The FedEx/Amazon News And How To Trade It, Plus Targets For The S&P
Allison Ostrander, Director of Risk Tolerance at Simpler Trading kicks off today with comments on the big down day for FedEx shares on the back of Amazon advising its sellers to avoid using the company for holiday shipments. We also look at the overall health of the US markets for 2020. Politics plays a roll but so does market liquidity.
Click here to follow along with what Allison is trading over at Simpler Trading.
Just like I thought. I said to Matthew that there was a risk it would reach 0,16 and that I would buy there.
Now I’m thinking it’s on its way to 0,10 in this uncertain environment to build a basingpattern.
Paging Matt!! :))
I was watching your conversation and thought it was going lower. Thanks for alerting me to it. It should bottom the next 2 weeks and I’ll be a buyer soon.
If it does I will be a buyer too👍
I said two days ago that one or two semi large sellers could make .14-.15 happen easily.
Today’s volume was 5.5 times the norm and the VWAP was .155 — right in the middle of the day’s .14 to .17 range.
Guys, it has now retraced the entire move that began on the day of this press release:
http://brixtonmetals.com/brixton-metals-drills-554-70m-of-1-97-g-t-aueq-including-135-96m-of-1-35-g-t-au-0-31-cu-133-62-g-t-ag-or-5-00-g-t-aueq-including-6m-of-3-56-cu-3-37-g-t-au-257-77-g-t-ag-at-its-thorn-project/
If you’re bullish silver, it’s a strong buy in my book. Of course it CAN go lower but it’s a good sign that volume is three times the daily average for the last 90 days and there’s still several hours left.
News:
Brixton Metals Discovers Porphyry Style Mineralization at the Camp Creek Copper Corridor and Drills 230.82m of 0.27% CuEq at its Thorn Project
The VWAP for BBB is .1538 so far and my average price for today is just slightly above that.
I bought another slug this morning. Looks like a pretty good decision so far.
Good for you! I should have bought more. I didn´t see that reversal coming.
I hope we see new highs.
Cheers!
We’ll see if it sticks Miklo! Could be some additional vol tomorrow with op expiration. Good luck and Cheers back at you Miklo!
Alot of my shares are down today, and gold has moved up.
That just indicates to me that there are not alot of people in the jr mining space yet.
Share price up down a few % points, floating around as they have been, if PMs are going to move up, shares are a buy anywhere around here.
Course if Dent is right were all toast. lol
Yeah, the miners have been a bit disjointed from the daily price of gold, but both have been generally trending higher the last few weeks.
Dent’s credibility is what is toast 😉 🤫
Exc, may I ask what your largest holdings are?
Hi Miklo – Sure. My biggest holdings are mostly in the Producers (Mid-tier down the small and even the distressed producers). I have a fair bit of more advanced developers that I see as good projects to move towards production and/or that may eventually get acquired by Producers, and do sprinkle in some explorers in each sector for some upside torque.
Most of my focus at present is in Gold & Silver companies, but I do have some Base Metals, PGM, Uranium, Lithium, and a few royalty companies in the portfolio as well.
These are my current Silver mining stock holdings (always subject to change of course):
> Silver Producers:
First Majestic Silver
Silvercorp Metals
Americas Silver Corp
Endeavour Silver
Avino Silver & Gold Mines
Excellon Resources
Impact Silver Corp
Santacruz Silver
> Silver Developers:
Bayhorse Silver
Alexco Resource Corp
Aurcana Corp
Kootenay Silver Inc
Discovery Metals Corp
AbraPlata Resource Corp
> Silver Explorers
Metallic Minerals
Dolly Varden Silver
Defiance Silver
Orex Minerals Inc
There are Zinc companies I hold like Cantex or Tinka or Trevali that also have some Silver exposure too, or Gold companies like Brixton or Mandalay that have significant Silver exposure as well, but I have them categorized in other areas for their primary focus.
For Gold companies, I change out my holdings more often and am spread over more companies than in the Silver sector, so I’ve built my own ETF of sorts, but it is strongly skewed to the Producers and the largest positions are in the Mid-tiers and decreasing in weight as it comes down the food chain into the developers and explorers.
