3 Exploration Stocks Erik Is Watching In BC
Erik Wetterling, Founder of The Hedgeless Horseman joins us to share a few stocks he is excited about, focused in BC and with near term drill programs coming up. The stocks he mentions are Goliath Resources, Eskay Mining, and Kingfisher Metals. Please let us know what you like/dislike about any of these companies.
What are your thoughts on Strikepoint? I bought at the wrong time, so performance was always going to lag the rest of the portfolio but it still seems quite a poor performer over 2021.
I’m not sure whether to trim some of the position and put into other juniors. Interested in your thoughts.
I bought STKXF@ .18 and plan to hold it to see how the drilling goes this summer. I forgot to list White Gold and White Rock as holdings.
I bought near the start of the year and then added more below 0.20, so I’m breaking even. I’m more annoyed at myself for buying a tranche in Jan. Live and learn as they say. Obviously news flow will be slow until drilling results but I was hoping to see a bit more buzz about the company and stronger share price performance. Although perhaps I’m being a bit unrealistic.
I appreciat
I bought near the start of the year and then added more below 0.20, so I’m breaking even. I’m more annoyed at myself for buying a tranche in Jan. Live and learn as they say. Obviously news flow will be slow until drilling results but I was hoping to see a bit more buzz about the company and stronger share price performance. Although perhaps I’m being a bit unrealistic.
Speaking of MUX… It had a nice 12% pop today that I sold into.
That takes me to 1 profitable trade, 1 wash trade, 1 trade at a loss, and now a 2nd profitable trade. It’s been a long journey with McEwen Mining, but I decided to book the win today, even though it has further to run. I’m moving some funds downstream into some earlier stage drill plays for the upcoming season, but will look to get back into MUX if we get a sector correction again.
Interesting article today on SA by Laurentian, talking about Dakota Territory Resource.
As for Dolly Varden, I’m happy to see that they just announced a 10,000 meter drill program and would like to see it start moving again soon.
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(DV) (DOLLF) Dolly Varden Mobilizes to Commence Resource Expansion and Upgrade Drilling at Torbrit Silver Deposit and Exploration of New Priority Silver Targets
by @newswire on 7 Jun 2021
“The planned program will be split with 5,000 meters allocated to Phase I program of delineating and expanding the Torbrit Silver Resource and 5,000 meters of exploration drilling with the objective of discovering new deposits.”
https://ceo.ca/@newswire/dolly-varden-mobilizes-to-commence-resource-expansion
That’s one helluva list bonzo! I own all except Fury, Banyan and Terra (in BC). It’s easy to look at some who have already run and think the opportunity is gone. My ESK position is way too big in reality but I am too lazy to sell any. And I think it has some of the highest total blue sky potential around anyway.
Gl to us 🙂
/Erik
We appreciate you sharing some of your stock picks with us amigo.
May your trades be very prosperous, so that you can just lazily ring the register. Haha!
Cheers!
Boiiinnng!!
I like the sound of that!
I’m betting the low is place for SILJ vs UEC…
https://stockcharts.com/h-sc/ui?s=SILJ%3AUEC&p=W&yr=5&mn=8&dy=0&id=p78891064699&a=778106946
Down Goes Frazier…Down Goes Frazier…time to go the other way
Erik, I just bought more ESK yesterday. If Quinton likes it enough to own 900000 shares he must really like it. It’s his largest holding after Novo. If they find another Eskay Creek they could be a 10 bagger still. DO you live on the Af Chapman? I spent 3 nights there in 1974.
Took the train up to Abisko national park too. What a great place! Maybe there is gold there…
Erik may be out panning gold their right now…. staking his ground to launch his new exploration company…. Hedgeless Discoveries 😉
their = there
It’s a good sign for the whole sector that SILJ looks so good versus GDX.
https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=1&mn=0&dy=0&id=p73537418145&a=961488305
GDX looks great versus SPY.
https://stockcharts.com/h-sc/ui?s=GDX%3ASPY&p=D&yr=1&mn=1&dy=0&id=p26257554781&a=964878287
Kinda a bull flag…???
