Brien Lundin – Newmont Earnings Recap; Open Pit Mining In Mexico And Opportunities In Silver Stocks
Brien Lundin, Editor of the Gold Newsletter and our host at the New Orleans Investment Conference joins me to analyze Newmont’s earnings report, highlighting the growth in revenue and gold production alongside concerns about rising costs, and the market reaction. We also delve into opportunities within the silver sector amidst the recent price breakout. Additionally, we touch on the implications of changes in Mexican leadership for silver mining investments and provide insights based on historical market trends.
Click here to learn more about the New Orleans Investment Conference on November 20-23.
Silver looks great across all timeframes…
Monthly:
https://stockcharts.com/h-sc/ui?s=SLV&p=M&yr=16&mn=0&dy=0&id=t8351799038c&a=1359234359&r=1729800967268&cmd=print
But it did run into resistance this week…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=8&mn=11&dy=0&id=p69155024785&a=501194637
For only the second time this year silver is a good-looking weekly buy vs gold…
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24GOLD&p=W&yr=2&mn=7&dy=0&id=p04386147723&a=899985381
Silver looks fantastic vs the CPI after breaking out against it in April…
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24%24CPI&p=M&yr=9&mn=1&dy=0&id=p66321117048&a=1589894280&r=1729801733623&cmd=print
The quarterly version of that chart broke out at the end of 2023 and shows the potential for many years of silver outperformance.
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24%24CPI&p=Q&yr=11&mn=0&dy=0&id=p31765829916&a=1589896799&r=1729801911121&cmd=print
Best for last: The yearly picture (as well as some others) argue for 2024 being the most important year for silver in decades. If stockcharts cuts off the left side for nonsubscribers that line began at the close for 1979.
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24%24CPI&p=Y&yr=50&mn=1&dy=0&id=t9529882481c&a=1563895173&r=1729803238491&cmd=print
This two day pullback for IPT is nothing but a good thing…
https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=1&dy=0&id=p99228687495&a=1810842295
My Cerro de Pasco was a barn burner today, most of my stocks looked very good, but I think Stillwater Critical Minerals is getting the bum’s rush by most investors. It was up but it continues to lag way behind, and they have a great resource, contrarians know this, but the herd hasn’t figured it out. Investors on The Ker Report have been tuned into Stillwater or the old Group Ten for almost 10 years and we will see a re-rating in the very near future. DT 😉
One more little pullback on Stillwater and I’ll take an initial position
Eric Sprott bought all the shares in the last PP for Cerro de Pasco Resources Inc. (CSE CDPR), and Chen Lin has been pounding the drum for a while now. As always DYODD! DT!
I first posted this chart in 2021 and its message was correct: Buy silver over copper.
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24COPPER&p=M&yr=30&mn=0&dy=0&id=t7156691760c&a=1029108470&r=1729803638207&cmd=print
Copper is a weak sister…… housing is avoiding copper piping…. plastic is the rage…. 🙂
I’ll be in New Orleans. See you there.
I will see you in the s-clubs above the bars on Bourbon Street, don’t be late you may miss the eye candy! LOL! DT 😉😜👀
It was 4 weeks ago that I called TSLA fully bullish and then it backtested the all important “P” price pivot for the last 3 weeks (successfully) and now it’s blasting off and likely heading for 500+…
https://stockcharts.com/h-sc/ui?s=TSLA&p=W&yr=5&mn=0&dy=0&id=p35564064071&a=1716139328