> Gold Producers:
Resolute Mining
Equinox Gold
Argonaut Gold
K92 Mining
Roxgold Inc
Jaguar Mining
Alio Gold
Mandalay Resources
Northern Vertex
Hummingbird Resources
Blackham Resources
Bonterra Resources
Harte Gold
Anaconda Gold
Inca One Gold
Mexus Gold
> Gold Developers
Minera Alamos
Mako Mining
Pure Gold Mining
Orezone Gold
Sabina Gold and Silver
West Kirkland Mining
Falco Resources
Treasury Metals
Scorpio Gold
Orefinders
> Gold Explorers:
Lion One Metals
Brixton Metals
Sarama Resources
Osprey Gold
Northern Shield
> Gold Royalty Cos:
Maverix Metals
Golden Valley Mines
Sailfish Royalty
Again, there are some base metals companies I hold with some Gold exposure as well like Regulus Resources (Copper with Gold), Balmoral (was more Nickel, but I guess the interest in 2019 has shifted them much more to the Gold story), SolGold (Copper w/ Gold).
Also Americas Gold & Silver has much more Gold exposure now due to their acquisition of Pershing Gold and their Relief Canyon project moving into production this year.
Wow, are there any companies left in the sector you don´t own? :)) You make Sprott look like an amateur.
Thats an impressive list. I wish you the best of luck!
Haha! Thanks Miklo, but my position sizes are much smaller than Sprott’s are. 🙂
BBB Brixton is more of a play on Gold now than Silver as they’re most focused on Thorn & Atlin. They still have Langis and Hog Heaven but aren’t doing much with them, and are talking about optioning them to other companies.
I have to disagree since Thorn and Atlin have less “in the bag” than Hog Heaven (which is still in focus for 2020 along with the gold projects). The 50 million ounces of silver at Hog Heaven will add more to the share price as silver climbs than will the potential of the gold projects as gold climbs.
http://brixtonmetals.com/wp/wp-content/uploads/2019/11/BBB-November-2019-v2.pdf
There are definitely some good ounces in the ground there, and yes those pounds in the ground will grow in value over time as Silver ratchets higher, but when the fickel marketplace looks at the newsflow from Brixton, or their self-admitted company focus, it has been on their Gold properties and exploration activities in 2019 and moving into 2020, not so much on Hog Heaven or Langis.
Brixton did mention earlier in the year that while they are as focused on their Silver properties at present, that they would like to option them out to other companies to explore and that may move the markets some. My only point was that in 2016 they were far more focused on their Silver/Cobalt exploration than they are now and it won’t be as responsive to Silver prices now as it was then. They’ve responded much more to drilling news for gold.
Regardless the PMs will move higher in tandem, and will help gold and silver companies alike, but there are other companies more geared to leverage in Silver as their primary focus.
correction: “while they are (not) as focused on their silver properties…..
In their new presentation it does look like they are going to do some confirmation drilling on Hog Heaven, but it doesn’t mention any work on Langis, which is what created the most interest in their Silver/Cobalt exposure a few years back (which is a shame as that property still looks like one of the most interesting ones).
In addition, typically drilling which is infill and produces more results where deposits are already know like Hog Heaven, but really on any development project, don’t seem to get the market response that new blind discoveries or new greenfield discoveries get, but I’m wishing the Brixton team well, and I’ve been a shareholder since early 2016 and am always more animated by Silver exposure than almost any other commodity.
The critique on Hog Heaven has been the number of Silver projects that remain opposed by community and lengthy permitting in Montana (which Coeur an prior companies have had challenges with for some time). Ironically, the Palladium/Platinum mine Stillwater is a standout in Montana though, and I hold (PGE) Group Ten metals exploring right next to their mine, so that area doesn’t seem to get the same pushback.
It would be nice to see some of the silver projects in Montana come back to life this sector and if Coeur can get some of the delayed and stranded projects moving again, then this would be a big boon for Brixton’s Hog Heaven as well.
All that may be but it’s those silver ounces in the ground that make it move the way it does with the silver price. Whether they’re focusing on the property or optioning it, it’s still their most significant asset. The share price quadrupled between May and August primarily because of those ounces and it consistently tracks silver very closely because silver price swings translate to big swings in the value of the asset. Those swings are large for such a small company.
If we thought that silver was going to do nothing, then the gold exploration properties would be the only reason to own it.
https://stockcharts.com/h-sc/ui?s=BBB.V&p=D&yr=5&mn=0&dy=0&id=p63083524168
BBB bottomed with the silver stocks, 37 weeks after the gold stocks bottomed:
https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=5&mn=0&dy=0&id=p47500562058
Those are good points Matthew, and very encouraging to see. I agree that if Silver were to stay flat (which be both know is not likely) then the Gold exploration would be the drivers, and I still believe they are key drivers, as some of the increase it had was on the back on some exploration work, but it is nice to see it track with the Silver price as well. I agree that the ounces they have locked in the vault of the earth will only get more valuable, and that is an encouraging thought for sure.
Cheers!
Bottom line, it’s got a lot going for it at the current price as long as we aren’t wrong about the metals.
Cheers Ex!
