able to possibly add to it?…lets see?
Will let you know if I’m a shareholder in any I may bring up.
….I will more than likely be so afterall or I wouldn’t be following them too closely unless I hadn’t pulled the pin just yet.
Anyhoo…..look forward to what you come up with.
Cheers.
Sounds good Skeeta. You’ll see a few of the companies you recommended in that Small producers list up above. I am very grateful for the recommendations and companies you have shared on KER in the past. Thanks for always coming up with good ideas.
Were there any current Producers you can think of that weren’t on the lists above?
Please let me know if there are any I overlooked.
I can’t find really recent numbers for GSV; so I don’t think they are yet in production.
From Zacks, most recent report:
……..
Over the past two months, 1 earnings estimate has gone higher compared to none lower for the full year, while we are also seeing 1 upward revision compared to no downward revision for the next year time frame too. These revisions have helped to boost the consensus estimate as two months ago GSV was expected to post a loss of 7 cents per share for the full year, though today it looks to have a loss of 2 cents per share for the full year now, representing a solid narrowing of loss which is something that should definitely be welcomed news to would-be investors.
From Mar 10.
….
Given these factors, investors shouldn’t be surprised to note that we have GSV as a security with a Zacks Rank #2 (Buy) and a Momentum Score of ‘A’. So if you are looking for a fresh pick that has potential to move in the right direction, definitely keep GSV on your short list as this looks be a stock that is very well-positioned to soar in the near term.
I’m keeping them on the Jr Explorers list for now then, but thanks for the update from Zacks.
The two party political system is close to being over. There are many stories just like this around the country. It’s 2 minutes.
http://youtu.be/EgwXGXyLr2g
ONE PARTY…………TWO HEADED SNAKE PARTY……DEMOREPUBS…….
I wouldn’t touch a lithium stock with a ten foot pole. It seems to me over-hyped on unsound fundamentals just like graphite was a few years ago. Rick Rule is a wise man who calls it like it is and said Lithium was a big pump job and will go bust last December. His comments could be prophetic…go to the 12:20 mark.
The gold miners are climbing the EMA ladder…
Gold’s EMAs show just how well gold has held up when compared to the miners. We can see how important the 233 EMA has been lately (now 1258). Once gold gets through that level, all the moving averages will be below it. This is likely to cause an impressive surge right through 1308 with little trouble.
massive move in GOLD over night…………1254 target
The rise comes before the fall Frank. What you are seeing is a right shoulder form. If it comes to be then this is the last top for quite awhile. On that note the Yen is confirming a double top on the hourly chart. So gold will most likely be going down by tomorrow.
Game over………THE hedge funds have moved in…….big caps moving….. 🙂
OBAMA MUST BE WORRIED …..IF he is meeting with YELLEN
He is if its a date!
HA,HA…….GOOD ONE
Here you go Frank from Moscow. Your very own gold coins from India in nice little denominations of 5, 10 and 20 grams. They are called Gandhi’s since his face is on the obverse. You can display them alongside your Panda’s, Eagles, Maples and Kruger’s. Who knew eh…..well other than the people who have previously noted that India is the worlds single largest repository of gold on the planet.
Now, India’s very own gold coins
http://www.thehindubusinessline.com/portfolio/real-assets/now-indias-very-own-gold-coins/article8457903.ece
Sold first chunk of Silvercorp in 8 year’s.
Bleh….looks like my long USD trade has puked. Little hope of a recovery now. Oh well. Can’t win em all I suppose.
Thanks for your weekend show as always fella’s
Cheers.