Yes.
Easier to spot.
😉
I posted in yesterday’s threads, so I will post again…Good drill results for GR Silver.
Agreed David.
GR Silver Mining Intersects 10,777 g/t AgEq Over 0.65 m at the La Colorada Vein, in the San Juan Area
10 Jun 2021
LCS21 -04
9.0 m @ 946 g/t AgEq1, from 170.0 m including 0.65 m @ 10,777 g/t AgEq (8,519 g/t Ag, 18.77 g/t Au, 8.9 % Pb, 0.7 % Zn, 0.2 % Cu) from 176.9 m
SJD-06
6.9 m @ 467 g/t AgEq from 29.6 m, including 2.1 m @ 1,306 g/t AgEq (938 g/t Ag, 3.3 g/t Au, 0.3 % Pb, 0.7 % Zn) from 32.3 m
https://ceo.ca/@newswire/gr-silver-mining-intersects-10777-gt-ageq-over-065
The 10,777 Ag was an equivalent grade. It was actually only 8519g/t Ag.
Correct. Their title said 10,777 g/t AgEq (silver equivalent).
The whole outlined that it was 4/5 Silver, and 1/5 Gold, Lead, Zinc, Copper making up the balance, and those specific metrics were listed right after the 10,777 g/t AgEq. I post them again below for quick reference. It’s a narrow intercept, but was also just a part of a 9 meter section of 946 g/t AgEq.
Here is that intercept breakdown 10,777 g/t AgEq = (8,519 g/t Ag, 18.77 g/t Au, 8.9 % Pb, 0.7 % Zn, 0.2 % Cu)
whole = hole, but that was the whole breakdown of the hole. Ha!
SILJ is above last summer’s high but not when priced in silver. It still needs to rise over 14% for that breakout (and that’s if silver doesn’t budge)…
https://stockcharts.com/h-sc/ui?s=SILJ%3ASLV&p=D&yr=1&mn=1&dy=0&id=p39688216558&a=806574813
A single daily close above .82 is probably all IPT needs to get moving.
https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=5&mn=7&dy=0&id=p41364281012&a=723321278
What was resistance, becomes support…hopefully…
And a single daily close at .75 will probably tell us that .82 is about to fall.
https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=0&dy=11&id=p74384021550&a=965407500
A walk up the lower fork…
GLD looks ready to shoot higher versus UUP.
https://stockcharts.com/h-sc/ui?s=GLD%3AUUP&p=D&yr=1&mn=0&dy=0&id=p08715647572&a=970024611
Looks like Part III coming up. Weird looking but repetitive so far.
The first GLD chart above
Exactly. And even if part 3 is somewhat truncated relative to parts 1 and 2, it should do wonders for the miners.
I am posting this again…..Goldtard…….
https://www.zerohedge.com/geopolitical/frances-macron-urges-g-7-sell-gold-reserves-fund-bailout-africa
At least Gordon Brown sold Britain’s Gold (at lows) to the City/Rothschild.
ENDR drilling into what is thought to be the first IOCG deposit ever discovered in the Golden Triangle. When they hit …..
RenMac Legends: A Conversation with Stan Weinstein
“Stan Weinstein was the editor and author of “The Professional Tape Reader”, and the 1988 book “Secrets for Profiting in Bull and Bear Markets”, where he describes his 4-stage approach to security analysis. Stan has been actively engaged in the markets since the early 1960 and has been credited with some of the most important calls over the last 50-years, due in no small part to his rigorous process and stage analysis.”
https://www.spreaker.com/user/renmac/05172021-podcast-stanweinstein
Fireside Chat: Why #Uranium Investing is Now Different…
Red Cloud 2021 Uranium Conference – May 17, 2021
Hedge Fund Behind Amazon-MGM Deal Amasses Big Bet on Uranium
Wall Street Journal – By Joe Wallace – June 10, 2021
“The hedge fund behind the Amazon.com Inc. -MGM Holdings Inc. deal has another trade up its sleeve: going big on uranium.”