Agreed!
Kirkland Lake aims to produce 950,000 to 1M oz in 2020
2019-12-18 18:36 ET – News Release
Mr. Tony Makuch reports
KIRKLAND LAKE GOLD TARGETS CONTINUED STRONG OPERATING RESULTS IN 2020, COMMENCING THREE NEW PROJECTS TO DRIVE PRODUCTION GROWTH
Kirkland Lake Gold Ltd. has released its full-year guidance for 2020, which includes continued strong operating and financial results, with consolidated production targeted at 950,000 to one million ounces and operating cash costs per ounce sold and all-in sustaining costs per ounce sold expected to average $300 to $330 and $570 to $630, respectively. The company will also continue to invest aggressively in growth, including commencing work on development ramps aimed at establishing two new mining operations, Robbin’s Hill at Fosterville and the previously identified high-grade zones near surface along the amalgamated break at Macassa. The company will also continue advanced exploration work in the Northern Territory, a potential third new source of future production. The company expects to produce 100,000 to 120,000 ounces in the Northern Territory in 2020, which is not included in the company’s 2020 guidance pending the resumption of commercial operations. All dollar amounts are expressed in U.S. dollars unless otherwise noted.
I HAVE JUST ONE QUESTION TO ASK ?
WHY PRODUCE CLOSE TO 1 MILLION OUNCES ?
When will miners understand that it is their production that is allowing manipulation to suppress prices. Mining would be so much more profitable IF prices were higher.
There is nothing wrong with exploring ad finding more metal; but it goes against their true interests for miners to produce and put metal on the market, before the manipulators are destroyed.
In silver especially it would only take a few billion dollars worth of silver to end manipulation.
For the love of God, DO NOT bring that weasel scammers name in this fine forum.
That man is a proven liar, deceiver and rotten to the core. He Always announced “The Trade of the century” to his brainwashed followers so that he could dump the stock. He, the Kettels and that ultraweasel Rick Rule are all of the same: organized Pump&Dumpers!
Read SH if you want to find out Moore.
His latest P&D was Lucara. Look where its at now…
Some of the research that comes from Katusa’s team is ok, like that piece posted above, but in general he is more of a warrant weasel 🦡 (even though he fancies himself as an alligator🐊).
He’s had a ton of pump n dumps though where he pat’s himself on the back for selling at a gain (after dumping shares and holding warrants into his marketing hype) to the greater fools, his followers like Nothern Dynasty, Black Sea, Trek, Lucara, etc…
He did well with Alterra, but I attribute all of that to Ross Beaty’s leadership, and not Katusa’s amazing stock picking ability. Same thing with Equinox the last two years… it is all because of the team Beaty consolidated, and nobody needed a newsletter pump to know it was going to be a winner.
CanAlaska Uranium was also a textbook P&D. Please look that up.
I bought it but made it out with a small profit. Other shareholders were massacred.
I have to emphesize Rick Rules disgusting behaviour. I recall an interview when he told the world that “If you think people in the mining sector are ´good guys´ then you must rethink” or something BS like that. In that interview he was supoer-bullish on the metals and the miners. However, a couple of weeks later people found out that while he was pumping the sector he had quietly sold of a large portion of his holdings. That man is a charlatan.
Well, I learned a lot listening to Rick Rule on good attributes of mining companies and what things raise red flags, so that has been instructive and valuable. I also enjoy the Rick Rule-ism’s and some of his market adages. Lastly I kind of find him funny and entertaining. As for milking the warrants, yes he does. In addition this allows him to dump under the promotion blitz the PP shares and then keep the warrants as his longer term payment. Smart strategy, and he is the one funding those distressed companies in a tough market and can demand those termsx so good on him. Yes it does rub many the wrong way though.
As for CanAlaska as a uranium company I liked it initially for their exploration potential, then they went more prospect generator, but then they got off in the weeds with diamonds and Kimberlites and split their focus which really hurt their share price and market perception. They may still have a big discovery on 1 or 2 of their properties at one poiny, but there are other uranium companies I’d rather around and do own 1st.
“The dollar is going down and it’s not a pretty picture…
“It’s not being sustained by proper policy and proper thinking. [Rejecting cash for gold] was an opportunity to show people what’s happening with the dollar…” D.J.Trump.
“…………. If you don’t find it one of the most valuable tools you have ever been handed after you use it for some time, write me and I will patiently listen to you whine and I will pat your back for you.”
Dec 19 DSI Says Palladium Approaching a Sell, and DSI Is on Sale Bob Moriarty SWR
First thing I thought was “whataprick” lol and got a good laff.
Buying opportunity?
BBB 0.14-0,145 cad