Gold and Silver Continuing To Get a Buy
Chris Temple and I look at the market moves today which are in favor of the precious metals once again. There could be many reasons for this move but we focus on the tax reform topic that still has a lot of questions around it as well as a general slowdown in the US markets. Oil is also a topic of discussion as crude is holding above $57 barrel after a drop this morning but the supply side of the equation thanks to a higher US rig count continues to be too high.
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SD:
You know of course that there is no such thing as a “Comex Bank” and that he made that up. You don’t think he’s trying to feed your fantasies just to get people to listen to him, do you?
SLV is shaping up bullishly:
http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=7&dy=14&id=p53895860623&a=553075599
Peeyush Varshney: High Grade #Zinc in the Canadian Rockies $CZX $CZXMF
Palisade Radio – Collin Kettell – November 08, 2017 – #AudioInterview #Exploration
http://palisaderadio.com/peeyush-varshney-high-grade-zinc-in-the-canadian-rockies/
(TK) (TKRFF) Tinka more than doubles inferred mineral resources at Ayawilca: 42.7 million tonnes grading 7.3 % zinc equiv., & 10.5 million tonnes grading 0.70 % tin equiv.
by @newswire on November 8, 2017
https://ceo.ca/@newswire/tinka-more-than-doubles-inferred-mineral-resources
(VTT) (VDTAF) Vendetta Reports Drilling Results from Zone 5 at Pegmont Lead-Zinc Project
by @newsfile on November 7, 2017
https://ceo.ca/@newsfile/vendetta-reports-drilling-results-from-zone-5-at-pegmont
(CNX) (CLLXF) Callinex Mines #VIDEO Corporate Presentation
ceo.ca Subscriber Summit – Nov 1, 2017
Callinex Mines Inc. (CNX) (CLLXF)
Max Porterfield, President & CEO
Corporate Presentation – Zurich, Switzerland Precious Metals Summit – Nov 8th, 2017
E:
What do you think of Silver Bull?
Hi Bob M. I have them on my close watch list and was impressed with their Silver and Copper drill results in October, but haven’t done a deep dive.
Here are the #Silver stocks that animate me at present:
Americas Silver Corp, Endeavour Silver, Excellon Resource, Impact Silver, Avino Silver & Gold, Santacruz Silver, Alexco Resource, Aurcana Resources, Bayhorse Silver, Kootenay Silver, Brixton Metals, Klondike Silver, Dolly Varden Silver, Silvercrest Metals, Defiance Silver _______________________ I have positions in all the stocks above
*Bear Creek Mining Corp, *Metallic Minerals, *Bitterroot Resources, *Golden Goliath, *Minco Silver, *Hunt Mining Corp, *Southern Silver, *Silvercorp Metals,
______________________ These above are on the want/buy list
Santana Minerals, Silver Spruce Resources, GoGold Resources, Golden Arrow Resources, Golden Minerals, Silver Bear Resources, Silver Bull Resources, Oceanus Resources, Levon Resources, Silver Mines Ltd, Prospero Silver, Azure Minerals, Azarga Metal, Abraplata Res.
—————– These are being evaluated
I’ll definitely take a closer look sometime soon. Thanks!
Here’s some news in the Silver sector that caught my interest on (AXU) (AXR):
Alexco Resource Corp. Drills 5.15 Metres of 1,547 g/t Silver at Bermingham Deposit
November 7, 2017
Fwiw: At 50 g/t silver, it strikes me as more of a zinc company that has silver credits. With roughly $41/t rock (NSR) and 234M fully diluted shares, it seems like it will probably underperform many peers until the silver price is significantly higher.
Technically, it looks unlikely to go much lower unless the whole sector goes with it:
http://stockcharts.com/h-sc/ui?s=SVB.TO&p=W&yr=3&mn=3&dy=22&id=p22152349324&a=555629591
Matthew. Thanks for the Silver Bull chart and thoughts.
In contrast, the continued high grade hits Alexco keeps unearthing at Bermingham are much more valuable rock. Impressive.
of course, according to spanky Alexco is going down the drain…. 🙂
Yes, you can tell it’s going down the drain by the fact that it is currently up only 487% since last year’s low.
+487
Silver Bulls Should Be Bullish on Silver Bull
Bob Moriarty – Nov 9, 2017
http://www.321gold.com/editorials/moriarty/moriarty110917.html
Keynote Presentation – #VIDEO
Rick Rule, President & CEO, Sprott U.S. Holdings Inc.
Zurich, Switzerland Precious Metals Summit – Nov 7th, 2017
Keynote Presentation: Ronald-Peter Stöferle
Investment Manager, Incrementum AG
Zurich, Switzerland Precious Metals Summit – Nov 8th, 2017
Someone deleted some code in a popular cryptocurrency wallet — and as much as $280 million in Ether is locked up
Becky Peterson – 23h
http://uk.businessinsider.com/ethereum-parity-wallet-hack-freeze-missing-code-2017-11?r=US&IR=T
Argonaut Gold Announces Feasibility Study Results for Magino Project; After-Tax NPV of US$288 Million
K92 Mining Drills 3.40 Metres of 11.76 g/t Gold and 2.84% Copper at Kora Vein in Papua New Guinea
Why IAMGOLD Corp (USA) Stock Popped 10% This Morning
Motley Fool Rich Smith, The Motley Fool,Motley Fool 2 hours 42 minutes ago
https://www.yahoo.com/finance/news/why-iamgold-corp-usa-stock-184600570.html
That title was confusing. For clarity this was the USA listing for IAMGOLD (NYSE: IAG)
(SGX) (SGGDF) Sage Gold – First Gold Production From Clavos Mine
@marketwired on November 8, 2017
https://ceo.ca/@marketwired/sage-gold-first-gold-production-from-clavos-mine
Copper, iron ore prices up despite plunge in Chinese imports
Frik Els | about 4 hours ago
http://www.mining.com/copper-iron-ore-prices-despite-plunge-chinese-imports/
Well it’s about damn time…… Finally some real supply destruction in the Uranium space:
(CCO) (CCJ) Cameco to suspend production from McArthur River and Key Lake operations and reduce its dividend
Saskatchewan, Canada – November 8, 2017
Now maybe the Utility companies may raise their eyebrows and take notice that an industry leader like Cameco is shuttering production.
* Here’s a clue Uranium Industry – No company is going to produce at $20 lb. Period.
> Raise it to $50-$60 and then you’ll have a source of future supply. Otherwise, the supply will go bye-bye and it’s lights out.
Cameco’s chart certainly looks good:
http://stockcharts.com/h-sc/ui?s=CCJ&p=W&yr=8&mn=0&dy=0&id=p95121661434
That’s a real hum-dinger alright. I’m curious if they’ll be any industry drag from this Cameco news, but there were a number of smaller companies that actually sprung up on the news (being seen as painful but a positive overall).
Still others rightly pointed out that if Cameco sells off, it will drag the ETF (URA) down with it, and that will drag down other stocks featured more prominently in that ETF. Definitely something to consider.
For those who care….Rick Rule on bnn tomorrow at 5:30
On the same subject: http://news.goldseek.com/GoldSeek/1510160632.php