“New York hedge fund Anchorage Capital Group LLC has amassed a holding of a few million pounds of uranium, people familiar with the matter say, in a bet that prices of the nuclear fuel will recover after a decade in the doldrums. It is buying and selling uranium alongside mining companies, specialist traders and utility firms with nuclear-power plants, turning the fund into a significant player in the market.”
Grid Reliability Report Highlights Benefits of Pairing Advanced Nuclear with Renewables to Ensure Power Stays On
#JDSupra – June 10, 2021 – Hogan Lovells (co-authors: Mary Anne Sullivan, Sachin Desai, Stephanie Fishman)
“Many advanced reactor developers are designing their technologies to pair with renewables. A recent report from the North American Electric Reliability Corporation (NERC), the government entity responsible for overseeing America’s bulk power system, underscores the benefits that can be achieved through an advanced nuclear/renewable energy partnership to compensate for the intermittent nature of solar and wind power.”
https://www.jdsupra.com/legalnews/grid-reliability-report-highlights-5714864/
‘CryptoPunk’ NFT sells for $11.8 million at Sotheby’s
By Elizabeth Howcroft June 10, 2021 – Reuters
“A non-fungible token (NFT) of a digital artwork called a “CryptoPunk” sold for $11.8 million on Thursday, auction house Sotheby’s said.”
CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017. The one sold by Sotheby’s — “CryptoPunk #7523” — is of the sought-after Alien variety with blue-green skin, and wearing a medical mask.
The work is in the form of an NFT – meaning it is authenticated by blockchain, which certifies its originality and ownership. The NFT is sent to the buyer’s cryptocurrency wallet; no physical artwork changes hands.
“CryptoPunk #7523” was sold for $11,754,000 as part of the Sotheby’s online auction “Natively Digital: A Curated NFT Sale”, which fetched a total of $17.1 million across works by 27 digital artists.
Had to split Thursday in two: https://tinyurl.com/4nnha2vd
Bottom foretold by HUI and XAU on Tuesday and Wednesday.
Thursday candles are bullish engulfments of the previous 5 PM trading days.
Rates seem to be bottoming, as the dollar strengthens. How will Gold hold?
That should be “…4-5 PM trading days.” (HUI and XAU).
10 day moving average on the daily and monthly showing explosive move up now and going forward. I think even if there is a drop many miners will show strength agasint.
Impact breaking out good call matthew and many others seem to be getting ready that is for developers and small cap there time has come. Someone asked yesterday regarding usa.to which i don’t own but is sure seems like a bottom is in.
good luck to all
Now brixton needs a good kick in the butt and when it does its going to go pretty quickly imo.
cheers
We had some significant but hidden bullishness today in the form of silver rising 1.31 percent versus gold despite the fact that gold had a bad day.
Silver:Gold just gave its first daily MACD buy signal in two months.
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24GOLD&p=D&yr=0&mn=11&dy=0&id=p55870838158&a=770101950
IPT gapped up 2.57% today but bearishly reversed to finish the day and week below .75 which adds credence to my comment above, yesterday:
On June 10, 2021 at 11:47 am,
Matthew says:
And a single daily close at .75 will probably tell us that .82 is about to fall.
— — — — —
It also avoided a daily MACD buy signal and gave up the pivotal 50 RSI(14) level. Still, I think the odds are good that next week will be positive.
https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=0&dy=11&id=p16758973475&a=965407500
I agree Matthew 🤞
Thanks, Erik. I have already doubled my money in Goliath and Eskay and am hoping they will be 10 baggers. I don’t own Kingfisher yet but do own Dolly V, Enduro, Strikepoint, Fury, Banyan, and Gold Terra which should make for an exciting summer in Canada. And then there is Labrador and NFGFF too in the east, and MUX and Pure and KL and Agnico. I hope Trudeau does not nationalize the mines!