Erik Wetterling – Yukon Site Visit Recap For Snowline Gold, Fireweed Metals, Banyan Gold, and White Gold
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review a recent trip to the Yukon territory of Canada, where he recaps his overall takeaway from this jurisdiction and his boots-on-the-ground site visits to Snowline Gold (SGD) (SNWGF) , Fireweed Metals (FWZ) (FWEDF), Banyan Gold (BYN) (BYAGF), and White Gold (WGO) (WHGOF).*
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.
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Another pullback for a lot of the PM stocks—It will be another chance to add for the long haul. One wonders whether the conventional markets are looking at a double top. I believe we’re looking at a lost decade for the conventional markets overall. The PMs still have some work to do before “hope that springs eternal” becomes summer. This year into next year should be a great time to build your long term portfolios. The worse should be over by the end of 2024.
More “next year”. What’s wrong with now.
It is always next year…..
When I wake tomorrow, if that actually happens, I would like to see change. Now is more appropriate.
6Always another year or two before gold miners start big moves, seems like we been hearing that for last 5 years now two more.
Jordan Roy-Bryne said need stock market crash so fed will lower rates to save it that is not happening he was totally off on his timing and keeps pumping 3x to 10x in his portfolio but will happen in 2025 to 2027.
He better look at his portfolio gains today since 2015, oops there are none he invested aprox $150K then, and now 8 years later portfolio still worth $150K and to boot many stocks have changed so seems like no profit taking a long way.
Who would invest $150K and in 8 years have no gains what is this knucklehead investing in, oh yeah the last pump top 10 X pick almost 2 years ago now it down over 80 percent, why do these guys keep bringing him on when they get free newsletter and if they went into archives they see what was done since 2015 and especially going into 2020, he watch all his gains go to zero sold in March 2020 sat in cash he started with in 2015 and then started over and now in 2023 still no gains, eight years of bad picks and talking big cup and handle, fed rate hikes and stock market crash, all wrong for 8 years, shouldn’t even be be able to promote his newsletter and his pics on this site, he always wrong and his portfolio backs up his worthless stock pics, just check his archives over last 5 years.
Need to end the paper price setting mechanisms in the Western World. They are thieves and the markets know it. There should be no “protected” sectors for criminals.
It looks like first come first served for the creditors looking for a piece of Citgo. Bring on the fall auction!
Same algos, same open, general markets up, debt not paid, inflation not fixed, data still false. Better things to do.
Stocks Gain As PCE Data Shows Inflation Cooling: Stock Market News Today
Karen Friar and Hamza Shaban – Yahoo Finance – Fri, July 28, 2023
“Stocks rebounded early Friday, with the Federal Reserve’s preferred inflation measure showing a continued cooling in pricing pressures in the US economy.”
The Personal Consumption Expenditures (PCE) Price Index out Friday morning showed that on a “core” basis — which strips out food and energy — prices rose 4.1% over the prior year in June, the least since September 2021.
“The data follows CPI numbers earlier this month that showed core inflation rose 4.8% over the prior year. On a headline basis — which includes food and energy — both PCE and CPI showed prices rose 3% over last year.”
“Earlier in the morning, a surprise Bank of Japan rate shift rattled markets…”
There are some discrepancies in the price of gold being reported on different media and charting platforms this morning that people are noting on multiple chat boards. This is due to different platforms still reporting older versus newer futures contracts. There is nearly a $40 range of gold prices from around $1958 on the August contract to $1996 on the newer December front month contract. Traders are more bullish for gold prices near year-end than they are for later this summer.
You missed SIG or Sitka monster find is being uncovered
Hi Harry:
Welcome to the Korelin Report. If you like a certain stock the next step is WHY? Is the Sitka monster like Bigfoot or does it have a story to tell because of drilling results. If you are interested in a company play it would be nice if you could let the rest of us know what you’re thinking is on this stock. We are willing to read and learn but you must provide us with a little background information into your reasoning, otherwise it is like this, I know, I know, I know! DT
Thank you Harry, I’ll have a look and see what’s going on there.
It was great to have the Hedgless Horseman back on the show again after his travels.
Nice to get the site visit recap on some of the companies lighting up in the Yukon.